Prices for Japanese ferrous scrap continued to soften over the past week, but the scale of the decline was tempered by falling collection volumes, market sources told Fastmarkets on Wednesday April 1.Japanese H2 scrap prices have fallen by ?4,000 ($37) per tonne over the past seven weeks, and these weaker prices, together with slowing industrial activity due to the spread of the Covid-19 pandemic...Read More

Seaborne coking coal prices fell on Wednesday April 1, with buyers bearish and traders standing by. Fastmarkets IndicesPremium hard coking coal, fob DBCT: $144.90 per tonne, down $1.27 per tonnePremium hard coking coal, cfr Jingtang: $150.65 per tonne, down $3.60 per tonneHard coking coal, fob DBCT: $128.51 per tonne, down $2.50 per tonneHard coking coal, cfr Jingtang: $137.00...Read More

Seaborne iron ore prices managed to stay above $80 per tonne cfr on Wednesday April 1 despite weakening from a day earlier amid a softening rebar market in China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $82.49 per tonne, down $0.83 per tonne 62% Fe low-alumina fines, cfr Qingdao: $83.80 per tonne, down $0.28 per tonne58% Fe fines high-grade premium, cfr Qingdao: $71.48 per tonne, do...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Coronavirus continues to shape scrap markets but tighter supply may partly offset lower demandWe have downwardly revised our ferrous scrap price forecasts for the following few months and, as a result, for the whole year of 2020, with the Covid-19 outbreak outside China stalling the markets. The Fastmarkets' daily benchmark...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 88 points in pre-opening trade. Index futures were virtually unchanged following release of the March ADP Employment Report at 8:15 AM EDT. Consensus was a drop of 150,000 versus a gain of 183,000 in February. Actual was a drop of 27,000.AT&T dropped $1.06 to $28.09 after JP Morgan downgraded the stock from Overwe...Read More

China domestic rebar prices continued to decline on Wednesday April 1 amid a weakening futures market, which sapped buying interest. Eastern China (Shanghai): 3,390-3,420 yuan ($478-482) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,330-3,370 yuan per tonne, widened downward by 10 yuan per tonne Domestic prices in eastern China have fallen by 80 yuan per tonne over the first...Read More

China's domestic hot-rolled coil prices tumbled on Wednesday April 1 amid thin trading, which forced mills to lower their export offers to avoid bigger losses.DomesticEastern China (Shanghai): 3,220-3,240 yuan ($454-457) per tonne, down 50-60 yuan per tonneNorthern China (Tangshan): 3,200-3,210 yuan per tonne, down 40-50 yuan per tonneA Shanghai-based trader said trading activity during the day wa...Read More

Three-month base metals prices on the London Metal Exchange were capped during the morning session on Wednesday April 1, with the previous day's gains wiped out after a brief rally precipitated by positive data from China and month-end book squaring abruptly halted."Despite the release of better-than-expected data from China, the LME three-month base metals prices have started the new trading mont...Read More

A summary of China's largest vanadium producer, Pangang Vanadium & Titanium Co's, annual report in 2019. In brief  The Shenzhen-listed company's net profits in 2019 were around 1.42 billion yuan ($200 million), a year-on-year drop of 54.08% or 1.67 billion yuan.  ...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday April 1. Key drivers  Russia, a supplier of 40% of European ferro-titanium, is on lockdown due to the Covid-19 virus pandemic until next week and it could be extended.Russian producers are considering declaring force majeure should the lockdown continue beyond a week.  Titanium scrap prices are stable...Read More

China will extend the new energy vehicle (NEV) purchase subsidy and purchase tax exemption policy for two years in an effort to support consumption and mitigate the impact of the Covid-19 pandemic on the economy. Yet the measures may not be sufficient to drive lithium and cobalt market development significantly in the near term, Fastmarkets heard. Chinese Premier Li Keqiang announced at a State Co...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.This month's key ferro-alloy forecast highlights:While the ferro-alloy industry's initial response to the Covid-19 outbreak was marked by rising prices primarily in response to supply-side concerns, focus has now shifted somewhat. As Chinese activity slowly returns to more normal levels, for alloys with a strong Chinese produ...Read More

After months of virtual inactivity, supply worries from Russia, a major exporter of ferro-titanium to Europe, have sparked upward movement in European spot prices that may trend higher in the near term, trade sources told Fastmarkets. Fastmarkets' ferro-titanium 70% Ti, max 4.5% Al, ddp Europe price jumped by more than 10% week on week on Wednesday April 1 to $4.50-5.00 per kg from $4.10-4.50...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 resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideDay eight of self-isolation: not completely mental, but my socks have never been so neatly sorted.Read More

Over the last month, Orla Mining (TSX: OLA) has completed two deals that help pave the way for developing its Camino Rojo gold project in Mexico's Zacatecas state, 50 km southeast of Newmont's (NYSE: NEM) Penasquito mine.On March 26, the company unveiled a $75 million bought deal financing (36.6 million common shares at $2.05 per share). Newmont and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said th...Read More

Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property.The deposit's indicated resources have increased to 1.17 million tonnes grading 3.52% copper-equivalent for a total of 90.7 million lb. contained copper-equivalent metal, compared...Read More

Following the declaration of emergency on March 17 under the Emergency Management and Civil Protection Act in Ontario due to the COVID-19 pandemic, the ability of holders of unpatented mining claims to perform assessment work required under the Mining Act in Ontario will be difficult or impossible until the government ordered social distancing measures have been lifted.Although the Ministry of Ene...Read More

Luminex Resources (TSXV: LR) has unveiled a maiden resource for its Camp deposit, part of its Condor project in southeastern Ecuador, of 11.9 million inferred tonnes grading 2.95 grams gold equivalent per tonne for 1.1 million gold-equivalent ounces.Camp contains the highest grade gold mineralization of five deposits Luminex has outlined at Condor. At a 1.5 grams gold-equivalent per tonne cutoff g...Read More

South Africa's stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom.Read full newsRead More