Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources Editor's Note: Mining Journal is making some of its most important coverage o...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesEditor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here.The Tweet said that despite the company implementing a strict epidemiological boundary a worker died d...Read More

The price of steel rebar in Russia's Central Federal District around Moscow declined over the past week with trading limited by concerns related to the Covid-19 pandemic, sources told Fastmarkets on Monday April 6.Last week, Severstal and Tula Steel, key suppliers to the region, tried to push rebar prices to 36,000 roubles per tonne cpt, citing better seasonal demand.Rebar demand in Russia slows i...Read More

Prices for flat steel products in Russia's Central Federal District around Moscow declined over the past week with trading activity scaling down because of concerns about the Covid-19 pandemic, sources told Fastmarkets on Monday April 6.On April 2, Russian President Vladimir Putin extended a stay-at-home order to help to curb the spread of Covid-19 until April 30, well beyond the original end-date...Read More

Vehicle production in Brazil fell by 21.1% year on year in March due to lockdowns introduced to contain the Covid-19 pandemic in the last 15 days of the month, car manufacturer association Anfavea said on Monday April 6. Output was 189,958 units during the month, compared with 240,763 units a year before. Production also fell by 7% in comparison with February data, which was 204,200 units. Over th...Read More

British Steel is adjusting and pausing production at various sites due to a drop in demand, the company said on Friday April 3. British Steel chief executive Ron Deelen detailed some of the actions the company had taken during the Covid-19 virus outbreak, which included reducing production at various sites. "As we manage the internal and external challenges coronavirus brings, we'll take decisive...Read More

Three-month base metals prices on the London Metal Exchange were up across the board this morning, Monday April 6, as were gold and silver prices.Continued declines in the daily Covid-19 death tolls reported in Italy and France have lifted hopes that the virus can be brought under control, as seen in China. * China’s financial markets are closed on Monday for a public holiday, but other Asian...Read More

Turkish deep-sea scrap import prices have started to rebound on tightening supply, although no transactions have been made, sources told Fastmarkets on Monday April 6.Several sources reported a Baltic Sea offer at $240 per tonne cfr for HMS 1&2 (80:20), while mills' bids were no higher than $220 per tonne.The most recent deep-sea transactions were heard at the start of last week and put the HMS 1&...Read More

The Turkish domestic scrap market was stable over the past week but prices are expected to increase soon due to tightening supply, sources said on Monday April 6.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,380-1,515 lira ($206-226) per tonne on Monday, unchanged week on week.Long and flat steelmaker ??olakoglu maintained its buy price...Read More

Global ferrous scrap prices continued to move downward in the week ended Friday April 3, with reaction to the Covid-19 pandemic responsible for further lockdowns around the world, bringing trading to a halt in key export markets.Turkish import prices plungeUS export market pausesTaiwan import price dips on lower demandTrading remains at a halt in India.TurkeyPrices for scrap imported into Turkey f...Read More

Seaborne iron ore prices were flat on Monday April 6 at the end of the long weekend holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $83.30 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $84.42 per tonne, unchanged. 58% Fe fines high-grade premium, cfr Qingdao: $72.05 per tonne, unchanged. 65% Fe Brazil-origin fines, cfr Qingdao: $97.70 per tonne, unchanged. 6...Read More

Trading activity in the seaborne coking coal market was muted on Monday April 6 with the only clearing market at the moment - China -on holiday and ex-Chinese buying activity practically suspended on the Covid-19 virus' spread to downstream operations of steel mills.Fastmarkets IndicesPremium hard coking coal, fob DBCT: $133.42 per tonne, down $5.18 per tonnePremium hard coking coal, cfr Jingtang:...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 84 points in pter-opening trade. Index futures are responding to news that COVID 19 may have passed its peak in Europe and has started to slow its growth in the U.S. According to Morgan Stanley, "'The worst is behind us,' and risk-vs.-reward hasn't been this attractive in years".WTI Crude Oil slipped $0.70 to $27.63 af...Read More

The continuing growth of electric arc furnace (EAF)-based steelmaking in the United States raises questions about supplies of scrap to feed the furnaces.Industry observers' views remain mixed about how much tighter the availability of US ferrous scrap - particularly of such prime or factory scrap as No. 1 busheling and No. 1 bundles - will be once the expected big jump in domestic steelmaking capa...Read More

Key data from the pricing sessions in Europe, the United States and Asia for the week ended Monday April 6.EuropeKey drivers The silicon market weakened for both grades of material for the second consecutive week, amid sluggish demand in Europe. A few tonnes were booked at a price close to ?,?1,800 ($1,944) per tonne for 4-4-1 grade, while competitive bids were also heard...Read More

Canada-based ferro-titanium producer Metalliage is considering its options after local authorities in Canada said on Sunday April 5 that all non-essential business will be closed until May 4, extending its earlier order by three weeks.Metalliage has sought to avoid being shut, arguing that it provides an essential service so as to enable it to restart production at its Quebec-based plant. The plan...Read More

Italian stainless steelmaker Acciai Speciali Terni (AST) has resumed production, following a week of downtime in response to the coronavirus pandemic, sources told Fastmarkets on Monday April 6,Italian authorities ordered the closure of all non-essential production from March 23 to April 3, and then extended the lockdown until April 13.The decision was made after a jump in the death toll from Covi...Read More

The European high-carbon ferro-chrome market cemented its recovery over the past week, with industry sources reporting higher spot prices amid supply worries from South Africa and India, both of which are on multi-week lockdowns. The low-phosphorous price also ticked up week on week, as did Turkish lumpy chrome ore, while the UG2 index to China remained flat. Sources attributed the price rises to...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources Most analysts acknowledge that the flood of government stimulus spending will...Read More

The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More