The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon. It also indicated that the Section 34 Ministerial determinations needed to facilitate the procur...Read More

Turkish steel producers have gone the day without any deep-sea scrap purchases, but more cargoes from last week for January shipments were heard on Wednesday December 11.A steel mill in northern Turkey was heard booking a Baltic Sea cargo on Friday December 4, comprising 9,000 tonnes of HMS 1&2 (80:20), 14,000 tonnes of shredded and 5,000 tonnes of a mixture of bonus and busheling at an average pr...Read More

Iron ore seaborne prices were up on Wednesday December 11 as steel mills were heard to have kept production levels steady, prompting appetite for the raw material.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.67 per tonne, up $1.10 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.76 per tonne, up $1.10 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.19 per to...Read More

Seaborne coking coal continued to trade in a narrow range on Wednesday December 11, with Chinese buying activity driving the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $135.99 per tonne, down $0.26 per tonnePremium hard coking coal, cfr Jingtang: $148.56 per tonne, down $1.78 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking...Read More

Anglo American has cut its annual iron ore production targets at the Kumba operations in South Africa over the 2020-2022 period, but left those for its Minas Rio operations in Brazil unchanged.The miner said it now expects annual iron ore output of 42-43 million tonnes for the coming three years at its Kumba iron...Read More

Japan's Kanto Tetsugen has secured a higher price at its ferrous scrap auction for December, which is likely to boost sentiment in the Asian market for the steelmaking raw material.A total of 23,000 tonnes of H2 scrap were sold to two trading companies on Wednesday December 11 at the auction held by the cooperative of scrap dealers in Japan's most-industrialized region - 3,000 tonnes priced at ?2...Read More

Galena provides a leading lightSPONSOREDgalena miningSpeaking at the New World Metals Conference in Perth, Argonaut's Matthew Keane said he also saw an improved year ahead for cobalt and, further into the decade, nickel.Read More

Chinese hot-rolled coil prices were mixed on Wednesday December 11, with those in the east of the country rising due to tight supply and those in the north flat amid sluggish demand.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($551-553) per tonne, up 60 yuan per tonneNorthern China (Tangshan): 3,660 yuan per tonne, unchangedSpot prices in eastern China surged amid active trading, with...Read More

The three-month nickel price on the London Metal Exchange was little changed during morning trading on Wednesday December 11 despite another sizeable inflow of material into LME-registered warehouses, keeping forward spreads wide. The LME nickel price was recently at $13,440 per tonne, $35 per tonne higher than Tuesday's closing price. Turnover was high at more than 2,600 lots exchanged over the m...Read More

China's domestic rebar prices were mixed amid weaker demand on Wednesday December 11, with eastern prices up but those in the north of the country down.Eastern China (Shanghai): 3,930-3,960 yuan ($558-563) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,640-3,670 yuan per tonne, down 10-20 yuan per tonneEnd users kept procurement rates limited and stockists were not looking to repl...Read More

When Gay Huey Evans attended her first London Metal Exchange dinner in 1999, she was head of markets at former UK regulator the Financial Services Authority (FSA) - some 20 years later she was there as LME chair elect, the first woman appointed to the role. "As a regulator I would send my markets people and occasionally come to learn a little bit more about commodities. I remember sitting in the b...Read More

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

Key data from Fastmarkets' pricing session in Europe on Wednesday December 11.Key drivers  Price ranges in the alloy and scrap markets have widened over the past week, with sales reported for ferro-silicon at either end of its new price assessment.Low-tin titanium scrap was also trading at slightly higher price levels, although some sources said the market is fairly stable, with a b...Read More

U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Investors are waiting for news on interest rates by the Federal Reserve Open Market Committee to be released at 2:00 PM EST. Consensus is that the Fed Fund Rate will remain unchanged. Index futures were virtually unchanged following release of the November U.S. Consumer Price Ind...Read More

Dear Rich Lifer,Spend less than you earn. Never take a loan to invest. Don't borrow more than you can repay.If you stick to these simple money rules, you won't ever be a slave to debt.In retirement planning, there are rules of thumb that can help guide you away from financial ruin as well.For instance, the 4% rule is great to avoid running out of money. But, a lot of basic retirement rules like th...Read More

Dear Rich Lifer,We're entering the busiest time of the holiday season, and I'm sure you have a lot going on.But the reality is that, with the end of the year rapidly approaching, now is also the time to consider some last-minute moves that can substantially change your finances as well.So before time runs out, I want to give you three of the best ones ...Tax Loss HarvestingAlthough plenty of stock...Read More

Kirkland Lake Gold (TSX: KL; NYSE: KL) has released infill and step out results from the Robbin's Hill area, north of its high-grade Fosterville mine in Australia, where expansion drilling confirmed mineralization down plunge and infill work returned high-grade intercepts.Step out highlights include 6 metres of 10.4 grams gold per tonne and 5 metres of 9.5 grams gold per tonne. The holes were comp...Read More

Royalty and streaming company Triple Flag Precious Metals has cancelled a planned initial public offering (IPO) due to poor market conditions."While the company has been encouraged by investor interest in its proposed initial public offering," Triple Flag stated, "the market environment for share offerings, particularly near year-end, continues to be challenging."The company had planned to issue 2...Read More

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareSadly, while my dear little ones are still dear, they are no longer little.Read More

If you love to show pride in where you are from, wearing Peace Collective is a sure way to wear your heart on your sleeve -- and give back while you do it.Read full newsRead More