Global insight

Molybdenum Oxide Slides Further With Aggressive Offers, Sales

October 13, 2015 - Molybdenum oxide prices started a new week on a weaker note, as further aggressive sales and offers pushed the market lower. The Platts daily dealer molybdenum oxide assessment fell to $4.70-$4.80/lb on Monday from $4.80-$4.90/lb on Friday....

Wednesday, October 14, 2015

Nickel Prices Rebound Boosted by Speculation of Glencore Output Cuts

Nickel prices have rebounded after dropping to a near seven-year low last week, buoyed by market speculation that heavily indebted miner and trader Glencore Plc could curb output following cuts to its copper and zinc production.

Tuesday, October 13, 2015

Gulf Minerals : Manganese Ore Supply Update

It should also be noted that in respect of the more recent information and location of prospects, a number of those identified included possibly planned smelters, although there is no certainty that any planned smelter will proceed and to date apart from Gulf'...

Tuesday, October 13, 2015

Western Areas to Cut 2016 CAPEX

Nickel miner Western Areas will defer nearly A$32.6-million in capital expenditure from 2016 to 2017 as it battles the sustained decline in nickel prices.

Monday, October 12, 2015

Asia Slowdown Stalls US$233M Manganese Mine

A planned US$233 million manganese mine at Matthews Ridge, Region One by Canadian firm Reunion Gold Corporation is at a standstill having been affected by the economic slowdown in Asia and other parts of the world making it difficult for the company to find fi...

Monday, October 12, 2015

Canada Benefits from the Nickel Tariffs Elimination

Under the TPP, nickel products would also benefit from Japan eliminating a 3% tariff within ten years. The country had also agreed to cut tariffs of up to 7.9% within ten years for petroleum products and Vietnam was expected to drop tariffs of up to 30% within...

Monday, October 12, 2015

Glencore Advances First Tranche of $30m Loan to PolyMet

TSX- and NYSE MKT-listed PolyMet Mining has received the first tranche of $6-million under a $30-million loan facility due on March 31, 2016, giving the project developer about $10.3-million working capital to advance its NorthMet copper/nickel/precious metals...

Monday, October 12, 2015

BHP to Cut 37 Jobs at Kambalda Concentrator

Mining giant BHP Billiton will cut some 37 staff from its Kambalda concentrator, in Western Australia, as third-party providers cut ore supply.

Saturday, October 10, 2015
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