Artemis all set thanks to unique approachSPONSOREDartemis resources"We reported on March 11 that we will need to raise $150 million to complete the feasibility study and for regional exploration and there are no changes to that, so within the next couple of weeks weRead More
Hot-rolled coil prices in the United States have gone down again, with market participants reporting even lower prices but noting that those price levels were not generating buying interest due to a lack of demand amid the Covid-19 pandemic.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $24.63 per hundredweight ($492.60 per short ton) on Friday April 17, down by 1.2%...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMarch quarter production from the DeGrussa copper mine in Western Australia was 17,936 tonnes of copper and 9352 ounces of gold at "extraordinarily low" C1 costs of US74c per pound of copper.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 resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditEditor's Note: Mining Journal is making some of its most important coverage of the C...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe First Environmental Court said this week it would Read More
Editor'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 hereThe funds are earmarked to support critical social initiatives and increased healthcare capacity, including procuring one million KN95 masks to be donated for healthcare...Read More
Prices for cold-rolled and galvanized sheet in the United States have declined, with the Covid-19 pandemic suppressing demand in many end-user sectors and automotive production halted. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US was at $34 per hundredweight ($680 per short ton) on Thursday April 16, down by 2.9% from $35 per cwt on April 9. Fastmarke...Read More
Trading activity in the CIS export billet market was limited in the week to Friday April 17, with customers in most outlets preferring to take a wait-and-see approach amid a lack of clarity over the future price trend.Market sentiment has not been helped by the approaching religious holidays in the Middle East and the weak demand for finished steel products resulting from the global response to th...Read More
Prices for flat steel in Turkey were mixed in the week to Friday April 17, with some prices moving higher and others lower, while demand improved slightly from last week, market participants said.Demand strengthened because stocks among buyers were low, Turkish sources said.Scrap prices continued to increase during the week on reduced availability. Fastmarkets' daily index for steel scrap, HMS 1&2...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved down again due to low market activity and decreasing import offers, sources told Fastmarkets on Friday April 17.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?453.33 ($492.61) per tonne on Friday April 17, down by ?,?1.67 per tonne from ?,?455 per tonne on April 16.Domestic HRC prices in t...Read More
The base metals and broader markets are upbeat this morning, Friday April 17, with equity indices and metals prices showing strong gains - this despite some grim data out of China this morning, which suggests the markets may have been expecting even worse data. Chinese gross domestic product (GDP) fell 6.8% in the first quarter and more recent data for March on fixed asset investment and retail sa...Read More
UK suppliers of steel scrap to domestic consumers have reported a decrease in their prices in the latest monthly settlements in April, following poor market conditions as a result of the Covid-19 pandemic, market sources told Fastmarkets on Friday April 17.Fastmarkets assesses the prices of trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA plate and structural (P&S) scrap.The pr...Read More
Austenitic stainless steel scrap prices for material imported into Europe increased this week because of tight supply, despite demand still being poor, Fastmarkets heard on Friday April 17.Fastmarkets' weekly assessment of the price for stainless steel scrap 18/8 solids, import, cif main European port, was ?,?890-910 ($967-989) per tonne on Friday, up by ?,?40-60 per tonne.This was the second cons...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 74 points in pre-opening trade. Index futures responded to encouraging signs that COVID 19 has passed its peak in the U.S.Gilead gained $8.26 to $84.88 after reporting encouraging drug tests that reduced COVID 19 symptoms. Boeing added $11.87 to 146.11 after announcing a resumption of commercial aircraft production at...Read More
The price of ferrous scrap imported into India moved up this week following continued increases in other global scrap markets, sources told Fastmarkets on Friday April 17.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $272.50 per tonne on Friday, up from $245.19 per tonne one week earlier.Trading remained on hold for many in the country, which remained...Read More
Turkish deep-sea scrap import prices stabilized at the end of the week with mills making four fresh bookings, market sources said on Friday April 17.A steel mill in the Iskenderun region booked a US cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $256.50 per tonne, 14,000 tonnes of shredded at $261.50 per tonne and 6,000 tonnes of plate and structural scrap (P&S) at $266.50 per tonne cfr.A st...Read More
Premium coking coal prices fell again on Friday April 17, with several market participants bearish for the near-term outlook due to subdued downstream demand amid weak global steel markets. Fastmarkets indices Premium hard coking coal, fob DBCT: $130.60 per tonne, down $0.34 per tonne Premium hard coking coal, cfr Jingtang: $135.75 per tonne, down $2.67 per tonne Hard coking coal, fob DBCT: $119.0...Read More
The three-month nickel price on the London Metal Exchange was the standout performer during morning trading on Friday April 17, pushing beyond the $12,000-per-tonne threshold for the first time in a month, while copper tested resistance at $5,200 per tonne. Nickel's outright price on the LME was recently at $12,035 per tonne, gaining $280 from Thursday's closing price of $11,764 per tonne and push...Read More
China's domestic hot-rolled coil prices were stable on Friday April 17 but trading activity fell, with market sentiment dampened by a drop in the country's gross domestic product in the first quarter - the first time in three decades.DomesticEastern China (Shanghai): 3,330-3,340 yuan ($470-472) per tonne, unchangedNorthern China (Tangshan): 3,260 yuan per tonne, unchangedA Shanghai-based trader sa...Read More
Key data from Fastmarkets' pricing session in London on Friday April 17.Key drivers Sellers were less inclined to demand a premium for alloy-grade units given slow activity in the spot market recently and headwinds from aerospace-industry closures. Alloy-grade prices were within $0.10 per lb of the standard-grade assessment on the low end. Market sources reported...Read More