Samarco - Vale and BHP's iron ore pellet joint venture - is likely to restart its operations in Brazil's southeastern Minas Gerais state in the second half of 2020.The restart will take place in "either the third or fourth quarter" of next year, according to Chris Barrington, the chief advisor to the International Iron Metallics Association (IIMA).He disclosed this in his presentation, The Global...Read More
The seaborne coking coal market regained its downward momentum on Wednesday June 19 with participants mostly fixated on their bearish outlook for prices.A July-loading cargo of branded materials was traded on the Global Coal trading platform at $195 per tonne fob Australia during the day, various sources confirmed.A shipment of premium mid-vol hard coking coal, also scheduled for loading in July,...Read More
A major Japanese steelmaker has settled its pulverized coal injection (PCI) price for April-June at $141 per tonne fob Australia with Australian producer Realm Resources for the low-vol PCI Foxleigh.This compares with the settlement at $142 per tonne that it paid for both the January-March quarter and the corresponding quarter last year. The Fastmarkets...Read More
Dovish comments from European Central Bank (ECB) president Mario Draghi combined with some positive US-China trade developments, in that US president Donald Trump said he will meet Chinese president Xi Jinping in late June, to prompt a recovery in equities and industrial metals prices on Tuesday June 18. Markets are now consolidating while they await direction from the conclusion of today's US Fed...Read More
Base metals prices were broadly steady to lower in morning trading on the London Metal Exchange on Wednesday June 19, with waning macroeconomic optimism weighing on commodities.Trading volumes across the complex were thin after bearishness resurfaced, reflecting weakening global economies and the unlikelihood of an imminent US-Sino trade deal.The LME three-month lead price held its ground, trading...Read More
Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Wednesday June 19 amid renewed trade optimism and a more dovish tone from policymakers.The broad-based strength exhibited by the SHFE base metals follows comments from US president Donald Trump on social media overnight that he will meet with Chinese counterpart Xi Jinping at the Group of Twenty...Read More
A decade ago, the Shanghai Futures Exchange launched its steel rebar futures contract. In the years that followed it has become the gold standard for steel derivatives, achieving a success that other exchanges aspire to emulate. And they are definitely trying, with a total of 11 steel derivatives contracts launched by the main trading exchanges since. SHFE, which launched a wire rod futures contra...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Fastmarkets' Wednesday June 19 pricing session in Europe.Key drivers The European ferro-titanium price fell for the fourth consecutive week after six weeks of stability. Demand has been quiet since an initial bout of short-covering in mid-April when major European producer FE Mottram stopped production after a fire damaged its UK plant.FE Mottram aims to restart product...Read More
The following Fastmarkets minor metals prices changed on Wednesday June 19:Minor metalsAntimony MB free market regulus, $/tonne: $6,300-6,550 per tonne from $6,350-6,600Antimony MMTA standard grade II, $/tonne: $6,150-6,400 per tonne from $6,200-6,450Bismuth MB free market, $/lb: $3.00-3.30 per lb from $3.10-3.40Cobalt MB free market alloy grade,...Read More
Largo Resources has appointed Paul Vollant as its director of sales and trading, the vanadium producer said on Wednesday June 19.Starting from September 2019, Vollant will lead the development of Largo's sales and trading business, the Toronto-based producer said.Vollant's experience includes the position of general manager of sales and marketing at TNG Limited, Shanghai, where his responsibilitie...Read More
Key data from the Wednesday June 19 pricing session in Shanghai. Key drivers - The cobalt sulfate price in China trended lower on continued weak demand, although the rate of descent slowed in June compared with May, which reflects producers' resistance to lower bids.- Changes to the Chinese subsidies policy on electric vehicles...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 19:Aluminium scrapCommercial pure cuttings: ?920-960 per tonne from ?930-970Commercial cast: ?730-760 per tonne from ?740-770Group 7 turnings: ?420-440 per tonne from ?430-450Aluminium...Read More
The European Commission (EC) imposed definitive safeguard measures on 28 imported steel products in February, replacing the provisional measures that had been in place since July 2018.The EC opened the safeguard case in an attempt to prevent steel shipments being redirected to the EU after the United States imposed import tariffs as part of its Section 232 investigation. Almost one year after the...Read More
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MUSIC PRODUCED BY KILLSTATION-DIRECTED BY JMPDP MIKE KOZIELVIDEO PRODUCED BY COSMO ORLANDO & JIORGI MILLERAC FRANKLIN RICARTSTEADY CAM ASER SANTOSGAFFER SETH STERNGRIP TJ SIGNAIGOVFX BY STRIPMALL PRODUCTIONSEDIT JMP & NOLAN SANTANACOLOR JMPMAKEUP CAROLINE MINER SMITHLEAD ACTRESS LAYLASHAPIROCOPS ADAM KAPLAN & DAVID PIVTORAKEMT DREW PERCIVAL & MADELIN ANTICMORGUE SYDNEY KRAMERGEAR FROM BIRNS & SAWY...Read More
IMPERIAL MININGGROUP, symbol IPG on TSXV at .07 cents a share is a newly created (2018)Qu?(C)bec?EUR?based exploration and developer of base metal, gold and technology metalsdeposits. Imperial (IPG) was originally a private corporation and acquiredassets of two Canadian exploration companies "Peak Mining" and "NQExploration." The market for the sma...Read More
The hit of 622m grading 0.6% copper and 0.2 grams per tonne gold from 204m depth (including 188m at 0.9% copper and 0.Read More
Driving through central Florida this week, I was pretty bummed out.I remember, many years ago, driving through this part of the state as a kid.My folks would always stop at the same roadside stands where families of Vietnamese farmers sold fresh oranges and grapefruits. They were so delicious and gave us something to eat during those hour-long treks through little more than flat grasslands and ora...Read More
- Gary ChristensonMost of us understand "there's no free lunch." Someone must pay for the products and services we use. The acronym is TANSTAAFL, or "There Ain't No Such Thing As A Free Lunch." The saying has been around for decades, even prior to Robert Heinlein's "The Moon is A Harsh Mistress."Our morning coffee is an example. Coffee beans were planted, grown, harvested, roasted, transported...Read More