The London Metal Exchange has appointed James Cressy as its new chief operating officer, the exchange confirmed today. Cressy was previously head of operations for LME Clear and head of relationship management for the LME Group. "James's depth of...Read More
- Completed 2017 Fall drilling results indicate presence of previously undiscovered zone of base and precious metal mineralization- 200-meter western step-out hole encounters gold, copper, zinc and silverELKO, Nev., Jan. 30, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce the discovery of a new zone of base and precious metals mineralization west of the existing C...Read More
Super rally under way LME tin prices accelerated their appreciation last week, gaining of 5.2%, making tin the second-best performer among the base metals, after nickel (+7.5%). The LMEX was up just 1.6%. LME tin is already up 9% in the year to date. What is behind the move? Last week’s rally was driven primarily by fresh buying, judging by the significant increase of 1,666 lots or 9% in open...Read More
Another 10-year high on stock fall, option-related buying, dollar weakness Bullish sentiment has continued to carry zinc higher, with prices testing above $3,580 per tonne at the start of this week. Alongside broader risk-on sentiment and dollar weakness, option-related buying likely featured given the level of call options around the $3,500 strike. There has also been a pick-up in withdrawals fro...Read More
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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals prices on the London Metal Exchange are weaker across the board by an average of 0.9% this morning, Tuesday January 30.Nickel prices lead the way with a loss of 1.8%, with the rest of the complex trailing in their wake: tin (-1.1%) zinc (-0.9%), copper (-0.8%, at $7,035 per tonne), aluminium (-0.4%) and lead (-0.1%). Volume has been strong with 12,588 lots traded as of 06.50 am London...Read More
A first-of-its-kind graduate program in space resources will officially lift off at Colorado School of Mines this fall. Post-baccalaureate certificates, master's degrees and doctoral degrees will be offered through the unique interdisciplinary program, which aims to prepare scientists, engineers, economists, policymakers and entrepreneurs to responsibly explore, extract and use resources on the...Read More
Base metals prices on the London Metal Exchange closed in negative territory across the board on Tuesday January 30, with nickel slumping over 3%. Nickel prices rallied to a fresh two-and-a-half-year high of $13,915 per tonne last week, but has now come under increased selling pressure and a downward correction. "It's [nickel's] price action can be quite volatile. We are seeing broad based ri...Read More
Comex copper prices saw minor profit-taking in the US morning on Tuesday January 30, with the red metal unable to establish a clear price direction over the past week. Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 0.50 cents or 0.2% to $3.1890 per lb. "We are positive on copper over the very short term, expecting...Read More
Iron ore prices tumbled below $73 per tonne cfr China on Tuesday January 30 after a drop in billet prices, with trades concluded at lower prices than a week ago. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.97 per tonne cfr Qingdao Daily change: down by $1.36 per tonne Month-to-date average: $75.97 per tonne Metal Bulletin's 58% Fe Premium Index Today: $59.70 per tonne cfr...Read More
Turkish steel mills have returned to the deep-sea scrap markets for March cargoes and the prices have fallen further at the recent transactions, sources said on Tuesday January 30.The mills had been widely expected to book more cargoes for delivery in February, but no such deals have been reported.Instead, after a short period of negotiation, the mills in the country booked two deep-sea cargoes fr...Read More
Metal Bulletin proposes to discontinue two assessments of zinc premiums in the European market.Metal Bulletin proposes to discontinue the zinc premium, 99.995% purity, Rotterdam, duty-unpaid FCA, $ per tonne and the zinc premium, 99.995% purity, Antwerp, duty-unpaid FCA, $ per tonne.The two prices are currently assessed on a weekly basis and published every Tuesday. The proposal has been raised am...Read More
Copper miners, including Freeport-McMoRan and Antofagasta, have made big cuts to copper concentrate tonnages and in some cases altered side terms for material delivered against benchmark treatment and refining charge (TC/RC) terms this year, despite the market rallying around a single number after a tense set of negotiations.Chinese smelters have stood firm behind a single number TC/RC of $82.25 p...Read More
Comex copper prices saw minor profit-taking in the US morning on Tuesday January 30, with the red metal unable to establish a clear price direction over the past week. Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 0.50 cents or 0.2% to $3.1890 per lb. "We are positive on copper over the very short term, expecting...Read More
Metal Bulletin is proposing to launch two blister copper refining charges (RC) assessments.Metal Bulletin proposes to launch two blister copper refining charges (RC) assessments, namely blister copper 98-99% spot RC cif China, and blister copper 98-99% annual benchmark RC cif China. The spot assessment will be published on a monthly basis while the benchmark assessment will be published on an annu...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil, offered at $600-610 per tonne cfr, to the UAE.India, export, hot-rolled coil, offered at $610-620 per...Read More
TSX VENTURE: MAIwww.mineraalamos.com Mr. Darren Koningen reports:TORONTO and VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Minera Alamos Inc. ("Minera Alamos") (TSX VENTURE:MAI) and Corex Gold Corporation ("Corex") (TSX VENTURE:CGE) are pleased to announce that they have entered into a definitive arrangement agreement dated January 30, 2018 (the "Agreement") to combine the tw...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $560-565 per tonne cfr, theoretical weight, to the UAE.Turkey,...Read More
TSX VENTURE: SLLwww.standardlithium.com Mr. Robert Mintak reports:VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSX-V:SLL) (OTCQX:STLHF) (FRA:S5L) is pleased to announce that the Company has commenced detailed resource definition work at its recently optioned 33,000 acres of brine leases, located in a highly prospective...Read More