Some physical iron ore sellers made offers on the low side on Thursday November 22 amid losses in paper markets and concerns over shrinking steelmaking margins.MB 62% Fe Iron Ore Index: $72.18 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Pilbara Blend Fines Index: $71.37 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $75.82 per tonne cfr Qingdao, down $2...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, tender, 109,819 tonnes of 61.36% Fe Standard Sinter Feed Guaiba, sold at the January average of the Fastmarkets MB...Read More
The inactivity in the seaborne coking coal market persisted on Thursday November 22 amid talk that prices are softening following the exit of Chinese buyers due to import restrictions in the country."There is still demand but the supply [tightness has eased] since China can no longer buy cargoes in the near term. While the market is not crashing, current prices should correct downward," an Indian...Read More
China's ferrous futures were largely steady during morning trading on Thursday November 22, with both steel and steelmaking raw materials contracts ending the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,718 yuan ($536) per tonne, down 2 yuan per tonneJanuary hot-rolled coil: 3,612 yuan per tonne, unchangedDali...Read More
China's hot-rolled coil market regained some stability on Thursday November 22 with buyers continuing to hold back from restocking.DomesticEastern China (Shanghai): 3,770-3,780 yuan ($543-545) per tonne, narrowing upward 10 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 10 yuan per tonneTrading activity remained sparse during the day. A Zhejiang-based trader told Fastmark...Read More
China's domestic rebar prices experienced a slight rebound on Thursday November 22 following gains in the billet market.Domestic Eastern China (Shanghai): 3,990-4,020 yuan ($575-579) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 3,820-3,850 yuan per tonne, up 10-20 yuan per tonneThe price of billet regained some of the losses incurred in the past few days, which provided support to t...Read More
The latest metal markets news and price moves to start the North American day on Thursday November 22. The majority of base metals prices on the London Metal Exchange were rangebound during morning trading while overall volumes remain light.Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine...Read More
The price of cobalt sulfate in China continued to fall this week amid slow trades and aggressive buyer bidding. At the same time, a number of producers told Fastmarkets that they have stopped offering material into the market because prices are below levels at which they can make a profit. Fastmarkets assessed the price of cobalt sulfate (Co 20.5% min) in China on an ex-works basis at 74,000-78,00...Read More
Brazilian steelmaker Gerdau plans to invest $210 million in its special steels division to increase production and benefit from future demand from the automotive industry and the oil and gas sector, the company said on Thursday November 22.Gerdau's Pindamonhangaba plant, in Brazil's S??o Paulo state, will have $140 million of capital expenditure, while $70 million will go to its mill in Monroe, in...Read More
China's domestic stainless steel prices kept decreasing over the past week with sellers putting in more effort to destock.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,800-15,500 yuan ($2,133-2,234) per tonne including VAT for the week ended Wednesday November 21, down 100-300 yuan per tonne from a week earlier.Market inventory le...Read More
Weak demand for stainless steel in East Asia continued to weigh on offers, and consequently import prices in the region over the past week.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,990-2,060 per tonne cif East Asia for the week ended Wednesday November 21, narrowing from $1,950-2,070 per tonne cif a week earlier.Fastmarkets MB's imp...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsGlobal equity markets had started to wobble in the early weeks of 2018 with a nine-day drop of 9% after a n...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsI do love a good car-boot sale. Early Sunday morning, coffee in hand, happy dog and moaning children a...Read More
Copper supply has surprised this year, but not in the way everyone expected.It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike, and possibly more.In the event there was none.By copper's standards it has been a remarkably smooth year for mine production, leaving analysts struggling to fill the cus...Read More
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.In the third quarter, Maverix recorded attributable gold-equivalent ounces sold of 6,195 ounces, and in the nine months ended Sept. 30, the company's total attributable gold-equivalent production reached 15,236...Read More
Delrey Metals (CNSX: DLRY) has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in southwest British Columbia.In September 2018, the company took 708 soil samples at Sunset as well as 68 rock samples and 11 stream sediment samples. The company had previously collected 436 soil samples at Sunset, and a previous operator collected 938 soil samples. As a...Read More
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Copper supply has surprised this year, but not in the way everyone expected.Read full newsRead More
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