Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta expects to produce 725,000-755,000 tonnes of copper in 2020, 180,000-200,000oz of gold and 12,500-14,000t of molybdenum. This compares against 2019 guidance of 750,000-790,000t copper.Read More

Domestic prices for hot-rolled coil increased over the past week in Southern Europe due to a lack of competitive import offers and a slight recovery in demand, sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, ex-works Southern Europe, was ?,?445-460 ($494-510) per tonne on January 22, up by ?,?10 per tonne week on week from...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesRTEC had gained approval from the province's environment ministry to build a 99km winter access trail and install a temporary 65-80 person work camp to support exploration in 2020 and 2021, ForumRead More

Turkish steel producers continued to stay away from the deep-sea scrap market, while simultaneously trying to secure short-sea material for their urgent needs, sources said on Wednesday January 22.Mills have been quiet in the deep-sea markets since the middle of last week when the prices fell sharply.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after a ste...Read More

The seaborne coking coal market moved up marginally, with premium low-vol coking coal fetching prices around $153-154 per tonne fob Australia, sources said on Wednesday January 22.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, up $0.06 per tonnePremium hard coking coal, cfr Jingtang: $162.73 per tonne, up $2.60 per tonneHard coking coal, fob DBCT: $127.01...Read More

Seaborne iron ore prices were rangebound on Wednesday January 22 amid limited overall activity in the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.68 per tonne, down $0.12 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.72 per tonne, down $0.12 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.86 per tonne, up $0.03 per tonne.58% Fe fines high-premium, cfr...Read More

Broader markets rebounded in Asia on Wednesday January 22, after Tuesday’s coronavirus scare, but the metals look fairly limp ahead of the Lunar New Year holiday - especially copper that also saw London Metal Exchange stocks rise by 33% yesterday.Asian equities are firmer led by a 1.2% rise in the Hang Seng. European equities open firmer too - suggesting virus scare may not be a headwind...Read More

Global steel trader Stemcor has been sold to China's Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22."Once the transaction is completed, Stemcor's banking and finance facilities will increase considerably and its business will grow further," the source said.Cedar Holdings is a privately-owned commodities business headquartered in Guan...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.The Canadian Dollar was virtually unchanged at U.S.76.68 cents following release of Canada's December Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus a decline of 0.1% in November. Actual was unchanged.IBM added $6.70 to $145.01 after reporting higher than consensus fo...Read More

Any upward momentum in the London Metal Exchange three-month copper price was capped in the morning session on Wednesday January 22 by a significant 34,250 tonne fresh inflow of the red metal into LME-approved sheds as of 9am on the same day.The three-month copper price was trading around $1,633.50 per tonne this morning, down 0.4% from the previous day's afternoon kerb close, after a second sizea...Read More

Broader markets rebounded in Asia on Wednesday January 22, after Tuesday's coronavirus scare, but the metals look fairly limp ahead of the Lunar New Year holiday - especially copper that also saw London Metal Exchange stocks rise by 33% yesterday.Asian equities are firmer led by a 1.2% rise in the Hang Seng.European equities open firmer too - suggesting virus scare may not be a headwind for now.Ba...Read More

Base metals prices on the Shanghai Futures Exchange were up across the board at the close of morning trading on Wednesday January 22, with the complex clawing back some of the losses registered earlier this week."The ongoing coronavirus in China along with expectations of slower economic growth in the country has stirred up some risk-off sentiment, so the base metals have been on a largely downwar...Read More

An overview of the minor metals markets and their latest price moves.Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday January 22.Key driversPrices in the ferro-titanium and titanium scrap markets were steady in the third week of January, a level the markets have maintained since December 18. The number of deals done over the week were down from the week prior, although suppliers are keen to hold their offer prices against an expected increase in de...Read More

High-carbon ferro-chrome spot import prices in Japan and South Korea largely shrugged off higher offers resulting from fresh strength in the domestic Indian ferro-chrome market. Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan stood at $0.67-0.70 per lb on January 16, unchanged since December 19 when the price fell to a 44-month low. Fastmarket...Read More

Uranium companies have been awaiting a price recovery since the Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016 the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while hoping for a more profitable future. Juniors have developed impressive projects, poised to tak...Read More

Unigold (TSXV: UGD) has released the results of 28 holes testing oxide resource potential at its 226-sq.-km Neita concession in the Dominican Republic. The drilling has confirmed oxide mineralization over a strike length of 800 metres and a width of 150 metres, extending down to depths of 20 to 30 metres. The oxides appear open to the north-east with additional drilling planned.Drill highlights i...Read More

State prosecutors in Brazil have charged Vale's (NYSE: VALE) former CEO, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster a year ago at the company's Feijao iron ore mine in Minas Gerais killed more than 250 people. Schvartsman left his position at the company in March 2019.Homicide charges also have been levelled against 15 other people, according to a charging sheet...Read More

Most recent intercepts from Garibaldi Resources' (TSXV: GGI; OTC: GGIFF) 63-sq.-km Nickel Mountain project in the Eskay camp have extended the mineralized limits, connected these zones and suggest potential for near-surface sulphide mineralization.Drill highlights include 2 metres of 7.1% nickel and 3.9% copper in hole 19-75, within a 90-metre mineralized interval. This intercept expands the footp...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaIn the latest, and (you will be relieved to hear) final instalment, in my acclaimed series, I cast my all-seeing eye forward a bit more to ex...Read More