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Metals News ► Ferrous Metals, Base Metals, Precious Metals, Light Metals, Exotic Metals, Minor Metals, Rare Earth

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Ferrous Metals  ►  Iron & Steel, Stainless Steel, Carbon Steel, Alloy Steel
20 Apr 2010 Iron & Steel  ►  Iron ore prices reach $190/mt
Week 16 opened with a bang with the Indian spot prices making a quantum jump of almost USD 10 per tonne since 16th April. The unprecedented escalation seems unstoppable leaving veterans exasperated... more 
  Brockman seals $6 billion iron ore deal with Sinosteel
Emerging Pilbara iron ore producer Brockman Resources has pulled off a major coup by signing a sales agreement with China's largest importer of ore, Sinosteel, that could be worth more than $6... more 
  Steel Dynamics first quarter profit $1.56b
Steel Dynamics, Inc said Monday after the markets closed that it swung to a first quarter profit, as sales jumped 91% from last year. The company's quarterly earnings per share also came in above... more 
  Schnitzer Steel acquires scrap-metal processor in Montana
Schnitzer Steel Industries Inc. is the new owner of a scrap-metal processor in Billings, Montana, managers of the Portland-based company said today... more 
  Japan iron and steel production down 26.3% in 2009
Crude steel production in Japan fell by 26.3 percent in fiscal 2009, according to data released by the Japan Iron and Steel Federation on Monday... more 
  BHP-Rio Tinto iron ore join venture ruling expected by May
The Australian competition regulator hopes to decide on a proposed iron ore joint venture between Rio Tinto and BHP Billiton by the end of May, the head of the regulatory body said on television on... more 
  BHP's iron ore output up 11%
BHP Billiton Ltd., the world's largest mining company, said third-quarter iron-ore production rose 11 percent as demand from China surged... more 
  AK Steel uncertain over iron ore prices
AK Steel shares fell 7% Tuesday after the steel maker warned it cannot "reliably estimate" its second-quarter operating results due to uncertainty over global iron ore prices... more 
12 Apr 2010   Essar Steel in $500m global bonds sale
Steelmaker Essar Steel is to make an offering of a benchmark-sized seven-year global bond, not callable for four years, a source close to the deal said... more 
  BHP, Vale and Tinto agree on iron ore pricing
Just as Australian mining giant BHP Billiton and Brazilian miner Vale had announced their seasonal prices to customers, Australia's 2nd largest mineral supplier Rio Tinto said Friday that they are... more 

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Base Metals  ►  Copper, Aluminium, Zinc, Lead, Tin, Nickel
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7 May 2011 Copper  ►  Experts expect copper prices to soar
More big miners will likely follow the world's largest gold company into the copper sector as the metal's price soars alongside Chinese industry's growing hunger for it, experts say... more 
20 Apr 2010 Base Metals  ►  Copper futures down to $7,610/mt
Risk aversion drove copper to a three-week low on Monday, as investors fretted about the potential impact of fraud charges against Goldman Sachs, Wall Street's most influential bank and a leading... more 
Copper  ►  Gold futures rise to $1,139/oz
Gold futures ended higher Tuesday as investors again stepped in to snap up bullion, although gains fizzled somewhat as the dollar strengthened... more 
  Rio Tinto to invest $340m in molybdenum facility
Kennecott Utah Copper, today announced that its parent company, Rio Tinto, will invest $340 million in the construction of a new Molybdenum Autoclave Process (MAP) facility at Kennecott Utah Copper... more 
  Freeport-McMoRan Copper & Gold earnings preview
Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper company, reports first-quarter results Wednesday before the market opens... more 
Base Metals  ►  Interview: Nickel, zinc to go up
In an exclusive interview, Bharath Kumar, Global Financial Market, speaks about various commodities and gives his outlook going forward... more 
Copper  ►  Two copper mining projects launched in Zambia
