Tin set a new year-to-date high on the London Metal Exchange on the morning of Tuesday June 13, while the rest of the complex edged upwards too, with macroeconomic factors and a new wave of Covid-19 hitting metal-producing countries supporting higher prices.Tin reached $32,285 per tonne during early trading, before trimming back to $32,135 per tonne at 9am, but still higher than Monday's closing p...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...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...Read More
The manganese flake price has been on the rise since May 2021 due to tight availability in the spot market and strong demand from both the steel industry and the renewable energy automobile industry, sources told Fastmarkets.Fastmarkets' price assessment for 99.7% electrolytic manganese flake basis, fob, China rose to $2,800-2,850 per tonne on July 9, up by 3.70% from $2,700-2,750 per tonne o...Read More
Chinese automobile production and sales continued to decline in June - both month on month and year on year - amid a sustained global shortage of semiconductors, the China Association of Automobile Manufacturers (CAAM) said last week.But the new energy vehicle (NEV) segment continued to strengthen last month, with sales notching a new record high.China's NEV output increased by 14.3% from May to 2...Read More
An international consortium plans to build what would be the world's biggest renewable energy hub along the south coast of Western Australia.The Western Green Energy Hub (WGEH) would stretch across 15,000 square km, an area bigger than the size of greater Sydney, and could produce up to 50 gigawatts of energy. The A$100 billion (US$75 billion) project would also convert wind and solar power into g...Read More
The Toronto-quoted equity of Pure Gold Mining (TSXV: PGM) rose more than 7% early Tuesday trading after the company reported strong second-quarter production, underground drilling success and the potential for accelerated development of the 8 Zone.The flagship PureGold mine in Red Lake, Ontario, averaged daily throughput at 509 tonnes per day for the June quarter and 577 tonnes per day for June.Th...Read More
Stainless steel sheet prices in the United States rose in June due to rising surcharges and increasingly tight supply.Fastmarkets' monthly price assessment for stainless steel 304 cold-rolled sheet, fob mill US was $171.75 per hundredweight ($3,435 per short ton) on Monday July 12, up 2.08% from $168.25 per cwt on June 10 and up 7.34% from $160 per cwt on May 10.The assessment for stainless s...Read More
This week's episode features the Manitoba Thought Leadership panel at the Global Mining Symposium. The all-star event included the Honourable Blaine Pedersen, Minister of Agriculture and Resource Development, Government of Manitoba; Don McCallum, Councillor from Treaty 5 Territory; Felix Lee, President & CEO, Willeson Metals Corp / Past President PDAC; Scott Parsons, VP Exploration, Alamos Gold; a...Read More
Liberty Gold (TSX: LGD; US-OTC; LGDTF) has released the first resource estimate for its 100%-owned Black Pine gold project in south-eastern Idaho, about 29 km northwest of the town of Snowville.The project contains 105.1 million indicated tonnes grading 0.51 gram gold per tonne for 1.7 million oz. of gold and inferred resources of 31.2 million tonnes averaging 0.37 gram gold for 370,000 ounces. T...Read More
Researchers at the University of Arizona are working to clean up acid mine drainage that contains substantial amounts of heavy metals like arsenic and lead by sequestering the chemicals in biochar crystals.The research team is working to reclaim landscapes impacted by mining waste to create a more sustainable industry. Its researchers recently published findings on how reducing environmental impac...Read More
AngloGold Ashanti (NYSE: AU), which currently holds a 19.5% indirect interest in Corvus Gold (?EUR
Lundin Gold (TSX: LUG) has reported record gold production for the second quarter of 2021, only sixteen months after its Fruta del Norte gold-silver mine in Ecuador, the country's largest, kicked off commercial operations.The Vancouver-based miner delivered 108,799 ounces of gold in the three months to June 30, of which 66,721 ounces were produced as a concentrate and 42,078 ounces as dor?(C).Th...Read More
South Africa's Petra Diamonds (LSE: PDL) has fetched US$40.2 million for a 39.34-carat blue diamond it recovered at its iconic Cullinan mine in April, the company's highest price ever for a single stone.It means the buyer, a partnership between diamond giant De Beers and Diacore, paid US$1,021,357 per carat."This new milestone for Petra follows the sale of the 299 carat Type IIa white diamond in...Read More
Increasing scrap usage was deemed to be a key step the road map of decarbonization of Chinese steel industry, Li Xinchuang, the Vice Chairman of China Iron & Steel Association (Cisa) said on Tuesday July 13."It is important that we increase supply of scrap in the local market. We expect the share of electric-arc furnaces (EAFs) in Chinese steelmaking to increase from 10% to more than 15% in 2025,"...Read More
The Dow Jones Industrial Average rose 0.24% to finish the week at 34,870.16 and the S&P 500 climbed 0.40% to 4,369.55. Spot gold rose by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce. Rio Tinto climbed US$2.36 to US$85.99 per share. Rio Tinto and POSCO, South Korea's largest steel producer, have inked a memorandum of understanding to jointly explore, develop, and demonstrate technologies...Read More
The S&P/TSX Venture Composite Index dropped 3.09% to finish the trading week at 938.47. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per ounce.Rupert Resources climbed 31 ? to $5.49. The company released drill results from the Heina South prospect at its 100%-owned Pahtavaara project in Finland, about 1,200 km north of Helsinki. Highlights included drillhole 121015, which in...Read More
The S&P/TSX Composite Index rose 0.16% to 20,257.95 during the July 5-9 trading week. The S&P/TSX Global Mining Index climbed 2.24% to 109.76, and the S&P/TSX Global Base Metals Index jumped 2.43% to 173.35. Spot gold increased by US$20.60 per oz., or 1.15%, to US$1,807.90 per oz., and the S&P/TSX Global Gold Index advanced 0.89% to 299.71.Gatos Silver increased by $1.98 to $24.20 per share. The...Read More
Supply concerns are pushing up prices across the global nickel complex, as strike action at Vale's Sudbury mine in Ontario dents regional pellet availability and drives up competition for briquettes, while simmering concerns about Indonesia's latest Covid-19 lockdown push the LME three-month (3M) contract to its highest level since 25 February.Read full newsRead More
Great Thunder (CSE:GTG) has expanded its Bursey property by acquiring the Bursey East claims in NewfoundlandRead full newsRead More