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AT A GLANCE: Vale's Q1 income soars on higher iron ore, base metals prices

April 28, 2021 / www.metalbulletin.com

A summary of Brazilian miner Vale's results for the first quarter of 2021, as stated in its earnings report published on Monday April 26.In brief Vale's realized price for iron ore - considering transactions in both a fob and a cfr basis - increased on rising indices and higher-quality premiums, but was offset by marking prices at lower levels for the quarter and a larger amount of sales on a fob...Read More

Copper royalty bill could scupper Chile investment

April 27, 2021 / www.mining-journal.com

Under the bill approved on Monday by the Mining Commission of Chile's lower house, the state would receive a royalty of 3% of the value of minerals extracted compared to the current royalty calculatedRead More

IN CASE YOU MISSED IT: 5 key stories from April 27

April 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More

Ferroglobe to 'restructure' Europe ferro-alloys output

April 28, 2021 / www.metalbulletin.com

Ferroglobe will restructure its ferro-alloys production plants in France and Spain, which will affect manganese alloys, silicon and foundry alloys output near term, the company told Fastmarkets.Spain-based Ferroglobe has the production capacity for more than one million tonnes per year of ferro-alloys, such as manganese alloys, ferro-silicon, ferro-silicon magnesium, as well as foundry alloys such...Read More

Copper price rally sees scrap 'sold above intrinsic value' to China

April 28, 2021 / www.metalbulletin.com

Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More

FOCUS: Ferrous prices in Asia could surpass 2008 levels in May

April 28, 2021 / www.metalbulletin.com

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings for June shipments

April 28, 2021 / www.metalbulletin.com

Turkish steel mills have started buying deep-sea scrap again at steady prices for shipment in June, market participants told Fastmarkets on Tuesday April 27.A steel mill in the Marmara region booked a Baltic Sea cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $427.50 per tonne cfr.This compared with the most recent deep-sea transactions heard on April 21, when two Baltic Sea suppliers secu...Read More

AT A GLANCE: Boliden reports weak Q1 output; profits down on last quarter of 2020, but up year on year

April 28, 2021 / www.metalbulletin.com

A summary of Swedish metals producer Boliden's financial and production results for the first quarter of 2021, as released on Tuesday April 27.In brief Boliden's total operating profit for the first quarter of 2021 was 2,779 million Swedish krona ($331.5 million), down from 3,077 million krona in the last quarter of 2020. In a year-on-year comparison, however, operating profits increased by 1...Read More

Arizona Gold drills 10.8 metres of 8.2 g/t gold at Copperstone, Arizona

April 27, 2021 / www.canadianinvestor.com

Share this article TORONTO - Arizona Gold Corp. [AZG-TSX; AGAUF-OTCQB], formerly Kerr Mines Inc., has released additional underground drilling results at its 100%-owned, fully permitted, Copperstone gold project in LaPaz County, Western Arizona.Giulio Bonifacio, CEO, stated: "We are pleased to announce additional drill results from the current underground core drilling program, which continues...Read More

MORNING VIEW: Base metals prices mainly higher, with nickel getting into gear too

April 28, 2021 / www.metalbulletin.com

Copper is once again pushing ahead with its advance toward $10,000 per tonne this morning, Tuesday April 27, and such is the upward momentum now across most of the complex that it has woken nickel up from its two-month slumber in low ground. Market focused on economies that are recovering......less so on the areas where Covid-19 is ragingBase metalsMost of the LME three-month base metals prices we...Read More

King Island Scheelite Limited (ASX: KIS): Commencing Production and Shipping Their First Tungsten Concentrate in the Final Quarter of 2022 Johann Jacobs, Executive Chairman Interviewed

April 27, 2021 / www.metalsnews.com

At PDAC 2021, we spoke with Johann Jacobs, Executive Chairman of King Island Scheelite Limited (ASX: KIS). King Island Scheelite is focused on redevelopment of its 100% owned, past producing Dolphin Tungsten Mine, located on King Island, Tasmania. Initially, the focus is on producing a high-grade tungsten concentrate, however plans are well advanced to value-add the product for supply into the ups...Read More

EUROPE HRC: Domestic prices up again on persistent shortage

April 28, 2021 / www.metalbulletin.com

Fastmarkets' daily indices for domestic hot-rolled coil inched further up on Tuesday April 27 due to the continuing shortage in Europe combined with strong demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?973.33 ($1,176.99) per tonne on April 27, up by ?,?2.08 per tonne from ?,?971.25 per tonne on Monday.The in...Read More

FOCUS: Ferrous prices in Asia could surpass 2008 levels in May

April 28, 2021 / www.metalbulletin.com

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

GULF STEEL BILLET, REBAR: Prices mostly flat on weak demand

April 28, 2021 / www.metalbulletin.com

Prices for steel billet and rebar were mostly stable in the United Arab Emirates during the week to Tuesday April 27 because of weak demand during the Islamic holy month of Ramadan, sources told Fastmarkets.Working hours are reduced during Ramadan and the month is traditionally a period of low trading activity for the Middle East region, Fastmarkets understands.Rebar producers in the UAE...Read More

FOCUS: Ferrous prices in Asia could surpass 2008 levels in May

April 28, 2021 / www.metalbulletin.com

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

CHINA REBAR: Trading activity down on high prices

April 28, 2021 / www.metalbulletin.com

China's domestic rebar prices stopped rising on Tuesday April 27 because buying interest dropped after Monday's price hike, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($802-806) per tonne, unchangedEnd users felt it was difficult to keep high procurement rates at their current prices and they bid lower, a trader in Shanghai said. Sellers maintained prices because t...Read More

IN CASE YOU MISSED IT: 5 key stories from April 27

April 28, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More

Why The Bull Run In Silver Is Just Getting Started - Mike Maloney

April 27, 2021 / marketsanity.com

Is this just the beginning of the bull run in silver? Mike Maloney and Jeff Clark believe it is, watch today's video to see why.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly...Read More

George Gammon: Prepare For IMF Plan To Replace Bitcoin/Gold/Dollar With Digital SDR!! (America's Dystopian Future)

April 27, 2021 / marketsanity.com

In this video George Gammon shares fantastic info on the Dystopian Future of America & how to prepare ourselves mentally, so that we can create a better world. He talks about the IMF plan to replace Bitcoin/Gold/Dollar with a digital currency from central banks, and how to adopt the right mindset, so that we can create freedom and success in life. George Edward Gammon is an American real estate in...Read More

Lynette Zang: Will next silver squeeze drain the LBMA?

April 27, 2021 / marketsanity.com

Lynette Zang joins me to discuss the current silver situation.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be a...Read More

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