A plunge in silico-manganese futures prices on the Zhengzhou Commodity Exchange (ZCE) at the start of this week was driven by weakness in China's steel market, market participants told Fastmarkets. On Monday November 26, trading was suspended for the ZCE's most-traded January silico-manganese futures contract after the price of the contract plunged by 7.1% from the previous trading day's close. Th...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 28.Base metals on the Shanghai Futures Exchange continued to be pressured by a strong dollar during Asian morning trading on Wednesday, with limited price movements recorded across most of the complex as a result. Check Fastmarkets MB's live futures report here.The looming b...Read More
Vanadium trade log including business, bids and offers reported to Fastmarkets.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday November 23Ferro-vanadium - Prices indicated a...Read More
Physical iron ore markets recorded mixed performance on Wednesday November 28 amid a rebound in futures and swaps trading yet continued bearishness among participants. MB 62% Fe Iron Ore Index: $66.35 per tonne cfr Qingdao, up $1.16 per tonne. MB 62% Fe Pilbara Blend Fines Index: $65.62 per tonne cfr Qingdao, up $1.16 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $69.64 per tonne cfr Qingdao, u...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 oreBHP, Beijing Iron Ore Trading...Read More
Supply concerns have emerged in the seaborne coking coal market after a major rail line in Australia was shut down on Wednesday November 28.Bushfires across the state of Queensland, Australia's coal-producing hub, led to Aurizon suspend services on the Blackwater rail line, a spokesperson for the rail freight operator told Fastmarkets during the day."Aurizon Network has advised operators in the Bl...Read More
China's ferrous futures rose across the board during morning trading on Wednesday November 28, reversing the trend seen in the first two days of this week.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,622 yuan ($521) per tonne, up 43 yuan per tonneJanuary hot-rolled coil: 3,444 yuan per tonne, up 37 yuan per tonneDalian Commodity Exchange January iron ore: 472...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday November 28*Copper -$165.96 (-1,156.79 yuan) Aluminium -$425.57 (-2966.32 yuan) Zinc -$98.06 (-683.48 yuan) Nickel $309.58 (21,57.84 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME...Read More
China's domestic rebar prices bounced back on Wednesday November 28 amid gains in the futures market, though export prices continued to spiral downward.Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($547-551) per tonne, up 50-70 yuan per tonneNorthern China (Beijing): 3,490-3,520 yuan per tonne, up 20 yuan per tonneRebar futures picked up more strength during the day, which encouraged seller...Read More
China's hot-rolled coil prices were mixed on Wednesday November 28, with those in the east of the country flat but those in the north lower.DomesticEastern China (Shanghai): 3,570-3,590 yuan ($514-516) per tonne, unchangedNorthern China (Tianjin): 3,480-3,500 yuan per tonne, down 30-40 yuan per tonneSellers in eastern China stopped kept their prices stable on the recovery in the futures...Read More
The following Fastmarkets minor metals prices changed on Wednesday November 28:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 49,500-50,000 yuan per tonne from 50,000-50,500 yuanCobalt MB free market high...Read More
Despite a firmer dollar, the three-month base metals prices on the London Metal Exchange are up across the board by an average of 0.8% this morning, Wednesday November 28. Nickel and tin are the outperformers with gains of 1.4% and 1.1% respectively.Copper prices are up by 0.8% at 4$6,160 per tonne. Volume has been average, with 5,147 lots traded as at 6.48am London time. The precious metals are a...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday November 28:Aluminium scrapCommercial pure cuttings: ?1,030-1,050 per tonne from ?1,035-1,065...Read More
Infill drilling from March through October at Osisko Mining's (TSX: OSK) Lynx deposit at its Windfall project, in the Abitibi greenstone belt in the James Bay region of Quebec, has added ounces and higher grades, the company announced in a resource update.Osisko has increased Lynx's indicated resources by 153,000 ounces of gold and boosted its grade from the 7.51 grams gold per tonne in a May 2018...Read More
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Here's a fact: Brandon Semenuk's days of competing on his slope bike may be done, but he's still setting the bar for the sport.Watch the latest Semenuk Raw 100 here: https://www.youtube.com/watch?v=X_vO8...With AIM, Semenuk and filmmaker Rupert Walker press on in their pursuit to push the boundaries of mountain bike filmmaking under their production company, Revel Co.-Experience the world of Red B...Read More
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In this current commodity price environment, the mining space is filled with excellent opportunities. That said, risk levels have risen sector-wide, leading to much of the decline in equity values in this space. Here are three of my top picks for investors looking for a decent risk/reward return in this space.Hudbay MineralsFor those interested in gaining exposure to the base metals space, Hudbay...Read More
The few mining stocks on the S&P500 were part of the rally, with Freeport-McMoRan (NYSE: FCX) rising 6.49%.London's key index closed lower yesterday, but metals and mining stocks were up 0.76%, and futures are pointing to a positive start today.Metals and mining stocks on the S&P/TSX Composite Index were up about 3% yesterday.Diversified miners Teck Resources TSX: TECK.B), Turquoise Hill R...Read More
Diamond drilling at Kintavar Exploration's Mitchi Project, Quebec. Source: Kintavar Exploration Inc.Kintavar Exploration Inc. [KTR-TSXV] shares were active Thursday after the company released assays results from drilling on the Sherlock Corridor area of its Mitchi property in Quebec.The program included 12 drill holes (2,300 metres) that primarily investigated surface exploration targets on the S...Read More