Turkish steel billet prices have increased over the past week due to rising imported scrap costs and despite limited demand, sources said on Thursday January 7.Most of the suppliers in the Commonwealth of Independent States (CIS) were out of the market at the moment for their year-end holidays.There are public holidays in Russia from January 1 to January 11. January 7 is the last official holiday...Read More

Prices for plate and structural-grade scrap (P&S), known as HS in Japan, have shown a slight increase over the past week on strong demand from mills in both Japan and China, sources told Fastmarkets on Thursday January 7.China booked at least four steel scrap cargoes from Japan in the first week of 2021 following an easing in the country's import regulations, with most of these deals done for HS h...Read More

Seaborne coking coal prices increased across the board in the cfr market on Thursday January 7, on higher offer prices, but with storms expected to hit Queensland this weekend, the fob market stayed quiet, with many miners reluctant to sell.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.99 per tonne, up $0.07 per tonnePremium hard coking coal, cfr Jingtang: $208.19 per tonne...Read More

Seaborne iron ore prices maintained their upward trend across the board on Thursday January 7, with lump premiums also continuing to rise because of firm demand, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $171.69 per tonne, up $2.97 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne, up $3.50 per tonne58% Fe fines high-grade premium,...Read More

The Dalian Commodity Exchange (DCE) released a notice on Wednesday January 6 to amend its coke delivery quality standard, which will apply from the J2201 contract month onwards. The amendments to the exchange's coke futures contract bring it in line with the physical market and enhances the futures market's capability to serve the economy, the DCE said in the notice....Read More

China's domestic rebar prices continued to trend downward on Thursday January 7 amid rising stock levels in the spot market. DomesticEastern China (Shanghai): 4,460-4,490 yuan ($690-695) per tonne, down by 30 yuan per tonneWeakening demand has resulted in rebar stock in the spot market rising for a second week, market sources said.An industry analyst quoted a local industry information provider's...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.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 16.30-16.90 on Thursday January 07, 2021....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 assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 16.30-16.90 on Thursday January 07, 2021.Bid a...Read More

Spot cobalt hydroxide payables surged in the first half of this week with Chinese consumers actively seeking units while logistical bottlenecks continued to cap suppliers' ability to deliver January cargoes. Fastmarkets' assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China moved up to 86-88.5% against standard-grade cobalt price (low end) on Wednesday January 6, from 82-83%...Read More

The antimony market had a volatile year in 2020 but was buoyed by ongoing trade flow disruptions and ore tightness in China that should continue to support prices in early 2021."In 2020 there was the perfect storm," a European trader said. "We are facing an extreme supply squeeze."Freight rates for both bulk vessels and containers have soared to record highs in recent months amid higher global shi...Read More

Last year, Ontario-focused miner Harte Gold (TSX: HRT; US-OTC: HRTFF) produced 25,649 gold oz., exceeding its prior guidance of 20,000 to 24,000 ounces. The emerging producer churned out a record 10,835 oz. in the fourth quarter, which is a quarterly record for the Sugar Zone mine in White River since reaching commercial production in January 2019.In 2021, Harte expects to grow its output to 60,00...Read More

Seabridge Gold (TSX: SEA; NYSE: SA) has bought Pretium Resources' (NYSE: PVG) Snowfield property in northwest British Columbia for US$100 million in cash, a 1.5% net smelter return royalty related to all production and a US$20 million future contingent payment.The Toronto-based miner says the acquisition of Snowfield, immediately adjacent to its 100%-owned Kerr-Sulphurets-Mitchell (KSM) gold-c...Read More

A U.S. judge from Michigan has reversed a decision by state regulators allowing Aquila Resources' (TSX: AQA; US-OTC: AQARF) proposed gold, zinc and copper mine to go ahead.The ruling revokes the wetlands permit for the Back Forty project in Lake Township, north of Menominee. It comes after opponents to the project challenged the permit issued in 2018 by the Michigan Department of Environment, Grea...Read More

Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United States a reality.The New York-based CEO is equally determined to establish REE separation and processing capability in the U.S. and build manufacturing facilities for magnets containing the critical elements that are used in e...Read More

Based on drill results to date at its Queensway gold project in Newfoundland, junior New Found Gold (TSXV: NFG) has doubled the size of its drill program to 200,000 metres from 100,000 metres.The expanded program, which will employ eight drill rigs - up from four currently - will also allow New Found to drill new targets defined along 5 km of strike of the Appleton Fault Zone and 3 km of strike of...Read More

Cornish Lithium, a British miner eager to lead the development of an industry for the battery metal in the U.K., has been given the green light to explore for the battery metal in geothermal waters off the coast of Cornwall.The permit comes after a two-year tender process held by the Crown Estate, which manages the seabed surrounding the U.K.Cornish Lithium will begin its desk-based exploration...Read More

Corvus Gold (TSX: KOR; US-OTC: CORVF) has reported drill results from the second hole in the new northern feeder zone target on the Central Intrusive zone (CIZ) at its Mother Lode project in Nevada, 165 km northwest of Las Vegas.Drill hole ML20-165CT intersected 130.5 metres grading 2.33 grams gold per tonne and 3.91 grams silver per tonne starting from 308.46 metres, including 27.7 metres gradi...Read More

The European ferro-vanadium price surged by more than 5% to a 10-month high in the first week of the year on increased end-user appetite amid tightening prompt inventories. Fastmarkets assessed the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe at $25.95-27.45 per kg on Wednesday January 6, up 5.7% from the previous assessment of $25-25.50 per kg on December 23. The...Read More

Montreal-based company produced 10 trucks for digital giant as part of trial runRead full newsRead More

China's government goes to great lengths to censor its citizens' access to information on the Internet. Google pulled its search service out of China in 2010 over censorship concerns.Read full newsRead More