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.Read More

Chinese magnesium market participants which have strong capital resources have become the "middlemen" between domestic producers and exporters over the past few months, Fastmarkets has learned.Sources reported that such "middlemen" procured magnesium from producers, thus reducing plants' stocks and pushing up prices, and then sold the material to exporters which needed to fulfil overseas contracts...Read More

Privately held U.S. explorer-developer Arizona Sonoran Copper Company (formerly Elim Mining) is completing a preliminary economic assessment (PEA) on its Cactus porphyry copper project in Arizona before year-end, recently installed president and CEO George Ogilvie tells The Northern Miner.The company is working to reactivate the brownfields copper deposit in the shortest possible timeframe. In con...Read More

Chesapeake Gold (TSXV: CKG) has done for the Metates project in Durango, Mexico - one of the world's largest undeveloped gold-silver projects - what others before it could not. CEO and director Alan Pangbourne tells The Northern Miner that the company has cracked the code to undertake the heap leach processing of sulphide material that ultimately has the potential for Chesapeake to disrupt and enh...Read More

China Molybdenum will invest $2.51 billion into expanding copper and cobalt production at the Tenke Fungurume mine (TFM) in the Democratic Republic of Congo (DRC), the company said on August 7 in a filing to the Shanghai Stock Exchange.The new investment, which includes three ore production lines with an annual processing capacity of 12.4 million tonnes, will expand its annual copper output by 200...Read More

Key data from Fastmarkets' pricing session in Shanghai on Friday August 6.Key drivers China's domestic bismuth price ticked up with deals concluded within the assessed range. Demand from downstream industries was limited, while participants' purchases...Read More

KoBold Metals, a start-up backed by a coalition of billionaires including Microsoft co-founder Bill Gates and Amazon's founder and executive chairman Jeff Bezos, has partnered with Britain's Bluejay Mining (LSE: JAY; US-OTC: BLLYF) to explore for critical materials used in electric vehicles (EVs) in Greenland. KoBold, which uses artificial intelligence and machine learning to help find key minera...Read More

Euro Sun Mining (TSX: ESM) says it plans to float on the London Stock Exchange later this year, likely in September, as it looks to fund the first phase of its Rovina Valley copper-gold project in Romania. The junior, the first non-state-owned entity to receive a ratified mining licence in the European country, said a London IPO would raise its profile in the United Kingdom and global investmen...Read More

The S&P/TSX Composite Index rose 0.93% to finish the August 2-6 trading week at 20,475.40. The Global Mining Index fell 2.64% and the S&P/TSX Global Base Metals Index dropped 1.11%. The S&P/TSX Global Gold Index lost 4.42% to 295.18 and spot gold fell US$50.70 to US$1,763.10 per ounce.Nutrien jumped 56 ? to $74.74 per share. The company announced that it had signed a collaboration agreement with E...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannCracks in the iron ore market, which first appeared last month, have widened alarmingly with the price of the steel-mak...Read More

The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 during the Aug. 2-6 trading week and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot gold fell US$50.70 to US$1,763.10 per ounce.Intrepid Potash posted the biggest gain - climbing US$4.00 per share to US$34.30 per share. The company reported second-quarter net income of US$19.5 million, or US$1.46 per share, a gro...Read More

The S&P/TSX Venture Composite Index rose 0.02 points or 0.002% in the August 2-6 trading week. Spot gold fell US$50.70 to US$1,763.10 per ounce.Shares of Filo Mining jumped $1.02 to $10.89. The junior reported drill results from its 100%-owned Filo del Sol project in Argentina's San Juan province. Drillhole FSDH049 returned 425.3 metres grading 91.5 grams silver per tonne, 0.42% copper and 0.44 gr...Read More

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More

The owner of an inactive southwestern Colorado mine that was the source of a disastrous 2015 spill that fouled rivers in three Western states has sued the U.S. government, seeking nearly $3.8 million in compensation for using his land in its cleanup.Read full newsRead More

Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More

The idea of extraterrestrial mining has been around for more than a century. In the 1898 landmark sci-fi novel Edison's Conquest of Mars, Garrett Serviss' main characters come across aliens mining an asteroid made of solid gold.And for decades since, science fiction writers have used asteroid and moon mining as plot devices - from the golden-age sci-fi greats like Isaac Asimov and Richard Heinlein...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 10 that are worth another look.Germany's Thyssenkrupp ended force majeure at its Steel Europe division on August 6, the company's spokesperson told Fastmarkets on August 10.If any member was going...Read More

Global aluminium premiums were supported across the globe by insufficient supply, strong demand and rising freight rates, although market illiquidity kept Asian and Brazilian markets static during the week to Tuesday August 10.US Midwest market sets another record high on tight supplyRotterdam premiums hold at all-time high amid strong fundamentalsJapanese, South Korean premiums unchanged due to s...Read More

Tin's three-month price reached a new all-time high of $35,300 per tonne on the London Metal Exchange, with continued tightness continuing to grip the market, while the rest of the complex rose by an average of 1.3% on Tuesday August 10. Tin's three-month price has increased by around 9.5% in the last month, having had an intraday high of $32,250 per tonne on July 12. Around 470 lots of tin h...Read More

The persistent logistics disruptions brought about by the Covid-19 pandemic have forced traders and buyers to rearrange their supply chains, and to change packaging and delivery destinations, while the continuing container crisis has pushed the US freight regulator to investigate the situation.The commodity world is facing logistics problems arising from the global container shortage. Additional p...Read More