Brazilian miner Vale is expected to compensate for most of the loss in output caused by the decommissioning of tailings dams by ramping-up other operations, analysts told Fastmarkets on Wednesday January 30.The company announced a potential 10% cut in its production guidance while decommissioning goes on. Vale intends to produce 400 million tonnes per year of iron ore from 2019 onward, but ending...Read More

Turkish deep-sea scrap import prices went up on Wednesday January 30 following another burst of fresh bookings completed at higher prices, sources told Fastmarkets.There were two cargoes booked from the United States.A steel mill in the Iskenderun region booked a US cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $310 per tonne cfr for February shipment.A second US cargo was booked by a mill...Read More

Seaborne iron ore prices surged above $80 per tonne on Wednesday January 30 amid market bullishness after Vale announced production cuts of 40 million tonnes per year due to the decommissioning of all its upstream tailings dams in Brazil.MB 62% Fe Iron Ore Index: $82.53 per tonne cfr Qingdao, up $3.84 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.37 per tonne cfr Qingdao, up $3.84 per tonne....Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, Global Ore,...Read More

China's hot-rolled coil prices spiked on Wednesday January 30 despite sellers winding down ahead of the Chinese New Year break, with developments in the iron ore market providing some upward momentum.DomesticEastern China (Shanghai): 3,780-3,800 yuan ($561-564) per tonne, up 40-50 yuan per tonneNorthern China (Tianjin): 3,720-3,740 yuan per tonne, up 30 yuan per tonnePrices rose during the day wit...Read More

The seaborne coking coal market strengthened further on Wednesday January 30 amid an emergence of higher bids.Bids for branded materials on trading platform Global Coal rose to $203 per tonne fob Australia during the day, compared with $189 per tonne fob a few days ago.Meanwhile, a top Australian brand was traded at around $208 per tonne cfr China via a miner's tender, according to various sources...Read More

Asian ferrous scrap prices are climbing due to steel mills looking to secure more steelmaking raw materials.This is on the back of possible iron ore supply cuts by key Brazilian miner Vale, which said it was expecting a production loss of 40 million tonnes while decommissioning all its upstream dams over the next three years."Steel mills in Asia are looking to purchase more ferrous scrap in case p...Read More

The US copper price built on previous momentum with optimism growing ahead of America and Chinese trade talks. The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped by 4.15 cents to $2.7665 per lb. Scheduled trade talks between the United States and China could be one reason for this, while US Federal Reserve policymakers are expected to hold intere...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday January 30 *Copper -$111.10 (-747.68 yuan) Aluminium -$354.98 (-2,388.97 yuan) Zinc -$89.45 (-601.97 yuan) Nickel -$494.85 (-3,330.23 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Nickel's three-month price on the London Metal Exchange continued its strong performance during morning trading on Wednesday January 30, moving past $12,300 per tonne for the first time since October 2018 amid a continued drawdown in LME supply. The metal's three-month price is up more than 15% from its 2018 low of $10,500 per tonne on December 31, while total LME inventory remains at its lowest l...Read More

Three-month base metals prices on the London Metal Exchange were for the most part still consolidating the gains seen at the end of last week, following weakness on Monday January 28, an up day on Tuesday, and now awaiting further direction.Three-month LME prices were up by an average of 0.2% on Wednesday morning, with the majority up between 0.1% and 0.3%, but with nickel up by 0.9% and aluminium...Read More

The following Fastmarkets minor metals prices changed on Wednesday January 30:Bismuth MB free market, $/lb: $3.70-4.10 per lb from $3.50-4.00Cobalt MB free market alloy grade, $/lb: $18.50-20.50 per...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 30:Aluminium ingotLM24 pressure diecasting ingot: ?1,415-1,465 per...Read More

The US copper premium remained at a multi-year high this week, with a significant stock cancelation at the LME's New Orleans warehouses failing to nudge it even higher; the Chinese cathode market was quiet before the Lunar New Year holiday and due to a negative import arbitrage. A total of 25,000 tonnes of copper was freshly canceled in New Orleans on Tuesday and Wednesday but US premiums were un...Read More

Prices for steel billet in Asia are likely to come under greater pressure in 2019 with demand for it as well as downstream long steel products expected to stay subdued amid an impending surge in new supply, sources told Fastmarkets MB."Regional demand is weak, so there is not enough room for everyone," a Vietnam-based trader said, referring to a string of new billet production capacity set to come...Read More

For the best editorial on Junior Mining visit - http://www.cambridgehouse.com/miningPeter Schiff (advisor to Gold MoneyInc.) and Roy Sebag (Men?") talk about different opportunities to invest in Gold.Join us at an upcoming event! http://www.cambridgehouse.comBe part of our investment community:http://www.cambridgehouse.com/https://twitter.com/cambridgehttps://www.facebook.com/cambridgehou...https:...Read More

Radio show linkhttp://tobtr.com/s/10976635https://www.gofundme.com/TheTrumpWallTo donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking Engagements kevinellerbecorner1@g...Read More

This helped offset a decline in the retail investment and jewellery segments, according to the GFMS Gold Survey released on Wednesday.Read More

Solgold CEO, Nick MatherSolGold [SOLG-TSX, LSE] said Thursday it is planning to make an offer to acquire all the outstanding shares of Cornerstone Capital Resources Inc. [CGP-TSX, CTNXF-OTC, GWN-F].If the offer succeeds, holders of Cornerstone who tender their shares to the offer will receive 0.55 of a SolGold share in exchange for every Cornerstone share tendered, SolGold said.However, readers of...Read More

Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] emerged as the volume leader on the TSX Venture Exchange Thursday after the company released final assays from phase two drilling on the Moosehead Gold Project in north-central Newfoundland.However, investors reacted to those results by sending the shares down 38% or $0.0...Read More