Exporters of steel billet from the CIS have managed to secure deals at higher prices outside China, where trading activity has been concentrated recently.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $347 per tonne on Tuesday May 12, up by $2 from May 7.A 10,000-tonne cargo of Ukraine-origin billet was reported sold to Italy at $350 per tonne fob Black Sea.And...Read More

Advanced Metallurgical Group (AMG) has reported a 56% decrease in earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter of 2020 amid a decline in metal prices across its entire portfolio and depressed market conditions resulting from the Covid-19 pandemic.The Amsterdam-listed group generated Ebitda of $22.3 million in January-March, a drop from $50.4 million...Read More

Turkish steel producers have continued to book deep-sea market scrap for late-June shipments at steady prices, sources said on Tuesday May 12.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $251 per tonne, 6,000 tonnes of shredded at $256 per tonne and 6,000 tonnes of bonus at $261 per tonne cfr. ...Read More

The seaborne iron ore market remained resilient on Tuesday May 12, with the prices for Brazilian fines rising significantly due to concerns over supply. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.67 per tonne, up $3.06 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $94.20 per tonne, up $3.02 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $78.38 per tonne, up $1.97 per...Read More

Seaborne premium hard coking coal prices went up slightly on Tuesday May 12, following a rebound the previous day, when there was active trading.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.06 per tonne, up by $1.09 per tonne.Premium hard coking coal, cfr Jingtang: $121.01 per tonne, up by $0.14 per tonne.Hard coking coal, fob DBCT: $87.16 per tonne, down by $0.90 per tonne.Hard cok...Read More

Mining major BHP and China's Baowu Steel Group are exploring new approaches of conducting iron ore transactions, including the adoption of payments in renminbi and blockchain technology.BHP expects to be able to complete its first blockchain iron ore transaction with the Chinese steel group's subsidiary, Baosteel, soon, the Melbourne-headquartered miner said on Tuesday May 12.This follows the comp...Read More

Over the past four weeks, a large amount of copper inventory has left London Metal Exchange warehouses in the two Asian cities to enter China to tap arbitrage profits, industry sources told Fastmarkets.Combined LME copper stock at South Korea's Busan and Taiwan's Kaohsiung dropped by 28% or 31,750 tonnes from April 14 to May 12. During the period, LME copper inventory in Busan and Kaohsiung shrank...Read More

The London Metal Exchange three-month nickel price was lower during morning trading on Tuesday May 12, with selling pressure mounting across Asian trading hours, while fresh outflows did little to bolster a weaker LME copper price. LME nickel's outright price was recently at $12,255 per tonne, slipping by more than 1.2% from Monday's closing price of $12,354 per tonne, while turnover was minimal a...Read More

China's domestic rebar prices were flat on Tuesday May 12 with most market participants taking a wait-and-see approach.Domestic Eastern China (Shanghai): 3,480-3,510 yuan ($491-495) per tonne, unchangedMonday's price drop after last week's increases led many market participants to suspend trading to wait for further cues to emerge.The lower trading activity kept spot prices steady despite a streng...Read More

Broader markets were generally weaker this morning, Tuesday May 12, amid concerns about clusters of new Covid-19 infections in the Chinese city of Wuhan and in South Korea, while China's consumer price index (CPI) and producer price index (PPI) data releases were weaker than expected. Asian-Pacific and pre-market major western equity indices were mainly weaker this morning. Base metals Three-month...Read More

Zambia has temporarily closed its border crossing with Tanzania at Nakonde to all but essential goods in an effort to curb an increase in Covid-19 cases in the area, according to a notice from the Zambia Revenue Authority.The crossing forms part of a key trucking route for copper and cobalt being shipped out of Dar es Salaam in Tanzania, much more so recently since the lockdown in South Afric...Read More

The production of cobalt may need to increase by 460% from 2018 levels over the next three decades to meet the growing demand for clean energy technologies, according to a report by the World Bank. Cobalt demand in clean energy technologies is seen rising from 140,000 tonnes to 644,000 tonnes by 2050, the report estimated. This is based on the wind, solar and geothermal power, as well as energy st...Read More

Canada-based ferro-titanium producer Metalliage has restarted ferro-titanium production at its Quebec-based plant, almost seven weeks after it shut operations due to the Covid-19 pandemic. The company is reopening after local authorities in the Canadian province on April 5 extended its original shutdown of all non-essential businesses to May 4. The plant has been shut since the provincial governme...Read More

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Hey guys and gals,Sign up for the best guides on the market https://www.patreon.com/golfclashtommyBECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comJoin our Discord!https://discord.gg/VMU5EFCThis is the playthrough for Rookie division with the tournament wind for the Spring Major Tournament.Let me know if you do have any questionsBusi...Read More

Given the fact that none of us know how long this downturn will last, those who want to move some of their holdings away from growth companies and into defensive names would be right to do so, in my view. In this article, I’m going to discuss three excellent defensive picks for long-term investors. With these picks, investors will ride out the economic storm and earn a handsome profit over t...Read More

You all know the golden rule, “He who has the gold, makes the rules.” The years of central bank experimentation are starting to show the flaws in the system. Gold miners are certainly making money off the move toward gold.I have liked gold companies as investments for a number of years. Global debt levels are ridiculously high, and the recent government spending regimen has certainly n...Read More

For many investors, you may be wondering whether it’s a good time to buy TSX stocks.The economy was shut down and stocks sold off in late February and early March. However, since that time, provinces and states in North America have begun to reopen — and the market has rebounded tremendously.Perhaps you’re interested in buying stocks today but aren’t sure if it’s a go...Read More

RPMGlobal's HAULSIM mining simulation tool. Credit: RPMGlobal. Arianne Phosphate is using RPMGlobal's leading mining simulation product, HAULSIM, to optimize key haulage routes for the development of its Lac ? Paul phosphate project in Quebec.Using HAULSIM during the critical engineering study phase allows the company to evaluate several haulage scenarios and effectively link the Lac ? Paul pr...Read More

Image from Inmarsat. Inmarsat, a leader in global, mobile satellite communications, has released a new research study that confirms the global mining industry is going through an IoT revolution, with significant increases in adoption of Internet of Things (IoT) technology.Entitled The Rise of IoT in Mining, the report is the third IoT-focused research project undertaken by Inmarsat and focuses...Read More