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| 3 Dec 2008 | Stainless Steel | ► | North American average stainless steel prices - Latest forecasts from Meps Transaction prices for grade 304 products are forecast to decline further in the short term due to falling raw material costs. Type 316 figures are expected to show a substantial drop of over $US2000... more ► |
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| Iron & Steel | ► | SAIL takes lead in price cut Steel Authority of India Ltd (SAIL) has decided to cut the prices of some of its products by Rs 1,200-1,500 a tonne... more ► |
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| Brazil's Vale cutting 2.1 percent of workforce The world's largest iron ore producer has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel... more ► |
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| US hot-rolled coil down nearly 11% as price falls to $550/st EXW Flat-rolled steel prices in the US market declined across the board Tuesday as some limited buying activity resumed after the extended Thanksgiving Holiday weekend... more ► |
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| US Steel idles production at facility near Detroit A lack of customer demand and a faltering economy has prompted U.S. Steel to temporarily suspend operations at its Great Lakes Works near Detroit and two other mills... more ► |
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| Brazil's Gerdau to halt steel plant for maintenance The slowdown in the worldwide steel trade in the fourth quarter is forcing Brazil's Gerdau (NYSE:GGB) to move forward maintenance work at its Riograndense facility in Sapucaia do Sul, in the... more ► |
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| Russian steel demand to fall in H1 '09 - Severstal Russian steel demand could fall by up to 10 percent in the first half of 2009 due to a global slowdown, but may see a "significant recovery" in the second half, Russia's biggest steelmaker Severstal... more ► |
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| Oman: Construction of $1.3bn Vale project to commence shortly Construction work on the giant iron ore pelletising plant of Vale do Rio Doce (Vale) is set to commence shortly at the Port of Sohar, following the signing of two key contracts yesterday. Well-known... more ► |
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| Lebtheinia delivers Sphere a new 2.3 billion tonne iron ore resource Sphere Investments Limited [ASX & NASDAQ Dubai: SPH] is pleased to announce a JORC Code compliant Mineral Resource of 2.3 billion tonnes (Bt) for the Company's 100% owned Lebtheinia Iron Ore Project... more ► |
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| Steel price could recover by March 2009 Steel prices, which have collapsed more than 50 percent in the last couple of months, could rebound by the end of the first quarter of 2009, a leading German steel and metals trader said... more ► |
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| Base Metals | ► | Copper, Aluminium, Zinc, Lead, Tin, Nickel |
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| 3 Dec 2008 | Copper | ► | Gold ends at two-week low as dollar strengthens Gold futures fell Wednesday to close at their lowest level in nearly two weeks, as the U.S. dollar rose against its major rivals, reducing the metal's appeal as an alternative investment.... more ► |
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| Zambia's mining tax take at a trickle as copper prices tumble Lusaka- Copper-rich Zambia will fall far short of its target of raising half a billion dollars in mine taxes this year because of the significant drop in international copper prices caused by the... more ► |
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| Base Metals | ► | LME metals hit multi-year lows on poor demand prospects ... more ► |
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| Aluminium | ► | India's NALCO to float alumina sale tender in Dec Indian state-run National Aluminium Co Ltd (NALCO) will float a tender for the sale of 30,000 tonnes of alumina in the third week of December, the company's chairman said on Wednesday... more ► |
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| Copper | ► | China to resume copper tolling soon Bejing has approved, in principle, the resuming of tax-free tolling for imported copper concentrates... more ► |
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| Tin | ► | Lara samples 20 meters at 3.29% tin at Sao Lourenco Lara Exploration Ltd. ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to report that it has outlined a second robust tin-bearing alteration zone on its Sao Lourenco project in northwest... more ► |
