London Metal Exchange three-month base metals prices with the exception of aluminium were lower at the close on Tuesday October 13, following the downward course of United States equities markets over the course of the day. The Dow Jones Industrial Average shed more than 100 points or 0.3% on Tuesday amid news that coronavirus cases in the US had exceeded 8 million on the same day. A stronger doll...Read More

Argentinian aluminium producer Aluar reached 60% of capacity utilization for primary aluminium in October after running at 50% for more than six months amid action in the country to combat the Covid-19 pandemic, the company said on Friday October 9. "[We will] continue to gradually seek a production program that enables the partial resumption of the remaining capacity," Aluar stated in a filing wi...Read More

Europe's largest copper producer, Aurubis, sees sustainable copper production as a focal point for the development of the industry, safeguarding the future of copper supply while it recovers from one of the most challenging periods in history, the company's newest senior vice president of commercial, Michael Hellemann, has told Fastmarkets.The Hamburg-based copper producer's latest results stateme...Read More

The European Commission has placed provisional duties ranging 30.4% to 48% on aluminium extrusion imports from China, it said on Tuesday October 13. The commission launched the investigation on duties in February following a complaint by European Aluminium claiming member companies were being negatively affected by the dumping of Chinese exports of aluminium extrusions. Products from Guangdon...Read More

A summary of the operational results for Russia's Magnitogorsk Iron & Steel Works (MMK), for the third quarter of 2020.In brief In the third quarter, steel output was 2.88 million tonnes. This was up by 22.2% compared with the quarter before, when it was 2.36 million tonnes. That came amid a recovery in business activity and the launch of the company's hot-rolled products Mill 2500 in July. The mi...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Jefferies said satellite data showed finished copper inventories at Asian smelters had "significantly decreased" in 2020, while inventories at exchanges were also down."Inventories across tracked locations in Asia are down 15% year-to-date and should decrease further into year-end as the Chinese economy is reac...Read More

The domestic United Arab Emirates rebar price broke the steady streak held since mid-September this week after the low end of the range fell on weak demand, sources said on Tuesday October 13.Domestic rebar The country's biggest steel producer, Emirates Steel, continued to offer rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, stable since September 15. Fellow...Read More

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia remained fairly stable over the past week amid limited demand, sources said on Tuesday October 13. UAE Offer prices for hot-rolled coil from Indian suppliers remained steady week on week at $525-535 per tonne cfr. Market participants gave a workable price for India-origin HRC of around $525 per tonne, although no significa...Read More

A summary of the operational results for Russian steelmaker Severstal for July-September 2020.In briefSeverstal increased its share of steel product sales to the domestic market to 63% in July-September, from 56% in April-June, owing to the recovery of demand in Russia. Year-on-year, however, the share was down from 67%.Domestic demand in Russia was slow to appear this year due to the effects of C...Read More

Base metals prices on the London Metal Exchange were weaker across the board this morning, Tuesday October 13, while those on the Shanghai Futures Exchange were either unchanged or firmer, as were equities.* Equities seem to be maneuvering for a United States democratic presidency and all the extra stimulus that might bring.* But LME metals are not following equities this morning.Base metalsThree-...Read More

Liberty Steel UK has started producing "green" rebar at its Rotherham mill, targeting domestic infrastructure projects, it said on Thursday October 8.The site has an electric arc furnace (EAF) and rolling mill that last week started to make what the company says is "sustainably produced" reinforcing bar that will be used to support concrete structures in major construction and infrastructure proje...Read More

Vietnam ETF (VNM) moved above $15.20 extending an intermediate uptrend.Wills Tower Watson (WLTW), a NASDAQ 100 stock moved above $218.58 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Tuesday October 13thU.S. equity indices moved lower this morning. S&P500 futures were down 6 points in pre-opening trade. Index futures were virtually unchanged following release...Read More

Scrap prices in Mexico were largely stable in the week to Friday October 9, because of a flat outcome in the price settlements in the United States and low supply of material locally.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o at 6,450 pesos ($304) per tonne on Tuesday October 13, and the corresponding steel scrap No1 heavy melt, consumer buying...Read More

A summary of operational results from Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) for the quarter ended September 30, 2020.In brief JSW's operational performance improved with the European steel market slowly recovering from the effects of the Covid-19 pandemic. During the quarter, European steelmakers such as ArcelorMittal and Voestalpine started to gradually resume steelmaking cap...Read More

The market for deliveries of steel scrap to domestic consumers in the UK has mostly gone down so far in October, paring back the gains made last month, industry sources said in the week to Tuesday October 13.September's gains were being reversed because the weakness of European exports to traditional deep-sea destinations meant that there was increased scrap supply domestically, which weighed on p...Read More

Seaborne premium hard coking coal prices slumped on Tuesday October 13, with the latest transactions agreed at lower prices while other participants watched the market for developments.Fastmarkets indicesPremium hard coking coal, fob DBCT: $125.04 per tonne, down $6.04 per tonnePremium hard coking coal, cfr Jingtang: $135.76 per tonne, down $4.38 per tonneHard coking coal, fob DBCT: $111.02 per to...Read More

ELKO, Nev., Oct. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, today announced that it has issued a letter to its shareholders outlining the Company's recent and expected milestones, as it continues to advance its assets and projects. Recent Company highlights include:Acquisition of Northern Panther Resource Corporation, which...Read More

Seaborne iron ore prices buckled on Tuesday October 13, amid soaring port inventories in China and weakened demand for finished steel, according to trade sources.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.15 per tonne, down $3.08 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.30 per tonne, down $3.14 per tonne58% Fe fines high-grade premium, cfr Qingdao: $112...Read More

The three-month copper price on the London Metal Exchange softened toward the $6,700-per-tonne support level during morning trading on Tuesday October 13, despite another fresh cancelation of 12,150 tonnes, while positive forward spreads and steady trading volumes kept LME tin futures elevated. The LME copper price was recently trading at $6,715.50 per tonne, down from Monday's closing price of $6...Read More

Chinese exports of unwrought aluminium and aluminium products fell slightly on a year-on-year basis in September while imports of unwrought copper and copper products continued to increase, according to Chinese customs data released on Tuesday October 13.Chinese exports of unwrought aluminium and aluminium products fell slightly on a year-on-year basis in September while...Read More