Recent News

Seaborne iron ore prices dip amid cyclone jitters

January 10, 2018 / www.metalbulletin.com

Seaborne iron ore prices retreated for the first time this year on Wednesday January 10 amid uncertainties over whether a forecast cyclone in Australia could result in supply disruptions.Key driversChina's ferrous futures retreated in the afternoon after trending upward in the morning. The benchmark iron ore contract ended slightly lower than a day earlier.A tender for a seaborne cargo of Pilbara...Read More

China AM: Futures post mid-week rise

January 10, 2018 / www.metalbulletin.com

China's ferrous futures moved upward during morning trading on Wednesday January 10, after posting losses on Tuesday night.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,861 ($592) per tonne, up 51 yuan per tonne May hot-rolled coil: 3,901 yuan per tonne, up 53 yuan per tonne Dalian Commodity Exchange May iron ore: 560.50 yuan per tonne, up 5.50 yuan per tonne May...Read More

Indium prices up on reduced output

January 10, 2018 / www.metalbulletin.com

Indium prices have risen on strong demand for indium tin oxide (ITO) due to a lack of available stock in China.Prices for indium have climbed while producers reduce output and material supply tightens, market participants said.Metal Bulletin assessed the free market indium price at $265-300 per kg on an in-warehouse basis on Wednesday January 10, up from $250-270 per kg last Friday."There is...Read More

MINOR METALS MARKET REPORT 10/01: Indium price up over 6%; tellurium drops

January 10, 2018 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

MB NON-FERROUS PRICE CHANGES 10/01: Minor metals

January 10, 2018 / www.metalbulletin.com

The following Metal Bulletin minor metals prices changed on Wednesday January 10:Minor metals Bismuth MB free market, $/lb: $5.00-5.40 per lb from $5.10-5.40 Cobalt MB free market high grade, $/lb: $36.95-37.80 per lb from $36.75-37.50 Cobalt MB free market...Read More

BULLION LATEST 10/01: Gold prices pressured by resurgent dollar, higher US bond yields

January 10, 2018 / www.metalbulletin.com

The spot gold price was little changed during Asian morning trading on Wednesday January 10, with the yellow metal coming under pressure from a resurgent dollar and higher US bond yields. The spot gold price was recently quoted at $1,310.60-1,310.90 per oz, up by $0.70 from the previous trading day's close. Trade has ranged from $1,308.40-1,312.55 per oz so far today. The spot gold price remained...Read More

Electric cars market threatened by potential cobalt tax hike in Congo

January 10, 2018 / www.mining.com

The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 mining code was...Read More

Giant Bougainville mine restart stalls on moratorium over fears of civil unrest

January 10, 2018 / www.mining.com

The government of Boungaville, an autonomous region in Papua New Guinea, has set an indefinite freeze on plans to restart mining at one of the world's biggest open-pit copper operations, shut by a civil war in 1989.Authorities fear the reopening of Panguna mine, donated by Rio Tinto in 2016, could open old wounds, as landowners voted last month on whether or not Bougainville Copper Limited (BCL) -...Read More

Bacanora seeks expansion of German lithium project with newly acquired exploration licence

January 10, 2018 / www.mining.com

Lithium exploration and development company Bacanora Minerals (TSX-V, LON:BCN) scored big on Wednesday as it has secured an exploration licence for a previously mined deposit of the world's lightest metal in Germany.The Falkenhain lithium deposit, in the German state of Saxony, is located about 5 km from Bacanora's 50%-owned Zinnwald project. With the new licence the company has the potentia...Read More

Centamin jumps on better-than-expected gold output estimates

January 10, 2018 / www.mining.com

Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More

Chile's Andina mine to be modified to protect glaciers

January 10, 2018 / www.mining.com

Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More

Oil tanker still on fire in the East China Sea

January 10, 2018 / www.mining.com

An Iranian vessel operating under Panama's flag has been on fire since last Saturday in the East China Sea, following a collision with a cargo ship about 260km off the coast of Shanghai. The boat could burn for as long as one month, Park Sung-dong, an official with South Korea's Ministry of Oceans and Fisheries, said today.The Sanchi was carrying 136,000 tonnes or nearly 1 million barrels of conde...Read More

U.S. expects domestic crude output to hit records in 2018, 2019

January 10, 2018 / www.mining.com

The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world's largest oil producer.U.S. output will rise to 10 million barrels a day as soon as next month and top 11 million in November 2019, according to government forecasts Tuesday. That compares with almost 11 million barrels of Russian production in 2017 and Bloomberg estimates of just below 10 million...Read More

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 10/01

January 10, 2018 / www.metalbulletin.com

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 10:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5-2% Sn...Read More

Fault at Birla Copper's Dahej smelter hits production, forces supply to be redirected

January 10, 2018 / www.metalbulletin.com

Unspecified technical issues at Birla Copper's Dahej copper smelter have caused the plant to lower output and to delay scheduled cargoes of copper concentrates or to divert into the spot market, sources told Metal Bulletin.Tonnages due for January and February arrival at Dahej, a 500,000-tonne-per-year smelter in Gujarat in the west of India, have been postponed until later months or are being red...Read More

Prospecting enters the digital age in Ontario - by Adam McDowell (TV Ontario.org - January 9, 2018)

January 10, 2018 / www.republicofmining.com

https://tvo.org/Staking a mineral-rights claim will soon be as easy as clicking a mouse - but the new process may end up being hard on small-scale operationsFrom 1906 until early this morning, the process for staking a mineral-rights claim in Ontario was the same: Starting at the northeast corner of your intended parcel, drive a 10-centimetre-thick wooden stake into the ground, then trudge 400 met...Read More

"My Gold Target is Higher Than $1,700," Vince Lanci

January 10, 2018 / www.kitco.com

Jan 10, 2018 Guest(s): Vince Lanci (Recorded on January 10th, 2018) Gold is up 6% since the Fed raised rates last month, despite net outflows in gold ETFs. Vince Lanci, founder of Echobay Partners, said that not all investors have been flocking away from gold ETFs."GLD has dropped about 10 tons over the last three to five weeks, what you're seeing is small retail get out, and larger funds get i...Read More

Marc Faber grades President Trump's performance after 2017 and looks ahead through 2018

January 10, 2018 / marketsanity.com

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor...Read More

RapNet Gets a Tech Interface-Lift

January 10, 2018 / www.diamonds.net

RAPAPORT... RapNet launched a new site on Tuesday, promising asafer, simpler and smarter way of trading diamonds online.  The aspects of RapNet that users enjoy will stay, but theredesigned platform will be easier to navigate, getting those users to theirdesired diamonds with fewer clicks. There are also handy tools such as a pricecalculator, the ability to compare up to 10 diamonds at once,...Read More

Rich Dad Author Says The Next Financial Crash Will be Like an "Avalanche"

January 10, 2018 / www.kitco.com

Jan 12, 2018 Guest(s): Robert Kiyosaki For bestselling author Robert Kiyosaki, crashes, debt and taxes are the secret to how the are getting richer, so is 2018 setup to deliver?"I hope so," said Kiyosaki the author of Rich Dad, Poor Dad and his latest, How the Rich are Getting Richer. And with the stock market continuing to hit all-time highs, Kiyosaki said the next financial crash is "imminent...Read More

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