The annual convention of the Institute of Scrap Recycling Industries (ISRI) made its biennial visit to the lights and glamour of Las Vegas, in the US state of Nevada, from Saturday April 14 until Thursday April 19.There were all the signs of a boom period for the steel industry at the event, with the exhibition hall of the city's Mandalay Bay Hotel packed with displays of the latest technology and...Read More

The Turkish deep-sea scrap market remained quiet on Monday April 23 because of a national holiday in the country.The Turkish market was closed while the country celebrated National Sovereignty Day and Children's Day.Due to the lack of fresh deep-sea transactions, the daily scrap indices...Read More

Prices for physical iron ore rose on Monday April 23 following gains in the paper market, though Chinese mills continued to take a cautious approach despite the gains.Metal Bulletin 62% Fe Iron Ore Index: $67.67 per tonne cfr Qingdao, up by $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $55.98 per tonne cfr Qingdao, up by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Index: $85.60 per tonne c...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 oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines,...Read More

The seaborne coking coal market tumbled further on Monday April 23 after a trader sold two cargoes at prices much lower than previously transacted levels.The trader sold a cargo of premium low-vol hard coking coal at $185 per tonne cfr China during the day. This puts it $10 per tonne lower than a transaction involving the same Australian brand last Friday and just $2 per...Read More

The seaborne iron ore concentrate market slowed down last week amid reduced trading activity and a slight drop in premiums. The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $87.88 per tonne cfr China last Friday April 21, down $1.39 per tonne - or 1.5% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $83.66 per tonne cfr China over the week, up $1.66...Read More

China's ferrous futures soared across the board on Monday April 23, after major mill Shagang increased its steel prices over the weekend.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,550 yuan ($55) per tonne, up 70 yuan per tonne October hot-rolled coil: 3,684 yuan per tonne, up 62 yuan per tonne Dalian Commodity Exchange September iron ore: 480.50 yuan per to...Read More

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) will not impose secondary sanctions on non-US persons for engaging in the same activity involving Rusal or its subsidiaries that the General License 14 authorizes, according to a statement on Monday April 23."Rusal has felt the impact of US sanctions because of its entanglement with Oleg Deripaska, but the US government is...Read More

Antimony prices continued to experience downward pressure last week amid weakening demand and increasing availability in the spot market.Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,200-8,350 per tonne on Friday April 20, down from the mid-week assessment of $8,300-8,450 per tonne when prices had fallen from $8,400-8,550 per tonne.The trioxide gra...Read More

The latest metal markets news and price moves to start the North American day on Monday April 23.Base metals on the London Metal Exchange are largely mixed during morning trading on Monday April 23, with nickel's price falling 1.7% alongside continued strength from aluminium.Here's how LME base metals...Read More

Chinese silicon metal prices continued to dip in the latest pricing session but the drops were capped by local refineries who increased up their offer prices to support the market, Metal Bulletin learned. Metal Bulletin's Chinese grade 553 silicon price dropped by 0.8% to $1,880-1,950 per tonne on Friday April 20, from $1,900-1,960 one week ago. The Chinese grade 553 silicon export price hit...Read More

Manganese flake prices jumped more than 14% on Friday April 20 to its highest level since December 2016 on a continued supply squeeze in Europe. Metal Bulletin assessed the manganese flake in-warehouse Rotterdam price at $2,275-2,450 per tonne on Friday, up 14.1% on the previous assessment and the highest it has been since December 2016. "All the material has been purchased. There is absolute...Read More

The base metals traded on the London Metal Exchange have kicked off the new trading week with a broadly positive performance this morning, Monday April 23.Sanction-hit aluminium leads on the upside with a gain of 0.8%, followed by lead, copper and zinc, which are up by 0.7%, 0.6% and 0.4% respectively. Nickel and tin are bucking the uptrend, however, with losses of 0.8% and 0.1% respectively. With...Read More

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation's automated material handling system.The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold th...Read More

Precious gemstones miner Gemfields is stepping up efforts to increase transparency across the entire supply chain amid fresh allegations of human rights abuses at its Montepuez ruby mine in Mozambique, which has cost it a lawsuit filed last week in London's High Court.Leigh Day, the London-based law firm representing over 100 locals, said security forces employed by the miner - which describes it...Read More

Shares in Petra Diamonds (LON:PDL) climbed almost 8% on Monday after the miner reported a significant revenue increase in its third-quarter driven by record production in the first three months of 2018.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said revenue for the quarter ended March 31 climbed 44% to $172 mill...Read More

Miners operating in the Democratic Republic of Congo (DRC) said Monday they were hopeful their current talks with civil society, a member of the mining code revision tri-partite group and other key interested groups, would help iron out issues that need to be dealt with before the country's new mining code is implemented.The group, which includes Randgold Resources, Glencore, Ivanhoe Mines, Ziji...Read More

Shares in Newcrest Mining (ASX:NCM) climbed Monday after the gold miner, Australia's biggest, said its plan to use the first 200 metres of its Cadia Hill mine's open pit as a tailings storage facility had been approved.The company said the permit would create enough storage capacity to enable Cadia East underground mine to return to full production following a dam collapse in March, which halted o...Read More

The following is an abridged version of the Atoms for Africa report published last week by the Center for Global Development and co-authored by Abigail Sah, Jessica Lovering, Omaro Maseli and Aishwarya Saxena. In the face of increasing concern about human-caused climate change, there is an urgent need for a global transition to clean energy. Yet in many parts of the world, such as sub-Saharan Afr...Read More

With a project located on the site of a massive gold rush, this explorer is attempting to find the hard-rock source of the region's placer gold, and an updated resource is expected any day. Cabral Gold Project MapThe land that Cabral Gold Inc.'s (CBR:TSX.V; CBGZF:OCT) Cuiu Cuiu gold project sits on was once the territory of garimperos, migrating miners who came during the massive Brazilian gold r...Read More