The United Kingdom light iron steel scrap market was stable in the week to Friday March 12, consolidating a three-week run of price increases amid tight domestic supply and regular export business into traditional deep-sea destinations, sources told Fastmarkets.The UK light iron market has climbed about 25% from one month ago to its highest level since May 2012, when prices were ?160-170 per tonn...Read More

Turkish deep-sea scrap import prices fell sharply on Friday March 12 as a result of panic sales, especially in the Baltic Sea region, market sources said.A steel mill in the Marmara region booked a 30,000-tonne cargo from the Baltic Sea region, comprising HMS 1&2 (80:20) at $437 per tonne and bonus at $447 per tonne cfr. The cargo breakdown was no clear at the time of the publication.A steel mill...Read More

Clients and ultimately the metals market will suffer if the London Metal Exchange's proposals to change its margin methodology go ahead, the heads of a number of brokers and trade users have said.Speaking during a panel discussion at the virtual Fastmarkets Copper Seminar, executives noted that the provision of credit, granted by brokers to clients, was at the heart of the LME's franchise. But cha...Read More

If the proposed changes to the London Metal Exchange's margin methodology go ahead, it would be a "disaster" for the provision of credit to clients by its brokers, according to the acting managing director for Minmetals (UK).Liangmin Gu said that a change would have a "huge" effect on the metals trading company, and would increase costs and reduce the LME's competitiveness against its peers in the...Read More

The London Metal Exchange expects participation in trading its contracts to rise if it pushes ahead with incentivizing its electronic platform, based on conversations it has had.But its chief executive officer declined to specify by how much the exchange expects its volumes to increase, nor who the participants are, it added.Addressing the issue during a panel discussion at the virtual Fastmarkets...Read More

Iron ore prices went down on Friday March 12 due to the weak demand amid strong supervision on steel production operations in Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $165.44 per tonne,down $5.26 per tonne62% Fe low-alumina fines, cfr Qingdao: $165.53 per tonne,down $5.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.27 per tonne,down...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Key data from Fastmarkets' pricing session in London on Friday March 12.Key drivers Offers revised down after Thursday's price fall, but buyers were still accepting prices above the previous range for briquettes and broken cathodes. Sellers competing...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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 Cobalt...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 standard grade, in-whs Rotterdam,...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

Brazil-based metals producer Nexa Resources suspended activity at the open-pit San Gerardo zinc-lead mine at its Atacocha unit in Peru due to road blockades, the company said on Thursday March 11.The miner restricted operations to the minimum workforce necessary for critical maintenance and safety, it said, after demonstrations from the local Machcan community were blocking access to Atacocha's pr...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 12. ChinaThe spot domestic market price remained firm when production was suspended in Baotou due to the energy consumption restrictions in Inner Mongolia, adding to the already tight availability.The export price edged higher amid increasing spot demand from Asian buyers.Europe The spot...Read More

Taiyuan Iron & Steel (Tisco) plans to triple its annual output of stainless steel products by 2025, according to its general manager Gao Jianbing.The mill - China's second-largest stainless steel producer - plans to raise its annual crude steel output to 25 million tonnes by that year. Of these,...Read More

Falsified steel production records are undermining China's crackdown on industrial pollution, especially in key steelmaking city Tangshan, the Ministry of Ecology and Environment said on Thursday March 11.Unannounced checks by ministry officials on four steel mills in the city had found that the mills had "doctored and deleted production records" and "tipped each other off" about the spot checks....Read More

Mineral exploration and mining companies that incorporate environmental, social, and governance (ESG) principles as "true value drivers" as part of their corporate culture will outperform and have greater access to more long-term capital and at lower costs, says Sprott Capital's Daniella Dimitrov.The principles of ESG are not new to the mining industry, Dimitrov told the virtual audience at this...Read More

Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million oz. silver, and 22,187 oz. palladium.Operating cash flow for the year was over $765 million, also a record. The company reduced its net debt by $275 million, leaving it at $2 million. Shareholders were...Read More

Golden Dawn Minerals (TSXV:GOM; US-OTC:GDMRF) has completed a helicopter-borne VTEM and magnetics survey over the old Phoenix copper mine at its Greenwood precious metals project in southeast B.C. The Golden Crown, Lexington and Tam O'Shanter gold properties were also included.The survey is the first to be flown over Golden Dawn's claims. It was conducted on a 100-metre spacing.Golden Dawn expects...Read More

A report on battery metals produced by Aperio Intelligence on behalf of Eurobattery Minerals forecasts a considerable increase in raw materials demand for Europe's e-mobility sector by 2025, which is unlikely to be met by local producers.According to the document, Europe produced around 750,000 EVs in 2019, a total that is set to rise to more than 4.0 million in 2025. This equates to an increase f...Read More