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...Read More
Seaborne iron ore prices and premiums advanced on Thursday November 8, on continuing concerns over Australian supplies and following a rebound in China's futures market.MB 62% Fe Iron Ore Index: $76.27 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.90 per tonne cfr Qingdao, up $1.52...Read More
Last December, Congress passed the largest U.S. tax system overhaul in more than 30 years - a $1.5 trillion tax cut, but America's middle class will see less than a quarter of the savings under the legislation.In 2018, middle-income households - those earning $20,000-$100,000 - will see a tax cut of about $930 on average.Just about half of American adults live in middle-class households, down from...Read More
The American people executed their civic responsibilities yesterday... and the latest "most important elections ever" have been decided.The long-anticipated "blue wave" broke upon a red reef... and lost its oomph.Instead a "purple wash" came lapping ashore last evening.Democrats seized command of the House. Requiring 23 seats, they collared at least 26... and may extend their lead once all votes a...Read More
Trading activity in the seaborne coking coal market remained scarce on Thursday November 8, leaving participants with a murky outlook in the absence of transactional cues.A bid was made for a cargo of premium hard coking coal at around $212 per tonne fob Australia during the day, but no firm offers were heard.The last transaction involving a cargo in the same bracket was concluded at $216.50 per t...Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Thursday November 8, with a stronger US dollar and resurfacing US-China trade tensions adding downward pressure to the complex. Three-month nickel was the biggest downward mover over the morning session, falling 1.1% and reaching intraday low of $11,585 per tonne, despite a strong push towards $12,000 per ton...Read More
CALGARY, Alberta, Nov.08, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC: CPFXF) is pleased to provide its shareholders an update on the progress of the 2018 program for the Schaft Creek copper-gold-molybdenum project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV")....Read More
Cobalt demand from the consumer electronics industry will continue to grow, with no shift away from lithium-cobalt-oxide (LCO) batteries on the cards, according to battery manufacturer ATL's procurement director, Xu Shihui. "The price of cobalt has been fluctuating and there have been questions about whether cobalt can be substituted by nickel, but for consumer electronics the direction is LCO bat...Read More
First Cobalt Corp has started testing cobalt hydroxide material as feedstock for its refinery in Ontario, Canada, with the goal of producing cobalt sulfate or metallic cobalt products for sale into the North American market. The company has retained inspection and certification firm SGS Canada to test the suitability of different cobalt feed material using the refinery's current flowsheet and is a...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalGolden Mile has the right stuff: ReynoldsSPONSOREDgolden mile resourcesJacques invited the industry to focus on how to stay relevant in the 21st cen...Read More
Asian stainless steel participants are increasingly looking to Taiwan and Indonesia as the region's new price-setters, while Chinese exporters struggle to catch up in the heated price war, participants told Fastmarkets MB.Competition among suppliers in the region has intensified in recent months amid lackluster demand, growing pessimism and the increased availability of cheap substrate triggered b...Read More
China's ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,913 yuan ($565) per tonne, down 38 yuan per tonne January hot-rolled coil: 3,657 yuan per tonne, down 41 yuan per tonne Dalian Commodity Exchange January iron ore: 512 yuan per...Read More
China's domestic stainless steel prices were flat over the past week amid inactive trading.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,400-15,700 yuan ($2,224-2,267) per tonne including VAT for the week ended Wednesday November 7, unchanged from a week earlier.Customers kept procurement rates low due to the soft demand for...Read More
Import prices for stainless steel in East Asia continued to fall during the past week, with exporters reducing their offers further amid shrinking regional demand and the soft nickel segment.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,030-2,100 per tonne cif East Asia for the week ended Wednesday November 7, down $10 per tonne from a week ear...Read More
Global recycling industry association the Bureau of International Recycling (BIR) has appointed Gregory Schnitzer as the new president of its Ferrous Division.Schnitzer is currently vice president of ferrous sales at Schnitzer Steel Industries (SSI), based in Oregon, United States. SSI is a long-standing BIR...Read More
Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
Baffinland Iron Mines Corporation today announced the results of its 2018 shipping program. From July 24 to October 17, Baffinland shipped approximately 5.1million tonnes of iron ore from its Milne Inlet Port to markets in Europe, the United Kingdom, Taiwan, and Japan. Baffinland also carried out two Northern Sea Route transits to Asia, a first for iron ore bulk carriage71 shipments carried an ave...Read More
"Will it take an outside disruptor to truly turn the business of #mining upside down? Find out in the #MiningDisrupted series: https://t.co/UwTZQtEkOM https://t.co/2hDMUwzaxi"Read full newsRead More
Albemarle Corp on Thursday defended a previously announced process it has said c...Read full newsRead More
"VP of #BYD America-Micheal Austin talks about the past, present, and future of battery technology! Full Speech-https://t.co/Ts7vUW34op @benchmarkmin #Battery #Technology #Batteries #Lithium #NewTech"Read full newsRead More