METALS, MINING AND MONEY MARKETS (February 28, 2011)

SPOT PRICES

COURTESY OF SCOTIABANK

Tuesday, Feb. 22, 2011

Precious MetalsPrice (US$/oz.)Change

Gold $1394.50+22.25

Silver $32.89+2.17

Platinum $1823.00-17.00

Palladium $837.000.00

Base MetalsPrice (US$/tonne)Change

Nickel $28860.00-35.00

Lead $2562.50-91.00

Copper $9653.00-453.00

Zinc $2490.00-4.50

LME WAREHOUSE LEVELS

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 21, 2011 (change from Feb. 14 in brackets):

Aluminium Alloy 79520(+100)

Aluminium 4621325(+26600)

Copper411475(+9700) 

Lead 296750(+1175) 

Nickel 129222(-1200) 

Tin 17540(-55) 

Zinc 708675(-400)

PRODUCER AND DEALER PRICES

Antimony: Mid-mkt US$14,250/t

Bismuth: Mid-mkt US$9.55/lb.

Cadmium: Mid-mkt US$1.50/lb.

Coal: EIA Central Appalachian thermal, US$77.70/t; Powder River Basin thermal, US$14.55/t; Northern Appalachian, US$73.25/t; US EIA metallurgical, US$163.81/t. CME Group Central Appalachian Coal Futures Mar. 2011: US$67.20; Apr. 2011: US$67.23 

Cobalt: Recent trades US$21.50-23.00/lb.

Copper: Comex Copper Futures Mar. 2011: US$4.324/lb.; Comex Apr. 2011: $4.332/lb.

Indium: Mid-mkt US$573.00/kg.

Iridium: Mid-mkt US$1025.00/tr. oz.

Magnesium: Mid-mkt US$3,100.00/t.

Manganese: Mid-mkt US$3,560.00/t.

Mercury: Mid-mkt US$1,850.00/flask (76 lb.).

Molybdenum: Oxide, recent trades US$17.70-18.00/lb.

Rhodium: Mid-mkt US$2,450.00/tr. oz.

Ruthenium: Mid-mkt US$180.00/tr. oz.

Selenium: Mid-mkt US$59.00/lb.

Silver: Base: US$32.99; Fabricated: US$39.59; Sterling: US$30.59

Tantalum: Ta2O5 ore, mid-mkt US$39.50/lb.

Tin: Kuala Lumpur Tin Market, US$32.40/kg. 

Tungsten: APT Tungstate mid-mkt: US$340.00 per mtu

Uranium: U3O8, Uranium Exchange Co. spot price: US$72.25/lb.; Trade Tech spot price US$68.50/lb.

Ferrovanadium: Free Market V2O5, recent trades US$6.75-7.00/lb.

Prices current Feb. 22, 2011


DAILY METAL PRICES

DateFeb. 21Feb. 18Feb. 17Feb. 16Feb. 15

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)

Al Alloy2350/23302325/23052320/23002330/23102320/2300

Aluminum2531/25652508/25402473.50/25052476/25052482/2509.50

Copper9829/98149805/97959799.50/97859924.50/9904.5010106/10109

Lead2657/26632610/26152586/25812618.50/26172653.50/2647

Nickel29025/2905028280/2835028295/2832028550/2855028895/28905

Tin32350/3235031750/3179031450/3145032425/3255032545/32590

Zinc2545/25722515/25452460.50/24892477/25082494.50/2517

PRECIOUS METAL PRICES (London fix, US$ per troy oz.)

Gold AM1399.501385.501377.001374.501372.25

Gold PM1403.001383.501379.001371.251372.75

Silver33.4331.9430.6130.7730.72

Platinum1847.001836.001834.001828.001842.00

Palladium858.00847.00839.00840.00845.00

LEGEND

LEGEND

A-Australian Stock Exchange

C-CNSX Canadian National Stock Exchange

J-Johannesburg Stock Exchange

L-London Stock Exchange

M-Mexico Stock Exchange

N-New York Stock Exchange

O-U.S. over-the-counter

Q-NASDAQ or U.S. OTC

T-Toronto Stock Exchange

V-TSX Venture Exchange

X-NYSE Alternext U.S.

*-Denotes price in U.S.$

STAFF INVESTMENT POLICY

The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public offerings or to engage in short selling.

CONVERSIONS OF WEIGHTS & MEASURES

1 troy ounce = 31.1 grams

1 kilogram = 32.15 troy ounces

1 kilogram = 2.2046 pounds

1 (metric) tonne = 1,000 kilograms

1 (metric) tonne = 2,204.6 pounds

1 (short) ton = 2,000 pounds

1 (metric) tonne = 1.1023 (short) tons

1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton

= 0.03215 troy ounces per (metric) tonne

1 kilometre = 0.6214 miles

1 hectare = 2.47 acres

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