The price of shredded ferrous scrap imported into India has fallen for a third week to its lowest so far this year on poor market conditions, sources told Fastmarkets on Friday August 2.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $308.75 per tonne on August 2, down from $311.50 per tonne on July 26.Offer prices for shredded scrap moved...Read More

Turkish steel producers have ended the week without making any deep-sea scrap purchases because of the weak demand for finished long steel products and billet, sources said on Friday August 2.Offers from the Baltic Sea region were heard around $295 per tonne cfr for HMS 1&2 (80:20) but customers in Turkey were not interested in prices at that level yet."Turkish mills do not want to buy scrap befor...Read More

Gerald Group subsidiary SL Mining has halted iron ore exports from Sierra Leone's Marampa mine to comply with a request from the new mining ministry, which is reviewing the terms of the current license agreement, Gerald told Fastmarkets on Friday August 2. Production at Marampa stopped on July 3 after a temporary suspension order issued by the new Minister of Mines and Mineral Resources, Foday Rad...Read More

Sentiment in financial markets has weakened further after US president Donald Trump announced the United States will impose a 10% tariff on $300 billion of Chinese goods from September 1. This sent equities scurrying for cover with the Nikkei, Hang Seng and CSI 300 off by an average of 2.2% on the morning of Friday August 2. The Dow Jones Industrial Average closed down by 1.05%. Gold prices r...Read More

More disruptions to trade relations between the United States and China have added to the gloom in the commodities markets on Friday August 2, including iron ore.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $107.73 per tonne, down by $7.95 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $106.23 per tonne, down by $7.95 per tonne.Fastmarkets' index f...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade.Index futures were moved lower following release of economic news at 8:30 AM EDT. Consensus for U.S. July Non-farm Payrolls was a drop to 165,000 from 224,000 in June. Actual was a slip to 164,000. Consensus for the July Unemployment Rate was a slip to 3.6% from 3.7% in June. Actual was...Read More

Sentiment in financial markets has weakened further after US president Donald Trump announced the United States will impose a 10% tariff on $300 billion of Chinese goods from September 1.This sent equities scurrying for cover with the Nikkei, Hang Seng and CSI 300 off by an average of 2.2% on the morning of Friday August 2, while gold prices approached recent highs again overnight as investors sou...Read More

Barring those for nickel and tin, base metals prices on the Shanghai Futures Exchange were all down during morning trading on Friday August 2 after a surprise tariff announcement from the United States escalated trade tensions with China.US president Donald Trump announced via social media platform Twitter on Thursday that the US will impose a 10% tariff on another $300 billion of Chinese goods fr...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices - Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb - Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $...Read More

The following Fastmarkets minor metals prices changed on Friday August 2:Minor metalsBismuth 99.99% Bi min, in-whs China, yuan/tonne: 42,000-43,000 yuan per tonne from 41,500-42,500 yuanCobalt alloy grade, in-whs Rotterdam, $/lb: $12.40-13.00 per lb from $12.35-12.90Cobalt standard grade, in-whs Rotterdam, $/lb: $12.20-13.00 per lb from...Read More

An overview of the China minor metals markets and the reasons for any price moves.Read More

Republicans and Democrats have stowed their axes, sunk their differences... and agreed to raise the debt ceiling.The government will remain in funds for the next two years - beyond the 2020 election, not coincidentally.The Wall Street Journal reads the truce terms:Congressional and White House negotiators reached a deal to increase federal spending and raise the government's borrowing limit, secur...Read More

With uncertainty swirling around the financial markets right now, many are warning about a financial storm brewing and how to navigate through it.Let's consider the storm elements in the world right now. The ongoing trade war is obviously a major concern, which is nowhere near being resolved. Growth is slowing in many parts of the world and central banks are preparing to begin cutting rates again....Read More

The market's been bouncing around lately, anxiously waiting to see it the Fed cuts interest rates next week. All indications now suggest that it will. The question is by how much?Minutes from June's Federal Open Market Committee (FOMC) meeting that were released earlier this month indicated support for a rate cut. Certain committee officials noted that as long as uncertainty still weighed on its o...Read More

Participants in the Southeast Asian ferrous scrap market expected spot prices to continue to rise throughout August in the face of higher domestic settlements in the United States, as well as bullish sentiment in Japan for the next Kanto Tetsugen auction.Buyers in the key import markets of Vietnam and Taiwan have accepted higher prices, Fastmarkets heard on Friday August 2, with only South Korea s...Read More

Shares of HudBay Minerals (TSX: HBM; NYSE: HBM) plunged 21.4% after a ruling by the U.S. District Court for the District of Arizona halted construction at the company's Rosemont copper-molybdenum project in the state.The court challenged the U.S. Forest Service's issuance of a Final Record of Decision (FROD) on the project and ruled to vacate and remand the FROD. The U.S. Forest Service issued the...Read More

Moderator: Trish Saywell, Senior Staff Writer, The Northern MinerPanelists: Steve Letwin, President and CEO, IAMGOLD, and Peter Marrone, Executive Chairman, Yamana GoldRead More

Peter Marrone, Yamana Gold Chairman, addresses delegates The Northern Miner's 2019 Canadian Mining Symposium at Canada House in London, U.K.Read More

Peter Corcoran, VP of Sandvik Mining and Rock Technology Canada, delivers a presentation at The Northern Miner's 2019 Canadian Mining Symposium at Canada House in London, U.K.Read More