The global refined tin market may be experiencing a shortage in the delivery of tin concentrates that could cause fundamental market tightness and a higher three-month tin price on the London Metal Exchange, numerous supply-side sources informed Fastmarkets.This follows reports that China, the world's largest tin producer, is struggling to source consistent imports from its principal supplier, Mya...Read More

Brazilian production of light vehicles increased by 29.9% year on year in May due to a recovery in domestic consumption.The country produced 275,700 units in May, up from 212,300 units a year earlier, according to figures released by national car association Anfavea late last week.The increase in production was mainly due to a continuing recovery in domestic market consumption, Anfavea said.....Read More

The European Commission (EC) has prohibited the creation of a regional flat steel joint-venture by ThyssenKrupp and Tata Steel under EU merger regulations, the EC said on Tuesday June 11.The EC determined that the merger would have reduced competition and increased prices for various types of steel products, and the steelmakers had not offered adequate remedies to address those concerns, the EC sa...Read More

The export market for steel slab from the Commonwealth of Independent States was quiet in the first week of July, with some major producers preferring to hold back their offers due to the uncertain market conditions.Market participants expected competition with Brazilian suppliers to escalate in the coming weeks because the South American country's quota for imports into the United States was clos...Read More

The CIS export rebar and wire rod market was quiet in the week to Monday June 10 due to the Eid holidays, marking the end of the holy month of Ramadan, in the major sales outlets.Customers preferred to take a wait-and-see position, expecting prices to decrease in the near term following the softening of import scrap prices in Turkey at the end of last week. Indications of rebar offers from Ukraine...Read More

China's domestic hot-rolled coil prices bounced back on Tuesday June 11 amid robust trading supported by rebounding futures.DomesticEastern China (Shanghai): 3,840-3,850 yuan ($554-556) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,780-3,800 yuan per tonne, up 40-50 yuan per tonneTrading activity rose during the day amid gains in the futures market, in contrast with the subdued buy...Read More

The Turkish deep-sea scrap import market was mostly quiet on Tuesday June 11 with the mills focused on making sales of finished steel, sources told Fastmarkets.The mills in Turkey booked three deep-sea cargoes from the United States over the weekend, taking advantage of falling prices.The prices on those cargoes sent the daily scrap indices down by around $11-12 per tonne at the beginning of the w...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreVale, tender, 105,000 tonnes of 64.48% Fe Pellet Feed Carajas, traded at the July average of the Fastmarkets...Read More

Thin trading kept prices for seaborne coking coal largely stable on Tuesday June 11.A June-loading cargo of a top Australian brand was being negotiated for a trade against the June average of an index at a premium of around 4% during the day, sources said. No transaction was finalized at the time of writing.A shipment of lower-ranked second-tier hard coking coal, scheduled for loading at the end o...Read More

China's rebar prices rebounded on Tuesday June 11 after Beijing urged local governments to issue special bonds to support economic growth and maintain a reasonable level of liquidity in the market.Domestic Eastern China (Shanghai): 3,900-3,940 yuan ($563-569) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 3,800-3,860 yuan per tonne, widened upward by 20 yuan per tonneThe State Council...Read More

Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday June 11, improving despite continued trade war uncertainty while both the United States and China continue to threaten additional tariffs. Climbing furthest over the morning, three-month nickel futures are now trading 2% higher and back above $11,850 per tonne after falling to an intraday...Read More

With the exception of nickel that was little changed, base metals prices on the Shanghai Futures Exchange were all up during morning trading on Tuesday June 11.The broad-based strength exhibited by the base metals comes amid an improvement in risk sentiment while market participants focus on an upcoming meeting between US President Donald Trump and his Chinese counterpart Xi Jinping at the Group o...Read More

The domestic spot price for gallium in China has remained unchanged for around a month, with suppliers holding their offers steady despite persistently weak demand because some domestic alumina refiners were ordered to halt production, market sources told Fastmarkets on Tuesday June 11.Fastmarkets assessed the price of Chinese domestic gallium, min 99.99%, at 950-980 yuan ($137-141) per kg on June...Read More

Los Andes Copper (TSXV: LA) says its Vizcachitas project - a copper-molybdenum porphyry deposit 150 km northeast of Santiago, in central Chile - will be the South American country's next major copper mine.The project, which would produce copper and molybdenum concentrates from an open-pit mine and concentrator, sits at a relatively low elevation of 2,000 metres above sea level, and is just 65 km f...Read More

Barrick Gold (TSX: ABX; NYSE: ABX) is taking part in a bought-deal offering by Midas Gold (TSX: MAX; US-OTC: MDRPF) to keep its pro rata interest in the junior exploration and development company with a gold project in central Idaho.Midas Gold is offering 33.2 million common shares at 60 ? per share for proceeds of $19.9 million, which will help advance a feasibility study and permitting at its St...Read More

Bob Moriarty ArchivesJun 12, 2019It’s no secret that copper is both in severe shortage with increasing demand at the same time production is declining. A new Canadian based junior exploration company has an interesting direction they are moving in. Rockridge Resources (ROCK-V) wants to use modern advanced technology to test old mining camps in safe jurisdictions.Their latest drill results fr...Read More

Weekly Reports |Jun 12 2019The uranium spot price has posted its first weekly increase in almost two months.-Buyers Emerge-Uranium market remains fractured-Finland gets ambitiousBy Greg PeelAfter a long, steady decline in the spot uranium price in 2019 on section 232 uncertainty, buyers finally emerged from the woodwork last week in the form of both utilities and investors. While US utilities cont...Read More

You've never heard the name Riley "Floyd" Harris before now.Don't beat yourself up; very few people today remember Floyd's indelible place in history.It's not a stretch to say that you and I owe him a huge debt of gratitude for the role he played in shaping America's meteoric rise as a global energy powerhouse.Still scratching your head? You see, Floyd was a young engineer working for Stanolind Oi...Read More

Delrey Metals Corp. (CSE:DLRY, FSE:1OZ, OTC:DLRYF) has an option to earn an 80% interest in the Four Corners, advanced stage, iron-titanium-vanadium exploration project, located in Newfoundland and Labrador. We learned from Morgan Good, Founder, President and CEO of Delrey Metals, that the Four Corners Project has positive historical drilling, metallurgy, and development economics, as well as grea...Read More

Dave KranzlerIn April credit card debt was once again the largest contributor to the new all-time high in consumer debt, increasing by $7 billion vs. a decline of $2 billion in March. Student loan and auto debt hit all-time highs of $1.6 trillion and $1.16 trillion, respectively. I found the credit card debt numbers interesting because a report released by Experian showed that 23% of Americans n...Read More