Norsk Hydro learned some important lessons from its experiences following heavy rainfall at its Alunorte refinery in Brazil, particularly the need to improve community relations, chief executive officer Hilde Merete Aasheim said. Alunorte has been a "very difficult situation" for Hydro for the past 18 months, she told Fastmarkets during an interview in New YorkHeavy rainfall in Par?? in February l...Read More

Concerns about a possible round of auction for indium stocks held by the defunct Fanya Metal Exchange in the coming months re-emerged among Chinese market participants after the Southwest China's Kunming Superior People's Court announced the second trial result in an open court on Friday July 26, Chinese state news agency Xinhua reported.Kunming Superior People's Court decided to uphold the earlie...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday July 26 ChinaKey drivers The Chinese silicon export price has stabilized after a run of losses, with signs of stability in underpinning domestic market sentiment. The domestic market is reaching a floor, with silicon refiners tightening the spot material supply in response to continuing profit losses.Secondary aluminiu...Read More

The new system will contain all relevant information pertaining to mining titles including areas of restriction, national parks, socio-economic area of the locality and historical explorationRead More

By: Gary Savagehttp://blog.smartmoneytrackerpremium.com/Read More

Gold futures settled slightly higher Monday as a key midweek policy decision by the Federal Reserve loomed. August gold on Comex GCQ19, +0.22% added $1.10, or 0.1%, to end $1,420.40 an ounce, after the metal shed 0.5% last week based on the settlement for the most-active. It was the metal's first weekly loss in the past three weeks. Meanwhile, September silver SIU19, +0.06% gained 4.3 cents, or...Read More

Turkish steel mills have reported no bookings in the deep-sea scrap markets at the start of this week although they were still need to buy more material for August, sources said on Monday July 29.After booking four deep-sea cargoes last week, the mills stepped out of the deep-sea markets because of weak demand for finished long steel, those sources added."I believe the mills will need to buy few m...Read More

Turkish domestic scrap prices have remained unchanged over the past week because of the slowness of the finished steel markets in summer, sources said on Monday July 29.Almost all of the mills kept their buy prices for local scrap unchanged from the previous week.Only ID??, the long steel mill in the Izmir region,...Read More

The discount for No2-grade copper scrap in China widened this month on higher availability because Chinese buyers have quickly used up the import quotas granted by the government.The value for copper scrap No2 copper (birch/cliff), imported into China, 94-96%, LME/Comex discount, cif China, was $0.32-0.36 per lb on Monday July 29, compared with $0.29-0.35 per lb on June 24.Scrap material from Sout...Read More

With economic growth still deteriorating - the United States' second quarter gross domestic product (GDP) came in at 2.1%, compared with 3.1% in the first quarter - the markets have little to cheer about this morning, Monday July 29.Economic headwinds, geopolitical tension in the Middle East and in Hong Kong, combined with some record equity levels make for an unstable market platform.A likely US...Read More

* GRAPHIC-2019 asset returns:* Cash zinc at premium over three-month contract* Focus on U.S. Federal Reserve meeting (Adds closing prices, comment)By Pratima DesaiLONDON, July 29 (Reuters) - Copper prices rose on Mondaybefore planned U.S.-China trade talks and a flood of economicdata, while shrinking profits at Chinese industrial firmshighlighted the headwinds facing demand in the top consumingcou...Read More

Spot cobalt prices continued to grind lower in the international market in the week ending July 26, with traders showing a limited appetite to restock despite prices sitting at multi-year lows. Fastmarkets assessed the alloy-grade cobalt price, in-whs Rotterdam, at $12.45-13 per lb on Friday July 26, a fall of 0.8% from the previous assessment. Fastmarkets assessed the price for standard-grade cob...Read More

The Monday Market Minute Global stocks mixed ahead of a hectic week on Wall Street that includes more than 150 corporate earnings reports, a key reading of the domestic jobs market and a crucial Fed rate decision.Asia shares drift lower after a weaker-than-expected reading for China' industrial profits and reduced expectations for trade talks between Washington and Beijing.European shares gain a...Read More

China's hot-rolled coil sellers cut prices on Monday July 29 amid weak demand, while the news that the government will exempt some companies from winter production cuts also weighed on market sentiment.DomesticEastern China (Shanghai): 3,830-3,840 yuan ($557-558) per tonne, down 20-30 yuan per tonneNorthern China (Tangshan): 3,820 yuan per tonneSpot prices nationwide dropped following lo...Read More

Forbes, Business Insider, CNBC, The Wall Street Journal, Barron's, The Economist, The Financial Times... all have proclaimed: 5G is the new standard.The next generation of mobile communications promises far greater connectivity, with data transfer speeds 100 times greater than today's fastest networks.That means much faster mobile access to... well, everything.Waiting for mobile downloads will be...Read More

Abitibi Royalties Inc. (TSX-V: RZZ, OTC-Nasdaq: ATBYF) owns various royalty interests at the Canadian Malartic Mine near Val-d'Or Qu?(C)bec. We learned from Ian Ball, who is President and CEO of Abitibi Royalties, that one of the most important things about the Company is that it is debt free and, at any given day, $40 to $45 million of its value is in securities and cash on the balance sheet. The...Read More

Merchant bar quality (MBQ) steel prices in the United States remained flat month over month, although some sources reported seeing improved market activity in certain regions of the country.Fastmarkets monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US, remained at a 16-month low of $33.80 per hundredweight ($676 per short ton) on Friday July 26 after falling...Read More

Thank you for joining us in a weekly technical look at the mid-cap-oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index made a bid to break through 1130 resistance but could not close above 1125 and in the end dipped 6.39 points to close at 1116.39 for a nominal 0.56% loss. MACD dropped 0.37 points to -0.77. RSI fell 8.15 points to 49.56.Support is now at 1120.30...Read More

The Saudi Arabian government is planning to impose a new export duty on steel rebar, market participants told Fastmarkets on Monday July 29.No official announcement about a new duty had been made before the story was published in a local newspaper, which quoted a spokesperson from the Ministry of Commerce & Investment saying that the government will impose the duty soon.The...Read More

Slower buying activity and lower bids from customers have forced CIS wire rod suppliers to reduce their export offer prices at the end of this month, Fastmarkets learnt on Monday July 29.Russia-origin wire rod was available to foreign customers at $490 per tonne fob Black Sea, down by $10 per tonne week on week. A European trader was bidding around $485 per tonne fob. But this price was rejected b...Read More