Seaborne iron ore prices were flat on Thursday October 1 due to the start of the one-week Golden Week holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines high-grade premium, cfr Qingdao: $111.76 per tonne, unchanged65% Fe Brazil-origin fines, cfr Qingdao: $134.40 per to...Read More
Seaborne hard coking coal prices in the cfr China and fob Australia market were unchanged on Thursday October 1 amid a quiet market now that the Chinese Golden Week national holiday is underway.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.55 per tonne, unchanged. Premium hard coking coal, cfr Jingtang: $145.10 per...Read More
Export prices for Japanese steel scrap dipped again over the past week amid low demand from Taiwan and South Korea, market sources told Fastmarkets.They said that although prices continued to fall over the week, they were of the opinion that the market had bottomed out, at least for the short term."Prices are stable and the market will not weaken anymore. Supplier offers are very limited because t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Index futures responded to continuing talks to extend COVID 19 benefits.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims was 850,000 versus 873,000 last week. Actual was 837,000. Consensus for August Per...Read More
Base metals prices on the London Metal Exchange and pre-market western equity index futures were for the most part firmer this morning, Thursday October 1, albeit in quiet conditions with China, Hong Kong and South Korea closed for holidays and technical problems meaning the Tokyo Stock Exchange could not open.Japan's manufacturing purchasing managers' index (PMI) climbed to 47.7 in September from...Read More
Key data from Fastmarkets' pricing session in London on Thursday October 1. Key drivers Traders realizing prices toward $16 per lb, having held offers at this level for some weeks. Demand bright spots are appearing in economies that continue to reopen; foundry, automotive, medical sectors...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...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 grade,...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloys forecast highlights:Prices across most ore and alloy markets trended higher in September, buoyed by improving demand from steelmakers with the end of the summer holiday season in Europe and the United States, as well as maintained demand from Chinese steel mills. Tightening of alloy inventories...Read More
Tyre-Line, a UK wheel assembly manufacturer serving the caravan and automotive industry, sees opportunity for downstream demand growth going into 2021 after facing Covid-19 related challenges earlier in 2020. The company's managing director, Edward Musson, spoke to Fastmarkets in a recent interview after signing a supply contract with Alvance Aluminium Wheels for more than 35,000 wheels per year e...Read More
October 1, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide an update on exploration activities at its wholly-owned Langis Silver Project located in Ontario, Canada. During 2018 and early in 2020, Brixton drilled very high-grade, native silver over considerable widths near the historical shaft #3 of the Langis Project. The surface...Read More
Fall is traditionally the start of conference season and networking for the mining industry. Events including Mines and Money, the Northern Miner's Global Mining Symposium, Precious Metals Summit, Denver Gold Forum, and 121 Mining Investment have moved seamlessly on-line, and back to back video meetings are now the 'new normal' for executives and investors alike.The investments that flow from thes...Read More
The most recent drilling at Corvus Gold's (TSX: KOR; NASDAQ: KOR) Mother Lode property in Nevada targeted three vertically related zones at the 37-sq.-km property. Data from the eight holes reported continues to define a near-surface body of mineralization at the Upper Oxide zone, infill the Central Main zone sulphide resource with higher-grade intercepts, and outline a broad zone of mineralizatio...Read More
Aftermath Silver (TSXV: AAG; US-OTC: AAGFF) has signed an agreement with SSR Mining (TSX: SSRM; NASDAQ: SSRM) to purchase 100% of the Berenguela silver-copper project in Peru, 204 km from Arequipa.Under the deal, Aftermath Silver will purchase all of SSR Mining's shares in the Peruvian holding company that owns the asset, Sociedad Minera Berenguela S.A., for US$13 million in cash, $3 million in A...Read More
Hatch and LTK have confirmed that they are in the final stages of negotiating an integration of the two firms. Both organizations have agreed that they are closely aligned with similar long-term goals and a desire to help their collective clients solve their toughest challenges.Hatch is a consulting engineering and project implementation provider, with over 60 years of experience in the infrastruc...Read More
License to operate (LTO) remains, for the third consecutive year, the number one issue for miners, according to a survey by Ernst & Young with over 250 executives, while a shifting balance of power among the world's largest economies has created a new geopolitical risk.The annual EY Top 10 business risks and opportunities 2021 report shows 63% of executives view LTO as the biggest risk facing thei...Read More
Palladium One Mining (TSXV: PDM; US-OTC: NKORF) has extended the Kaukua South zone at its flagship Lantinen Koillismaa (LK) platinum-nickel-copper project in Finland, 190 km northeast of the port city of Oulu.Visual interpretation of 11 discovery holes from its Phase I drill program has extended the strike length of Kaukua South from 600 metres to 4 km and is interpreted as the fault-displaced ex...Read More
New Horizon beckons for gold minerSPONSOREDhorizon mineralsOceanaGold, leading social performance in gold miningSPONSOREDoceanagoldTrident aims to fill valuable nicheSPONSOREDtrident royaltiesRox eyes amazing Grace potentialSPONSOREDrox resourcesGlobal money supply growth rates have rocketed as governments respond to the economic consequences of the COVID-19 pandemic.Read More
U.S. President Donald Trump has signed an executive order declaring a national emergency in the mining industry, a move that seeks to curb the country's reliance on rare earths in his latest bid to end China's control of the market.The directive, issued late Wednesday night, asks the Interior Department to explore using the 70-year-old Defense Production Act to speed up mines development.It also c...Read More