Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.* China’s trade data showed imports and exports grew, highlighting broad-based economic recovery* Markets waiting for the release of United States consumer prices today and to see how tha...Read More

Stronger global demand for higher-grade steel scrap was justification for higher premiums for quality materials, market participants said during Fastmarkets' virtual conference on Scrap, DRI and Mini-Mills on Tuesday April 13.Asian countries such as Indonesia, Malaysia, Bangladesh, India and Pakistan, in addition to China, have increasing needs for higher-quality scrap, leveling the grade demand a...Read More

Nvidia (NVDA), a NASDAQ 100 stock moved above $614.69 to an all-time high extending an intermediate uptrend.Oil and Gas Exploration SPDRs (XOP) moved below $76.09 setting an intermediate downtrend.CooncoPhillip (COP), an S&P 100 stock moved below $50.53 setting an intermediate downtrend.Oil Services ETF (OIH) moved below $179.54 setting an intermediate downtrend.Schlumberger (SLB), an S&P...Read More

Turkish steel producers continued to avoid deep-sea ferrous scrap bookings due to weak finished steel sales, market sources said on Tuesday April 13.A steel mill in the Iskenderun region booked a Canadian cargo at the end of the last week comprising 35,000 tonnes of a 95:5 mix of No1 and No2 heavy melting scrap and 15,000 tonnes of shredded at an average price of $436 per tonne cfr, caus...Read More

Stephen Montague tells Fastmarkets about his passion on the importance of people in his company's success and the attitude and focus needed to have a positive impact in a decarbonizing steel industry.'We want people who have the mindset to really love and serve others' - President & CEOMidrex Technologies, owned by Kobe Steel of Japan, sets great store in the development of the major direct-r...Read More

The premium hard coking coal price continued higher in the cfr market on April Tuesday 13, reflecting a supply shortage both in domestic and import premium cargoes.The fob price was pressured lower by relatively sufficient supply and limited buying interest, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.59 per tonne, down $1.27 per tonnePremium hard co...Read More

Iron ore prices mostly decreased on Tuesday April 13 while iron ore lump gained on demand for direct-charge materials under emissions restrictions, sources saidFastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.25 per tonne, down $1.32 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.13 per tonne, down $0.72 per tonne58% Fe fines high-grade premium, cfr Qingdao: $155.23 per tonne, do...Read More

Sentiment in the China import scrap market has turned bullish after downstream steel prices rebounded on Tuesday April 13.Chinese steel mills have continued to bid at high prices for HRS101 imports, including at $487-490 per tonne cfr east China and $500 per tonne cfr northeast China. Offers were at $500 per tonne cfr east China and $510-515 per tonne cfr northeast China. "Offers have been high...Read More

The stock market was down today, but it's still trading at record highs. The mainstream financial media will tell you it's because the market is anticipating a robust recovery as the economy continues to reopen and vaccination numbers grow.But don’t buy into the happy talk that all is well with the U.S. economy.The unemployment rate has indeed dropped. But initial unemployment claims are on...Read More

The amount of metal held off-warrant outside the London Metal Exchange network rose by 8.6% and exceeded 2 million tonnes in February 2021 for the first time since the LME started reporting this data, its latest readings showed.The Exchange's latest off-warrant stock data, published on Monday April 12, was for volumes at the end of February 2021. This showed an increase of 166,146 tonnes of metal...Read More

Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.The three-month aluminium price bucked the trend however, rising by 0.8% to $2,280.50 per tonne as at 9am on Tuesday, from a closing price on Monday of $2,262 per tonne. Th...Read More

ELKO, Nev., April 13, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced it will be featured as a presenting company at the H.C. Wainwright Mining Conference. The conference is being held on April 19 - April 20, 2021 virtually.Edward Karr, founder of U.S. Gold Corp., will provide an overview of the Company's business...Read More

Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.China's trade data showed imports and exports grew, highlighting broad-based economic recovery Markets waiting for the release of United States consumer prices today and to see how that will a...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...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

China has sent teams to eight provinces - Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi and Yunnan - to carry out month-long environmental inspections as of April 9, a report from China's Ministry of Ecology and Environment said.Fastmarkets examines the market reaction in the tungsten and three other minor metals' (indium, bismuth, antimony) markets to the ongoing environmental inspectio...Read More

Ahead of an upcoming prefeasibility study expected this quarter on a restart of the Kiena mine complex in Quebec, Wesdome Gold Mines (TSX: WDO) has announced the results of bulk sample processing from the high-grade Kiena Deep A zone. The processing results slightly exceed the grades suggested in the December 2020 resource for the underground complex and confirm the continuity of the high-grade...Read More

Eloro Resources (TSXV: ELO) has released results from five holes drilled at its Iska Iska silver-polymetallic deposit in southern Bolivia, where a 50,000-metre drill program is underway.Highlights from drilling at the Santa Barbara Breccia pipe (SBBP) included 73.3 metres of 155.15 grams silver equivalent per tonne (including 5.99 grams silver per tonne and a high tin component of 0.43%) from 402....Read More

Field geologists - those lucky souls - contend with a lot of wildlife. We hike, bang rocks, hike some more, eat lunch, watch cute critters: all very National Geographic. But the reality is somewhat more sinister. There's payback for being so perfect. We have bloody great targets on our backs; huge red letters etched into our skin that spell "Eat Me" to anything that flies, slithers or walks.Most o...Read More

At midday on April 10, a 41-round Death Gun Salute was fired across the U.K. to mark the passing of Prince Philip, Duke of Edinburgh.We are accustomed to gun salutes in London. As well as for royal births, the birthdays of Prince Philip and the Prince of Wales, the opening and closing of parliamentary sessions, and for State visits, guns are fired to celebrate anniversaries of Queen Elizabeth II's...Read More