Ferrous scrap prices in the main Mexican markets continued to improve in the week to Tuesday September 15 as a result of some buyers increasing their supply of the steelmaking raw material, market participants told Fastmarkets.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 6,400 pesos ($302) per tonne on Tuesday, up 200 pesos from 6,200 pesos...Read More

Cognizant (CTSH), a NASDAQ 100 stock moved above $69.26 extending an intermediate uptrend.Hong Kong iShares (EWH) moved above $22.94 extending an intermediate uptrend. Bank of New York Mellon (BK), an S&P 100 stock moved below $35.21 setting an intermediate downtrend.Citigroup (C ), an S&P 100 stock moved below $47.72 setting an intermediate downtrend.Pre-opening Comments for Tuesday Septe...Read More

Seaborne iron ore prices eased on Tuesday September 15 amid a market-driven price correction from the previous day's sky-high prices, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $128.52 per tonne, down by $1.65 per tonne.62% Fe low-alumina fines, cfr Qingdao: $128.90 per tonne, down by $1.32 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $118.02 per t...Read More

The seaborne premium hard coking coal fob index jumped on Tuesday September 15 following a transaction of premium mid-volatility hard coking coal in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $119.54 per tonne, up $6.31 per tonne Premium hard coking coal, cfr Jingtang: $126.60 per tonne, up $0.12 per tonneHard coking coal, fob DBCT: $95.26 per tonne, up $2....Read More

BHP has flagged inconsistent profits caused by volatile commodity prices as a key risk to its business."Impacts from the Covid-19 pandemic and other geopolitical and macroeconomic developments are expected to increase commodity price volatility. Volatility in the market will continue to translate into profit variability," the mining giant said in its annual report for its 2020 financial year ended...Read More

China's domestic rebar prices stopped rising on Tuesday September 15 after falling futures and rain weakened demand.DomesticEastern China (Shanghai): 3,700-3,720 yuan ($545-548) per tonne, unchangedContinual rain in eastern China slowed down the consumption rates of rebar at construction sites as well as the transportation of the long steel product.A weakening of the futures also reduced buying in...Read More

Key data from the Tuesday September 15 pricing session in London.Key driversCobalt metal prices edge higher; cheaper offers fade with some sellers setting their new target prices closer to $16 per lb citing a well-underpinned market on news that China's State Reserve Bureau will begin stockpiling metal. Lack of clarity...Read More

Credit insurance companies are decreasing the extent of the cover they offer, and are requesting more information from clients, in the wake of the Covid-19 pandemic, but ultimately the sector has been well supported by government schemes, according to Dutch specialist insurance broker Aon.Trade credit insurance gives protection to companies against bad debts caused by the insolvency or protracted...Read More

China-based minor metals producer Vital Materials has agreed to acquire the ceramic target business division of Samsung Corning Advanced Glass (SCG) - a joint venture between Samsung Display and Corning Incorporated - Vital told Fastmarkets on September 15.SCG's ceramic target business - in Gumi, South Korea - is an indium tin oxide, (ITO), indium zinc oxide (IZO) and indium gallium zinc oxide (IG...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, in-whs Rotterdam, $/lb at...Read More

The cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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 alloy grade, in-whs Rotterdam, $/lb at...Read More

Titanium Metals Corp (Timet), the last producer of titanium sponge in the United States, has indefinitely stopped producing the raw material, but will continue in its role as a leading global supplier of titanium metal products.The Warrensville Heights, Ohio-based company confirmed to Fastmarkets that it has wound down its sponge production out of Henderson, Nevada, in recent weeks."The melting op...Read More

Norwegian ferro-silicon producer Finnfjord Smelteverk will stop ferro-silicon production for two weeks from this weekend because of planned maintenance to its three furnaces, a source told Fastmarkets.The amount of production that will be lost is unclear, although output was down by about 3,500 tonnes when it carried out maintenance on one furnace in the third qu...Read More

Portside prices for both low- and high-grade manganese ore in China changed little over the week ended Friday September 11, with some alloy smelters retreating from the market after restocking to meet prompt production needs in the previous two weeks, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 35.70 yuan ($5.24) pe...Read More

Kore Mining (TSXV: KORE; US-OTC: KOREF) has released the results of a preliminary economic assessment (PEA) for its wholly owned Long Valley gold deposit in California's Mono County, which suggests low costs, both in terms of the up-front capital required, as well as during operations.In a news release, Kore highlights how the PEA has the "potential to generate strong returns while being in full c...Read More

Tectonic Metals (TSXV: TECT; US-OTC: TETOF) has released the first set of drill results from the 2020 drilling campaign at its Tibbs gold project, located in the Goodpaster mining district, 175 km southeast of Fairbanks, Alaska and 35 km from Northern Star Resources' (ASX: NST) Pogo mine. The 27-hole, 3,202-metre drill program focussed on the Michigan zone, where a new high-grade mineralized str...Read More

Simon Taylor, managing director of Oklo Resources (ASX: OKU), has acquired 400,000 shares of the company.The Australia-listed company is advancing its flagship Dandoko gold project in Mali, 30 km east of B2Gold's (TSX: BTO; NYSE-AM: BTG) Fekola project and 50 km southeast of Barrick Gold's (TSX: ABX; NYSE: GOLD) Loulo project.At the end of August, the company reported assay results of 12 reverse c...Read More

This week's episode features BHP's "Building a Better World Climate Change Briefing" that was broadcast to the internet on Sept. 10. Led by BHP chief executive officer Mike Henry, the webcast revealed how the world's largest mining company plans to address the challenges of climate change, including concrete steps it's taking to reduce Scope 1, 2 and 3 emissions. The presentation also included chi...Read More

Calgary-based lithium developer E3 Metals (TSXV: ETMC; US-OTC: EEMMF) announced the discovery of a new lithium enriched aquifer in south-central Alberta. The lithium enrichment was discovered in the Nisku aquifer, and the company says sampled lithium grades ranged up to 75 milligrams per litre (mg/L).The Nisku is laterally extensive across the company's permit area and is located just above anoth...Read More

BHP (NYSE: BHP; LSE: BHP) has frozen the salaries of its key executives for the coming financial year, while paying chief executive officer Mike Henry US$6.1 million for the first six months on the job.In its remuneration policy section of its annual report, the world's largest miner said that Henry, who replaced former boss Andrew Mackenzie in January, owed most of its salary to short- and long-t...Read More