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| 15 Aug 2008 | Iron & Steel | ► | Fall in nickel may bring down steel prices by 7% Indian stainless steel makers including Jindal Stainless, Mukand Steel and Shah Alloys are looking at reducing prices by up to 5-7 per cent in the coming months in the wake of falling nickel prices... more ► |
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| NMDC gains 3% on iron ore pact with Rio Tinto Shares of NMDC rose as much as 3 per cent after the firm said it will sign a memorandum of understanding with global miner, Rio Tinto on August 18 to prospect for iron ore... more ► |
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| Stainless Steel | ► | POSCO says to cut stainless steel prices by 10% Posco, the world's No.4 steelmaker, said on Tuesday it would cut stainless steel prices by up to 10 percent, reversing two earlier price hikes this year, as prices of nickel, a key input in the... more ► |
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| Carbon Steel | ► | ArcelorMittal to invest US$1.6bn to expand long carbon steel operations The globe's largest steelmaker, Luxembourg-based ArcelorMittal, plans to invest US$1.6bn in its long carbon steel operations in Brazil to expand production capacity by 2.6Mt/y to 6.5Mt/y within 30... more ► |
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| Iron & Steel | ► | Vale's $5.5 billion record profit stuns analysts Vale, the world's biggest iron ore producer, is likely to rise in trading today after announcing a record second-quarter profit, up 22 per cent, beating analysts' forecasts... more ► |
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| 6 Aug 2008 | Stainless Steel | ► | Ferrochrome prices could hit fresh record in next 6 months Ferrochrome prices could beat the record $2,05/lb level reached for the third quarter of this year in the following six months, JSE-listed Merafe Resources said on Wednesday... more ► |
| Iron & Steel | ► | NYMEX to launch domestic hot rolled coil steel futures contract The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., today announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil... more ► |
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| Iron ore price tipped to jump 20% Gindalbie Metals expects iron ore prices to rise by as much as 20 per cent next year followed by a smaller increase in 2010, and says demand for the bulk commodity will remain strong for the next... more ► |
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| 31 Jul 2008 | Global iron ore mine expansion plans The world's top iron ore miners supply about half of world demand each year. Annually set iron ore prices have risen as much as 500 percent since 2002 as suppliers struggle to keep up with... more ► |
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| China's steel industry faces supply glut in second half China faces a steel surplus in the second half of the year with production capacity continuing to grow and demand expected to drop, a senior industry official warned on Wednesday... more ► |
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| Base Metals | ► | Copper, Aluminium, Zinc, Lead, Tin, Nickel |
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| 15 Aug 2008 | Aluminium | ► | Magnesium use will increase in auto industry Because magnesium is one-third lighter than aluminium, it is very appealing to automotive engineers. Manufacturers of laptop computers, cell phones, power tools, and lawn and garden equipment are... more ► |
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| Copper | ► | Moly Mines undertakes $150m interim financing for Spinifex Ridge Moly Mines Limited announces that it is undertaking a US$150m interim financing for its planned 20m tpa Spinifex Ridge molybdenum-copper project in the Pilbara district of Western Australia... more ► |
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| Roseby Seep JV: high grade sulphide hits Blackard copper deposit Wide zones of high grade copper sulphide mineralization have been discovered at depth below the Blackard native copper resource at Roseby during recent drilling by Xstrata Copper, as part of the... more ► |
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| Nickel | ► | Russia's Norilsk Nickel now stretches from Arctic to South Africa, US to Australia In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in... more ► |
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| Aluminium | ► | Rusal calls for Norilsk Nickel board re-election The world's largest aluminium producer, Rusal, called on Thursday for an extraordinary shareholders' meeting of mining company Norilsk Nickel in September to elect a new board of directors... more ► |
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| Norsk Hydro names Aasheim aluminium metal chief Norwegian aluminium group Norsk Hydro has appointed Hilde Aasheim to head its Aluminium Metal division, Hydro said on Thursday... more ► |
