If you are in the mineral exploration business you'll likely remember the buzz created by Graham Heinson's "Fingers of God" cross-section of crust in the Olympic Dam province. His magnetotelluric (MT) work revealed slender, conductive fingers of crust swirling up from the mantle to beneath Olympic Dam, Wirrda Well and two other locations coinciding with known mineralisation.Read More
TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning.The parcels comprise 101 diamonds weighing 18.57 ct and 130 diamonds weighing 17.79 ct.AdvertisementThe diamonds will be stored at secured facilities located at the...Read More
Turkey imported 703,977 tonnes of flat steel in April 2018, according to a statement by the Turkish Statistical Institute (TUIK) on Monday June 4.This was up by 12.24% from the corresponding month in 2017, when 627,186 tonnes arrived in the country.Demand for flat steel is not strong in Turkey, because of the weakness of the country's lira and the current political uncertainty created by the calli...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil (HRC), cold-rolled coil (CRC), hot-dipped galvanized coil (HDG), pre-painted galvanized iron (PPGI), steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coil India, export, hot-rolled coil (2mm), offered at $625-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Oman, export, rebar, offered at $615-625 per tonne cfr on theoretical...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet Iran, export, billet,...Read More
The European Commission (EC) may impose preliminary measures in its safeguard case into imported steel products as early as July this year, market sources have told Metal Bulletin.The full investigation, however, will take as long as nine months to complete."The Commission has nine months to decide whether safeguard measures will be necessary. [But] this decision could be taken much earlier in the...Read More
The EU has ended its anti-dumping investigation into ferro-silicon imports from Egypt and the Ukraine, according to a statement on the European Commission's website on Tuesday June 5.The Commission said the investigation had been terminated after the complainant, industry body Euroalliages, withdrew its complaint by email on February 27. Euroalliages had lodged a complaint with the EU on June 19,...Read More
The latest metal markets news and price moves to start the North American day on Tuesday June 5. All base metals prices on the London Metal Exchange recorded positive moves up during morning trading, with zinc's three-month price leading the complex higher amid a weaker US dollar index.The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead was trading i...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
Chinese ferro-vanadium exporters held their offer prices steady amid increased buying interest, while European ferro-vanadium prices continued their ascent on supply concerns. Chinese ferro-vanadium prices stabilized amid spike in trading buying interest European ferro-vanadium prices continue rebound on thinning available inventories US ferro-vanadium market slightly softer on sluggi...Read More
Chinese tungsten concentrate and ammonium paratungstate prices continued to be bolstered by supply constraints imposed by environmental crackdowns, while there was limited activity in the European tungsten market in the week to Friday June 1. Chinese APT, concentrate prices boosted by supply constraints European APT prices hold firm on tight supply European ferro-tungsten market conti...Read More
Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More
US East Coast exporters are still enjoying a large premium for shredded scrap over cut grades, with two fresh ferrous scrap cargo sales booked to Turkey on Tuesday June 5.The first cargo - scheduled for shipment in the first half of July - concluded at $340 per tonne cfr for 12,000-14,000 tonnes of an...Read More
Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills wo...Read More
Latest transaction: iron oreIron oreRio Tinto, tender, 100,000 tonnes of 61% Fe Pilbara Blend fines, sold on Tuesday morning at...Read More
Iron ore markets were mixed on Tuesday June 5 with spreads extending between different brands.Metal Bulletin 62% Fe Iron Ore Index: $66.34 per tonne cfr Qingdao, up by $0.87 per tonneMetal Bulletin 58% Fe Premium Index: $53.51 per tonne cfr Qingdao, unchangedMetal Bulletin 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, up by $0.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 469 yuan...Read More
There is still room for seaborne coking coal prices to increase amid expectations of tightening supply and robust Chinese demand, market participants said on Tuesday June 5. A premium category cargo was heard to have changed hands at around $194 per tonne fob Australia late evening, market sources said. "Demand from Chinese buyers is robust and steelmakers expect to be able to get a better deal on...Read More
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US imposes 232 tariffs against EU,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More