Zambia's President Rupiah Banda on Tuesday launched two new copper mining projects with a call to investors to add value to the economy by employing more Zambians... more 
  Silver, copper ETF launched on New York Stock Exchange
Global X Funds, a New York-based exchange traded funds (ETF) provider, said on Tuesday it has launched two ETF products which track the performance of silver and copper mining companies... more 
12 Apr 2010 Nickel  ►  BHP suspends its Leinster nickel mine
A miner has died underground in Western Australia's Goldfields, again raising questions about BHP Billiton's safety record... more 
Base Metals  ►  Copper futures rise to $7,975/mt
London copper futures pared gains after hitting a fresh 20-month high on Monday, but sentiment remained positive on strong Chinese import data and a weaker dollar... more 

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Precious Metals  ►  Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium, Osmium
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20 Apr 2010 Precious Metals  ►  Gold futures rise to $1,139/oz
Gold futures ended higher Tuesday as investors again stepped in to snap up bullion, although gains fizzled somewhat as the dollar strengthened... more 
Gold  ►  MAG Silver drills molybdenum-gold
MAG Silver Corp. announced additional gold and molybdenum assay results from on-going drilling (32 diamond drill holes) of the Pozo Seco moly-gold discovery on its 100% owned Cinco de Mayo property... more 
Silver  ►  Pan American Silver first quarter silver-gold production report
Pan American Silver Corp., today reports that the illegal strike which began on April 10th at its Huaron mine in Peru was settled on April 15th and that normal operations have resumed. In addition,... more 
Gold  ►  Freeport-McMoRan Copper & Gold earnings preview
Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper company, reports first-quarter results Wednesday before the market opens... more 
  North American Palladium to acquire gold exploration project
North American Palladium Ltd., operator of the Lac des Iles palladium mine near Thunder Bay, Ont., said Tuesday it plans to buy the Vezza advanced gold exploration project in Quebec's Abitibi region... more 
  Australian gold mine hit by earthquake
A powerful earthquake struck Australia's major gold-mining region in the west Tuesday, collapsing roofs of several buildings and prompting the evacuation of mines, schools and hospitals... more 
Silver  ►  Silver, copper ETF launched on New York Stock Exchange
Global X Funds, a New York-based exchange traded funds (ETF) provider, said on Tuesday it has launched two ETF products which track the performance of silver and copper mining companies... more 
12 Apr 2010 Precious Metals  ►  Gold futures rise to $1,162/oz
Gold futures settled at a fresh four-month high Friday as prices overcame a weak start to push higher on rekindled concerns about the global economic recovery... more 
8 Apr 2010   Gold futures reach 2010 record high of $1,153/oz
Gold futures finished higher Wednesday, their fifth-straight winning session as strong physical demand and safe-haven buying insulated bullion from the rising dollar... more 
7 Apr 2010   Gold futures slightly up to $1,136/oz
Gold futures ended a tad higher Tuesday, as investors focused on bullish factors such as physical demand and unease centered around inflation to overcome the bout of profit-taking that took down... 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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1 Apr 2010 Titanium  ►  Prophecy Resource completes $3.3m private placement
Prophecy Resource Corp. has completed the previously announced non-brokered private placement of 6,080,919 units at a price of $0.55 per unit for gross proceeds of $3,344,505. Each unit consists of... more 
Lithium  ►  GlobeStar reports strong 2009 financial results
GlobeStar Mining Corporation announced key highlights of its financial and operational results for the three months and year ended December 31, 2009... more 
26 Mar 2010   Western Troy stakes claims on lithium prospect in Quebec