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| Aluminium | ► | Japan Q1 2009 aluminium talks focus on volume, not premiums Negotiations on premiums for aluminium cargoes imported into Japan in the first quarter of 2009 were making slow progress, as the focus was more on... more ► |
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| Copper | ► | Freeport-McMoRan to cut copper production, suspend annual dividend Freeport-McMoRan Copper & Gold Inc. (FCX) announced that it would reduce Copper Production and Sales by about 200 million pounds in 2009 and by about 500 million pounds in 2010 compared with October... more ► |
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| Base Metals | ► | China may cut export tax on lead, aluminum; analysts divided China may eliminate export taxes on refined lead and reduce them on primary aluminium and aluminium alloy, analysts said Friday... more ► |
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| Nickel | ► | Kagara intersects 62m at 3.2% nickel Kagara Ltd is pleased to announce a further significant nickel intersection from the T4 position at Lounge Lizard. Niton XRF surveying of the intersection in hole LFPD18W3W3W1 has returned 62.00... more ► |
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| Precious Metals | ► | Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium, Osmium |
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| 3 Dec 2008 | Precious Metals | ► | Gold ends at two-week low as dollar strengthens Gold futures fell Wednesday to close at their lowest level in nearly two weeks, as the U.S. dollar rose against its major rivals, reducing the metal's appeal as an alternative investment.... more ► |
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| Platinum | ► | Mine shut because of platinum price, Zimplats ZIMPLATS Holdings has shut open pit mining at its Great Dyke operation in Zimbabwe because of poor metal prices... more ► |
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| Gold | ► | Oceana Gold mothballs Philippines mine New Zealand's biggest gold miner is mothballing its huge gold-copper mining site at Didipio in the northern Philippines province of Nueva Vizcaya... more ► |
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| Failed bidding for gold, copper site A government bidding for a potential gold and copper mine site on Mount Diwalwal in southern Philippines failed on Wednesday when no investor turned in an offer, a senior state official said... more ► |
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| 2 Dec 2008 | Precious Metals | ► | Gold rises as falling dollar increases appeal Gold futures rose Tuesday, after losing the most in nearly nine months in the previous session, as a weakening U.S. dollar raised the metal's appeal as an alternative investment.... more ► |
| Silver | ► | Excellon resumes production at Platosa mine in Mexico after water inflow Excellon Resources Inc. (TSX:EXN) has resumed normal production after dealing with flooding at its Platosa silver-lead-zinc mine in Mexico... more ► |
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| Zazu reports excellent drill results at Lik deposit Zazu Metals Corporation (TSX: ZAZ) ("Zazu") is pleased to announce further drill hole results from the summer development program at the Lik zinc – lead – silver deposit, 22km from the Red Dog zinc... more ► |
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| Gold | ► | Morgan Stanley quietly builds its stake in OZ Minerals INVESTMENT bank Morgan Stanley has emerged with a key stake in OZ Minerals amid increasing speculation about the future of the struggling miner... more ► |
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| Platinum | ► | Norilsk Nickel sees steady copper, nickel output for 2009 Russia’s metals giant GMK Norilsk Nickel will slash expenses by 10 percent next year, including through the staff reduction. The company will lower funding of investment projects by 24 percent in... more ► |
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| Gold | ► | Rio Tinto JV Oyu Tolgoi copper project cuts 40% of staff Oyu Tolgoi, copper-gold joint venture between Canada's Ivanhoe Mines Ltd. (IVN.T) and Rio Tinto Ltd. (RTP) in Mongolia, has cut about 250 jobs, representing around 40% of its staff because of the... 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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| 2 Dec 2008 | Titanium | ► | Rio has "spectacular" results at U.S. nickel find Mining group Rio Tinto has had "spectacular" prospecting results at a U.S. nickel deposit and is pushing two other successful projects into pre-feasibility studies, the head of exploration said... more ► |
