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

Domestic auto bundle scrap prices in the Turkish market have increased slightly over the past week due to the weakening Turkish lira, sources told Fastmarkets on Monday October 5.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,040-2,320 lira ($263-299) per tonne on Monday, widening upwards from last week's 2,040-2,270 lira per tonne deliver...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

Hybrit, the fossil-free steel initiative joint venture by Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, has received 22 million Swedish Krona ($2.4m) from the Swedish Energy Agency for a comprehensive feasibility study, it said on Monday October 5. The pilot plant for the hydrogen direct reduction of iron ore started operation in Lule??, Sweden, on 31 August. P...Read More

Seaborne iron ore prices were flat on Monday October 5 due to Chinese market participants being away for a week-long national holiday, while the swaps in futures market inched up amid limited trading liquidity. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged 62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged 58% Fe fines high-grade premium, cfr...Read More

Seaborne hard coking coal prices in the cfr China and fob Australia markets were unchanged on Monday October 5 amid muted trading activity, according to sources.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.71 per tonne, unchanged. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged.Hard coking coal, fob DBCT: $114.02 per tonne, unchangedHard coking coal, cfr...Read More

The Cumbria County Council (CCC) Development Control and Regulation Committee resolved again to grant planning approval to West Cumbria Mining (WCM) to develop the Cumbrian Metallurgical Coal Project in the UK, the company said on October 2.The project will be named Woodhouse Colliery and is a new underground mine located on a brownfield site, to...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

Prices for seaborne iron ore concentrate and pellets rebounded in the week ended Friday October 2 amid rising futures, with tight supply of the latter providing additional support to the segment, according to sources.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $129.05 per tonne, up $2.17 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $143.52 per tonne, up $4.68 per tonne.Key...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...Read More

The cobalt alloy 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...Read More

Weak demand from the electronics sector continued to put pressure on tantalum prices in the week ended Friday October 2, with the concentrates market dropping to a fresh 2020 low.Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China, at $52.00-55.50 per lb Ta2O5 on Friday, down from the previous week's assessment of $56.00-57.75 per lb."Demand in the electronics sector has go...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More

An updated resource estimate for Caldas Gold's (TSXV: CGC) Juby gold project in Ontario, 15 km from Gowganda, features two open-pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 grams gold per tonne, and 47.1 million inferred tonnes at 0.98 gram gold per tonne.According to Caldas, the latest estimate has been updated to account for regulatory requirements, such as including...Read More

Osisko Metals (TSX: OM) has released assay results for four holes completed at the Central zone, around the O53 deposit, within its past-producing Pine Point zinc and lead project in the Northwest Territories.The drill holes, which returned high-grade intercepts from areas outside of the pit-constrained resource model, were designed to determine the vertical extent of the mineralization in the cor...Read More

The U.S. government is taking a US$25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country's reliance on supply chains dominated by China.The backing from the US$60 billion U.S. International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the p...Read More

The Dow Jones Industrial Average rose 1.87% to finish the week at 27,682.81 and the S&P 500 Index climbed 1.52% to 3,348.44. Spot gold increased US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.Shares of Cleveland-Cliffs rose US$1.15 to US$7.03 per share. Cleveland-Cliffs is buying "substantially all" of Luxembourg-based ArcelorMittal's operations in the United States in a US$1.4 billion...Read More

American Pacific permitted to realise $2bn in valueSPONSOREDamerican pacific borate and lithiumPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesThe consumer is seen to be so far removed from the business of discovery, development and extraction of commod...Read More

The S&P/TSX Composite Index rose 0.83% to 16,199.25 during the Sept. 28-Oct. 2 trading week. The S&P/TSX Global Mining Index increased 0.14% to 96.25, and the S&P/TSX Global Base Metals Index climbed 0.78% to 103.67. Spot gold jumped US$37.60 per oz., or 2.02%, to US$1,898.80 per oz., and the S&P/TSX Global Gold Index rose 0.78% to 361.57. Agnico Eagle Mines rose $1.36 to $105.99 per share. The...Read More

The S&P/TSX Venture Composite Index climbed 1.92% to finish the Sept. 28-Oct. 2 trading week at 708.60. Spot gold rose US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.New Found Gold jumped 72 ? to $2.68 on results from its first drill hole targeting the Lotto zone at its wholly owned Queensway gold project, 15 km west of Gander, Newfoundland. The company recently started a 100,000 metre drill...Read More