Global production volumes of manganese ore fell by 2.5% in August from July, following falls in output from Asia and Oceania, the Americas and CIS, the latest data from the International Manganese Institute (IMnI) shows.Global production fell to about 1.95 million tonnes of manganese units in August, which represented an increase 0.3% year on year, the latest data shows. Production from Africa an...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country's future development, but reliant on imported materials.And the base metals sector is one of the key areas, according to the chairman of Zijin Mining, Chen Jing-He. "Now we know the importance of securing the sup...Read More

Turkish steel producers stepped away from the deep-sea scrap market on the first working day of the week, while simultaneously negotiating lower prices, sources said on Monday October 5.Steel mills in Turkey had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Balti...Read More

Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More

Share this article CENTENNIAL - NioCorp Developments Ltd. is applauding an Executive Order issued by the White House this week providing several potential pathways for greater U.S. Government support of critical minerals mining and value-added supply chains.The Executive Order, signed on September 30, 2020 by President Donald J. Trump, declares that "it is the policy of the United States ... [to]...Read More

Nations have gone to war over it.Men have died in pursuit of it.Brothers have stabbed each other in the back for it.Gold has been the most coveted metal on the planet since the dawn of time. Yet despite all of our wicked desire for the yellow metal, there's one fundamental question we still can't answer about gold: Where did it come from?For decades, astronomers believed gold was formed in the cru...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index shot up 46.62 points or 4.6% to close the week at 1071.14 points.Momentum indicators remain volatile. MACD rocketed back up to 5.15 and triggered a new buy signal. RSI rebounded 15.5 points to 58.69.Support is now at 1047.58 (lower Bollinger band) and 1051.34 (50-day...Read More

The spodumene price cif China halted its multi-month downtrend at the end of September after customer inquiries for spodumene sourced from Western Australia increased, and sources told Fastmarkets they expect further rises.Spodumene mined from hard rock in Western Australia is a feedstock material used in the production of lithium chemicals that go into batteries for electric vehicles (EVs). Most...Read More

Most Turkish flat steel prices decreased toward the end of September 2020 and market sources expected further price reductions to come amid price falls for raw materials, Fastmarkets heard on Monday October 5.Turkish flat steel producers were fully booked through September, with trading sources reporting that the market was moderate for most of the month because of strong demand in Asia at the beg...Read More

Domestic prices for hot rolled coil in Europe were fairly stable day on day on Monday October 5, although buyers have been holding back from deals because of the long lead times on domestic coil, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot rolled coil index, domestic, exw Northern Europe, at ?,?493.33 ($577.94) per tonne on Monday October 5, up by ?,?2.30 per tonne fro...Read More

Domestic prices for steel hot-rolled coil across Europe inched up over the week to Friday October 2, although the price momentum has slowed down due to muted trading activity. Sentiment in the market, meanwhile, was largely upbeat over the assessment period. Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?491.03 ($575.24) per tonne on Friday O...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow were largely stable in the week to Monday October 5 on seasonally good demand from the construction sector, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was at 40,000 roubles ($510.93) per tonne on October 5, including 20% VAT, narrowing fr...Read More

Rebar buyers in Singapore continued to exhibit limited appetite for imported materials in the week to Monday October 5, with market sources saying prices had slipped due to the recent decline in global scrap prices.Offers for Turkish rebar were at $470-475 per tonne cfr Singapore on a theoretical weight basis, according to a major Singaporean buyer, which is down by $10-15 per tonne week on week....Read More

Buyers in the two biggest consumer markets have either been selling their holdings or borrowing against them. Continue...Read More

Turkish steel producers stepped away from the deep-sea scrap market on the first working day of the week, while simultaneously negotiating lower prices, sources said on Monday October 5.Steel mills in Turkey had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Balti...Read More

Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot. Tata Steel called this information "speculative" in a comment to Fastmarkets on Mon...Read More

In a world buffeted by political and social "noise," sector expert Michael Ballanger outlines his strategy for maximizing the worth of his portfolio. Before I wade into my Q4 strategy analysis, I have to tell you that prior to last Tuesday's "debate," I was leaning toward a "neutral" investment strategy largely based upon the 2016 outcome where heavily favored Hillary Clinton was upset by the Tr...Read More

New Found Gold reported it intercepted 41.2 g/t gold over 4.75 meters and 25.4 g/t gold over 5.15 meters at its new Lotto Zone discovery at its Queensway Project in Newfoundland. Stock photoIn a news release, New Found Gold Corp. (NFG:TSX.V) announced assay results from the first hole drilled targeting its newly discovered high-grade gold Lotto Zone. The results are the first to be reported from...Read More