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| Magnesium | ► | Chinese magnesium ingot prices edge down; trade remains thin China's magnesium ingot prices edged down with local producers offering spot material at $2,600-2,750/mt FOB China, slightly lower compared with $2,650-2,750/mt a week ago, industry sources said... more ► |
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| 28 Nov 2008 | Titanium | ► | Kenmare upbeat on African mine Shares in titanium miner Kenmare Resources were up 15pc in the wake of the company's claim that production at its Moma mine in Mozambique will now reach full capacity in the second half of next year... more ► |
| Eramet Group: Update on the acquisition of Tinfos Update on the acquisition of Tinfos... more ► |
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| Magnesium | ► | Magnesium prices are falling as demand slides The November spot magnesium price has dropped to an average $3.13/lb this month, down from a $3.50 average for the previous two months. Based on reduced purchasing by die casters and aluminium... more ► |
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| 26 Nov 2008 | Titanium | ► | Gravity West assay results, 34.08% titanium oxide and 47.48% iron oxide from massive ilmenite samples of Saint Urbain titanium Gravity West Mining Corp. (TSX-V: GRW) is pleased to announce it received assay results from Saint Urbain Titanium Project. Assays from surface grab samples gave 34.08% Titanium Oxide (TiO2) and... more ► |
| Lithium | ► | EPA decision puts Galaxy's Mt Cattlin a step closer to development EPA CONFIRMS MINIMAL LEVEL OF ENVIRONMENTAL ASSESSMENT REQUIRED... more ► |
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| 21 Nov 2008 | Magnesium | ► | Malaysia-based CVM eyes HK$133 mln share offering in HK Malaysia-based magnesium producer CVM Minerals plans to launch a Hong Kong initial public offering (IPO) on Dec. 16 despite the market slump, hoping to raise as much as HK$133 million, the South... more ► |
| Light Metals | ► | China minor metals prices tumble on weak demand Prices of minor metals in eastern China fell sharply on the week, with high-quality selenium down more than 30 percent, as weak demand forced producers to cut prices, analysts and traders said on... more ► |
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| 19 Nov 2008 | Germanium | ► | Umicore cuts 2008 forecast on auto slowdown Umicore said on Wednesday it had cut its profit forecast because of the rapid deterioration of the global automotive market and announced production shutdowns at many car manufacturers... more ► |
| Exotic Metals | ► | Tungsten, Molybdenum, Tantalum, Manganese, Cobalt, Chromium, Cadmium, Niobium, Vanadium |
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| 3 Dec 2008 | Manganese | ► | BHP cuts manganese production at Samancor BHP Billiton plans to cut manganese output from its Samancor operation by more than 20 per cent due to weaker market conditions... more ► |
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| 2 Dec 2008 | Molybdenum | ► | Mercator Minerals commences producing copper-moly concentrates at its Mineral Park Mine Mercator Minerals Ltd. ("Mercator") is pleased to announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than... more ► |
| Chromium | ► | Samancor, Hernic to slash ferrochrome output South Africa's Samancor Chrome, the world's second-largest ferrochrome producer, will shut down all its mining and smelting operations from mid-December until the end of February, an online media... more ► |
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| 1 Dec 2008 | Manganese | ► | Ecometals reports summary of 2008 exploration results, Brazil iron projects and a new manganese JV Ecometals Limited (TSX VENTURE: EML)(BERLIN: GDQ)(FRANKFURT: GDQ) -... more ► |
| Molybdenum | ► | China exports 2245 tonnes of molybdenum products It is reported that China has shipped out 2245 tonnes of molybdenum products in October down by 6.1% from 2390 tonnes molybdenum in September in which FeMo export was 229 tonnes Mo leveling with that... more ► |
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| Niobium | ► | Malawi discovers over 56m tonnes of niobium deposits Globe Uranium (Africa) Limited company of Australia has discovered 56 million tonnes of niobium deposits in Malawi's northern Mzimba and Rumphi districts, two years after being awarded a license to... more ► |
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| Manganese | ► | ConsMin buys 11 per cent stake in OM Consolidated Minerals, owned by Ukrainian billionaire Gennadiy Bogolyubov, has acquired an 11 per cent stake in manganese trader OM Holdings, leading the smaller company to question the nickel... more ► |
