Export prices for steel rebar and wire rod from Turkey have gone down over the past week in line with sluggish demand, sources said on Thursday March 12.The mills in the country mostly lowered their offers for rebar to $425-430 per tonne fob on an actual weight basis, from the $435-445 per tonne of last week, in an attempt to generate custom. But buyers' general price expectation was $420 per tonn...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company previously said the third resource for the discovery was due by the end of 2019, but has been quiet surrounding its progress. Overnight, SolGold said the update was due within four weeks.Read More

Seaborne coking coal prices were stable on Thursday March 12, though concerns about demand and weather-related worries continue to cloud outlook, Fastmarkets heard. Fastmarkets indicesPremium hard coking coal, fob DBCT: $159.56 per tonne, up $1.34 per tonnePremium hard coking coal, cfr Jingtang: $164.86 per tonne, down $0.81 per tonneHard coking coal, fob DBCT: $144.01 per tonne, unchangedHard cok...Read More

Seaborne iron ore prices moved up on Thursday March 12, with a bid for Brazilian Blend Fines coming in at $92 per tonne cfr China - lower than the previous traded price, but higher than some market participant estimates on Wednesday.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $90.75 per tonne, up $0.70 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $92.46 per tonne, up $1....Read More

The Dow Jones Industrial Average Index (DJIA) closed down by 5.9% on Wednesday, and in the pre-market this morning, Thursday March 12, the DJIA futures are down by around 4.4% - such is the continued fear in the market. Base metals on the London Metal Exchange and on the Shanghai Futures Exchange were down across the board by an average of 1% and 1.7% respectively, as of 7:50am London time. * Asia...Read More

Namzinc's Skorpion zinc refinery in Namibia resumed production in February 2020, a spokesperson for parent company Vedanta Resources confirmed to Fastmarkets on Thursday March 12."Further to the maintenance shutdown in November 2019, Skorpion Zinc resumed production in February 2020," the spokesperson said. The Namibian mine's refinery, part of Africa's largest integrated zinc operation, ceased pr...Read More

The three-month nickel price on the LME was lower during morning trading on Thursday March 12, selling-off some 2.4% of its outright price against broad macroeconomic risk-aversion, while a fresh rewarranting of some 16,656 tonnes added downward pressure.Nickel's underlying price on the London Metal Exchange was recently seen at $12,115 per tonne, a drop of more than 2% against Wednesday's closing...Read More

U.S equity index futures were lower this morning. S&P 500 futures were down 139 points. Index futures are responding to growing coronavirus fears.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the February Producer Price Index was a slip of 0.1% versus a gain of 0.5% in January. Actual was a decline of 0.3%. Excluding food and energy, co...Read More

The Dow Jones Industrial Average Index (DJIA) closed down by 5.9% on Wednesday, and in the pre-market this morning, Thursday March 12, the DJIA futures are down by around 4.4% - such is the continued fear in the market. Base metals on the London Metal Exchange and on the Shanghai Futures Exchange were down across the board by an average of 1% and 1.7% respectively, as of 7:50am London time. A...Read More

Base metals prices on the Shanghai Futures Exchange were all down at the close of morning trading on Thursday March 12, with investors' appetite for risk dented by broad economic concerns after the World Health Organization (WHO) declared the novel coronavirus (2019-nCOV) outbreak a global pandemic.The declaration by WHO on Wednesday comes after the virus, which causes the disease Covid-19, has ra...Read More

Key data from the Wednesday June 12 pricing session in London.Key driversDomestic suppliers increased offer prices further in response to higher crude indium prices amid tight remaining availability.Many crude indium producers could not resume operations after the prolonged Chinese New Year holiday break (January 24-February 2) due...Read More

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Cobalt hydroxide payables gave back some of their February gains this past week, with post-Lunar New Year restocking being replaced by more cautious buying while market participants expect the spread of the novel coronavirus (2019-nCov) to dent global economic growth, and with it, cobalt consumption.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was at 67-69% of the standar...Read More

A summary of the fourth-quarter and full-year 2019 financial results for Switzerland-based special and stainless steel producer Schmolz + Bickenbach (S+B).In briefThe company reported that the challenge in all its markets was having a significant effect on its financial figures. It also cited an "unusually strong and prolonged decline in demand" for all its main products, which led to a significan...Read More

Stainless steel prices in China have plunged over the past week on growing inventory levels, although market participants were optimistic that domestic demand showed signs of improvement."It's likely that Chinese prices are close to bottoming out because most companies have already resumed operations," a trader in northern China said.The lack of significant declines in raw material costs could als...Read More

Teck Resources (TSX: TECK.B; NYSE: TECK) announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals.This builds on a previously announced commitment to be carbon neutral across all operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the $20.6 billion (US$15.7 billion) Frontier oil s...Read More

Earlier this month, The Northern Miner's sister publication MINING.COM released its EV Battery Metals Index, which includes the first value measurement of metals used in batteries for the nascent electric vehicle industry. The full report is presented here.It is worth remembering that the first all-electric vehicle to use a lithium-ion battery - the Tesla roadster - only rolled off assembly lines...Read More

A pre-feasibility study (PFS) released by Foran Mining (TSXV: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan envisions a 3,600 t/d underground mine with on-site processing and tailings storage and the shipping of copper and zinc concentrates to offsite smelters. With a 9-year mine life, average annual production of 89.2 million lb. zinc and 27.9 million lb. copper, and $261 millio...Read More

O3 Mining (TSXV: OIII) has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone, which has now been traced over 500 vertical metres and over 100 metres to 200 metres along strike.Drill highlights from Bulldog include 33 metres of 1.9 grams go...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineCharts of equity price indices show precipitous declines over the past three weeks. In contrast, indust...Read More