Seaborne iron ore prices were rangebound on Friday February 14, while there were more transaction for low-grade iron ore fines at Chinese ports. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $88.67 per tonne, up $0.11 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $88 per tonne, up $0.11 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.79 per tonne, up $0.05 per tonne. 58% Fe f...Read More

Seaborne coking coal prices moved up on Friday February 14, defying the pessimism in the market resulting from the outbreak of the novel coronavirus (2019-nCoV) in China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.43 per tonne, up $3.14 per tonnePremium hard coking coal, cfr Jingtang: $161.28 per tonne, up $0.55 per tonneHard coking coal, fob DBCT: $127.01 per tonne, unchangedHard...Read More

The three-month zinc price on the London Metal Exchange was lower during morning trading on Friday February 14, with positive price action stymied by a fresh inflow of some 2,475 tonnes, while ongoing drawdowns in aluminium failed to bolster its falling price.Zinc's outright price on the LME was recently seen at $2,150 per tonne, down by just under 1% from Thursday's closing price of $2,175 per to...Read More

China's domestic hot-rolled coil prices continued to fall on Friday February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.DomesticEastern China (Shanghai): 3,460-3,480 yuan ($496-499) per tonne, down 30-40 yuan per tonneNorthern China (Tangshan): 3,230 yuan per tonne, down 40 yuan per to...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of January Retail Sales at 8:30 AM EST. Consensus was an increase of 0.3% versus a gain of 0.3% in December. Actual was a gain of 0.3%. Excluding auto sales, consensus for January Retail Sales was an increase of 0.3% versus a gain o...Read More

Deliverable stocks for all base metals except tin and nickel in Shanghai Futures Exchange-approved warehouses soared in the week to Friday February 14 because downstream operations have not fully resumed after the Lunar New Year holiday due to the outbreak of the novel coronavirus (2019-nCoV) in China.Copper registered the biggest inflow of 56,484 tonnes or 27.4%, taking total SHFE-approved stocks...Read More

The LME Week Asia 2020 seminar has been postponed and the LME Asia Dinner has been canceled, due to the coronavirus outbreak, the London Metal Exchange said on Friday February 14. "Against the backdrop of the novel coronavirus, HKEX Group has made the difficult decision to cancel the LME Asia Dinner and postpone the LME Asia Seminar," the exchange said in a notice to members. "This decision has be...Read More

With no let-up in the number of coronavirus (2019-nCov) infections in China, the market is this morning, Friday February 14, waiting for signs that the virus is being contained. In the meantime, it seems as though equities are riding high on the back of China monetary stimulus measures, while the metals markets are more aware that the disruption to production and demand will have a mixed impact co...Read More

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

An overview of the Chinese minor metals markets and the reasons for the latest price moves.Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 14.Europe The high-carbon ferro-chome market rose for the fourth consecutive week with some producers reporting a steady recovery in the volume of inquiries they received and prices achieved. Some consumers reported that their use of the spot market was limited, however, because weak demand...Read More

The price of stainless steel flat products in the European domestic market decreased this week because of lower nickel costs and poor demand, sources told Fastmarkets on Friday February 14. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,000-2,050 ($2,172-2,226) per tonne on Friday, down by ?,?50 per to...Read More

The price of grade-316 stainless steel scrap in the UK and Europe moved higher this week with support from demand from Indian buyers, sources told Fastmarkets on Friday February 14. Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, increased by ?40-50 per tonne to ?1,200-1,230 ($1,560-1,599) per tonne from ?1,150-1,190 per...Read More

Low prices for Japanese ferrous scrap sparked interest among buyers in Vietnam and Taiwan this week, sources told Fastmarkets on Friday February 14.VietnamFastmarkets' weekly price assessment for deep-sea bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $260-265 per tonne cfr on Friday February 14, down by $4-7 per tonne from $267-269 per tonne cfr a week earlier.Prices decreased over...Read More

Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country's automotive sector to grind to a halt.Many manufacturing plants across China - including those in the automotive segment - have paused operations in the past two weeks to February 12 after the government extended workers' Lunar New Year holiday to...Read More

Egypt has granted Aton Resources (TSXV: AAN) a mining licence for its Hamama development project - the second time in a decade that the government has greenlighted a mine since Centamin's (TSX: CEE; US-OTC: CELTF) Sukari gold mine started commercial production in 2010.The 20-year mining licence can be renewed for an additional ten years.The Hamama project in Egypt's Eastern Desert includes the Ham...Read More

As much of the easily accessible gold has been found, prospectors and mining companies have had to dig deeper and venture farther into more extreme and remote environments to find economically viable deposits.Mineral exploration companies spent more than US$10 billion during 2018 in the search for nonferrous metals, with more than half of global mineral exploration budgets spent on gold, according...Read More

The winners of the Young Mining Professionals (YMP) awards this year are Ashley Kirwan of Orix Geoscience and David Cataford of Champion Iron (TSX: CIA).The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under the age of forty who have demonstrated exceptional leadership skills and innovative thinking and provided value to their companies and share...Read More

The Vale nickel company in New Caledonia says three bids are in to buy the 95 percent stake put up for sale.Read full newsRead More

Feb 12, 2020 (GoldStocks.com via COMTEX) -- The rally in gold has been in progress since the beginning of the year due to the onset of the coronavirus scare...Read full newsRead More