Turkish steel producers stayed out of the ferrous scrap market this past week, with no deep-sea bookings amid limited steel demand and increased supply of scrap, especially from the Baltic Sea, market participants told Fastmarkets on Friday March 19.After booking two deep-sea scrap cargoes from the Baltic Sea at the end of the last week at $435-437 per tonne cfr, basis an 80:20 mix of No1 and No2...Read More

Brazilian iron ore pellet producer Samarco expects to produce 7.5 million tonnes of iron ore pellets in 2021, according to Rodrigo Franklin, the company's head of business intelligence.Franklin was speaking in Fastmarkets' Global Iron Ore online conference on Wednesday March 17 when he provided an update on mining operations at the Brazilian mining site. The company's operations resumed in Decembe...Read More

Iron ore prices fell on Friday March 19 amid tighter emission restrictions imposed in Tangshan until the end of June, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $161.39 per tonne, down $5.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $161.67 per tonne, down $5.31 per tonne58% Fe fines high-grade premium, cfr Qingdao: $148.05 per tonne, down $4.53 per tonne...Read More

Spread the love COMMENT: Marty; I just wanted to tell you an old friend of mine is still a gold bug. When I said I follow you and have actually made money, it was like you were the antichrist. He said you support the central bankers and they create endless amounts of money to fund the military but then keep gold capped to make the system work. I could not even follow his argument. Then he sai...Read More

China's hot-rolled coil prices continued to gain strength on Friday March 19, rising to their highest since August 2018 following the announcement of a new round of production cuts in Tangshan, in northern China.DomesticEastern China (Shanghai): 4,990-5,050 yuan ($767-776) per tonne, up 40-70 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,920-4,950 yuan per tonne, up 30-90 yuan per...Read More

Deliverable stocks of base metals, with the exception of copper and aluminium, in Shanghai Futures Exchange-registered warehouses decreased during the week to Friday March 19, with nickel posting the largest decline in percentage terms at 16.2%.Nickel inventories stood at 10,563 tonnes on Friday, down by 2,040 tonnes from 12,603 tonnes one week ago, according to the exchange's latest stocks report...Read More

Almost 200,000 tonnes of aluminium were cancelled on Friday March 19, London Metal Exchange warehouse data showed, while most futures prices traded sideways with only tin dropping nearly 2%. Some 198,950 tonnes of aluminium were freshly cancelled on Friday and entirely in the Port Klang, Malaysia warehouses. This is the biggest cancellation after the 650,000-tonne intake of material on March...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...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.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

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....Read More

The cost of flat-rolled stainless steel in Europe rose during the week to Friday March 19 on supply constraints and firm demand, despite the substantial decrease in the price of nickel three weeks ago, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe was ?,?2,800-2,850 ($3,343-3,403) pe...Read More

Key data from the pricing session in London on Friday March 19. Key drivers:Prices for ferro-molybdenum and molybdic oxide continued to decline amid ample availability and slow consumer demand for the former; and trader selling for the latter, following...Read More

The European charge and high-carbon ferro-chrome benchmark for the second quarter of 2021 has leapt up to $1.56 per lb Cr, a jump of 38.5 cents (32.77%) from the first quarter. The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is a forward-looking price for the coming quarter. It is settled...Read More

Kodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesPrompted by higher nickel prices, Poseidon is racing to restart historical mining sites in Western Australia under the leadership of P...Read More

Nexa Resources (TSX: NEXA; NYSE: NEXA) - one of the largest zinc producers in the world - has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which is developing Ayawilca, one of the largest zinc projects in Peru.Nexa owns Peru's only operating zinc smelter as well as three underground base metals mines in the country, and according to Wood Mackenzie was among the top five produc...Read More

Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new report by Moody's Investor Service, a ratings agency. Moody's says earnings for the 130 rated issuers in the industry have improved since mid-decade downturn, with EBITDA for 12 months through...Read More

Encouraged by positive results from its exploration program at the Pickle Crow gold project in northern Ontario, Australian junior Auteco Minerals (ASX: AUT) is planning to take a 51% interest in the past-producer, 400 km north of Thunder Bay.Under a joint-venture deal signed with First Mining Gold (TSX: FF) in January 2020, Auteco has completed enough exploration spending to earn a majority stake...Read More

Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets.Despite the Covid-19 pandemic, China has imported a record amount of iron ore, pushing the metal price high. Tight supplies helped lift the most-active futures contract for 62% iron-ore fines delivered to China to US$174.94 per metric tonne on Mar...Read More