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| Zinc | ► | Terramin says zinc price set to recover Zinc miner Terramin Australia Ltd says it is not operating at a loss unlike some of its peers and that the metal's price will recover from its low levels in coming months... more ► |
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| Copper | ► | US copper closes down hit by oil drop, dollar rise U.S. copper futures gains gave way to profit taking and a lower close on Thursday, when a slide in crude oil prices and a rallying dollar undermined early consumer and short-cover buying, traders... more ► |
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| Get a Deep Insight into the Aluminium extrusion industry in China Dundee Corp., a Toronto-based merchant banker and investment company, says it has acquired majority control of Odyssey Resources Ltd., a Toronto junior developing projects in Morroco and Turkey... more ► |
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| Nickel | ► | Norilsk Nickel Elects Strzhalkovsky as CEO Norilsk Nickel's board of directors elected Vladimir Strzhalkovsky, a former KGB officer and longtime friend of Prime Minister Vladimir Putin's, as chief executive on Friday... more ► |
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| Precious Metals | ► | Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium, Osmium |
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| 15 Aug 2008 | Silver | ► | Fortuna Silver Mines to acquire Continuum Resources and 100% of San Jose project, Mexico Fortuna Silver Mines Inc. and Continuum Resources Ltd. are pleased to announce that an agreement has been reached whereby Fortuna will acquire all of the issued and outstanding securities of... more ► |
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| Precious Metals | ► | Gold futures drop $17 as traders eye dollar, oil Gold futures closed with a loss of $17 an ounce Thursday, surrendering the prior session's strong gain and then some, as traders continued to watch movements in the oil and currency markets in vain... more ► |
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| Platinum | ► | Russia's Norilsk Nickel now stretches from Arctic to South Africa, US to Australia In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in... more ► |
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| Silver | ► | Get a Deep Insight into the Aluminium extrusion industry in China Dundee Corp., a Toronto-based merchant banker and investment company, says it has acquired majority control of Odyssey Resources Ltd., a Toronto junior developing projects in Morroco and Turkey... more ► |
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| 6 Aug 2008 | Platinum | ► | Lonmin cuts 2008 platinum forecast Lonmin Plc., which earlier Wednesday rejected an unsolicited 33 pounds per share offer from mining group Xstrata PLC, cut its forecast for platinum production Wednesday and said it now sees 2008... more ► |
| Anglo American says platinum a growth metal Strong demand for platinum, used in car manufacturing, was leading to a supply shortfall, Anglo American Plc's exploration head for Africa and Asia-Pacific Ian Willis said on Wednesday... more ► |
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| Platinum hits lowest since Jan, dollar pressures commodities Platinum hit its lowest level since January on falling demand from automakers and as several commodities across the board fell, which dampened sentiment... more ► |
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| Gold | ► | Gold seen ruling weak in the short term Last week, gold dropped below $900 an ounce before recovering on Friday by about $30 as US data showed rising unemployment. Still before close, it shed some of its gains to close at $913.90 an ounce... more ► |
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| Precious Metals | ► | Gold futures lose nearly $40 in four sessions Gold futures closed lower Wednesday to tally a four-session loss of almost $40 an ounce as weaker oil prices and strength in the U.S. dollar against other major currencies dulled investment demand... more ► |
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| 31 Jul 2008 | Gold futures rise after U.S. dollar falls vs. rivals Gold futures rose Thursday after a batch of data rekindled concerns about the health of the U.S. economy and the dollar fell against other major currencies, boosting demand for the precious... more ► |
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| Light Metals | ► | Titanium, Magnesium, Rubidium, Gallium, Beryllium, Strontium, Calcium, Barium, Cesium, Lithium, Sodium, Francium, Germanium, Potassium, Radium |
