An uptick in Turkish scrap import prices, coupled with a week-long holiday in China to mark the country's 70th anniversary, provided support for steel billet prices in Southeast Asia over the past week, sources told Fastmarkets on Friday October 4.Market participants were cautiously optimistic that billet prices had bottomed out."Ferrous scrap prices [in Turkey] moved up slightly this week and we...Read More

RANDJESFONTEIN (miningweekly.com) – The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference.“Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment in which we find ourselves. The beaches, th...Read More

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

Wet-processing equipment companyCDE South Africa is targeting iron-ore and gold mining operations with low-grade ore and tailings dumps, as it believes this is where potential for growth lies in South Africa. “In the iron-ore space, we have had a lot of success in beneficiating low-grade waste stores. We are introducing the benefits of wet processing to the mining sector in South Africa as t...Read More

The team has overseen soil sampling and trenching in Cameroon since Livesey took over as CEO in March 2018 when the group was still called Stratex International, once actively exploring Turkey and East Africa.Livesey has taken the company back to its roots, concentrating on early stage work in mining-friendly jurisdictions that have prospective geology, and operating alongside well-connected joint...Read More

Polymetal building with good momentumSPONSOREDpolymetal international"We're an active explorer in a very prospective part of WA and we're concentrating on our gold assets, where we think there is good potential for the discovery of a new resource," managing director Lachlan Reynolds told RESOURCEStocks.The focus on gold is a return to the company's namesake inspiration, the prolific Golden Mile at...Read More

Pig iron export prices from the south of Brazil have stabilized as suppliers turn away from the weaker United States market to refocus on China.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday October 4, stable week on week. "We are not offering to the US now, because [the] market level is falling there," one supplier said. "...Read More

Prices in the UK and mainland Europe alloy steel scrap markets were unchanged this week because of an almost complete lack of buying interest, sources told Fastmarkets on Friday October 4. Demand from European stainless steel mills is extremely low, traders said, because of weak demand globally for stainless steel that has led mills to reduce their production rates. With mills producing less stain...Read More

The inter-merchant spot market for UK-origin light iron scrap was steady in the week ended Friday October 4, stabilizing the losses made over the past two weeks, with suppliers keeping their offer prices firm ahead of agreeing domestic monthly settlements to consumers.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($74-99) per...Read More

Prices of ferrous scrap imported into India fell at a slower rate this week amid signs that the market has started to stabilize after several weeks of decreases, sources told Fastmarkets on Friday October 4.Fastmarkets' weekly index for steel scrap, shredded import, cfr Nhava Sheva was $251.34 per tonne on Friday, down by just $0.47 from $251.81 per tonne one week ago.This compared with week-...Read More

No significant trading activity was reported in the key export outlets for pig iron from the Commonwealth of Independent States during the week ended Thursday October 3, with buyers pessimistic about falling scrap prices in the United States.The US is the largest global importer of pig iron.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, decl...Read More

Seaborne iron ore prices remained flat on Friday October 4 in a quiet session, with most Chinese market participants still on a week-long break.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.38 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged.58% Fe fines high-prem...Read More

Trading activity in the seaborne coking coal market remained muted on Friday October 4, the fourth day of China's Golden Week to mark its 70th National Day.Premium hard coking coal, fob DBCT: $146.08 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $159.70 per tonne, unchanged Hard coking coal, fob DBCT: $123.13 per tonne, unchangedHard coking coal, cfr...Read More

It has been a hectic couple of years for LME chief executive officer Matthew Chamberlain, his teams and members while the exchange works through the comprehensive list of plans and actions in its Strategic Pathway.Regardless of the actual volume of activity under way in an organization, there is a tendency for most chiefs to convey a sense of constant, restless dynamism focused on an endless desir...Read More

The three-month nickel price on the London Metal Exchange was higher during morning trading on Friday October 4, with continued outflows and fresh cancelations in LME stocks buoying price action, while copper continues to drift below nearby resistance levels. Nickel's outright price was recently trading at $17,775 per tonne - its highest level since September 20 - against just 1,500 lots exchanged...Read More

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

The following Fastmarkets minor metals prices changed on Friday October 4:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $6,000-6,300 per tonne from $5,950-6,200Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $6,000-6,300...Read More

Weak data out of the United States, on top of generally weak data globally, is keeping most markets rangebound and the focus today will be on the US employment report. A weak number could give equities a boost as it would suggest easier monetary policy, but weak data does not bode well for manufacturing. In addition, the metals are likely to now start to focus on next week's US-China trade talks -...Read More

On the back of record quarterly revenues from its wholly owned Lac des ??les mine, 100 km northwest of Thunder Bay, Ont., pure-play palladium producer North American Palladium (TSX: PDL; US-OTC: PALDF) recently added to its regional presence by acquiring 51% of the nearby Sunday Lake platinum group metal project, just 60 km south of its mine.Originally entering an earn-in agreement in mid-2017 wit...Read More

The Northern Miner presents the top-10, silver-focused companies by market capitalization. 1. FresnilloMarket cap: $8 billionA portal at MAG Silver and Fresnillo's Juanicipo silver project in central Mexico. Credit: MAG Silver.With 61.8 million oz. silver production in 2018, Mexico City-headquartered Fresnillo (LSE: FRES) says it's the world's largest silver producer. Across Mexico, the company op...Read More