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, tender 90,000 tonnes of 57% Fe Yandi fines, traded at the April average of two 62% Fe indices, adjusted for Fe content, plus a discount of...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsBMO, which recently hosted one of the world's biggest corporate mining gatherings in Florida, expects global copper production to fall by 4% from 2018 levels, by 2030.Read More
Share this articleAn underground driller at work at the now closed Max molybdenum mine near Trout Lake, British Columbia. Note the veins of massive molybdenite. Photo Courtesy Roca Mines Inc.Cameo Cobalt Corp. [CRU-TSX; CRUUF-OTC; SY7N-FWB] shares were active Thursday March 7after the company said it had closed the previously announced acquisition of the Max Mine and Willa properties. Both are loc...Read More
Seaborne coking coal prices cfr China and fob Australia ended the week in opposite directions even as Chinese participants remained unsure about the future of port restrictions pertaining to imported coal cargoes.An April laycan, 85,000-tonne premium low-vol cargo changed hands at $213.52 per tonne cfr China, while a 35,000-tonne mid-vol cargo changed hands at $217 per tonne fob Australia.A cargo...Read More
The Comex copper price fell in US morning trading on Friday March 8 following the release of disappointing data from the world's two largest economies, the United States and China.The copper price for May settlement on the Comex division of the New York Mercantile Exchange declined 2.30 cents to $2.8875 per lb. Market participants pointed to waning investor appetite for metals amid weaker than exp...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday March 8, with Asian buying subdued due to weaker Chinese trade data while continued strength in the dollar index deterred commodity investment. Over the morning, both copper and nickel futures - which have largely traded in tandem over February and March - edged lower despite both metals exhibiting t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 8 *Copper -$169.53 (-1,142.09 yuan) Aluminium -$281.84 (-1,898.68 yuan) Zinc -$142.16 (-957.72 yuan) Nickel -$43.14 (-290.65 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade. The drop in index futures was prompted by a 4.4% fall by the Shanghai Composite Index following news of a slowdown in Chinese trade.Index futures moved lower following release of economic news at 8:30 AM EST. Consensus for January Housing Starts was an increase to 1.190 million units fr...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday March 8:Minor metalsBismuth MB China domestic, yuan/tonne: 47,000-49,000 yuan per tonne from 47,500-49,500 yuanChromium MB free market alumino-thermic, $/tonne: $8,635-9,400 per tonne from $8,650-9,400Cobalt MB free market alloy grade, $/lb: $14.60-15.75 per lb from $14.85-16.00Cobalt MB free market standard...Read More
Fastmarkets proposes to change the calculation basis for the China cobalt sulfate, Co 20.5% min, ex-works adjustment to the standard-grade cobalt low-end price to 100% Co basis from the current Co 20.5% basis. As part of the consultation, Fastmarkets also proposes to change the name of this assessment to China cobalt sulfate, Co 20.5% min, ex-works, adjustment to standard-grade cobalt low-end pric...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker again this morning, Friday March 8, and weak Chinese trade data has not helped sentiment.With the exception of aluminium that was up by 0.1%, the rest of the complex were down between 0.2% for tin and 0.7% for nickel and zinc. Copper was off by 0.5% at $6,403 per tonne, compared with $6,435 per tonne at Thurs...Read More
The big story today is the February jobs report.In the parlance of the trade, it was a "miss." And not by a jot, not by a tittle, not by a whisker.Economists as a whole divined the economy would add 175,000 jobs last month.What was the actual number?A mere 20,000 - miles and miles beneath expectations - and the worst monthly showing since September 2017.Consider: The United States economy has aver...Read More
When you travel out of the U.S. you need a passport. And some countries won't let you enter unless your passport is valid for at least six months beyond the dates of your trip. Moreover, the airline might not let you board if that requirement isn't met. Not to worry ... renewing your passport by mail is an easy task. You just need a new photo, $110, and Form DS-82. And in 4-6 weeks you'll have you...Read More
After "the sharpest rally since the global financial crisis recovery" - Goldman's phrase - has the stock market peaked for the year?Today we weigh the evidence... and hazard a conclusion.The major averages jumped over 20% from their Christmas Eve bottoms.The Dow Jones catapulted over 4,000 points valley to peak.The S&P, 450. And the Nasdaq, some 1,250 points.VIX - Wall Street's "fear gauge" -...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday March 8:Aluminium scrapMixed turnings 6%: ?,?810-850 per tonne...Read More
Asian ferrous scrap prices have rebounded due to strong demand in Asia, market sources told Fastmarkets this week, with steel mills in Taiwan and South Korea booking both containerized and bulk cargoes. Price increases in key bellwether market Turkey also supported sentiment, with sellers attempting to hike offers.VietnamImport prices into the Southeast Asian nation were higher due to strong deman...Read More
Several producers have booked second-quarter aluminium supply in Japan at a premium of $105 per tonne basis main Japanese ports (MJP) delivery, with more than 20,000 tonnes of concluded business so far, Fastmarkets learned on Friday March 8. The premium over LME cash prices, if adopted by remaining producers and consumers, would mark a 25% increase from the $83-85 per tonne benchmark agreed for fi...Read More
With several underground mines and two processing plants at its Segovia and Marmato operations in Colombia, Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) is the South American country's largest underground gold and silver producer.Gran Colombia Gold's mining operations also incorporate an artisanal miner model that contracts third-party miners to work on its concessions and deliver mineralized mate...Read More