U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Equity indices are responding to a surge in COVID 19 cases in Europe.The Canadian Dollar was virtually unchanged at US 79.12 cents after release of Canadian September Retail Sales at 8:30 AM EST. Consensus was an drop of 1.7% versus a gain of 2.1% in August. Actual was a drop of 0.6%. E...Read More

Iron ore prices increased on Friday November 19, despite continuing weak demand, after uncomfirmed reports that China will soon ease restrictions on real estate loans, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.69 per tonne, up $4.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $92.60 per tonne, up $4.34 per tonne58% Fe fines high-grade premium, cfr Qin...Read More

The risks that the Chinese government will introduce export duties on steel products will increase if export volumes surge when prices stabilize again after the recent decline, market sources told Fastmarkets over the week to Friday November 19."A sharp rebound in export volumes will draw attention from the central authorities," a Shanghai-based trader said.Fears have emerged that the Chinese gove...Read More

Eastern China's rebar prices increased slightly on Friday November 19 following futures' gains due to heightened market expectations that banks will loosen loans to housing companies.Domestic Eastern China (Shanghai): 4,670-4,710 yuan ($732-738) per tonne, up by 10-20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,440-4,480 yuan per tonne, down by 80-120 yuan per tonneMarket participa...Read More

Founded almost 20 years ago to focus on Turkey, the company has built up its asset base, with its flagship, circa 20,000 ounce per annum Kiziltepe gold-silver joint venture which started production in early 2017.Kiziltepe has provided a healthy financial base for Ariana to now enlarge its cost-effective, high-tech exploration focus across the Eastern Hemisphere - and enable investments through its...Read More

Spot prices for hot-rolled coil in China continued to edge lower on Friday November 19, while futures prices rose sharply in the last trading hour before the closing bell.DomesticEastern China (Shanghai): 4,630-4,680 yuan ($725-733) per tonne, down by 20 yuan per tonneNorthern China (Tangshan) weekly assessment: 4,600-4,650 yuan per tonne, down by 280-300 yuan per tonneSpot HRC prices in east...Read More

"A people enslaves itself, cuts its own throat, when, having a choice between being vassals and being free men, it deserts its liberties and takes on the yoke, gives consent to its own misery, or, rather, apparently welcomes it."We believe the 16th-century French political theorist ??tienne de La Bo?(C)tie hooked onto a truth here.We plucked this passage from his masterly work The Politics of Obed...Read More

Silicon prices fell for a second consecutive week in the United States, with some domestic buyers saying the global price rally had ended after prices retreated from early November's all-time high.But prices in China, where the rally originated, have begun to move in the opposite direction, posting gains in the week to Friday November 19."The panic is over, prices have come down and I have ze...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 alloy grade, in-whs Rotterdam,...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, in-whs Rotterdam,...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More

Key data from Fastmarkets' pricing session in London on Friday November 19. Key-drivers ?EUR?The European ferro-tungsten edged higher for the second consecutive session on increased spot market interest and rising offers from producers, both in China and in Russia. Tighter concentrates supply from China was also supporting higher prices. The price started the week at $36-38 per kg and has moved u...Read More

The price of stainless steel in the European domestic market remained unchanged this week, but ongoing tightness could see prices move up before the end of the year, sources told Fastmarkets on Friday November 19.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 base price domestic, delivered Northern Europe was unchanged week on week at ?,?1,850-1,900 ($2,09...Read More

A large gap between bids and offers for deep-sea steel scrap imported into South Korea has blocked any chance of deals for the material in the past week, sources told Fastmarkets on Friday November 19.South Korean mills reduce bid pricesTokyo Steel announces drop in domestic scrap buy pricesMajor steelmakers in China lower local scrap buy prices again; buyers' interest for imports minimalSouth Kor...Read More

Taiwanese buyers of imported containerized ferrous scrap from the United States have returned to the spot market after a brief absence last week to wait out price falls.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), US material import, cfr main port Taiwan was $445-452 per tonne on Friday November 19, unchanged from Thursday and down by $3-1...Read More

The Vietnam import ferrous scrap market saw limited spot trade in the week to Friday November 19, with Vietnamese steelmakers and traders waiting for prices to reach a bottom before purchasing again.A transaction for a bulk cargo of heavy melting scrap was heard concluded recently.It came to light this week that there was a transaction concluded at $540 per tonne cfr Vietnam on a 90-day letter of...Read More

In October, U.K.-based Tembo Capital, a leading investment advisor in the metals and mining sector, closed its third mining fund with commitments of US$380 million. The fund will focus on metals in tier one mining jurisdictions that are critical to decarbonisation and the green energy transition such as copper and nickel. Tembo has completed three investments in the fund so far: Arizona Sonoran Co...Read More

The global gold mining industry is generally caught between a rock and a hard place when it comes to the disconnect between fund managers and the business of producing sustainable metal and delivering margins. It leaves much value unrealized for owners, Barrick Gold (TSX: ABX; NYSE: GOLD) said during The Northern Miner's recent Q4 Global Mining Symposium.Speaking to Anthony Vaccaro, president of T...Read More

When Arizona Sonoran Copper Company (TSX: ASCU) puts its brownfields Cactus project into production, the mine will produce about 56 million lb. of copper cathode a year over an 18 year mine life, which adds up to about 1 billion pounds of the metal, president and CEO George Ogilvie told the Northern Miner's Q4 Global Mining Symposium on November 17.The past-producing mine, about 65 km south of Pho...Read More