Seaborne coking coal prices have fallen to a three-year low while the segment for premium products appear to be diverging into two distinct tiers due to sustained Chinese demand for low-vol materials and fewer takers for mid-vol cargoes.Premium hard coking coal, fob DBCT: $128.19 per tonne, down $12.47 per tonnePremium hard coking coal, cfr Jingtang: $154.98 per tonne, down $6.45 per tonneHard cok...Read More
China's hot-rolled coil prices fell again on Friday September 20, with mills rushing to sell amid rising inventory levels ahead of an approaching week-long holiday.DomesticEastern China (Shanghai): 3,600-3,610 yuan ($507-509) per tonne, down 40 yuan per tonneNorthern China (Tangshan): 3,540-3,560 yuan per tonne, down 50-60 yuan per tonneSellers in the spot market started to lower prices in the mor...Read More
China's domestic rebar prices continued maintained their downward trend on Friday September 20 amid high selling interest. Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($511-515) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,560-3,600 yuan per tonne, down 20 yuan per tonneStockists were actively selling rebar to draw down their inventories on expectations of higher production...Read More
The markets remain in limbo this morning, Friday September 20, while they wait for any news from the initial talks that are underway between deputy trade negotiators in the United States.With the US, Europe and China all showing they are prepared to ease monetary policy and with some signs of slightly better economic data, the markets seem a little less nervous and with that prices are managing to...Read More
An overview of the minor metals markets and their latest price moves.Read More
In generations past, "hobbies for retirees" meant things like knitting, hanging out at the VFW, and flipping through TV Guide to see when Matlock would be on again.Sure, some people were a little more active, but the expectation was that once retired, the adventures in life were pretty much over.These days, it's possible to retire earlier, live longer, and stay healthier than ever before, so there...Read More
The following Fastmarkets minor metals prices changed on Friday September 20:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,850-6,150 per tonne from $5,800-6,100Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,800-6,100 per tonne from $5,800-6,085Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb: $2.55-2.90 per lb from $2.60-2.90Cobalt alloy grade, in-whs...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Stainless steel prices in Europe were stable this week amid expectations of dramatically increased alloy surcharges for October, sources told Fastmarkets on Friday September 20.October alloy surcharges will be based on nickel prices between August 21 and September 20. During this time, the average price for nickel, 3-months, London Metal Exchange Daily Official, was $17,178 per tonne, up by $2,183...Read More
Austenitic alloy steel scrap prices in Europe and the UK have decreased sharply for the second week running on weak demand and material oversupply, traders told Fastmarkets on Friday September 20.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK was ?820-870 ($1,024-1,067) per tonne on Friday, down by ?100-110 per tonne week on week. Fas...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday September 20:Aluminium scrapFloated frag, delivered consumer Europe, ?,?/tonne: ?,?850-880 per tonne from ?,?900-930Cast, delivered consumer Europe,...Read More
An oversupply of scrap in the spot market continued to force prices down in the week ended Friday September 20, with numerous cargoes from Europe, Hong Kong, Japan and the United States' West Coast (USWC) offered to buyers in Southeast Asia.The premium of $10 per tonne which USWC-origin HMS 1&2 (80:20) typically commands over Japanese H2-grade scrap has disappeared in the face of stiff price compe...Read More
China's electric vehicle (EV) sales have declined year-over-year for the second straight month, on the heels of uncharacteristically slow growth this spring, indicating that contractions in cobalt supply may be partly offset by lower-than-anticipated battery demand.China announced in March that it planned to end a key subsidy for smaller EVs with a driving range below 250 km, and to halve the subs...Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released an updated resource estimate for its Val-d'Or East project in Quebec, 25 km east of Val-d'Or and 1.5 km west of the company's New Beliveau deposit.Resources in all categories total 3.2 million oz., up from 1.4 million oz. in the 2018 estimate.David PalmerCEO, Probe Metals"It is a very pivotal resource," says David Palmer, Probe Metals' president...Read More
The latest resource estimate for Monarch Gold's (TSX: MQR; US-OTC: MRQRF) newly acquired Fayolle gold project in Quebec confirms the deposit's high-grade, near-surface potential.Fayolle's indicated resource now stands at 706,400 tonnes grading 4.89 grams gold per tonne for 111,010 contained oz. gold."We are very happy with the way that Fayolle is turning out," says Jean-Marc Lacoste, Monarch Gold'...Read More
"The Mining Journal Global Finance Report 2019 provided analysis of recent successful financings & the 2020 report should feature a bigger contribution from the mining industry. If you're an investor in the sector, please fill out this investor survey. https://t.co/5FDU4eb60U"Read full newsRead More
"We are pleased to announce that COO @Anaconda_Mining Gordana Slepcev will be speaking at Future of Mining Americas on 21st-22nd October in Denver. #futureofmining #FOMAmericas"Read full newsRead More
"We are pleased to announce the Innovation Leader Finalists:@ResoluteMining @GoldspotD @NCZResources @tristar_gold @NewmontGoldcorp @AngloAmerican Find out the winner on 27th September #MJAwardshttps://t.co/S0tcoEbArO"Read full newsRead More
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VANCOUVER, British Columbia, Sept.20, 2019(GLOBE NEWSWIRE) -- Further to its most recently reported sales of ~CAD $60,000,000, Mission Ready Solutions Inc. ("Mission Ready" or the "Company") (TSXV: MRS) is pleased to announce that it has received additional contract awards ("Awards") valued at ...Read full newsRead More