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FOCUS: Intergrade price spread for iron ore collapses amid surging volatility

August 25, 2021 / www.metalbulletin.com

The spread between prices for 65% Fe iron ore and 62% Fe products have narrowed rapidly in recent weeks due to the former weakening at a faster pace than the latter.This has resulted in a mixed long-term outlook for high-grade fines, market sources told Fastmarkets.Narrowing spreadAs hints of the central Chinese government's intention of keeping this year's output from exceeding last year's began...Read More

CHINA HRC: Futures surge pushes domestic spot prices up

August 25, 2021 / www.metalbulletin.com

Prices of hot-rolled coil in China's domestic market rose for the third straight day on Tuesday August 24 following a surge in futures while the Shanghai Futures Exchange ferrous complex rose.DomesticEastern China (Shanghai): 5,710-5,720 yuan ($881-883) per tonne, up by 20-50 yuan per tonneThe most-traded HRC contract on the SHFE surged by 140 yuan per tonne on Tuesday from the previous day's clos...Read More

CHINA REBAR: Prices rise further but buying interest drops

August 25, 2021 / www.metalbulletin.com

China's domestic rebar market continued to push upward on Tuesday August 24, but the higher prices are weighing on buying interest. DomesticEastern China (Shanghai): 5,200-5,230 yuan ($802-807) per tonne, up by 60-70 yuan per tonneSpot prices rode the surge in the rebar futures market during the day, though this resulted in a slight drop in demand, sources said.Trading companies that actively...Read More

LIVE FUTURES 24/08: LME prices rise slightly, cancellations of copper, zinc, tin continue

August 25, 2021 / www.metalbulletin.com

London Metal Exchange future contracts for tin and zinc had the most prominent increases on the morning of Tuesday August 23, after a small rally on Monday in which copper, aluminium and nickel rose over 2%; cancellations in LME warehouses continued for some metals.Following a 14,475-tonne cancellation on Monday, a further 9,000 tonnes of copper were cancelled in Busan (6,575 tonnes), Singapore (2...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

August 25, 2021 / www.metalbulletin.com

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...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

August 25, 2021 / www.metalbulletin.com

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,...Read More

Fortescue best positioned to weather industry disruption - report

August 24, 2021 / www.northernminer.com

Fortescue Metals (ASX: FMG) leads in an Australia-heavy Top 10 listing of companies based on leadership in 10 areas that matter the most to the mining sector, GlobalData says in a news release.The company, the fourth biggest iron ore producer globally, is the mining company best positioned to take advantage of future disruption in the industry, according to GlobalData analysts.The scores are based...Read More

Higher metal prices to push exploration budgets up in 2022, says S&P Global

August 24, 2021 / www.northernminer.com

S&P Global Market Intelligence's pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference.The increase is not as significant as in previous years, as a projected moderate softening of most metal prices from current levels weigh on the outlook."From 2023 to 2025, we expect budgets to pull b...Read More

The Northern Miner Podcast - episode 253: Mining industry 'fragmented', Canada to play 'increasing part' at Barrick, ft president and CEO Mark Bristow

August 24, 2021 / www.northernminer.com

This week's episode features Barrick Gold's Q2 conference call with president and CEO Mark Bristow, who discusses the undeveloped potential of Nevada, the company dividend, the use of electrical vehicles in mines, the increasing importance of Canada as a mining jurisdiction, and the return to Pascua Lama. He also highlights the company's ESG credentials, new forays into Egypt, and the importance o...Read More

A Rio Tinto-sized opportunity beckons for American Pacific Mining at Madison

August 24, 2021 / www.northernminer.com

Canadian junior American Pacific Mining (CSE: USGD; US-OTC: USGDF) and joint-venture partner Rio Tinto (NYSE: RIO; BHP: RIO; ASX: RIO) are rapidly delineating a new resource estimate for the Madison copper-gold project in Montana, CEO Warwick Smith tells The Northern Miner. This year mark's Rio Tinto's third drill campaign at the project."Recent results have returned incredibly high-grade gold and...Read More

Blair Athol coal mine life extended by 10 years

August 24, 2021 / www.northernminer.com

Australian coal producer TerraCom (ASX: TER) has extended the life of its Blair Athol coal mine in Queensland's Bowen Basin by about 10 years, following a reserves update. As of June 30, 2021, the mine's marketable reserves totaled 19.5 million tonnes, TerraComm said. Based on a sales profile of two million tonnes per year, the company estimates that Blair Athol will run for another decade,...Read More

Rio Tinto, Sumitomo to assess hydrogen plant at Yarwun refinery

August 24, 2021 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Sumitomo Corp. announced today that they will jointly study the construction of a hydrogen pilot plant at Rio Tinto's Yarwun alumina refinery in Gladstone, Australia. Sumitomo had been carrying out studies already into building a hydrogen plant, but hadn't chosen a location. Rio Tinto, in turn, recently started a feasibility study into replacing na...Read More

Hedge funds' bullishness on oil ebbs away: Kemp #OOTT

August 24, 2021 / reut.rs

Hedge funds sold petroleum for the seventh time in nine weeks, as rising coronavirus infections in the major oil-consuming markets dampened hopes for an early resumption of long-haul passenger aviation.Read full newsRead More

Chinese iron ore miner to invest $164 million in #lithium production

August 24, 2021 / reut.rs

Chinese iron ore miner Hainan Mining Co Ltd said on Monday it would invest 1.065 billion yuan ($164 million) in a plant to make battery-grade lithium hydroxide as it looks to cash in on booming demand in the electric vehicle (EV) sector.Read full newsRead More

RT @AffinorGrowers: Almost time to shine!

August 24, 2021 / www.globenewswire.com

VANCOUVER, British Columbia, Aug.23, 2021(GLOBE NEWSWIRE) -- Affinor Growers Inc. ("Affinor" or the "Company") (CSE: AFI OTCQB: RSSFF) has cancelled...Read full newsRead More

Navarre hits visible gold near historical St Arnaud mine workings

August 25, 2021 / dlvr.it

Navarre Minerals' first diamond drilling at the historical St Arnaud Goldfield in Victoria is off to a rousing start with the intersection of visible gold.Read full newsRead More

A controversial gold mine could come to Fremont County, residents speaking out

August 25, 2021 / dlvr.it

savefremontcounty.org is a new website dedicated to fighting against the possibility of a gold mine being built near Ca??on CityRead full newsRead More

Navarre hits visible gold near historical St Arnaud mine workings

August 24, 2021 / dlvr.it

Navarre Minerals' first diamond drilling at the historical St Arnaud Goldfield in Victoria is off to a rousing start with the intersection of visible gold.Read full newsRead More

.@Laurion_LME $LME.V Channel Sampling on the A-Zone Identifies High Grade Polymetallic Mineralization

August 24, 2021 / bit.ly

Laurion Mineral Exploration Inc. is pleased to announce the resuRead full newsRead More

Gold Stocks and Market Volatility: When Should You Invest?

August 25, 2021 / www.fool.ca

One of the most controversial areas of the market will always be precious metals. We’ve been speculating, hoarding, and selling gold and other metals since we first started extracting them. And whenever there’s the slightest sign of volatility in the market, investors will flock back to gold stocks.You may not see it, but there’s still plenty of volatilityFollowing the pandemic-f...Read More

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