Tungsten miner Wolf Minerals has appointed Richard Lucas as its managing director, the company said on March 21.Lucas was appointed as interim managing director on April 7 last year as part of a leadership transition and to ensure the long-term successful operation of its Drakelands mine in Devon, UK, it said. Lucas joined Wolf Minerals in 2011 as chief financial officer and company secretary...Read More

Lawyers acting for Hernic Ferrochrome have named Samancor Chrome as the preferred bidder for the distressed South African chrome producer, in a deal worth an initial 500 million South African rand ($42.4 million). The company went into business rescue in September 2017 and indicative bids were submitted in December. The purchase price for the asset is an aggregate amount of 500 million rand for th...Read More

The latest metal markets news and price moves to start the North American day on Thursday March 22.Base metals prices on the London Metal Exchange mostly edged higher during morning trading on Thursday March 22, with the dollar experiencing a bout of weakness.The dollar came under pressure on the US Federal Open Market Committee's (FOMC) slightly dovish tone - the committee did not suggest it was...Read More

The physical iron ore market did not see too much activity on Thursday March 22 despite more blast furnaces in north China being allowed to return to production.Key driversSteelmakers in north China's steelmaking hub of Tangshan can now operate according to their off-peak production plans now that the winter heating season is over, subject to them meeting their prescribed emissions standards, acco...Read More

Iron ore prices were relatively stable at $67 per tonne cfr China on Thursday March 22 due to inactive physical trading.Metal Bulletin's 62% Fe Iron Ore Index Today: $67.18 per tonne cfr QingdaoDaily change: down by $0.07 per tonne Month-to-date average: $72.01 per tonneMetal Bulletin's 58% Fe Premium Index Today: $55.48 per tonne cfr QingdaoDaily change: down...Read More

Ample availability of seaborne cargoes of premium hard coking coal has left market participants pessimistic about prices.A cargo of premium low-vol product was heard to have been traded at around $215 per tonne cfr China, sources told Metal Bulletin on Thursday March 22. This compares with a transaction price of around $220 per tonne cfr China for similar materials in the middle of the month. "Car...Read More

China's ferrous futures remained subdued during morning trading on Thursday March 22, with the easing of production restrictions in the country's northern region expected to weigh on physical prices in the coming weeks. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,622 yuan ($572) per tonne, down 12 yuan per tonne May hot-rolled coil: 3,742 yuan per tonne, down 1...Read More

One China will suspend operations at its Guangxi province gallium plant in April, sources told Metal Bulletin this week. A subsidiary of the Aluminium Corporation of China (Chalco), One China will halt production for about 30 days. "The stoppage [in Guangxi] is for normal facility maintenance [and] will last around one month and remove three to four tonnes of gallium from the physical market," one...Read More

Key data from the Wednesday March 21 pricing session in Shanghai. Indium China domestic market, min 99.99% in warehouse, RMB/kgKey drivers - Indium prices jumped to 2,500 yuan ($395) per kg on the Wuxi Stainless Steel Exchange on March 20 amid increased investment interest for the metal. The higher prices on the bourse boosted sentiment in the physical...Read More

Stainless steel prices in East Asia remained in a downward trend over the past week amid soft demand and a softening of the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed CRC was $2,170-2,250 per tonne cif East Asian ports for the week ended Wednesday March 21, narrowing downward by $10 per tonne from $2,170-2,260 per tonne cif a week earlier. Metal Bu...Read More

Tokyo Steel increased the purchasing price for overland arrivals of H2 grade scrap at its Utsunomiya plant this week.The price for scrap at the Utsunomiya plant increased to ?37,500 ($353) per tonne from Thursday March 22, up by ?500 from previouslyPrices at Tokyo Steel's four other plants in Tahara, Okayama,...Read More

Luxury vehicle maker BMW won't be signing any supply contracts for lithium and cobalt at least until 2020, when mass-producing electric vehicles (EVs) proves to be profitable, chief executive Harald Krueger said.The German company, which unveiled its first battery electric car in 2013, and is said to be ready to unveil a new wave of EVs later this year, told analysts in Munich it will wait until t...Read More

Apollo Minerals (ASX:AON) announced that it has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida, right next door to the company's Couflens tungsten and gold project, which is in France.Within the terms of the agreement, Apollo will acquire 75% of the share capital of NeoMetal Spania S.L, which holds the rights to the 100% interest in the Aure...Read More

Mining giant Rio Tinto (ASX, LON:RIO) has agreed to sell its 75% stake in a Queensland project to Australia's Whitehaven Coal (ASX:WHC) in a deal worth $200 million.The sale would be the second one this week, and in line with Rio's strategic decision to exit coal to focus on iron ore, copper and aluminum.The Winchester South project, 30km outside of the Moranbah township, was the second to last of...Read More

Canada's RNC Minerals (TSX: RNX) said Thursday it might sell all or part of its Beta Hunt gold and nickel mine in Western Australia to focus instead on its Dumont cobalt and nickel project in Quebec, the world's largest undeveloped reserve of both metals.The Toronto-based miner, which acquire Beta Hunt in 2016, said while it has grew the scale of the operation ever since, such asset is now cons...Read More

Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through a public offering.According to the news agency, four people with inside knowledge of long-rumored plans to migrate Vale to a dispersed ownership structure confirmed this information. The share sal...Read More

Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More

A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More

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Mar 23, 2018 Guest(s): Bill Baruch President, Blue Line Futures Investors can expect gold to break out to $1,420 an ounce this year, said Bill Baruch, president of Blue Line Futures.Gold rallied this week despite the Fed announcing higher interest rates because investors were expecting the FOMC to adopt an even more hawkish stance, according to Baruch.Baruch told Kitco News that if gold can brea...Read More