Ferrous scrap dock buying prices on the US East Coast weakened further despite the lack of fresh bulk sales, with the downward trend that started a week ago trickling into another export region, according to market sources.No cargoes were sold from either US coast over the past week, leaving bulk prices flat yet again. But - similar to the declines seen in Boston last week - some market participan...Read More
The stainless steel scrap market in the United States remains weak, with prices pressured by rising inventories at scrapyards, prompting some dealers to turn to the export market."Consumer melt schedules remain strong, but they just do not need much scrap right now," one major US processor source said."The export market has strengthened, with prices stronger in India, and Rotterdam has reported be...Read More
Domestic prices for ferrous scrap in Italy have been largely unchanged over the past month due to a good balance of supply and demand, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy remained at ?,?275-285 ($318-330) per tonne delivered on Thursday October 17, compared with ?,?270-290 per tonne delivered in September."The Italian scrap....Read More
Brazilian exports of pig iron totaled 187,026 tonnes in September this year, falling by 18.60% from 229,641 tonnes in the corresponding month in 2017, according to national foreign trade ministry MDIC.The main reason for the fall in exports was the reduced volume of deliveries to the United States.The North American country received 93,804 tonnes of Brazilian pig iron last month, down by 23.30% in...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 oreGlobal Ore, 170,000 tonnes, 62% Fe Brazilian Blend fines, sold at...Read More
Dear Reader,I have two stories to share with you today.They say that a picture is worth a thousand words. Study the diagrams below and see if you can pick up some of the distinctions between the two stories. If you’re financially intelligent, you can see important distinctions in the diagrams.Here is the first story:Here is the second story:The Power of Cash FlowThe first diagram depicts the...Read More
Seaborne iron ore prices went up on Wednesday October 17 amid bullish sentiment and a surge in the paper markets.MB 62% Fe Iron Ore Index: $73.36 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.39 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.75 per tonne cfr Qingdao, up by $2.05 per tonne.MB 58% Fe Premium Index: $61.4...Read More
As the end of October approaches, I’m noticing tombstones popping up in a number of my neighbor’s yards.Of course, my kids are getting excited about Halloween and binging on as much sugar as possible over the next few weeks. But while the fake tombstones in my neighborhood have my kids excited about candy, I’m seeing a number of Wall Street tombstones popping up in my daily resea...Read More
The seaborne coking coal spot market strengthened on Wednesday October 17 after end users outside of China snapped up cargoes at higher prices.While a November-laycan cargo of a top Australian brand was sold to a southern Chinese mill at $216 per tonne cfr China, an East Asian steelmaker paid $225 per tonne fob Australia for a similar shipment during the day, according to various sources.A 50,000-...Read More
- 2018 drill program expands the known Copper King mineralization- The eight-hole drill program was designed to further assess the westward extension of the Copper King deposit, initially intersected within the 2017 step-out hole, CK17-01rc- Multiple thick zones of copper, gold, zinc, and silver mineralization were intersected in five of the eight recently drilled holes- In addition, this new min...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday October 17*Copper -$112.17 (-778.14 yuan) Aluminium -$454.08 (-3,150.06 yuan) Zinc -$23.09 (-160.16 yuan) Nickel $242.03 (1,679.03 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
China's domestic hot-rolled coil prices remained flat on Wednesday October 17, though the export index dropped amid weak demand. DomesticEastern China (Shanghai): 4,230-4,250 yuan ($612-614) per tonne, unchangedNorthern China (Tianjin): 4,120-4,130 yuan per tonne, unchangedEnd users continued to consume HRC at a steady rate and appeared to have no plans to stock up on materials, a trader in Shangh...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: HRCHot-rolled coilEast China, domestic, commercial-grade...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, cobalt sulfate, Co 20.5% min, China ex-works, adjustment to low-grade cobalt low-end price at Co 20.5% basis, $/Ib is showed in the bracket, at $ per lb basis. Fastmarkets MB prices Click here for Fastmarkets MB'...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsThough no official government statement has been issued, Reuters has cited anonymous bureaucrats within t...Read More
Longtime Colorado School of Mines coach and administrator Marv Kay has been announced as a member of the Colorado Sports Hall of Fame's Class of 2019.Kay will be joined in this year's class by Olympic gold medalist swimmer Missy Franklin, Nordic combined silver medalist Todd Lodwick, former NFL standout Daniel Graham, longtime Wray High School wrestling coach Bob Smith, and track standout and Spec...Read More
Will Fleckenstein, adjunct professor of petroleum engineering and director of strategic relationships and enterprises for earth resources and environmental programs at Colorado School of Mines, was recently interviewed by ABC Denver7 about horizontal drilling and Proposition 112.Watch the full segment below: Read More
Kathryn Johnson, associate professor of electrical engineering at Colorado School of Mines, was recently interviewed by the Boulder Daily Camera about new wind turbine technology set to be tested at the National Renewable Energy Laboratory's National Wind Technology Center. Johnson is collaborating with researchers at the University of Virginia, NREL, Sandia National Laboratory, University of Colo...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 17:Aluminium scrapGroup 1 pure 99% & litho: ?1,400-1,450 per tonne from ?1,410-1,460Commercial pure cuttings: ?1,100-1,160 per tonne from ?1,110-1,160Clean HE9 extrusions: ?1,400-1,450...Read More
Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in the state of Goias in Brazil. The study raises the project's after-tax net present value (NPV) and after-tax internal rate of return (IRR) while lowering its initial capital expenditure.The former 2017 PFS outlined a US$223 million af...Read More