Recent News

Mexican ferrous scrap prices stable; market muted by virus concerns, currency moves

March 18, 2020 / www.metalbulletin.com

Ferrous scrap prices in the Mexican domestic market were unchanged in the week ended Friday March 13 amid growing uncertainty in raw material markets due to the novel coronavirus (2019-nCoV) outbreak and a massive devaluation of Mexico's currency.Prices were reported at stable levels last week, with market participants trying to anticipate the direction prices will take in the coming days."We will...Read More

COKING COAL DAILY: Prices steady but impact of 2019-nCoV outbreak now being felt in Mongolia, Mozambique

March 18, 2020 / www.metalbulletin.com

Seaborne coking coal prices remained largely stable on Tuesday March 17, amid subdued trading activity. Fastmarkets indicesPremium hard coking coal, fob DBCT: $163.74 per tonne, up $0.69 per tonnePremium hard coking coal, cfr Jingtang: $167.70 per tonne, up $0.93 per tonne.Hard coking coal, fob DBCT: $146.01 per tonne, unchangedHard coking coal, cfr Jingtang: $152.50 per t...Read More

IRON ORE DAILY: Steely edge for the steelmaking raw material

March 18, 2020 / www.metalbulletin.com

Seaborne iron ore prices moved up on Tuesday March 17 with market participants highlighting rebar and iron ore as the star performers in China, with physical iron ore prices performing strongly during the day.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.20 per tonne, up $0.32 per tonne 62% Fe low-alumina fines, cfr Qingdao: $92.39 per tonne, up $0.25 per tone58% Fe fines high-grade...Read More

PRICING NOTICE: Delayed publication of China domestic coking coal price

March 18, 2020 / www.metalbulletin.com

The publication of Fastmarkets China Domestic Coking Coal price estimate for Monday March 16 was delayed due to an administrative error.The Fastmarkets pricing database, MInD, has since been updated. Below are the details of the price.Price name: MB-COA-0001 Hard coking coal domestic China spot market, Shanxi-origin, delivered TangshanQuality:Volatile matter: 75Y value: >16Ash: <=11.5Sulfur:...Read More

LME to close London ring trading, primes full electronic trading for next week

March 18, 2020 / www.metalbulletin.com

The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United Kingdom's current directives restricting the movement of people in a bid to stop the spread of the Covid-19 coronavirus (2019-nCoV) remain in place."If current trends continue, the LME anticipates that it will temporarily move to fully electronic pricing on Monday 23 March...Read More

LIVE FUTURES REPORT 17/03: Fresh 43kt inflow caps LME copper price below $5,300/t; risk-aversion dominates

March 18, 2020 / www.metalbulletin.com

The three-month copper price on the London Metal Exchange was lower during morning trading on Tuesday March 17, with its price action consolidating at 2016-lows amid a fresh 42,900-tonne inflow, while nickel futures similarly failed to gather momentum across Asian trading hours. Copper's outright price on the LME was recently seen at $5,237 per tonne, a drop of 0.8% against Monday's closing price...Read More

MORNING VIEW: Metals prices consolidate, volatility likely to dominate

March 18, 2020 / www.metalbulletin.com

After a drop of 12.93% in the Dow Jones Industrial Average (DJIA) on Monday March 16, the futures in the pre-market are up by 4.96% this morning - close to the 5% limit.Three-month base metals prices on the London Metal Exchange were mixed, while those on the Shanghai Futures Exchange were down across the board, as they respond to Monday's 1.8% average drop in prices on the LME. Asian equity indic...Read More

LIVE FUTURES REPORT 17/03: SHFE base metals prices broadly down on elevated risk aversion; Pb down 1.7%

March 18, 2020 / www.metalbulletin.com

With the exception of that for zinc and nickel, base metals prices on the Shanghai Futures Exchange were down at the close of morning trading on Tuesday March 17, with the complex taking its cue from weakness in global equity markets.Equities in the United States were down heavily overnight - reflecting fears among investors that the measures taken by US Federal Reserve may not be enough to preven...Read More

Newmont 'ramps down' Yanacocha mine while Peru restricts travel

March 18, 2020 / www.metalbulletin.com

Newmont will "ramp down" mining at its Yanacocha asset in Peru after the country moved to restrict travel amid global contagion over the Covid-19 coronavirus (2019-nCoV) spread, it said.Gold production from leeching will continue but mining ore will cease, the company said. Yanacocha produces significant amounts of copper, zinc and lead concentrates as a byproduct...Read More

Stainless steelmaker Terni resumes production after sanitization shutdown

March 18, 2020 / www.metalbulletin.com

Italian stainless steelmaker Acciai Speciali Terni has resumed production following a three-day shutdown linked to the outbreak of 2019-nCoV coronavirus, a company spokesman said on Tuesday March 17.The mill, which produces flat and tubular stainless steel products in Terni in central Italy, was closed on March 14-15 for "sanitization of all departments," the spokesman said. It remained...Read More

Tommy Sotomayor's Podcast Radio Episode 1!

