A summary of China-headquartered Huayou Cobalt's results for the six months ended June 30, 2021, as released by the company on Monday August 16.January-June 2021 results(year-on-year change)Revenue 14.29 billion yuan ($2.21 billion), up by 57.91%Net profit 1.42 billion yuan,...Read More

South Korean lithium-ion battery manufacturer LG Energy Solution (LGES) has entered into an offtake agreement with Australian Mines Ltd for battery-grade nickel and cobalt materials produced by the latter.Under the agreement, the Korean company will have access to 71,000 tonnes of nickel and 7,000 tonnes of cobalt in the form of mixed hydroxide precipitate for six years starting from the end of 20...Read More

Hot-rolled coil prices in the United States again tested the $96-per-hundredweight ($1,920-per-short-ton) level after the latest spot deals indicated that producers still have the upper hand on transaction pricing for September and October shipment. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.87 per cwt ($1,917.40 per ton) on Tuesday August 17, up by 0.84% fro...Read More

New Brazilian service center Centro de Cortes de Pr?(C)-Pintados (CPP), which focuses on pre-painted steel products, started operational activity in the southern state of Santa Catarina on August 11, the company told Fastmarkets on Thursday August 12.The unit is located close to the country's main steel trade hub, S??o Francisco do Sul port, and on inauguration had capacity to process 14,000 tonne...Read More

Russia's Novolipetsk Steel (NLMK) has suspended operations at its No2 basic oxygen furnace (BOF) at Lipetsk, having identified the need for further repairs after ramping up operations following an accident at the site.On Monday August 9, an explosion at the No2 BOF unit caused the roof to ignite. And while no one was injured,...Read More

A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-June 2021.In brief Erdemir Group produced 4.503 million tonnes of crude steel over the half-year, equivalent to 23% of the national total. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 284.99% in January-June 2021, because of strong demand for steel in....Read More

The pair, who have formed a Chilean special purpose vehicle called Minera Tercero, will pay a total of US$68.2 million to unnamed private vendors for the 0.Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDNevada Copper said it now expected to reach steady-state production of 5,000 tonnes per day, originally slated for 2020, in the first half of 2022."The...Read More

Steel scrap prices in Mexico were mostly stable in the steelmaking regions of Bajio and Monterrey in the week ended Friday August 13, with buyers and sellers disputing whether to reduce prices.Price cuts for several grades of scrap were announced in the last two weeks by at least two steel producers, following a similar trend in international prices. Total price reductions could amount to 400-450...Read More

Imports of iron ore into the United States fell 80% month on month in May, when shipments from Brazil slowed to a trickle, according to data from the US Geological Survey (USGS).Iron ore imports totaled 95,000 tonnes in May compared with 482,000 tonnes in April and 345,000 tonnes in March. The total, however, was 21.79% higher than the 78,000 tonnes imported in the same month last year.Deliveries...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 25 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US79.22 cents following release of July Canadian Housing Starts at 8:15 AM EDT. Consensus was a decline to 270,800 from upwardly revised 295,085 in June. Actual was 286,620.Index futures moved lower following release of the July Retail Sales...Read More

Turkish steel producers are continuing with deep-sea scrap purchases for September shipment, but at a slow pace, market participants told Fastmarkets on Tuesday August 17.A steel mill in the Izmir region booked a Venezuelan cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $449 per tonne cfr late on Monday August 16.The cargo was scheduled to be shipped in the second half...Read More

Seaborne iron ore prices fell on Tuesday August 17, with crude steel production cuts in China leading to thin trading and depressing market sentiment.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao:  $160.75 per tonne, down $2.77 per tonne62% Fe low-alumina fines, cfr Qingdao:  $161.65 per tonne, down $2.38 per tonne58% Fe fines high-grade premium, cfr Qingdao:  $129.54 per t...Read More

Seaborne coking coal prices in both the cfr China and fob Australia markets remained largely stable on thin trading on Tuesday August 17, with most buyers cautious about accepting high offers, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $351.82 per tonne, up $1.16 per tonne Hard coking coal, cfr Jingtang: $305.61 per tonne, up $0.60 per tonne Premi...Read More

Robust domestic prices in the Japanese steel scrap market were keeping prices for material from the East Asian country strong despite tepid demand from major importers, sources told Fastmarkets on Tuesday August 17.Japanese local scrap prices remain firmBuying interest for imported HS limited in ChinaTaiwan scrap import prices inch higher amid strong offers.JapanContinued robust demand in Japan's...Read More

The first shipment of iron ore from Strike Resources' Apurimac project in Peru is being loaded at the South American country's Port of Pisco, the miner said on Monday August 16.The loading of some 35,000 tonnes of Apurimac Premium Lump direct-shipping ore (DSO) commenced last weekend, and is expected to be complete by Wednesday August 18, it said. This first shipment will be delivered to China, wi...Read More

I'd like to stop writing about COVID, but I can't because it has such strong economic implications, which can't be separated. And I'm afraid policies will be enacted that will only make things worse.We all know the Delta variant of the COVID virus (SARS-CoV-2) is spreading rapidly in the U.S. and Australia. Major outbreaks have also hit India and Brazil.What has received less attention is the fact...Read More

Coal exports from Australia's Queensland state increased by 8% year on year in July, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp.Queensland, the country's metallurgical coal hub, exported 16.87 million tonnes of coal - including some thermal coal - last month, up by 1.25 million tonnes from the 15.62 million tonnes shipped in July last year, according to th...Read More

-Corporate video and website dedicated to providing the latest information on the Company's advanced stage gold and copper project, located at the historic Copper King Mine in Wyoming's Silver Crown Mining District-Enhances critical component of Company's communication and outreach strategy to its stakeholders and local communityCHEYENNE, Wyo., Aug. 17, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASD...Read More

Domestic hot-rolled coil prices in China narrowed on Tuesday August 17 while the export market remained stagnated on persistent fears over an introduction of export duties for the flat steel product.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($889-895) per tonne, narrowing by 10 yuan per tonne While weak demand put pressure on spot HRC prices, steelmaking costs and output cuts provided sup...Read More