Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
China's hot-rolled coil prices plunged in the afternoon of Tuesday March 9 following a slump in the iron market amid the country's enhanced efforts to rein in production in Tangshan city.DomesticEastern China (Shanghai): 4,850-4,960 yuan ($744-761) per tonne, down 20-100 yuan per tonneWhile sellers in the spot market secured some orders at 4,940-4,960 yuan per tonne in the morning, they had to cut...Read More
Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Shipments from Canada amounted to 3.96 million tonnes, up by 21% from a year earlier, according to data released on March 1 by the Port of Vancouver.China imported a total of 72.63 million tonnes of coking coal in 2020, down by 3% from 74.49...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday's move above $71 per barrelInf...Read More
More than a year after the Covid-19 pandemic began, investors' appetite in the battery raw materials sector has increased, moving away from precious metals such as gold, but it has yet to be seen if that interest will result in more supply, participants in a Fastmarkets webinar heard on Thursday March 4."What is an interesting dynamic is that, when Covid-19 came in, everyone looked to gold when cu...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 25.30-25.80 on...Read More
Chinese battery materials producer Xiamen Tungsten will temporarily suspend its lithium cobalt oxide (LCO) operations in late April, a source from the company told Fastmarkets on March 9.The suspension at Xiamen Tungsten's LCO battery material operation in Sanming City, Fujian province, will last over 10 days starting from late April...Read More
A diverse set of requirements from drivers of electric vehicles (EVs) will make for a "mixed bag" of battery chemistries employed by automakers, attendees at a Fastmarkets webinar heard on Thursday March 4. In a poll carried out during the webinar, "Europe's position in the battery supply chain," 27.72% of respondents said easy access to charging points was the foremost requirement for EV users in...Read More
March 2, 2021 - Brixton Metals Corporation. (TSX: BBB, OTCQB: BBBXF) is pleased to announce the signing of a USD$44.5 million definitive earn-in agreement dated February 26, 2021 (the "Earn-In Agreement") with a wholly-owned Montana subsidiary of High Power Exploration Inc. ("HPX"), a privately-owned mineral exploration and development company led by Chairman and CEO, Robert Friedland (see news re...Read More
February 1, 2021 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce further high-grade drill results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fall/winter program consists of 20,000m of drilling, of which 11,533.65m has been completed. Assay results for 4,881.05m has been...Read More
January 27, 2021 - Brixton Metals Corp. (TSX: BBB, OTCQB: BBBXF) is pleased to provide highlights of the results of its 2020 exploration activities and outlines its 2021 exploration plans to advance the district-scale Thorn Project in the Golden Triangle of BC, and its other wholly owned projects.2020 Highlights:Discovered porphyry Cu-Au-Ag-Mo mineralization at the Camp Creek Target, Thorn Project...Read More
The 89th annual Prospectors and Developers Association of Canada convention kicked off yesterday a little differently - in an online format thanks to the ongoing coronavirus pandemic.The highlight of Day 1 was a conversation on "profits with purpose" between Barrick Gold (TSX: ABX; NYSE: GOLD) president and CEO Mark Bristow and Evy Hambro, a managing director and global head of thematic and sector...Read More
January 18, 2021 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide the last batch of 2020 drilling results at its wholly owned Thorn Project, located in the Golden Triangle of Northwestern British Columbia.Highlights:Hole THN20-181 intercepted porphyry style mineralization returning 439.42m of 0.34% CuEq including, 278.42m of 0.43% CuEq, incl...Read More
Advocacy group Global Witness along with four other civil society organizations said today that the London Bullion Market Association's (LBMA) responsible sourcing program has failed to ensure that only responsibly-sourced gold, conflict-free and untainted by human rights abuses is traded worldwide."We had hoped that September's release of the LBMA's first annual Responsible Sourcing Report 2020...Read More
January 8, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the second round of drill results from its fall/winter exploration program at the Langis Mine Project located in the Cobalt Camp of Ontario. The assays for this round are from 14 holes totaling 1673.85m of NQ size core. Drill holes follow a fan-type array with depths ranging from 55m to 176...Read More
A preliminary economic assessment from Labrador Iron Mines Holdings (US-OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per year of material grading 62% iron.With a year-round mining rate of 5,500 tonnes per day, the material, after on-site crushing and screening, would be loaded onto trains, at 10,000 tonnes per day,...Read More
December 21, 2020 – Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed a second tranche of a non-brokered private placement of flow-through common shares of the Company for gross proceeds of C$504,000 (the “Private Placement“). Each flow-through share (a "FT Share") was issued at a price of C$0.36 and is com...Read More
This week's episode features a keynote presentation from the Global Mining Symposium with Paul Brink, president and CEO, Franco-Nevada, and Daniella Dimitrov, partner, Sprott Capital Partners, on the state of the mining industry and whether we are, in fact, heading into a new commodities super-cycle. The panel was moderated by Cecilia Jamasmie, senior editor, MINING.com.This week's Mining Minute...Read More
The Defense Logistics Agency (DLA) - a support arm of the United States Department of Defense - is offering two truckloads of weather-damaged tin for sale next month.The tin sale, the agency's first in more than a decade, is expected to generate strong interest among buyers who can no longer keep manufacturing without the metal amid a shortage in the US, and who hope for more from the DLA.The tin...Read More
Billionaire Robert Friedland-backed High Power Exploration (HPX) said on March 8 that it had raised US$200 million for its proposed Nimba iron ore mine in southeastern Guinea, home to some of the world's highest-grade deposits, including the giant Simandou.The funds received will enable the Canadian company to fast-track development of the project, which is expected to produce an initial 15 milli...Read More