Limited demand is keeping European plate producers from achieving substantial transaction price increases, sources say.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was ?,?480-495 ($564-582) per tonne on Wednesday October 7, widening upward by ?,?5 per tonne from ?,?480-490 per tonne a week earlier.The assessment represents a few deals heard in the mark...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company said it did not expect a material impact on operations, including production or shipment of concentrate.Read More
American Pacific permitted to realise $2bn in valueSPONSOREDamerican pacific borate and lithiumPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesThe company welcomed recent moves by the US to reduce its reliance on foreign adversaries for critical mineral...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming.* US President Donald Trump changed his tune on Wednesday, from postponing stimulus talks with the Democrats to encouraging them to pass a string of single rescue packages to targeted areas.* Likewise, with Democrat...Read More
Fastmarkets is proposing to launch a weekly Pakistan import shredded steel scrap index to provide transparency to a market whose global prominence was recently demonstrated by its robust performance even during the most testing conditions of the initial Covid-19 pandemic.Pakistan is the world's fourth-largest steel scrap importer, according to figures from the Bureau of International Recycling (BI...Read More
Turkish steel mills broke their silence in the deep-sea scrap market on Thursday October 8, booking two cargoes after achieving lower prices, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $285 per tonne and 25,000 tonnes of shredded at $290 per tonne cfr.The same mill also booked a Baltic Sea cargo, consist of 24,000.....Read More
Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.Weaker scrap market sentiment across the globe in recent weeks, combined with unfavorable Bangladeshi steel prices, has led to mills in the country presenting scrap sellers with cheap bids over...Read More
Seaborne iron ore prices were stable with no visible activity on trading platforms or at Chinese ports on Thursday October 8, the last day of China's Golden Week holiday, while iron ore swaps gained slightly amid limited trading. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged 62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged 58% Fe fines high...Read More
Seaborne coking coal prices in the fob Australia market fell on Thursday October 8 amid limited demand, especially with China being absent, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $135.12 per tonne, down $2.48 per tonnePremium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $111.02 per tonne, down $2.50 per tonneHard coking coal,...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming. US President Donald Trump changed his tune on Wednesday, from postponing stimulus talks with the Democrats to encouraging them to pass a string of single rescue packages to targeted areas.Likewise, with Democratic...Read More
The cobalt alloy 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...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...Read More
The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.The EC initiated an investigation after receiving a complaint from European steel association Eurofer on June 28 last year. The complaint gave evidence of dumping by the countries conce...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is investing $6.2 million into Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) as the two companies announced they've signed an agreement to consolidate two adjacent land packages in Quebec into a 50-50 joint venture.The agreement, a binding term sheet, will combine Maple Gold Mines' 357-sq.-km Douay gold project in northern Quebec with Agnico's adjacent 39-sq....Read More
Equinox Gold (TSX: EQX; NYSE: EQX) has announced an increase in reserves and resources at its Mesquite open-pit heap leach gold mine in California, 56 km east of Brawley and 84 km northwest of Yuma, Arizona.According to the company, estimated proven and probable reserves increased by 142,267 oz. gold as of June 30, up 28% from the previous estimate in December 2019, and now stands at 37.8 million...Read More
Yamana Gold (TSX: YRI; NYSE: AUY) has been officially admitted on the London Stock Exchange, one of the world's oldest markets, where it will begin trading its shares on Oct. 13 under the ticker AUY.The precious metals miner said the listing will give European investors exposure to a pure-play senior gold producer with a portfolio of assets in mining-friendly jurisdictions in the Americas. The Tor...Read More
Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.Vinneth Bajaj, a senior mining analyst for GlobalData, said the increased demand would drive a corresponding upturn in lithium production over the same period."Lithium metal production is expected to reach 134,700 million tonnes versus 58,800 million ton...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter of 2020.The top 50 most valuable mining companies added US$80.2 billion in market capitalization over the three months to the end of September, thanks to surging gold and silver prices, iron ore prices f...Read More
Japanese miner and smelter Sumitomo Metal Mining is reviewing its strategic options regarding its minority stake in the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM.The Asian giant announced that selling its 45% holding in the mine was one of the routes to be explored with its financial and legal advisors, RBC Capital Markets and Sullivan & Cromwell LLP.KGHM, Eur...Read More