Recent News

New manganese ore fot indices to increase transparency, aid trading

December 14, 2018 / www.metalbulletin.com

Fastmarkets plans to offer new manganese ore indices on a free-on-truck (fot) basis for both 37% and 44% material, normalized to the port of Tianjin, in an effort to deepen its coverage of the manganese market.The process to introduce the new indices has been initiated in response to demand from the market for stand-alone fot data.Interest in an independent port price has grown due to a great...Read More

INTERVIEW: Protectionism 'no bad thing' for minor metals, Anthony Lipmann says

December 14, 2018 / www.metalbulletin.com

The minor metals industry is facing turbulent times and increased volatility in all regions, but some things remain constant and there are always new opportunities if you know where to look, says former-chairman of the MMTA Anthony Lipmann. For Lipmann, owner of niche metals company Lipmann Walton and former chairman of the Minor Metals Trade Association, the constants include an "old fa...Read More

CSN to focus on pellet feed as it increases iron ore output to 38 mln tonnes by 2023

December 14, 2018 / www.metalbulletin.com

Brazil's Companhia Sider??rgica Nacional (CSN) plans to increase its iron ore production focusing on pellet feed products in the next five years, an investor presentation showed on Wednesday December 12. The company estimates iron ore output will reach 38 million tonnes per year (tpy) in 2023, a third more than the 28.5 million tonne guidance for 2018. CSN expects to produce 31.5 million...Read More

IRON ORE DAILY: Prices rise amid futures strength, lump premium up

December 14, 2018 / www.metalbulletin.com

Physical iron ore prices generally strengthened on Thursday December 13 following gains in futures and swaps markets, and lump premiums also increased.MB 62% Fe Iron Ore Index: $67.65 per tonne cfr Qingdao, up $0.92 per tonne. MB 62% Fe Pilbara Blend Fines Index: $66.92 per tonne cfr Qingdao, up $0.92 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $70.88 per tonne cfr Qingdao, down $0.12 per ton...Read More

Steelmaking Raw Materials Trade Log, December 13, 2018

December 14, 2018 / www.metalbulletin.com

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 oreBHP, Global Ore, 90,000 tonnes of 62% Fe Mining Area C fines, traded at the December average of two 62% Fe indices, plus a discount of $3.40 per tonne, laycan December 21-30.BHP, Global Ore, 80,000 tonnes of 62.5% Fe Newman Blen...Read More

COKING COAL DAILY: Fob Australia prices underpinned by impending industrial action

December 14, 2018 / www.metalbulletin.com

Seaborne coking coal prices moved higher on Thursday December 13, ahead of industrial action in Queensland, Australia that is expected to disrupt services of some coal rail lines in the state.A 50,000-tonne premium low-vol cargo was heard traded a $230 per tonne fob Australia, and a 20,000-tonne mid-vol cargo changing hands at $225 per tonne fob Australia. The trades resulted in Fastmarkets M...Read More

Port Hedland iron ore shipments shrink for 2nd month in November

December 14, 2018 / www.metalbulletin.com

Iron ore exports from Western Australia's Port Hedland contracted both on the year and on the month for a second month straight in November, a scenario unseen in at least three and a half years.The port shipped 39.39 million tonnes of the steelmaking raw material last month, down by 4.7% from a year earlier, after a 2% decline in October, according to data released by the Pilbara Ports Authority.N...Read More

ASIAN MORNING BRIEF 14/12: LME base metals buoyed by reduced China-US trade tension; EC likely to set quarterly steel quotas; Protectionism not bad for base metals, Lipmann says

December 14, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Friday December 14.London Metal Exchange base metal prices were broadly higher on Thursday December 13 due to an easing in China-US trade tensions, with the three-month zinc contract gaining ground due to historic low inventories. Read more in our live futures report.Here are how prices looked at the close of trading:The European Commi...Read More

LIVE FUTURES REPORT 13/12: Base metals boosted by calmer trade environment

December 14, 2018 / www.metalbulletin.com

Base metals were mostly higher at the close of trading on Thursday December 13 amid softening tension between the United States and China.Worries that the trade war between the US and China will only escalate in 2019 have softened in recent weeks, boosting base metals' prospects. "More positive steps from China on trade seem to be easing some of the concerns in the market, although traders are pro...Read More

