The price of steel H-beams across Europe remained unchanged on Wednesday January 8 with a public holiday at the start of the week keeping trading activity low, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($614-637) per tonne on January 8, unchanged week on week.Trading remained subdued this week, with January 6...Read More
(IDEX Online) - Dominion Diamond Mines and De Beers are both looking to expand their current projects in Canada. The two companies have submitted applications to the Mackenzie Valley Land and Water Board requesting permission to ramp up their exploration activities, according to nnsl.com. Dominion has requested a five-year license to explore the area around Glowworm Lake, which lies to the ea...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Phoenix, Arizona-based company said the pregnant leach solution (PLS) grade was currently measuring 0.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMining investment is forecast to continue rising to US$6.5 billion compared with $6 billion in 2019, which was mainly on copper development projects, principally the $5.3B Quellaveco, $1.3B Toromocho expansion and the $1.6B Mina Justa. Investment will start to tail off in 2021 as Quellaveco's construction nears its end following wh...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEnami, Ecuador's state mineral company, and Codelco, Chile's state copper company, joint venture partners in the project, expect to formalise creation of a company to continue work on the project in the coming weeks, according to Ecuador's deputy mining minister Fernando Benalcázar. Enami will own 51% and Codelco 49% of the...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco said it sought to take advantage of historically low interest rates to raise $1 billion via a 10-year note at 3.175% as well another $1 billion via a 30-year note at 3.958%. The issues were 2.8-times oversubscribed."A favorable debt market, with base rates at historically low levels, makes it attractive to pre-finance the c...Read More
Revival takes staged approach to Beartrack-ArnettSPONSOREDSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesEven at my advanced years and having stomped around more remote parts of the world than most, I am still amazed by the stoicism...Read More
Turkish deep-sea scrap import markets remained silent on Wednesday January 8, with mills still in negotiations for cargoes to be shipped in February, sources told Fastmarkets.Mills in Turkey have been mostly quiet in the deep-sea scrap import markets since the middle of December due to year-end holidays, but resumed their purchases at the end of the last week.They booked four deep-sea cargoes on J...Read More
Seaborne iron ore index increased on Wednesday January 8, after steelmakers in China started restocking activities.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.22 per tonne, up $1.11 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $95.31 per tonne, up $1.11 per tonne62% Fe low-alumina fines, cfr Qingdao: $96.87 per tonne, up $1.15 per tonne58% Fe fines high-premium, cfr Qingda...Read More
Seaborne coking coal prices were driven upward by Chinese buying activity on Wednesday January 8.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.26 per tonne, up $1.28 per tonnePremium hard coking coal, cfr Jingtang: $157.35 per tonne, up $4.82 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $134.02 per tonne, unchangedLow-vol PCI, fob D...Read More
The Singapore Exchange's (SGX's) 65% Fe iron ore futures experiencing a surge in interest, with 10,430 lots - or 1.043 million tonnes - of the contract being cleared by Tuesday January 7.This is already around 12.2% higher than the total volume cleared in January last year. A total of 1.99 million tonnes of the contract were traded last month, up 4.6% from December 2018 when it was launched.In the...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 7 that are worth another look.Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider.Brazilian vehicle output shrank by 3.9% year on year during December 2019, because higher domestic...Read More
Forecasts...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published....Read More
The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More
...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Aluminium Having found technical support from the 200...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download...Read More
The high-grade seaborne iron ore index rose to $107.30 per tonne cfr on Tuesday January 7, with market participants attributing the increase to healthy demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.11 per tonne, down $0.50 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $94.20 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
Copper spooked by geopolitical tensions A...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
US-China trade deal should herald...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Short-term price direction uncertain... While we remain positive...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More