Brazil's Usiminas is expecting production from its mining division Minera????o Usiminas (Musa) to remain relatively stable in the coming years at 8-9 million tonnes per year of iron ore, chief financial officer Alberto Ono said on Friday November 27. Musa's output was 7.39 million tonnes in 2019. It produced 6.49 million tonnes in the first nine months of 2020, 21% more than 5.35 million tonnes in...Read More

Prices for pig iron exported from Black Sea ports increased by around 15% over the past week because of strong demand and a shortage of material, sources told Fastmarkets.Further price increases from the Black Sea ports - the main route for shipments from the Commonwealth of Independent States (CIS) - are expected, sources said.Fastmarkets' weekly price assessment for high-manganese...Read More

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.62 per tonne, up $1.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $129.84 per tonne, up $1.74 per tonne58% Fe fines high-grade premium, cfr Qingdao: $121.38 per tonne,...Read More

COMMENT: I admit I have been a gold bug and I bought into Bitcoin. I have been following Socrates since you began forecasting Bitcoin. I want to say that it has convinced me that these fundamental forecasts are just like fake news. When Socrates said gold would decline and then Bitcoin would rise, that made no sense but it was right. All they talk about is how hyperinflation will take place when...Read More

Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.07 per tonne, down $0.47 per tonnePremium hard coking coal, cfr Jingtang: $164 per tonne, unchangedHard coking coal, fob DBCT: $90.03 per tonne, unchangedHard coking coal, cfr Jingtang: $154.11 p...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt alloy grade, in-whs...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...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt hydroxide...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 assessed cobalt sulfate 20.5%...Read More

Wanbao Mining's Kamoya copper and cobalt project in the Democratic Republic of Congo (DRC) has started testing operations for its second-phase expansion and produced its first batch of cobalt hydroxide on November 15, the company said on Monday November 23. A company source told Fastmarkets between now and the end of this year, the company will adjust and optimize the specifications and quality of...Read More

Monthly alloy steel surcharges in Europe have increased for December because of higher nickel and molybdenum costs, market sources said on Friday November 27.Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe was calculated for December at ?,?1,507-1,516 ($1,796-1,806) per tonne, up by ?,?60-61 per tonne from the November level of ?,?1,446-1,456 per tonne...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 27EuropeThe European ferro-silicon spot price climbed almost 2% over the week, marking an over 10% jump in November while low levels of availability in Europe have met with renewed demand from steelmakers and traders.One producer reported offering around 100 tonnes of standard grade at ?,?1...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningWhile one would not expect the list to be thronging with millennials, the fact a mere two of the individuals...Read More

Earlier this week U.S. President-elect Joseph R. Biden Jr. named his first round of cabinet nominations, choosing Janet Yellen as his Treasury secretary. If confirmed, Yellen will be the first woman to head the treasury department in its 231-year history.Yellen is well qualified for the job with roughly thirty years of policy making under her belt. She was chairwoman of the U.S. Federal Reserve fr...Read More

HighGold Mining (TSXV: HIGH; US-OTC: HGGOF) has released the latest results from its 2020 drill program at its flagship Johnson Tract (JT) poly-metallic project in Alaska, about 200 km southwest of Anchorage.Assays for four drill holes, including additional step-outs from the main JT deposit, were reported. Highlights included drill hole JT20-106, which intersected 22.8 metres grading 3.2 grams g...Read More

Northern Dynasty (TSX: NDM; NYSE: NAK) announced this week that its 100%-owned, U.S.-based subsidiary Pebble Limited Partnership, received formal notification from the U.S. Army Corps of Engineers (USACE) that its application for permits under the Clean Water Act and other federal statutes have been denied.The lead federal regulator found Pebble's "compensatory mitigation plan" submitted earlier t...Read More

BHP (NYSE: BHP; LSE: BHP) plans to ramp up work at the ongoing US$2.5 billion expansion of its Spence copper mine in Chile, as measures taken to stop the spread of Covid-19 this year set back completion of the project.The world's biggest miner said it will speed up construction at Spence in December, with first production expected in the first half of 2021.Mia Gous, Spence's mine general manager...Read More

The European Union has launched an initiative that seeks to secure access to a total of 30 critical raw materials by increasing domestic production and promoting recycling of vital elements, particularly rare earths.The European Raw Materials Alliance (ERMA), a partnership of over 300 companies, business associations and governments, will initially focus on breaking Europe's dependence on inputs...Read More

With just 35 days remaining until the United Kingdom withdraws from the European Union, the country's potential departure from the EU single market could see its domestic aluminium scrap market face business-critical trade barriers that, according to market participants, would send the UK's scrap industry hurtling backwards.The EU's import duties range from 3% to 6% for aluminium products from non...Read More