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| 13 Mar 2010 | Iron & Steel | ► | Corus to restart its Scunthorpe steel plant Steel giant Corus is restarting a blast furnace at its Scunthorpe site 13 months after a slump in demand forced it to close... more ► |
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| Iron ore price rise disadvantageous to China Iron ore's spot price in the Chinese market has surged to an 18-month high after the Spring Festival holiday, placing Chinese negotiators in the uphill price talks with major iron ore producers in an... more ► |
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| Commercial Metals Co predicts $130m loss in quarter Commercial Metals Co. said it expects to post a net loss of $1.50 to $1.60 a share for the fiscal second quarter ended Feb. 28... more ► |
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| China's Hebei to acquire 80% stake in Shijiazhuang Iron & Steel Hebei Iron & Steel Group plans to purchase an 80% stake in Shijiazhuang Iron & Steel Co Ltd for RMB 1.9 billion, said Yan Shengke, board chairman of the latter firm... more ► |
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| EU steelmakers says 90% iron ore price hike in China unacceptable The European steel industry has warned that an iron ore price rise of up to 90% will have a "huge impact" on the region's economic recovery... more ► |
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| Indian iron ore prices hit $142/mt CIF China | |||
| Pig iron prices in China rise to $445/mt Spot pig iron prices in northern China's Hebei province increased by 30-40 yuan ($4-6) over the week to 2,930-3,030 yuan per mt ($430-445/mt), on the back of improved demand from steel millls, market... more ► |
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| Vale withdraws from China iron ore price talks Brazilian miner VALE SA has quit the 2010 annual iron ore benchmark price talks with China, the National Business Daily reported Thursday, citing an unnamed industry insider in Hebei, a major steel... more ► |
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| Stainless Steel | ► | Japan's Nippon Steel to raise stainless steel prices Japan's biggest stainless steel mill, Nippon Steel & Sumikin Stainless Steel, has announced new ex work price of March 2010... more ► |
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| Iron & Steel | ► | Iron ore prices to rise on China resource depletion: Fortescue Iron ore producer Fortescue Metals Group has increased its production targets and put a $6.24 billion price tag on a two-stage mining operation... more ► |
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| Base Metals | ► | Copper, Aluminium, Zinc, Lead, Tin, Nickel |
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| 13 Mar 2010 | Nickel | ► | Avanco Resources starts drilling at its nickel project in Brazil Avanco Resources has commenced a 2,000m diamond drilling program at its 100% owned Touro Nickel Project in the Carajas Province of Brazil. The drilling programme will test the coincident nickel,... more ► |
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| Copper | ► | Gold futures down to $1,102/oz, silver down to $17.04/oz Gold futures finished lower on Friday and for the week, as a drop in U.S. consumer sentiment fueled concerns that China will further tighten access to money offset a weaker dollar... more ► |
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| Aluminium | ► | India's Nalco to produce 460,000 mt of aluminium in 2010-11 FY State-owned National Aluminium Co Ltd has set a target of producing 4.6 lakh tonnes of aluminium and 16.58 lakh tonnes of alumina in the 2010-11 financial year... more ► |
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| Zinc | ► | Nyrstar increases bid for CBH Resources to $195m Nyrstar NV, a zinc producer from Belgium, has recently offered an improved takeover bid of 19.5 cents per share for the Australian miner CBH Resources. CBH Resources has also confirmed today it has... more ► |
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| Nickel | ► | Japan's Nippon Steel to raise stainless steel prices Japan's biggest stainless steel mill, Nippon Steel & Sumikin Stainless Steel, has announced new ex work price of March 2010... more ► |
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| 12 Mar 2010 | Copper | ► | Antares Minerals acquires copper-molybdenum-gold project in Peru Antares Minerals Inc. announced it has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps... more ► |
| Barrick Gold blames Xstrata; tries to prevent New Gold's Chilean mine sale Barrick Gold Corp. sought to include Xstrata Plc in a lawsuit over the control of a Chilean gold and copper project, claiming Xstrata backed out of a deal to sell the property to Barrick... more ► |
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| Base Metals | ► | Non-ferrous scrap market outlook Boris Bronneberg, Source Montan Handels... more ► |
