Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne, down $2.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, down $3.42 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, down $4.31 per tonne 65% Fe Brazil-or...Read More
China's domestic rebar prices dipped on Friday April 30, just a day before the start of a five-day break to mark Labor Day in the country.DomesticEastern China (Shanghai): 5,180-5,200 yuan ($801-804) per tonne, down by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 5,170-5,200 yuan per tonne, up by 60-70 yuan per tonneSeveral Shanghai-based traders said the market was inactive throug...Read More
Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday. Tin's three-month price rose the most on Friday morning, with a 1.3% gain to $28,835 per tonne.It is currently at its highest level since August 2011 and has recently been spurred on by the...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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.Fastmarkets assessed Cobalt...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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.Fastmarkets...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Fastmarkets assessed Cobalt sulfate...Read More
The European Commission (EC) will set provisional anti-dumping duties of 13.40-34.60% on cold-rolled stainless steel from India and Indonesia, the EC said on Friday April 30.The tariffs will not come into force until European authorities publish a full document regarding preliminary measures in the Official Journal of the European...Read More
A surging London Metal Exchange aluminium price continued to push scrap prices higher and pinch European secondary aluminium smelter margins in the week to Friday April 30. Secondary aluminium ingot prices are under pressure, with shut automotive plants reducing demand for metal, while the higher LME price is raising feedstock costs for ingots. Purer grades of aluminium scrap, sold on a percentage...Read More
Tanzanian Gold's (TSX: TNX; NYSE: TRX) Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania, is on track to become the region's newest gold mine, according to the company's CEO Stephen Mullowney.The project involves the re-development of the past-producing Buckreef underground gold mine operated by a state-owned mining company during th...Read More
Despite keen investor interest, streaming and royalty deals still only make up a fraction of overall debt and equity financing in the mining industry, accounting for just 1%-3% from 2017 through 2019. That seems surprising, because as a new report by McKinsey & Company shows, when looking at the returns offered to shareholders by these companies, the market definitely considers the business model...Read More
Chilean private equity fund Miner?-a Activa has put up for sale its Pampa Camarones copper mine in the country's far north amid an ongoing copper price rally that saw the bellwether metal passing US$10,000 a tonne this week for the first time since 2011.The firm, which acquired the operation in 2016 after its previous owners declared it bankrupt, made the decision to sell it earlier this year, rec...Read More
Belgium's Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot stranded at a depth of thousands of metres.The company reported on April 28 that its Patania II, a 25-tonne mining robot prototype, had uncoupled from a 5 km long (3.1 miles) cable connecting it to the surface.The unit of...Read More
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