"Whilst the market has been defibrillated, we think it will remain in intensive care for some time, although any improvement is good news for the smaller pure play producers with weak balance sheets," said BMO analyst Edward Sterck.Having suspended its third, fourth and fifth sightholder sales in March due to COVID-related disruptions, De Beers' sixth and seventh sales cycles yielded revenues of U...Read More
Copper concentrate treatment and refining charges (TC/RCs) rebounded in the week ending September 11, rising from an all-time low due to the improved spot availability of copper materials.TC/RCs fell to record lows in the week to September 4.Smelter purchases were mostly settled at high $40s/4 cents with very few parcels transacted at a TC level below or above that.On the mine-trade...Read More
The five-year contract extends the relationship between the two companies to at least 20 years, with Barminco having worked at Western Areas' Forrestania mine since 2005.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More
Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More
The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More
Jacques will step down from his role as an executive director and CEO of Rio, but will remain in the role until the appointment of his successor or March 31, 2021, whichever is earlier.Read More
In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Share this article CARDSTON - American Creek Resources Ltd. (TSXV: AMK) has reported that it has now completed a 450 line km high-resolution magnetic survey in combination with a LIDAR survey at the company's 100% owned Dunwell Mine gold and silver property located in the Golden Triangle of British Columbia.Genesis Aviation Inc. completed the High-Resolution Gradient Magnetometer survey in conjun...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
Share this articleSHERBROOKE - Canada's mining and minerals industry is important to communities across the country. Developing this industry in more responsible ways reduces environmental impacts and creates jobs. This will be more important than ever as we reopen the economy and plan our recovery from the COVID-19 crisis.??lisabeth Bri??re, Member of Parliament for Sherbrooke and Parliamentary...Read More
Share this articleCANBERRA, Australia - Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday."Significant stakeholders have expressed concerns about executive accountability for the failings identified," Rio Tinto said in a statement.By mutual...Read More
Chinese domestic battery-grade lithium carbonate producers kept their prices firm in the week ended Thursday September 10, with most customers maintaining a wait-and-see attitude, while the market in the rest of the world was flat.Sentiment in China's battery-grade lithium carbonate market was still bullish with offering prices remaining firm.Industrial-grade carbonate prices in China were slightl...Read More
Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More
A new poll by the Kaiser Family Foundation shows that 81% of Americans believe a coronavirus vaccine will not be widely available before the November election.And even if it is, most say they won't get it.The KFF credits safety concerns stemming from political involvement and rushed development as a leading factor in America's reluctance to get vaccinated against COVID.President and CEO of the fou...Read More
Indian mills were receiving significantly lower bids for their exports of hot-rolled coil with Chinese mills having cut their HRC export prices, Fastmarkets heard on Friday September 11."Chinese mills have dropped their HRC export offers, particularly for Southeast Asian destinations," one market participant said. "Indian mills will have to drastically cut their offer prices to stay relevant in th...Read More
The mood in the Northern European market for hot-rolled coil remained upbeat on Friday September 11, supported by reduced output from domestic mills, long lead times and the absence of "workable" import offers, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.01 ($563.46) per tonne on September 11, down by ?,?0.14...Read More