Digging Deep

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Semi-finished Steel Products Trade Log, January 15, 2019

January 16, 2019 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletOman, export, billet, offered...Read More

EU's proposed safeguard decision will have 'little effect' on flat steel imports except HDG

January 16, 2019 / www.metalbulletin.com

Definitive measures proposed by the European Commission (EC) in the region's safeguard case against steel product imports are unlikely to have any major effect on Europe's imports of flat steel, market sources have told Fastmarkets.The only exception would be in the hot-dipped galvanized coil (HDG) sector, where the EC decided to split its originally proposed product category into two sub-groups,...Read More

CIS LONG STEEL EXPORTS: New bookings push prices further down

January 16, 2019 / www.metalbulletin.com

The negative sentiment in the global long steel market has forced rebar and wire rod producers in the Commonwealth of Independent States (CIS) to cut prices to attract foreign customers.The ongoing weakening in the Turkish domestic and export long steel prices - particularly in rebar - amid soft domestic demand in Turkey, as well as in the United States and Europe, formed some of the driving force...Read More

Emmerson moves forward with Africa's hottest new potash project

January 15, 2019 / www.mining.com

Potash development company Emmerson (LON:EML) is ticking all the right boxes as it speedily progresses with the development of its 100%-owned Khemisset potash project in northern Morocco.The London-listed miner said Tuesday it had completed a scoping study at Khemisset, which confirms the project's technical and economic viability, and will now push on towards production.Emmerson has completed a s...Read More

World class potash project in Eritrea closer to development

January 15, 2019 / www.mining.com

It's not easy for most investors to get excited about potash, a fertiliser - and less so about Eritrea, a north African country which spent years on a United Nations sanctions list.But times do change and there is a small company poised to benefit from growing global fertilizer demand and the international rehabilitation of Eritrea.Continue reading ...Read More

CIS FLAT STEEL: Market stabilizes as prices come closer to workable for buyers

January 16, 2019 / www.metalbulletin.com

The export market for hot rolled coil (HRC) from the Commonwealth of Independent States (CIS) has stabilized as prices approach levels workable for buyers, sources told Fastmarkets on Monday January 14. Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was stable at $440-460 per tonne fob Black Sea on January 14. "The market looks more stable now. Buyer...Read More

Nutrien merger effects ongoing one year later

January 14, 2019 / www.mining.com

After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More

Production up 13% year-on-year as copper prices, although weak copper price will hit cashflow

January 15, 2019 / www.mining-journal.com

The Spain-focused miner produced 42,114 tonnes of copper in 2018 at Proyecto Riotinto, up 13% on 2017 and above the increased high-end guidance of 41,000t.Read More