Chinese buyer interest in the overseas blister copper spot market shrank in February due to the increased availability of lower-cost substitute material - scrap and ingots - in the domestic market.Refining charges (RCs) for 98-99% blister copper, cif China, were assessed at $160-170 per tonne for February - rising due to the increasing availability of overseas blister copper compared with January...Read More

Chinese import prices for high-grade heavy scrap (HS) have continued to increase, with a transaction concluded for a 3,000-tonne HS cargo from South Korea this week, sources said on March 2.One bulk cargo was sold into China at $495 per tonne cfr and was purchased by a trader who has backing from a steel mill, sources said.Another transaction was heard at $490 per tonne cfr China for 3,000 tonnes...Read More

The first deals for the supply of aluminium ingot to main Japanese ports (MJP) for the second quarter have been concluded at a premium of $149 per tonne cif MJP, market sources told Fastmarkets on Tuesday March 2.The first deal - at a premium of $149 per tonne to the London Metal Exchange cash price - was concluded between a producer and a Japanese trader for 500-1,000 tonnes per month from April...Read More

Chinese buyers paid higher prices for nickel ore and nickel pig iron (NPI) last week amid tight supply and costlier freight. Prices for 1.5% nickel ore rose to new highs amid the uptrend.Fastmarkets assessed the price of laterite ore with 1.5% Ni content, cif China at $78-81 per tonne last Friday February 26, up by $12-13 (18.7%) per tonne from $66-68 per tonne a week earlier. This is the highest...Read More

Fury Gold Mines (TSX: FURY; NYSE: FURY) has released assay results for the first five drillholes completed as part of a 25,000-metre program focused on expanding and upgrading the highest-grade lower eastern portion of the Eau Claire resource in the James Bay region in Quebec.Michael Henrichsen, Fury Gold's senior VP of exploration, said the latest results "meaningfully expand the high-grade resou...Read More

The last batch of infill results from Skeena Resources' (TSX: SKE) second-phase infill program at the past-producing Eskay Creek project in B.C.'s Golden Triangle includes long intervals of near-surface high-grade gold-silver mineralization.Latest results include assays for drillholes completed at the 21C and HW zones. Drill highlights from the 21C zone included 49 metres of 2.82 grams gold per to...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has spent over US$385 million (A$500 million) in the past year to continue developing the Greater Tom Price iron ore operations in Western Australia's Pilbara region.The world's second-largest iron ore producer kicked off the Western Turner Syncline Phase 2 expansion in early 2020 and intends to employ more than 1,000 people at peak construction.The cash i...Read More

Nighthawk Gold (TSX: NHK) has updated the mineral resources for its Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife. The latest numbers incorporate two-thirds of the drill assays from the 2020 exploration program (due to a delay in result turn-around times) and also include adjustments to economic parameters.Within the footprint of the Colomac Centre mineralized...Read More

This week's episode features IBK Capital president and CEO Michael F. White in conversation with Northern Miner group publisher Anthony Vaccaro at the Global Mining Symposium online conference. Michael describes how the junior mining sector has made a complete turnaround following the Covid-19 pandemic, and notes how the lack of exploration in the past decade will result in growing demand and...Read More

Buoyed by higher pricesRead full newsRead More

In northern Nevada, the gold mining industry has dominated for decades. Now Nevada lawmakers want to tap into that vein of wealth to ease the pandemic-induced budget crunch.Read full newsRead More

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals pricesRead full newsRead More

Comet Resources Limited (Comet or the Company) (ASX: CRL) is pleased to announce that it has contracted Airborne Geo Exploration Pty Ltd (AirGeoX) to complete an aeromagnetic survey of its Barraba Copper Project located in north-east NSW.Read full newsRead More

NV Gold Corporation is pleased to announce that the Company has cRead full newsRead More

Goldcore Resources Ltd. announces that the board of directors havRead full newsRead More

Outback Goldfields Corp . is pleased to announce the start of a lRead full newsRead More

It’s hard to like gold right now.The price of the precious metal continues to pinball around in an erratic, but mostly downward fashion. This comes despite numerous tailwinds that should have been very strong catalysts for gold in the near-term.Nonetheless, in this article, I’m going to dive into what I think investors should keep an eye on for gold, as well as my top pick in this sect...Read More

Over the last few decades, semiconductors have become more and more a part of everyday life. From computer chips, to cellphones, to electric vehicles and video games, they've become more integrated with your day to day than you may have realized. Something else you may or may not have noticed is the chip shortage that is currently underway. There is a massive push for more semiconductors.Also c...Read More

Well just like Gamestop and the Wallstreet Bets crowds beat a few hedge funds at their own game, the same Reddit mob and traders took on silver. That week they rallied some of the major silver producers like First Majestic TSX-FR and then started making a run on the metal itself. This rings music to the ears of both silver and gold bugs alike because silver being the smallest market in the world i...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More