Seaborne iron ore prices fell on Monday September 21 as a result of stricter environmental restrictions being imposed on steelmakers in the hub of Tangshan, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.82 per tonne, down $5.08 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $120.05 per tonne, down $4.97 per tonne. 58% Fe fines high-grade premium, cf...Read More
Seaborne iron ore pellet prices continued outperforming iron ore concentrate in the week to Friday September 18, but with the end of sintering restrictions in China, demand for both has how begun to fall back.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $135.56 per tonne, down $2.17 per tonne65% Fe blast furnace pellet, cfr Qingdao: $147.25 per tonne, up $0.65 per tonneKe...Read More
China's domestic ferrous scrap prices lost their upward momentum over the past week amid a weakening of the downstream steel market, snapping three weeks of increases for the steelmaking raw material.But market participants are not expecting scrap prices to decrease further until China's week-long break from October 1 to mark its National Day.Fastmarkets' weekly price assessment for steel scrap he...Read More
Domestic hot-rolled coil prices weakened on Monday September 21 amid thin trading, which led a mill in eastern China to lower its export offer for the flat steel product, sources told Fastmarkets.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($567-570) yuan per tonne, down 20-30 yuan per tonneTrading was inactive on Monday amid losses in the futures market, according to sources.Sellers in the...Read More
PRIVATE BLOG - Gold for the Week of 9/21/2020Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the most part little changed to firmer this morning, Monday September 21, with only December nickel in Shanghai showing a loss.But with Asian-Pacific equities and pre-market major western equity index futures weaker, the metals may face headwinds today.Dollar, US treasuries and gold all consolidating, waiti...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 $3.18...Read More
Key data from the pricing session in London on Friday September 18. Key drivers Sellers were reluctant to offer below $175 per kg and some deals were achieved at the top of end of the new range, pushing the assessment to its highest in 18 months. Chinese price rises had driven the European assessment up since early September, but domestic Chinese suppliers reduced their offer pric...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 transparency into the markets it covers and the pricing process...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 transparency into the markets it covers and the...Read More
Cobalt hydroxide prices and payables continued to firm last week as suppliers successfully held out for higher numbers amid optimism derived from China's State Reserve Bureau (SRB) stockpiling drive, and interest from consumers and the trade to restock.Fastmarkets' cobalt hydroxide index, 30% min Co, cif China was calculated at $11.94 per lb on Friday September 18, up 0.7% from $11.86 per lb on Se...Read More
Key data from the pricing session in the Shanghai on Friday September 18.Key drivers China's bismuth market weakens amid low buying interest; more participants have withdrawn from the market and are choosing to wait and see how prices will perform, while only demand from downstream industries remains stable. Producers continue to hold...Read More
Seaborne prices for both low- and high-grade manganese ore in China edged down in the week to Friday September 18 due to weakening sentiment caused by falling portside ore and futures alloy prices. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.29 per dry metric tonne unit (dmtu) on September 18, down by 3 cents, or 0.7%, from $4.32 per dmtu a week ago. The corresponding ma...Read More
Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China...Read More
Fastmarkets proposes to discontinue the publication of its trade logs for two Chinese fob vanadium price assessments. The proposal has been put forward based on the fact that the spot liquidity in China's vanadium export market has reduced after exporters have turned away from the overseas market due to higher domestic prices. The publication of the following two trade logs will cease from October...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in China.Note: European vanadium assessments are now published in a separate trade log. To view the latest price assessments, follow the links below: - Ferro-vanadium 78% V min, fob China, $/kg V - Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5 Thursday September 17 Ferro-vanadium -...Read More
Gold-focused royalty and streaming company Maverix Metals (TSX: MME; NYSE-AM: MMX) has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas.In exchange for the portfolio, Maverix will issue 12 million common shares to Newmont (TSX: NGT; NYSE: NEM) and pay the major US$15 million in cash - the two components are valued at...Read More
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) held its first traditional diamond sale since the coronavirus pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which has been largely shut down by Covid-19 travel restrictions, lower demand and low prices.Mountain Province, which...Read More
The Northern Miner and Canadian Mining Journal conducted a reader survey to gauge how the sector is faring through the Covid-19 pandemic, which began officially in March. The survey was open in July and August, with 384 people from the sector taking time to respond to a combination of multiple-choice and open-ended questions. Respondents represented principally mining and exploration companies, su...Read More
Wheaton Precious Metals (TSX: WPM; NYSE: WPM), one of the world's largest gold and silver streaming companies, plans to list on the London Stock Exchange (LSE) to boost exposure to European investors seeking precious metals deals.The Vancouver-based firm, which has a market capitalization of about $23 billion, is listed in Toronto and New York, where its shares have climbed about 75% this year.Whe...Read More