Fastmarkets' seaborne premium hard coking coal cfr index edged down day on day on Thursday October 15, with Chinese buyers sitting on the market sidelines, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.21 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $134.27 per tonne, down $0.71 per tonneHard coking coal, fob DBCT: $108.52 per tonne, unchangedHard coking...Read More

Coal exports from Australia's metallurgical coal hub of Queensland in September fell by 9.4% compared with a year earlier and were 4.3% lower month on month.Some 15.95 million tonnes of coal - including some thermal coal - were shipped from the region last month, compared with 17.61 million tonnes a year earlier and 16.66 million tonnes in August, according to data from the North Queensland Bulk.....Read More

Spot prices for Japanese heavy scrap dipped over the past week on reduced purchasing from South Korea, but market participants expect prices to strengthen again toward the end of the year.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?26,500 ($251) per tonne on Wednesday October 14, down ?500-1,500 per tonne from ?27,000-28,000 per tonne a week earl...Read More

China's domestic hot-rolled coil prices fell for a third day on Thursday October 15 amid falling futures, though the export market was stable due to limited supply.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($576-579) yuan per tonne, down 30 yuan per tonneSpot prices in Shanghai fell on Thursday, with losses in the futures market resulting in sellers lowering their offers.But trading activ...Read More

China's domestic rebar prices picked up more downward momentum on Thursday October 15 following early losses in the futures market, though participants' outlook remains bullish.DomesticEastern China (Shanghai): 3,680-3,710 yuan ($547-551) per tonne, down by 20 yuan per tonneRebar futures dropped to a low of 3,582 yuan per tonne in the morning before recovering in the afternoon. This weighed on buy...Read More

Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism. Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly. United States 10-year treasury yields slip as traders turn more risk-off. Base me...Read More

A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...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.Read More

The cobalt alloy 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...Read More

Spot cobalt hydroxide payables edged higher during the first half of the week after buyers resumed their restocking drive following the week-long China National Day holiday (October 1-8), sources said.Fastmarkets' cobalt hydroxide indicator, min 30% Co, cif China widened to 77.5-80% against the price for cobalt, standard grade, (low-end) on October 14, up from 77.5-78.5% on October 9. Payables had...Read More

Key data from Fastmarkets' pricing session in Shanghai on Wednesday October 14.Key driversDomestic producers in China raised their offers further after noticing many consumers re-entering the market to stock up on antimony for their production needs. Consumers in general buy antimony on a hand-to-mouth basis in recent years. As such, they needed to step up their purchases after the October 1-8 hol...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootIronically, given bans on face-to-face meetings between investors and company executives, corporate access to capital has...Read More

China's export prices for stainless steel pushed up in the week to Wednesday October 14 due to the the stronger yuan, rising demand from buyers and higher domestic prices. DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,500-15,200 yuan ($2,159-2,263) per tonne, up by 100 yuan per tonne a week earlier.Buyers have raised procurement rates over the past week to re...Read More

Months after shareholders of TMAC Resources (TSX: TMR) approved a takeover of the company by China's Shandong Gold Mining, the federal government has ordered a national security review of the transaction.The US$149-million, $1.75-per-share deal was announced in May, with more than 97% of shareholders voting in favour in June. The plan was also approved by the Ontario Superior Court of Justice in J...Read More

The board of directors of Argonaut Gold (TSX: AR) has approved construction of the company's wholly owned Magino gold project in Ontario, 40 km northeast of Wawa.With a two-year construction period anticipated for Magino starting in January 2021, Argonaut expects to pour first gold at the operation in 2023. Before the mine build can begin, the company needs to first file a closure plan and post an...Read More

The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade slowly starting to reopen and buyers and sellers adjusting to life under the pandemic, some companies outside of the big two - De Beers and Alrosa - have proven to be resilient. Here's a look at seven small diamond producers and explorers that are sold...Read More

The U.S. dollar, as measured by an index tracking it versus six major currencies including the Euro, Yen and Canadian dollar, is down almost 10% from the highs in March to mid-October. The weakness is at least in part a response to record economic stimulus by the U.S. in the form of cash payments and also suppressed interest rates - the former reflected in the Federal Reserve's balance sheet, whic...Read More

Endeavour Mining (TSX: EDV), West Africa's top gold producer, has resumed operations at its Boungou mine in Burkina Faso, a year after previous owner Semafo decided to shut it down following an attack that killed 39 civilians.The Toronto-listed miner said the reopening of the mine follows infrastructure improvements and a new security plan developed in "close partnership" with Burkina Faso's gover...Read More

Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) has released assay results for hole OB-20-156, drilled within its wholly owned, past-producing O'Brien project in Quebec, which hit high-grade gold, 250 metres below the resource shell.The drill hole returned 21 metres of 6.89 grams gold per tonne, which includes higher-grade intercepts such as 2 metres of 4.81 grams gold, and 12 metres of 11.32...Read More

The world's mines will produce 3,368 tonnes of gold this year, down 4.6% from 2019 and the lowest in 5 years, but high bullion prices will help to push up output by 8.8% to a record 3,664 tonnes in 2021, consultancy Metals Focus said on Wednesday.Read full newsRead More