Western Troy Capital Resources Inc. announced that it has made application for claims in the Riviere Reboul area in the Gaspe Region of Quebec. The claims straddle the Grand Pabos fault zone, a... more 
23 Mar 2010 Light Metals  ►  Champion Minerals drills iron, calcium and magnesium at its Fermont iron property
Champion Minerals Inc. provided an update on the winter diamond drilling campaign at the Fermont Iron Property (the "Property") in the Fermont Iron Ore District of northeastern Quebec. The Property... more 
19 Mar 2010 Magnesium  ►  Beacon Hill magnesite mining licence could be delayed
Beacon Hill Resources may have to wait until the second quarter of 2010 before getting a mining licence because of a protracted court tribunal connected to its application... more 
  Globex acquires additional stake in Timmins talc-magnesite project
Globex Mining Enterprises Inc. has increased the ownership interest in its Timmins Talc-Magnesite project, located 11 kilometres south of Timmins from 75 per cent to 90 per cent... more 
16 Mar 2010 Lithium  ►  First Liberty to acquire lithium and vanadium properties
First Liberty Power Corp. announced that it has entered into a mineral property acquisition agreement to acquire 84 placer claims (12,800 acres) strategically located in Esmeralda County, Nevada (the... more 
  TNR Gold signs lithium-rare earths deal
TNR Gold Corp. and wholly-owned International Lithium Corp. ("ILC") are pleased to announce the Company has entered into a letter agreement dated March 11, 2010 (the "Agreement") with Cricket Capital... more 
  China may cut lithium and rare earth exports
The Chinese government indicated over the weekend at the National People's Congress (NPC) in Beijing that it would curb the export of lithium and other rare earth compounds, opting instead to build a... more 
Light Metals  ►  Ferrostaal sells scrap recycling plant to Gulf Star Metals
Ferrostaal AG said Friday that it has sold and financed a cable recycling plant to Gulf Star Metals in Ajman which will permit the first machines from this sector to be installed in the UAE... more 

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Exotic Metals  ►  Tungsten, Molybdenum, Tantalum, Manganese, Cobalt, Chromium, Cadmium, Niobium, Vanadium
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20 Apr 2010 Molybdenum  ►  Molycorp could raise $350m in IPO
Molycorp, whose subsidiary Molycorp Minerals is the only producer of rare earth oxides in the Western hemisphere, plans an initial public offering of its stock this week... more 
  MAG Silver drills molybdenum-gold
MAG Silver Corp. announced additional gold and molybdenum assay results from on-going drilling (32 diamond drill holes) of the Pozo Seco moly-gold discovery on its 100% owned Cinco de Mayo property... more 
  Rio Tinto to invest $340m in molybdenum facility
Kennecott Utah Copper, today announced that its parent company, Rio Tinto, will invest $340 million in the construction of a new Molybdenum Autoclave Process (MAP) facility at Kennecott Utah Copper... more 
  Freeport-McMoRan Copper & Gold earnings preview
Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper company, reports first-quarter results Wednesday before the market opens... more 
8 Apr 2010 Manganese  ►  Japan will import manganese ore on CIF price basis
TEX reported that, in relation to the formula to contract with Japanese consumers on import of manganese ore, its price was traditionally fixed on FOB base in the past years but has changed to on CIF... more 
7 Apr 2010   Earthstone Metals to develop manganese projects in Zambia
Earthstone Metals Group, announced successful business development in its operation in Africa. Since last December our local endeavor experienced vigorous progress in Zambia. As the new initiative,... more 
5 Apr 2010   Manganese market outlook
Manganese is the fourth important component for steel making after iron ore, coking coal and scrap. Averagely 7 kilogram to 9 kilogram of manganese are used for producing of 12 tonnes of steel,... more 
Cobalt  ►  LME issues first cobalt warrants
Warrants for 5 tonnes of cobalt were issued late last week in Rotterdam, marking the first material to be placed on warrant since the launch of new minor metals futures contracts by the London Metal... more 
