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CHINA REBAR: Production reduction concerns emerges, pushing up prices

June 12, 2021 / www.metalbulletin.com

Domestic rebar prices in eastern China continued rising on Friday June 11 due to market participants' concerns over production restrictions creating a wider range and ending the week up by 40 yuan ($6) per tonne week on week.DomesticEastern China (Shanghai): 5,070-5,100 yuan ($793-798) per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,070-5,120 yuan per tonne, down by...Read More

LIVE FUTURES REPORT 11/06: Zinc, lead rise 1%; all LME metals up

June 12, 2021 / www.metalbulletin.com

Zinc and lead made the biggest gains on June 11 morning amid a low dollar index following the inflation readings released on Thursday and comments from trading house Trafigura lending support to all metals at the end of the week. LME three-month zinc hit $3,040 per tonne on Friday at 9am, from $2,995 per tonne at Thursday's close, while LME three-month lead was back above the $2,200-per-tonne psyc...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 11/06: Molybdenum prices continue rally amid more supply tightness

June 12, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More

AEROSPACE MATERIALS MARKET REPORT 11/06: European V2O5 price climbs on tight prompt supply

June 12, 2021 / www.metalbulletin.com

An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

June 12, 2021 / www.metalbulletin.com

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

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

June 12, 2021 / www.metalbulletin.com

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,...Read More

CHINA ANTIMONY SNAPSHOT: Price moves up amid increased demand

June 12, 2021 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in China on Friday June 11.Key drivers: The antimony price in China picked up with producers raising offer prices amid increased inquiries from traders and downstream consumers. Sources said that downstream antimony-trioxide...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

June 12, 2021 / www.metalbulletin.com

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

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

June 12, 2021 / www.metalbulletin.com

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.Fastmarkets assessed...Read More

EUROPE STAINLESS STEEL: Prices surge amid ongoing shortages

June 12, 2021 / www.metalbulletin.com

The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,350-3,400 ($4,077-4,138) per tonne on Friday, up ?,?200 from ?,?3,150-3,200 per tonne a week ear...Read More

Leftist Castillo emerges as likely winner of Peru's contested presidential election

June 11, 2021 / www.northernminer.com

Socialist candidate Pedro Castillo is emerging as the winner of Peru's June 6 presidential elections, with 99.6% of the votes counted.According to the latest update, Castillo had about 50.2% of the vote, holding a slim lead of roughly 60,300 votes (or 0.344%) over conservative rival Keiko Fujimori, who has yet to concede and has alleged fraud despite scant evidence.The National Election Board (J...Read More

Western Uranium & Vanadium buys physical uranium

June 11, 2021 / www.northernminer.com

Western Uranium & Vanadium (CSE: WUC; US-OTC: WSTRF) has signed an agreement to buy 125,000 pounds of uranium concentrate at the current market price for delivery before the end of June 2022The company said the deal "has the potential to enhance the balance sheet beyond the purchase cost through uranium price appreciation," and the physical uranium can be "held as a long-term investment."The decis...Read More

Gold Mountain speeds toward first production at Elk Gold in BC

June 11, 2021 / www.northernminer.com

Gold Mountain Mining (TSXV: GMTN; US-OTC: GMTNF) is on track for first production in October and first revenue in November at its Elk Gold project in British Columbia.The company received a draft mining permit for the project on June 8, with a final permit expected to follow shortly. The junior plans to start mine commissioning in the third quarter, followed by commercial production in the final q...Read More

Imperial drilling at Red Chris cuts 1.1 g/t gold, 1.1% copper

June 11, 2021 / www.northernminer.com

Imperial Metals (TSX: III) has released new drill results from the newly discovered East Ridge zone of the Red Chris copper-gold mine, 80 km south of Dease Lake in B.C.The East Ridge discovery is outside current resources.At East Ridge, the best hole, RC684, returned 170 metres of 1.1 grams gold per tonne and 1.1% copper within a 344-metre section grading 0.70 gram gold per tonne and 0.75% copper...Read More

FERROUS ANALYTICS: Rising hot metal costs eat into margins

June 12, 2021 / www.metalbulletin.com

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More

EU will extend steel safeguard measures for three years, sources say

June 12, 2021 / www.metalbulletin.com

The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More

S KOREA STEEL SCRAP: Mills re-enter market for US deep-sea cargoes; prices up

June 12, 2021 / www.metalbulletin.com

Steelmakers in South Korea entered the market to pick up two deep-sea cargoes from the United States at higher prices over the past week, sources told Fastmarkets on Friday June 11.South Korean scrap buying prices were buoyed by hot finished steel demand in the country and a rise in Japanese export prices following Wednesday's Kanto Tetsugen auction.A South Korean steelmaker booked a 30,000-tonne...Read More

RT @nvgoldcorp: NV Gold receives ~$556,000 from warrant exercises - treasury approaching $5M

June 11, 2021 / tinyurl.com

NV Gold Corporation is a Canadian junior exploration company trading on the TSX Venture Exchange under the symbol NVX (TSX.V - NVX).Read full newsRead More

RT @marketheraldCa: Hemostemix (TSXV:HEM) closes $2,500,000 convertible debenture

June 11, 2021 / buff.ly

Hemostemix (TSXV:HEM) has closed its $2,500,000 convertible debenture order from a company director for debenture units priced at $1,000 per unit.Read full newsRead More

Barrick (GOLD) Aims to Restart Porgera Gold Mine in 2021

June 11, 2021 / dlvr.it

Barrick Gold Corporation GOLD recently announced that the framework agreement between the Papua New Guinea ("PNG") government and operator Barrick Niugini Limited ("BNL") took a major step forward to restart the Porgera gold mine. The deal provides that the Porgera mine will be owned by a new joint venture held 51% by PNG stakeholders and 49% by BNL. Per the terms, BNL will continue as the operato...Read More

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