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| Copper | ► | Iberian Minerals seeks $30m for Raul purchase Iberian Minerals Corp. announced that its subsidiary, Compania Minera Condestable S.A. ("Condestable") has entered into a mandate letter dated March 8, 2010 with Societe Generale to arrange an... more ► |
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| Base Metals | ► | Copper futures rise to $7,464/mt LME copper futures ended up 0.3 percent, or $24, at $7,464 a tonne. Aluminium rose $10 to $2,235 a tonne. LME zinc fell $14 to $2,346 a tonne. Nickel dropped $115 to $21,335 a... more ► |
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| Precious Metals | ► | Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium, Osmium |
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| 13 Mar 2010 | Precious Metals | ► | Gold futures down to $1,102/oz, silver down to $17.04/oz Gold futures finished lower on Friday and for the week, as a drop in U.S. consumer sentiment fueled concerns that China will further tighten access to money offset a weaker dollar... more ► |
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| Silver | ► | Nyrstar increases bid for CBH Resources to $195m Nyrstar NV, a zinc producer from Belgium, has recently offered an improved takeover bid of 19.5 cents per share for the Australian miner CBH Resources. CBH Resources has also confirmed today it has... more ► |
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| 12 Mar 2010 | Gold | ► | Antares Minerals acquires copper-molybdenum-gold project in Peru Antares Minerals Inc. announced it has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps... more ► |
| Central Iron Ore sells gold mines to buy iron ore projects Central Iron Ore Limited announced that it has today entered into an Option and Asset Sale Agreement with Natural Resource Investments Pty Ltd, for sale of its British King and Eureka gold mines for... more ► |
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| Barrick Gold blames Xstrata; tries to prevent New Gold's Chilean mine sale Barrick Gold Corp. sought to include Xstrata Plc in a lawsuit over the control of a Chilean gold and copper project, claiming Xstrata backed out of a deal to sell the property to Barrick... more ► |
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| Esperanza Silver drills more gold in Mexico Esperanza Silver Corp. announces the results of its on-going drilling campaign at its 100% owned Cerro Jumil gold project in Morelos State, Mexico... more ► |
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| 11 Mar 2010 | Precious Metals | ► | Silver futures rise to $17.15/oz; gold unmoved at $1,108/oz Copper and silver futures rose on Thursday after reports that Chile, the world's largest copper producer, was hit by an aftershock to last month's earthquake, with tremors this time measured at... more ► |
| Gold futures down to $1,122/oz; platinum futures at $6.70/oz Gold futures finished lower Wednesday, losing early gains as traders took a cautious approach ahead of more economic reports from China following strong February imports data... more ► |
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| Gold | ► | Harmony Gold halts mining operations after employee death Harmony Gold Mining Company Limited suspended operations after an employee died in a rockfall accident at the company's Evander No 8 shaft today... more ► |
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| Barrick Gold IPOs its Africa gold mines Barrick Gold's Bulyanhulu mine in Tanzania produced 250,000 ounces of gold last year, not far off London-listed Randgold's main mine, Loulo in Mali, with 350,000 ounces. Bulyanhulu has 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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| 13 Mar 2010 | Magnesium | ► | EU magnesium prices up Magnesium prices in Europe went up further today to reach $2,950/mt, market sources say. Lower price deals continued trading around $2,850/mt... more ► |
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| Titanium | ► | Russia to set up a $3b free economic zone in India Russia may create a free economic zone worth $3 billion in India intended to involve investors from third countries, the deputy chief of Russia's federal property agency said in an interview with the... more ► |
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| 12 Mar 2010 | Magnesium | ► | Magnesium prices rise to $2,900/mt Magnesium prices in Europe rose this week to $2,800-2,900/mt, market participants said... more ► |
| Titanium | ► | Titanium sponge plant to open in India in July A Rs. 170 crore titanium sponge plant in Kollam is expected to be commissioned in July, making India the fifth producer in the world of what is considered the metal of the 21st century and which has... more ► |
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| Non-ferrous scrap market outlook Boris Bronneberg, Source Montan Handels... more ► |
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| Osaka Titanium lowers titanium prices by 25% Osaka Titanium Technologies Co., the world’s second-largest producer of the metal, agreed to cut prices for domestic customers by as much as 25 percent after demand from plant builders fell... more ► |
