European alloy surcharges for January deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.The February assessment for molybdenum-containing 2 mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose ?,?99-155 ($123.03-192.62) per tonne to ?,?1,923-1,963 per...Read More

Treatment charges (TCs) for spot market zinc concentrates dropped to multiyear lows while Chinese smelters re-entered the market for tonnages in January.TCs for lead concentrates also remain depressed, with supply shortages restricting the amount of material on offer and traded lots shrinking.Zinc concentrate TCs dropped $10 per tonne over January to a $10-30 per tonne level. Direct trades were re...Read More

Codelco has reached an early wage deal with unionized workers at its Andina division, the Chilean copper producer said on Saturday January 27. The agreement, signed with Andina's two trade unions, includes a 1% pay rise and an end-of-negotiation bonus of 8.2 million Chilean pesos ($13,592) per worker, Codelco said. The state-run miner added that the deal also includes improved benefits and variabl...Read More

There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More

Base metals on the London Metal Exchange began the week in positive territory during London morning trading on Monday January 29, with nickel up over 2%.Nickel was the best performer, up $305 per tonne, or 2.2%, while zinc was also strong, up $59.50 or 1.7%."Metals are trending up, but it's largely trend flowing behavior, continuing the uptrend from last week," said Oliver Nugent, commodities stra...Read More

Brazilian slab producer Companhia Sider??rgica do Pec?(C)m (CSP) announced on Monday January 29 that its chief executive officer, Eduardo Parente, will resign from his position and join the company's board of directors.Parente has been the steelmaker's CEO since October 2016, when he replaced S?(C)rgio Leite.Parente will remain in his position until a new...Read More

Mexico's output of crude steel increased by 6.20% in 2017, compared with the previous year, to 20 million tonnes, according to national steel association Canacero.Most of the increase was due to a growth of 32% in the production of semi-finished steel products, Canacero said. Meanwhile, finished steel production increased by 0.10%...Read More

Oman's Jindal Shadeed, part of India's Jindal Steel & Power (JSPL), produced.420,000 tonnes of crude steel in October-December 2017, the company said on Thursday January 25.This was up quarter-on-quarter by 34.48% from 310,000 tonnes produced in the third quarter of the year, it added.Its rebar production reached 240,000 tonnes in the fourth quarter of 2017, and...Read More

China's domestic rebar prices continued to fall on Monday January 29 on thin demand. Domestic Eastern China (Shanghai): 3,820-3,890 yuan ($604-616) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,900-3,940 yuan per tonne, narrowed downward by 10 yuan per tonne Most construction projects have stopped work due to bad weather as well as because the Chinese New Year is just a little o...Read More

TSX VENTURE: AGBwww.atlanticgoldcorporation.com Mr. Steven Dean reports: Maintains industry lowest quartile AISC over new Life of Mine at CAD$692 / oz. Au (USD$555 / oz. Au) VANCOUVER, Jan. 29, 2018 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to announce the results of the Phase 2 Life of Mine Expansion Pre-Feasibility Study (the "Study"), led and prepar...Read More

NASDAQ: MPVDwww.mountainprovince.com Mr. Jonathan Comerford reports:TORONTO and NEW YORK, Jan. 29, 2018 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province") (TSX and NASDAQ:  MPVD) and Kennady Diamonds Inc. ("Kennady") (TSX-V: KDI) are pleased to announce that they have entered into a definitive arrangement agreement ("Arrangement Agreement") pursuant to which Mountain Province will...Read More

TSX VENTURE: ORGwww.orcagold.com Mr. Richard Clark reports:VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2018) - Orca Gold Inc. (TSX VENTURE:ORG) ("Orca" or the "Company") is pleased to announce a new Mineral Resource Estimate for the Company's Block 14 Gold Project in the Republic of the Sudan.Highlights*The updated Mineral Resource Estimate of the Galat Sufar South ("GSS") and Wadi Doum d...Read More

Chinese ferro-silicon prices have been steady in the past week, stabilizing losses made through the month when idled production was restarted; meanwhile, the European price set another record high, and US prices climbed after a period of inactivity due to strong overseas prices. Consumer demand shores up Chinese market  Chinese market awaits new steel mill tenders  Europe hits record hi...Read More

I'm so disappointed with Garibaldi. After 3 months of hibernation, they rudely awoke the market with the final drill-hole assays just in time to show some core at the Roundup Core-shack (link), and avoid some embarrassing questions...Let's start with the good news:We got a plan map!!!!We got some geofizz polygons - rectangle marks the spot!!!Errr, that's it...And now with the bad less good news:Th...Read More

Major Chinese stainless steel mill Tsingshan Group has raised its high-carbon ferro-chrome tender price for February delivery due to tight supplies both domestically and overseas on Monday January 29 after Baosteel and Taiyuan Iron & Steel (Tisco) raised ferro-chrome tender prices for February last week. Tsingshan Group raised its high carbon ferro-chrome tender price for February delivery to 7,89...Read More

TSX VENTURE: CZXwww.canadazincmetals.com Mr. Peeyush Varshney reports:Vancouver, British Columbia (FSCwire) - Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that the Company has received an updated mineral resource estimate for the Cardiac Creek Zn-Pb-Ag deposit on its 100% owned Akie Project.The new mineral resource estimate incorporated the results of 8 new drill int...Read More

Chrome ore and alloy prices rose in China late last week after tight domestic supply in the East Asian country prompted leading stainless steel mills to give higher February bid prices. Chrome ore and ferro-chrome prices rise in China after mills raise tendersAlloy prices edge higher in South KoreaEuropean alloy prices edge lowerAlloy prices stable in the United States Chrome ore and ferro-chrome...Read More

TSX VENTURE: CNXwww.callinex.ca Mr. Max Porterfield reports:HighlightsDrill hole NC17-260 expanded the Nash Creek Deposit laterally and intersected 13.0m of 5.7% Zn Eq. starting at a depth of 72.0m including 5.0m of 11.8% Zn Eq.;High-grade mineralization intersected in hole NC17-260 is open for further expansion to the west and northwest towards the MacMillan Zone; andDrill hole NC17-254 intersect...Read More

Turkish steel producers extended their silence in the deep-sea scrap markets at the start of this week, but they still expected to book more cargoes for February, sources said on Monday January 29.Turkish mills were expected by several market sources to book five or six more cargoes for shipping in February, but they were postponing their scrap purchases due to low demand for...Read More

Anglo American has been granted licenses for the expansion of its Minas-Rio iron ore operation in Brazil's south-eastern Minas Gerais state.The installation and preliminary permits were issued by Minas Gerais' mining chamber, CMI, on Friday January 26.With these licenses, the company is now allowed to start the work that will enable it to raise...Read More