China's rebar prices moved up in both the domestic and export markets on Monday June 8 amid rising concerns over iron ore supply from Brazil's Vale.Domestic Eastern China (Shanghai): 3,630-3,660 yuan ($512-516) per tonne, up by 30 yuan per tonneSpot rebar prices built on the early-hour gains of rebar and iron ore futures in response to news of Vale's Itabira mining operations being suspended towar...Read More
Base metals prices were mixed this morning, Monday June 8, after a positive performance on Friday following the surprisingly strong employment report in the United States.Asian-Pacific equities, although stronger this morning, were not up by the same extent as western equity indices were on Friday. China's exports rose by just 1.4% year on year in May after rising by 8.2% in April. Imports fell by...Read More
Vale is maintaining its iron ore fines production guidance for 2020 despite suspending operations at its Itabira mining complex from Friday June 5 to support the fight against Covid-19, it said over the weekend.Its iron ore fines production guidance of 310-330 million tonnes in 2020 will remain unchanged because the loss of 15 million tonnes due to the Covid-19 pandemic has already been considered...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More
Bearish sentiment strengthened in China's silicon export market after plants in southern China gradually restarted operations amid a weak overseas demand, sources said.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,370-1,430 per tonne on Friday June 5, down by $20 per tonne (1.4%) from $1,390-1,450 per tonne a week earlier. China's silicon export price stre...Read More
Spot cobalt hydroxide payables came off their recent highs during the second half of last week with consumers having completed the bulk of their recent restocking drive. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-66.5% of the standard-grade metal price (low-end) on Friday June 5, narrowing downward from 65-67% on June 3."Everyone is taking a pause to take th...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. (Due to a technical error, the new price for...Read More
Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Cap, a company founded in China a decade ago that usually targets overvalued media and tech companies for short-selling, said the...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has denied claims that it sought to unlawfully export gold from the Porgera mine in Papua New Guinea that it jointly owns with China's Zijin Mining.On June 5, Papua New Guinea's mining regulator accused Barrick Niugini - the operator of the mine - of seeking to illegally export US$13 million in silver and gold to Australia. The country's Mineral Resources Author...Read More
With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with a $50-million sale of rough diamonds to a company owned by its largest shareholder.The first $22 million worth of diamonds is expected to be sold on June 11 to Dunebridge Worldwide after a binding agreement between...Read More
Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production and reduce energy use.The Vancouver-based miner, which kicked off commercial production at Lamaque last year, said the fully permitted decline project will connect the Sigma mill and the 405 metre level...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesBut even as the COVID-19 pandemic stirs concern about a potential impact on the production of aluminium metal and its precursor, alumina, in...Read More
On the day that NBER announces the US Economy officially entered recession in February, S&P scrambled green year-to-date...Read full newsRead More
Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel's facility in Norilsk.Read full newsRead More
Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More
The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More
Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More
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Adamera Minerals Corp. and Hochschild Mining PLC are pleased to aRead full newsRead More