The maiden in-situ reserve estimate is 30.6Mt, using an 8.2% iron cut-off, which is higher than the 5.25% cut-off used previously, as the company has optimised its mine schedule.Read More

Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.Turkey secures further cargoesUS East Coast recyclers reduce buying pricesVietnam demand gets thin on increasingly bearish sentimentTaiwan buyers seek lower pricesIndia's poor demand hits prices.TurkeyTurkish st...Read More

RBPlat put the cost of the facility at ZAR10 million (US$0.6 million).It said it had worked with the North West provincial and Bojanala district health departments to convert its unused South Shaft Change House at the mothballed Maseve mine, to provide initial COVID-19 medical treatment to its employees and communities.The platinum group metals producer said the 2,940sq.m facility had five wards w...Read More

The inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said.The UK market has also been supported by steady purchasing in the European steel scrap export market by traditional destinations such as Tu...Read More

The price of ferrous scrap in containers imported into India edged downward again over the past week, with demand remaining at low levels, sources told Fastmarkets on Friday July 3.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $270.18 per tonne on July 3, down from $274.28 per tonne the Friday before.Market sources reported offers of shredded material...Read More

Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.China's Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times that a wav...Read More

SAULT STE. MARIE - The Ontario government is investing $185,425 to help a natural products manufacturer expand operations, meet growing demand for products that will help in the fight against COVID-19, and create six new jobs as the province gradually restarts the economy.OC Hair Bath & Body Co. will use the funding to purchase new equipment and renovate and expand its facility where it manufactur...Read More

Key data from Fastmarkets' pricing session in London and Shanghai on Friday July 3.Key drivers- Spot payables edged higher, and were now at levels last seen in March. Activity was still reasonably thin but many suppliers were holding...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

On Tuesday June 30, UK Prime Minister Boris Johnson laid out plans for the country to invest as much as ?1 billion ($1.25 billion) in battery manufacturing."We are making additional funding available this year to attract investment in 'gigafactories', which mass-produce batteries and other electric-vehicle components, enabling the UK to lead in the next generation of automotive technologies," Joh...Read More

Gold is set to experience one of the greatest and most powerful bull markets in history.Forget the run-up in gold prices back in 2011. We called that a "bull market" back then. But what's coming will make the 2011 gold rally look minor in comparison.And forget the gold bull market of the 1970s. Although it's often hailed as the greatest bull market for gold ever, the 1970s gold bull market will be...Read More

Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.Production resumes at Hydro's Paragominas mine and Alunorte alumina refinery. The power supply to the Paragominas bauxite mine, in the state of Par?? in northern Brazil, has been restored, producer Hydro said on Friday July 3.The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi...Read More

The majority of import prices for flat-rolled steel in South America were static during the week to Friday July 3 with market participants gauging the interest for September-shipment cargoes in the region, but some prices increased due to higher offers from China."We expect [to see] some requirements and inquiries from Ecuadorian customers [during August shipment negotiations, rather than only fro...Read More

The latest Insights focuses on the junior mining V-shaped recovery. Our broadcast of the week looks at how investors can use insider data to avoid overhyped stocks with poor quality assets. Meanwhile, our insider of the week is from the oil patch and he as been buying the recent pause in Energy sector stocks.Read More

Domestic prices for hot-rolled and cold-rolled coil remained stable in Turkey during the week ended Friday July 3, with demand weak, sources have told Fastmarkets.Flat steel producers in the country were accepting orders for September.The reason for the poor demand was that buyers had already booked enough material for July and August, and wanted to wait and see if end-user consumption would incre...Read More

Domestic prices for steel rebar in Poland widened in the week to Friday July 3, supported by good demand both domestically and abroad, sources told Fastmarkets.Buying in the Polish rebar market was good in June and is supposed to remain strong until the middle of July at least, they added."The vacation season is here, so even though regular activities have been interrupted by [...Read More

China's domestic rebar prices edged up on Friday July 3 on higher trading activity amid a rising futures market, but the near-term outlook remains bearish. DomesticEastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, up by 10 yuan per tonneNorthern China (Beijing) - weekly assessment: 3,630-3,660 yuan per tonne, unchanged from June 29Traders raised rebar prices slightly following futur...Read More

Turkish domestic long steel prices have corrected downward slightly over the past week amid unfavorable fundamentals, Fastmarkets learned on Thursday July 2.Generally, modest demand for finished long steel in the country, together with declining import scrap costs, have had an effect on domestic rebar and wire rod prices, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More

Steel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed.Turkey secures further cargoesUS East Coast recyclers reduce buying pricesVietnam demand gets thin on increasingly bearish sentimentTaiwan buyers seek lower pricesIndia's poor demand hits prices.TurkeyTurkish st...Read More

The pig iron market in the United States was soft and quiet during the week ended Friday July 3 because of the country's Independence Day holiday and expectations of lower scrap prices.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on Friday, down by $5 per tonne from $325-330 per tonne a week before.Sales were heard to the US from the nor...Read More