Vanadium  ►  American Creek to produce magnetite-vanadium concentrate at its Ironmist project
Tucked away at the end of the Quesnel Trough and only 60 km from Kamloops, the Ironmist property has captured the attention of American Creek Resources of Raymond, AB. Consequently, the company... more 
Niobium  ►  Niocan positive of its Oka niobium project
Niocan Inc. announced an update of the capital and operating costs ("capex/opex") for its Oka niobium project. A recent engineering and financial review by Met-Chem Canada Inc. ("Met-Chem") of the... more 

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Minor Metals  ►  Selenium, Silicon, Mercury, Indium, Antimony, Zirconium, Bismuth, Rhenium, Arsenic, Hafnium, Tellurium, Thallium
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1 Apr 2010 Silicon  ►  Globe Specialty Metals acquires ferrosilicon producer for $52m
Globe Specialty Metals, Inc. announced its acquisition of Core Metals Group, LLC, one of North America's largest producers and marketers of high-purity ferrosilicon and other specialty steel... more 
23 Mar 2010 Rhenium  ►  International PBX begins drilling at its copper-molybdenum-rhenium project
International PBX Ventures Ltd. announced that the Phase II drill program has now begun on the Sulfato copper zone on its wholly-owned Copaquire copper-molybdenum-rhenium project in northern Chile... more 
19 Mar 2010 Zirconium  ►  RockBridge proceeding with Newfoundland rare earth prospect operations
(RockBridge) (TSX VENTURE:RBE)... more 
17 Mar 2010 Minor Metals  ►  Quest Uranium advances rare-earths exploration plans
Highlights... more 
16 Mar 2010 Antimony  ►  China suspends tungsten, antimony and rare earth mining applications until 2011
China suspends tungsten, antimony and rare earth mining applications until 2011... more 
12 Mar 2010 Tellurium  ►  Tellurium rises to $210/kg in China
Silicon  ►  Silico-manganese prices in China down to $1,200/mt
Chinese silico-manganese prices fell back more than 2% this week due to lacklustre demand from the steel sector... more 
11 Mar 2010 Antimony  ►  Antimony prices rise by $25/mt
Antimony prices edged higher on Wednesday as market participants continued to report strong offers from China... more 
Zirconium  ►  Torch River identifies rare earths at Mount Copeland
Torch River Resources Ltd. announced geochemical and geophysical data compilation has identified REE targets on its 100% owned Mount Copeland mineral tenures. From the 2008 drill core samples (West... more 
  Oregon Resources begins chromite-zircon mine construction
More than 20 years, $29 million and 14 permits later, Oregon Resources Corp. finally has the go-ahead to begin construction on its Bunker Hill ore processing plant... more 

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Rare Earth  ►  Scandium, Yttrium, Europium, Lanthanum, Cerium, Neodymium, Gadolinium, Praseodymium, Samarium, Promethium, Ytterbium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Lutetium, Uranium, Plutonium, Thorium, Neptunium
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5 Apr 2010 Rare Earth  ►  Rare Earth Metals announces board changes and drilling update
Rare Earth Metals Inc announces the resignation of Mr. Wade Dawe and Mr. Ken Cai as directors of the Company effective April 1, 2010. Both Mr. Dawe and Mr. Cai were instrumental in guiding the... more 
29 Mar 2010   Molycorp to restart rare earth mining in California
Efforts to re-establish American production of rare earth elements at a San Bernardino County mine gained momentum in recent days, as lawmakers in Congress voiced their support for the plan to end... more 
26 Mar 2010 Erbium  ►  American Elements expands erbium oxide production
Los Angeles-based American Elements announced the further expansion of its erbium oxide (Er2O3) production facilities to meet growing demand from glass and optics customers. ErO forms include powder,... more 
Rare Earth  ►  Western Troy stakes claims on lithium prospect in Quebec
Western Troy Capital Resources Inc. announced that it has made application for claims in the Riviere Reboul area in the Gaspe Region of Quebec. The claims straddle the Grand Pabos fault zone, a... more 