CHINA HRC: Prices strengthen further on rallying futures

December 14, 2018 / www.metalbulletin.com

China's hot-rolled coil prices continued to rise on Thursday December 13 on strong gains in the futures market.DomesticEastern China (Shanghai): 3,770-3,800 yuan ($547-552) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, up 20 yuan per tonneA Hangzhou-based source told Fastmarkets MB that a few traders bought HRC from the spot market on seeing the surge in t...Read More

CHINA REBAR: Domestic prices mixed, export index down

December 14, 2018 / www.metalbulletin.com

China's domestic rebar prices were mixed on Thursday December 13, with those in east of the countryflat but those in the north up. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($549-555) per tonne, unchangedNorthern China (Beijing): 3,510-3,540 yuan per tonne, up 20 yuan per tonneStockists in eastern China were forced to keep their prices flat despite a rise in the futures market as they ac...Read More

US minor metals importers report oversupply after tensions ease

December 14, 2018 / www.metalbulletin.com

While tensions between China and the United States have eased amid a temporary 90-day truce, US minor metals importers are still sitting on heavy inventories after they increased imports ahead of a proposed 10% tariff that never appeared.Suppliers moved large amounts of indium and other minor metals into the US due to their concerns about the US-Sino trade war, Fastmarkets MB reported in late Augu...Read More

2018 CHINESE MINOR METALS FORUM: Six things we learned in Kunming

December 14, 2018 / www.metalbulletin.com

Fastmarkets highlights six key things we learned from the 2018 Chinese Minor Metals Forum that took place in in Kunming, China, on November 27-28. Bearish fundamentals dominate domestic gallium market Environmental inspections that resulted in cuts to Chinese alumina production in the first half of this year tightened supply of gallium and caused gallium prices to rise, Xiong Tian, strategic sourc...Read More

East Asian stainless steel prices fall on weak demand, trading slowdown

December 14, 2018 / www.metalbulletin.com

Import prices for stainless steel in East Asia declined over the past week, resuming a previous downtrend amid sluggish trading activity, soft demand and lower offers from suppliers trying to secure more orders.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,900-1,970 per tonne cif for the week ended Wednesday December 12, down $10-20 per...Read More

Chinese stainless steel prices retreat on weak demand

December 14, 2018 / www.metalbulletin.com

China's domestic stainless steel prices dropped slightly over the past week due to muted demand and bearish sentiment among buyers despite an agreement between the country and the United States to a 90-day truce to their trade war.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,062-2,149) per tonne including VAT...Read More

Barrick ends joint venture with ATAC Resources

December 14, 2018 / www.northernminer.com

Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month the company's head of project evaluation, Rod Quick, stated that manage...Read More

Reviewing MOST Hyped & Popular Skincare Products: Drunk Elephant, Farmacy, Krave & More! (Pt. 1)

December 14, 2018 / www.youtube.com

Hey guys! So you asked, we listened!! We rounded up the top skincare products of 2018 that claim to help with acne, breakouts, smooth texture and overall clear skin ??~oeWe review brands including Drunk Elephant, Farmacy, Krave, Thayers, Origins and more!! Because there are SO many different brands out there, this is part of the huge series so if you have any curiosities about any brands make sure...Read More

2 Uranium Stocks That Prove This Mineral Is Making a Comeback

December 14, 2018 / www.fool.ca

Let's take a trip back to 2011. Uranium is at one of its all-time highs in the last decade, and it seems like things will just continue this way for the foreseeable future.Then on Mar. 11, 2011, came a disaster. An earthquake and subsequent tsunami in Fukushima, Japan caused a nuclear power plant meltdown. Radiation released and caused a large-scale evacuation with two deaths reported.The tragedy...Read More

Chaarat's AIM suspension lifted

December 14, 2018 / www.mining-journal.com

The Kyrgyz-focused developer has agreed to hand over US$55 million for...Read More

Sokoman trades heavily on latest Moosehead assays

December 14, 2018 / resourceworld.com

Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] on Friday December 14 released more assay results from its Moosehead gold project on the island of Newfoundland, a move that sparked heavy trading in the shares.Sokoman was down 11.43% or $0.02 to 15.5 cents on volume of almost 7.6 million, making the junior the most acti...Read More

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