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| Lithium | ► | Consolidated Abaddon confirms lithium, tantalum and cesium Consolidated Abaddon Resources Inc. has completed a seven hole, 1464 metres, diamond drilling program at its Raleigh Lake Lithium property located in the Kenora Mining Division in northwestern... more ► |
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| Potassium | ► | Amazon Mining confirms large potash resource at Cerrado Verde Amazon Mining Holding Plc reported it has received an initial National Instrument (NI) 43-101 compliant inferred mineral resource estimation for its Cerrado Verde potash project from Coffey Mining... more ► |
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| 11 Mar 2010 | Light Metals | ► | 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 ► |
| Lithium | ► | Fieldex may acquire 60% of Mantis Mineral's lithium-tantalum deposits Mantis Mineral Corp. has granted an option that allows Fieldex Exploration Inc. to acquire up to a 60 per cent interest in five mining claims at a lithium-tantalum deposit near Cochrane, in... more ► |
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| Exotic Metals | ► | Tungsten, Molybdenum, Tantalum, Manganese, Cobalt, Chromium, Cadmium, Niobium, Vanadium |
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| 13 Mar 2010 | Manganese | ► | Ken Reser interviewed on manganese Ken Reser was one of the first to start writing about molybdenum when most investors still had trouble spelling the word, back in 2005. Around that same time, Ken realized the potential of another... more ► |
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| Niobium | ► | Niocan positive about niobium and tantalum In perspective of the improvement of the rare earth market, Niocan Inc. had mandated in year 2000 J.R. Goode and Associates, Metallurgical Consulting to prepare a conceptual study on Niobium Refinery... more ► |
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| Tantalum | ► | Tantalum global supply declining The global economic downturn has disrupted the supply/demand fundamentals in the tantalum market in a way that may prove very beneficial to junior miners operating in conflict-free zones... more ► |
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| Chromium | ► | Indian ferro-chrome prices rise to $1.15/lb CIF China | |
| Manganese | ► | 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 ► |
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| 12 Mar 2010 | Molybdenum | ► | Antares Minerals acquires copper-molybdenum-gold project in Peru Antares Minerals Inc. announced it has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps... more ► |
| Cadmium | ► | Cadmium prices rise to $5.75/kg | |
| Exotic Metals | ► | Non-ferrous scrap market outlook Boris Bronneberg, Source Montan Handels... more ► |
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| Niobium | ► | Sarissa Resources confirms niobium and tantalum Sarissa Resources Inc. announced that the preliminary analytical results from step out hole DDH-10-83 have identified an extensive new zone of Nb2O5 mineralization... more ► |
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| Tantalum | ► | Consolidated Abaddon confirms lithium, tantalum and cesium Consolidated Abaddon Resources Inc. has completed a seven hole, 1464 metres, diamond drilling program at its Raleigh Lake Lithium property located in the Kenora Mining Division in northwestern... more ► |
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| Minor Metals | ► | Selenium, Silicon, Mercury, Indium, Antimony, Zirconium, Bismuth, Rhenium, Arsenic, Hafnium, Tellurium, Thallium |
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| 13 Mar 2010 | Tellurium | ► | Tellurium rises to $210/kg in China |
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| 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 ► |
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| 12 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 ► |
| 11 Mar 2010 | 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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| 10 Mar 2010 | Selenium | ► | Teck to supply germanium and indium feedstock to 5N Plus 5N Plus Inc., a leading producer and provider of high-purity metals and compounds for electronic applications, is pleased to announce that its wholly-owned subsidiary Firebird Technologies Inc... more ► |
| 8 Mar 2010 | Minor Metals | ► | 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 ► |
| 7 Mar 2010 | Antimony | ► | China's non-ferrous output up by 4% in 2009 According to the China Nonferrous Metals Industry Association, the output of China's 10 types of nonferrous metals exceeded 26 million tonnes in 2009 up 3.99% YoY... more ► |
| Zirconium | ► | Kenmare Resources to raise €200m for titanium mine Kenmare Resources intends to raise almost €200 million to boost production at its African titanium mine in anticipation of growing demand for the mineral in emerging economies... more ► |
