Brazil's domestic rebar price fell slightly in the first week of May, with selective discounts applied to encourage trade, while individual states impose their own lockdown measures to combat the Covid-19 virus, sources told Fastmarkets.Despite this, market participants said they expected prices to stabilize in the coming months.Fastmarkets most recently assessed the price for steel reinforci...Read More

China's domestic rebar prices weakened on Monday May 11, with downstream buyers taking a wait-and-see approach following futures losses in the afternoon.DomesticEastern China (Shanghai): 3,480-3,510 yuan ($492-496) per tonne, down by 20-30 yuan per tonneA Shanghai-based trader said trading activity in the spot market thinned during the day in comparison with last week, with sentiment dampened by t...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-opening trade.FedEx slipped $1.19 to $119.25 after Deutsche Bank lowered its target price from $142 to $128Marriott dropped $1.93 to $85.24 after reporting less than consensus first quarter earnings.Under Armour fell $0.33 to $9.65 after reporting a higher than expected adjusted first quarter loss.AMC...Read More

Turkish steel mills returned to the deep-sea scrap markets amid better domestic steel demand, causing prices to rise, while other major markets except Vietnam were largely stable during the working week ended Friday May 8.Turkish steel producers resume deep-sea bookings, prices upUS scrap export market silent; dock buying prices flatSentiment in the Vietnamese scrap import market positive due to i...Read More

Turkish steel producers have resumed their deep-sea scrap purchases at higher prices amid recovering demand in the country's local long steel markets, with further sales to Europe anticipated when the safeguarding quota period ends at the end of the June.A steel mill in the Izmir region booked a Baltic Sea cargo comprising 24,000 tonnes of HMS 1&2 (80:20) at $251.75 per tonne and 6,000 tonnes of b...Read More

Domestic scrap prices in the Turkish markets have increased over the past week amid a strengthening of demand, sources said on Monday May 11.The steel mills in the Izmir region have increased their buy prices for auto bundle scrap by 50-75 Turkish lira ($7-11) per tonne over the past week.Long steel mills ID?? and Habas raised their buy prices for auto bundle scrap to 1,590 lira ($224) per tonne,...Read More

Seaborne premium hard coking coal prices rebounded on Monday May 11, with Chinese buyers driving trading activity at the end of last week, resulting in market participants' estimates of workable prices also moving upward.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.97 per tonne, up by $3.54 per tonne.Premium hard coking coal, cfr Jingtang: $120.87 per tonne, up by $4.60 per tonne.Ha...Read More

Seaborne iron ore prices were largely stable on Monday May 11 amid slower port trading activity, while the market saw a solid premium for June delivery cargoes and good demand from Chinese mills. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.61 per tonne, up $0.01 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $91.18 per tonne, up $0.26 per tonne. 58% Fe fines high-grade premium, c...Read More

Seaborne iron ore concentrate prices continued to fall in the week to Friday May 8, under the pressure from lower pellet prices and China's domestic concentrates market.Some sources noticed fewer offers from Indian miners for June delivery cargoes despite the slight drop in prices.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $93.35 per tonne on May 8, down 1.77% or $1....Read More

Fastmarkets will host a steel webinar with the Singapore Exchange (SGX) on Tuesday May 19 that covers the latest developments and outlook for the industry.The two-hour webinar from 3-5pm Singapore time will delve into price analyses and market outlook by Fastmarkets' editorial and research teams. These will include the impact of Covid-19 on steel supply chains, developments and the outlook for Chi...Read More

China's domestic hot-rolled coil prices edged up on Monday May 11, but market participants are bracing themselves for a retreat as a result of thin trading.DomesticEastern China (Shanghai): 3,390-3,400 yuan ($479-481) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,350 yuan per tonne, up 10 yuan per tonneSellers kept their offers high amid the relative strength of the futures market, b...Read More

Key data from the Friday May 8 pricing session in Shanghai.Key drivers Activity in the export market was sluggish with no deals concluded in the week ended May 8. Several inquiries received from buyers in East Asia and Southeast...Read More

Market participants in the United States who normally buy silicon have given up trying to sell their surplus metal and the price has settled into an academic range in a near total absence of spot trade while most automakers remain closed during the Covid-19 pandemic, sources told Fastmarkets.Some say producers are not lowering their offers because they do not believe that business will materialize...Read More

Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Friday May 8 was 43,000 yuan to $6,063.Read More

Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed all of the site visits required and much of the due diligence to make a decision on a transaction before COVID-19-related travel restrictions put an end to international travel.The business combination the two companies...Read More

Is the Hardrock gold project, 275 km northeast of Thunder Bay in northern Ontario, a shovel-ready gem or a promising project in need of further technical work?Joint-venture partners Premier Gold Mines (TSX: PG; US-OTC: PIRGF) and Centerra Gold (TSX: CG) have painted two very different pictures of the development-stage project in a legal dispute that began late last year.In a statement of claim fil...Read More

Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) has secured up to US$150 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to develop its Alpala copper-gold project.The Australian exploration company said the net smelter returns (NSR) agreement is for an initial US$100 million. Franco-Nevada, which provides companies with upfront cash in exchange for future produ...Read More

Production of so-called battery metals, such as graphite, lithium and cobalt, will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank said on Monday.According to the global lender, over 3 billion tonnes of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage required for transitioning...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 resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootEarlier this month, as Mining Journal reported on May 1, it was prices up (she loves me), according to t...Read More

Canada's oil patch has endured five years of existential threats that have pruned weaker companies, but now its strongest firms are trying to navigate the coronavirus pandemic, which has set off the worst crisis in the oil industry in 40 years.Read full newsRead More