Base metals prices on the Shanghai Futures Exchange were mixed at the close of the morning trading session on Thursday December 26, with activity remaining limited ahead of year-end holidays."It is the holiday season and market activity is very thin because many people are on their vacation now," a base metals analyst in Shanghai told Fastmarkets.Participants have been winding down ahead of holida...Read More
Copper cathode premiums in China fell this week amid year-end destocking, a lack of significant spot demand and a persistently closed import arbitrage window between Shanghai and London.Fastmarkets assessed the copper grade A cathode premium, cif Shanghai at $42-55 per tonne on Tuesday December 24, down by $8 per tonne from $50-63 per tonne a week earlier. The latest assessment marks the lowest si...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
Northern China's Puyang Iron & Steel (Puyang Steel) plans to add 1.37 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity in December 2021, according to Hebei Provincial Industry & Technology Information Department. New facilities: one 1,580-cubic-meter blast furnace, one 140-tonne converterConstruction start date: March 2020Location: Handan city,...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarEast China, domestic, grade III...Read More
Two steel mills in northern China have sold 2.21 million tonnes per year of iron-making capacity and 1.52 million tpy of crude steel capacity to mills in the southern region, according to local government notices released earlier this week.Seller: Hebei Chengde Shengfeng SteelLocation: Chengde city, Hebei provinceCapacity sold: 1.48 million tpy of iron-making capacity, 1.52 million tpy of crude st...Read More
The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom. Latest transaction: billetBillet China,...Read More
Export prices for Chinese plate rose over the past week after a mill in the northern region raised its offers.Fastmarkets' price assessment for January/February shipments of steel heavy plate export, fob China main port was $470-475 per tonne for the week ended Tuesday December 24, narrowing upward by $5 per tonne from $465-475 per tonne fob a week earlier.Most sources reported transactions being...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 25.Key drivers Cobalt sulfate prices ticked up on Wednesday amid increased inquiries from consumers who need to restock ahead of a temporary suspension of logistics services, which will take place around mid-January, a week before the Chinese New Year holiday (January 24-30).Meanwhile, producers have broadly...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 25Key drivers After declining for six weeks, Fastmarkets assessed the price of antimony, MMTA standard grade II, ddp China as flat week on week at 36,500-37,000 yuan ($5,219-5,291) per tonne on Wednesday December 25.Many suppliers had kept their offer prices unchanged over the past week.Some consumers had re-entered the mark...Read More
China's stainless steel prices were unchanged over the past week with markets winding down toward the year-end. DomesticFastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,300-15,100 yuan ($2,047-2,161) per tonne including value-added tax on Wednesday December 25, unchanged from a week earlier.S...Read More
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AntaKori project site. Image by Regulus Resources Regulus Resources (TSXV: REG) has closed its previously announced bought deal financing, including the exercise in full of the underwriter's option. Under the public offering, the company issued 7.78 million units at C$1.06 per unit, with each comprising one common share and one half of one common share purchase warrant, for aggregate gross procee...Read More
Rough diamonds. (Reference image courtesy of Alrosa). The world's top diamond producer by output, Alrosa (MCX: ALRS), and the Zimbabwe Consolidated Diamond Company announced this week the signing of a number of agreements to finalize the creation of a joint venture for prospect and exploration work for primary diamond deposits in Zimbabwe. Alrosa says its Zimbabwean operations will follow busine...Read More
Atacama Kozan operation in Chile's Copiap?? province. (Image courtesy of Atacama Kozan). Atacama Kozan, a Chilean-Japanese mining company that operates its namesake copper mine in the Copiap?? province in northern Chile, filed a legal complaint alleging being the victim of fraudulent transactions carried out by Chilean senator Rafael Prohens.According to court documents obtained by local Radio B?...Read More
Sphinx Resources' director Michel Gauthier (left) operates a drone while workers carry out stripping (background) in 2017 at the Sonny zone on the Calumet-Sud zinc property in Quebec. Credit: Sphinx Resources Zinc prices have fallen 32% from a high of $1.63 per lb. in early 2018 to $1.15 per lb. But Jeremie Ryan, CEO of Sphinx Resources (TSXV: SFX), is rolling with the punches."Price fluctuations...Read More
Silver-coloured Leicester's World Tree sculpture. (Image by Mat Fascione, Geograph.org.uk). Researchers at Wake Forest University in North Carolina are using silver diphosphide (AgP2) as a novel catalyst that takes carbon dioxide pollution from manufacturing plants and transforms it into a material called syngas, from which the liquid fuel used in manufacturing is made.The new catalyst allows the...Read More
Mining andenergy companies in Australia looking to develop innovative solutions to marketchallenges now have a cutting edge location in Accenture's new Innovation Hubin Perth. Both the mining and energy sectors are currentlyfacing a world of disruption. Technology has brought dynamism for both, asartificial intelligence (AI), Internet of Things (IoT) and data analytics amongothers start to play a...Read More
Treaty Creek Project - Image courtesy of Tudor Gold CorpThe natural endowment of Canada's British Columbia province, the Yukon and Northwest Territories continues to drive mineral exploration and development. Here are eight companies active in the region:American Creek ResourcesAmerican Creek Resources (TSXV: AMK) is exploring for gold and silver in British Columbia's Golden Triangle area. The c...Read More
Illegal mining in Indigenous land Tenharim do Igarap?(C) Preto, Amazonas. (Image by Vin?-cius Mendon??a/Ibama, Wikimedia Commons). Actor Leonardo DiCaprio has published a social media post slamming the Brazilian government for its lack of protection of Indigenous territories against artisanal mining.In his post, DiCaprio points out that despite Brazilian laws that make mining on Yanomami Indigeno...Read More