Aim-listed Firestone Diamonds recorded a solid operational performance at its Liqhobong diamond mine, in Lesotho, in the quarter ended September 30 – the first quarter of its 2020 financial year.However from a market perspective, pricing remained subdued, CEO Paul Bosma said on Wednesday.AdvertisementHe indicated that the company continued to engage with its debtholders to ensure it was able...Read More

Trafigura has offered Nyrstar minority shareholders ?,?22.5 million ($25 million) for their remaining 2% stake in the zinc and lead smelting company.Trading house Trafigura, which owns 98% of Nyrstar, had previously offered ?,?22...Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftOperating profit was virtually flat at SEK 1.6bn (US$120 million), while free cash flow...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesCopper production stood at 82,900 tonnes, a quarterly record, which KAZ said put it on track to hit its 2019 guidance of around 300,000t.Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe company reported 14% lower copper production year-on-year at 864 million pounds as the giant Grasberg mine in Indonesia continues to transition to underground, and a disappointing performance at Cerro Verde impacted output.The Phoenix, Arizona-based company reported a net loss of US$131 million, or 9c per share for the period, af...Read More

A summary of Southern Copper Corp's production results for the third quarter of 2019, following the release of the company's earnings report on Wednesday October 23.In brief: A surge in copper production at Southern Copper's Toquepala mine in Peru helped to boost total output in the third quarter of the year, in comparison with the corresponding period of 2018, and offset lower copper content in m...Read More

The London Metal Exchange's mission to create more transparency in stock levels may not be popular with the whole market but it is a big step toward fixing key issues with the exchange, sources told Fastmarkets. The LME is expected to implement a series of reforms in 2020 that will make big changes to warehousing after it launched a market consultation in July this year. Extending the queue-b...Read More

Market analysts are preparing their predictions for base metals prices on the London Metal Exchange ahead of LME Week 2019, but the recent volatility in LME nickel prices and spreads is proving an obstacle to price forecasting for the fourth quarter of the year.Trading houses and research analysts are giving ever wider ranges, seemingly not knowing whether to err on the side of their bear or bull...Read More

The price of steel billet in the Turkish market increased over the past week because of tight supplies and rising imported scrap costs, sources said on Thursday October 24.Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey, was $380-385 per tonne on Thursday, up from the $365-380 per tonne.Mills in the Commonwealth of Independent States (CIS) region have increased t...Read More

Domestic long steel prices in the Turkish market have retreated slightly over the past week on the back of a strengthening lira against the US dollar, sources said on Thursday October 24.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was TRY2,850-2,910 ($494-505) per tonne on Thursday, down from last week's TRY2,880-2,950 per tonne, including 18% V...Read More

The export prices of rebar and wire rod from Turkey have continued to increase over the past week, because of the rising cost of scrap and the reduced supplies due to production cuts in the country.Demand was still weak in any case, sources said on Thursday October 24.The mills in the country have raised their offer prices for exports of rebar to $410-420 per tonne fob on an actual weight basis, c...Read More

The price for steel rebar in Egypt was stable in the week ended Thursday October 24, but the import price for steel billet has increased again, sources have told Fastmarkets.Egyptian rebar producers reduced their domestic prices on October 9, but have not made any further changes since then.Ezz Steel, Egypt's biggest producer, was currently offering rebar at E ?10,900 ($672) per tonne, El Marakby...Read More

China's hot-rolled coil producers continued to shift their focus to the country's domestic market, with prices there being largely stable on Thursday October 24 amid declining inventory levels.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,490-3,500 yuan per tonne, widening downward by 10 yuan per tonnePrices stayed largely stable on...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was 215,000 versus 214,000 last week. Actual was 212,000. Consensus for September Durable Goods Orders was a drop of 0.8% versus a gain of 0.2% in August....Read More

The proposed takeover of steelmaker British Steel by a Turkish army pension fund is looking uncertain with the UK government indicating it is willing to open talks with other interested parties, the official receiver said.Ataer Holdings, a division of Turkish army pension funk Oyak, had been in exclusive talks with the British government regarding the proposed takeover of the Scunthorpe-based...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

China's domestic rebar prices were unchanged on Thursday October 24 , although market participants told Fastmarkets they expected prices to start dropping amid weakening demand despite data showing a sharp decrease in inventory levels.Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedSpot market inventories...Read More

Fastmarkets wishes to resolve several misalignments in historical prices on its iron ore index and also align data published in the Excel file on the MB Iron Ore Index website with that published in its Price Book and Excel Add-In. Fastmarkets has identified several data misalignments between its iron ore index histories that are available in different locations. Most of these instances originated...Read More

Fastmarkets has corrected three errors in its iron ore index historical prices in its newsletter alert and in the Excel file on the MB Iron Ore Index website. The correct values on these occasions were those published in the Fastmarkets Price Book and distributed via the Excel Add-In.In the course of consolidating our databases, Fastmarkets identified three instances of mismatched prices between t...Read More

Export pig iron prices from the Commonwealth of Independent States increased this week on the resumption of sales to key markets, with buyers accepting higher prices due to shortages of the steelmaking raw material. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $283-287 per tonne on October 24, increasing from $270-280 per tonne fob. CI...Read More