Shareholders of both precious metals miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling rival Lonmin (LON:LMI) approved on Tuesday the planned merger of the companies, effectively creating the world's largest platinum producer and the second-biggest palladium miner.Sibanye-Stillwater said that 87% of its shareholders backed the all-share offer, which it revised down in April, valuing t...Read More

Shareholders of both precious metals miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling rival Lonmin (LON:LMI) approved on Tuesday the planned merger of the companies, effectively creating the world's largest platinum producer and the second-biggest palladium miner.Sibanye-Stillwater said that 87% of its shareholders backed the all-share offer, which it revised down in April, valuing t...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second largest producer of the precious metal, said it was considering a $1 billion expansion of its Pueblo Viejo mine in the Dominican Republic in a 60-40 joint venture with Newmont Goldcorp (NYSE: NEM)(TSX: NGT).Having recommitted Barrick to its Latin American portfolio earlier this year, president and CEO Mark Bristow said the company...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second largest producer of the precious metal, said it was considering a $1 billion expansion of its Pueblo Viejo mine in the Dominican Republic in a 60-40 joint venture with Newmont Goldcorp (NYSE: NEM)(TSX: NGT).Having recommitted Barrick to its Latin American portfolio earlier this year, president and CEO Mark Bristow said the company...Read More

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second largest producer of the precious metal, said it was considering a $1 billion expansion of its Pueblo Viejo mine in the Dominican Republic in a 60-40 joint venture with Newmont Goldcorp (NYSE: NEM)(TSX: NGT).Having recommitted Barrick to its Latin American portfolio earlier this year, president and CEO Mark Bristow said the company...Read More

As trade tensions persist, a potential weapon in China's arsenal has emerged: Access to rare earth metals, a critical component of many technology products. China is the primary source of rare earths for manufacturers around the world. And this week, speculation emerged in the Chinese press that, at the very least, the notion of slapping restrictions on rare earth exports is unde...Read More

Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 27, with a softer dollar and comments from US President Donald Trump suggesting a trade deal with China was still possible providing broad support to the complex."President Donald Trump on Friday said that Huawei, the Chinese telecommunications network company, was 'very dangerous' but could still b...Read More

The recent downtrend in Chinese domestic ferro-silicon prices came to a halt in the week ended Friday May 24 amid an uptick in demand, while most suppliers kept their offer prices unchanged as they awaited further direction from June tender prices from steel mills. Chinese domestic market stabilizes, abundance of supply remains a headwind Chinese export offers unchanged in inactive market European...Read More

Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More

Key data from the pricing sessions in London and Shanghai in the week ended Friday May 24.ChinaChina's ammonium paratungstate (APT) export price declined due to a lack of demand. Buyers have reduced the amount of material they would typically keep in their inventories in recent months, which market sources say has contributed to the decline in demand. Participants noted a large number of APT cargo...Read More

After leaving behind a distinguished early athletics background, notably as a successful coach, Dewhurst has built a four-decades business career, about half of which has been lived outside his nativeRead More

Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaExport prices in China rebounded slightly after most exporters raised their offer prices, citing a lack of silicon ore in the country's province of Xinjiang. Sources said the tightness of silicon ore in Xinjiang may be the result of environmental issues affecting mine production in the region. An increase...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaThe Chinese domestic antimony price continued its downward trajectory for a third consecutive week after some suppliers in the country slashed their prices to destock. Other suppliers were reluctant to sell of their stocks because prices had fallen below their production costs. With prices now below produc...Read More

Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More

China's hot-rolled coil prices weakened on Monday May 27 amid thin trading in both the domestic and export markets.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($580-582) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, down 10 yuan per tonneLow trading activity led to prices falling in the spot market.The futures market also weakened, bu...Read More

Import prices for rebar in Singapore picked up some strength over the past week, Qatar and India are poised to start offering rebar to Singapore again after Turkey raised its offers to the island nation.The weekly Fastmarkets MB import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $490-500 per tonne cfr for the...Read More

China's domestic rebar prices continued to drop on Monday May 27 amid losses in the futures market and pessimistic sellers drawing down their inventories.Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($580-587) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,930-3,970 yuan per tonne, down 20 yuan per tonneTraders are bearish about demand and prices for rebar in June because i...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: rebarRebar East China, domestic, grade...Read More

Physical iron ore prices soared further on Monday May 27 on big gains in the futures and swaps markets.MB 62% Fe Iron Ore Index: $108.62 per tonne cfr Qingdao, up $3.30 per tonne. MB 62% Fe Pilbara Blend Fines Index: $106.81 per tonne cfr Qingdao, up $3.30 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $111.35 per tonne cfr Qingdao, up $2.55 per tonne. MB 58% Fe Premium Index: $99.46 per tonne c...Read More