London Metal Exchange three-month base metals prices remained broadly unchanged - amid an upbeat sentiment on Monday November 23 - from the previous Friday's session, when most prices rallied on account of momentum-based trading.Nickel's three-month price hit $16,200 per tonne as of 9:20am on Monday, a 0.3% increase from Friday closing price of $16,151 per tonne.  AstraZeneca's announcem...Read More

The Chinese price for nickel pig iron (NPI) continued to drop in the week to Friday November 20, with the falling price of domestic stainless steel and some traders' sell-offs at lows dragging prices down, sources said. Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,070-1,100 yuan ($163-168) per nickel unit on Friday, down by 60-70 yuan per n...Read More

Cold-heading quality (CHQ) and high-carbon wire rod prices in the United States rose on Friday November 20 amid higher scrap prices and increased demand. Fastmarkets' monthly assessment for steel wire rod (high carbon), fob mill US rose by 2.8% to $37.25 per hundredweight ($745 per short ton) on Friday November 20 from $36.25 per cwt previously, where the price had remained since September 18.Fast...Read More

Hot-rolled coil prices in the United States have surged on confirmed buying activity and incredibly thin spot availability, prompting at least one electric-arc furnace (EAF) coil producer to quietly communicate a base price increase to customers, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $38.80 per hundredweight ($776 per short ton) on Mo...Read More

Domestic steel rebar suppliers to Russia's Central Federal District around Moscow have increased their offer prices slightly, tracking higher export offers, sources told Fastmarkets on Monday November 23.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 41,000-41,500 roubles ($538-544) per tonne including 20% VAT on Monday, up from 40,000-41,...Read More

Flat steel suppliers to Russia's Central Federal District around Moscow are insisting on higher prices due to the uptrend in the export market, sources told Fastmarkets on Monday November 23.Hot-rolled sheetFastmarkets' weekly price assessment for steel hot-rolled (HR) sheet, domestic, cpt Moscow, Russia was at 45,000-48,000 roubles ($590-629) per tonne including 20% value-added tax on Monday Sept...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The lack of secondary copper smelters in the US means the scrap must be shipped off to China, Malaysia or Europe, if the material is to be recovered, said Dr.Read More

Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromineHeaded up by Tesoro Resources' Geoffrey McNamara and Zeff Reeves, Rincon is seeking A$5-6 million at 20c per share to...Read More

The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals. The US dollar index remains weak, helping to underpin metal prices.Base metalsThe three-month base metals prices on the London Metal Exchange were mixed, with zinc and lead weaker by 0.2% and 0.6% at $2,795 per tonne and $2,017 per tonne respecti...Read More

Turkish domestic scrap prices have continued to increase over the past week in line with the rise in imported scrap values, sources said on Monday November 23.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,250-2,545 lira ($293-332) per tonne on Monday, up from the 2,230-2,455 lira per tonne of last week.The movement came after steel mills...Read More

Turkish steel mills continued to book deep-sea scrap cargoes at the beginning week at slightly higher prices, sources said on Monday November 23.A steel mill in the Marmara region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) 10,000 tonnes of shredded and 5,000 tonnes of bonus, at an average price of $332.50 per tonne cfr.This fresh transaction, led to another slight...Read More

Iron ore prices fell across the board on Monday November 23 due to expectations of weak demand for steel and iron ore during the coming few days of cold weather. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.24 per tonne, down $1.59 per tonne 62% Fe low-alumina fines, cfr Qingdao: $127.49 per tonne, down $1.80 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $117.37 per tonne...Read More

Fastmarkets has decided not to proceed with the proposed amendment of the specifications of the indices for (MB-COA-0003) premium hard coking coal, fob DBCT, $/tonne and (MB-COA-0005) premium hard coking coal, cfr Jingtang, $/tonne, due to changes in spot market conditions.A decision has also been made to not proceed with the proposed launch of two grade-differential indices to reflect the fob Aus...Read More

Prices for seaborne iron ore concentrate and pellets continued to rise in the week ended Friday November 20 amid an increase of demand among Chinese steelmakers due to costlier coking coal, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $137.39 per tonne, up $4.89 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $157.96 per tonne, up $0.24 per tonneKey dri...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures responded to news that AstraZeneca has tested a COVID 19 vaccine that is 90% effective. Netflix added $3.25 to $491.49 after JP Morgan raised its target price from $615 to $628.Urban Outfitters advanced $0.23 to $30.15 after JP Morgan raised its target price from $19 to $27...Read More

Seaborne hard coking coal fob Australia prices have eased on Monday November 23 amid talk in the market of Chinese buyers possibly re-selling cargoes that have been floating on water, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $99.22 per tonne, up $0.82 per tonnePremium hard coking coal, cfr Jingtang: $160.27 per tonne, unchangedHard coking coal, fob DBCT: $90.53 per tonne...Read More

China's domestic hot-rolled coil prices fell on Monday November 23, but mills maintained their export offers at high levels amid a bullish outlook.DomesticEastern China (Shanghai): 4,120-4,140 yuan ($628-631) per tonne, down 20 yuan per tonneSources in Shanghai said that spot prices weakened after HRC futures fell.Trading on Monday was also thin, they said.A Tianjin-based trader said HRC futures h...Read More

The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals. US dollar index remains weak, helping to underpin metal pricesBase metals The three-month base metals prices on the London Metal Exchange were mixed, with zinc and lead weaker by 0.2% and 0.6% at $2,795 per tonne and $2,017 per tonne respectively...Read More

Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday November 20.China  Overseas consumers were actively sourcing material in anticipation of even higher purchase costs given soaring freight fees and rising silicon prices in China.  Domestic price strength also supported higher offers from exporters.  Chinese silicon producers said....Read More

Weak end-user demand continued to push the tantalum concentrate price down to a fresh 2020 low in the week ended Friday November 20. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $48-50 per lb on Friday, down from the previous week's assessment of $50-52 per lb and a fresh year-to-date low. "Demand from the electronics sector is still weak and China is still n...Read More