Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootTaseko produced 29Mlb copper from its flagship 75%-owned Gibraltar mine in British Columbia, 12.4% less year-on-year as av...Read More
Brazilian flat and long steel producer Gerdau is optimistic about the country's steel demand in 2021, chief executive officer Gustavo Werneck said on Wednesday October 28."We are foreseeing a growth of steel demand somewhere between 6-8% [in 2021] compared with 2020," Werneck said. Brazilian apparent steel consumption is expected to fall by 4.7% this year, to 20 million tonnes from 20.98 million t...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Cobriza has capacity to produce 20,000 tonnes per year of copper concentrate, which also contains silver. It suffered a run of serious incidents in 2019 including worker deaths and tailings spills.Read More
The steel industry must innovate further and look to other sectors for solutions, Tata Steel chief executive TV Narendran said during Fastmarkets' Steel Success Strategies 2020 virtual conference on Wednesday October 28.Traditionally, the industry has been more focused on continuous improvement than on innovation, Narendran said, having pushed for efficiency improvements and incremental performanc...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 lockdown* Nickel prices surge as a nickel...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsThe partners are the first to drill-test the deposit and this week said they were "encouraged" by the results, which included intercepts of 65m gradi...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Some 78% of the 7.5 million people who cast their ballot voted for the change, a referendum which was agreed by the Sebastian Pinera government in November last year after mass protests against inequality. This was the highest election participation since the 1989 election which brought an end to military rule....Read More
Domestic prices for heavy steel plate went down in Europe in the week to Wednesday October 28 due to poor demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?450-465 ($532-549) per tonne on October 28, down by ?,?5-10 per tonne from ?,?460-470 per tonne.The assessment reflected offers and achievable prices heard i...Read More
Domestic prices for hot-rolled coil in Northern Europe have increased both day on day and week on week, supported by good order books among the region's steelmakers and a lack of overseas alternatives, market sources told Fastmarkets on Wednesday October 28.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.00 ($596.70) per tonne on Wednesday, up...Read More
The price of mesh-quality steel wire rod has been broadly stable in Southern Europe over the past week, despite reduced buying activity caused by growing uncertainty over further Covid-19 lockdowns in the region. Short supplies and good producer order books were supporting prices, sources told Fastmarkets on Wednesday October 28.Fastmarkets' weekly price assessment for steel wire rod (mesh-qu...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 52 points in pre-opening trade.This morning Bank of Canada is scheduled to release on update on the Canadian economy. No change in its 0.25% lending rate charged to major Canadian banks is anticipated.Microsoft slipped $0.41 to $212.84 despite reporting higher than consensus third quarter sales and earnings.Un...Read More
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