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| Chromium | ► | Xstrata suspends furnaces The Xstrata-Merafe Chrome Venture on Monday announced that a total 906 000 tonnes, or 52 percent, of its annual capacity is to be temporarily suspended in response to the short-term weakness in... more ► |
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| 28 Nov 2008 | Vanadium | ► | Actual quantities of vanadium supplied and consumed in Japan for first half 2008 Consumption Increased By 23% For Expanded Special Steel Production, Imports Also Increased... more ► |
| Molybdenum | ► | Actual quantities of molybdenum supplied and consumed in Japan for first half 2008 Output Of Special Steels Increased By 4.5% But Molybdenum Consumption Remained Unchanged... more ► |
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| Minor Metals | ► | Selenium, Silicon, Mercury, Indium, Antimony, Zirconium, Bismuth, Rhenium, Arsenic, Hafnium, Tellurium, Thallium |
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| 2 Dec 2008 | Indium | ► | China's Guangxi mulls metal purchase plan China's minerals-rich border region of Guangxi will consider purchasing metals to help support prices, but has not yet decided, its party secretary Guo Shengkun said on Tuesday... more ► |
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| China issues 2009 indium export licenses to 22 companies China's Ministry of Commerce has licensed 22 companies in the country to export indium in 2009, according to information posted on the ministry website Friday... more ► |
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| 1 Dec 2008 | Antimony | ► | Cambrian Mining reduces antimony production at Australian mine Cambrian Mining Plc ('Cambrian' or 'the Company' or 'the Group') is pleased to provide investors with the following update... more ► |
| 28 Nov 2008 | Zirconium | ► | Kenmare upbeat on African mine Shares in titanium miner Kenmare Resources were up 15pc in the wake of the company's claim that production at its Moma mine in Mozambique will now reach full capacity in the second half of next year... more ► |
| 27 Nov 2008 | Rhenium | ► | Seminole Enterprises Group discovers rhenium in Colombia, SA Seminole Enterprises Group, Inc is a US based mining company and producer of tantalum, tin, and iron ore from Colombia, South America. Recently during a preliminary analysis of raw ore from a new... more ► |
| 25 Nov 2008 | Silicon | ► | Chinese government raises duty to be imposed on export of silicon metal Effective From 1st December 2008, Duties On Exports Of Normal Ferro-Alloys Remain Unchanged... more ► |
| 21 Nov 2008 | Minor Metals | ► | China minor metals prices tumble on weak demand Prices of minor metals in eastern China fell sharply on the week, with high-quality selenium down more than 30 percent, as weak demand forced producers to cut prices, analysts and traders said on... more ► |
| 20 Nov 2008 | Antimony | ► | China's Jan-Oct unwrought manganese exports drop 12.4% on year China's unwrought manganese exports for the January-October period dropped 12.4% year on year to 209,612 mt... more ► |
| 19 Nov 2008 | Zirconium | ► | Goldman sees zircon bucking commodities downtrend Mineral commodities used to whiten ceramic dishes and make television screens are holding up despite the commodities sell-off, Goldman Sachs JBWere said on Wednesday, raising its price forecasts for... more ► |
| 18 Nov 2008 | Silicon | ► | Chinese price of silicomanganese continues to fall It is reported that the boom price of Chinese silicomanganese is unable to foresee... more ► |
| 24 Nov 2008 | Uranium | ► | Uranium climbs, Cameco upgraded With the price of uranium heading upward, Scotia Capital has upgraded Cameco Corp. shares to "sector outperform."... more ► |
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| Uranium price, trading rise for fourth week as output curbed Uranium gained for a fourth week, the longest winning streak this year, as producers curb development of mines and utilities bought on concern prices will keep rising... more ► |
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| 18 Nov 2008 | Spot uranium rises to $53 per lb The weekly price of spot uranium rose to $53/lb on Tuesday and is up 20% over the past month due to firm demand by nuclear reactors, traders said... more ► |
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| BHP restarts work on Yeelirrie uranium BHP Billiton, the world's largest mining company, has restarted work on the Yeelirrie project after the Western Australian government lifted a six year ban on uranium mining... more ► |
