Brazil-based Vale's March quarter output was below analysts' expectations and 19.5% less than the previous quarter, while Rio Tinto's output was 2% lower year-on-year.Meanwhile BHP today said it had achieved record March quarter production at its Western Australian iron ore operations, 4% more than a year ago, however it also missed expectations and its shares were down almost 2% in morning trade....Read More

Pilbara iron ore shipments on a 100% basis rose 7% to 77.8 million tonnes, just shy of Macquarie's forecast of 78.7Mt.Read More

Korea Zinc has agreed annual supply contracts for lead concentrate from South32's Cannington mine in Australia with a 25.5% reduction in treatment charge (TC) terms from a year ago.The two companies agreed to a TC of $136 per tonne and refining charge (RC) of $1.50 per oz, down from $182.50 per tonne / $1.50 per oz, sources claiming direct knowledge said. The deal was locked as per contract with n...Read More

The Liebherr-family owned business this week reported a 9.8% year-on-year dip in mining turnover to €964 million (US$1.1 billion) compared with last year's €1,069 million.Group sales across 13 product segments totalled €10,341 million in 2020, versus €11,750 million in 2019 - the highest level in five years.The Asia/Oceania region accounted for 60.8% of Liebherr's min...Read More

Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(TSXV: SSVR, OTCQB: SSVRF, Frankfurt: 48X) has commenced an over-10,000-metre drill program at the Hughes property near Tonopah, Nev. The program will consist of both reverse circulation (RC) and core drilling. An RC rig is currently in full operation on the project and two additional core rigs are scheduled to arrive within...Read More

Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company"), will partner with the Worldwide Asset eXchange Blockchain ("WAX"), on the launch of an NFT-based collectible card game titled Bud Farm Nifty Stash (the "Partnership").Bud Farm Nifty Stash will be the newest launch from the Bud Farm universe by LDRLY, and the first NFT-based game for LDRLY and the LEAF group. This collectible c...Read More

Seattle-headquartered Seeq said Insight joined the likes of Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners as investors in its product development and growth in markets that also include the chemical, and food and beverage industries."Seeq has established themselves as the leader in process manufacturing and IIoT analytics, and...Read More

The development of each project has been halted by community resistance centred on fears about contamination of water sources."We have already decided this. Conga and Tia Maria are unviable cases. I have been a watchman and as a social fighter, I defend the aquifer buffers," Castillo said in Cajamarca, according to local press."We must respect mining extraction has to take place where nature and m...Read More

Turkish steel producers continued to push for lower deep-sea scrap prices, while suppliers in the Baltic Sea and United States continued to maintain higher offers, market participants told Fastmarkets on Tuesday April 20.At least three deep-sea cargoes were booked on Friday April 16.The most recent was heard after the indices closed on Monday April 19.A steel mill in the Izmir region booked a Euro...Read More

Fastmarkets proposes to increase the frequency of its India ferrous shredded scrap index to twice each week because of continued price volatility in the market.The steel scrap shredded, index, import, cfr Nhava Sheva, India, is subject to continuous fluctuations in the market as a result of factors such as the Covid-19 pandemic and the global shipping crisis. This means that the index, currently c...Read More

Spot prices for imported ferrous scrap to China remained largely stable on Tuesday April 20, while cargoes of scrap booked in recent weeks have been gradually clearing customs, sources have told Fastmarkets.A steelmaker in north China had its first shipment of imported scrap successfully clear customs at Tianjin port on April 14, while a Chinese metals and minerals trading company had a cargo clea...Read More

Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday.The US Dollar Index continues to trend lowerBase metalsLME three-month base metals prices were up by an average of 0.7% this morning, once again led by a 1.2% rise in co...Read More

The Chinese nickel sulfate price recovered slightly in the week to Friday April 16, supported by high raw material costs while spot liquidity remained thin, market sources told Fastmarkets.Fastmarkets assessed the price for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 31,000-32,000 yuan ($4,758-4,911) per tonne on April 16, widening upward by 500 yuan per tonne from 31,000-31...Read More

Share this article The Mining Association of Canada (MAC) welcomes several expanded and refined measures proposed in Budget 2021 to help position Canada for success on the "Mines to Mobility" pathway.Designed to support the establishment and growth of a domestic battery electric vehicle (BEV) supply chain, Budget 2021's proposed expansion of the Strategic Innovation Fund - Net Zero Accelerator to...Read More

Sales volumes from flat-steel distributors rose 22.65% in March, compared to figures from the same month in 2020, amid resilient demand and a stronger performance, national distributor association Inda said on Tuesday April 20.Additionally, domestic prices were extremely competitive in comparison with imports despite recent increases applied by mills in April, according to the association.Flat-rol...Read More

Brazil's apparent steel usage grew by 50.15% in March compared with the same month in 2020, with imports outgrowing domestic sales from mills, according to data from national steelmaker association Instituto A??o Brasil published on Tuesday April 20.Steel consumption reached 2.45 million tonnes in March, up from 1.63 million tonnes a year earlier, A??o Brasil data showed. In March of last yea...Read More

Initial public offerings come and go but when they first go public, they are surrounded by hype that would make P.T. Barnum proud. There is an ass for every seat and a share for every speculator.The most recent stock to pass through Wall Street's spin machine was Coinbase Global (NASDAQ: COIN), which went public last week.It debuted at $380, popped to $430, where some unlucky schlub bought it, and...Read More

The price of hot-rolled coil continues to rise across Europe, with the upward trend being driven by a persistent material shortage, sources told Fastmarkets on Tuesday April 20.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?953.75 ($1,145.38) per tonne on Tuesday, up by ?,?12.08 per tonne from ?,?941.67 per tonne on April 19.The index was also up...Read More

GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) is focused on becoming a significant uranium producer through the continued exploration and development of its flagship, mine-permitted Madaouela Project, in Niger, its mine-permitted Mutanga Project, in Zambia, and its multielement Falea Project, in Mali. We learned from Daniel Major, CEO and Director of GoviEx Uranium that the uranium outlook is ext...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More