The global billet markets generally remained silent during the working week from Tuesday January 2 to Friday January 5 amid the New Year holidays.ChinaBillet prices were 3,630 yuan ($559) per tonne at 3pm on January 5, down by 40 yuan per tonne from last Friday.A local trader revealed that Tangshan has around 300,000 tonnes of billet stock, which is putting pressure on billet prices."Billet prices...Read More

World manganese ore supply was still up by 13.3% year on year in November 2017, even as it fell 17.8% compared with the prior month, according to the latest data from the International Manganese Institute (IMnI).Global manganese ore supply fell to 1.62 million tonnes in November last year, down from a record-high of 2 million tonnes hit in October.Supply for the first eleven months of 2017 rose by...Read More

As one hand giveth, the other taketh away. Without getting too biblical, it appears that North American coal mining took a step forward in Canada last week but one foot back south of the border at the same time.The small community of Grand Cache, Alberta, was feeling optimistic going into the new year on an announcement that the metallurgical coal mine that closed three years ago is planning on r...Read More

Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.According to Xinhua, the state-owned news agency, the deposit contains over 100 million tonnes of silver ore. It wasn't clear from the media report whether that number refers to resources or reserves, but it must be resources, since Chinese silver reserves currently only stand at 39,...Read More

Canadian federal and provincial authorities have completed their technical assessment of Canadian Nuclear Laboratories' (CNL's) draft environmental impact statement (EIS) for the proposed in-situ decommissioning of Whiteshell Reactor 1 (WR-1).The proposal would involve filling the below-grade portions of the WNR-1 reactor, shown in this diagram, with a special grout (Image: CNL)The research reacto...Read More

Codelco's Ventanas smelter in Chile achieved record-high copper cathode production in 2017 despite stricter environmental regulations and a more complex global scenario for smelters, the company said on Monday January 8.Ventanas' cathode production reached record levels for the fourth consecutive year. Output totaled 410,024 tonnes in 2017, up by 2,700 tonnes...Read More

Aluminium was the only metal that ended lower at the end of trading on the London Metal Exchange on Monday January 8.The three-month aluminium price ended around 1.2% lower than its pre-weekend closing level at $2,175 per tonne.Around 14,000 lots changed hands by the 5pm close, outpacing copper by about 2,000 lots.Stocks fell a net 3,600 tonnes to 1,095,875 tonnes. Although on-warrant aluminium st...Read More

Comex copper prices recovered from a one-week low amid consolidation on Monday January 8, while a stronger dollar is likely to cap the upside. Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 1.25 cents or 0.4% to $3.2420 per lb. Last week, the contract hit the lowest point since December 22. "Prices could look to resume their upward...Read More

Xiamen Tungsten, China's major tungsten exporter, has not been granted an export license for 2018-2019, according to China's Ministry of Commerce. The ministry refused to grant the company an export license due to two administrative penalties imposed in 2017: one for exceeding emissions and another for having incorrect customs clearance for a batch of cobalt related products, it said on December 2...Read More

China's ferro-chrome market weakened over the past week amid a lull in activity after domestic mills wrapped up their latest round of purchasing negotiations, while ore prices were supported by tight supply and firm demand from smelters. Domestic Chinese ferro-chrome prices slide as purchasing wave ends South African and Turkish ore markets gain on tight supply European high carbon ferro-chrome pr...Read More

A location map showing Harte Gold's Sugar Zone Project in the Hemlo Camp of northern Ontario. Source Harte Gold Corp.Harte Gold Corp. [HRT-TSX] on Monday January 8 released a project update based on recent drilling at its flagship Sugar Zone property located 80 km east of the Hemlo Gold Camp in northern Ontario.The move comes after the company completed 138,000 metres of drilling in 2017, work tha...Read More

Seaborne manganese ore prices held steady over the past week, while alloy prices weakened in China in anticipation of smelter restarts. Manganese ore prices gain a few cents week on week Chinese alloy prices weaken as market awaits Ningxia restarts Silico-manganese prices rise in India on rupee and steel sector strength European alloy prices rise on tighter prompt availability US silico-manganese...Read More

An example of a typical high-grade silver-cobalt vein from the Cobalt Camp in northeastern Ontario. Photo by Ellsworth Dickson.Cruz Cobalt Corp. [CUZ-TSXV, BKTPF-OTC, A2DMG8-FSE] said it has secured the services of Precision GeoSurveys to conduct the airborne work program over Cruz's British Columbia cobalt properties. The airborne survey is the first of several work programs that are being form...Read More

Newstrike Resources Ltd. (TSXV:HIP) is attempting to merge with CanniMed Therapeutics, which is being pursued by Aurora CannabisSmallCapPower | January 8, 2018: Newstrike Resources Ltd. (TSXV:HIP), a Canadian marijuana stock, climbed 40% to $1.51 on Friday after announcing that it has received approval from Health Canada to sell cannabis in dried marijuana form. The Company had received its cultiv...Read More

European antimony prices have started the year on a positive note with prices edging up slightly for both grades amid a tightening market.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,000-8,350 per tonne on Friday January 5, stable from Wednesday's assessment when prices had increased from $7,950-8,300 per tonne.Trioxide grade antimony prices in-wareho...Read More

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China's silicon prices rose in Metal Bulletin's assessment last week despite limited trading activities in the spot market following the New Year holiday. China's grade 553 silicon metal, basis 98.5%, export price leapt to $1,880-1,950 per tonne on Friday January 5, up 4.4% from the previous assessment. Spot availability has been tightened since November when refineries in southern China clos...Read More

Turkish steel mills returned to the deep-sea scrap markets willing to pay higher prices on Monday January 8.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.20 per tonne cfr, up by $6.58 per tonne.The daily index for US-origin scrap closed at $378.85 per tonne cfr. Up by $9.34 per tonne, putting the premium for US material...Read More

Turkish domestic scrap prices increased in line with rising imported scrap values on Monday January 8.The majority of Turkish steel producers raised their auto bundle (DKP grade) scrap purchasing prices over the past week.Alloy long steel mill Asil ??elik raised its buy price to TRY1,370 ($366) per tonne delivered, while long and flat steel producer ??olakoglu increased its price to TRY1,340...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Benton (TSXV: $BEX.V) Receives Permit for Airborne Survey on the GNP Gold Project, Newfoundland Thunder Bay, Ontario - January 8, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to...Read More