An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling."Today's news that [China's] National Development & Reform Commission has set the price of thermal and coking coal at levels [that will reduce] key input prices for energy-intensive metals - pertinent to alumi...Read More
Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.Fastmarkets' latest monthly assessment of the aluminium P1020A premium, cif Shanghai, was $130-140 per tonne on Tuesday, down from a six-ye...Read More
Seaborne coking coal prices in both the fob and cfr markets were relatively flat on Wednesday October 27. And China's National Development and Reform Commission (NDRC) intervened in the coal market to curb thermal coal prices, which led to a sharp drop in the coal and coke futures market.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $614.46 per tonne, up by $0.09 per tonneHard coking...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
The feasibility covers the first 20 years of production from a conventional evaporation pond operation and concentrated brine purification and precipitation process to produce lithium carbonate.Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperThe company said continuous gold, silver, copper and molybdenum mineralisation was intersected from surface and over the full core...Read More
The interval consists of massive to semi-massive copper and gold mineralisation at moderate depth in the western half of the deposit, which expands the high-grade portion of the deposit, introducing aRead More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperA joint statement on October 27 said the two JSE-listed companies "are in discussions relating to a non-binding indicative proposal...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperAlready listed in Toronto, Gensource announced on October 25 that it would tap the AIM in London, to proceed with its Tugaske proje...Read More
Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe index closed up 0.18% to 4,574.79.Meanwhile a bearish outlook weighed on base metals on the London Metal Exchange,...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperPrivately-held Kabanga said on Wednesday the SML - the key piece of the permitting jigsaw - had been approved by the Tanzanian gove...Read More
Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More
RAPAPORT... Lucapa Diamond Company's revenue rose in the third quarter amid strong demand and an increase in sales volume.Sales from the miner's Lulo deposit in Angola and Mothae in Lesotho soared 86% to $8.6 million for the three months ending September 30, it said last week. Sales volume jumped 57% to 15,690 carats, outweighing a 14% drop in the average price to $995 per carat. "The market for d...Read More
RAPAPORT... Millennials and Generation Z will lead growth in precious-jewelry sales in the coming year amid rising consumer sentiment and an increasing attachment to emotional gifts, according to Platinum Guild International (PGI)."Younger consumers...will be the driving force in the precious-jewelry market," PGI revealed in survey results last week. "Not only because they are the core consumers f...Read More
RAPAPORT... Jewelers of America (JA) has revealed the nominees for its 20th annual GEM Awards.JA will hand out the awards - which honor individuals and brands whose work raises the visibility and status of fine jewelry and watches - in three categories, it said Tuesday. Winners in Jewelry Design, Media Excellence and Retail Excellence will be announced during a ceremony on January 14 in New York.T...Read More