Iron ore prices rose amid more active steelmakers at the Chinese portside because of re-stocking inventories, sources said on Tuesday March 23.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $161.80 per tonne, up $4.79 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.00 per tonne, up $4.88 per tonne58% Fe fines high-grade premium, cfr Qingdao: $146.17 per tonne, up $3.09 per tonne65% F...Read More

Japanese scrapyards are eyeing higher import prices for heavy scrap (HS) in China before offering material again amid rebounds in Chinese domestic billet prices before offering cargoes again, industry sources told Fastmarkets on Tuesday March 23.Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $460-470 per tonne on Tuesday, widening downward by $10 per t...Read More

China imported 7,106 tonnes of recycled steel raw materials in the first two months of 2021, up by 1,274% from a year earlier, according to data from the country's customs agency.Of the amount, 3,430 tonnes (48%) were from Japan, making it China's biggest scrap supplier.South Korea was second biggest scrap supplier to China in...Read More

China's domestic hot-rolled coil prices weakened on Tuesday March 23 while the inactivity in the export segment persisted amid sustained uncertainty over the country's export tax rebate for steel products.DomesticEastern China (Shanghai): 5,050-5,080 yuan ($776-781) per tonne, down 10-40 yuan per tonneSeveral Shanghai-based traders said spot sellers in the city had lowered their offers in response...Read More

The three-month nickel price on the London Metal Exchange was up by 1% during morning trading on Tuesday March 23, while aluminium fell to $2,227.50 per tonne, with a combination of macroeconomic factors and fundamentals issues resulting in mixed price movements.Aluminium's price was down by by 1.95% on Tuesday at 9am, nevertheless still above the $2,200 per tonne mark. The light metal hit a year-...Read More

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange, as well as spot precious metals prices, were mainly weaker this morning, Tuesday March 23, as were broader markets.Markets looking more nervous after concerted Western government sanctions on China have raised geopolitical tension.Europe braces for further Covid-19 lockdownsBase metals LME three-month base meta...Read More

The Shanghai Futures Exchange's plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China's stainless steel mills in the ore and alloy markets, participants told Fastmarkets.While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contr...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, $/lb at 23.50-24.15 on Tuesday March...Read More

A summary of China's battery raw materials exports for the first two months of 2021.In briefLithium carbonate exports decreased in January-February in a year-on-year comparison with the early months of 2020, with tight domestic supply from most producers and no great improvement in overseas demand.Read More

A summary of China's battery raw materials imports for the first two months of 2021.In briefImports of cobalt metal rose sharply year-on-year early in 2021, with the second round of stockpiling by China's State Reserve Bureau elevating the domestic price of metal in the first two months of the year, triggering a robust import appetite in the country for the blue metal.Imports of cobalt intermediat...Read More

A summary of China Molybdenum Co's annual report filed to the Shanghai Stock Exchange on Tuesday March 23.In briefRevenue for mining and processing business totaled 18.48 billion yuan ($2.84 billion), down by 4.06% year on year.Revenue for molybdenum and tungsten segment amounted to 3.55 billion yuan, down by 21.19% from previous year, due to...Read More

This week's episode features Rohan Reddy, research analyst at Global X, a New York-based provider of global exchange-traded funds, including the Global X uranium ETF. In this wide-ranging interview, Reddy explains how uranium is positioned to be one of the best-performing commodities in the coming years, with the construction of nuclear reactors in China and India, as well as the improving percept...Read More

The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing global demand for metals, particularly those needed for electric vehicles and renewable energy.For Capital (LSE: CAPD), a mining service provider that has spent the last two years expanding into West Africa, lack of exploration spend, fla...Read More

With a prefeasibility study (PFS) expected to be complete in the second quarter, gold miner Wesdome Gold Mines (TSX: WDO) has announced the discovery of a high-grade gold zone at its past-producing Kiena mine in the Val d'Or area of Quebec.The latest discovery is in the footwall of the higher-grade Kiena Deep A zone. Drill highlights from this area included 22 metres of 11.9 grams gold per tonne;...Read More

Troilus Gold (TSX: TLG; US-OTC: CHXMF) plans to expand its position in Quebec's Frotet-Evans greenstone belt by 33% through an all-share acquisition of junior UrbanGold Minerals (TSXV: UGM). The two companies have entered into a definitive agreement with Troilus offering 0.3004 of a Troilus share for each UrbanGold share, which equates to an offer of 30 ? a share, and is a 35.3% premium based on 2...Read More

Australia's Lucapa Diamond (ASX: LOM) has reported a 35% increase in the resource carats at its Lulo diamond mine in Angola, where the company found a 113-carat white diamond in January.Despite a reduction in grade to 6.86 carats per 100 cubic metres, which Lucapa said was a result of adjusting the mining dilution factor, the mine's in-situ resource now sits at 135,900 carats at a modelled ave...Read More

The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Eldorado Gold rose US53 ? to US$12 per share. On March 17, lawmakers in Greece approved a revised contract with Eldorado, paving the way for restarting a major mining investment stalled over licensing and envi...Read More

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