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| 15 Aug 2008 | Magnesium | ► | Magnesium use will increase in auto industry Because magnesium is one-third lighter than aluminium, it is very appealing to automotive engineers. Manufacturers of laptop computers, cell phones, power tools, and lawn and garden equipment are... more ► |
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| 6 Aug 2008 | Light Metals | ► | The Andersons finalizes purchase of pelleted lime operations The Andersons, Inc. announced today it has completed the purchase of three pelleted lime production facilities in Ohio, Illinois, and Nebraska to expand the pelleted lime capabilities of its Plant... more ► |
| 30 Jul 2008 | Titanium | ► | Tronox posts Q2 loss Titanium dioxide pigment maker Tronox Inc posted a quarterly loss, hurt in part by significant increases in process chemical, energy and transportation costs as well as unplanned production... more ► |
| 29 Jul 2008 | Magnesium | ► | Chinese pure magnesium prices ease further amid thin trade Chinese pure magnesium prices kept falling this week and indicated within... more ► |
| China's H1 pure magnesium exports rise 32% on year to 123,444 mt China's exports of pure magnesium in January-June 2008 surged 32% year on... more ► |
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| Titanium | ► | Richards Bay Minerals JV to sell 26% to black investors Richards Bay Minerals, jointly owned by BHP Billiton Ltd. (BHP) and Rio Tinto PLC (RTP), Tuesday said it plans to sell a 26% stake to black investors in South Africa... more ► |
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| 28 Jul 2008 | Titanium Resources shares suspended on AIM after mine accident Titanium Resources Group Ltd. said two people are missing after an accident at its Sierra Rutile mine in Sierra Leone, adding it has asked for its shares to be suspended on AIM until it can clarify... more ► |
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| 25 Jul 2008 | Mindarie mine to expand exports Mining company Australian Zircon says two new minerals will be available for export and sale from its Mindarie mine within weeks... more ► |
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| Prokhorov bets US$10 billion on metals `super-cycle` Billionaire Mikhail Prokhorov plans to invest US$10 billion in Russian metal deposits acquired from former partner Vladimir Potanin, betting the global commodities rally will continue... more ► |
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| 22 Jul 2008 | Light Metals | ► | SRA announces robust scoping study on germanium and gallium Strategic Resource Acquisition Corporation ("SRA") (TSX: SRZ: 18.34, -0.07, -0.38%)(TSX: SRZ.NT)(TSX: SRZ.NT.A) is pleased to announce the results of a preliminary assessment ("scoping study")... more ► |
| Exotic Metals | ► | Tungsten, Molybdenum, Tantalum, Manganese, Cobalt, Chromium, Cadmium, Niobium, Vanadium |
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| 15 Aug 2008 | Molybdenum | ► | Moly Mines undertakes $150m interim financing for Spinifex Ridge Moly Mines Limited announces that it is undertaking a US$150m interim financing for its planned 20m tpa Spinifex Ridge molybdenum-copper project in the Pilbara district of Western Australia... more ► |
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| Adanac: Ruby Creek project-$26 million building fabrication award Adanac Molybdenum Corp announced it has awarded Supreme Steel Ltd. of Edmonton, Alberta the fabrication of the Ruby Creek Project Power Plant Building, Crusher Building, Process Building and... more ► |
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| Thompson Creek sees no let up in overall molybdenum demand Molybdenum producer Thompson Creek Metals has not seen any weakening of demand for the metal and expects the market to remain strong going forward, chairperson and CEO Kevin Loughrey said on Friday... more ► |
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| Moly seen over US$40/lb in 2009 on tight supply Molybdenum prices are likely to top US$40/lb in 2009, according to Vancouver's Creston Moly, which is developing its 170Mlb (77,065t) molybdenum El Creston deposit in Mexico's Sonora state... more ► |
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| 6 Aug 2008 | Chromium | ► | Ferrochrome prices could hit fresh record in next 6 months Ferrochrome prices could beat the record $2,05/lb level reached for the third quarter of this year in the following six months, JSE-listed Merafe Resources said on Wednesday... more ► |
| 31 Jul 2008 | Cadmium | ► | China to end export tax rebate on cadmium products China will cancel export tax rebates on cadmium products and nickel-cadmium batteries from August 1, the State Administration of Taxation said on Thursday... more ► |
| Molybdenum | ► | Chile June copper output up 2.5 pct yr/yr Chile, which provides about a third of the world's copper, produced 473,684 tonnes of the metal in June, up 2.5 percent from the same month last year, the government said on Thursday... more ► |
