Prices in the stainless steel scrap market in the United States were little-changed this week due to dealers and processors moving cautiously in the market."It seems like both the mills and the processors have decided to drop anchor at these levels for awhile," one dealer said. "I doubt there will be any significant changes as we head toward the end of the year, given the tremendous amount of...Read More

A Turkish steel mill booked a mixed Baltic Sea scrap cargo at higher prices late on Tuesday October 27, confirming this week's upward price trend, sources told Fastmarkets on Wednesday.The Baltic Sea cargo, booked late on Tuesday evening, comprised 9,000 tonnes of HMS 1&2 (80:20) at $292.50 per tonne, 8,000 tonnes of shredded at $297.50 per tonne and 4,000 tonnes of bonus at $302.50 per tonne...Read More

India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28During a Q&A session Narendran was asked to comment on the future of the Indian steel market and production as well as the sustainable growth ra...Read More

Seaborne iron ore prices were up on Wednesday October 28 amid an uptrend in the futures market, which was prompted by low steel reinforcing bar (rebar) inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.87 per tonne, up $1.74 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.10 per tonne, up $1.09 per tonne58% Fe fines high-grade premium, cfr Qing...Read More

- High potential Nevada exploration project on the Carlin Trend- Project has similar geological features as and in close proximity to Newmont's Gold Quarry mineELKO, Nev., Oct. 28, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") a gold exploration and development company, is pleased to announce its potential future Maggie Creek exploration plans for the project on the Carlin...Read More

The seaborne premium hard coking coal price on the fob market remained relatively stable on Wednesday October 28, while steel mills in China turned to countries such as Canada to source premium hard coking coal, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.35 per tonne, down $0.43 per tonne Premium hard coking coal, cfr Jingtang: $119.83 per tonne, unchangedHard coking...Read More

A summary of Swedish state-owned iron-ore producer LKAB's financial results for the third quarter of 2020 ended September 30. In brief  LKAB's iron ore deliveries surge by almost 40% year on year. Despite record quarterly iron ore deliveries, LKAB recorded slightly weaker operating results for the third-quarter period due to lower prices for highly upgraded iron ore products and increase...Read More

Spodumene producer Pilbara Minerals has entered a conditional deal to acquire Altura Mining's lithium project in Western Australia, it said on Wednesday October 28.Pilbara's conditional agreement with Altura's senior secured loan noteholders provides a path for a potential purchase of the project through the acquisition of shares in Altura Lithium Mining Operations Pty Ltd (ALO) for about US$175 m...Read More

The London Metal Exchange three-month nickel price made significant gains in the morning session on Wednesday October 28, rising 2.5% from the previous day's close to hit an intraday high of $16,310 per tonne - a fresh year-to-date high. LME nickel futures bucked the complex's current sideways trading trend, in which most metals continue to wax and wane in line with the US equities markets, on Wed...Read More

Key data from the Wednesday October 28 pricing session in Shanghai. Tight supply of aluminium scrap - the raw material for aluminium alloy ADC12 ingot - did not ease much although China's newly released customs code for imported aluminum scrap does allow more scrap into China after November theoretically. The aluminium scrap price in the domestic market firmly supports the production cost of alumi...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the main part firmer this morning, Wednesday October 28, this despite early weakness in major western equity index futures that were suffering because parts of Europe look set to escalate lockdown measures. France is reportedly contemplating a one-month nationwide lockdownNickel prices surge as a nickel min...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday October 28.Key driversThe ferro-titanium market in Europe climbed further over the week, adding to a steady run of gains since August 19 when the market was assessed at $3.30-3.85 per kg ddp. Steady demand and competition from overseas buyers in India and China have supported the rally in recent weeks, while persistent scrap tightne...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More

South Africa's proposal to impose an export tax on UG2 chrome ore has revived sentiment and halted a slump in prices, while ferro-chrome markets held steady ahead of the release of November tenders, sources said on this week.News of the proposed export tax saw Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, settle at $136 per tonne on Tuesday, up by $1 per t...Read More

Giga Metals (TSXV: GIGA; US-OTC: HNCKF) has tabled an updated preliminary economic assessment (PEA) on its Turnagain nickel-cobalt project in B.C., 65 km east of Dease Lake.The early-stage study suggests a two-stage, 37-year open pit operation, producing a high-grade nickel concentrate sold to smelters. According to the press release, this latest assessment confirms "the ability of Turnagain to pr...Read More

Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors - Queen's Road Capital Investment and the European Bank for Reconstruction and Development - following the recent release of a prefeasibility study on its flagship Vares silver project in Bosnia-Herzogovina.The investment from Queen's Road Capital consists of a US$20 million private placement...Read More

The extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars, and in many cases, billions, to take a project from exploration to production.Using data provided by Miningintelligence, we have ranked the mining companies that have raised the most capital year-to-date.Leading the pack is Australia's Newcrest Mining, raising nearly $...Read More