The steel mills in Turkey have continued to book deep-sea scrap cargoes for August shipments to replenish their stocks, sources said on Wednesday July 3.A steel mill in the Marmara region booked a US cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $299 per tonne, 5,000 tonnes of shredded at $304 per tonne and 5,000 tonnes of bonus at $309 per tonne cfr.This compared with the...Read More
Seaborne iron ore prices were down on Wednesday July 3, even as futures on the Dalian Commodity Exchange closed higher after hitting a five-year peak a day earlier. MB 62% Fe Iron Ore Index: $124.75 per tonne cfr China, down $1.02 per tonneMB 62% Fe Iron Ore Index-Low Alumina: $125.83 per tonne cfr China, down $0.41 per tonneMB 58% Fe Premium Index: $114.86 per tonne cfr China, down $0.18 per tonn...Read More
The seaborne coking coal market continued to weaken on Wednesday July 3 with fob Australia offers falling further while Chinese participants took a step back in anticipation of the outcome of a couple of tenders.A cargo of unbranded materials was offered at $185 per tonne fob Australia on the Global Coal trading platform during the day, down $1 per tonne from a day earlier. A shipment of branded m...Read More
China will allow 15,000 tonnes of ferrous scrap to be imported in 2019, according to a notice seen by Fastmarkets MB this week.The China Solid Waste & Chemicals Management Center listed nine companies in Zhejiang province that have been awarded quotas to import ferrous scrap through ports in the cities of Ningbo and Shanghai. The companies, listed below, can use their quotas in the third and fourt...Read More
Michael Overlander will leave his role as chief executive officer at Sucden Financial and move to become non-executive Chairman of the company, effective of January 1, 2020. Current deputy CEO Marc Bailey will take over the role of CEO from Overlander, Sucden confirmed on July 3. Overlander has worked for the Sucden Group since 1973 and was appointed to the board of Sucden Financial in 1984. He ha...Read More
Exporters of Chinese hot-rolled coil pushed ahead with higher prices on Wednesday July 3 on expectations of a turnaround of the domestic market, notwithstanding the day's losses.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($566-568) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, down 30 yuan per tonneSpot prices fell further after mills lowered their...Read More
The following Fastmarkets minor metals prices changed on Wednesday July 3:Minor metalsAntimony MB free market regulus, $/tonne: $6,100-6,250 per tonne from $6,180-6,400Antimony MMTA standard grade II, $/tonne: $6,000-6,200 per tonne from $6,100-6,350Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 37,500-39,000 yuan per tonne from 38,000-39,000 yuanBismuth...Read More
Key data from the Fastmarkets' Wednesday July 3 pricing session in Europe:Key drivers The European ferro-titanium price fell for the sixth consecutive week after six weeks of stability.Demand has been quiet while the market moves into the seasonal summer slowdown, although some European suppliers say they are resisting going as low as the prices currently being offered from Russia. The initial bou...Read More
China's leading stainless steel mills -Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have cut their July tender prices for high-carbon ferro-chrome by 450-500 ($65-72) yuan per tonne month on month on July 3.Tsingshan and Baosteel announced the month on month 450-yuan-per tonne reduction in their July tender prices for high-carbon ferro-chrome earlier in the morning on July 3, with...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 3:Aluminium scrapCommercial pure cuttings: ?870-920 per tonne from ?900-950Loose old rolled cuttings:...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More
Japan closed all 76 of its gold mines during World War II and reallocated personnel to base metal mines and factories. After the war, it only re-opened 12 of the mines, leaving the other 64 closed to this day.It wasn't until 2012 that Japan allowed foreign mining companies to come to its shores for the first time in its history.That's when entrepreneur John Proust formed Japan Gold (TSXV: JG; US-O...Read More
Become a GWK Exclusive Member: https://www.youtube.com/channel/UCrkf...**FOLLOW KEV ON INSTAGRAM** http://www.instagram.com/kevinedwardsjrHelp me reach 4,700,000 subscribers! Click here to subscribe! ?-? https://goo.gl/1ldLPxSubscribe to GamingWithJaden: https://goo.gl/kPNdf9Subscribe to GoKameronGo: https://www.youtube.com/channel/UCE4_...Subscribe to GamingWithLalo- https://www.youtube.com/user/...Read More
The S&P500, Dow Jones and Nasdaq rose as US data pointed to slowing economic growth, fuelling hopes of further interest rate cuts.Gold rose back over US$1,400 an ounce and was worth close to US$1,419/oz on the spot market earlier.The world's biggest gold miner Newmont Goldcorp (NYSE: NEM) touched a one-year high intraday and closed up 0.8%.Iron ore has continued to rise, to $127.15 per tonne f...Read More
It is understood they were trapped for about 24 hours after the service shaft at the Cory mine stopped operating on Tuesday afternoon.The mine was in a planned maintenance shutdown, according to reports."All 34 miners are safe and have access to water and food," the United Steelworkers union tweeted while the group remained underground.Nutrien spokesman Will Tigley told local media late Wednesday...Read More
The new company, Metso Outotec Corporation, will be run by current Metso CEO Pekka Vauramo with Outotec chief Markku Terasvasara deputy CEO along with CFO Eeva Sipila.Metso Minerals, the dominant business of Metso Corporation, was the world's ninth biggest METS company in Mining Journal's 2019 Global METS Investment Report, which had Outotec ranked at No.17.The projected €4.2 billion combined...Read More
Mining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. It is not the first time environmental activist alliance, the Kalikasan People's Network for the Environment,...Read More
Our home is overrun with family today.Aunts, uncles, grandparents, mothers, fathers, and a gaggle of kids running around the yard, playing tag and climbing trees.We have plenty of beer in the fridge, most of it from a local brewery, but I threw a six-pack of Coors Light in the back for my uncle who refuses to drink "fancy beer."We'll nosh on hamburgers, Polish sausages, homemade sauerkraut, and pl...Read More
Dr. Ron Paul & Chris Waltzek Ph.D. - July, 2nd, 2019.* Mp3.HighlightsFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar. In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event could mark the beginning of...Read More
In this episode of the Keiser Report from San Francisco, Max and Stacy discuss bitcoin as the ultimate safe haven in the days of central bank madness. They also discuss the conspiracy theory turned conspiracy fact as Merrill Lynch admits to manipulating precious metals markets with spoof trading.In the second half, Max interviews Randy Brito from LochaMesh bringing mesh net to bitcoin communities...Read More