Seaborne iron ore prices fell on Thursday August 1, tracking a downtrend in the futures market.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $115.68 per tonne, down $1.47 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $114.18 per tonne, down $1.47 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $115.88 per tonne, d...Read More

Fastmarkets is extending until August 31 the consultation period for its proposal to launch a daily containerized steel scrap cfr Vietnam assessment.Fastmarkets made this decision because responses to the original consultation so far could not definitively define the liquidity of a daily spot market and its suitability for a daily price assessment.The proposed specification is as follows:Assessmen...Read More

The iron ore market continued to trend upward in July, with prices for 62% Fe materials rising to $120-per-tonne levels, which have not been seen since February 2014. Steady demand for steel products sustained prices for iron ore, and even production curbs in China's steelmaking hub of Tangshan implemented last month to improve air quality did not reverse the direction of the market, several sourc...Read More

Equities sold off after the US Federal Open Market Committee (FOMC) suggested that its rate cut was simply a mid-cycle adjustment rather than the start of monetary easing; the US Dow Jones Industrial Average closed down by 1.23%. Metals followed equities lower but better Chinese manufacturing purchasing managers’ index (PMI) data may provide support; China’s Caixin PMI climbed...Read More

Stainless steel prices in East Asia declined over the past week with demand remaining sluggish after producers raised their offers in response to a strengthening nickel market.For instance, Yieh United Steel Corp (Yusco) and Tang Eng Iron Works - two major mills in Taiwan - announced at the end of July that they would increase their offers for grade 304 stainless hot-rolled and cold-rolled product...Read More

China's hot-rolled coil exporters lowered their offers on Thursday August 1 amid a declining domestic market.DomesticEastern China (Shanghai): 3,810-3,820 yuan ($553-555) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,810 yuan per tonne, down 10 yuan per tonneSpot prices dropped even though mills kept their official ex-works prices steady, with trading activity reported as being thi...Read More

Weakening demand coupled with declining futures weighed on China's rebar prices on Thursday August 1. Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($562-568) per tonne, down 20-40 yuan per tonneNorthern China (Beijing): 3,820-3,850 yuan per tonne, widened downward by 10 yuan per tonneRebar demand in the construction sector continued to drop due to bad weather. Rain has been forecast over la...Read More

Three-month base metals prices on the London Metal Exchange were predominantly lower during morning trading on Thursday August 1, with zinc futures topping losses with a 2% price drop. The US Federal Reserve's decision to cut interest rates by 25 basis points for the first time in a decade on Wednesday led investors to reduce risk-exposure, with commodity prices selling off as a result. Zinc's thr...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the Weekly Jobless Claims report at 8:30 AM EDT. Consensus was an increase to 213,000 from revised 207,000 last week. Actual was 215,000.Shopify advanced $23.69 to $341.57 after reporting higher than consensus second quarter earning...Read More

Key data from the Wednesday July 31 pricing session in Shanghai and London. Key drivers  Cobalt hydroxide payables recover slightly in the second half of July alongside a slight recovery in cobalt sulfate prices in the last week of the month. Greater optimism in China comes from falling standard grade cobalt prices, which eases production margins.  Inquiries and business both...Read More

China's imports of manganese ore from Ghana in the first half of 2019 overtook imports of Australian ore, Chinese customs figures show. China imported 2.58 million tonnes of ore from Ghana in the January-June this year compared with 2.39 million tonnes of Australian ore. In the same period of 2018, China imported 1.26 million tonnes of manganese ore from Ghana and 2.27...Read More

Advanced Metallurgical Group (AMG) reported a 53% year-on-year drop in second-quarter earnings before interest, tax, depreciation and amortization (ebitda) because of declines in vanadium and chrome prices.The Amsterdam-listed group's ebitda came in at $23.8 million, a drop from $50.7 million in the second quarter of 2018.It attributed the drop in ebitda mainly to the group's critical materials bu...Read More

Equities sold off after the US Federal Open Market Committee (FOMC) suggested that its rate cut was simply a mid-cycle adjustment rather than the start of monetary easing.Metals followed them lower but better Chinese manufacturing purchasing managers' index (PMI) data may provide support.The US Dow Jones Industrial Average closed down by 1.23%China's Caixin PMI climbed to 49.9 in July from 49.4 in...Read More

Russian steel and vanadium producer Evraz's sales of final vanadium products in the second quarter rose by 29.7% on a quarterly comparison to 3.27 million tonnes, the company said in a trading update on Wednesday July 31. This was up from 2.52 million tonnes of pure vanadium produced in the first quarter of 2019. But sales were down 10.4% in the first half of 2019 to 5.78 million tonnes from 6.46...Read More

Steady demand failed to sustain the upward momentum for domestic stainless steel prices in China over the past week amid softening nickel futures.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,700-15,000 yuan ($2,135-2,179) per tonne including value-added tax for the week ended Wednesday July 31,...Read More

Peter Aaen is the new head of the Electrical Engineering Department at Colorado School of Mines.He joins Mines from the University of Surrey (UK), where he served as a reader - the British equivalent to full professor - in microwave semiconductor device modeling since 2013. In 2016, he was also appointed as director of the South of England branch of the National Physical Laboratory, the U.K.'s nat...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsMy column last week drew attention to the consequences for gold miners of gold bullion inves...Read More

(Reuters Breakingviews) - The word most frequently used by Greeks to describe th...Read full newsRead More

Following a two day monetary policy meeting, the US Federal Reserve announced that it will cut interest rates by a quarter point.Read full newsRead More

NV Gold Corporation (TSXV:NVX, OTC:NVGLF) ("NV Gold" or the "Company") is pleased to announce that the Company will commence drilling at both the Slumber ("Slumber") and Frazier Dome ("Frazier") Gold Projects in August 2019.Read full newsRead More