Key data from Fastmarkets' pricing session in Europe on Wednesday October 14. Key drivers The ferro-titanium spot price range narrowed, reflecting producers' attempts to pass on the cost of tightening scrap supplies since the start of September.Most ferro-titanium producers are struggling to source enough scrap to meet their smelting schedules for longer term delivery deals, with little alloy ava...Read More
* Dollar hits near one-week high * Equities hit by halted vaccine trials, stimulus talksimpasse * Interactive graphic tracking global spread of coronavirus: (Updates prices)By Brijesh PatelOct 14 (Reuters) - Gold prices rose on Wednesday after thelast session's sharp drop spurred demand for the safe-havenmetal from investors worried about global economic recovery anduncertainty surrounding next mo...Read More
A summary of Australia-based spodumene concentrate miner Galaxy Resources' preliminary results for the third quarter of 2020, released on Wednesday October 14.In briefGalaxy produced 30,067 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
Seven bloody sisters sat together in a room wondering how things ended up so poorly for them.Times weren't always tough, mind you. In fact, most of their time lately has been spent reminiscing about the good old days.You see, those were the days they ruled the world.I understand any eye rolls that come my way. Most of you probably think I'm being hyperbolic... but I assure you I'm not. You know th...Read More
The implementation of fifth generation (5G) technology will be the primary demand driver for tantalum after the Covid-19 pandemic is resolved, panelists said during a Tantalum-Niobium International Study Centre virtual conference this week. "Tantalum is driven by connectivity and 5G implementation will be the primary demand driver going forward," Travis Ashburn, senior vice president at Kemet Elec...Read More
Hot-rolled coil prices in the United States held mostly steady day on day, with some sources indicating that prices are on an uptrend while others were split on mill availability and lead times.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32.48 per hundredweight ($649.60 per short ton) on Wednesday October 14, nearly flat from $32.50 per cwt on Tuesday October 13...Read More
Domestic prices for hot-dipped galvanized coil (HDG) in Europe increased in the week to Wednesday October 14, supported by reduced availability of the material in the spot market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?590-600 ($694-706) per tonne ex-works on October 14, up by ?,?5-10 per tonne from ?,?580-595 per tonne ex...Read More
European producers were planning to increase their official offer prices for domestic hot-rolled coil despite buyers taking a watchful stance until the price trend became clear, sources told Fastmarkets on Wednesday October 14.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.00 ($582.64) per tonne on Wednesday, up by ?,?1.25 per tonne from ?,?4...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 14 that are worth another look.The European Commission (EC) has initiated an expiry review of anti-dumping duties imposed on wire rod originating from China, it said on October 14.Trafigura's revenue was $171.5-billion in 2019, with group businesses in metals,...Read More
Brazilian imports of flat and long steel dropped in September, with lower import volumes from China partially compensated for by higher volumes from Russia.Imports of flat-steel products fell 9.9% year on year in September, to 79,715 tonnes from 88,498 tonnes the year before, according to figures released last week by the Brazilian economy ministry.Shipments, however, increased 20% from...Read More
Brazilian steel scrap exports soared in September both year on year and compared with the previous month due to an unusually significant volume shipped to China by a shipyard under bankruptcy protection, according to national ferrous scrap association Inesfa.Exports totaled 97,312 tonnes in September, up by 19.7% from 81,295 tonnes in the same month last year and by 75.7% from 55,377 tonnes in Aug...Read More
Turkish steel producers have continued their deep-sea scrap imports at firm prices thanks to improving demand for long steel products in the country's export markets, sources said on Wednesday October 14.A steel mill in the Iskenderun region booked a US cargo, comprising 6,000 tonnes of HMS 1&2 (80:20) at $287 per tonne, 7,000 tonnes of shredded at $292 per tonne and 17,000 tonnes of bonus at $297...Read More
Both the seaborne and futures prices for iron ore fell further on Wednesday October 14, with market sources putting the blame on weak sentiment resulting from high iron ore port inventories and low margins at steel mills in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.52 per tonne, down by $1.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.98 per tonne, down by $1.32 p...Read More
Seaborne hard coking coal and pulverized coal injection (PCI) prices declined on Wednesday October 14, following the recent slump in premium hard coking coal prices after China issued a verbal notice banning coal imports from Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.21 per tonne, down $0.83 per tonne Premium hard coking coal, cfr Jingtang: $134.98 per tonne,...Read More
Iranian export prices for steel billet increased slightly in the week to Wednesday October 14, with traders accepting higher prices in the latest round of bookings.Last week, most Iranian producers finally returned to the market, placing fresh tenders for cargoes to be shipped in October and December. Mills were waiting for China to return from a week-long national holiday to see the market trend....Read More
Newrange Gold reported it drilled 14.85 g/t Au over 9.15 meters including one segment which registered 34.11 g/t Au over 3.05 meters at its Pamlico project in Nevada. In a news release, Vancouver-based Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced drill results from the Merritt Zone at its Pamlico Project located near Hawthorne, Nevada.The firm stated that "hole P20-82 in the Merritt Zone...Read More
With this work, Westhaven Gold aims to better define structural trends at its Prospect Valley project. Westhaven Gold Corp. (WHN:TSX.V) began ground geophysics at its Prospect Valley gold property in British Columbia's Spences Bridge Gold Belt, it announced in a news release. A 244-line kilometer ground magnetic survey will be carried out by Scott Geophysics of Vancouver over the Bonanza target,...Read More
Ely Gold Royalties has agreed to purchase a 0.3% royalty for claims on the Trenton Canyon property in Nevada now being drilled by SSR Mining. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE), in a news release, announced that it has entered into an agreement to purchase a 0.3% net smelter returns (NSR) royalty, the Trenton Canyon Royalty, from a private unnamed individual. The firm advis...Read More
Granite Creek Copper has mobilized to begin the inaugural drill program at its Stu Project in the Yukon. In a news release, Granite Creek Copper Ltd. (GCX:TSX.V) announced updates regarding its current exploration and financing programs. Granite Creek Copper launched a fall drill program at its Stu copper-gold project in the Yukon. Plans call for 1,500 meters of diamond drilling to expand upon pr...Read More
Bob Moriarty of 321gold profiles a junior that is exploring a property it has optioned from Great Bear Resources. For investors in the resource sector this year has to seem similar to one of those sick, good-news, bad-news jokes. As a result of some world-class stupidity from governments around the globe shutting down the world economy in response to what appears to be little more than a bad flu...Read More