Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More

Prices on the London Metal Exchange were mostly unchanged at the close of trading on Wednesday June 9, with futures contracts sticking to a consolidation phase at high levels so far this week.Zinc's three-month price, at $3,019.50 per tonne, was up b only $2.50 per tonne from Tuesday's closing price, but was at its highest value at the 5pm close since June 2, when it closed at $3,082.50 per tonne....Read More

The US nickel market was active in the week to Tuesday June 8, with a consensus that falling supply and healthy spot demand will support the current premium range. US premiums poised for possible increase if miners' strike in Canada endures.  Continued arbitrage losses push some Chinese traders away from nickel plate.  European London Metal Exchange warehouse stocks fall 400 tonnes, but...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More

The 60-64.9% ferro-chrome market narrowed upward in the week to June 8, on high offer prices for Indian ferro-chrome to Europe.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, narrowed upward by 5 cents (+2.4%) to $1.05-1.10 per lb Cr on June 8, from $1.00-1.10 per lb Cr one week earlier."There is a scarcity of material and the domest...Read More

Two Chinese investors into Kamoa Kakula copper mine in the Democratic Republic of Congo (DRC) have signed offtake agreements for phase 1 output, operator Ivanhoe Mines said on Wednesday June 9.CITIC Metal (HK) Limited and Zijin Mining's subsidiary Gold Mountains (HK) International Mining Co will each have access to 50% of Kamoa Kakula's copper concentrate and blister copper, Ivanhoe said The offta...Read More

Vancouver, BC, June 9, 2021 - Karus Gold Corp. ("Karus Gold" or the "Company") announces additional high-grade gold drill results including 5.3 meters ("m") of 10.2 g/t gold and 10 meters of 5.5 g/t gold in the Upper Zone of the FG Gold Project ("Project" or "FG Gold"), part of the Company's 1,000 square kilometer ("km") South Cariboo Gold District in British Columbia (Figure 1).HighlightsFG-20-...Read More

The polarising Peru election is currently too close to call.No doubt Rio Tinto will be keeping a close eye on Mongolia where the presidential election is on today.The Rio-controlled Oyu Tolgoi has been facing challenges from the government and is still awaiting approvals for the undercut, critical to avoid delays to the over-budget underground expansion. "Populist victories and the negative e...Read More

Prices in China's domestic and import spot ferro-chrome markets rose during the week to Tuesday June 8 on growing concerns over supply tightness amid strong consumption.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China was 7,500-7,800 yuan ($1,172-1,219) per tonne on Tuesday, up 100 yuan, or 1.3%, from 7,400-7,700 yuan per tonne the previous week.Production loss...Read More

Indicated resources in the so-called lower mine area amounted to 2.08Mt, up from 1.66Mt in the 2016 MRE. Average grade has fallen to 1.59% from 1.81%.Read More

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

An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Cristina Belda...Read More

Turkish steel mills continued their deep-sea scrap purchases for July shipment at slightly higher prices on Wednesday June 9, having only just resumed buying activity on Tuesday after a near-two-week break, market participants told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $498 and bonus scrap at $508 per tonne cfr.The same mill also bo...Read More

Jun 09, 2021 Guest(s): Kevin Rich Consultant, The Perth Mint Rumors have circulated on the internet that the Perth Mint has a shortage of physical silver and gold and that their pool products, either allocated or unallocated, do not have enough physical bullions backing them up."You can go to the Perth Mint's website and there' a bulletin there that absolutely denies those allegations," Kevin Ri...Read More

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sanguine that central banks will not rock the boat anytime soon......but will...Read More

Share this article VANCOUVER - As the impact of the Covid19 pandemic winds down, cobalt demand in 2021 should be boosted by strong performance in the electric vehicle (EV) sector with some analysts predicting a 17% increase in demand this year over 2020.Cobalt is used in the production of lithium-ion battery materials, superalloys, high-temperature alloys, cutting tools, magnetic materials, petro...Read More

Swedish battery maker Northvolt has announced the signing of a $2.75 billion private placement to expand the capacity of its gigafactory in the country, Northvolt Ett, to 60GWh from 40GWh to meet increased customers' demand, it said on Wednesday June 9.The private placement was jointly led by Swedish pension funds AP1, AP2, AP3 and AP4, and Omers Capital Markets, alongside existing investors Goldm...Read More

China's Ganfeng Lithium will set up a joint venture to invest in and construct a lithium project with an annual output 50,000 tonnes of lithium salts in Fengcheng city, Jiangxi province, it said on Wednesday June 9.Ganfeng signed an investment contract with the local government in Fengcheng on June 8 to build the lithium project. The investment will provide for building related infrastructure, pla...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 9 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely trended downward over the past week due to limited trading activity in the spot market.Two Chinese investors...Read More

Domestic prices for European heavy steel plate moved up over the week to Wednesday June 9, supported by strong demand, sources have told Fastmarkets."Demand is strong and is getting stronger. German mills have healthy order books due to long-term project contracts, and spot buyers have low stocks," an Italian source said."The demand for plate is quite strong, particularly due to the low stocks amo...Read More