Seaborne iron ore prices slipped on Thursday December 6, with futures and swaps markets weakening, while buyers remained cautious over big tonnages.MB 62% Fe Iron Ore Index: $66.59 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.86 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $70.13 per tonne cfr Qingdao, down $1.08 per tonn...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. ...Read More

Seaborne coking coal spot market quietened down on Thursday December 6 amid an absence of bids."The bid that had been increasing in the past one-and-a-half weeks - from $205 per tonne fob Australia to $235 per tonne fob Australia - is now gone following the emergence of a counter offer," a Chinese trading source said.The source was referring to the bid made for a branded January-loading shipment o...Read More

Iron ore producer Vale will use a 65% Fe iron ore index to price its pellets next year, moving away from using a 62% Fe iron ore index as the base price for such cargoes, executive director Peter Poppinga said this week.Speaking at the company's investor day at the New York Stock Exchange on Tuesday December 4, Poppinga said the decision made sense as the 65% Fe iron ore and pellet [pric...Read More

China's ferrous futures mostly weakened during morning trading on Thursday December 6, with the exception of the coking coal contract, which inched up.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,395 yuan ($495) per tonne, down 23 yuan per tonneMay hot-rolled coil: 3,319 yuan per tonne, down 4 yuan per tonneDalian Commodity Exchange May iron ore: 470.50 yuan per...Read More

China's domestic hot-rolled coil prices were mixed on Thursday December 6 due to differing levels of demand between the major markets, while a shipment that was sold at an unexpectedly low range weighed on the export segment.DomesticEastern China (Shanghai): 3,750-3,780 yuan ($547-551) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,610-3,620 yuan per tonne, down 20-30 yuan per tonne...Read More

China's domestic and export prices for rebar fell further on Thursday December 6, with a pessimistic outlook for supply and demand emerging in the market.Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($566-571) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,560-3,590 yuan per tonne, down 30-40 yuan per tonneRebar futures tumbled during the day, which weighed on spot prices. Buy...Read More

The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price quotation, click here.To see all Fastmarkets pricing methodology and specification documents go to: https://www.metalbulletin.com/prices/pricing-methodology.ht...Read More

Base metals prices, bar those for zinc, on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Thursday December 6, with lingering concerns surrounding the trade tensions between the United States and China causing prices to soften.Despite positive trade headlines on Wednesday, an uptick in tensions overnight and lingering fears that the ongoing trade war between the t...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price asses...Read More

China's domestic stainless steel market picked up some strength over the past week after a 90-day truce was called to the trade war between the country and the United States.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,300-15,000 yuan ($2,085-2,187) per tonne including VAT for the week ended Wednesday December 5, narrowing upward...Read More

Import prices for stainless steel in East Asia inched up over the past week following a months-long slump, with support coming from a rebound in the nickel market and an increase in local Chinese prices which came after the United States gave a 90-day reprieve on potential new tariffs against China.But regional buying interest for stainless steel remained thin, which dampened trading activity and...Read More

International Lithium (TSXV: ILC; US-OTC: ILHMF) could produce 10,000 tonnes lithium carbonate equivalent per year over a 25-year mine life at its Mariana lithium brine project, according to a recent preliminary economic assessment. It could also produce 84,000 tonnes per year sulphate of potash.The project, located in Salta, Argentina, has an estimated US$192 million after-tax net present value a...Read More

Serial diluter of investor value Gran Colombia Gold Corp. (TSX:GCM) is once again touting for investors and seeking to attract further capital. The company, which is the largest underground miner in the Latin American nation of Colombia, has a long history of overpromising and under delivering for investors while riding roughshod over local communities and acting solely in the interests of insider...Read More

In early 2017, I posted to Foolish investors that Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) could turn out to be a better long-term investment than Goldcorp Inc. (TSX:G)(NYSE:GG). While it appears that Barrick has turned out, at least over the past couple years, to be the better play, it is still off approximately 30% over this time frame compared to a 40% drop at Goldcorp.The drop in commodit...Read More

Gold continues to add to its recent gains and investors are wondering if this might be a good time to start adding gold stocks to their portfolios heading into 2019.Let's take a look at the current situation and see if the industry's largest player, Barrick Gold (TSX:ABX)(NYSE:ABX), deserves to be on your buy list.Gold rallyGold traded for US$1,360 per share in April, but a rally in the U.S. dolla...Read More

Anyone looking to stack up shares in Canadian miners may have been forgiven for watching the sector pick up speed in recent weeks and wishing they'd got in sooner. The following diversified stock is a true Canadian classic in the metals sector: a base metals mining company with a presence in South and North America, Portugal, and Sweden. It's gained over 5% over the last five days, only to dip alm...Read More

The suspensions come after it could not complete a conditional US$4 million extension to its working capital facility with Fujax Minerals and Energy.Cradle Arc said the working capital facility extension for its 60%-owned subsidiary Leboam, which operates Mowana, had been conditional on the completion of certain documentation and final approval from Fujax's credit committee.All had seemed fine, wi...Read More

Tanami was Australia's fifth-largest gold producer in 2017, delivering 419,000 ounces of gold, just as Newmont completed the US$125 million Tanami Expansion 1 to add 80,000oz per year between 20...Read More

Microcap drillers Cabo Drilling and Energold - both Toronto Venture exchange listed - were among the handful of METS companies to finish with a higher share price than a year earlier.Cabo appears to be turning into an industrial minerals miner in Mongolia under a proposed reverse takeover arrangement with Mongolian businessman Khurlee Ankhbayar's Phoenix Capital Enterprises, though stalwart Cabo c...Read More