March 18, 2020 / www.youtube.com

https://streamyard.com/5bwmyj8yigClick Here To Join That Page https://www.youtube.com/watch?v=o2dbq...CLICK HERE TO SEE THE FULL VIDEO AS WELL AS OTHER CONTENT! https://tjskoc.com/1on1wjassyg/BUY THE MOVIE NOW AT https://www.afatherlessamerica.comCLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.tjskoc.com/preordertickets/donate at...Read More

2 Gold Stocks Surpassing Pre-Market Crash Levels

March 18, 2020 / www.fool.ca

Analysts have been saying it for practically a year. With the possibility of a recession on the way, gold is one of the safest places that investors can put their money.During the past year alone, the price of gold has sky rocketed, but investors were disappointed to see that during that time gold prices remained steady, but weren’t all that exciting.Until recently.With the COVID-19 pandemic...Read More

Rio halts Kennecott operations after earthquake

March 18, 2020 / www.mining.com

Kennecott mine. (Image: Kennecott Rio Tinto.) Rio Tinto's Kennecott copper mine near Salt Lake City, Utah, was impacted Wednesday as a result of a 5.7-magnitude earthquake close to the town of Magna. According to the company, all employees have been safely accounted for and evacuated from the potential risk areas. Rio has identified limited damage to the operation or risk to the surrounding comm...Read More

BTU continues to hit VMS-style mineralization at Dixie Halo

March 18, 2020 / www.mining.com

Red Lake District, northwestern Ontario, Canada. Photo by P199, Wikimedia Commons Drilling at BTU Metals' 197-sq.-km Dixie Halo project in Ontario returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole BTU-19-25 reported in the most recent release includes a 173-metre interval grading 0.35% copper...Read More

Seequent's Target for ArcGIS Pro wins 2020 Esri Partner award

March 18, 2020 / www.mining.com

Seequent has received a 2020 Esri Partner Award, 'Analytics to Insights', for its Target for ArcGIS Pro tool, which enhances the integration of mining and exploration data. Esri provides geographic information system (GIS) mapping software and spatial data analytics for various sectors. Esri provides geographic information system (GIS) mapping software and spatial data analytics for variou...Read More

First Cobalt says refinery expansion study in final stages

March 18, 2020 / www.mining.com

The First Cobalt Refinery is located in Ontario, Canada. (Image courtesy of First Cobalt) The feasibility study for an expansion of First Cobalt's (TSX-V:FCC) refinery is in the final stages and is expected to be concluded in the coming weeks, the company said in its latest update.In September 2019, First Cobalt commenced engineering studies, including an interim scenario for restarting the refin...Read More

Copper price meltdown sinks mining stocks

March 18, 2020 / www.mining.com

Image: CBC Youtube screengrab. The decline in the copper price accelerated on Wednesday as pandemic fears grip global markets and mining companies announce a raft of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to $2.111 a pound ($4,650 a tonne), the weakest level since early October 2016. The copper price is now down more than 25% from...Read More

NB welches on SilverCrest bought deal

March 18, 2020 / www.mining-journal.com

National Bank advised SilverCrest the reason for the purported termination was based on the "disaster out" clause of the financing agreement due to the subsequent sharp decline in the explorationRead More

Cheap oil is a blessing and a curse for miners

March 18, 2020 / www.mining-journal.com

Under normal circumstances no-one in mining would complain about discounted diesel in the pits, or lower energy costs for processing plants, but these are far from normal times.Read More

Miners form hydrogen consortium

March 18, 2020 / www.mining-journal.com

The main aim of the consortium is to collectively help to eliminate the obstacles to the adoption of green hydrogen technologies and encourage innovative application.The goal is to identify opportunities to develop green hydrogen technologies for the resources sector and other heavy industries, and provide a mechanism for suppliers and operators to contribute to and engage with these development a...Read More

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