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| 5 Mar 2010 | Matamec Explorations intersect rare earths at its Kipawa Deposit Matamec Explorations Inc. announced that the first group of assay results has been received for the November-December 2009 diamond drilling program on the Central part of the Kipawa REE-Y-Zr deposit... more ► |
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| 12 Mar 2010 | Uranium | ► | Central Iron Ore sells gold mines to buy iron ore projects Central Iron Ore Limited announced that it has today entered into an Option and Asset Sale Agreement with Natural Resource Investments Pty Ltd, for sale of its British King and Eureka gold mines for... more ► |
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| Strathmore Minerals orders feasibility study for its uranium mine in Mexico Strathmore Minerals Corp. announce that Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) has been contracted to prepare a Bankable Feasibility Study (BFS) to evaluate the overall project... more ► |
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| Uranium Resources announces 2009 Q4 and full year results Uranium Resources, Inc., today provided an update on the Company's financial position as of the year ended December 31, 2009 and on its strategies and outlook for 2010 and beyond... more ► |
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| 11 Mar 2010 | Thorium | ► | India's Atomic Energy dept designs thorium-based reactor The Department of Atomic Energy (DAE) has developed the design for a 300 MWe Advanced Heavy Water Reactor (AHWR) that is capable of generating most of its power from thorium-based fuel, as a... more ► |
| Rare Earth | ► | 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 ► |
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| Lithium and rare earths markets poised for growth One hybrid car requires 20 kilograms of lithium carbonate. By comparison, cellphone batteries need just a few grams. Some experts believe that as production of hybrid cars increases, so will the... more ► |
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| Uranium | ► | Canada sees recovery of uranium production The world's second biggest uranium-exporting country has overcome a period of low ore grades and operation problems to reach production levels last seen in 2005... more ► |
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| Spot uranium prices may rebound It would seem we missed the monthly report on the uranium industry by consultant TradeTech in our reporting last week. Otherwise we would not have reported a small gap between weekly U3O8 spot prices... more ► |
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| 10 Mar 2010 | Neodymium | ► | Lanxess to expand neodymium-polybutadiene rubber capacity The world's leading synthetic rubber company LANXESS has decided to expand the global capacity of its high-performance rubber Neodymium Polybutadiene (Nd-PBR)... more ► |
| Rare Earth | ► | Quantum Rare Earth acquires Silver Mountain Mines Corp Quantum Rare Earth Developments Corp. provided an update that the previously announced agreement to acquire Silver Mountain Mines Corp., a private Nevada corporation, is proceeding. On October 7,... more ► |
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| Other News |
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| 10 Mar 2010 | Metals | ► | 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 ► |
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| 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 ► |
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| 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 ► |
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| 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 ► |
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| 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 ► |
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| 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 ► |
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| 2 Mar 2010 | Chile earthquake to hit gold and copper prices Gold... more ► |
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| 25 Feb 2010 | Newmont Mining profits from soaring gold and copper prices Newmont Mining Corp. announced today that its fourth-quarter earnings skyrocketed as gold and copper prices soared related to cost cutting methods... more ► |
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| Azimut Exploration goes on with copper-cobalt-RE project in Quebec Azimut Exploration Inc. announces the signing of a letter of intent with 2227352 Ontario Inc. ("the Partner") regarding the Diana property, a major exploration project for copper, cobalt and rare... more ► |
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| World Bank's IFC halts Congo deals until copper-cobalt row resolved The World Bank's private investment arm, the International Finance Corporation (IFC), will not make new commitments in the Democratic Republic of Congo until a dispute over a cancelled mining... more ► |
