Pure Gold, Canada's Next Gold Mine, This YearSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe past five years have been the worst for new copper discoveries in 30 years, with just one major deposit found. Less than 1...Read More

Markets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.* US total vehicle sales climbed to an annualized 13.1 million units in June, after 8.7 million units in May; sales were around 17 million in 2019. * Spanish...Read More

Monthly average consumption of steel scrap in Brazil was expected to have fallen by 50% year-on-year during the first half of 2020, amid lower demand from steelmakers due to the Covid-19 pandemic, local scrap association Inesfa said on Thursday July 2.The association estimated that first-half consumption would have totaled 1.95 million tonnes, or 325,000 tonnes per month. Full-year 2019 consumptio...Read More

An accident interrupted operations at one of the coking coal mines operated in Poland by Jastrzebska Sp??lka Weglowa (JSW), the company said on Thursday July 2.A short-lived methane fire at the Budryk long-wall mine on Thursday prompted the stop-work order, JSW said."Mining in the wall has been suspended. The causes of the incident will be...Read More

Iron ore prices maintained their current level on Thursday July 1 amid active trading in the seaborne market and the ports in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $99.47 per tonne, up $0.30 per tonne.62% Fe low-alumina fines, cfr Qingdao: $102.10 per tonne, down $0.40 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $90.97 per tonne, up $0...Read More

The seaborne premium cfr China index jumped on Thursday July 2 following a transaction of premium low-volatility hard coking coal the previous day, although market participants were still unclear about the price trend, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $114.49 per tonne, up $0.92 per tonne Premium hard coking coal, cfr Jingtang: $126.77 per tonne, u...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade.Equity index futures moved higher following economic news released at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was 1,355,000 versus 1,480,000 million last week. Actual was1,427,000 million. Consensus for June Non-farm Payrolls was an increase to 3.000 million from 2.509 mi...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent price fall in the iron ore market signals the start of a downturn, after prices averaged at the highest level in almost a year in June. A combination of both supply-related events in Brazil and demand factors in China have put pressure on prices. Vale has received permit to resume mining operations in Itabira, whi...Read More

Jindal Steel & Power Ltd (JSPL) has accepted a binding bid for its entire stake in Omani steel producer Jindal Shadeed Iron & Steel in an attempt to reduce company debt, the Indian steelmaker has announced.Jindal Shadeed will be sold to Mauritius-based investment company Templar Investments in a deal worth more than $1 billion. Subject to approval from lenders in Oman and shareholders in India, th...Read More

Robust steel production rates in China kept seaborne iron ore prices above $100 per tonne cfr China for the whole of June, but meager profit margins are beginning to keep Chinese mills away from higher grades of the steelmaking raw material. Prices for 62% Fe iron ore averaged $102.49 per tonne cfr last month - a 10% month-on-month increases - while those for 65% Fe products averaged $115.45 per t...Read More

Markets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.US total vehicle sales climbed to an annualized 13.1 million units in June, after 8.7 million units in May; sales were around 17 million in 2019. Spanish une...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets...Read More

The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade, in-whs...Read More

China imported more than double the volume of cobalt metal in May compared with the same period last year due to arbitrage opportunities, according to market sources. China imported 435 tonnes of cobalt metal in May, up 107% year on year from 210 tonnes and 151% higher than April 2020 when imports totaled only at 173 tonnes, according to China Customs data. Several market participants cited the na...Read More

Key data from the Wednesday July 1 pricing session in Shanghai.Key drivers The cobalt metal price in China was marginally lower in the first half of this week after a persistent downturn in local futures prices was capped on Wednesday, while spot demand improved...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt...Read More

With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world for June 2020.The case list below includes only updates. For other continuing cases this year, see the updates for May, April, March, February...Read More

China's domestic stainless steel prices edged up over the past week due to stock replenishing activity, with export prices following the upward move.Steady nickel prices lent further support to stainless steel prices, market sources said on Wednesday July 1. The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $12,620 per tonne, up by...Read More

Eastmain Resources (TSX: ER; US-OTC: EANRF) has resumed exploration across its three properties in Quebec's James Bay region. The company will focus on expanding the existing Eau Claire deposit at its flagship 20,068-sq.-km Clearwater property with 4,000 metres of drilling, with additional field-based work planned for the Radisson and Reservoir projects."Eastmain has one of the premier land positi...Read More

Colombia-focused Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has invested $14 million in a private placement in its recent spinoff, Caldas Gold (TSXV: CGC), to fund the acquisition of a project in Ontario's Abitibi greenstone belt.In a deal announced in May, Caldas Gold is acquiring the Juby project, 100 km southeast of Timmins, from South American Resources (SARC). The private company has an agr...Read More