Domestic prices for E8 grade ferrous scrap in Italy have picked up slightly in February following the positive trend settled in the international scrap markets, sources told Fastmarkets on Friday March 15.Fastmarkets' monthly price assessment for Italian grade E8 scrap was ?,?285-295 ($322-334) per tonne delivered on March 15, up compared with ?,?280-290 per tonne delivered in the previous month.T...Read More

Prices for light iron steel scrap in the United Kingdom have slipped at the top end of the current range amid steady trading, with the market buoyed by a recovery in export prices so far this month, sources told Fastmarkets on Friday March 8.The inter-merchant light iron scrap price, which dropped ?5 ($6.60) per tonne last week, has been reacting to a fall in export prices in late February, altho...Read More

The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened on resumed sales to the United States, which is the key outlet, Fastmarkets was told on Thursday March 14.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $340-350 per tonne fob Black Sea on March 14, widening upward from $340-345 per tonne fob a week before.One deal was h...Read More

Forward cargoes of seaborne coking coal continued to fetch lower prices on Friday March 15 while those for April-laycan shipments held steady.On the Global Coal trading platform, a July-laycan cargo in the branded segment was traded at $196 per tonne fob Australia, while a bid for an April-laycan cargo in the same segment was made at $212.50 per tonne, up $0.50 per tonne from the last bid. The tra...Read More

Participants in China's rebar market reacted differently to the impending reduction of value-added tax in the country, resulting in a widening of domestic prices on Friday March 15.Domestic Eastern China (Shanghai): 3,800-3,860 yuan ($565-574) per tonne, widened by 10 yuan per tonne on both ends Northern China (Beijing): 3,790-3,850 yuan per tonne, widened upward by 20 yuan per tonneChina's value-...Read More

China's domestic hot-rolled coil prices moved down on Friday March 15 due to inactivity and declining futures following the announcement of cuts to the country's value-added tax. DomesticEastern China (Shanghai): 3,790-3,810 yuan ($564-567) per tonne, down 40 yuan per tonneNorthern China (Tianjin): 3,750-3,770 yuan per tonne, down 10 yuan per tonneTrading activity was lower than that on Thursday w...Read More

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

The following Fastmarkets minor metals prices changed on Friday March 15:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,400-7,700 per tonne from $7,500-7,800Bismuth MB free market, $/lb: $3.40-3.90 per lb from $3.55-3.90Bismuth MB China domestic, yuan/tonne: 46,500-48,500 yuan per tonne from 47,000-49,000 yuanChromium MB free market alumino-thermic, $/tonne: $8,550-9,200 per tonne from $...Read More

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

Three-month base metals prices on the London Metal Exchange were mixed this morning, Friday March 15, with copper, aluminium and nickel up by an average of 0.6%, while zinc, lead and tin were down by an average of 0.6%. Three-month copper was recently quoted at $6,449 per tonne, up by 1% compared with Thursday's close at $6,385 per tonne. Volume was significantly above average, with 19,661 lots tr...Read More

Prices for long and flat stainless steel products in Europe were stable this week, with market participants reluctant to accept higher offers, sources told Fastmarkets on Friday March 15.Fastmarkets price assessment for grade-304 cold-rolled (CR) sheets, delivered to Northern Europe, was unchanged week on week at ?,?2,100-2,150 per tonne on March 15.Offers were heard at ?,?2,200 per tonn...Read More

Import prices for ferrous scrap in Asia generally rose further this week amid steady buying interest and higher offers, market participants told Fastmarkets.Rising scrap values in Turkey and Japan continued to support market sentiment and encouraged sellers to maintain or increase their asking prices, sources said.VietnamSteel mills in Vietnam were still looking to buy scrap this week, especially...Read More

Fastmarkets today launches a monthly price assessment for Ferrous scrap No E40 (shredded steel scrap), delivered to mill, Italy, ?,?/tonne.After a one-month consultation period, Fastmarkets has launched a monthly assessment for Ferrous scrap No E40 (shredded steel scrap), delivered to mill, Italy, ?,?/tonne.The consultation period ended on March 14, with the assessment coming into effect from Marc...Read More

Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equiv...Read More

Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of US$394.3 million - a 255.4% jump over 2017's US$110.9 million - driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.Revenue of US$1.2 billion was...Read More

The mining industry gathered in Toronto in early March for PwC Canada's fourth annual Art of Mining event, which showcases mining innovation through a photo competition.This year's contest featured 20 photo submissions from projects and actors across the globe.With more than 2,000 votes cast, the grand prize went to Tugliq Energy and Raglan Mine, a subsidiary of Glencore, which received a $10,000...Read More

Ezra Levant of TheRebel.media just returned from reporting on Tommy Robinson's case, accusing Cambridgeshire police of harassment. He has all the details, and takes your comments and questions via Super Chat!Go to YouTube every Friday at noon ET to be a part of the "super chat." MORE: https://www.therebel.media/battlegroundHave your say: For $2 to $4.99 you can comment 50 characters.But for $5-$9....Read More

In January, I wrote how Guyana Goldfields (TSX:GUY) could have 1,000% upside in 2019. Specifically, I noted how the stock trades at a “heavy discount to its competitors, at just 0.2 times its net asset value.”Since my article was published, shares have sunk a further 16%. Is there still massive upside to Guyana stock this year or are shares a classic value trap?Consider the latest new...Read More

Host of TFMetals Report Craig Hemke tells Silver Doctors the recent pullback in gold and silver was a result of being overbought. Hemke expects a rally with the FOMC meeting Wednesday. The $1360 level for gold is a key resistance level. Some catalyst, such as further easing from central banks will be necessary to launch gold past that level.Hemke explains how the price setting of gold is different...Read More

Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to p...Read More