23 Mar 2010   Bolero Resources buys rare earth property
Bolero Resources Corp. announced that it has entered into an option agreement to acquire 100% interest in the Carbonatite Syndicate Rare Earth Claim Group, surrounding Spectrum Mining Corporation's... more 
Neodymium  ►  Lanxess AG to invest $27.5 in neodymium expansion
Rubber and chemicals supplier Lanxess A.G. plans to invest about $27.5 million during the next two years to expand its global capacity of neodymium polybutadiene by about 50,000 metric tons annually... more 
Rare Earth  ►  Ram Resources acquires tantalum-niobium project
Western Australian company Ram Resources is to buy the potentially world-class Motzfeldt tantalum-niobium project in Greenland... more 
21 Mar 2010 Uranium  ►  Energy Fuels to start uranium mill by 2012
Energy Fuels Inc.'s $150 million uranium mill could be operating in early 2012, perhaps as prices for uranium begin to rise again, Energy Fuels President George Glasier said Saturday... more 
19 Mar 2010 Rare Earth  ►  RockBridge proceeding with Newfoundland rare earth prospect operations
(RockBridge) (TSX VENTURE:RBE)... more 
17 Mar 2010 Uranium  ►  CanAlaska to restart uranium and rare earths exploration in Manitoba
CanAlaska Uranium Ltd. reported that, after a 3-year hiatus, the Manitoba Government has completed consultation with local First Nations and has issued exploration permits for ground work and... more 

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Other News  
1 Apr 2010 Metals  ►  Prophecy Resource completes $3.3m private placement
Prophecy Resource Corp. has completed the previously announced non-brokered private placement of 6,080,919 units at a price of $0.55 per unit for gross proceeds of $3,344,505. Each unit consists of... more 
  GlobeStar reports strong 2009 financial results
GlobeStar Mining Corporation announced key highlights of its financial and operational results for the three months and year ended December 31, 2009... more 
29 Mar 2010   Striking Peru mines
Workers at Peru's only iron producer, Shougang Hierro Peru SAA, went on strike Monday, while strikes at several other Peruvian mines continued, said Luis Castillo, general secretary of Peru's... more 
26 Mar 2010   Execs say limiting metals trade bad for the U.S.
Financial industry executives are warning regulators that restricting the volume of speculative trading in metals futures would drive U.S. business overseas... more 
9 Mar 2010   Paragon drills zinc, lead, copper, silver and gold
Paragon Minerals Corporation provided an update on the 2010 diamond drilling program and down-hole Pulse EM geophysical surveys completed on its 100%-owned South Tally Pond volcanogenic massive... more 
8 Mar 2010   Prices of metals will continue rising as economy stabilises
As the global economy recovers from the worst recession in 70 years, industrial metals are expected to stay on a recovery path this year, but metal producers warn that the advance may be slow as... more 
5 Mar 2010   PBX to raise $1.4m for its copper-molybdenum-rhenium project in Chile
International PBX Ventures Ltd. announces that, subject to TSX Venture Exchange approval, it will raise $1,400,000 by way of a non-brokered private placement of seven million units at a price of... more 
4 Mar 2010   Diamonds North finds copper, silver, and bismuth at its Hepburn project
Diamonds North Resources Ltd. announces high grade copper, silver, and bismuth assays from recently discovered showings on its Hepburn copper-silver project located in the Northwest Territories. Grab... more 
  Azimut finds copper and gold at its REX Property in Nunavik, Quebec
Azimut Exploration Inc. ("Azimut") announces that further examination of the existing regional-scale geoscientific database covering the REX property area has led to the recognition of a large Iron... more 
3 Mar 2010   Freeport-McMoRan Copper & Gold redeems senior floating rate notes due 2015
Freeport-McMoRan Copper & Gold Inc. (FCX) announced today that it has issued a notice to redeem all of its outstanding Senior Floating Rate Notes due 2015 ("Notes") on April 1, 2010. There is $1... more