Eight employees of Brazilian mining giant Vale (NYSE:VALE) were arrested on Friday as part of an ongoing criminal investigation into the deadly dam disaster in the town of Brumadinho, which killed at least 166 people with over a hundred still missing.Four people from the German consulting group T? 1/4 v S? 1/4 d, the company that certified the safety of Vale's dams, were also detained.All of the V...Read More

Western Australia's historic mining town of Coolgardie, 550 kilometres east of Perth, was put on the map by one of the world's biggest gold rushes back in 1892. Read full newsRead More

Spot gold was steady at $1,312.56 per ounce as of 0419 GMTSomber U.S. retail sales fanned concerns of slowing economic momentum in the world's largest economy, while an unexpected increase in the number of Americans filing claims for unemployment benefits last week and a second straight monthly decline in producer prices in January dimmed investor sentiment.Published 23 Hours AgoUpdated20 Hours Ag...Read More

Q4 2018 was good for New Gold.The 2019 production guidance is a slight disappointment.The 2019 cost guidance is a big disappointment.New Gold share price will most probably remain below the $1 level for a better part of 2019.After the positive operational results were reported back on January 8, New Gold (NGD) share price improved notably. The new wave of optimism was initiated by 77,202 toz gold...Read More

Employers want to analyse information about staff but leaks and misuse are raising concernsRead full newsRead More

The market for pig iron exports from the Commonwealth of Independent States (CIS) strengthened further during the week ended Thursday February 14 because buyers in the United States, the key outlet, started to accept higher offer prices.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $335-340 per tonne fob Black Sea on February 14, up from $325-335 per tonne fob Black...Read More

Domestic prices for cold-rolled coil (CRC) in Europe have been largely stable over the past seven days but are expected to rise soon, sources told Fastmarkets this week.Transaction prices are expected to slowly rise, supported by upward momentum in hot-rolled coil feedstock prices, according to market participants, after some European steelmakers - including ArcelorMittal...Read More

Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been largely stable over the past week, but were expected to increase with support from the definitive measures applied after a regional safeguard investigation, sources told Fastmarkets on Thursday February 14.The European Commission (EC) has imposed definitive safeguard measures on a list of imported steel products, in the form...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate. Nickel's three-month price was the biggest downward move over the afternoon, with its price action down 1.6% amid continued negative risk-appetite, while dollar...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.The Singapore Exchange said its new high-grade iron ore futures, which are settled against the Fastmarkets MB 65% Fe Iron Ore Index, have seen over 3 million tonnes worth of transactions since its December 3 launch involving 30 market participants. There are indications that China mi...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday February 13 that are worth another look.The London Metal Exchange has extended the consultation period regarding its proposals on pre-trade transparency to March 1, it said in a note to members on Wednesday February 13.The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United Sta...Read More

Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate. Nickel's three-month price was the biggest downward move over the afternoon, with its price action down 1.6% amid continued negative risk-appetite, while dollar...Read More

The US copper price failed to rebound on Thursday morning in the United States, while market participants hold back from being too optimistic about recent developments in US and Chinese trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.65 cents to $2.7665 per lb.Positive sentiment surrounding US-China trade is also beginning to man...Read More

Seaborne iron ore prices nudged up on Thursday February 14 with traders heard taking cargoes, although buying from Chinese mills remained limited.MB 62% Fe Iron Ore Index: $88.32 per tonne cfr Qingdao, up $1.10 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.71 per tonne cfr Qingdao, down $0.35 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.61 per tonne cfr Qingdao, down $0.03 per tonne....Read More

Domestic buyers of hot-rolled coil (HRC) in Northern Europe have been resisting attempts to raise offer prices this week, sources told Fastmarkets on Thursday February 14.Transaction prices, however, were expected to rise in the near future, supported by higher offers for imported coil and increases in raw material costs, according to market participants."Prices have stabilized. The mills [in Nort...Read More

Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.The Singapore Exchange said its new high-grade iron ore futures, which are settled against the Fastmarkets MB 65% Fe Iron Ore Index, have seen over 3 million tonnes worth of transactions since its December 3 launch involving 30 market participants. There are indications that China mi...Read More

Global copper demand will outpace supply growth or at least stay in a tight balance for at least two to three years, according to the chief executive officer of Brazilian copper producer Paranapanema, Marcos Camara. "Even with concentrators expected to start operating in the next years, demand should keep growing at a healthy speed and there is a large number of mines heading to depletion around t...Read More

The US copper price failed to rebound on Thursday morning in the United States, while market participants hold back from being too optimistic about recent developments in US and Chinese trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.65 cents to $2.7665 per lb.Positive sentiment surrounding US-China trade is also beginning to man...Read More