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IRON ORE DAILY: 62% Fe index returns to $100-mark amid gains in futures

July 04, 2020 / www.metalbulletin.com

Seaborne iron ore prices went up on Friday July 3, crossing the $100 per tonne threshold once more after falling below the mark in late June. A rise in prices in both the Chinese iron ore futures market and the 62% Fe July swaps contract on the Singapore Exchange (SGX) contributed to the increase.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $100.65 per tonne, up $1.18 per tonn...Read More

BANGLADESH STEEL SCRAP: Sellers attempt to resist further price cuts

July 04, 2020 / www.metalbulletin.com

Prices for steel scrap imported to Bangladesh moved down again over the past week, but sellers will resist any further price drops, market sources told Fastmarkets.At least one bulk cargo was booked from the US West Coast to Bangladesh over the past fortnight, with another sale said to be possible if sellers accept lower prices, sources told Fastmarkets.Reduced prices have been...Read More

COKING COAL DAILY: Seaborne prices diverge; most market participants standby

July 04, 2020 / www.metalbulletin.com

Seaborne coking coal prices diverged on Friday July 3, with market participants taking a wait-and-see attitude toward the market, Fastmarkets was told.Fastmarkets indicesPremium hard coking coal, fob DBCT: $114.60 per tonne, up $0.11 per tonne Premium hard coking coal, cfr Jingtang: $125.50 per tonne, down $1.27 per tonneHard coking coal, fob DBCT: $92.83 per tonne, up $0.33 per tonneHard coking c...Read More

CHINA REBAR: Domestic prices rebound slightly on futures gains

July 04, 2020 / www.metalbulletin.com

China's domestic rebar prices edged up on Friday July 3 on higher trading activity amid a rising futures market, but the near-term outlook remains bearish. DomesticEastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, up by 10 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,630-3,660 yuan per tonne, unchanged from June 29Traders raised rebar prices slightly following futur...Read More

Chinese alumina market 'lights up' as SHFE aluminium price hits six-month high

July 04, 2020 / www.metalbulletin.com

Market activity in the domestic Chinese alumina market jumped up in the second half of the week to Thursday July 2 after the Shanghai Futures Exchange aluminium futures price rose to its highest since January 23. Fastmarkets assessed the alumina metallurgical grade, ddp China price at 2,300-2,330 yuan ($325-330) per tonne on Thursday, up from 2,250-2,280 yuan per tonne the week prior. This is...Read More

CHINA HRC: Prices rise, but concerns over delivery of Indian cargoes increase

July 04, 2020 / www.metalbulletin.com

China's hot-rolled coil prices rebounded on Friday July 3, with rising futures bolstering sentiment. Some importers have started to worry about the delivery of Indian cargoes amid rising tensions between China and India.DomesticEastern China (Shanghai): 3,740-3,760 yuan ($529-532) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,620-3,650 yuan per tonne, up 10-20...Read More

COBALT HYDROXIDE SNAPSHOT: Payables nudge higher but sellers cautious

July 04, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in London and Shanghai on Friday July 3.Key drivers- Spot payables edged higher, and were now at levels last seen in March. Activity was still reasonably thin but many suppliers were holding...Read More

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

July 04, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy...Read More

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

July 04, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More

MINOR METALS MARKET REPORT 03/07: Cadmium weakens amid subdued global demand

July 04, 2020 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for their latest price moves.Read More

Futures strength buoys Chinese cobalt metal prices

July 04, 2020 / www.metalbulletin.com

The strength in the Chinese cobalt futures market since mid-week has buoyed domestic cobalt metal prices, despite lackluster spot demand, sources told Fastmarkets on Friday July 3.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China rose to 238,000-244,000 yuan ($33,677-34,526) per tonne (equivalent to approx. $13.51-13.86 per lb, minus China VAT) on Friday July 3, up 1.3% from 235,000-...Read More

CHINA MINOR METALS MARKET REPORT 03/07: Manganese flake down on lower offers; indium falls on iliquidity

July 04, 2020 / www.metalbulletin.com

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

MORNING VIEW: Metals pause for thought, but remain buoyant overall

July 04, 2020 / www.metalbulletin.com

Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.China's Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times that a wav...Read More

GLOBAL MANGANESE SNAPSHOT: Ore prices take another hit; alloy margins still squeezed

July 04, 2020 / www.metalbulletin.com

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday July 3. China  Seaborne manganese ore indices tumbled further amid lower offers in response to falling portside ore prices and alloy futures, as well as lower-than-expected tender results for July-delivery silico-manganese from Hebei Steel. Buyers hold out from restocking amid expectations the...Read More

GLOBAL FERRO-SILICON SNAPSHOT: China markets head higher; Europe consolidates

July 04, 2020 / www.metalbulletin.com

Key data from the pricing sessions in Asia, Europe and the United States in the week ending Friday July 3.China  The domestic price rallied due to persistent supply tightness while the market awaits for the release of July tender prices from major steel mills. The export price widened upward...Read More

Moon richer in metals than previously thought: study

July 03, 2020 / www.northernminer.com

Plans to start mining the Moon as early as 2025 became more attractive this week after a U.S. National Aeronautics and Space Administration (NASA) team found evidence that the Earth's natural satellite may, underneath its surface, be richer in metals than previously thought.Using data from the Miniature Radio Frequency (Mini-RF) instrument onboard NASA's Lunar Reconnaissance Orbiter (LRO), a tea...Read More

Victoria Gold begins commercial production at Eagle

July 03, 2020 / www.northernminer.com

Victoria Gold's (TSX: VGCX) Eagle gold mine in central Yukon reached the commercial production milestone on Canada Day. As of July 1, all of the facilities required for this stage of the mine life are now complete and, according to Victoria, the mining and processing operations are performing well."Site activities continue to progress well, and all facilities and operations are now at, or approach...Read More

JV Article: Adapting Mining Operations in Times of Instability

July 13, 2020 / www.northernminer.com

Adapting Mining Operations to Times of InstabilityThe world economies have slowed, and commodities prices have changed significantly as demand decreases, forcing several major mining companies to revisit and adjust their plans for 2020. Regardless of size or commodity, almost all mining organizations across the world have changed the way they operate, adopting a wide variety of measures to keep st...Read More

Video: PearTree presentation by CEO Lisa Davis at the Canadian Mining Symposium, part 1

July 03, 2020 / www.northernminer.com

PearTree Remarks by Lisa Davis, CEO, PearTree Securities on June 16.Read More

TAIWAN STEEL SCRAP: Mills put up resistance amid weakening regional market

July 04, 2020 / www.metalbulletin.com

Import prices for containerized ferrous scrap in Taiwan declined further this week, with steelmakers holding back amid a weakening market for the steelmaking raw material in Asia.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $230 per tonne on Friday July 3, down by $2 per tonne from Thursday but $15 per t...Read More

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