A new judicial ruling has allowed Vale to reopen the concentration plant at its Viga iron ore mine, in Brazil's southeastern Minas Gerais state, after six days of downtime, the company said on Thursday October 1.The judge at the Entre Rios de Minas court determined that the city of Jeceaba, where the mine is located, was to issue the necessary permits for Vale to use the B7 dam for tailings dispos...Read More
Trading activity in the seaborne coking coal market was muted on Friday October 2, which was the second day of China's "golden week" holiday marking the country's 71st national day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.71 per tonne, up by $3.16 per tonnePremium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $114.02 per tonne, up by $1....Read More
Seaborne iron ore prices were flat on Friday October 2 during the Chinese holiday, however, US president Donald Trump's positive Covid-19 test result caused panic in the markets and iron ore swaps went down again, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines high-gra...Read More
The London Metal Exchange three-month nickel price dipped during morning trading on Friday October 2, down by 1.5% against continued selling pressure, while a slight recovery in copper buying led the red metal's price back above the $6,300-per-tonne threshold. LME nickel's outright price was recently at $14,085 per tonne on Friday morning, falling from $14,343 per tonne at Thursday's close, while...Read More
Base metals prices on the London Metal Exchange were for the most part weaker this morning, Friday October 2, but our focus is on the broader markets because US President Donald Trump has tested positive for Covid-19, which in itself is a major development, but is also going to have ramifications on the run-up to the presidential election on November 3.Pre-market major western equity index futures...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
Prior to the Covid-19 pandemic, 2020 was expected to be an important year for the rollout of 5G networks, with more operator launches globally and declining prices for smartphones and other 5G devices.While the rollout has been disrupted in the short term, the increase in remote working caused by lockdown measures has underscored the need for greater bandwidth capacity along with fast and reliable...Read More
Umicore will consolidate its production of cobalt-derived chemicals in Europe and the United States, the company said on Wednesday September 30.The Belgian speciality chemicals company will move its cobalt refining capacities from the Olen plant in Belgium to the Kokkola refinery in Finland.The move to "one of the largest cobalt refineries globally" will allow "the business unit to produce at a la...Read More
Europe's monthly alloy steel surcharges for October have surged from September levels on significantly higher nickel costs, Fastmarkets heard on Friday October 2.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe was calculated at ?,?1,456-1,462 ($1,710-1,716) per tonne for October, up by ?,?85-89 per tonne from the September range.The average Lo...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in September 2020.The case list below includes only updates. For other continuing cases this year, see the updates for August, July, June, May, April, March,...Read More
Prices for cargoes of steel scrap imported to Vietnam held largely stable in the week to Friday October 2 following a reduction in volumes offered by Japan. Participants in Taiwan and South Korea have been away from the market for much of the week due to their Mid-Autumn Festival holidays, leaving only Vietnam among major purchasers of Japan scrap, but no new deals were heard closed this week. Off...Read More
Import prices for containerized ferrous scrap in the key Taiwanese market were unchanged in the week to October 2 due to a major holiday in the territory, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday October 2, unchanged from Thursday and down by $2-5 per tonne from...Read More
The first debate between sitting president Donald Trump and Democrat hopeful Joe Biden didn’t exactly overwhelm viewers. With the election now only a few weeks away, polls are showing an American electorate on a knife-edge. Investors are similarly split as the world watches the biggest economic power with baited breath.A frothy fourth quarter for stock marketsWill the new year see Trump hang...Read More
This settlement is far more significant than is widely believed...by Ted Butler of Butler Research via Silver SeekAs widely telegraphed over the past week, the US Justice Department and Commodity Futures Trading Commission (along with the SEC) have settled the precious metals spoofing/manipulation case which first came into view in November 2018 with the announcement of a guilty plea by a former J...Read More
Sienna Resources Inc. is pleased to announce it has commenced opeRead full newsRead More
Sanatana Resources Inc. has granted incentive stock options to diRead full newsRead More
Sentinel Resources Corp. is pleased to announce that it has acRead full newsRead More
Maple Gold Mines Ltd. is very pleased to announce the appointmentRead full newsRead More