Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling hit 30.5m at 1.99% copper and 4.85% zinc (plus lead, silver and gold), as well as 10.6m at 4.15% copper and 8.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesLos Andes said a court of appeals had granted a motion against the Servicio de Evaluación Ambiental (SEA), instructing the environmental evaluation service to conduct a public consultation process, before finalising the evaluation process of a permit - which had been announced in April - for upcoming drilling at Vizcachitas....Read More

The latest forecast from Fastmarkets' team of analysts is ready to view.As we enter the summer season across the northern hemisphere, almost half a year has passed since the Covid-19 pandemic began to seriously affect Europe and the United States.One would not really be able to tell that such a dramatic event had occurred by looking at stainless steel prices, however, because they are more or less...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices are relatively stable this month, showing little change since our previous tracker. Such stability masks growing issues for stainless steelmakers, however, who are increasingly unable to pass on rising costs to consumers and are, thus, facing cuts to their margins.In general, this is due to an excess of...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices are on the increase in June. As far as this market is concerned, it appears as though the Covid-19 pandemic has had little impact so far, with prices on the most common grades of stainless steel just 2-4% lower than they were at the turn of the year in most markets.Even in Asia, a region often talked ab...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Tesla starts trading today on a five for one stock split basis.Apple starts trading today on a four for one stock split basis.Changes in content of the Dow Jones Industrial Average become effective today. Added to the Average are Amgen, Salesforce.co and Honeywell. Deleted from the Average...Read More

Seaborne prices for low-grade and high-grade manganese ore in China consolidated in the week to Friday August 28, with market participants awaiting direction from offers for October shipments and the release of the purchase price for September-delivery silico-manganese from Hebei Steel - China's second-largest steel mill - market sources told Fastmarkets.Fastmarkets' manganese ore index 37% Mn, ci...Read More

The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.30 yuan ($5.14) per dry metric tonne unit (dmtu) on August 28 - equivalent to $4.40 per dmtu ex...Read More

A summary of miner-producer China Molybdenum Co's results for the six months of 2020, as released on Monday August 31.In brief Revenue for the company's mining and processing business totaled 9.1 billion yuan ($1.3 billion) in the first half of 2020, down by 4.86% year on year. ...Read More

A second deal for fourth-quarter aluminium ingot supply to main Japanese ports (MJP) was concluded at a premium of $83 per tonne cif MJP, market sources told Fastmarkets on Monday August 31.The deal was for 1,500-3,000 tonnes of aluminium ingot in total for October-December delivery, with 500-1,000 tonnes to be delivered each month. The premium is paid on top of the London Metal Exchange cash pric...Read More

Prices for carbon steel plate in the United States strengthened for the first time this year after mills announced that they would seek price increases.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed back to $26 per hundredweight ($520 per short ton) on Friday August 28 from $25 per cwt on August 21. The assessment had spent one week at $25 per...Read More

Hot-rolled coil prices in the United States surged past $25.50 per hundredweight ($510 per short ton) only one trading day after rising above $25 per cwt for the first time since mid-June, propelled by a round of domestic mill price increases and slowly rising demand. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $25.60 per cwt ($512 per ton) on Monday August 31, up...Read More

Fastmarkets examines the factors affecting the price spread between domestic steel reinforcing bar and shredded scrap over the past two years. Trade, supply factors widen, then tighten spreadWhile rebar and scrap prices tend to be directionally correlated, developments on the trade front helped widen that gap, according to KeyBanc Capital Markets analyst Philip Gibbs."If you look at it over a...Read More

Indian mills have increased export prices for hot-rolled coil by $15 per tonne this week, with material being offered at $515-520 per tonne, mainly to Southeast Asian destinations.Fastmarkets assessed the price of steel hot-rolled coil (commodity) export, fob main port India at $500-505 per tonne on Friday August 28 - a range at which deals were being concluded."Domestic...Read More

The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto A??o Brasil said on Friday August 28.At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of A??o Brasil, Marco Polo de Mello Lopes said du...Read More

Unigold (TSXV: UGD) has announced an updated mineral resource estimate for the Candelones oxide project on the company's flagship Neita concession, a 226-sq.-km land package located in the province of Djabon in the Dominican Republic, 220 km northwest of the capital Santo Domingo.The pit constrained oxide mineral resource now stands at measured and indicated resources of 3.43 million tonnes gradin...Read More

Copper cleared the pivotal US$3 per lb. level on Monday as the recovery in the Chinese economy, the world's top consumer of the metal, gains momentum.Copper for delivery in December trading on the Comex market in New York changed hands for US$3.065 per lb. (US$6,757 per tonne) in early afternoon trade, the highest since June 2018. The move brings gains of 10% for 2020 and 58% since the Covid-19 lo...Read More

A renewed demand for finished steel, higher steel mill utilization rates and mills actively on the hunt for ferrous scrap in recent weeks all point to a strong ferrous scrap trade in the United States in September.Higher numbers have already been tossed around, with sellers expecting scrap prices to rise by $20-40 per gross ton depending on the grade and the region in the pending trade. Some sugge...Read More

GFG Resources (TSXV: GFG; US-OTC: GFGSF) has begun this year's second-phase, 8,500-metre drill program at the 475-sq.-km Pen project, 40 km west of the Timmins gold district in Ontario.The program will test high-grade gold targets across four prospective areas of the property. Pen covers a 50-km-long section of Archean greenstone, the interpreted western extension of the Porcupine-Destor fault zon...Read More

After closing a $12-million private placement in August, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) is looking to triple the metres drilled at its Indin Lake gold project in Canada's Northwest Territories next year, with up to 75,000 metres planned using five drill rigs. The program, which starts this fall, marks a significant increase from this year's ongoing program of 25,000 metres using three dr...Read More