Rio Tinto will test the use of biomass in place of coking coal in the steelmaking process in a small-scale pilot plant, in an attempt to cut the industry's carbon emissions through the use of innovative technologies, it announced on Thursday October 14.Over the past decade, the company has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave techno...Read More

Prices for imported basic pig iron into China increased over the past fortnight amid a shortage of material available from sellers, market sources told Fastmarkets on Thursday October 14. Significant volumes of pig iron sold from the CIS to China in recent months have led to reduced availability for fresh cargoes from the region.A limited number of offers for CIS-origin pig iron were heard in the...Read More

It might be hard to believe, but the government monopoly on money can be overthrown tomorrow. We, the people, can master it and make it our servant. How?Mainly because we live in an information economy, which is an economy of mind. Meaning it can be changed as fast as minds can change. Money is not a mystery. And a reversal of policy can affect massive improvements in very little time. In the same...Read More

Seaborne iron ore prices rose on Thursday October 14 amid active trading activity in the spot market and at Chinese ports because of a slight increase in buying interest, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $125.91 per tonne, up by $1.74 per tonne62% Fe low-alumina fines, cfr Qingdao: $127.60 per tonne, up by $2.51 per tonne58% Fe fines high-grade premiu...Read More

What have the climate alarmists been screaming about for the past 40 years or so? Their agenda is well-known. They want to close nuclear plants; shut down coal electric generators; eliminate natural gas and oil-fired electrical plants; and substitute wind, solar and hydropower in their place.According to the fanatics, this substitution of renewable energy sources for so-called "fossil fuels" and u...Read More

Seaborne coking coal prices in the cfr China market increased on Thursday October 14 due to necessary restocking activities from Chinese steel mills; fob prices remained largely flat, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $610.15 per tonne, up $1.30 per tonneHard coking coal, cfr Jingtang: $562.53 per tonne, up $3.07 per tonnePremium hard coking coal, fob D...Read More

Spot prices for hot-rolled coil in China narrowed on Thursday October 14, while futures prices edged higher on expectations that production curbs in north China could extend into early 2022.DomesticEastern China (Shanghai): 5,740-5,790 yuan ($892-900) per tonne, narrowing by 40-90 yuan per tonneOn Wednesday, China's industry and environment ministries released the plan for steel production curbs i...Read More

China domestic rebar prices increased on Thursday October 14 on good and steady demand over the previous two days.DomesticEastern China (Shanghai): 5,770-5,800 yuan ($896-900) per tonne, up by 40-50 per tonneEnd users kept stable procurement rates today after they raised demand on Wednesday, so rebar prices recovered some loss.And market participants heard that major...Read More

Supply concerns continue to support zinc's three-month price on the London Metal Exchange, which reached a peak of $3,837.50 per tonne on the morning on Thursday October 14, with most other base metal prices also starting the day higher. Reports that Nyrstar - one of Europe and the world's major zinc producers - is set to cut production by up to 50% at its three European smelters in response to th...Read More

Mining Journal's Tom Hoskyns speaks with Granite Creek Copper President and CEO Tim Johnson about the latest update on their project in the Minto Copper Belt and the 24 months change from early-stage copper play to a resource stage company.In November 2020, Granite Creek Copper completed its acquisition of Copper North Mining Corp, combining its Stu Cu-Au Project with the PEA-stage Carmacks Cu-Au-...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cooks...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

An overview of the consumer electronics markets and their latest price moves.Fola Malomo and Janie...Read More

China's domestic demand for stainless steel has weakened in the past few week due to a widespread electricity shortage across the country, which weighed on prices in the week to Wednesday October 13.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 21,000-21,200 ($3,260-3,291) per tonne, narrowed downward by 200 yuan per tonne from September 29. The power shortage has resulte...Read More

Australia's South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for US$1.55 billion in cash plus a contingent price-linked consideration of up to US$500 million over the 2022 through 2025 fiscal years. Japan's Sumitomo Metal Mining and Sumitomo Corp, which together hold a 45% stake, had said...Read More

The Canadian Mining Hall of Fame welcomed five exceptional individuals during its thirty-third annual induction ceremony and gala dinner in August at the Aga Khan Museum in Toronto. The careers of industry giants Patricia Dillon, David Elliott, William Gladstone Jewitt, Steven D. Scott, and Mary Edith Tyrrell were celebrated for their contributions to the mining industry. The event was held outdoo...Read More

Foran Mining (TSXV: FOM) has updated the indicated resource at its 100%-owned McIlvenna Bay copper-zinc project in east-central Saskatchewan, reporting a 70% increase in indicated tonnage. Foran is working towards completing a feasibility study for the project before the end of the year.McIlvenna Bay sits just 65 km from Flin Flon, Manitoba and is part of the Flin Flon Greenstone Belt, which ext...Read More

Offer prices for deep-sea cargoes in Bangladesh jumped in the week ended October 14 amid bullish sentiment from United States sellers and good scrap demand in competing Asian import nations, sources told Fastmarkets.Bangladeshi mills hit by strong offer pricesSouth Korean mill issues scrap import tenderTaiwanese containerized prices continue to increaseElectricity rationing sours sentiment in Chin...Read More

Australian lithium developer Lake Resources (US-OTC: LLKKF; ASX: LKW) is forming a partnership with California-based Lilac Solutions for technology and funding to develop its flagship Kachi lithium brine project in Argentina.The partnership comes after extensive test-work, and will see Lilac Solutions provide its proprietary technology, engineering teams and an on-site demonstration plant to help...Read More