Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...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 oreBHP, Global Ore, 90,000 tonnes of 62% Newman fines, sold at...Read More
Participants remain divided over how they think the seaborne coking coal market would trend following a recent price surge.The MB Premium Hard Coking Coal Index fob Australia breached the $220-per-tonne mark on Wednesday October 17, its highest since March 12 this year. The index was unchanged on Thursday, at $222.71 per tonne, with no trades confirmed by the data collection cut-off time for the d...Read More
China's ferrous futures ended morning trading slightly higher than their opening prices on Thursday October 18, having been trending downward since during Wednesday night's session. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,168 yuan ($602) per tonne, up 3 yuan per tonne January hot rolled coil: 3,921 yuan per tonne, up 2 yuan per tonne Dalian Commodity Exc...Read More
If you're like me, you were taught that the way to make money was to get a job. I was programmed to be an employee. If you went through the American education system, you were probably programmed the same way. "Go to school, get a good job," and later, we were all told, "Invest in a 401(k)." That was and still is the American dream being shoved down the throats of students.That advice might have...Read More
For half a century it has been an act considered completely off limits...A taboo subject...Too dangerous to even mention.Leave it to the world’s most dangerous man to change all of that.Saudi Crown Prince Mohammed bin Salman (MBS) is the de facto ruler of Saudi Arabia. His father is the actual king, but he is in poor health and everyone knows that the Crown Prince is running the show.For mon...Read More
The latest news and price moves to start the Asian day on Friday October 19.Base metal prices on the London Metal Exchange fell at the close of trading on Thursday October 18 due to a firmer US dollar index, although zinc was relatively steady thanks to low stocks and the threat of more sanctions by the United States. Read more in our live futures report.Here are how prices looked at the...Read More
Yesterday came the big bounce…The Dow Jones roared back to life with a 548-point spree - its grandest performance since March.The S&P jumped 59 happy points. The Nasdaq had itself a day at the races, up 214 points - percentagewise, better even than the Dow.Gold was down. So was volatility... and the 10-year Treasury yield.So we wonder…What gusting updrafts barreled through the cany...Read More
Vale's cobalt production fell 31% in the third quarter of 2018 mainly due to decreased output from its Sudbury and Voisey's Bay operations. Vale produced 1,028 tonnes of cobalt in the three months to the end of September compared with 1,489 tonnes in the same quarter of 2017. A 22.5% fall in third-quarter production from Voisey's Bay to 371 tonnes from the previous quarter was caused by scheduled...Read More
Ningxia Tianyuan, the world's largest manganese flake producer, is expected to resume production at its 800,000-tonne-per-year capacity site in December, sources told Fastmarkets MB. The company is currently operating at a reduced capacity of 600,000 tpy after it suspended one of its production lines in May, according to the sources. Ningxia Tianyuan, which accounts for around 40% of global mangan...Read More
Chinese cobalt metal and salts prices fell in the midweek pricing session following an 17.8% drop in local futures contract prices, which dented buying sentiment. Fastmarkets MB's Chinese domestic cobalt metal price fell by 3.6% to 450,000-490,000 yuan per tonne ($25.52-27.68 per lb, China-VAT free) on Wednesday October 17, from 475,000-500,000 yuan per tonne on Friday. Market participants at...Read More
Import prices for stainless steel in East Asia fell over the past week amid sluggish regional demand and the emergence of lower offers.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,050-2,150 per tonne cif East Asian ports for the week ended Wednesday October 17, down $10-50 per tonne from a week earlier.Fastmarkets MB's assessment of import prices f...Read More
China's domestic stainless steel prices moved down over the past week amid low demand and high inventory levels. Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,600-15,900 yuan ($2,252-2,296) per tonne including VAT for the week ended Wednesday October 17, down 200 yuan per tonne from a week earlier.Demand remained soft over the pas...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 metalsDespite being a banker and one-time analyst, I have to confess cash management was never my strong suit.&...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 metalsAll three companies have proposed treating beneficiated kaolin - a form of aluminous clay - with hydrochl...Read More
This Miner Moment bonus segment features Salim Teja, president of venture services at the MaRS Discovery District in Toronto, as he welcomes delegates of The Northern Miner's Progressive Mine Forum held at MaRS in mid-October 2018.Salim updates us on MaRS' evolving role as a major incubator for new Canadian tech businesses and other ventures. For more information, visit www.marsdd.com.Northern Mi...Read More
Since closing its acquisition of the South Crofty tin project in Cornwall in July 2016, Strongbow Exploration (TSXV: SBW) has wasted little time laying the groundwork to put the former underground mine back into production.South Crofty was the last tin mine to close in the U.K. in 1998 and has a mining licence valid until 2071.Last year the company secured a water discharge permit to dewater the f...Read More
Orbit Garant Drilling (TSX: OGD), one of Canada's largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that success in West Africa.In December 2015, the Val-d'Or based company bought Captagua Ingenieria, a Chilean drilling company based in Santiago. Since then Orbit Garant has grown its revenue base in the South American count...Read More
Alio Gold (TSX: ALO; NYSE: ALO) has boosted measured and indicated resources at its operating Florida Canyon gold mine in Nevada by 52% over the previous estimate, contained in a 2016 preliminary economic assessment (PEA).The project now contains 132.9 million measured and indicated tonnes grading 0.4 gram gold per tonne for 1.7 million oz. gold, assuming a US$1,350 per oz. gold price. It also co...Read More
India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 - and this would still be a noteworthy achievement.Wood Mackenzie's solar analyst Rishab Shrestha explains why."India faces a myriad of challenges in the renewables industry. The rec...Read More