Ferro-alloys producer Ferroglobe has successfully completed the acquisition of a 100% interest in Glencore's manganese alloys plants in Mo i Rana (Norway) and Dunkirk (France) from a wholly-owned subsidiary of Glencore International, it said on Thursday February 1. Ferroglobe has received the necessary regulatory approvals in France, Germany and Poland for the purchases, the company added. The new...Read More

Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More

TSX VENTURE: FCCwww.firstcobalt.com Mr. Trent Mell reports:TORONTO, Feb. 1, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") is pleased to announce positive drill results from its 2017 drill program, intersecting 25 metres of fracture-controlled mineralization in the Canadian Cobalt Camp.Figure 1. Bedrock geology and location of drilling stations in the 2017 dri...Read More

Glencore has set its 2018 production guidance for own-sourced nickel in 2018 at 127,000-137,000 tonnes of nickel metal, much higher than it produced in 2017, according to its production results report published on Thursday February 1. Market participants attribute the higher guidance to the ramp-up of Koniambo after its No 2 furnace was rebuilt in December. Glencore produced 109,000 tonnes of nick...Read More

TSX VENTURE: ALGwww.algold.com Mr. Fran??ois Auclair reports:MONTREAL, Feb. 01, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSX-V:ALG) ("Algold" or the "Corporation") is pleased to announce that it has entered into a non-binding agreement with Osisko Gold Royalties Ltd ("Osisko") to complete a CDN $2 million private placement (the "Offering") and grant a 1.5% NSR royalty on the Tijirit Go...Read More

TSX VENTURE: AAZwww.azincourtenergy.com Mr. Alex Klenman reports:VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. ("Azincourt" or the "Company") (TSX.V:AAZ) is pleased to provide an update on its upcoming exploration work programs with partner New Age Metals Inc. (TSX.V:NAM) at the five newly acquired lithium projects in the Winnipeg River Pegmatite Field, Mani...Read More

Stainless steel group Aperam expects a slight quarter-on-quarter improvement in earnings in the first three months of 2018, with higher sales volumes likely to be partially offset by a weaker European ferro-chrome benchmark.It expects earnings before interest, taxes, depreciation and amortization (Ebitda) for the January-March period to be slightly better than the $154 million in October-Dece...Read More

TSX: OGCwww.oceanagold.com Mr. Michael Wilkes reports:MELBOURNE, Feb. 1, 2018 /CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the "Company") is pleased to release its full year 2018 production and cost guidance. Additionally, the Company has provided details related to its capital cost program and expectations for the year.Mick Wilkes, President and CEO said, "We expect this year to be an exciting...Read More

The latest metal markets news and price moves to start the North American day on Thursday February 1.Base metals prices on the London Metal Exchange were largely range bound Thursday morning in London.Here is how the LME base metals complex looked at 11:48am in London time. For a snapshot of our exchange news...Read More

Indonesian miner PT Aneka Tambang's (PT Antam) bauxite production increased 192% to 705,322 wet metric tonnes (wmt) in the financial year 2017, ended on December 31, according to the company.Antam's bauxite sales volume amounted to 838,069 wmt in 2017, a 181% increased from 298,012 wmt in 2016. 71,079 wmt of this total volume was supplied to the Tayan Chemical Grade alumina plant, whilst the remai...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, offered at $505-515...Read More

Brazilian slab producer Companhia Sider??rgica de Pec?(C)m (CSP) has announced that it appointed Cl??udio Bastos its chief executive officer on Thursday February 1, with immediate effect.He replaces Eduardo Parente, who will join the company's board of directors.Bastos was previously financial director at Vale's Indonesian unit and in Vale's Singapore office. He was also...Read More

Demand and prices for Indian finished steel products are likely to be boosted over the coming year after the country's government announced stronger spending on infrastructure in its new budget, Metal Bulletin heard on Thursday February 1.India's budget allocation for infrastructure spending in its 2018-19 financial year, which begins in April, will rise to 5.97 trillion rupees ($93.65 billion), c...Read More

Ukrainian steelmaker Metinvest increased semi-finished steel output in the full year of 2017 by 22% year-on-year, to 2.76 million tonnes, mainly due to a rise in slab production, the company said in its latest report.Metinvest produced 1.34 million tonnes of slabs in 2017, up by 83% year-on-year, amid favorable market conditions - in particular, higher prices.The average annual price for CIS expor...Read More

Turkish billet prices have fallen over the past week because of the poor demand in the domestic and export markets and the lower costs for imported scrap, while demand for imported billet has recovered slightly, sources said on Thursday February 1.Metal Bulletin's weekly price assessment for billet imports into Turkey was $505-520 per tonne cfr on the day, down from the $515-525 per tonne of last...Read More

Bahrain rebar producer Unirol is planning to increase its rebar production capacity to 300,000 tonnes per year from 200,000 tpy, a company executive told Metal Bulletin on Thursday, February 1. The company also plans to start exporting rebar by 2019, mainly to the Gulf Co-operation Council (GCC) countries. Rebar demand in the Middle East is currently moderate, while most...Read More

Turkish domestic rebar and wire rod prices have gone down over the past week, on falling imported scrap costs and weak demand, sources told Metal Bulletin on Thursday February 1.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $550-565 per tonne ex-works on the day, down from the $570-580 per tonne of last week.The...Read More

Slowing spot demand caught up with the molybdic oxide and ferro-molybdenum markets this week, with prices dropping after suppliers cut their offer prices to book profits following a strong rally in recent weeks, sources told Metal Bulletin. Metal Bulletin assessed molybdic oxide prices at $11.80-12.00 per lb in-warehouse Rotterdam on Wednesday January 31, down 20 cents from Friday. The market...Read More

Subscribe, rate and follow us on SoundCloud, iTunes, YouTube, Google Play, Stitcher or RSS Feed!This week we’re talking cash, capital markets and industry trends in 2018. Matt is joined on the floor of the Vancouver Resource Investment Conference (VRIC) by Oxygen Capital founder and chairman Mark O’Dea to discuss the current state of the market and the recent rally in commodity...Read More

Summary of Glencore's production results for the fourth quarter and full year 2017.(Own-sourced output volume, year-on-year % change) Copper Q4: 363,200 tonnes, 0% 2017: 1,309,700 tonnes, -8% Zinc Q4: 262,800 tonnes, -14% 2017: 1,090,200 tonnes, 0% Lead...Read More