Production of nickel intermediates will need to ramp up in order to meet forecast demand from the electric-vehicle (EV) sector, according to Anne Oxley, technical director of Brazilian Nickel. The nickel industry and supply chain is not structured to cater to the specific needs of EV battery manufacturers, delegates heard at the Advanced Automotive Battery Conference in Mainz, Germany, this week....Read More

CSE: CBKwww.copperbankcorp.com Mr. Gianni Kovacevic reports:VANCOUVER, BC / ACCESSWIRE / February 2, 2018 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CNSX: CBK, OTC PINK: CPPKF, FSE: 9CP) is pleased to announce that SRK Consulting ("SRK"), an independent consulting firm, has delivered a NI 43-101 compliant report containing an updated mineral resource estimate for the Company's 1...Read More

Southern Copper Corp reported higher copper and zinc sales volumes and prices in the fourth quarter of 2017, but these were overshadowed by the negative impact of a one-time payment related to the tax reform in the United States.The Grupo Mexico-controlled miner posted a $287.5-million net loss in the three months ended December 31, surprising market analysts who expected it to report a strong net...Read More

TSX: KDXwww.klondexmines.com Mr. Paul Huet reports:VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Klondex Mines Ltd. (TSX:KDX) (NYSE American:KLDX) ("Klondex" or the "Company") reported today its preliminary operating results for the fourth quarter and full-year 2017. In addition, the Company reported that its Investor Day, previously scheduled for February 7, 2018, has been p...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsGFG Alliance has been granted full planning permission for a new 400-worker alloy wheel factory next to the Liberty British Aluminium smelter at Fort William, Scotland, the company...Read More

Shigemoto Toma, who was Goldman Sachs' senior aluminium trader until November, is joining Macquarie bank in Singapore, Metal Bulletin understands. Toma will join Macquarie's base metals trading team on February 8 and will help the bank grow its physical...Read More

Finnish metal processing technology provider Outotec forecasts growth in demand for many metals, with sentiment in both the mining and metals industries expected to improve in 2018."In 2018, our target is to grow our sales as well as improve profitability. Together with improved market sentiment, global [trends] - such as resource efficiency, sustainability and digitization - provide us with good...Read More

Deliverable zinc stocks at Shanghai Futures Exchange-approved warehouses increased 13,216 tonnes or 16.2% week on week to 94,769 tonnes as of Friday February 2. Metal Bulletin last assessed Shanghai-bonded zinc stocks at around 203,000-205,000 tonnes at the end of January, up 29.5% from 155,000-160,000 tonnes on January 3 and 92.5% compared to January 2017.  Stock levels have predominantly be...Read More

Comex copper prices softened to a one-week low amid a rising dollar, which was sparked by a strong US jobs report.Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 3.40 cents or 1.1% to $3.1640 per lb. "We continue to like copper as global concerted growth is likely to support the red metal enough to maintain its bullish uptrend," Metal Bulletin analys...Read More

Major Russian steelmaker Severstal expects further steel demand growth in the country, but prices are likely to decrease due to a downward trend in raw material markets."In 2017 Russian steel demand increased 5% and is expected to be 3-4% higher in 2018, supported by [gross domestic product] growth and gradual economic recovery," chief executive officer Alexander Shevelev said. Another driver for...Read More

Export prices of Brazil-origin slab remained unchanged this week, but market participants disagree on which direction prices will take in the next weeks. Metal Bulletin's weekly assessment of Brazilian export slab once again remained at $530-540 per tonne fob on Friday February 2, unchanged from the previous week. Market players are waiting for offers to resume in the next weeks, because most Marc...Read More

Swedish steelmaker SSAB, iron ore pellet producer LKAB and power company Vattenfall have formed a joint venture company to develop a fossil-free steel initiative named Hybrit, the companies said on Thursday February 1.The three companies will each own one-third of the project, which will seek to develop a steelmaking process that is less harmful to the environment.Last spring, SSAB, LKAB and Vatte...Read More

Turkey exported 4.18 million tonnes of flat steel products in 2017, an increase of 40.22% compared with 2016's 2.98 million tonnes, according to the Turkish Statistical Institute (TUIK).Competitive pricing and strong demand in Europe and North Africa were the major factors behind the rise, market commentators said.Demand for Turkish coated coil, especially hot-dipped galvanized coil (HDG), increas...Read More

Some flat steel prices in Turkey's domestic market fell slightly this week, while import prices were mostly stable, market participants told Metal Bulletin on Friday February 2.Local producers are accepting orders for April, but demand was not strong this week because buyers expected prices to come down. Besides, retail prices are still lower than producer prices, sources said.Domestic pricesHot-r...Read More

Indian local secondary billet prices this week showed a slight fall of about 200 rupees per tonne week-on-week, with buyers staying away from the market and the number of inquiries to mills dwindling.Prices for Indian domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at 31,800-32,000 rupees ($497-501) per tonne ex-mill on Friday February 2. Thi...Read More

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday February 2:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.60-12.00 per lb from $11.80-12.00 Molybdenum US canned molybdic oxide, $/Ib $11.90-12.20 per Ib from $12.15-12.30 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29.70-30.00 per kg from $29.50-30.00 Ferro-molybdenum U...Read More

Metal Bulletin has today discontinued five grades of zircon.After a consultation period, Metal Bulletin has today suspended the following five grades of zircon, effective February 2, 2018: Zircon, ceramic grade, bulk, CIF South Africa, $/tonneZircon, Ceramic grade, Bulk, FOB South Africa, $/tonneZircon, premium grade, bulk, FOB USA, $/tonneZircon, standard grade, bulk, FOB USA, $/tonneZircon stand...Read More

Glencore continues to expect a slight increase in its ferro-chrome output this year after a small rise last year, it said in its full-year production report on Thursday February 1.The company kept its production guidance for 2018 unchanged at 1,600,000 tonnes plus or minus 30,000 tonnes, it said. Its ferro-chrome production for 2017 at 1,531,000 tonnes was up 1% on the previous year's 1,523,000 to...Read More

Finnish metal processing technology provider Outotec is to provide two iron ore pelletizing plants, each with capacity for 4 million tonnes per year, to China's Shougang Jingtang United Iron & Steel, it said on Friday February 2.The two pelletizing plants are expected to be commissioned in 2019, and will...Read More

Archaeologists near Stewart, BC have discovered what is believed to be the missing front cover of the Brucejack Feasibility study.Thank you Grant NaylorIf genuine it belongs at the beginning and is believed to have read "To my darling Daniela. All figures portrayed within this report are fictitious and any resemblance to the truth is purely coincidental"**Just my warped sense (lack) of humor.Why d...Read More