Export prices for bulk cargoes of Japanese scrap extended their upward movement for a fourth week ahead of an extended holiday period, market sources told Fastmarkets in recent days.Japanese scrap sellers continued to sell cargoes to Vietnam, Taiwan and South Korea over the past week, while negotiations were also taking place involving buyers in Bangladesh following increased demand in the South A...Read More

China's domestic prices for hot-rolled coil edged up on Thursday August 6, but the arrival of imports is increasing supply pressure for re-rolling grades of the flat steel product.DomesticEastern China (Shanghai): 4,070-4,080 yuan ($586-587) per tonne, up 10 yuan per tonneA Shanghai-based trader said trading activity was thin during the day after sellers raised prices.But most market participants...Read More

The London Metal Exchange three-month nickel price continued to trade in positive territory during the morning session on Thursday August 6, with ongoing weakness in the dollar index supporting buying momentum, while a surge in German manufacturing orders spurred hopes of economic recovery in Europe. Nickel's outright price on the LME was recently at $14,390 per tonne, dipping slightly below the n...Read More

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%.Pre-market major western equity index futures and equities in Asian-Pacific markets were also mixed.Western markets waiting for news on a stimulus package announcement by the United States this week, as well as Friday US employment report... ...either...Read More

China's domestic and export prices for stainless steel increased sharply over the past week after the country's National Bureau of Statistics (NBS) releasing positive data for downstream sectors.China's manufacturing purchasing managers' index was 51.1 points for July, up by 0.2 points from June, according to the NBS. This is the fifth month that the index has been above 50%, which indicates growt...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy grade, in-whs...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $14.60-15.05 per lb on Thursday August 6. Sale at $14.6...Read More

Glencore will not rush to bring its Mutanda copper-cobalt mine in the Democratic Republic of Congo (DRC) back into production ahead of an increase in demand from the electric vehicle sector, and while cobalt prices are low, chief executive officer Ivan Glasenberg said during an investor call earlier today. Mutanda was put on care and maintenance for at least two years at the end of November 2019 f...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday August 5.Key drivers European antimony prices climbed this week following higher shipment offers from China. Chinese suppliers maintained firm offer prices amid growing buying interest and persistent difficulty in securing cheap ore material from abroad. Tight prompt inventories in Rotterdam...Read More

Fastmarkets will increase the pricing frequency of its fixed price cobalt hydroxide index, to fortnightly from Friday August 7.From August 7, Fastmarkets will publish its cobalt hydroxide index, min 30% Co, cif China on Friday every other week.The decision to increase the pricing frequency of the index reflects market feedback from an initial consultation period and a review of fixed price data th...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneThe exchange rate on Wednesday August...Read More

End-user demand for steel in Mexico has improved and most sectors are performing close to pre-pandemic levels, according to Latin American steel group Ternium."Demand in the Mexican industrial sector is very good today," its chief executive officer M??ximo Vedoya said on Wednesday August 5.Among the sectors that are performing better are home appliances, automotive and infrastructure, he added.Mex...Read More

As the price of physical gold continues to scale fresh high with each passing day, shares of Kinross Gold (TSX:K)(NYSE:KGC) have more than tripled from its 52-week low of $4. The fear of recession continues to drive demand for the shiny yellow metal, in turn, pushing the shares of gold mining companies higher.Higher jobless claims, rising coronavirus cases, and weak economic data suggest that the...Read More

Last week was a packed one for companies reporting their Q2 earnings. And the main takeaway was that 2020’s second quarter was extremely lean in terms of both consumer and industrial demand. With more pain on the way, investors are seeking stocks that beat the market.Thankfully, some names have massively outperformed the TSX in the last 12 months. The best names range across such areas as go...Read More

The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The winding-down Q2'20 earnings season reveals whether those massive stock-price gains were actually justified by underlying corporate...Read More

The Golden Highway project, 110 km east of Timmins, Ontario. (Credit: Moneta Porcupine) The most recent five drill holes (and one re-drill hole) reported from Moneta Porcupine's Golden Highway project, 110 km east of Timmins, extend the mineralization at the 55 deposit by up to 250 metres west and 150 metres east of the current resource boundaries.Drill highlights include 9 metres of 2.2 g/t go...Read More

The Santander mine is located approximately 215 km northeast of Lima. (Image courtesy of Trevali Mining.) Trevali (TSX: TV) is accelerating its business improvement program targeting the overall reduction in all-in sustaining costs (AISC) to $0.90/lb by 2021, a year earlier than originally planned. Of the original target of $50 million in annualized sustainable efficiencies, the program is fo...Read More

Over the past decade, the development of the Pebble mine has come under intense scrutiny in Alaska due to its potential environmental impact. (Credit: Wikimedia Commons/AlaskaTrekker) Northern Dynasty Minerals' (TSX: NDM) US-based subsidiary Pebble Limited Partnership is welcoming a pending White House review of its controversial copper-gold project and the Final Environmental Impact Statement (E...Read More

Stock image. Management appointments announced this week include:Carmen Amezquita has been named CFO of Amerigo Resources.Barrick Gold has announced appointments to its exploration team: Aoife McGrath has been named VP of exploration for Africa and Middle East and Leandro Sastre is now VP of exploration for Latin America and Asia Pacific.Anthony Paterson has been appointed CEO and preside...Read More

MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:- Glencore posts $2.6 billion loss, scraps dividend - Read more- Gold price breaks new record - Read more- Barrick, Skeena reach final deal on Eskay Creek project - Read more- Peabody biggest loss follows writedown of top US coal mine - Read moreClick here for last week's rou...Read More