PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe pair said the alliance would deliver "a fully connected, automated, zero carbon emitting, end-to-end mining...Read More

(Updates prices) By Eric Onstad LONDON, Nov 11 (Reuters) - Copper prices rebounded onThursday after debt-burdened China Evergrande Group again dodgeda default, raising hopes of government support for a propertysector that can drive significant demand for metals.Several of developer Evergrande's bondholders had receivedinterest payments on three bond tranches worth more than $148million, reports sa...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Thursday November 11 - it would seem dip-buying has dominated once again.* Consumer prices in the United States and China rise more than expected.* US Dollar Index shoots up to 95 while the rally extends.Base metalsThree-month base metals prices on the LME were mainly stro...Read More

The United States' imports of steelmaking raw materials fell by 7.36% month on month in September, spurred by a reduction in inflows of pig iron and a drop in ferrous scrap intake from Canada, according to the latest data from the US Census Bureau.Raw material imports totaled 931,030 tonnes in September, compared with 1 million tonnes in August and nearly 1.30 million tonnes in July.Overall ferrou...Read More

Vale has signed a memorandum of understanding (MoU) with China-based Baowu Steel Group, the largest steel producer in the world, to develop low greenhouse gas (GHG) emissions solutions for steelmaking, the Brazilian mining company said on Thursday November 11.One point included in the agreement was to seek bio-carbon production, a carbon-neutral product based in biomass - and not fossil energy - t...Read More

Prices for imports of basic pig iron into China have weakened over the past fortnight with bearish sentiment dominating the country's ferrous complex, sources told Fastmarkets on Thursday November 11.Chinese finished and semi-finished steel prices have been falling for most of the past two weeks, weighing down demand for pig iron, they said.Fastmarkets' fortnightly assessment of the price for pig...Read More

ArcelorMittal will invest $1 billion to expand its iron ore and long steel capacities in Latin America between the second halves of 2023 and 2024, the steelmaker said.In Brazil, the Luxembourg-headquartered company will invest $500 million in increasing upstream capacity of its long steel unit in Jo??o Monlevade, in the southeastern Minas Gerais state, while an expansion of its Serra Azul iro...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Disney dropped $6.00 to $168.32 after reporting lower than consensus fourth quarter revenues and earnings. Beyond Meat dropped $9.74 to $84.74 after reporting a higher than consensus quarterly loss. The company also lowered guidance. Affirm Holdings jumped $37.07 to $170.60 after announci...Read More

Bangladeshi steelmakers have largely opted to stay away from buying in the scrap import market this week in the hope that prices will continue to fall, sources told Fastmarkets on Thursday November 11.- Bangladesh buyers step back from market - Shredded scrap offers rise to Bangladesh amid strong Pakistan market - Taiwanese consumers continue to bid low Bangladesh There was a lack of import ac...Read More

Seaborne coking coal cfr prices continued to drop on Thursday with new offers at lower prices emerging, while there was a trade in the fob market after a quiet week.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $522.01 per tonne, down $8.14 per tonneHard coking coal, cfr Jingtang: $464.62 per tonne, down $10.10 per tonnePremium hard coking coal, fob DBCT: $400.49 per tonne, down $0.99...Read More

Seaborne iron ore prices rose on Thursday November 11, tracking the upward movements in Chinese futures and front-month swaps contracts, but most market participants remained cautious because of weak demand for physical iron ore, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.57 per tonne, up $3.67 per tonne62% Fe low-alumina fines, cfr Qingdao: $94.03 per tonn...Read More

Spot prices for hot-rolled coil in China posted a strong rally on Thursday November 11, as expectations of an easing in property financing and mill moves to underpin steel prices temporarily stemmed the sharp downturn in the futures market.DomesticEastern China (Shanghai): 4,850-4,900 yuan ($758-765) per tonne, up by 190-200 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchan...Read More

London Metal Exchange prices shook off a surge on the United States Dollar Index and were all trading higher on the morning of November 11, with the dip-buying trend continuing in the base metals complex. "While China may have the brakes on, the rest of the world still looks structurally bullish, with infrastructure projects under way, shipping congestion and low stock levels affecting availabilit...Read More

China's domestic rebar prices gained some upward momentum on Thursday November 11 after several steelmakers expressed their unwillingness to deliver January-contracted steel cargoes bound for Shanghai Futures Exchange warehouses. Domestic Eastern China (Shanghai): 4,750-4,800 yuan ($742-750) per tonne, up by 110-130 yuan per tonneWith the price of the most-traded January rebar contract on the exch...Read More

Some Chinese steelmakers are refusing to deliver January-contracted steel cargoes bound for Shanghai Futures Exchange warehouses to stem falling prices.Some steel mills in northern China said on Wednesday November 10 they will not deliver cargoes for January futures positions because their prices are too low compared with spot physical prices.The most-traded January rebar futures contract closed a...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 standard grade,...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.Fastmarkets assessed Cobalt...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Thursday November 11 - it would seem dip-buying has dominated once again.Consumer prices in the United States and China rise more than expected.US Dollar Index shoots up to 95 while the rally extends.Base metalsThree-month base metals prices on the LME were mainly stronger...Read More

Stainless steel sheet prices in the United States rose in November to their highest since June 2011, with buyers competing for limited available spot tons from the mills and an increasing number of market participants reporting that they no longer have any allocation from the mills.Fastmarkets' monthly assessment for stainless steel 304 cold-rolled sheet, fob mill US was $192 per hundredweight ($3...Read More

A summary of the financial results for Austrian steelmaking group Voestalpine for July-September 2021, the second quarter of the company's business year.In briefA favorable economic environment in all key markets, together with Voestalpine's efforts to reduce costs and focus on efficiency, led to strong revenue in the quarter, with a particularly good performance by the company's Steel Division.Th...Read More