Join Fastmarkets and the London Metal Exchange on Tuesday June 29 for a webinar about European aluminium premiums ahead of the launch of the LME's new cash-settled futures contract.The LME will launch its new European duty-paid aluminium premium cash-settled contract on July 19, which is settled against Fastmarkets' benchmark aluminium P1020A premium, in-whs dp Rotterdam.The LME previously la...Read More
Hot-rolled coil prices across China's domestic market continued to move lower on Tuesday June 22, while futures prices extended their decline, sources said.DomesticEastern China (Shanghai): 5,270-5,310 yuan ($815-821) per tonne, down by 90-120 yuan per tonne.The most-traded HRC contract on the Shanghai Futures Exchange slipped in morning trade, approaching a four-week low of 5,070 yuan per tonne i...Read More
China's domestic rebar prices tumbled further on Tuesday June 22 on weakening demand caused by falling futures.DomesticEastern China (Shanghai): 4,800-4,840 yuan ($743-749) per tonne, down by 80 yuan per tonne The October rebar futures contract traded below Monday's settlement price of 4,991 yuan per tonne throughout Tuesday, which kept the spot market bearish.Buyers booked limited quantities and...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 assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 20.85-21.50 on Tuesday June 22,...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 20.80-21.50 on Tuesday June 22,...Read More
Miners China Moly and IX Metal have joined Glencore and Huayou's Fair Cobalt Alliance (FCA), a body whose aim is to professionalize the artisanal mining sector in the global heartland of cobalt production - the Democratic Republic of Congo (DRC)."[Because we are] a large industrial miner that maintains strict product control and custody procedures, artisanal and small-scale mining [ASM] sits outsi...Read More
A summary of China's battery raw materials exports for May 2021.In brief Exports of cobalt tetroxide fell in May amid falling downstream demand for batteries used in consumer electronics outside of China as a result of a lack of semi-conductor chips and a resurgence...Read More
A summary of China's battery raw materials imports for May 2021.In brief Imports of cobalt intermediates declined from April amid logistical disruptions while buying appetite thinned compared with the first quarter due to falling downstream cobalt salts prices.Imports of cobalt metal slightly decreased on a month-on-month basis but almost doubled year on year, with cargoes booked via short-term co...Read More
The preliminary economic assessment for the Casino copper-gold-molybdenum project is positive, says owner Western Copper and Gold (TSX: WRN; NYSE: WRN). The PEA considered an open pit mine, a 120,000-tonne-per-day concentrator, and a 25,000tonne-per-day gold heap leach facility.The study forecast an after-tax net present value (at an 8% discount rate) of $2.3 billion and an after-tax internal rate...Read More
Nexus Gold (TSXV: NXS; US-OTC: NXXGF) has released the first assays from a recently completed diamond drill program at its 100%-owned Dakouli 2 gold project in central Burkina Faso, about 100 km north of the capital Ouagadougou.Highlights included drillhole DK-21-DD-001, which intersected 23 metres grading 0.95 gram gold per tonne starting from 112 metres, including 15 metres of 1.01 grams gold....Read More
Labrador Gold (TSXV: LAB; US-OTC: NKOSF) has reported the highest gold intercept to date at its Kingsway project in the central Newfoundland gold belt, about 18 km northwest of Gander.Drillhole K-21-17, a 30-metre step out to the northeast, intersected 1.85 metres grading 50.38 grams gold per tonne starting from 71.85 metres, including 0.55 metres of 160.42 grams gold.Drilled on the Big vein, K-...Read More
This week's episode features Ken Hoffman, senior expert for McKinsey's Basic Materials Institute (BMI), in conversation with Mining.com executive editor Frik Els at the Global Mining Symposium. Ken discusses the nickel market in-depth, and how battery makers, particularly in the West, are increasingly concerned about how they can secure a steady, ESG-friendly nickel supply over the coming decade.K...Read More
German carmaker BMW has set up a closed-loop material cycle for production tools made of tungsten, it said.Starting in June, BMW will begin collecting secondary tungsten obtained from old drill and milling bits at its plants in Germany and Austria that will be recycled and used to manufacture new industrial machinery.These BMW plants generate almost nine tonnes per year of scrap from carbide tools...Read More
A new strategic partnership on raw materials has been announced between Canada and the European Union. This follows the June 14 summit in Brussels between Ursula von der Leyen (President of the European Commission) and Canadian Prime Minister Justin Trudeau. The leaders also reaffirmed their ambitious commitments on fighting climate change and protecting the environment.The mining industry in Cana...Read More
Nutrien (TSX: NTR; NYSE: NTR), has decided to increase potash production by 500,000 tonnes this year on the back of newly imposed trade sanctions on Belarus.The boost, which will bring total annual sales volumes to 13.8 million tonnes, comes on top of the half a million tonne output increase the world's biggest fertilizer company announced on June 7.Western economies, including the European Union...Read More
Crag Hemke unravels the greatest trick the gold and silver industry ever pulled - one that has duped millions of traders and investors across the globe. The ...Read full newsRead More
EBITDA to fall 10% say analystsRead full newsRead More
Cobalt price now 50% higher than when Glencore decided to idle MutandaRead full newsRead More
Authorities warn against illegal miningRead full newsRead More
Junior mining company Star Diamond, which is involved in a legal wrangle with Rio Tinto Canada over a Saskatchewan project, says it has received a notice from the bigger company calling a meeting to seek approval of a proposed budget for the Star-Orion South project.According to Star Diamond, Rio Tinto Canada indicates that it has set a budget for June 2021 to March 2022 of C$17.8-million and that...Read More