Seaborne low-grade manganese ore prices on Friday March 26 lost all of the gains made earlier in the month after some miners reduced their offer prices amid strong resistance from buyers.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, fell by 17 cents per dry metric tonne unit (dmtu) on March 26 to $4.69 per dmtu.The corresponding index for manganese ore 37% Mn, fob Port Elizabeth, went dow...Read More

The unsecured facility was teed up with a group of international banks and guaranteed by certain operating units, the gold miner said.The margin under the loan was directly linked to Nordgold's EcoVadis ESG rating."We are making significant strides in rapidly advancing our ESG performance, not least having recently committed to achieving net zero CO2 emissions by 2050, in support of the objectives...Read More

The latest data for the global manganese ore market for the week ended March 29, 2021.Read More

Diversified producer Anglo American and Anax have signed a non-binding term sheet that involves Anglo acquiring a 1% net smelter return for US$2 million for future copper and zinc production, with theRead More

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

Base metals prices on the London Metal Exchange were mainly lower this morning, Monday March 29, but those on the Shanghai Futures Exchange were stronger across the board while they reacted to Friday's LME performance. Market focused on further potential fallout from troubled hedge fund after a mass liquidation on FridayEver Given ship re-floated in Suez CanalUnited States President Joe Biden expe...Read More

First Cobalt has entered a five-year offtake agreement for Stratton Metals Resources to market cobalt sulfate from its refinery in Ontario, Canada, it said on Monday March 29. The "flexible long-term" deal will permit First Cobalt to also sign offtake agreements with automotive original equipment manufacturers (OEMs), which could reduce the volumes sold to Stratton, according to the press release....Read More

Share this articleLocal access to these strategic minerals is crucial if we are to ensure the long-term viability of our technology sectorThe Canadian mining sector has been a vital cog in the country's economy during the pandemic, with the importance of the industry growing steadily over time. Operations and exploration continued during the COVID-19 outbreak, collaborations with Indigenous commun...Read More

Ambatovy will soon resume cobalt production following the restart of its nickel operations and after a year's absence, a spokesperson for the joint venture in Madagascar told Fastmarkets on Monday March 29. The company announced the restart of its nickel production on networking website LinkedIn on Friday. "After a shutdown of approximately one year due to health and safety considerations rel...Read More

Key data from Fastmarkets' pricing session in China on Friday March 26.Key drivers China's cobalt metal prices moved up amid rising local futures prices. Spot demand remained thin, with buyers cautious about accepting higher prices.Chinese cobalt tetroxide prices were rangebound at current levels amid a continued bid-offer stalemate....Read More

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

U.S. markets are back in the red across the board to kick off this week's trading. The forecast for stocks this week: more volatility, more surprise up-and-down swings, and, come Friday, the major indexes will squeeze out some modest gains.Now, there's nothing wrong with small gains during a choppy, sideways stock market. Any gain is better than no gain, and certainly better than taking a loss. P...Read More

Domestic prices for steel hot-rolled coil increased substantially across Europe over the week to Friday March 26 while transaction prices in Northern Europe have reached a new multi-year high.Following a rise in transaction prices, ArcelorMittal pushed its official offers for HRC to ?,?900 ($1,061) per tonne ex-works, an increase of ?,?50 per tonne over its previous offers in Northern Europe, and...Read More

Domestic hot-rolled sheet prices in Russia's Central Federal District around Moscow moved up in the week to Monday March 29, supported by improving buying activity and rising export prices, sources told Fastmarkets.Hot-rolled sheetBuying activity in the region has continued to pick up over the past week amid a seasonal improvement in end-user demand, restocking, sources said.Official domestic offe...Read More

CIS producers of steel rebar and wire rod have continued to give discounts to foreign customers amid increased competition, particularly with Turkish suppliers, which reduced prices in the week ended March 26 amid falling scrap costs and a depreciation of the Turkish lira.Wire rod offers from Russia were heard on Monday March 29 within the range of $670-685 per tonne fob Black Sea, depending on su...Read More

Domestic prices for steel rebar in Russia's Central Federal District around Moscow increased again over the past week, driven by improving demand, sources told Fastmarkets on Monday March 29.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 53,000-54,000 roubles ($699-712) per tonne, including 20% value-added tax, on March 29. This was up by 1,000-2...Read More

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More