Cadence Minerals is poised to become a 20% shareholder in the Amap?? iron ore project in Brazil once the mine's current owner reaches a settlement agreement with its secured bank creditors. The London-based company and its joint-venture partners, Indo Sino Pte Ltd, have been in their own negotiations with the creditors and have offered a settlement involving a discount on the amounts owed by curre...Read More

Ferrous scrap prices across the global markets moved downward during the working week to Friday March 13 on lower confidence and reduced trading because of the continuing container shortage.Market stasis ends with lower prices in TurkeyUS export market expecting lower pricesPrices slip in Taiwan, VietnamIndian markets falter on poor conditions.TurkeyPurchases of cargoes from the deep sea market fi...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.13 March 2020US gasoline demand is still holding up 10 March 2020Global spread of Covid-19 derailing the world economy 4 March 2020COVID-19 wreaks disruption and destruction on metals & mining 28 February 2020Covid-...Read More

Turkish steel producers were absent from the deep-sea scrap markets at the start of the week amid the novel coronavirus (2019-nCoV) outbreak in the country, sources told Fastmarkets on Monday March 16.The mills in Turkey resumed their deep-sea bookings at lower prices last week after a long period of silence.The most recent booking from the Baltic Sea region at the end of last week put the HMS 1&2...Read More

RAPAPORT... Gemological Science International (GSI) has launched a new grading report for synthetic diamonds that states whether a stone has been through post-growth treatment, claiming to be the first major laboratory to offer this.The LGX Complete certificate will specify whether the stone was created using High Pressure-High Temperature (HPHT) or chemical vapor deposition (CVD), GSI said l...Read More

Turkish domestic auto bundle scrap prices continued to soften over the past week in line with the falling scrap import values, sources said on Monday March 16.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $272.97 per tonne on Friday March 13, compared with $279.45 per tonne on March 6.In a response to the downturn in the imported scrap values, some steel...Read More

Seaborne iron ore prices dropped marginally on Monday March 16, with market participants taking a wait-and-see approach amid macro-economic concerns over the global spread of the novel coronavirus (2019-nCoV).Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $90.88 per tonne, down $0.83 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $92.14 per tonne, down $1.38 per tonne 58...Read More

Seaborne coking coal prices were steady on Monday March 16 despite a flurry of trades, with Australia's Dalrymple Bay Coal Terminal (DBCT) removing the force majeure declaration after the weather improved over the weekend.Fastmarkets indicesPremium hard coking coal, fob DBCT: $163.05 per tonne, up $0.92 per tonnePremium hard coking coal, cfr Jingtang: $166.77 per tonne, up $0.09 per tonneHard coki...Read More

UK suppliers of steel scrap to domestic consumers have increased their prices for the latest monthly settlements to be delivered in March, marking a choppy period for the market so far this year, a trend that looks set to continue in April, market sources told Fastmarkets on Friday March 13.March contracts were up by ?10 ($12) per tonne after dropping by ?25 per tonne in February, which partiall...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSoap and avoiding unnecessary social contact have become mantras as there are now more than 145,369 cases confirmed and 5,429 deaths, but on the positive side of the ledger, 71,694 people haveRead More

China faces an oversupply of alumina this year because of reduced demand for aluminium, according to a government report released last week.A restriction on the expansion of alumina capacity could offer a solution to the situation, according to an aluminium operations summary report released by the raw materials department of China's Ministry of Industry & Information Technology (MIIT)."The outloo...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSimich acquired another 50,300 shares for A$181,714 between Wednesday and Friday of last week, paying an average of $3.61 per share. Sandfire shares fell as low as $3.Read More

The London Metal Exchange confirmed in a written statement on Monday that a ring-dealing member employee has contracted the novel coronavirus (2019-nCoV), further jeopardizing trading activity at its open-outcry trading venue."The LME was informed on Sunday that one member of staff of an LME Ring-dealing member has been diagnosed with Covid-19. A number of precautionary measures have been taken, i...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"Since January the movement of goods and people within Mongolia have been restricted within and across its border and this has further escalated recently as the first case of COVID-19 has occurred in the country," said Rio."Work on the underground project continues, however, progress is being slowed as a result of these measures,"...Read More

The three-month copper price on the London Metal Exchange was lower during morning trading on Monday March 16, slipping below the $5,400-per-tonne resistance level despite a sizable fresh cancelation, while the red metal's price continues to weaken with broad risk-aversion capping investment in commodity markets.Copper's underlying price on the LME was recently seen at $5,290 per tonne, its lowest...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe index put February's average at 91.5, up 1.4 from January.However it was a smaller gain for February than in previous years, of 1.6 to 90.6 in February 2019 and a gain of 2.1 to 94.1 a year earlier.Artemis all set thanks to unique approachSPONSOREDartemis resourcesObservations included China's smelter activity continued to be s...Read More

China's domestic hot-rolled coil prices gained on Monday March 16 in thin trading, boosted by a weekend buying spree following the news of the reserve ratio cut.DomesticEastern China (Shanghai): 3,510-3,530 yuan ($501-504) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,380 yuan per tonne, up 50-60 yuan per tonneMills in the north of China raised ex-works offers for flat steel inclu...Read More

The rout in the markets continued in early trading today, Monday March 16, with Asian equity indices down significantly and the pre-market Dow Jones Industrial Average Index (DJIA) futures already down by its 5% limit.Three-month base metals prices on the London Metal Exchange are down across the board by an average of 1.2%, in high volume of 11,892 lots, as at 6.43am London time. * Bank of Japan...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company processed 2.4 million tonnes of ore grading 1.93% copper after metallurgical recoveries that averaged 90.5% during 2019.The NX gold mine processed 158,275t grading 6.98 grams per tonne for 30,434oz gold and 19,641oz silver after metallurgical recoveries that averaged 85.7%.Artemis all set thanks to unique approachSPONSO...Read More

The rout in global markets continued in early trading today, Monday March 16, with Asian equity indices down significantly and the pre-market Dow Jones Industrial Average Index (DJIA) futures already down by its 5% limit.Three-month base metals prices on the London Metal Exchange are down across the board by an average of 1.2%, in high volume of 11,892 lots, as at 6.43am London time. Bank of Japan...Read More