Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism.* Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly.* United States 10-year treasury yields slip as traders turn more risk-off.Base m...Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesGold production was slightly higher than in the second quarter due to stronger performances from the Carlin mine of Nevada Gold Mines in USA and Pueblo Viejo in Dominican Republic, its two jointRead More

ArcelorMittal Europe has announced details of the CO2 technology strategy that will enable it to offer its first 'green steel' solutions to customers this year, the company said on Tuesday October 13.A two-pronged approach to CO2 technology will enable it to offer 30,000 tonnes of green steel in 2020, which will be scaled up to 120,000 tonnes in 2021 and 600,000 tonnes by 2022, the company said."O...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootThe company announced this week the first hole at Porvenir was completed at 909.3m depth, having intersected 893.4m of vis...Read More

Steel billet and rebar prices remained stable in Egypt in the week to Thursday October 15 while trading activity was modest amid a lack of clarity over market conditions, sources said.Several market sources reported that safeguarding duties for imported billet and rebar had been reduced in the country earlier in the week, although no official documents had been provided to Fastmarkets by the time...Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesNorthern Star Resources and Saracen Mineral Holdings continued their domination of this year's conference by jointly taking out the Dealer Award for their separate acquisitions of the Super Pit.Saracen boss Raleigh Finlayson and Northern Star executive chairman Bill Beament accepted the award, with Finlayson speaking f...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 15 with buyers preferring to hold back from making new deals until the price trend becomes clear, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.63 ($582.18) per tonne on Thursday October 15, up by ?,?0.63 per tonn...Read More

The domestic and export billet prices in Turkey have gone down slightly over the past week in line with the downturn in scrap costs, sources said on Thursday October 15.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $287.22 per tonne on Wednesday October 14, down from $291.59 per tonne on October 7.As a result, Turkish steelmakers reduced their offers for...Read More

Vertex Pharmaceutical (VRTX), a NASDAQ 100 stock moved below $253.97 extending an intermediate downtrend. Verizon (VZ), a Dow Jones Industrial Average stock moved below $58.03 setting an intermediate downtrend.AT&T (T), an S&P 100 stock moved below $27.45 extending an intermediate downtrend.  Pre-opening Comments for Thursday October 15thU.S. equity index futures were lower this morni...Read More

Turkish steel producers went quiet in the deep-sea scrap markets once again on Thursday October 15 after the recent slight upturn in prices. The most recent cargo from the US marked the HMS 1&2 (80:20) price at $287 per tonne cfr on Wednesday October 14, compared with the previous US cargo sold at $285 per tonne on the same basis. But the prices of downstream rebar and billet exports were down in...Read More

Demand in India for steel and ferrous scrap will remain subdued for the rest of this year, while Pakistan and Bangladesh both show stronger demand, Zain Nathani has said during the online Bureau of International Recycling (BIR) 2020 World Recycling Convention.Nathani, managing director of Mumbai-based steel raw materials supplier Nathani Group, gave an overview of the South Asia ferrous and steel...Read More

Seaborne iron ore prices declined slightly on Thursday October 15 with some market participants sensing the start of some price stability after several consecutive downward corrections, trade sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.70 per tonne, down $0.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.04 per tonne, down $0.94 per tonne58% Fe fines high-grad...Read More

Fastmarkets' seaborne premium hard coking coal cfr index edged down day on day on Thursday October 15, with Chinese buyers sitting on the market sidelines, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.21 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $134.27 per tonne, down $0.71 per tonneHard coking coal, fob DBCT: $108.52 per tonne, unchangedHard coking...Read More

Coal exports from Australia's metallurgical coal hub of Queensland in September fell by 9.4% compared with a year earlier and were 4.3% lower month on month.Some 15.95 million tonnes of coal - including some thermal coal - were shipped from the region last month, compared with 17.61 million tonnes a year earlier and 16.66 million tonnes in August, according to data from the North Queensland Bulk.....Read More

Spot prices for Japanese heavy scrap dipped over the past week on reduced purchasing from South Korea, but market participants expect prices to strengthen again toward the end of the year.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?26,500 ($251) per tonne on Wednesday October 14, down ?500-1,500 per tonne from ?27,000-28,000 per tonne a week earl...Read More

China's domestic hot-rolled coil prices fell for a third day on Thursday October 15 amid falling futures, though the export market was stable due to limited supply.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($576-579) yuan per tonne, down 30 yuan per tonneSpot prices in Shanghai fell on Thursday, with losses in the futures market resulting in sellers lowering their offers.But trading activ...Read More

China's domestic rebar prices picked up more downward momentum on Thursday October 15 following early losses in the futures market, though participants' outlook remains bullish.DomesticEastern China (Shanghai): 3,680-3,710 yuan ($547-551) per tonne, down by 20 yuan per tonneRebar futures dropped to a low of 3,582 yuan per tonne in the morning before recovering in the afternoon. This weighed on buy...Read More

Base metals prices on the LME and the SHFE were mixed this morning, Thursday October 15, with concerns over the spread of Covid-19 and the reduced likelihood of a US stimulus package any time soon dampening optimism. Governments in Europe are trying to avoid widespread lockdowns, but Covid-19 is spreading alarmingly. United States 10-year treasury yields slip as traders turn more risk-off. Base me...Read More

A socially-distanced mating season means that contract negotiations in the minor metals, ores and alloys sector will look very different this year. Here, Fastmarkets' team considers the backdrop to the 2021 contract discussions.Seeking flexibility...Concern over the second wave of Covid-19 infections sweeping across Europe was an example of the uncertainty that negotiating parties will try conside...Read More

The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More