A summary of Swedish state-owned iron-ore producer LKAB's financial results for the second quarter of 2021, ended June 30.In brief Iron ore output for the second quarter at LKAB was on a par with the previous year. Production was still suffering the effects of a seismic event at the Kiruna mine more than a year ago. At present, production in Kiruna is at around 90% of capacity, and recovery works...Read More

ArcelorMittal is to pilot the use of bio-coal as a partial replacement for fossil coal in the blast furnace at its steelmaking site in Ghent, Belgium, as a step toward cutting its carbon emissions, the company announced on Wednesday August 11.ArcelorMittal Ghent has taken this step on its decarbonization journey, it said, by choosing to use high-quality bio-coal as a raw material for its steel pro...Read More

Seaborne coking coal prices continued to increase in the cfr China market on Thursday August 12 and rose slightly in the fob market due to tight supply and good procurement demand, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $222.37 per tonne, up $0.28 per tonneHard coking coal, fob DBCT: $196.16 per tonne, up $0.25 per tonnePremium hard coking coal, cfr Jingtang: $340.19 p...Read More

Iron ore prices fell on Thursday August 12, on weakening market sentiment prompted by limited demand and thin liquidity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.96 per tonne, down $2.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $163.19 per tonne, down $2.78 per tonne58% Fe fines high-grade premium, cfr Qingdao: $130.72 per tonne, down $3.56 per t...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. U.S. equity index futures were quiet prior to release of the July Producer Price Index at 8:30 AM EDT. Consensus is an increase of 0.6% versus a gain of 1.0% in June. Excluding food and energy, consensus was a gain of 0.5% versus a gain of 1.0% in June. eBay advanced $1.98 to $70.50 after...Read More

Activity in the key Bangladesh and Vietnam deep-sea import scrap markets have increased in recent days, with mills in the countries increasingly interested in bulk shipments, sources told Fastmarkets on Thursday August 12.Deep-sea bulk deal heard in VietnamBangladesh bulk inquiries pick upTaiwan spot prices start to reboundChina scrap import prices remain static amid weak demandVietnamVietnam retu...Read More

China's domestic rebar prices fell on Thursday August 12, with end-user demand falling away due to heavy rainfall across large parts of the country.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, down by 30 yuan per tonneHeavy rain hit a large parts of China in recent days, interrupting construction activity and disrupting the transportation of rebar from warehouses.More h...Read More

The gold market - at least the paper gold market - has seen a lot of volatility recently. Gold lost about $80 between August 5 and August 8 before rebounding. Gold gained over $22 today, by the way, to close at $1,753.Many gold investors are panicked after the recent mini-crash. But today, I want to show you why the case for gold is still intact and why the recent tumble is just a bump in the road...Read More

Hot-rolled coil prices in China's domestic market pulled back on Thursday August 12, with market participants shifting their focus away from expectations of a drop in supplies after weak lending data sparked concerns over liquidity.DomesticEastern China (Shanghai): 5,790-5,810 yuan ($894-897) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange moved...Read More

China's stainless steel prices fell in both the domestic and export markets in the week ended Wednesday August 11 due to weakening demand and declines in nickel futures. The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $18,902 per tonne, down by $983 per tonne (4.9%) from $19,885 per tonne on July 30.China's domestic stainless steel fu...Read More

Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and wa...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...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....Read More

A summary of Swiss long stainless steelmaker Swiss Steel Group's - formerly Schmolz + Bickenbach - financial results for the second quarter (April-June) of 2021.In brief Sales for the second quarter of 2021 rose by 72.1% year on year due to good demand from the automotive industry as well as from the mechanical and plant engineering industry.Higher stainless steel prices - primarily derived f...Read More

New Gold Inc. (TSX: NGD; NYSE American: NGD) shares trading in Toronto fell to a 12-month low on Thursday after the company reported weaker than expected June-quarter financial results and cast doubt on whether it might achieve its full-year production guidance.After markets closed on Wednesday, New Gold said it now expected to achieve the lower end of the 440,000 to 490,000 gold-equivalent ounces...Read More

Australia's largest gold producer, Newcrest Mining (TSX: NCM; ASX: NCM) is investing A$246 million (about $226 million) to expand its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines, for at least two years. The company said it the West Dome Stage 5 cutback would allow further mine life extension opportunities to be assessed within the open...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has put up for sale its final collection of rare pink, red, violet and blue diamonds from its iconic Argyle mine in the remote east Kimberley region of Western Australia. Mining ended at Argyle in early November last year, after 37 years of uninterrupted production during which the mine became the source of about 90% of the world's prized rose-to-mag...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannA century ago, those in control of the global mining industry appeared to place little weight on their social impact. B...Read More

LUXXFOLIO Holdings (CSE:LUXX) has announced a significant expansion of the crypto mining facility managed by LUXX Mining Division subsidiary Westblock.Read full newsRead More

VANCOUVER, British Columbia, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the "NX Gold Stream") with RGLD Gold AG ("RG AG"), a wholly owned subsidiary of Royal Gold, Inc. The Company has received total upfront cash consideration of US$100 milli...Read More