Asiamet said approval from the governor of Central Kalimantan was an important step towards securing the forestry borrow-to-use permit it needs from Jakarta.Asiamet's executive chairman, Tony Manini, said the governor's recommendation was "very timely and while the value of this work is often under-estimated, the receipt of key approvals and permits serves to significantly de-risk and add substant...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesRio Tinto owns a 33.5% indirect interest in Oyu Tolgoi through its 50.8% shareholding in Turquoise Hill, which holds 66% of the project in joint venture with the Mongolian government.Read More

Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesEditor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic fre...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling at the high-grade Hod Maden project in Turkey returned a spectacular hit of 85.3m at 84.3 grams per tonne gold and 6.8% copper from 19m (using a 2.Read More

Hopes that the global economic engine fires up on the first attempt may be asking a lot given second waves of Covid-19 infections emerging, and the fact global leaders are not pulling together is not helping underlying sentiment this morning, Friday May 15, with US President Donald Trump at loggerheads with China. On the economic front, data out of China supports our view that the supply side of t...Read More

Domestic prices for ferrous scrap in Germany have been supported by tight scrap availability in the European market, sources told Fastmarkets on Friday May 15.Supply has been reduced due to lower scrap collection volumes and reduced new scrap availability from the automotive industry because of the measures used to battle the spread of Covid-19.The construction industry in Germany remained fairly...Read More

The market for pig iron in the United States stabilized during the week to Friday May 15 after active restocking earlier in May.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $304-305 per tonne on Friday, unchanged week on week. "The market has stalled at the level of the latest deals. Everyone bought what they needed [earlier this month]...Read More

The market for pig iron exports from southern Brazil improved in the week to Friday May 15, with suppliers almost sold out for July.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $280-285 per tonne on Friday, up by $5 per tonne from $275-280 per tonne a week earlier. ...Read More

Turkish deep-sea scrap import prices fell on Friday May 15, with a steel mill managing to book a European cargo at a lower price than shipments earlier in the week, sources told Fastmarkets. 15.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $238 per tonne, 6,000 tonnes of shredded at $243 per tonne and 6,000 tonnes of bonus at $248 per to...Read More

The market for deliveries of steel scrap to domestic consumers in the UK has increased for monthly settlements in May, paring losses seen the previous month on tighter availability due to a fall in arisings, market sources told Fastmarkets on Friday May 15.The move follows weaker market conditions in steel scrap generation due to the Covid-19 pandemic, which has led to a slump in the automotive an...Read More

 U.S. equity index futures were lower this morning. S&P 500 futures were down 34 points in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for April Retail Sales was a drop of 12.0% versus a decline of 8.4% in March. Actual was a drop of 16.4% Excluding auto sales, consensus for April Retail Sales was a drop of 8.6% versus a declin...Read More

Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses mostly dipped in the week to Friday May 15, with the exception of lead and copper.SHFE lead stocks stood at 7,211 tonnes on Friday, up by 767 tonnes (11.9%) from 6,444 tonnes the previous week.Zhejiang Tianchuan in eastern China's Zhejiang province registered the largest inflow...Read More

Seaborne iron ore prices rose again on Friday May 15, supported by demand for crude steel production and increases in swaps and futures markets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.65 per tonne, up $1.48 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $96.33 per tonne, up $1.83 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $79.63 per tonne, up $1.25 per tonne....Read More

Fastmarkets' Shanghai benchmark copper premium surged to its highest level since September 2015 on May 15, with traders looking for overseas material to tap arbitrage gains. sources said. Fastmarkets assessed the copper grade-A cathode premium, cif Shanghai at $95-120 per tonne on May 15 Friday, compared with $95-115 per tonne the day before. The premium, widely used by the copper industry fo...Read More

China's domestic hot-rolled coil prices rose further on Friday May 15 on robust trading, while rising futures continued to encourage traders to actively seek out imports.DomesticEastern China (Shanghai): 3,430-3,450 yuan ($483-486) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,420 yuan per tonne, up 30 yuan per tonneSellers in Shanghai offered HRC at 3,430 yuan per tonne in the mo...Read More

Domestic demand for rebar in China increased on Friday May 15, but prices remained unchanged with sellers being under pressure to destock. Domestic Eastern China (Shanghai): 3,460-3,490 yuan ($487-492) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,420-3,460 yuan per tonne, down by 30-40 yuan per tonneEnd users raised their procurement rates ahead of the weekend, but the heigh...Read More

The three-month zinc price on the London Metal Exchange dropped during morning trading on Friday May 15, with the price continuing to trend lower against tight forward spreads and weak demand, while a large inflow and fresh cancellation in aluminium did little to budge the metal's rangebound price.Zinc's underlying price on the LME was recently seen at $1,946.50 per tonne, down from an intra-morni...Read More

Hopes that the global economic engine fires up on the first attempt may be asking a lot given second waves of Covid-19 infections emerging, and the fact global leaders are not pulling together is not helping underlying sentiment this morning, Friday May 15, with US President Donald Trump at loggerheads with China. On the economic front, data out of China supports our view that the supply side of t...Read More

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

Key data from the pricing sessions in Asia, Europe and the United States for the session ending Friday May 15.China Weakening sentiment stemming from falling portside ore and futures alloy prices weighed on seaborne manganese ore prices, especially 37% material. Portside ore prices continued to fall...Read More