China's domestic rebar prices dropped on Monday July 27 amid weakness in the futures and billet markets, though end-user demand was reported as "good."Domestic Eastern China (Shanghai): 3,580-3,600 yuan ($510-513) per tonne, down by 30-40 yuan per tonneRebar sellers lowered their offers in the morning in response to falling futures.They were hoping to generate more sales by doing so since end user...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More

Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets' "A critical look into the impact of Covid-19 on cathode materials" webinar on Tuesday July 21. Most of the new demand for EV batteries last year were for...Read More

Gold is setting fresh record highs with prices having been as high as $1,943.70 per oz this morning, Monday July 27, while the base metals on the London Metal Exchange were up by an average of 0.8%. Hopes and fears are driving the markets, with the hope of further United States stimulus underpinning equites and industrial metals, while concerns about the US-China diplomatic relations and how the o...Read More

Key data from the Friday July 24 pricing session in Shanghai.Key drivers Exporters continue to raise their offer prices given strong domestic prices amid tight spot market supply. Plants in China's Xinjiang region, which have operated at...Read More

Key data from the Friday July 24 pricing session in Shanghai.Key drivers Producers reporting tight spot supply because the material has already been booked. Speculators are said to...Read More

The price of stainless steel in Europe fell further in the week to Friday July 24 on struggling demand and a resurgence in imports, sources told Fastmarkets.Fastmarkets' weekly assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?1,900-1,950 ($2,214-2,272) per tonne on Friday, down by ?,?30-50 per tonne week on week from ?,?1,930-2,000...Read More

China has issued its 10th round of scrap metal import quotas for 2020, marking its second batch for the third quarter.The latest batch permits 1,110 tonnes of aluminium scrap to enter China, in addition to the 209,660 tonnes allowed in the ninth round of quotas announced on July 6, the China Solid Waste & Chemicals Management Bureau said on Friday July 24.So far in 2020, China has allowed importer...Read More

Gold continued its upward climb today and made history by touching record prices as worries over the coronavirus pandemic and intensifying U.S.-China tensions weighed on investor sentiment.Spot gold surged 2% to US$1,940.96 per oz. by 11:15 a.m. EDT. Earlier in the day, the spot price set an all-time high by trading at US$1,945.10 per ounce, topping the previous high set in September 2011.Gold fut...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesGold's rise has been well-reported but to refresh it is all about a combination of falling U.S. interest rates, and...Read More

A wave of new mines in the pipeline on Chile's Maricunga gold belt are advancing towards construction just as the price of the precious metal hits its highest level in almost a decade.Gold Fields (NYSE: GFI), Kinross Gold (TSX: K; NYSE: KGC), Rio2 (TSXV: RIO; US-OTC: RIOFF) and Kingsgate Consolidated (ASX: KNC) of Australia are all pushing projects that could enter production by the middle of the...Read More

As the gold price breaks through US$1,900 per oz., Refinitiv has released its review of the gold sector in the second quarter, providing insight into where the demand is coming from - and where it's falling.The review shows that as uncertainty around the Covid-19 pandemic has boosted investor demand for gold in some regions, the rising price has made the yellow metal more expensive in local curren...Read More

Golden Star Resources (TSX: GSC; NYSE-AM: GSS) has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for US$55 million and contingent payments of up to another US$40 million.The mine is 40 km from Golden Star's Wassa gold mine, and the sale will allow the company to accelerate the growth and development of its Wassa's resource bas...Read More

Iamgold (TSX IMG; NYSE: IAG) has resumed operations at its Rosebel gold mine in Suriname, which was shut down in June after union leaders asked their members to put down their tools in response to workers testing positive for the coronavirus.The Toronto-based miner said operations resumed on July 24 after it received confirmation and advice from the country's Covid-19 outbreak management team that...Read More

Lynas (ASX: LYC) has signed a contract with the U.S. Department of Defense to start design work for a heavy rare earth element (HREE) separation facility in Texas.The facility would process heavy rare earths from the company's Mt. Weld mine in Western Australia.In April, the Pentagon awarded Lynas and privately held MP Materials funding for rare earths separation facilities in Texas and California...Read More

Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has released a prefeasibility study for its Sabodala-Massawa complex in Senegal that shows the project is a "top tier mine" asset, the company says.The Toronto-based miner bought Massawa from Barrick Gold (TSX: ABX; NYSE: GOLD) in December 2019. After completing the US$380 million-acquisition earlier this year, Teranga began integrating the asset with its fla...Read More

On Tesla's second quarter conference call last week, Elon Musk entreated the industry to: "Please mine more nickel - Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way."Musk's comments couldn't have come at a better time for Mark Selby, president and CEO of Canada Nickel (TSXV: CNC), which owns 100% of the Crawford...Read More

Gold prices touched record prices on Monday morning in Asia as worries over issues such as the coronavirus pandemic as well as U.S.-China trade tensions weighed on investor sentiment.Read full newsRead More

An uncertain and uneven recovery explains their skyward leapRead full newsRead More