Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

Aluminium premiums in Europe and Brazil moved higher during the week to Tuesday July 28 amid cautiously bullish sentiment, while other areas remained stable.Premiums rise across EuropeDemand revival pushes Brazilian premium higherStable market conditions in United StatesChina static but bullishSouth Korea premiums up, while MJP is stable Contango pushes Rotterdam premiums higherAluminium premiums...Read More

LME three-month base metals prices failed to make significant gains at the close on Tuesday July 28, stalling ahead of tomorrow's clarification on US fiscal stimulus measures.The US Federal Reserve announced today that it had extended its existing lending facilities, from September 30 to December 31, to combat the economic fallout of the Covid-19 pandemic.But the market still remain...Read More

A subsidiary of Noranda Income Fund (NIF) has entered into a streaming deal with streaming and royalty company BaseCore Metals LP for zinc processed and refined at its electrolytic processing facility in Quebec, Canada, the company said. The proceeds of the deal will be used to expand capacity at the company's Canadian Electrolytic Zinc (CEZ) refinery by around 20,000 tonnes per year. BaseCore is...Read More

Spot gold had earlier risen just over $1,980 an ounce but was worth about $1,957/oz at the time of writing.The spot silver price briefly rose above $26/oz but was back around $24/oz."Some vicious moves overnight with the major action in precious with stops to the topside triggered in the first part of the Asian session before a wave of profit taking sees silver already decline 14.5% from its sessi...Read More

The latest data for the global manganese ore market for the week ended Monday July 27, 2020.Read More

China imported approximately 2.18 million tonnes of manganese ore in June, a rise of around 39.3% from about 1.57 million tonnes in May, according to the latest available Chinese customs data. June's volume is also 7.3% higher than the 2.03 million tonnes imported in the same month of 2019, the data showed.Among the total volume imported in June, around 724,794 tonnes (33.2%) came from South Afric...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

New Century Resources and Vale Canada have mutually agreed to extend the exclusivity period for the former's acquisition of Vale New Caledonia (VNC) by 45 days, it was announced at a press conference held by VNC chief Antonin Beurrier on Tuesday July 28.Australian zinc miner New Century entered into a 60-day exclusivity agreement with Vale Canada, a subsidiary of Brazilian multi-metal miner Vale,...Read More

Ferrous scrap prices in Mexico were steady for the week ended Friday July 24, with the market stabilizing after nearly a month of price reductions.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey was at 5,700 pesos ($258) per tonne on July 28, and the consumer buying price for steel scrap No1 heavy melt, delivered mill Mo...Read More

Turkish steel producers continued to stay away from the deep-sea scrap market on Tuesday July 28, largely because of strong prices, but also due to the impending holiday period, sources told Fastmarkets.The most recent deep-sea transaction was done through the US at $275 per tonne cfr for shredded and $280 per tonne for bonus at the end of the last week.Turkish mills have since been quiet and...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More

A long-delayed Alaskan mine that could be one of the biggest copper and gold producers in the United States has gained final environmental approval. The US Army Corps of Engineers (USACE) concluded on Friday July 24 that the mine on state land in the Bristol Bay Region of southwest Alaska poses no environmental threat. It will be at least six or seven years before mining of the 7.5 billion tonne c...Read More

Resource nationalism is one of the key risks miners will face in the increasingly volatile macroeconomic environment worsened by the Covid-19 pandemic, global law firm White & Case told Fastmarkets this week. This is due to the stretched national budgets that governments are facing after supporting their economies through monetary and fiscal policies amid the Covid-19 outbreak, as well as increase...Read More

Benchmark prices for cobalt metal nudged higher on Tuesday July 28 on increased buying interest, higher bids and positive cues from the hydroxide market.Fastmarkets' price assessment of cobalt standard grade, in-whs Rotterdam was $13.75-14.15 per lb on Tuesday, up 10 cents on the high end from $13.75-14.05 per lb, where it had held since July 15. Cobalt alloy grade, in-whs Rotterdam was assessed a...Read More

China's imports of cobalt intermediates rose in June compared with the prior month, but the increase was smaller than had been expected despite the easing of lockdown restrictions in South Africa since the beginning of May, market sources told Fastmarkets. China imported a total of 15,206 tonnes of cobalt intermediates in June, an increase of 24.8% from 12,187 tonnes in May, according to Chinese c...Read More

Domestic prices for hot-rolled coil in Northern Europe remained stable day on day on Tuesday July 28 due to the seasonal slowdown in demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?410.00 ($480.82) per tonne on Tuesday July 28, up by ?,?0.34 per tonne from ?,?409.66 per tonne on Monday.Tuesday's index...Read More

The export market for flat steel products from the Commonwealth of Independent States went up during the week to Monday July 27 because Russian suppliers continued to focus on their domestic market, while Ukrainian producers concentrated on steel slab sales.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $405-420 per tonne on Monday, up by $5 per ton...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week, with demand only weak, sources told Fastmarkets on Tuesday July 28.Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of this week, which in turn kept prices steady.UAEOffer prices for hot-rolled coil (HRC) from India and China were heard in the UAE at $490 per tonne...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 28 that are worth another look.Brazilian long steel producers have announced an 8% domestic rebar price increase for September after having already raised their prices by around 10% in July, sources told Fastmarkets this week.After successfully taking advantage of...Read More