A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 26.Please click...Read More

The spot copper market was quiet for Shanghai due to the closed arbitrage window and backwardation costs remaining in place in the week to Tuesday August 25, while a dramatic African copper theft dealt a blow to consumer confidence in EQ cathodes. The London Metal Exchange copper cash/three-month spread stood at a $17.25 per tonne backwardation in the morning of Wednesday August 26. Cif Shang...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More

A summary of Alumina Ltd's half-year results for the six month ended June 30, 2020. The results also include half-year results for Alcoa World Alumina & Chemicals (AWAC), 40%-owned by Alumina Ltd and 60% owned by Alcoa. In brief Alumina Ltd reported a statutory net profit after tax of $90.5 million for the six months to June 30, 2020, down from $210.9 million in the first half of 2019.  Exclu...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesA 2019 investigation by Codelco concluded it had been overcharged for 14 years between 2005 and 2018.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesGlencore owns 73.1%, First Quantum Minerals 16.9% and ZCCM-IH, Zambia's mining investment arm, 10% of the operation, which was shuttered briefly earlier this year.Mines minister Richard Musukwa told Reuters ZCCM-IH was seeking a larger stake "with a view to holding a controlling stake in Mopani".Artemis all set thanks to unique app...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe association developed the accolade in 2017 in pursuit of responsible sourcing strategy options for copper, modelling it on the United Nations Sustainable Development Goals.After extensive stakeholder consultation, pilot assessment with 25 member companies, and standards refinement, the Copper Mark was launched in March. The Cop...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesFawaz joins Ambler Metals from Newmont where he was SVP projects from February 2011 to October 2019, with responsibility for the development and execution of Newmont's major gold and copper projects globally."With decades of experience in the development of major resources projects, his leadership will be integral to the next phase...Read More

Hot-rolled coil prices in the United States have remained close to the $24.50-per-hundredweight ($490-per-short-ton) level, while domestic mills have announced a fresh round of price increases.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $24.41 per cwt ($488.20 per ton) on Wednesday August 26, down by 0.7% from $24.58 per cwt on Tuesday August 25 but up by 2.3...Read More

RAPAPORT... India's finance ministry has agreed to form a special group to help resolve issues affecting the country's gem and jewelry industry.The task force will address various requests made by the trade, such as enabling direct sales of rough diamonds by miners in the country, reducing the polished import duty to 2.5% from 7.5%, and issues pertaining to the goods and services tax (GST), the Ge...Read More

Domestic prices for hot-rolled coil moved up across the EU over the week to Wednesday August 26 supported by some improvement in demand, a lack of competitive imports, reduced output and high raw materials costs, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?447.87 ($529.34) per tonne on Wednesday, up by ?,?5.04 pe...Read More

The price of hollow steel sections in Northern Europe has inched upward following a jump in feedstock costs, with the market slowly returning to work after the summer holiday period, sources told Fastmarkets on Wednesday August 26.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-565 ($638-668) per tonne on Wednesday, up from ?,?540-560 per...Read More

Brazilian flat steel producer Usiminas has restarted its No1 blast furnace (BF) in Ipatinga city, in the country's southeastern Minas Gerais state, it said on Wednesday August 26. Usiminas has resumed activities at the blast furnace and its No1 steelworks at the mill, both halted in April because of the impact of the Covid-19 pandemic on the Brazilian economy. "The rebound of the Brazilian economy...Read More

Steel mesh-quality wire rod prices went up over the past week on good demand, while bullish suppliers seem intent on further price increase in September citing higher feedstock costs and demand growth, Fastmarkets heard on August 26.Southern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe increased to ?,?440-450 ($519-531) per...Read More

The price of steel H-beams in Europe inched up on Wednesday August 26 with producers pushing ahead with previously announced increases, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?535-565 ($632-668) per tonne on Wednesday, up from ?,?530-560 per tonne one week before.Market participants have slowly started to return to wor...Read More

(Adds comment from Vale) By Sabrina Valle and Luciano Costa SAO PAULO, Aug 26 (Reuters) - Authorities from Brazil'sMinas Gerais state are seeking a freeze on nearly $5 billion inassets from miner Vale SA as a partial payment tocover economic and other damages from last year's deadlyBrumadinho dam disaster. In a statement on Wednesday, state and federal prosecutorsin Minas Gerais said they had sent...Read More

The Turkish steel producers have continued their deep-sea scrap purchases for late September and October shipments, with prices becoming firmer, sources said on Wednesday August 26.After booking three deep-sea cargoes earlier this week, three more transactions were heard on Wednesday.A steel mill in the Izmir region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25), 15,000 tonne...Read More

Workday (WDAY), a NASDAQ 100 stock moved above $200.00 and $202.00 extending an intermediate uptrend. Microsoft (MSFT), a Dow Jones Industrial Average stock moved above $217.12 to an all-time high extending an intermediate uptrend.U.S. Crude Oil ETN (USO) moved above $31.02 extending an intermediate uptrend. Pre-opening Comments for Wednesday August 26thU.S. equity index futures were higher t...Read More

Seaborne iron ore prices rose on Wednesday August 26 amid strong interest from steelmakers for high- and low-grade iron ore fines, trader sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.20 per tonne, up $1.22 per tonne 62% Fe low-alumina fines, cfr Qingdao: $123.65 per tonne, up $2.45 per tonne58% Fe fines high-grade premium, cfr Qingdao: $110.97 per tonne, u...Read More

The seaborne premium hard coking coal fob index continued yesterday's uptrend, with a transaction of premium hard coking coal concluded on Wednesday August 26 while in the cfr market, seaborne prices remained flat due to low liquidity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $105.91 per tonne, up $1.50 per tonne Premium hard coking coal, cfr Jingtang: $114.77 per tonne,...Read More