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| Uranium companies fly on mine ban reversal WA uranium explorers have ridden a crest of optimism today after yesterday’s decision by the State Government to clear the way for the development of dozens of uranium projects across the State... more ► |
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| 12 Nov 2008 | OZ Minerals lifts stake in Toro Energy OZ Minerals Ltd has lifted its stake in Toro Energy Ltd to 51.71 per cent from 46 per cent, after taking up its full entitlement under the uranium explorer's $26 million renounceable rights issue... more ► |
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| 11 Nov 2008 | Paladin says uranium outlook strong PALADIN Energy has posted a small quarterly loss despite achieving nameplate production at its flagship mine in Africa... more ► |
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| 10 Nov 2008 | Rio Tinto to raise uranium production at Namibia mine by 38% Rio Tinto Group, the world's second- largest uranium producer, plans to boost output from the Rossing mine in Namibia by 38 percent and extend its life as Asian countries plan more nuclear reactors... more ► |
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| 31 Oct 2008 | Olympic dam expansion on line in 2013, BHP BHP Billiton said today it plans to have the first of five planned stages of expansion at its Olympic Dam mine in production by 2013... more ► |
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| 29 Oct 2008 | Rare Earth | ► | Jiangxi Copper to step in lead, zinc and rare earth Jiangxi Copper Company Ltd., China's leading copper producer, plans to stabilize its copper production capacity while boosting lead, zinc and rare earth production... more ► |
| Other News |
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| 26 Nov 2008 | Metals | ► | BHP decision adds to base metal weakness The outlook for commodity markets darkened yesterday after the mining sector's biggest potential takeover collapsed as BHP Billiton abandoned its bid for Rio Tinto, citing steep falls in metals... more ► |
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| 17 Nov 2008 | Giant mines scramble to cut output Mining companies -- which couldn't dig minerals out of the earth fast enough just a few months ago -- now are struggling to climb out of a very deep hole... more ► |
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| 10 Nov 2008 | China unveils $586 bln stimulus package China has unveiled a RMB 4 trillion ($585.65 billion) investment package to cushion the country's economy from a dramatic slowdown as the global financial crisis continues to unfold, the... more ► |
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| 31 Oct 2008 | Gold forecast cut to $700 for 2009 at UBS Yesterday it was oil and natural gas, today it is precious metals. UBS has again lowered its 2009 forecast for gold, this time from US$825 per ounce to US$700, while also cutting silver sharply from... more ► |
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| Olympic dam expansion on line in 2013, BHP BHP Billiton said today it plans to have the first of five planned stages of expansion at its Olympic Dam mine in production by 2013... more ► |
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| 27 Oct 2008 | Credit crisis to hit mining projects- Credit Suisse The credit crisis risks delaying around $50 billion of the mining sector's capital expenditure used to fund new or expand existing projects in 2009, Credit Suisse said on Monday... more ► |
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| 23 Oct 2008 | Anglo to review capex, Q3 copper down 12.7 pct Mining group Anglo American Plc said it would review capital expenditure plans due to uncertainty on markets as it posted a 12.7 percent fall in third-quarter copper output, its most important metal... more ► |
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| 22 Oct 2008 | BHP confident despite slowing demand BHP Billiton Ltd is confident the industrialisation of China will continue to drive demand for its products, but says there will be volatility and uncertainty in the short term as global growth... more ► |
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| 21 Oct 2008 | Xstrata copper production falls 8% Mining group Xstrata plc posted an 8% fall in third-quarter mined copper output on Tuesday and a 12% rise in coal production... more ► |
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| 20 Oct 2008 | Commodity prices cut, but dramatic rebound may follow Slowing growth in China and a recession in the developed world means metal markets are much more likely to move into significant surpluses in 2009 and 2010. As a result, RBC Capital Markets has made... more ► |
