Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More

South Africa's chrome and manganese producers are facing competition with each other to secure trucking capacity amid Covid-19-related logistical disruptions and an impending rail shutdown, sources told Fastmarkets on Thursday January 14.Severe congestion at South Africa's Lebombo land border crossing in the past two weeks has led to delayed deliveries of chrome ore to the port of Maputo in Mozamb...Read More

Ammonium paratungstate (APT) exporters in China are facing rising costs due to higher domestic prices for the material, causing them to raise their offers again this past week even though foreign buyers have shown little interest in purchasing at these already elevated levels.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $236-240 per metric tonne uni...Read More

The company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020, is looking to raise £5 million (US$ 6.Read More

AIM-listed Griffin saw mined ore from its Caijiaying operation reach 291,515 tonnes in Q4, up 17% versus Q3, while production of zinc concentrate rose 45% compared with the third quarter to 11,266t.Read More

Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More

McIllree has moved to executive chairman after five years at the helm with construction poised to begin on the company's flagship Dundas ilmenite project.Read More

Cobalt metal prices have continued to rally so far this week, with the latest round of Chinese buying tightening supply and emboldening sellers to hold out for higher prices. "Metal continues to move upward day by day, and you can't get the same low offers you got the day before," a distributor source told Fastmarkets. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam moved...Read More

Stausholm replaces J-S Jacques, who was forced to resign over the Juukan Gorge blast.Stausholm joined Rio in 2018 as CFO and executive director from Maersk.A University of Copenhagen graduate, Stausholm spent 19 years with Royal Dutch Shell before joining ISS in 2008 and then Maersk in 2012. Rio chairman Simon Thompson said Stausholm had made a significant contribution to the company since jo...Read More

Mills in Bangladesh purchased three bulk cargoes in the last week, with prices easing gently, sources told Fastmarkets on Thursday January 14.Low scrap inventory, together with continuing difficulties in obtaining containers and ballooning shipping rates, led several steelmakers in the South Asian country to inquire for tonnages in bulk.A Bangladeshi mill booked a 38,000-tonne composite cargo at a...Read More

British steel scrap suppliers have achieved hefty price increases for steel scrap grades delivered monthly to domestic consumers for January amid a surge in demand for exports, industry sources told Fastmarkets this week. The UK steel scrap consumer market has extended monthly prices increases for the third month in a row, citing reduced scrap generation for the past several months that is showing...Read More

Turkish steel producers continued to hold back from deep-sea scrap purchases with sentiment turning negative, sources told Fastmarkets on Thursday January 14.Since a number of steel scrap cargoes were booked at the end of last week, mills have been quiet.The number of offers from suppliers in the United States and Russia, however, has increased, according to sources."Suppl...Read More

Russian mining company Nornickel is to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration across the minerals supply chain that uses blockchain to support responsible sourcing and production practises from mine to market.The move will see Nornickel's supply chains - including each stage of the company's vertically-integrated operations, from Russian mines to refiner...Read More

The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc. But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains i...Read More

In an era of historically low interest rates, investors are desperately looking for value. If current activity is anything to go by, they believe it lies in commodities.That is because prices of key commodities are steadily gaining; copper has hit eight-year highs above $8,000 per tonne, nickel is at six-and-half year highs near $18,000 per tonne, and iron ore prices are at levels last seen in 201...Read More

Cobalt metal prices have continued to rally so far this week, with the latest round of Chinese buying tightening supply and emboldening sellers to hold out for higher prices. "Metal continues to move upward day by day, and you can't get the same low offers you got the day before," a distributor source told Fastmarkets. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam moved...Read More

A summary of Australia-based spodumene concentrate miner Galaxy Resources' preliminary results for the fourth quarter of 2020, released on Wednesday January 13.In brief Galaxy produced 33,344 dry metric tonnes (dmt) of spodumene concentrate at a grade of 5.92% Li2O at its Mount Cattlin mine in Western Australia during the...Read More

I know it's been a very tense start to 2021.Between the continued spread of COVID-19 and a nation that seems to get more and more divided by the day, it's hard to stay positive.At times like these, I find that weed, plenty of exercise, and an increased focus on work help keep me from falling into a vortex of anger and depression.The silver lining is that in my line of work, the more I focus on wor...Read More

ANGOLD Resources Ltd. (TSXV:AAU, FRA:13L1) is an exploration and development company that recently commenced trading on the TSX Venture Exchange, following the successful completion of its acquisition of Federal Gold Corp. and concurrent subscription receipt financing of $8,000,000. We learned from Adrian Rothwell, who is President, CEO and Director of ANGOLD, that they see the opportunity to brin...Read More

The cobalt intermediates spot payable has surged to 90% on the high end - a fresh historical high - this week against the backdrop of tight supply and healthy demand. Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 88-90% against the standard-grade cobalt metal price (low end) on Wednesday January 13, up by 2% from 86-88.5% on January 8. The l...Read More