With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets. Aluminium: Uncertainty stirs expectation of active spot market Aluminium market participants are likely to put extra emphasis on spot deals for 2...Read More

Seaborne iron ore prices inched up from their downtrend on Friday October 16, sources said, adding that the expected increase in weekly iron ore port inventory and supply in the fourth quarter limited the increment in iron ore prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.08 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.64 per tonne, up $0.60 per t...Read More

Seaborne premium hard coking coal prices tumbled on Friday October 16 with transactions agreed at lower prices after Chinese authorities asked for a halt to imports of Australia-origin coking coal.The Chinese authorities' notice was only in verbal form, and has not yet been published, but it led steel mills and traders in China to divert their cargoes to other destinations.Fastmarkets indicesPremi...Read More

China's domestic hot-rolled coil prices experienced some recovery on Friday October 16, but some mills have made some export pricing concessions to boost trading.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($578-579) yuan per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, down 30-60 yuan per tonnePrices in Shanghai rega...Read More

An overview of the consumer electronics markets and the latest price moves.Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.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 assessed cobalt...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...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

Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States. Despite the spread of the pandemic the markets seem to be assured that more stimulus will be forthcoming. EU passenger car registrations climbed 3.1% in September, compared with last year, bu...Read More

Gold prices steadied in a tight range around the US$1,900 level on Friday, but fading chances of a stimulus agreement before the U.S. presidential election kept bullion on track for a weekly decline.Spot gold dipped 0.6% to US$1,896.61 per oz. by 12:20 p.m. EDT, down more than 1% for the week. U.S. gold futures shrank 0.2% to US$1,905 per oz., still trading above the US$1,900 threshold."With a sti...Read More

HighGold Mining (TSXV: HIGH; US-OTC: HGGOF) has reported additional drill results from its 15,000-metre drill program on its flagship Johnson Tract polymetallic project in southcentral Alaska, 15km west of Tuxedni Bay and 200 km southwest of Anchorage.The 85-sq.-km property includes the high-grade Johnson Tract deposit (JT deposit) and at least nine prospects over a 12-km strike length. The drill...Read More

After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world's largest diamond producer by value, has reported a growing momentum in sales. Several small producers also reported their first regular diamond tenders in Antwerp in September, and mines such as Renard in Quebec and Mothae in Lesotho that have been on care and maintenance s...Read More

Relations between Australia and China have been strained since Prime Minister Scott Morrison called for an independent global investigation into the origins (and initial handling) of the coronavirus pandemic. The conservative leader has also criticized China's recent imposition of new security laws in Hong Kong and suspended its extradition agreement with the former British colony, which reverted...Read More

Northern Vertex Mining (TSXV: NEE; US-OTC: NHVCF) has reported high-grade gold and silver drill results from a resource expansion drill program on the Ruth vein at its wholly owned Moss gold-silver mine in northwest Arizona, 22 km to the east of Bullhead City and a one and half hour drive south of Las Vegas, Nevada. Ken Berry, Northern Vertex's president and chief executive, said the success of...Read More

Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More

Global miner and commodities trader Glencore (LSE: GLEN) is close to securing nickel supply deals with automakers and battery producers amid a looming squeeze in the market and Tesla CEO Elon Musk's recent call to miners to produce more of the metal."A lot of the automobile guys and the battery guys are talking to us about nickel," CEO Ivan Glasenberg said during the Financial Times Mining Summit....Read More

The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday, unchanged from the previous day and up by...Read More

Researchers from the University of Queensland's Sustainable Minerals Institute and representatives from Anglo American (LSE: AAL), Aeris Resources, Eriez Flotation Division, Glencore (LSE: GLEN), Hudbay Minerals (TSX: HBM; NYSE: HBM), Newcrest Mining (TSX: NCM; ASX: NCM) and Newmont (TSX: NGT; NYSE: NEM) have formed the Collaborative Consortium for Coarse Particle Processing Research, whose goal i...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 betterSPONSOREDproudfootUK private player Cornish Lithium hit the headlines last year when it managed to raise £1.4 million using a crowdfun...Read More