Domestic flat steel suppliers to Russia's Central Federal District around Moscow were increasingly bullish in the week to Monday December 21 amid a rising export market and good buying activity, sources told Fastmarkets.Hot-rolled sheetFastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia was 55,500-58,000 roubles ($755-789) per tonne including 20% value-add...Read More

China is taking a tougher stance on steel capacity swaps in a bid to control pollution emissions from its mammoth steelmaking industry and alleviate oversupply.Its Ministry of Industry & Information Technology (MIIT) released a draft last week to seek feedback from steel industry sources on increasing the steel capacity swap ratio to 1.5:1 from 1.25:1.This means that a steelmaker will need to cut...Read More

Morning Technical Notes for Monday December 21stKinder Morgan (KMI), an S&P 100 stock moved below $14.00 completing a double top pattern.Alphabet (GOOG GOOGL) an S&P 100 stock moved below $1717.30 and $1710.18 respectively completing a double top pattern.Industrial SPDRs (XLI) moved below $87.53 completing a double top pattern.Southern Companies (SO), an S&P 100 stock moved below $59.4...Read More

Turkish deep-sea scrap import prices refreshed their multi-year highs at the beginning of the week with the news of fresh deals for European and US cargoes on Monday December 21.A steel mill in the Marmara region booked a European cargo, comprising HMS 1&2 (80:20) at $455 per tonne, shredded and bonus at $470 per tonne and busheling at $475 per tonne cfr. And another steel producer in the same reg...Read More

Vale has received the required licensing to start construction works of its $495-million Capanema iron ore project in southeast Brazil, aiming to bring online 18 million tonnes per year in capacity, it said.The the Brazilian producer plans to restart activity at Capanema, in the southeastern state of Minas Gerais, and use a new long-distance conveyor belt to transport ore to soon-to-be-adjusted st...Read More

Seaborne premium hard coking coal prices in both the cfr and fob markets increased on Monday December 21, with transactions active in the fob market.Coke producers in China also proposed a 10th round of price increases.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.39 per tonne, up $0.15 per tonnePremium hard coking coal, cfr Jingtang: $190.20 per tonne, up $1.78 per tonneHard coking...Read More

Strong steel demand and supply concerns following a landslide at Vale's C??rrego do Feij??o mine boosted iron ore futures price on Monday December 21, with the bullish sentiment pushing Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao to new record highs. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $176.45 per tonne, up...Read More

Market participants in Asia are bracing for sharp price corrections amid historically high prices for steel, iron ore and ferrous scrap in the region, industry sources told Fastmarkets this week.The price increases since early October have stunned market watchers with their speed and magnitude, leading many market veterans to compare it to a similar price climb in 2008 - and the precipitous drop t...Read More

Prices for seaborne iron ore pellets surged in the week to Friday December 18 along with the rest of the sector for the steelmaking raw material amid supply concerns and strong gains in the futures market, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $168.71 per tonne, up $6.14 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $199.28 per tonne, up $13.57...Read More

China's hot-rolled coil prices reached their highest since August 2008 on Monday December 21 after futures hit the daily upper limit of 5% while buying in the spot market was active.DomesticEastern China (Shanghai): 4,950-4,980 yuan ($757-762) per tonne, up 330-340 yuan per tonneSellers in Shanghai were offering around 4,950 yuan per tonne when futures started at high levels this morning. Spot pri...Read More

China's domestic rebar prices surged further on Monday December 21 to their highest in 25 months on strong gains in the futures and billet markets.DomesticEastern China (Shanghai): 4,580-4,600 yuan ($700-704) per tonne, up by 240-250 yuan per tonneThe price of billet increased by 160 yuan per tonne during the weekend to 3,880 yuan per tonne before gaining another 120 yuan per tonne on Monday to re...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...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.Read More

Consumers of noble alloys and cobalt who usually process scrap are expected to start taking more primary material early next year due to low metal prices and tight scrap availability in the fallout from Covid-19. Scrap availability has tightened because industrial operations were interrupted by shutdowns aimed at curbing the spread of Covid-19 during the first half of 2020, and then, reduced after...Read More

China's electrolytic manganese flake export price has risen for a sixth consecutive week, with a robust domestic market continuing to provide support, but many exporters have stopped offering the material because they are unsure what price would be appropriate to sell at.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $2,000-2,100 per tonne on F...Read More

Key data from Fastmarkets' pricing session in China on Friday December 18.Key drivers China's silicon export price widened downward with the emergence of lower offers in the market; deals were reported at both the low and high ends of the latest assessed range. Market sources said that spot trading was inactive; overseas consumers were bearish...Read More

Bardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineIt's possible that Jakob Stausholm, the successor to the o...Read More

December 21, 2020 – Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed a second tranche of a non-brokered private placement of flow-through common shares of the Company for gross proceeds of C$504,000 (the “Private Placement“). Each flow-through share (a "FT Share") was issued at a price of C$0.36 and is com...Read More

Cote d'Ivoire's Council of Ministers has granted Roxgold (TSX: ROXG; US-OTC: ROGFF)a mining permit that allows the company to develop and operate its Seguela gold project, 240 km northwest of the capital, Yamoussoukro.John Dorward, Roxgold's president and CEO, said the permit is a significant milestone."It has been an exceptional year in progressing Seguela having grown the total mineral resourc...Read More

Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has released assay results for four drillholes completed at zones 2 and 2.5 of the Colomac Main Sill within its Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife.The drilling tested the Main Sill below existing resources and, according to Michael Byron, Nighthawk's president and CEO, continued to demonstrate the "well-minera...Read More