Artemis all set thanks to unique approachSPONSOREDartemis resources"The land (held by state-controlled Gécamines) includes multiple blocks over the preferred location for construction of a new long-term tailings facility, and multiple other blocks that will enhance KCC's ability to more efficiently operate its mines, facilities and other key infrastructure requirements," Glencore-contr...Read More

Domestic prices for hot-rolled coil in Northern Europe have been largely stable day on day on Friday December 20, following a substantial increase over the week, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was at ?,?439.39 ($488.79) per tonne on Friday December 20 compared with ?,?439.24 per tonne on Thursday.The calculation of the ind...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSouth32 owns 11.7% of Trilogy and has contributed US$30 million over three years to exploration, and had until January 20 to decide if it wanted to expand its interest.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe copper is in the pre-filter press feed tank and will be sent to the concentrate press over the coming days, ending the company's 10-year dependence on its Prominent Hill copper-gold mine as its sole source of income.  Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt aims to produce 20,000-25,000 t...Read More

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), were stable in the week to Friday December 20 amid moderate demand, sources told Fastmarkets.Domestic pricesDemand in Turkey's local market slowed this week ahead of the year-end because buyers had already placed their orders earlier in December, sources said.Most producers have filled...Read More

Global scrap prices trended upward in the week to Friday December 20 on higher offer prices and limited supplies.Turkish import prices steady on limited trades United States export prices up on recent Turkish sales Vietnam, Taiwan import prices rise on higher offers Indian import prices up on tight supplies Turkey Turkish imported ferrous scrap prices were largely stable this week,...Read More

The inter-merchant spot price for light iron scrap in the United Kingdom was steady in the week ended Friday December 20, consolidating gains of ?15 per tonne made over the month.A solid increase in European steel scrap export prices has been support to the British market.The UK market, both on an inter-merchants level and to steel mills, has been strengthening over the fourth quarter - exporters...Read More

U.S. equity index futures were slightly higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Today is "Triple Witching Day": last trade day for December equity and index futures and options. Volumes are expected to be higher than average. Index futures were virtually unchanged following release of the next estimate of third quarter GDP at 8:30 AM EST. Consensus was growth...Read More

The price of ferrous scrap imported into India increased this week as traders hold on to their material in the hope of achieving higher sales in January, sources told Fastmarkets on Friday December 20.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $296.05 per tonne on Friday, up from $290.75 per tonne a week earlier.Deals were heard for shredded at $290 and $300 per tonne f...Read More

Turkish steel producers have continued to stay out of deep-sea scrap markets at the end of the week to focus on finished steel sales, sources said on Friday December 20.The mills have booked several cargoes in the previous weeks for January and February shipments and went quiet earlier this week in response to rising offers, Fastmarkets was told.Turkish producers booked two deep-sea cargoes at the...Read More

Seaborne iron ore prices fell across the board on Friday December 20 amid fresh emergency pollution curbs imposed in the steelmaking hub of Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.63 per tonne, down $2.14 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.72 per tonne, down $2.14 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.46 per tonne, down...Read More

What caused the overnight lending market to unexpectedly seize up in September? There's a good reason to believe JPMorgan Chase (JPMC) may have been at the heart of it.JPMorgan Chase is the largest bank in the U. S., and has about $1.49 trillion in deposits. It's one of the big banks that provide much of the loans in the overnight money markets.But it seems the mega-bank had gone on a stock buybac...Read More

The big news this week was that the House of Representatives impeached President Trump for abuse of power and obstruction of Congress.Trump now joins Andrew Johnson and Bill Clinton as the only U.S. presidents to be impeached (Nixon resigned before he could be impeached).Now it goes to the Senate for trial. But there's virtually no chance the Senate will convict Trump on the charges, given the Rep...Read More

Seaborne cargoes of premium hard coking coal were sold to China below prevailing prices on Friday December 20.Fastmarkets indicesPremium hard coking coal, fob DBCT: $135.78 per tonne, up $1.66 per tonnePremium hard coking coal, cfr Jingtang: $147.47 per tonne, down $0.66 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $134.99 per tonne, unchangedLow...Read More

Export prices for Chinese hot-rolled coil prices rose further on Friday December 20 despite a stable domestic market amid increased buying in South Korea and Pakistan.DomesticEastern China (Shanghai): 3,870-3,880 yuan ($552-553) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedTrading remained moderate in the domestic market, amid relatively low inventory levels.Most m...Read More

Base metals prices on the Shanghai Futures Exchange were split into two camps during the morning trading session on Friday December 20, with nickel outperforming the rest of complex with a 1.2% gain.The most-traded March nickel contract rose to 112,110 yuan ($15,995) per tonne at the close of the morning trading session, up by 1,330 yuan per tonne from Thursday's close of 110,780 yuan per tonne.Th...Read More

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

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

The price of stainless steel flat products was unchanged in Europe this week - participants expect this stability to remain in place until at least the first week of January, during which time the market will be largely shut for the holiday season, they told Fastmarkets on Friday December 20.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction dom...Read More

The prices of austenitic grades of stainless steel scrap were largely unchanged this week - participants noted that any increase in the cost of nickel will be balanced out by the stronger pound against the dollar, they told Fastmarkets on Friday December 20.Fastmarkets' assessment of the stainless steel scrap 316 solids, domestic, delivered merchants UK price was ?1,120-1,180 ($1,463-1,541) per t...Read More