Turkish domestic scrap prices have inched upward over the past week because of the recent uptick in imported scrap prices, sources said on Monday June 10.Three steel mills in the Izmir region increased their buy prices for auto bundle scrap due to the rising cost of imported material.Long steel mill Habas increased its buy price for auto bundle scrap to TRY1,715 ($294) per tonne delivered,...Read More
Seaborne iron ore prices edged up on Monday June 10 amid positive buying activity and gains in the futures markets.MB 62% Fe Iron Ore Index: $101.51 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Pilbara Blend Fines Index: $100.31 per tonne cfr Qingdao, up $0.91 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $105.20 per tonne cfr Qingdao, up $1.16 per tonne. MB 58% Fe Premium Index: $92.61...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, Global Ore, 170,000 tonnes of...Read More
The seaborne coking coal spot market resumed trading on a relatively quiet note on Monday June 10 with lackluster demand keeping prices largely unchanged.A shipment of mid-vol premium hard coking coal was offered at $203.50 per tonne cfr China during the day while a cargo of premium low-vol materials was offered at $206 per tonne cfr China, according to various sources.Both are scheduled for loadi...Read More
The onset of the monsoon season in India has forced a major steelmaker to offload rebar to Singapore at prices below those offered by competitors from Turkey.The weekly Fastmarkets MB import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $486-487 per tonne cfr for the week to Monday June 10, down $9-13 per tonne...Read More
Global risk sentiment improved on Monday June 10 after the United States reached a last-minute trade deal with Mexico over the weekend, averting the imposition of a 5% tariff on all Mexican goods entering the US.The positive trade development has paved the way for the London Metal Exchange three-month base metals prices to recover higher this morning as investors’ appetite for risk assets ret...Read More
The London Metal Exchange is partnering with Fastmarkets to promote the uptake of a transparent and representative global lithium price, the exchange said on Monday June 10.The partnership will pave the way for the LME to launch a lithium futures contract."In recent years there has been unprecedented price volatility in the lithium market, driven particularly by explosive electric vehicle (EV) bat...Read More
Fastmarkets - a leading source of pricing information for the global commodity markets - announces that it has been selected by the London Metal Exchange (LME) as its partner to develop the lithium price benchmark. This global strategic partnership will develop a definitive roadmap aimed at providing a pricing mechanism for lithium that can be utilized throughout the supply chain and will support...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures responded to news that the U.S. and Mexico have reached an agreement that will postpone tariffs on Mexican imports to the U.S.The Canadian Dollar slipped 0.04 to U.S.75.32 cents following the Canadian May Housing Starts report released at 8:15 AM EDT. Consensus was 205,000...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 7.ChinaDomestic antimony price in China stabilizes after antimony branch of the China Nonferrous Metals Industry Association (CNIA) called on domestic producers to reduce output at a June 1 meeting. Most Chinese antimony suppliers either kept their offer prices unchanged or refrained from offering in response to t...Read More
A friend of mine recently confessed that he'd made a big mistake buying a home with a swimming pool.He said if he had a do-over, he would never have considered a house with a pool in the backyard knowing what he knows now. I asked why, since it seemed to me like a good investment at the time - with his two young boys and daughter - I would have guessed the pool was getting a lot of use. But afte...Read More
On Friday, June 14, Adam Savage - of MythBusters fame - will premiere his new show, "Savage Builds," on the Discovery Channel. The well-known TV personality, author, self-proclaimed obsessive maker of things" and last year's Homecoming Distinguished Lecturer, will start the show off by building his very own Iron Man suit - with an assist from Mines faculty and students. Savage appeared on The Ti...Read More
The Sunday, June 9 edition of The Denver Post featured a story on how a Colorado School of Mines professor and his students helped Adam Savage 3-D print a real-life Iron Man suit for his new TV show, "Savage Builds."Craig Brice, director of the advanced manufacturing program at Mines, spoke with Post reporter John Wenzel for the article. "Savage Builds" premieres with the Iron Man episode on June...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoConcern China could ban the exports of rare earths elements (REE), especially neodymium and praseodymium used to make permanent magnets, has triggered...Read More
Semafo (TSX: SMF; US-OTC: SEMFF) kicked off the year by delivering an inferred resource of 2.1 million tonnes grading 5.35 grams gold per tonne for 361,000 contained oz. gold for its Bantou Zone project, 170 km south of its producing Mana mine in Burkina Faso, the West African nation's third-largest gold mine.News of the maiden resource estimate was followed by Semafo's acquisition in May of Savar...Read More
At The Northern Miner's Canadian Mining Symposium, held at Canada House in London, U.K., Iamgold (TSX: IMG; NYSE: IAG) president and CEO Steve Letwin and Yamana Gold (TSX: YRI) executive chairman Peter Marrone participated in a panel session entitled "Mid-Tier Excellence," with Northern Miner senior staff writer Trish Saywell as moderator. Below is the full transcript of the session, held on May 2...Read More
"Mining Journal awards time:Winners of the #mining #investment world's most prestigious annual #awards recognising the industry's standout performers, inspiring leaders and rising stars will be announced in London in September. #MJAwardshttps://t.co/27MD6mLLfC"Read full newsRead More
". @BluejayMining is dual listed on the London AIM Market and Frankfurt Stock Exchange and is primarily focused on advancing the Dundas Ilmenite project an advanced stage ilmenite project in Greenland into production in 2018. We are pleased to have them present at #MJSelect! #MJS"Read full newsRead More
Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the propo...Read full newsRead More
Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the propo...Read full newsRead More