The price spread for UK inter-merchant light iron scrap was steady over the week to Friday September 18, with limited supplies coming into merchant yards and a steady rate of export tonnages underpinning support for domestic prices, industry sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?100-110...Read More

The United Arab Emirates Ministry of Economy has extended the ban on exports of steel and paper scrap from the country for a period of four months, the ministry said on September 13.The ban was first introduced on May 15 for a period of four months and this has now been extended for another four months."The steel scrap [ban] decision is because of the increase in the price of...Read More

Turkish steel producers ended the working week with no deep-sea bookings in anticipation of lower scrap prices, sources told Fastmarkets on Friday September 18.Mills in Turkey have been out of the market since September 9; the last booking was for US scrap at $301 per tonne cfr on an HMS 1&2 (80:20) basis.Some suppliers have raised their offers to $305-310 per tonne cfr since then, but mills did.....Read More

Iron ore prices rebounded on Friday September 18 amid active trading in the seaborne market and in ports, while low-grade fines performed well on solid demand. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $124.90 per tonne, up $2.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.02 per tonne, up $2.43 per tonne58% Fe fines high-grade premium, cfr Qingdao: $115.46 per tonne, up $3.1...Read More

Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.Lower demand from South Korea had already weighed on Japanese export prices by Wednesday, but bearish sentiment had dragged prices down further by the end of the week...Read More

Seaborne hard coking coal indices in both fob and cfr markets rose slightly on Friday September 18 following the latest transaction, while most market participants remain in wait-and-see mode. Fastmarkets indices Premium hard coking coal, fob DBCT: $122.95 per tonne, up $1.22 per tonne Premium hard coking coal, cfr Jingtang: $134.41 per tonne, down $0.73 per tonne Hard coking coal, fob DBCT: $107....Read More

Eastern China's hot-rolled coil prices edged up on Friday September 18 on a pick-up in trading activity. DomesticEastern China (Shanghai): 3,860-3,890 yuan ($570-575) yuan per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,790-3,820 yuan per tonne, down 80-90 yuan per tonnePrices in eastern China rose during the day and most market sources told Fastmarkets that they ha...Read More

Heavy rain and a price decrease for raw materials deprived China's domestic rebar market of any upward momentum this week. Rebar prices stopped falling on Friday September 18 on rising futures, which kept it at the same level as a week earlier.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($545-548) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,620-3,640 yuan per tonne, do...Read More

This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 - showing sentiment remains bullish overall with dips being bought.This suggests prospects for increased demand for metals from infrastructure projects is driving sentiment and the market is not so concerned by th...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

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

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

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

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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

First Solar Japan and Toshiba Energy Systems & Solutions Corp (Toshiba ESS) have agreed to construct two mega solar projects in eastern Japan's Tochigi Prefecture, Toshiba ESS said in a release on Wednesday September 16.The two plants, with an integrated capacity of nearly 60 megawatts (MW), will start operating in April 2023 and will use First Solar's photovoltaic modules.The electricity will be...Read More

The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals' (TSX: HBM; NYSE: HBM) 777 mine.The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end of its life, with final production slated for 2022. This is a cause of great concern for the local community of Flin Flon.However, Max Po...Read More

Manitoba and Saskatchewan are among the world's premier jurisdictions for mining and mineral exploration. Here's a look at eight companies with assets in the provinces. ALX ResourcesALX Resources (TSXV: AL) is focused on nickel, copper-cobalt, gold and uranium exploration in Saskatchewan, where it holds over 2,000 square kilometres.In August, ALX entered into an option agreement with Rio Tinto (N...Read More

Chairman Mao Zedong's famous proclamation that "women hold up half the sky" may be true but certainly not as chief executive officers or in the boardrooms of the corporate world.So it was refreshing to hear the recent news that Citigroup - the third largest bank in the United States - has chosen Jane Fraser as its next CEO. Fraser, 53, started her career at Goldman Sachs in London and then went to...Read More

Argentina's decision this week to expand restrictions on foreign exchange to protect its dollar reserves is largely due to the coronavirus pandemic's impact on the country's already overburdened economy, Waldo Perez, president and chief executive of Neo Lithium (TSXV: NLC; US-OTC: NTTHF), told The Northern Miner."The pandemic has had a very important role to play in this policy move - they are tem...Read More

The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says GlobalData.According to the data and analytics company, all the world's top gold producers, including Newmont (TSX: NGT; NYSE: NEM), Barrick Gold (TSX: ABX; NYSE: GOLD), AngloGold Ashanti (NYSE: AU), and Newcrest Mining (ASX: NCM)...Read More