Brazilian miner Vale plans to invest in nickel and copper capacity expansions and mineral resource replenishment in the coming years, the company disclosed in a presentation to analysts and investors on Wednesday September 16.At its nickel operations in Canada, the mining company expects to start a project in 2021 to bring 45,000-55,000 tonnes per year (tpy) of new capacity online in an...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 16.Please click...Read More

Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More

China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores."It is been an extraordinary period with record levels of ores and ferro-alloys...Read More

The world's top producing copper mine is still in the midst of a grade problem and Covid-19 is making that harder to counteract.Output at Chile's Escondida, which contributes almost 6% of global copper supply annually, will fall for the coming two years, primarily due to lower grades of ore being processed there, majority owner and operator BHP said in its annual results this week.The mine will pr...Read More

Speaking to Mining Journal at the Beaver Creek Precious Metals Summit - held virtually this year - Euro Sun's CEO Scott Moore said the company, already listed on the TSX, would list on the main marketRead More

Luckily for the world's second biggest mining company, the self-inflicted wounds in Australia have occurred at a time of peak prices for Rio Tinto's all-important iron ore division.Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States.To date, ten drill holes have been completed at the Hughes silver-gold property and two are in progress with two core rigs in full oper...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday September 16.Key drivers Tighter titanium scrap supply in the past few weeks has finally pushed up prices after being unchanged for 10 consecutive weeks, with buyers reporting deals down around the new range. Scrap prices may increase in the near term while tight availability - due to a drop in scrap generation following a slump in...Read More

Turkish steelmakers continued to hold back from deep-sea scrap purchases amid weak finished long steel demand, especially in the domestic market, sources told Fastmarkets on Wednesday September 16.Steel producers in the country booked seven deep-sea scrap cargoes, totalling around 230,000 tonnes, in the first half of last week before stepping away from the market on September 10.The price of HMS 1...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday September 16.Key drivers Tighter titanium scrap supply in the past few weeks has finally pushed up prices after being unchanged for 10 consecutive weeks, with buyers reporting deals down around the new range. Scrap prices may increase in the near term while tight availability - due to a drop in scrap generation following a slump in...Read More

Prices for cargoes of steel scrap exported from Japan fell for most grades on Wednesday September 16 following a drop in appetite among South Korean steelmakers and a worsening of the market environment, sources have told Fastmarkets.Several producers in South Korea were undertaking maintenance work in September-October, reducing the requirements for scrap in the country and thus also reducing the...Read More

The stronger tones in the base metals that have been seen this week were struggling to push ahead this morning, Wednesday September 16, because the market is waiting for direction, which is expected to come out of this evening's US Federal Open Market Committee (FOMC) meeting. Will the better-than-expected US recovery mean the FOMC does not need to be as dovish, especially if Congress' relief pack...Read More

Key data from the Wednesday September 16 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China were steady, with liquidity improving in the first half of this week compared with late last week; but speculators and downstream consumers are generally cautious about taking positions or restocking, despite news on September 9 that China's State...Read More

Share this articleCALGARY - The owner of the Ekati Diamond Mine in the Northwest Territories says it plans to return the suspended project to full operating status after accepting a "stalking horse bid" by an affiliated buyer to allow it to exit court protection from creditors.Dominion Diamond Mines ULC says the bid submitted by Canadian Diamond Holdings, LP and CA Canadian Diamond Mines ULC, affi...Read More

Love him or hate him, Sam Walton was a fearless businessman.His empire started 75 years ago when he took a $20,000 loan from his father-in-law to open a store in Newport, Arkansas.He was ruthless in running his business and if he saw a competitor doing something in a more efficient way, he'd adopt it to build upon his success.Even to his own management, he was aggressive in his vision for Walmart'...Read More

European heavy steel plate prices were fairly stable in the week to Wednesday September 16, with steelmakers insisting on higher offers due to high costs for raw materials and semi-finished products, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?480-500 ($570-593) per tonne on September 16, compared with ?,?485-500...Read More

Domestic prices for hot-rolled coil jumped week on week across Europe on Wednesday September 16, driven by reduced output from domestic steelmakers and limited availability of imported coil, sources have told Fastmarkets.Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?482.62 ($572.80) per tonne on Wednesday, up by ?,?5.64 per tonne day on day from...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for hot-rolled coil have performed in line with our expectations over the past month, with US domestic HRC prices finding a floor in July in line with the forecast, before improving in August. US HRC prices averaged $473 per short ton in August, compared with our forecast price of $470 per ton.Our prediction that an i...Read More