The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 billion rubles ($2.2...Read More

Hot-rolled coil prices in China's domestic market traded within a narrower range on Monday June 28, with talks of production curbs underpinning futures prices.DomesticEastern China (Shanghai): 5,400-5,450 yuan ($836-844) per tonne, narrowing upward by 20 yuan per tonne from 5,380-5,450 yuan.The most-traded HRC contract on the Shanghai Futures Exchange clawed back earlier losses to end the day slig...Read More

China's domestic rebar prices maintained their upward momentum on Monday June 28 on expectations of tighter supply, though demand was affected by rain across regions on the southern side of the Yangtze River.DomesticEastern China (Shanghai): 4,860-4,880 yuan ($752-755) per tonne, up by 10-20 yuan per tonneSteelmakers in China's steel hub of Tangshan in the northern region have been instructed to l...Read More

London Metal Exchange base metals prices were in a consolidation tone on the morning of Monday June 28, after a pick-up during the latter part of last week. Nickel's price was down a slight 0.7% to $18,390 per tonne at 9am from $18,523 per tonne on Friday at the close. The metal was the best performer last week, rising by 6% from last week Monday's closing price of $17,450 per tonne. Nickel's rise...Read More

Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed. Spread of Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa causing concern about a 4th waveBase metalsLME three-month base metals prices, with the exception of tin that was untraded, were down across the boar...Read More

Chinese cobalt producer Hanrui Cobalt has applied to launch an initial public offering (IPO) of its shares on the Stock Exchange of Hong Kong, the company said on Friday June 25.The company aims to strengthen its leading position in the global cobalt industry and deepen upstream and downstream integration amid growing opportunities in the new energy vehicles (NEVs) sector driven by carbon neutral...Read More

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, in-whs Rotterdam, $/lb at 22.00-22.95 on Monday June...Read More

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.Fastmarkets...Read More

Key data from Fastmarkets' pricing session in China on Friday June 25.Key drivers: The antimony price in China moved up with cargo holders raising offer prices amid tight market supply. Sources said that only a limited number of producers...Read More

Key data from the Friday June 25 pricing session in London and Beijing.Key drivers Cobalt hydroxide payables held steady last week, but some suppliers were considering pushing these up on rising prices for cobalt salts downstream - which had been trending upward since the middle of June - and growing optimism amid continual increases in benchmark metal prices. Chinese...Read More

Key data from the Friday June 25 pricing session in China.Key drivers China's cobalt metal market rose further due to strengthening Chinese futures amid bullish sentiment following continuous increases experienced by global benchmark metal prices. Most sellers held back from selling in anticipation of higher prices in July. Some cobalt tetroxide suppliers kept their offers steady...Read More

Demand for greener energy has put companies with uranium and base metal projects under the spotlight. Here's a list of the top ten Canadian-headquartered base metal and uranium juniors with no production. The ranking is based on the companies' market capitalization as of June 3, and compiled by MiningIntelligence.NexGen EnergyMarket cap: $2.7 billion (US$2.3 billion)The world-class core processing...Read More

The German steel industry has called for further support and policy after the Climate Protection Emergency Program 2022, and for the program to widen its scope to other material alternatives, Fastmarkets learns.The steel scrap association BDSV criticized the Climate Protection Emergency Program 2022 which heavily focused on hydrogen-based steel production for green steel manufacture, and not steel...Read More

Callinex Mines (TSXV: CNX; US-OTC: CLLXF) is preparing to follow up on two silver discoveries made at its Nash Creek project last year in the Bathurst mining district of New Brunswick.Personnel and a drill rig are being mobilized to commence an up to 4,000-metre drilling campaign to drill test 10 km of the 18 km Black Point Arleau Brook fault, the company announced today.This drill program will...Read More

Demand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows. A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports...Read More

Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP's (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes in the Cerrej??n thermal coal mine in Colombia, defying previous reports that said it was looking to walk away from the asset.The Swiss company expects to pay US$588 million in cash for the combined 66.6% stake owned by Anglo and BHP when...Read More

The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce. Rio Tinto rose US$3.98 to US$85.02 per share. The company has partnered with French electrical equipment group Schneider Electric to utilise each other's materials and services, the companies said on Ju...Read More

The S&P/TSX Venture Composite Index rose 0.18% to finish the trading week at 948.51. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce.New Found Gold rose 63 ? to $12.08 per share. The company released the latest assays from the Lotto zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander. Highlights included drillhole NFGC-21-201, which inters...Read More

The S&P/TSX Composite Index rose 1.15% to 20,230.26 during the June 21-25 trading week. The S&P/TSX Global Mining Index climbed 2.53% to 106.87, and the S&P/TSX Global Base Metals Index soared 6.40% to 168.29. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per oz., and the S&P/TSX Global Gold Index fell 1.44% to 294.17.Equinox Gold fell $1.02 to $8.84 per share. On June 22, the co...Read More

The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More