The seaborne coking coal spot market was largely stable on Thursday April 25 amid little change in offers and bids as participants awaited the conclusion of a miner's tender later this week.A cargo of premium mid-vol hard coking coal, scheduled for loading June 1-10, changed hands at $203 per tonne fob Australia, according to various sources. Meanwhile, a top Australian brand was offered at $207 p...Read More
Japan has increased its ferrous scrap exports to non-traditional markets on expectations of an oversupply of ferrous scrap from 2020 after the current wave of demand from the Tokyo 2020 Olympic Games ends, Genkichi Ando, chairman of the international network committee from the Japan Iron & Steel Recycling Institute, said this week.Japan started ferrous scrap exports to countries such as Bangladesh...Read More
A pilot project that creates a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the programme, diamond multinational De Beers Group, which is owned by diversified mining group Anglo American, said on Wednesday.The project, called GemFair, provi...Read More
Eastern promise for PolarXSPONSOREDpolarxKAZ produced 70,000 tonnes of copper over the January-March period, up 4% year-on-year.Read More
Eastern promise for PolarXSPONSOREDpolarxThe met coal division, which CEO Mark Cutifani said had accounted for 80% of the quarter-on-quarter output reduction, produced 4.Read More
Lead prices on the Shanghai Futures Exchange outperformed with an increase of 1.2% during morning trading on Thursday April 25 amid optimism over US-China trade talks next week and the metal's solid fundamentals.US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to China on April 30 to resume trade negotiations, according to a statement issued by the White...Read More
Eastern promise for PolarXSPONSOREDpolarxTeck has undertaken an internal process to look at which copper projects it wants to develop itself, which it will develop in partnership with other companies and which it will seek to monetise.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 point in pre-opening trade. Index futures were mixed following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 200,000 from 193,000 last week. Actual was 230,000. Consensus for March Durable Goods Orders was an increase of 0.8% versus a revised decline of 1.1 in Februar...Read More
Alloy-grade cobalt prices maintained their premium over standard-grade during the first half of this week amid a limited supply of cut cathode for spot market inquiries. Fastmarkets assessed the standard-grade cobalt price at $15.90-16.95 per lb, in-warehouse, on Wednesday April 24, up 1.5% from the previous week's assessment. Alloy-grade metal continued to trade at a premium but saw sli...Read More
China National Corporation for Overseas Economic Cooperation (CCOEC) won 34.64 tonnes of indium in Fanya Metal Exchange's second auction - ended at 10am Beijing time on Thursday April 25 - Fastmarkets understands from the official auction result posted on the Alibaba judicial online platform.As the only bidder at the auction, CCOEC took the indium at a price of 37.4112 million yuan ($5.57 million)...Read More
Fastmarkets has amended the minimum tonnage of its Chinese domestic indium price assessment to 100 kilograms to better reflect the dynamics of the market. The adjustment, effective Wednesday April 24, was made based on both market feedback and the internal data analysis during the consultation period.The goal of a minimum tonnage is to exclude any deal that, because of its small size or high price...Read More
Chinese cobalt sulfate prices were unchanged mid-week after their retreat on Friday April 19, but waning buyer interest and concerns over the surplus dynamics of key raw material cobalt hydroxide will continue to weigh on cobalt sulfate prices, market participants told Fastmarkets MB.Fastmarkets MB assessed the Chinese cobalt sulfate price at 51,000-54,000 yuan ($7,587- 8,033) per tonne on April 2...Read More
Capacity expansions among silicon producers in China's Xinjiang province and soft demand from the downstream secondary aluminium sector have combined to put the Chinese silicon market under pressure, Fastmarkets heard at Antaike's 2019 China Industry Silicon Conference on Wednesday April 24."Since the beginning of the year, prices for grade-553 silicon have been weakening - this despite southern C...Read More
Falling UG2 chrome ore prices in April have been partly caused by ferro-chrome smelters in China selling their raw material back to the market, sources told Fastmarkets. Fastmarkets' UG2 chrome ore index, cif China, has dropped every week so far in April and stands at $169 per tonne as of Tuesday April 23, down from $186 per tonne on March 29. The smelters are understood to have bought too much ma...Read More
China's stainless steel prices dropped slightly over the past week as sellers focused on destocking amid weak demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,500 yuan ($2,083-2,157) per tonne including value-added tax for the week ended Wednesday April 24, widening downward 100 yuan per tonne from 14,100-14,50...Read More
In case you missed part I yesterday, I was talking about Elizabeth Warren's new plan to erase outstanding college debts for roughly 45 million Americans and then make college "free" for everyone going forward.Now, there's no doubt that spiraling college costs - and a rapidly-growing pile of student loan debt - IS a problem.Indeed, as I pointed out yesterday, the average tuition and fees at a four-...Read More
Last summer on June 28th, I wrote to you and identified Air Canada (ACDVF) as a tremendously undervalued stock.Since then the rest of the market has caught onto the Air Canada story as the share price has subsequently risen more than 50 percent.I’m thrilled with how this has played out for us...But I don’t think that the Air Canada story is done.This stock is still BY FAR the best valu...Read More
China will continue to increase its ferrous scrap utilization rates as part of its "Blue Sky" environmental protection policies from 2019, Ma Hongchang, advisor at the Bureau of International Recycling said at the 12th China International Metal Recycling Conference 2019 in Zhuhai, China, this week."China will continue to promote the use of ferrous scrap in the coming years, especially through incr...Read More
An associate professor of metallurgical and materials engineering received the Faculty Excellence Award while the Department of Applied Mathematics and Statistics swept the Mines Teaching Awards at Colorado School of Mines' annual faculty awards celebration held April 24.The Faculty Excellence Award, which recognizes a tenured or tenure-track faculty member for significant and meritorious achievem...Read More
Twenty-two Colorado School of Mines faculty members who were awarded promotion and/or tenure were recognized at the annual faculty awards celebration held April 24.Applied Mathematics and StatisticsCecilia Diniz Behn, tenure and promotion to associate professorKarin Liederman Gregg, tenure and promotion to associate professorChemical and Biological EngineeringChristopher Higgins, promotion to prof...Read More