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IRON ORE DAILY: Prices weaken amid Chinese rebar dip, production restrictions

December 13, 2019 / www.metalbulletin.com

Physical iron ore prices softened on Thursday December 12 amid losses in Chinese rebar prices and news of production restrictions in Anyang city, central China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.02 per tonne, down $0.65 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.11 per tonne, down $0.65 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.63 per t...Read More

Steelmaking Raw Materials Trade Log, December 12, 2019

December 13, 2019 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreBHP, private tender, 100,000 tonnes...Read More

Copper supply crunch to become more acute

December 12, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningThe red metal may finally have woken from its slumber as China's imports increased in November and a November US jobs report indicated the economic situation may not be as bad as some had thought.Read More

COKING COAL DAILY: Spot market stays busy

December 13, 2019 / www.metalbulletin.com

The seaborne coking coal market saw a day of ample spot activity on Thursday December 12, with cargoes trading on both a cfr China and an fob Australia basis.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.58 per tonne, up $0.59 per tonnePremium hard coking coal, cfr Jingtang: $147.96 per tonne, down $0.60 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchanged...Read More

Rio has Oyu Tolgoi win

December 12, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningThe resolution instructs the government to look for ways to improvement the implementation of the 2009 agreement, the 2011 amended and restated shareholder agreement, and to improve the 2015Read More

Bernstein: copper price has to go higher for new mines to come on

December 11, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena mining"To put it simply, both technological and geological advances in copper mining are increasingly difficult, meaning that price becomes the principal motivating force," it said.Read More

CHINA HRC: Export prices rise despite steady domestic market

December 13, 2019 / www.metalbulletin.com

China's domestic hot-rolled coil prices were largely flat on Thursday December 12, though those in the export market gained some strength. DomesticEastern China (Shanghai): 3,880-3,890 yuan ($551-552) per tonne, unchangedNorthern China (Tangshan): 3,650 yuan per tonne, down 10 yuan per tonneHRC futures strengthened during the day, but this failed to stimulate the spot market. Some buyers cut their...Read More

CHINA REBAR: Domestic prices down amid bearish sentiment

December 13, 2019 / www.metalbulletin.com

China's domestic rebar prices dropped on Thursday December 12 on concerns over high production rates. Eastern China (Shanghai): 3,900-3,930 yuan ($555-559) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,580-3,600 yuan per tonne, down 60-70 yuan per tonne Domestic rebar output totaled 3.66 million tonnes over the week ended Thursday, up 31,000 tonnes from the preceding week, acco...Read More

China's stainless steel prices fall on inventory pressure

December 13, 2019 / www.metalbulletin.com

China's domestic stainless steel prices dropped over the past week due to inventory pressure experienced by a major mill, which went on to weigh on export prices.DomesticFastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,150-14,900 yuan ($2,010-2,116) per tonne including value-added tax for the...Read More

Tech Talk for Thursday December 12th 2019

December 11, 2019 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Equity index futures moved slightly lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 212,000 versus 203,000 last week. Actual was 252,000. Consensus for the November Producer Price Index was an increase of 0.2% versus a gain of 0.4% in Octo...Read More

Cobalt sulfate prices hold steady amid higher input costs; hydroxide payables also flat

December 13, 2019 / www.metalbulletin.com

Cobalt sulfate prices in China have held for the second consecutive pricing session, with the majority of producers holding their quotations firm amid high raw materials costs. Fastmarkets' assessment for Cobalt sulfate 20.5% Co basis, exw China, stood unchanged at 42,000-45,000 yuan ($5,973-6,400) per tonne on Wednesday December 12 from its previous assessment. The price has dropped 28.7% si...Read More

COMMENT: Cobalt market finds new ways to do hydroxide business as autos put EV plans into action

December 13, 2019 / www.metalbulletin.com

A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle (EV) sector are coming into play. Glencore will supply battery manufacturer SK Innovation with up to 30,000 tonnes of cobalt contained in hydroxide over six years, it said last week - a deal worth about $1 billion in today's market. And other deals also point...Read More

5 Ways to Save on Your Christmas Shopping

December 12, 2019 / dailyreckoning.com

Dear Rich Lifer,With two of the biggest shopping days of the year behind us, Black Friday and Cyber Monday, it might seem like there are no more deals to be had.However, malls and retailers know this is just the beginning of the holiday shopping season.According to Sensormatic Solutions, 8 out of the 10 busiest days for in-store foot traffic this year will take place in December:Black Friday, Nove...Read More

LlamaZoo VR technology trims mine costs, carbon footprint

December 12, 2019 / www.northernminer.com

Before it started creating 3D visualizations of mine sites, Victoria-based LlamaZoo Interactive was helping veterinarian students virtually dissect dogs. Using technologies such as virtual reality (VR) and augmented reality (AR), video game industry veterans Charles Lavigne and Kevin Oke created EasyAnatomy, the world's first virtual reality canine dissection experience, which can also help vets b...Read More

Ontario, Saskatchewan and New Brunswick to develop modular nuclear technology

December 12, 2019 / www.northernminer.com

The governments of Ontario, Saskatchewan and New Brunswick have signed a Memorandum of Understanding (MOU) committing their provinces to the development and deployment of a new type of nuclear technology, known as small modular reactors (SMRs).The decision by premiers Doug Ford, Scott Moe and Blaine Higgs is meant to help the provinces reduce their carbon emissions while moving away from the use o...Read More

Interview: Rory Johnston of Scotiabank looks to 2020

December 12, 2019 / www.northernminer.com

Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank's economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the prices of major Canadian export commodities), contributions to Scotiabank's Global Outlook (the department's flagship quarterly forecast), as well as notes on various topics of i...Read More

Come together

December 12, 2019 / www.mining-journal.com

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 delawareAlthough strictly speaking a few days before advent (but well after the Regent Street Christmas lights were switch...Read More

RT @DailyHiveVan: Win a 6qt. KitchenAid stand mixer from @StoreMapleLeaf in @DailyHiveVan's annual #DH12Days

December 13, 2019 / bit.ly

Maple Leaf Storage wants to help you prepare food for the holidays and is giving away a KitchenAid Professional 6qt. stand mixer.Read full newsRead More

. @RNCMinerals takes to the stage next March at #MiningJournalSelect Sydney #RNC is a gold producer focused on th...

December 12, 2019 / twitter.com

". @RNCMinerals takes to the stage next Marchat #MiningJournalSelect Sydney#RNC is a gold producer focused on the integration of its Beta Hunt Gold Mine with it's recently acquired Higginsville Gold Operation ("HGO") in Western Australia #MJS #MJSSydneyhttps://t.co/Crsj6xrUsC"Read full newsRead More

RT @DailyHiveVan: Win a year's supply of gelato from @fiascogelato in @DailyHiveVan's annual #DH12Days

December 12, 2019 / bit.ly

Made with simple, real ingredients, Fiasco Gelato is dairy-free and gluten-free certified, created entirely at its Gelato Factory & Coffee Bar in Calgary.Read full newsRead More

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