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| Tantalum | ► | Ore price hike could lift tantalum products World largest tantalum miner, Talison Minerals of Australia offered ore price hike for tantalum powder makers in USA and Europe... more ► |
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| Molybdenum | ► | Alaska copper project pre-feasibility underway-Anglo American A pre-feasibility study at the Pebble copper project in Alaska is underway, with assessment of all options expected during 2009, the project's joint venture partner Anglo American PLC (AAUK) said... more ► |
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| Manganese | ► | Anglo American says first half profits rise Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on the back of high copper, platinum and coal prices... more ► |
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| Minor Metals | ► | Selenium, Silicon, Mercury, Indium, Antimony, Zirconium, Bismuth, Rhenium, Arsenic, Hafnium, Tellurium, Thallium |
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| 29 Jul 2008 | Indium | ► | Japan spot indium prices weaken to $525-530/kg CIF in quiet trade Spot prices of indium ingot imported into Japan fell to $525-530/kg CIF... more ► |
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| Zirconium | ► | Richards Bay Minerals JV to sell 26% to black investors Richards Bay Minerals, jointly owned by BHP Billiton Ltd. (BHP) and Rio Tinto PLC (RTP), Tuesday said it plans to sell a 26% stake to black investors in South Africa... more ► |
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| 28 Jul 2008 | WA govt approves Iluka extension The state government has approved a plan to extend the life of Iluka Resources Ltd's mineral sands processing facility near Geraldton by more than 10 years... more ► |
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| 25 Jul 2008 | Mindarie mine to expand exports Mining company Australian Zircon says two new minerals will be available for export and sale from its Mindarie mine within weeks... more ► |
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| 21 Jul 2008 | Rhenium | ► | Kennecott to invest $270 million in molybdenum processing facility Kennecott Utah Copper (KUC) is preparing to take advantage of the current demand for molybdenum by building its own Molybdenum Autoclave Process (MAP) facility... more ► |
| 18 Jul 2008 | Antimony | ► | China's non-ferrous sector downbeat for 2nd half China's nonferrous metals industry will remain downbeat in the second half of this year, with rising costs and weak consumption, according to a report by the China Nonferrous Metals Industry... more ► |
| 17 Jul 2008 | Zirconium | ► | Iluka production output falls 20.2% Miner Iluka Resources Ltd says production fell across all of its mineral sands products in the June quarter, following the interruption of gas supplies in Western Australia... more ► |
| 16 Jul 2008 | Silicon | ► | Japan high purity single crystal silicon sales to rise by 3% in 2008 Japanese high purity single crystal silicon sales will increase by 3% to 9,680 tonnes for semiconductor in 2008 from 2007, which renews record for 5 years in a row, announced by Japan Society of... more ► |
| 14 Jul 2008 | Zirconium | ► | Astron provides profit guidance and business outlook Astron Limited (ASX: ATR) Monday announced profit guidance for the year to 30 June 2008... more ► |
| 12 Jul 2008 | Rhenium | ► | Super hot metal rhenium may reach "platinum prices" The price of aerospace metal rhenium, which has jumped almost 10-fold in five years, looks set to go even higher as supply fails to keep up with demand... more ► |
| 29 Jul 2008 | Rare Earth | ► | Minmetals to set up world's biggest rare earth company China Minmetals Nonferrous Metals Co. and two local firms in Jiangxi province have signed a framework agreement to set up the world's biggest rare earth metals enterprise, a government Web site said... more ► |
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| 25 Jul 2008 | Uranium | ► | Zambezi Resources Ltd boosts resources at Cheowa CC2 COPPER PROJECTS... more ► |
| 23 Jul 2008 | Western Metals continues to drill high grade uranium mineralisation in Tanzania Western Metals Limited (ASX:WMT) announced Wednesday that RC drilling along the Mtonya Corridor in Southern Tanzania continues to return significant high grade uranium mineralisation. Results from... more ► |
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| 21 Jul 2008 | Nufcor Uranium signs deal to purchase 237,000 kilos of uranium for $38.9 mln Nufcor Uranium Ltd. said it has agreed to purchase 237,000 kilos of uranium for $38.9 million from a major international counterparty for payment and delivery in the fourth quarter... more ► |
