The United States' aluminium scrap turnings price ticked up slightly this past week due to continued interest from exporters, sources said on Thursday February 13.Fastmarkets' assessment of the turnings clean dry high grade buying price, delivered to Midwest secondary smelters, was at 33-36 cents per lb on Thursday, widening upward by 1 cent from 33-35 cents per lb the previous week and ...Read More

Several Chinese major zinc smelters are running at reduced output to prevent the quick build-up of sulfuric acid because a logistics lockdown caused by the coronavirus outbreak has dampened the sales outlook of the zinc smelting by-product. Yuguang Gold & Lead has suspended operations at a 100,000 tonne-per-year zinc production line this week, a producer source with direct knowledge of the matter...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Copper and nickel prices ended the trading week higher on London Metal Exchange on Friday February 14 than a week ago although aluminium and zinc were depressed.The three-month nickel price reached a high of $13,345 per tonne before settling at $13,015 at the close of trading on Friday. It had closed at $12,770 per tonne on February 7.LME nickel stocks remain high at 212,094 tonnes after 2,10...Read More

Spot treatment and refining charges (TC/RCs) for copper concentrates have shot up to a 10-and-a-half-month high with market sellers scrambling to find smelters willing to take cargoes.The Fastmarkets copper concentrates TC index, cif Asia Pacific, which tracks a market mid-point, rose to $65.80 per tonne / 6.58 cents per lb on Friday February 14, up by $9.40 / 0.94 cents week on week and its highe...Read More

Colin McGibbon has been appointed chief executive officer of Soci?(C)t?(C) le Nickel (SLN), French multi-metal company Eramet's New Caledonia subsidiary, the company said on Friday February 14.He succeeds Bernard Laflamme in the role and will be tasked with overseeing the implementation of SLN's rescue plan, which aims to return Eramet's embattled operations to profitability.Safeguarding measures....Read More

Brazil's slab export prices were stable this past week, with buyers waiting on the sidelines and purchasing only small batches while they wait for a clearer direction on global steel markets.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $460-480 per tonne on Friday February 14, unchanged from the previous week.The value includes the most recent deals,...Read More

Hot-rolled coil prices in the United States have again fallen below $29 per hundredweight ($580 per short ton) due to low reselling prices at service centers pressuring those domestic mills that have some weakness in their order books, according to market participants.Fastmarkets' daily steel hot-rolled coil index, fob mill US, was calculated at $28.75 per cwt ($575 per ton) on Friday Februar...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday February 14 following the rise seen earlier this week, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe was ?,?479.34 ($520) per tonne on February 14, up by ?,?0.03 per tonne from ?,?479.31 per tonne on February 13 and up by ?,?7.67 per tonn...Read More

Polish domestic rebar prices moved down over the past week due expectations of a decrease in the price of scrap, market sources told Fastmarkets on Friday February 14.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, fell to 2,050-2,150 zloty ($524-549) per tonne on February 14, down by 50-100 zloty...Read More

Indian domestic secondary billet prices have fallen by 800 rupees ($11) per tonne week on week on reduced demand from long product makers and oversupply of semi-finished products in the market, sources told Fastmarkets on Friday February 14.Fastmarkets assessed steel billet domestic, ex-works India, at 28,600-28,800 rupees per tonne on Friday, down 800 rupees from 29,400-29,600 rupees per tonne ex...Read More

MAPUTO – Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the current ten-year deal that expires in January.The government wants to see more gems cut and polished within the borders of the world’s second-biggest biggest diamond producer, creating jobs and boosting the state coffers, according to Lefoko Moagi, the minister...Read More

A summary of Brazilian flat steel producer Usiminas' earnings in 2019.In briefAdjusted earnings at Usiminas dropped in 2019 from a year earlier, which reflected a fall in steel sales over last year mainly due to a reduction in steel exports. The company also faced an increase of 9.9% in its average cash cost per tonne in its steel business because of...Read More

Angola will this year initiate a new governance system for the country’s mining industry, the country’s Mineral Resources and Petroleum Minister, Diamantino Azevedo, confirmed at the recent Investing in African Mining Indaba, in Cape Town. The new system will include the new National Agency for Mineral Resources (Agência Nacional de Recursos Minerais – ANRM, in Portuguese)...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe DNR said a January Minnesota Court of Appeals decision could affect future mining proposals, the state's currently operating iron mines, and a wide range of other state permit decisions, calling the ruling, "a significant departure from the DNR's long-standing application of state mining law".Glencore-backed PolyMet filed a sim...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesLlurimagua is a joint venture between Enami (51%) and Chile's state copper company Codelco (49%), however, despite the partners structuring an agreement in late 2019, Enami has yet to legally form the JV company as the Enami board has yet to sign the agreements.Advancement of the project has also been impacted by allegations of var...Read More

The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday February 7, stabilizing after falling more than 11% in the prior week, with higher export prices from Europe this week supporting domestic British prices, sources told Fastmarkets.Fastmarkets' weekly price assessment of steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?70-9...Read More

The price of ferrous scrap imported into India moved up this week, as the bellwether Turkish market staged a recovery, sources told Fastmarkets on Friday February 14.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $286.96 per tonne on Friday, up from $284.44 per tonne one week ago - the first upwards movement for several weeks.There were no deals heard f...Read More

Turkish steel producers have continued their deep-sea scrap purchases for March shipment at slightly higher prices at the end of the week, sources told Fastmarkets on Friday February 14.A steel producer in the Izmir region booked a Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (80:20) at $274 per tonne cfr.A steel mill in the Marmara region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (80:...Read More

UK suppliers of steel scrap to domestic consumers have fallen for the latest monthly settlements for February delivery, paring most of the gains made since November on weaker demand and lower prices for European scrap into Turkey and the Indian subcontinent, sources said on Thursday February 13.February contracts were down by ?25 ($32) per tonne, after climbing ?35 per tonne over the three month...Read More