The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021. Considering that Mutanda is the world’s largest cobalt mine and...
Read moreThe London Metal Exchange is preparing a new rule designed to reveal the huge stockpiles of metal held in private storage, shining a light on one of the industry’s most opaque areas for the first time. Owners would have to notify the LME if they...
Read moreChina’s alumina output rose by 5.4% year-on-year to 6.41 million tonnes in June, its highest in more than two years, according to data released by the National Bureau of Statistics on Tuesday. * Figure is highest monthly total since May 2017...
Read moreToronto-based PowerOre has received promising assays from two more drill holes at the Opemiska copper mine complex near Chapais. The location puts the project within Quebec’s Plan Nord. Hole OPM-19-08 returned 0.04% copper, 2.84% zinc, 1.95 g/t...
Read moreGlobal mined zinc production will continue to ramp up as strong zinc prices prompt miners to bring idled capacity back online and invest in new projects, according to a new Fitch Solutions report. The analyst’s outlook for global zinc production...
Read moreIndustrial metal markets are taking a breather as they await tangible evidence that China’s latest stimulus package is feeding through to a flagging manufacturing sector. April’s purchasing managers indices, weaker than expected but...
Read moreZinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days’ worth of global consumption. Inventories are down 55% this year and are on course to arrive...
Read more* China’s refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday. * Output on a daily basis works out at around 22,712 tonnes, according to...
Read moreIn this interview at the recent PDAC 2019 Convention in Toronto, NAI500 spoke with Jeff Hussey, CEO of Osisko Metals Incorporate (TSXV:OM) about the company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories of...
Read moreIn this interview at the recent PDAC 2019 Convention in Toronto, NAI500 spoke with Jack Stoch, CEO of Globex Mining Enterprises Inc.(TSX:GMX) about its innovative strategy for incubating mining projects throughout Canada and the US.
Read moreCanadian miners continued going down the slippery slope in the last three months of 2018 due mostly to weak commodity prices, triggered by a slowdown in China’s economy near the end of the year, the latest report by Ernst & Young (EY)...
Read moreMiner and trader Glencore on Friday stuck to its 2019 production targets and said cobalt output last year soared 54 percent while copper rose 11 percent due to the restart of operations in the Democratic Republic of Congo. Production of cobalt...
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