Vietnam's import scrap market for bulk cargoes was quiet throughout the last week, with holidays in Japan and sluggish finished steel markets preventing further purchasing, market sources told Fastmarkets on Friday August 14."Finished product prices are not going up. We've reached a point where we will not buy anymore," a Vietnamese mill source told Fastmarkets on Friday. "There's no demand at the...Read More

The high inventory of iron ore lumps at the Chinese ports signals a lack of appetite for the direct charge raw material, prompting the lump premium to ease, trade sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.44 per tonne, up $1.06 per tonne.62% Fe low-alumina fines, cfr Qingdao: $121.27 per tonne, up $0.72 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $107.81...Read More

Seaborne prices were flat on Friday August 14 amid a silent market, while the ex-China markets showed signs of recovery and Chinese steel mills were stuck with the country's import restrictions on seaborne coking coal, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.84 per tonne, down $0.15 per tonne Premium hard coking coal, cfr Jingtang: $115.09 per tonne, up $0.22 per t...Read More

Seaborne coking coal prices declined across the board on Thursday August 13 except for premium hard coking coal in the fob market, where market sources said trading was relatively active.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.99 per tonne, up $0.57 per tonnePremium hard coking coal, cfr Jingtang: $114.87 per tonne, down $0.99 per tonneHard coking coal, fob DBCT: $85.02 per ton...Read More

Seaborne premium hard coking coal prices remain relatively flat on Wednesday August 12 amid a quiet seaborne spot market until one transaction was heard later in the evening, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.42 per tonne, down $0.09 per tonnePremium hard coking coal, cfr Jingtang: $115.86 per tonne, up $0.02 per tonneHard coking coal, fob DBCT: $87.15 p...Read More

Eastern China's rebar prices were flat on Friday August 14 amid stable demand, but market participants are pessimistic about next week's prices due to supply pressures.Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($520-524) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,670-3,700 yuan per tonne, down by 30 yuan per tonneDemand was stable during the day ahead of the weeken...Read More

Base metals prices opened mostly higher on the London Metal Exchange, with stable indications of economic recovery in China helping support prices on Friday August 14. Industrial output in China grew 4.8% in July, flat from the growth rate in June, prompting support for base metals prices. "Industrial output and activity continue to lead the way - it appears that this is enough to get metals price...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday August 14. ChinaSeaborne manganese ore prices continued to climb up amid improved sentiment resulting from growing portside ore and alloy prices and continued buying of 37% manganese ore material. Prices for 44% manganese ore will follow the trend pending fresh offers, sources said.Portside ore pric...Read More

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

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 the price of cobalt standard...Read More

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

Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday August 14.ChinaThe UG2 chrome ore market recorded a pick-up in activity over the past week, with buyers procuring at around the current index level, while some sales were reported above this level later in the week ...Read More

Falcon Gold (TSX-V: FG) has reported positive drill results from a second hole at its flagship Central Canada gold project, located 22 km east of Atikokan and 160 km west of Thunder Bay in north-western Ontario.Drill hole 20-02 intersected 1 metre grading 23.11 grams gold per tonne starting from 35 metres downhole. Assays from the first hole, 20-01, returned high-grade gold mineralization over 3...Read More

Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) said on Aug. 13 that the Pebble Partnership has written to the Inspectors General of the U.S. Army, the U.S. Department of Defense and the U.S. Army Corps of Engineers (USACE), joining the call for a review of the USACE's management of the Pebble Project Environmental Impact Statement (EIS).The move comes after the U.S. Congress House Committee on Ov...Read More

China has approved the merger of two of Shandong province's top state-owned coal miners, Shandong Energy Group and Yankuang Group. The combined company, China's second-largest coal producer after China Energy Investment Corporation (CEIC), will operate under the name Shandong Energy Group.The new entity is expected to account for close to 7% of the country's total coal output. China is the world's...Read More

Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of Semafo (TSX: SMF), its smaller rival in the region."We are going to move to one or the other," S?(C)bastien de Montessus, Endeavour's director and CEO, sa...Read More

Taiwanese buyers turned to imported containerized ferrous scrap from the United States West Coast over the past week due to the absence of Japanese scrap in the market.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $257-259 per tonne on Friday August 14, unchanged from a day earlier but up by $2 per tonne...Read More

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world's top economies gear up to review a January deal after a prolonged trade war.Read full newsRead More

Australian shares rose on Friday, buoyed by gains in gold stocks and the central bank's reassurance on policy measures to ease the economic pain of the coronavirus crisis.Read full newsRead More

Capital 10X has put together an investing series looking at the most promising states for cannabis investment. We begin with Nevada, the state with the highest ticket sales.Read full newsRead More