The seaborne premium hard coking coal fob index continued yesterday's uptrend, with a transaction of premium hard coking coal concluded on Wednesday August 26 while in the cfr market, seaborne prices remained flat due to low liquidity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $105.91 per tonne, up $1.50 per tonne Premium hard coking coal, cfr Jingtang: $114.77 per tonne,...Read More
Zinc premiums in China and the United States were flat in the week to Tuesday August 25, with US zinc market participants reporting an increase in spot demand after months, sources said.US spot demand for special high grade (SHG) zinc improves after months of thin demandShanghai zinc premiums were steady, although market participants anticipate a near-term riseSoutheast Asia premiums at all-time l...Read More
China's domestic rebar prices were stable on Wednesday August 26, but demand in some regions decreased as a result of Typhoon Bavi,Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($527-531) per tonne, unchangedThe northern part of Zhejiang province as well as Shandong province further north experienced rain during the day that was attributed to Typhoon Bavi, which is forecast to make landfall...Read More
The LME three-month nickel price hit a year-to-date high in the morning session on Wednesday August 26, up 1% from the previous day's close, and at its highest level since November 2019, at $15,140 per tonne. London Metal Exchange nickel futures were supported by the fresh cancelation of 444 tonnes as of 9am this morning. A 378-tonne outflow of material - 354 tonnes from D...Read More
Alvance Aluminium has achieved ASI 'Performance Standard' certification for its smelting and casting operations in Dunkerque, France, the Aluminium Stewardship Initiative (ASI) announced on Wednesday August 26. Part of the GFG Alliance's aluminium division, the Dunkerque plant - which produces slab and ingot through the electrolysis of alumina - has been successfully certi...Read More
A wide contango in London Metal Exchange spreads supported aluminium premiums across the globe in the week ended Tuesday August 25, with only the premiums in Shanghai bucking the trend.Rotterdam duty-unpaid premium at highest since MarchRestocking drives up premiums in BrazilImproved sentiment in JapanUS Midwest premium holds firmShanghai arb window closes.Tight supply, wide contango spur Rotterda...Read More
Key data from Fastmarkets' pricing session in London on Wednesday August 26.Key drivers: Alloy-grade cobalt traded at a premium to standard-grade with material in tight hands. Prices for both grades were well underpinned despite thinner liquidity compared with the beginning of August. Substantial spot volumes changed...Read More
Cobalt intermediates shipments to China leapt by 84.7% month on month in July and local futures prices responded by plummeting on Tuesday August 25 after the data was released. China imported 28,087 tonnes of cobalt intermediates, which are mostly comprised of cobalt hydroxide - a key feedstock for cobalt refineries - in July, up from 15,206 tonnes in June, and also 9.2% higher year on year, accor...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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,...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
China's imports of manganese ore totaled approximately 2.95 million tonnes in July, an increase of 35.2% from 2.18 million tonnes in June and the highest volume in a single month since December 2019, according to the latest available Chinese customs data. But July's volume is about 4.5% lower than the 3.09 million tonnes imported in the same month of 2019, the data showed. Of the total volume impo...Read More
The European Commission (EC) has started an expiry review of anti-dumping measures on imports of cold-rolled flat stainless steel from China and Taiwan.The request for an expiry review was lodged by the European steel association Eurofer on May 27 this year."The request is based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence...Read More
DeepGreen Metals has formed partnerships with scientific research institutions and universities on its deep-sea discovery program to characterize the potential impacts of lifting polymetallic nodules from the bottom of the Clarion Clipperton Zone (CCZ) of the Pacific Ocean.In April, the Canadian start-up, which plans to extract cobalt and other battery metals from the seafloor, added a new area to...Read More
While the pandemic’s impact on the economy is still uncertain, interest rates globally are expected to remain close to zero for the near future. Here in Canada, the country’s economy is in a recession, and the unemployment rate is close to record highs.In March 2020, interest rates in Canada fell to 0.25% to cushion the economy from the pandemic. Notably, the rates are expected to rema...Read More
AngloGold had announced the US$300 million sale, of its Mponeng mine and surface assets, to Harmony Gold Mining in February.Harmony, which celebrated its 70th birthday this week, is aiming to entrench its position as South Africa's largest gold producer.The transaction had been expected to close by June 30 but was slowed by the COVID-19 outbreak and was "down now to the DMRE [Department of Mineral...Read More
Speaking on the drilling services and products company's H1 results call, CEO Jeff Olsen said arrangements with debt holders and cost savings across the company enabled Boart Longyear to generateRead More
Kogi Iron Limited (ASX: KFE) intends to build a cast steel plant on the Agbaja Plateau in Kogi State, Nigeria. The project will supply a cast steel feedstock to steel manufacturing and product fabricators in Nigeria and overseas. We learned from David Turvey, Managing Director of Kogi Iron that based on their large iron ore resource, they are creating a vertically integrated, import replacement, i...Read More
Check out what Yahoo Finance wrote yesterday...Palantir Technologies Inc. sent a warning to investors Tuesday in its application to publicly list on the New York Stock Exchange, stating that the "overarching complexity" of privacy and data laws from country to country pose major compliance challenges for the data company. Privacy has gone from something every sovereign citizen should expect to so...Read More
The SMP Team, Including Ron Netolitzky, Have an Outstanding Track Record Metals News, spoke with Dale Wallster, CEO & Director of Southern Empire Resources Corp. (TSX-V: SMP; Frankfurt: 5RE), a prospector and geologist, with over 40 years' experience in mineral deposit exploration and development. Dale and his Team, including Ron Netolitzky, 2015 Canadian Hall of Fame inductee, have a history of i...Read More
Cabral Gold believes it is sitting on a district scale project and is initiating an aggressive drill program to find out. Native Gold in Quartz, Central Zone, Cui? Cui?Cabral Gold Inc.'s (CBR:TSX.V; CBGZF:OTC.MKTS) Cui? Cui? project in northern Brazil sits in the middle of the region that hosted the world's largest gold rush, the 1978-1995 Tapaj?s Gold Rush, and on the company's property some 2 m...Read More