Turkish steel billet prices have advanced over the past week due to rising imported scrap costs, market participants told Fastmarkets on Thursday March 4.The latest deep-sea scrap transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20). This raised the daily scrap index for US-origin material - which tends...Read More

Fastenal ((FAST), a NASDAQ 100 stock moved below $45.26 completing a double top pattern.Medical Devices iShares (IHI) moved below intermediate support at $325.11 Technical Notes for Wednesday March 3rdSalesforce.com (CRM), a Dow Jones Industrial Average stock moved below $212.99 extending an intermediate downtrend. AutoDesk (ADSK), a NASDAQ 100 stock moved below $272.70 completing a double to...Read More

Turkish domestic long steel prices increased over the past week because of rising imported scrap costs, but demand has not supported the rises, market participants told to Fastmarkets on Thursday March 4.Late on February 26, a steel mill in the Marmara region booked Baltic Sea-origin shipment of HMS 1&2 (80:20) scrap at $456 per tonne cfr, which pushed up the daily scrap on March 1, with Fastmarke...Read More

Turkish rebar and wire rod export prices have gone up further this week on increasing scrap costs, market sources said on Thursday March 4.The latest deep-sea scrap transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20). This raised the daily scrap index for US-origin material - which tends to reflect Balt...Read More

The Turkish steel producers have resumed their deep-sea scrap purchases after a short break and have booked two cargoes at slightly higher prices, market sources said on Thursday March 4.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (95:5), 18,000 tonnes of shredded and 7,000-8,000 tonnes of plate and structural (P&S), at an average price of $471 p...Read More

Join Fastmarkets and steel industry experts on Wednesday March 10 for a special webinar on the revival of the Chinese steel scrap import market - 'Understanding China's Steel Scrap Market Dynamics.'Fastmarkets has been at the forefront of reporting deals, obstacles and key regulatory changes in the Chinese steel scrap import market over the past year and on February 8 2020, started a daily pr...Read More

Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao recorded a fresh high at $202.90 per tonne on Thursday March 4 after a trade on the Globalore trading platform.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $177.98 per tonne, up $1.58 per tonne62% Fe low-alumina fines, cfr Qingdao: $178.07 per tonne, up $1.66 per tonne58% Fe fines high-grade premium, cfr Qingdao: $1...Read More

Seaborne premium hard coking coal prices in the cfr market fell on Thursday March 4, with end users in China not interested in seaborne cargoes due to sufficient domestic supplies.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.45 per tonne, down $0.23 per tonnePremium hard coking coal, cfr Jingtang: $214.51 per tonne, down $3.30 per tonneHard coking coal, fob DBCT: $116.16 per tonne,...Read More

Mining activities at Minas Gerais are unlikely to be affected despite a newly-imposed Covid-19 lockdown on Thursday March 4, market sources said.The local authorities in Minas Gerais have issued an initial 15-day lockdown to tackle the spread of the Covid-19 virus, with further evaluation needed to determine whether an extension is needed, local news outlets saidMining activities will still c...Read More

Chinese traders are betting big on steel scrap imports into China on the pervasive bullish sentiment fueled by positive downstream signals, sources said.These traders are taking...Read More

The different strategies of hot-rolled coil exporters in China emerged on Thursday March 4 amid retreating prices in the country's domestic market, sources told Fastmarkets.DomesticEastern China (Shanghai): 4,950-4,980 yuan ($765-770) per tonne, down 30-50 yuan per tonneA Shanghai-based trader said trading activity on Thursday weakened after the futures market retreated during the morning session....Read More

China's domestic rebar prices dropped slightly on Thursday March 4 amid buyer resistance toward sharp gains in the market a day earlier.DomesticEastern China (Shanghai): 4,720-4,760 yuan ($730-736) per tonne, down by 20 yuan per tonne Sellers lowered prices in an attempt to stimulate sales, though the move appeared to have had limited success. Buyers are still waiting for prices to fall further am...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 24.75-25.65 on Thursday March 04, 2021....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 assessed Cobalt...Read More

Key data from Fastmarkets' pricing session in London on Wednesday March 3.Key drivers: A persistent shortage of antimony ore in China and minimal stock levels in Rotterdam continue to push up the metal's price, tightening nearby availability. Buyers in need of material for prompt release continue to find only very limited units, giving them no alternative but to accept prices that have gone up by...Read More

While Colombia, Ecuador and some parts of Peru are less explored than some more established mining jurisdictions, the three countries feature a rich mining history and prospective geology. Below, we showcase eight companies active in South America.Aris GoldAn employee at Aris Gold's Marmato project in Colombia. Credit: Aris Gold.Aris Gold (TSX: ARIS; US-OTC: ALLXF) was formed this year from predec...Read More

Unigold (TSXV: UGD; US-OTC: UGDIF) has released the latest drill results from its exploration program at the Candelones Extension deposit, part of the company's wholly-owned Neita concession in the Dominican Republic, 220 km northwest of the capital Santo Domingo.Highlights included drillhole LP20-165, which returned 7 metres grading 21.89 grams gold per tonne, 17.46 grams silver per tonne, 2.68%...Read More

A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 tonne per day open pit operation producing a copper-PGM (platinum group metal) concentrate for sale to an off-site smelter.In its first three years of operation, the 13-year surface mine would generate a total of 588,000 palladium oz. and 122 million lb...Read More

Pure Gold Mining (TSXV: PGM; LSE: PUR) has released the results of surface exploration drilling completed at the Wedge, Treasure Box and No. 1 Vein targets within its 47-sq.-km PureGold property in Red Lake, Ontario. The drillholes hit intervals of high-grade gold outside of the existing resources - a resource update is underway with results expected in the second quarter.Drill highlights from the...Read More

Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced on March 4 that its CEO Ulf Quellmann is leaving the company after majority-owner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) told the Canadian miner that it planned to vote against his re-election at the annual shareholders' meeting in May.The board has appointed Steeve Thibeault as interim CEO. Thibeault previously served as the company's c...Read More