B2Gold Corp. (TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports that second-quarter gold production was roughly double the same period a year ago as the company’s new Fekola gold mine in Mali exceeded expectations. Consolidated output was a quarterly record 240,093 ounces, a jump of 98% (or 118,645 ounces) from the year-ago quarter and also 7% (or 16,308 ounces) above budget, B2Gold says. The...Read More
On Tuesday afternoon, President Trump issued a new round of tariffs on $200 billion of Chinese goods, sending equities to a 200-point sell-off in less than five minutes. This happened at 4:55 p.m. EDT as the extended futures session was about to close. The selling continued overnight, adding another 200 points to the downside with the VIX popping 1.00 higher. While all this action was going on, go...Read More
The latest news and price moves to start the Asian day on Wednesday July 11.Base metals prices on the London Metal Exchange ended predominantly lower on Tuesday July 10, led by a more than 2% drop in zinc prices while ongoing uncertainty around Sino-US trade relations hampers the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper...Read More
The latest news and price moves to start the Asian day on Wednesday July 11.Base metals prices on the London Metal Exchange ended predominantly lower on Tuesday July 10, led by a more than 2% drop in zinc prices while ongoing uncertainty around Sino-US trade relations hampers the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper...Read More
The latest news and price moves to start the Asian day on Wednesday July 11.Base metals prices on the London Metal Exchange ended predominantly lower on Tuesday July 10, led by a more than 2% drop in zinc prices while ongoing uncertainty around Sino-US trade relations hampers the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper...Read More
Tin premiums in Europe have softened over the week to Tuesday July 10 after dwindling demand began to take root over the summer period, while premiums in the United States and China held steady on abundant supply and minimal spot activity. Supply flows unsettle European tin market Rotterdam 99.9% tin premiums soften as demand weakens China, US premiums flat Tin premiums fall again in...Read More
Lead prices on the London Metal Exchange fell over 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Lead prices on the London Metal Exchange fell by more than 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Fueled...Read More
An open import arbitrage in China helped support nickel premiums in the week to Tuesday July 10, while premiums were unchanged in Europe and the United States. Open import window push premiums in China higher Premiums unchanged in Europe in quieter summer season US demand and premiums stable Chinese premiums up amid open import window Shanghai-bonded Nickel premiums rose at the l...Read More
Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.The Toronto, Canada-based vanadium producer saw total production reach 2,458 tonnes of V2O5 at the Brazilian mine during the second quarter of 2018, up 13% from 2,183 tonnes in the same y...Read More
Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.The Toronto, Canada-based vanadium producer saw total production reach 2,458 tonnes of V2O5 at the Brazilian mine during the second quarter of 2018, up 13% from 2,183 tonnes in the same y...Read More
Turkish steel mills declined to make any bookings of deep-sea scrap cargo on Wednesday July 11 but the market widely expects them to purchase more material for August.The mills had returned to the deep-sea scrap markets, buying four cargoes on July 6 and Tuesday July 10 - they paid $343-348 per tonne cfr for USA-origin HMS 1&2 (80:20).More...Read More
Comex copper prices set a new low this morning on July 11 in the US, with President Donald Trump threatening an additional $200 billion in tariffs on Chinese goods.Copper for September settlement on the Comex division of the New York Mercantile Exchange tumbled 8.45 cents or 3% to $2.7550 per lb. Continued uncertainty surrounding trade relations between the United States and China have added...Read More
An escalation in the United States' trade war with China, with another $200 billion of Chinese goods now potentially facing tariffs, has rattled base metals prices during early trading on Wednesday July 11. Three-month base metals prices on the London Metal Exchange were down across the board by an average of 2.8%, led by a 4.1% decline in zinc. Three-month copper was down by 3.5% at $6,124 per to...Read More
The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More
Activity in the European market for hot-rolled coil (HRC) has been slow this week, with buyers keeping to their wait-and-see positions ahead of the announcement of a provisional decision in a regional safeguard case, sources told Metal Bulletin on Wednesday July 11.The European Commission (EC) is expected to set preliminary measures in the case either later this week or early next week, according...Read More
European steel plate producers are aiming for a further rise in domestic prices after successfully implementing increases earlier this month, sources told Metal Bulletin.Although not many deals have been reported due to the seasonal summer slowdown, the outlook is positive and sellers are likely to achieve transaction price increases after the rise in official offers, according to m...Read More
Domestic prices for steel beams in Europe remained unchanged this week, despite mills cutting offer prices in response to the arrival of low-priced imported material, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe were flat week on week at ?,?590-630 ($692-739) per tonne delivere...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe strengthened over the past week, amid supply concerns before the expected preliminary decision in the EU safeguard case, sources said on Wednesday July 11.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe was ?,?530-550 ($622-645) per tonne delivered on Wednesday, up fro...Read More
Prices for seaborne Australian iron ore fines and lumps fell slightly on Wednesday July 11 while more details emerged over possible measures to cut emissions in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.34 per tonne cfr Qingdao, down $0.57 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.16 per tonne cfr Qingdao, down $0.66 per tonneMetal Bulletin 58% Fe Premiu...Read More
China's steel futures rose during morning trading on Wednesday July 11 having started the day weak, while the steelmaking raw materials contracts ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,872 yuan ($584) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,944 yuan per tonne, up 36 yuan per t...Read More