Steel rebar prices remained stable in Egypt over the week to Thursday November 12 amid very weak demand, sources told Fastmarkets.Demand for rebar and billet has been slow in the country since the imposition of a construction ban on May 25, however, the rules of the ban were eased on September 29.Still, buying was weak...Read More

Turkish domestic long steel prices have gone down over the past week in line with the strengthening of the country's lira, sources said on Thursday November 12.The value of the Turkish currency rebounded sharply at the beginning of the week on news of the resignation of Turkey's economy minister and the replacement of the central bank's governor.Berat Albayrak, who is a son-in-low of national pres...Read More

Export prices for Turkish rebar and wire rod have continued to improve over the past week thanks to firm demand and increasing scrap costs, sources said on Thursday November 12.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $470-475 per tonne on Thursday, up from last week's $450-455 per tonne fob on an actual weight basis.The mills starte...Read More

Seaborne iron ore prices were down slightly on Thursday November 12 amid diminishing demand for steel reinforcing bar (rebar), sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.74 per tonne, down $0.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $123.74 per tonne, down $1.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $114.41 per tonne, down $1 pe...Read More

Seabridge Gold reported that its 2020 drill program identified a potentially large gold-copper porphyry system at its Iskut project located near Stewart, British Columbia. Seabridge IskutIn a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that "this year's core drilling at its 100% owned Iskut project in Northwestern British Columbia found indications of higher grade copper mi...Read More

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, look at the macroeconomic factors they believe will move gold higher. The gold market entered a period of increased volatility during the third quarter, usually a positive indicator for the metal. A growing number of investors and analysts recommended the accumulation of gold as it began to move out of the shadows and into the spotlight. G...Read More

Shares of SSR Mining traded 10% higher after the company reported Q3/20 earnings and stated that it was on track with its full-year guidance to produce 680-760 Koz gold equivalent in FY/20. SSR Mining Inc. (SSRM:NASDAQ) today announced third quarter operating and consolidated financial results for the period ended September 30, 2020.The company's President and CEO Rod Antal commented, "With the t...Read More

With four gold projects in Nevada, Fremont Gold looks to make a new gold discovery in the state. Nevada's Carlin Trend is a behemoth, having produced more than 84 million ounces of gold since the 1960s. To get an idea of what is still in the ground, the Carlin Complex, operated by Nevada Gold Mines, the Barrick Gold and Newmont joint venture, sports a resource of 30 million ounces gold in the Mea...Read More

Cyon Exploration's project, in "Elephant Country," near the huge Cortez mining complex, offers the potential of both placer and hard-rock mining. Nevada's Cortez Trend is home to mega deposits, such as the Barrick Gold-Newmont JV Pipeline-Cortez complex that is estimated to have 45 million ounces of gold. Newly renamed Cyon Exploration Ltd. (CYON:TSX.V) formerly True Grit Resources recently acqui...Read More

Magna Gold acquires the Margarita asset in the prolific Sierra Madre Gold Belt. In a news release, Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) announced that it and its subsidiary Molimentales del Noroeste agreed to acquire the Margarita silver project in Chihuahua, Mexico, from Sable Resources. The two-part transaction is due to close on or around Nov. 16, 2020."Acquiring the property gives the co...Read More

Liberty Gold has defined the D-3 Zone at Black Pine as a high-grade oxide gold zone. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) extended the D-3 zone to the southeast through drilling at its Black Pine oxide-gold project in Idaho, it announced in a news release. "The D-3 zone has grown from a single discovery hole to a well-established oxide gold zone in under six months," President and CEO Cal Ev...Read More

Nomad Royalty Company reported Q3/20 financial results that included a 26.5% increase in the number of gold ounces earned along with a 47.9% increase in silver ounces. In a news release, Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) announced operating and financial results for the third quarter of 2020 ended September 30, 2020.Nomad Royalty's CEO and Chair of the Board of Directors Vincent M...Read More

Turkish domestic and import prices for steel billet have gone up over the past week on increasing scrap costs, sources said on Thursday November 12.The suppliers in the Commonwealth of Independent States (CIS) raised their billet offers to Turkish customers by around $5 per tonne to $435-440 per tonne cfr, while bids from...Read More

Emerita Resources provided details of the planned drill program for its West Iberian Belt Cu-Pb-Zn-Ag Property in Spain. In a news release, Canadian natural resource company Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTC;LLJA:F) announced that it submitted the initial drill program for its West Iberian Belt Project to the mining authorities in Andalusia, Spain, and the program has been accepted. T...Read More

Grande Portage Resources reported it has completed its 2020 drill program at the Herbert Gold Project located 25 km north of Juneau, Alaska. In a news release, Vancouver-based mineral exploration company Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) announced that "it has completed its previously announced two rig drill program at the Herbert Gold project in S.E. Alaska." The fi...Read More

This set takes the number of assets Vox Royalty purchased since January 2019 to 40. Vox Royalty Corp. (VOX:TSX.V) announced in a news release it entered an agreement to acquire the rights of up to eight royalties from Breakwater Resources and some of its affiliates for up to CA$980,000, comprised of up to CA$455,000 in cash and CA$525,000 worth of Vox shares. The deal is expected to close 70 days...Read More

Fastmarkets reporters present the key themes and discussion points from the International Ferro-alloys Virtual Conference held on November 9-10.Strong recovery expected in 2021, but steel, ferro-alloys market unlikely return to pre-Covid levels Despite a quicker-than-expected recovery across certain regions following the economic fallout of the Covid-19 pandemic and expectations of a stronger reco...Read More

Peter Krauth looks into what Pfizer and BioNTech's COVID-19 vaccine efficacy announcement could mean for gold and silver. Believe it or not, the big deal for precious metals this week was not the U.S. election.It was news that Pfizer and BioNTech's COVID-19 vaccine was over 90% effective in preventing the virus, and would likely be among the first to receive FDA authorization.Monday was massively...Read More

German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on Thursday November 12.Two subsidiaries of Salzgitter - Ilsenburger Grobblech and Salzgitter Mannesmann Grobblech - will deliver 50,000 tonnes of thermomechanically rolled plates for the offshore wind farm being built by Spanish group Navantia.The plate will b...Read More

A radical shake-up of the European Union's waste shipment regulations could lead to a total ban or the implementation of controls on scrap metal exports from the territory, Fastmarkets understands.The European Commission is reviewing EU rules on waste shipments to encourage more recycling within the EU and is exploring ways to reduce the exports of such materials.EU lawmakers have been m...Read More