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

Turkish steel mills ended the week with no deep-sea scrap bookings amid poor demand for finished products in the domestic and export markets as well as concerns over Asian steel markets, sources said on Friday November 30.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of last week, steel mills in Turkey stepped out of the deep-sea scrap markets.Those...Read More

Prices for light iron scrap in the United Kingdom went down this week by ?10 ($13) per tonne because of softer export prices, sources told Fastmarkets on Friday November 30.The move followed a drop in European export prices to the major destination of Turkey, whose steel mills have been battling tough competition in the Asian markets, as well as a domestic slowdown.Prices in other key European ex...Read More

Seaborne iron ore prices weakened on Friday November 30 with market participants remaining cautious in their trading activity.MB 62% Fe Iron Ore Index: $65.95 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.22 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $68.76 per tonne cfr Qingdao, down by $0.54 per tonne.MB 58% Fe P...Read More

Base metal stocks on the Shanghai Futures Exchange were broadly lower week on week on Friday November 30, with zinc stocks hitting a fresh nine-year low. Deliverable zinc stocks at SHFE-approved warehouses dropped 8,673 tonnes or 24.5% from November 23 to 26,779 tonnes. This week, R&S Logistics in Shanghai saw the most stock leaving its sheds - 4,100 tonnes of the metal was delivered out of t...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday November 30*Copper -$183.58 (-1,277.60 yuan) Aluminium -$453.52 (-3,156.20 yuan) Zinc -$93.99 (-654.12 yuan) Nickel $475.89 (3,311.87 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Key data from the Friday November 30 pricing session in London. Key drivers - The gallium price reached its lowest since January 2018, reflecting oversupply, with buyers remaining on the sidelines of the market amid bearish sentiment. The picture has changed after the price firmed in September - it was at $200-215...Read More

Fastmarkets MB will change the names of its benchmark in-warehouse Rotterdam price assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under the names 'low-grade' and 'high grade' will be Friday December 28. Prices will be published under thei...Read More

The following Fastmarkets minor metals prices changed on Friday November 30:Minor metals Antimony MB free market regulus, $/tonne: $7,900-8,100 per tonne from $8,000-8,200Chromium MB free market alumino-thermic, $/tonne: $10,450-10,700 per tonne from $10,700-11,100Cobalt MB free market high grade, $/lb: $31.80-32.60 per lb from $32.40-33.35Cobalt MB...Read More

The domestic markets for indium, bismuth and germanium in China have been staging a recovery this year, delegates to this week's 2018 Chinese Minor Metals Forum in Kunming were told.This recovery was supported by supply disruptions arising from environmental inspections of production units, producers' low profit margins and an uptick in demand, speakers said on Wednesday November 28.Indium support...Read More

Since it kicked off this year's 32,500-metre drill program in March, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has continued drilling at the Colomac and Grizzly Bear gold deposits, which, along with its Goldcrest gold deposit, make up the Colomac project's inferred resource of 2.61 million contained oz. gold in 50.3 million tonnes grading 1.62 grams gold per tonne.But the company has also spent a l...Read More

Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has completed its first drill campaign on its Douay gold project in Quebec since assembling a technical committee and exploration team a year ago. The company drilled 22,600 metres and extended mineralization within the deposit area, and discovered new gold zones.Nearly three-quarters of the drill program was within or near the known 6 by 1.8 km resource...Read More

Despite its best efforts, the "most likely scenario" is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) says.While the company has extended the life of its 777 mine from 2019 to 2021, the memo notes, its efforts to find new sources of ore from 777 "did not turn out as we hoped."That means that the Flin Flon mill...Read More

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 30:Aluminium scrapFloated Frag: ?,?1,050-1,100 per tonne from ?,?1,020-1,070Cast: ?,?950-1,000 per...Read More

Asian ferrous scrap prices are still falling in the face of weak demand and a bearish outlook in the region.Both Taiwan's containerized and Vietnam's bulk import prices were lower, with most buyers keeping away from purchasing in those markets due to their bearish outlook on the scrap and carbon steel markets.There was some purchasing from South Korea, which had booked Japanese, Russian and Americ...Read More

Excelsior Mining (TSX: MIN) (OTCQX: EXMGF) has closed a $75 million project financing package with Triple Flag Mining Finance Bermuda for $65 million copper metal stream and $10 million private placement of common shares of Excelsior.With the financing, Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year, the company announced in a press r...Read More

Aurania Resources' (TSXV: ARU) exploration team announced the discovery of silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead in its Lost Cities - Cutucu project in Ecuador.In a media statement, the Toronto-based miner said that the discovery was made between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone.Accor...Read More

* New plant to be built in Morowali nickel industry complex* Indonesia to become "main player" in lithium batteries* Well positioned to meet nickel, cobalt demand for EVs* Minister says Indonesia will "control world market" (Adds quotes, detail)JAKARTA - Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Coordinating Maritime Min...Read More

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