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| 16 Jul 2008 | Kalahari Minerals: Significant results continue at Rossing South Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of copper and base metal prospects in Namibia, is pleased to provide an update released by Extract... more ► |
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| Rio Tinto: 2Q iron ore output up 13%, copper down Rio Tinto Ltd. (RIO.AU) Wednesday posted record quarterly output for iron ore for the three months to June but reported sharply lower refined copper production because of scheduled maintenance at its... more ► |
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| 15 Jul 2008 | Vane Minerals Plc announces an update on its gold-copper projects in the US, Mexico and Paraguay. Minerales VANE SA de CV, Mexico... more ► |
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| 14 Jul 2008 | Zambezi Resources: Uranium joint venture update • VTEM survey on Rio Uranium JV highlights electromagnetic conductors in regional shear zone over 30 kms strike length... more ► |
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| 10 Jul 2008 | Rio Tinto sells Kintyre project Rio Tinto will sell its Kintyre uranium project in Western Australia to a joint venture consortium for $US495 million ($518.3 million), as it moves closer to completing its $US10 billion ($10.5... more ► |
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| 9 Jul 2008 | Albidon commits to bankable feasibility study on the Chirundu uranium project, Zambia * The Albidon Board has resolved to maintain its 30% interest in the Chirundu Uranium Joint Venture and commit to funding its share of the Bankable Feasibility Study (BFS) for the Chirundu Uranium... more ► |
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| Other News |
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| 31 Jul 2008 | Metals | ► | Anglo American says first half profits rise Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on the back of high copper, platinum and coal prices... more ► |
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| 29 Jul 2008 | Sumitomo profit increases 52% as demand boosts prices Sumitomo Corp., Japan's third-largest trading group, posted a 52 percent increase in profit as demand rose for metals, construction equipment and ship leasing... more ► |
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| 23 Jul 2008 | BHP posts record 4Q iron ore, copper, oil output BHP Billiton Ltd. (BHP) Wednesday posted production records for key commodities of iron ore, copper and oil in the fourth quarter, setting the miner up for a bumper full year earnings result... more ► |
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| BHP Billiton hits production records RESOURCES giant BHP Billiton has booked full year production records for seven of the many commodities it sells, despite higher costs and supply disruptions, as global demand for resources remains... more ► |
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| 16 Jul 2008 | Rio Q2 refined copper output falls 18 pct Global miner Rio Tinto's second-quarter refined copper output tumbled 18 percent from the same period a year ago, facing lower yields at some operations, while production of iron ore, weighted toward... more ► |
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| Rio Tinto: 2Q iron ore output up 13%, copper down Rio Tinto Ltd. (RIO.AU) Wednesday posted record quarterly output for iron ore for the three months to June but reported sharply lower refined copper production because of scheduled maintenance at its... more ► |
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| 30 Jun 2008 | Mexico April mining production up 5.9% despite strikes Mining production in Mexico rose 5.9% in April from the same month last year, as gains in the output of lead, silver and gold offset a drop in copper, coal and sulfur, the National Statistics... more ► |
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| Peruvian miners begin national strike Peruvian mine workers began their third national strike in less than 14 months for better pay and benefits, adding to protests from Mexico to Chile that have disrupted copper supplies and sent prices... more ► |
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| Commodities signal bubble bursting as first-half ends Commodities are heading for their best first half in 35 years. The next six months may not be as rewarding because record prices for oil, copper and a dozen other raw materials may crimp consumption... more ► |
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| 27 Jun 2008 | Resource mergers set to continue CONSOLIDATION in the resources industry along with high oil prices is set to continue into the new financial year, as financial markets await rulings by European regulators on BHP Billiton's planned... more ► |
