Canada's minister of international trade told world aluminium sector leaders on Monday June 4 that he deplored the United States' imposition of duties against imports of Canadian metal, branding it "deeply troubling and unacceptable." Arguing that the action would "do nothing to address the problem of global overcapacity," Fran??ois-Philippe Champagne said that US President Donald Trump's Section...Read More
Leading Chinese stainless steel mills last week issued higher ferro-chrome tender prices for June, which lent support to the prices for UG2 chrome ore and ferro-chrome. Price for ferro-chrome into China moves up UG2 chrome ore into China nudges higher High-carbon ferro-chrome in Europe unchanged Low-carbon ferro-chrome ticks up on top end Ferro-chrome prices in Japan and South Korea rise.Metal Bul...Read More
The latest metal markets news and price moves to start the North American day on Monday June 4. The latest metal markets news and price moves to start the North American day on Monday June 4. The three-month copper and aluminium prices rose slightly on the London Metal Exchange in today's morning trading. The copper price ticked $48 higher to $6,944 per tonne, with the market awaiting further...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday June 4.Copper prices on the Shanghai Futures Exchange rose during Asian morning trading on Monday, benefiting from supply-side concerns, while the rest of the complex was little changed to stronger.Check Metal Bulletin's live futures report here.LME snapshot at 03.17am London timeLatest...Read More
SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3.The suspension is likely to further tighten supplies of iron ore concentrate in Tangshan and sup...Read More
Bix has an announcement to make about what people say about him, and Bix also has a few good things to say about silver. Here's the details...Bix Weir has announced that he has had enough and he isn't dealing with comments anymore (click link to see announcement):Comments are now shut off on the RoadtoRoota YouTube Channel. No room in my world for vile comments or vile people so all the trolls are...Read More
Base metals on the London Metal Exchange ended trading mostly higher on Monday June 4, with tin the only metal to trade negatively amid strong performances in three-month copper, lead and nickel prices. Rallying more than 2% during afternoon trading, lead's three-month price broke its nearby resistance level at $2,500 per tonne. "We expect the LME lead price to continue consolidating within a...Read More
Volumes traded on the CME's European aluminium futures premiums contract recorded positive figures for May, attributed to participants looking to position following the US sanctions on Rusal. The duty-paid premium contract rebounded tenfold against continued strength in duty-unpaid volumes, while the duty-unpaid futures were steadily high. In May, 1,785 lots of the Rotterdam duty-paid aluminium pr...Read More
The Comex copper price edged higher on Monday June 4 on a weaker dollar and positive fundamentals for the US economy. Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 2.7 cents or 0.9% to $3.1255 per lb. "This morning, global risk-taking appetite is positive because investors continue to digest the...Read More
The measured resource estimate was increased by 56%, with the overall measured and indicated resource up 12% to 5.71 million tonnes containing 381,000 ounces of gold at 2.08g/t, based on a 1g/t cut-off grade.Singida now has a total project resource of 12.4 million tonne containing 725.000oz at 1.84g/t, including an inferred resource of 6.57Mt containing 344,000oz at 1.63g/t.Shanta said only two of...Read More
SHANGHAI, Jun 4 (SMM) – Most nonferrous metals weakened on Monday June 4 except for SHFE copper and aluminium. SHFE tin fell 2%, zinc closed 0.62% lower, and lead and nickel inched down. The ferrous complex dipped across the board as coke led the loss with a drop of nearly 3.5%. Iron ore, coking coal, and hot-rolled coil fell over 1%, and rebar edged down. Copper: SHFE 1807 co...Read More
Glenn Kondo has joined Orca after being announced as CFO at Strongbow Exploration in March but not making it to the June 1 start date.Before that, he served in the same role at fellow Lukas Lundin-linked company Lucara Diamond Corp.Orca CEO Rick Clark said Kondo's experience in the team that brought the Karowe mine to production would be helpful as his company developed the Block 14 gold project.O...Read More
Garibaldi, fellow BC Golden Triangle explorer Metallis Resources, Manitoba lithium explorer QMC Quantum Minerals Corp, Western Australia conglomerate gold sensation Novo Resources, and Idaho gold explorer Integra Resources all started June with stock prices 35% or more below their 52-week highs.But they led the market for overall gains in the 12 months to June 1, rising 369% or more for the period...Read More
SHANGHAI, Jun 4 (SMM) – A total of 226 metal and nonmetal mines in Tangshan, Hebei province are required to suspend operation until they obtain a valid "safe production licence", or renew their licences, according to a municipal government notice released on Sunday June 3.The suspension is likely to further tighten supplies of iron ore concentrate in Tangshan and sup...Read More
Gold bulls extraordinaire at Incrementum AG have laid out a major case for gold company investors to make big gains over the next few years in their latest, ‘In Gold We Trust' report.Read More
The US$10.5 million JV over Hammer's Overlander, Even Steven and Dronfield iron oxide-copper-gold targets was signed in late 2015, with Newmont having the potential to earn up to 80%.Read More
SHANGHAI, Jun 4 (SMM) – China’s copper scrap imports are likely to remain at low levels in May as Chinese authorities imposed broad-based inspections on all scrap materials from the US from May 4, SMM believed.China imported 180,000 mt of copper scrap in April, down 36.7% year on year and 19.3% month on month, according to data from Chinese Customs. This marked a third l...Read More
SHANGHAI, Jun 4 (SMM) –Copper: The SHFE 1807 contract rose above the daily moving average after it fell to a low of 51,490 yuan/mt last Friday night. Technically, LME copper now struggles among several moving averages. We see some upward momentum for it as its KDJ indicator expands upwards. The SHFE 1807 contract now stands firmly above the 51,500 yuan/mt level. We expect LME copper to...Read More
The assets include the Mount Block exploration tenement, an access easement and the Que River mine lease as well as the remaining base metal exploration and development rights on the Hellyer polymetallic mine lease, in Tasmania's west.NQ Minerals agreed to acquire the package with a view to starting gold production from Hellyer later this year.Bass first announced the deal in May 2017, with the in...Read More