The following Fastmarkets noble alloys and ores prices changed on Wednesday October 24:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.20 per lb from $11.90-12.00Ferro-molybdenum...Read More
The following Fastmarkets minor metals prices changed on Wednesday October 24:Minor metalsAntimony MB free market regulus, $/tonne: $8,150-8,400 per tonne from $8,150-8,500Antimony MMTA standard grade II, $/tonne: $8,100-8,350 per tonne from $8,150-8,450Bismuth MB free market, $/lb: $3.80-4.30 per lb from $3.90-4.40Cobalt MB free market high...Read More
Ferrous scrap export prices rose on a fresh bulk cargo sold from the US East Coast to Turkey, steadying export yard buying prices and containerized shredded scrap prices while West Coast export prices face downward pressure from a slowdown in Asian demand. After a three-week lull, a Turkish steelmaker booked an East Coast cargo on Tuesday October 23 at $331 per tonne cfr for 33,000 tonnes of No1 a...Read More
A Turkish steel producer booked a US deep-sea cargo earlier this week, bringing prices down on Wednesday October 24, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 33,000 tonnes of HMS 1&2 (80:20) at $331 per tonne, 5,000 tonnes of shredded at $336 per tonne and 2,000 tonnes of bonus grade at $341 per tonne cfr.This cargo was sold...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 transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at $80 per tonne cfr China, laycan November 26-December 5.Corex, 170,000 tonnes of 62% Fe Pilbara Blend fines, sold at the Nove...Read More
Limited availability pushed iron ore prices up on Wednesday October 24 amid a bullish futures market.MB 62% Fe Iron Ore Index: $74.73 per tonne cfr Qingdao, up by $0.42 per tonne.MB 62% Fe Pilbara Blend Fines Index: $73.76 per tonne cfr Qingdao, up by $0.42 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $80 per tonne cfr Qingdao, up by $1.30 per tonne.MB 58% Fe Premium Index: $67.77 per tonne cfr...Read More
Can you borrow money to buy stock? From a bank, no. But there are alternate ways to obtain funds for investing in stocks.You may hear from time to time that banks do not loan money for stock trading. That may be, but it doesn't mean you can't borrow money to invest in the stock market.Once you get enough experience and education, your friends and family may want you to invest their money to help t...Read More
Trading activity in the seaborne coking coal market was muted on Wednesday October 24, with buyers biding their time to gauge the direction of prices.A cargo of premium hard coking coal was offered at around $216 per tonne fob Australia, sources said during the day. There was no word of a transaction being concluded by the cut-off time for Fastmarkets' data collection for its indices.A buyer sourc...Read More
South Korea continued to purchase heavy melting scrap this week on stable demand from a major steel mill.A 20,000-tonne cargo of HMS 1&2 (80:20) quality from New Zealand was transacted at $354 per tonne cfr South Korea this week, market sources said.Demand from South Korea has been regular in recent weeks, with South Korean steel mills entering the spot market again after bellwether Turkish import...Read More
Ever wish you got a “do-over” when it comes to your investment decisions?I know a lot of people who remember the financial crisis and wish to god they could go back in time. Because if you invested in the market at the end of the 2008 crisis - and held through the 10-year bull market that followed - your returns would be tremendous!Unfortunately, you can’t go back in time and inv...Read More
Taiwan's ferrous scrap imports dropped by 14% on the year in August, according to the territory's customs agency.The island imported 245,579 tonnes of ferrous scrap during the month, 38,931 tonnes lower than the 284,510 tonnes it took in a year...Read More
China's ferrous futures advanced across the board during morning trading on Wednesday October 24 amid relatively positive sentiment in the physical market.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,187 yuan ($603) per tonne, up 40 yuan per tonneJanuary hot rolled coil: 3,909 yuan per tonne, up 25 yuan per tonneDalian Commodity Exchange January iron ore: 528...Read More
Calgary, Alberta (October 24, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to provide an update on the Kena-Daylight and Toughnut gold properties, located near Nelson in the highly prospective Kootenay Boundary region of southeastern British Columbia. The region, which includes the Greenwood area, has been established since...Read More
The latest metal markets news and price moves to start the North American day on Wednesday October 24.Base metals prices on the London Metal Exchange were predominantly higher during morning trading, buoyed by a bounce in Asian stock indices while a two-month high in the US dollar index did little to offset fresh buying momentum.Despite high risk-aversion prompting a downtrend in base metals price...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday October 24 *Copper -$127.83 (-889.00 yuan) Aluminium -$430.54 (-2,994.08 yuan) Zinc -$117.26 (-815.44 yuan) Nickel $395.84 (2,752.80 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Wednesday October 24, buoyed by a bounce in Asian stock indices while a two-month high in the US dollar index did little to offset fresh buying momentum.Despite high risk-aversion prompting a downtrend in base metals prices earlier in the week, investor confidence was lifted on Wednesday morning wit...Read More
Antofagasta's copper production jumped by 15.4% in the July-September quarter, the company said on Wednesday October 24. The Chilean miner's copper production was 188,300 tonnes during July-September quarter, up by 15.4% from the April-June quarter. Copper output in the first nine months totaled 505,500 tonnes, down 4% from the corresponding period in 2017, mainly due to lower...Read More
The underlying theme remains unchanged with the base metals prices continuing to oscillate within sideways trends, although some prices, such as tin and zinc, are starting to edge higher. Sentiment in China has improved after Chinese officials have taken steps to ease credit tightness in the private sector by helping companies raise money in the capital markets.After a down day on Tuesday October...Read More
Galan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsuWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsTime was, when people were prepared to listen. It wasn't that l...Read More
An interdisciplinary team of Colorado School of Mines researchers has been awarded National Science Foundation funding to develop a prototype of a "smart" irrigation system that can consider sensor data, user-defined thresholds and weather forecasts to determine when and where to water.Junko Munakata Marr, professor of civil and environmental engineering, and Qi Han, associate professor of compute...Read More