Turkish steel producers have remained out of the deep-sea scrap import markets as most of them are fully booked for November shipment cargoes, sources said on Thursday October 24.Steel mills in Turkey have booked at least 16 cargoes, totaling 500,000 tonnes of scrap so far in October and went quiet at the end of last week."Most of the mills have booked sufficient deep-sea scrap for November shipme...Read More
After spending most of the day rangebound, seaborne iron ore prices again edged up on Thursday October 24, despite limited activity in the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.34 per tonne, up $0.16 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.16 per tonne, up $0.16 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.96 per tonne, up $0.30 per...Read More
One of the largest producers of metallurgical coal expects rising steelmaking capacity in India and Southeast Asia as well as constraints on investments in steelmaking coal capacity to be the long-term drivers of the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.40 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.07 per tonne, unchangedHard coking coal, fob DBC...Read More
Vermelho - one of the largest and highest-grade undeveloped laterite nickel-cobalt resources in the world - will generate US$7.3 billion in total cash flow over 38 years, Horizonte Minerals (TSX: HZM; LON: HZM) says.The company acquired the Brazilian asset last year from Vale (NYSE: VALE) for US$8 million in cash - US$2 million upfront and the balance on production.The project will produce nickel...Read More
The three-month nickel price on the London Metal Exchange was higher during morning trading on Thursday October 24, climbing just under 1% amid moderate turnover, while a similar uptick in zinc saw the galvanizing metal close in on nearby resistance levels. Nickel's futures price was recently seen at $16,775 per tonne, while just under 2,500 lots were exchanged as of 9:45am London time. Supporting...Read More
Declining nickel prices on the London Metal Exchange put China's stainless steel market under pressure over the past week.The three-month nickel contract on the exchange ended Wednesday October 24's trading session at $16,420-16,425 per tonne, down $510-515 per tonne from a week earlier.The contract price is also $2,030-2,050 per tonne lower compared with September 2's five-year high of $18,450-18...Read More
With the exception of tin, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday October 24.As was the case on Wednesday, nickel led the charge higher. The most-traded December nickel contract on the SHFE climbed to 131,900 yuan ($18,644) per tonne as at 10.08am Shanghai time, up by 1,930 - or 1.5% - from Wednesday's close of 129,970 yuan per to...Read More
Data insights, analysis and key market themes dominating discussions in the antimony market ahead of annual negotiations during LME Week 2019.See also:FOCUS: Fanya auctions give momentum to minor metals prices after years of overhangChina Minmetals wins auction for entire Fanya antimony stock for $76mln SPMP's Oman project produces first antimony metal after multiple delaysFOCUS: Five factors...Read More
Key data from the Wednesday October 23 pricing session in Shanghai. Key drivers Chinese cobalt metal price softens on slow spot activity, while tight supply of certain domestic brands has eased amid profit-taking.The cobalt tetroxide price in China was unchanged, though lower offers emerged after prices for downstream lithium cobalt oxide (LCO) battery materials...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 maplecroftASX-listed mining companies have, on my reckoning, completed 53 business case studies ra...Read More
Canada is fast becoming the hottest ticket in gold mining with gold stocks up last week as trade talks between the US and China resumed on Thursday. Mining shares were up on average 4.2% last week with several junior gold miners coming out strong after posting their Q3/19 results. Steady operating results and stronger quarterly financial results are offering an appealing opportunity for investors...Read More
Russia's largest oil company Rosneft has fully switched the currency of its...Read full newsRead More
Australian lithium miner Galaxy Resources Ltd said on Thursday it will scale bac...Read full newsRead More
SINGAPORE - Nickel prices touched a more than one-week high on Thursday, after authorities in Papua New Guinea shut down a nickel project following a slurry spill.Papua New Guinea has closed ...Read full newsRead More
Canada's largest diversified miner will continue to forge ahead with its key Quebrada Blanca Phase 2 project in Chile.Read full newsRead More
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A lawsuit filed by an Australian woman claims that a group of dingoes attacked her after she tried to retrieve the phone one of the animals had snatched from her hands as she ate lunch.Read full newsRead More
Draya Michele's clothing line with superdown is guaranteed to sell out. Find out all of the details on the influencer-approved affordable clothing collection.Read full newsRead More
"$OSIS - OSI Systems, Inc. (OSIS) CEO Deepak Chopra on Q1 2020 Results - Earnings Call Transcript. Read more and get updates on any stock! https://t.co/Yp6UdYJFLM #markets #stockmarket #trading"Read full newsRead More