Seaborne iron ore prices increased on Friday August 16 with more deals concluded. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $89.57 per tonne, up by $1.13 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $89.95 per tonne, up by $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $89.50 per tonne, up by $1.28 per...Read More

China's domestic rebar prices were flat on Friday August 16, though trading activity increased slightly. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchangedNorthern China (Beijing): 3,610-3,630 yuan per tonne, unchangedRebar futures picked up earlier in the day, which stimulated buying interest in the spot market. The benchmark rebar contract on the Shanghai Futures...Read More

The seaborne coking coal market resumed its downtrend on Friday August 16, with a widening price gap between low-vol and mid-vol cargoes reflecting relatively stronger demand for higher-quality products.A cargo of premium mid-vol hard coking coal traded at $160 per tonne cfr China, sources told Fastmarkets during the day. The transaction price is about $10 per tonne lower than that for a low-vol c...Read More

Against the background of heavy economic and geopolitical clouds, markets are getting some lift on Friday August 16, presumably since they have absorbed all the latest gloomy news on global economy, trade, the unrest in Hong Kong and debt default concerns in Argentina. Gold, the yen and US and German government bonds, remain in high demand, which highlight the cautionary stance investors hold and...Read More

China's hot-rolled coil prices recovered some losses on Friday August 16 after trading activity returned to moderate levels, which led mills to turn down low bids in the export market.DomesticEastern China (Shanghai): 3,720-3,730 yuan ($529-530) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,720 yuan per tonne, unchangedHRC futures largely trended upward during the day, which led to t...Read More

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

The Russell 2000 Index moved below support at1460.49 setting an intermediate downtrend.The Dow Jones Transportation Average moved below support at 9715.20 setting an intermediate downtrend. StockTwits released yesterday @EquityClockU.S. Telecommunications iShares $IYZ moved below $27.80 completing a double top pattern.US #Retail Trade up 3.0% (NSA) in July, much stronger than the unchanged re...Read More

The following Fastmarkets minor metals prices changed on Friday August 16:Minor metals Antimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,900-6,100 per tonne from $5,950-6,150Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,750-6,000 per tonne from $5,800-6,000Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb: $2.75-2.95 per lb from $2.80-2.95Bismuth 99.99% Bi min, in-whs...Read More

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

The price range for grade-304 cold-rolled stainless sheets narrowed upward this week while participants increasingly expect monthly alloy surcharges for September to rise substantially, Fastmarkets heard on Friday August 16.Fastmarkets' assessment of the price for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe was ?,?2,230-2,250 ($2,482-2,504) per t...Read More

Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.The EU earlier this week initiated an anti-dumping investigation into imports of such products from China, Indonesia and Taiwan.The EU probe could further limi...Read More

The biggest stumbling blocks to older workers are…Avoid putting this red flag on your resume…Nothing ages someone more in an interview than…Dear Rich Lifer,Finding work in your 50s or 60s is no easy task, but new and somewhat surprising employment data suggests that prospects are improving, especially for older job seekers.One big reason?This is the tightest labor market in nearl...Read More

Holiday absences in the key markets of South Korea and Japan have limited spot trading in ferrous scrap in the week ended Friday August 16, with only a limited number of transactions heard concluded to Taiwan.Japanese exporters were not offering much material because most market participants were on vacation."Sellers in both the United States and Japan will probably lower their offers next week, w...Read More

Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More

Alexander Gysi, assistant professor of lithogeochemistry in the Department of Geology and Geological Engineering at Colorado School of Mines, was recently awarded a National Science Foundation CAREER Award to further his work on rare earth elements.His project, "Partitioning of Rare Earth Elements (REE) Between Minerals and Aqueous Fluids in Ore Deposits," will receive $577,485 in funding over fiv...Read More

In June, Cobalt 27 Capital's (TSXV: KBLT) board agreed to a $501-million takeover offer from Pala Investments, which already owns 19% of the company.Cobalt 27 has a cobalt stream on Vale's (NYSE: VALE) world-class Voisey's Bay nickel-copper-cobalt mine in Labrador beginning in 2021; holds an 8.5% joint-venture interest in the producing Ramu nickel-cobalt mine in Papua New Guinea; owns one of the w...Read More

Premier Gold Mines (TSX: PG) is convinced it can add years to the mine life at its 2,000-tonne-per-day Mercedes gold-silver mine in Mexico's Sonora state."We've got about a four- to five-year mine life based on current reserves, and that was the life when we bought it in 2016, so we've been successful in replacing reserves every year," the company's president and CEO, Ewan Downie, tells The Northe...Read More

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