Eastern promise for PolarXSPONSOREDpolarxThe company has filed a prefeasibility study that considers an independent and phased openpit operation at Pumpkin Hollow, which will be value accretive for shareholders.Read More

Turkish steel producers have gone through Thursday without making any deep-sea scrap purchases, because the political situation in the country has changed and the value of the country's lira has become more volatile, sources said on Thursday April 18.Turkey's supreme committee of elections (YSK) has declared opposition candidate Ekrem Imamoglu the winner of the recent mayoral election in Istanbul,...Read More

The price of shredded ferrous scrap imported into India moved up this week with deals done at higher levels than last week, sources told Fastmarkets on Thursday April 18.Fastmarkets' weekly index for containerized imports of shredded scrap into India inched up to $332.25 per tonne cfr Nhava Sheva on Thursday, from $331.32 per tonne cfr one week before.This week, deals were heard for shredded scrap...Read More

Prices for light iron steel scrap in the United Kingdom were unchanged for a fifth week on Thursday April 18 following a recovery in Turkish scrap prices, sources told Fastmarkets on the day.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-110 ($117-143) per tonne on April 18. The price has remained unchanged since March 15.The steady 5C price...Read More

Niron Metals PLC, an investment vehicle with shareholders including former Xstrata chief executive officer (CEO) Mick Davis, has been given the go-ahead to export iron ore from the Zogota deposit in Guinea through Liberia using existing infrastructure. The company signed a Memorandum of Understanding with the Liberian government allowing it to use rail and port facilities to export the material fr...Read More

Brazilian steelmaker Usiminas exported 19.90% less iron ore during the first quarter of 2019 than in the corresponding months of 2018, with the company shifting production to third-parties in the domestic market, it said in an earnings report on Thursday April 18.External shipments of iron ore totaled 868,000 tonnes in January-March, from 1.08 million tonnes a year before. But domestic sales reach...Read More

Participants took a breather from the seaborne coking coal spot market on Thursday April 18 following a flurry of trades earlier this week."We are not in a hurry to offer at the moment, especially since the loading dates for our shipments have been pushed back to May," a Chinese trading source said.Meanwhile, at the Port of Jingtang in China's steelmaking hub of Tangshan, a brand of premium low-vo...Read More

Alcoa's revenue for the first quarter of 2019 was $2.7 billion, down 19% from the fourth quarter of 2018, due to lower alumina and aluminium prices.The producers adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) excluding special items for the first quarter between January and March 2019 stood at $467 million, a 39% decrease from the previous quarter. "We improved ou...Read More

The Chinese domestic indium price dropped by 4% week on week on Wednesday April 17 in response to news that the Fanya Metal Exchange will again auction 34.64 tonnes of the indium stock it holds in its warehouse, after the first auction in January failed to attract any bidders. The stock will be auctioned via Alibaba judicial online platform at 10am Beijing time on April 24 and 10am Beijing time on...Read More

Base metals price on the London Metal Exchange were all trading down on Thursday April 18 after the previous day's boost from positive Chinese industrial production and retail data was replaced by bearish sentiment on weak European data, in particular German PMI figures. Base metals prices spiked on Wednesday when positive Chinese data sparked a spate of bullish consumption, but analysts consider...Read More

South32 has reported record year-to-date manganese ore output in the current 'favorable' market and has increased its 2019 annual production guidance by 4% in both Australia and South Africa.The miner reported 4.25 million tonnes of total manganese production for the nine months of the 2019 financial year beginning in June 2018, up 1% year on year. For the January-March third quarter, product...Read More

Key data from the Wednesday April 17 pricing session in Shanghai. Key driversChina's cobalt market was broadly stable on Wednesday following marginal upticks in international cobalt metal prices at the end of last week, which caused buyers to adopt a wait-and-see stance and thus stifled trading activity. Fastmarkets MB assessed the standard-grade cobalt price at $15.35-16.75 per lb on April 12, na...Read More

Cobalt prices continued their recovery on Wednesday April 17, although gains were more muted than in recent weeks as buyers assessed their restocking needs after recent price increases. Fastmarkets assessed standard-grade cobalt prices at $15.60-16.75 per lb, in-warehouse, on April 17, up from $15.35-16.75 per lb previously.  Alloy-grade prices rose to $16.85-17.65 per lb, up 20 cents on...Read More

Jeff Gerard has been appointed chief executive officer of Katanga Mining, effective May 2, following the resignation of Danny Callow.As well as being CEO of Katanga Mining, Gerard will be head of Glencore's assets in the...Read More

Tibnor, the distribution arm of Swedish steelmaker SSAB, has increased its footprint in Denmark, following the completion of its acquisition of Sanist??l, Denmark's second largest steel distributor, it said on Thursday April 17.The acquisition, worth around 630 million Swedish krona ($68.15 million), includes Sanist??l's automated steel distribution center in Taulov, Denmark, four sales offices in...Read More

Import prices for stainless cold-rolled coil in East Asia were mostly steady over the past week due to soft demand and a stable nickel market, while those for stainless hot-rolled coil fell due to excess spot supply.Stainless CRCFastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed CRC in East Asia was $2,030-2,100 per tonne cif on Wednesday April 17, unchanged fr...Read More

China's stainless steel prices dropped over the past week on sustained weakness in demand and rising inventory levels in the spot market.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-14,500 yuan ($2,106-2,166) per tonne including value-added tax for the week ended Wednesday April 17, down 300 yuan per tonne from a wee...Read More

Ferrous scrap prices in Asia continued to slide this week due to a series of mill stoppages in the region, market sources told Fastmarkets MB.The weak demand led traders to divert excess supply to other key markets.But market sources think prices have likely bottomed out and should experience a rebound soon.VietnamThe Fastmarkets MB import price assessment for bulk cargoes of heavy melting scrap 1...Read More

European demand for finished steel products is forecast to grow by 0.3% year on year in 2019 to 170.2 million tonnes amid a 'deteriorating trade environment and uncertainty over Brexit', according to the World steel association's (Worldsteel) latest short-range outlook."We expect slower growth in demand for steel in the major EU economies (especially in those more export dependent) in 2019," World...Read More

The marijuana stock playing field is uneven and constantly shifting, making the hunt for upside a full-time job in itself. For the casual mid- to long-term investor, selecting cannabis stocks on the TSX index for their momentum can be no mean feat, with some investors simply choosing to follow the herd. Let's see whether investors in one big green ticker should stay invested.Aphria (TSX:APHA)(NYSE...Read More