Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country's own manufacturing supply to keep up, the company's chairman, president and chief executive officer said.Lourenco Goncalves told a conference call for the Cleveland, Ohio-based company's third quarter earnings that the company didn't hav...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copper In the June quarter Morila produced 12,555oz, with the project on its way to becoming a 25,000-50,000oz per quarter producer start...Read More

Vale has restarted a conveyor belt at its Salobo copper mine in Brazil following an 18-day stoppage due to a fire, the multi-metal producer said on Friday October 22.Activities at the site's processing plant resumed on Friday, and the company will subsequently ramp up copper concentrate output on Monday October 25.An estimated 8,000 tonnes of copper production was lost because of that downtime, Va...Read More

Aluminium billet premiums remained high across the globe on Friday October 22, with market participants focused on business for 2022.EuropeEuropean billet premiums hit more record highs in the week ended October 22, with continued strong demand and concern about availability going into next year.Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), at $...Read More

The spot copper concentrate processing charge continued to drop for the fourth consecutive week. Fastmarkets assessment of the copper concentrate treatment charge/ refining charge (TC/RC) stayed below $60/6 with a lack of liquidity and spot appetite.   Smelters' purchase TC was assessed at mid-to-low $60s while traders' purchase TC was at low $50s for standard material. ...Read More

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 22, with aluminium increasing the most in percentage terms and tin leading the declines.Aluminium inventories grew by 20,657 tonnes, or 8.3%, week on week to 269,582 tonnes, from 248,925 tonnes previously, with stocks in warehouses in Henan, Guangdong and Jiangsu region...Read More

A summary of Swedish metals producer Boliden's financial and production results for the third quarter of 2021, as released on Friday October 22.In brief:?EUR?Boliden's revenues for the third quarter of 2021 were 15,906 million Swedish krona, rising from 13,550 million krona in the previous quarter.?EUR?Boliden's total operating profit for the same June-September period, however, was 2,305 million...Read More

Prices for Brazilian slab declined in the export market amid fresh deals, but sources see solid demand.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil was at $720-740 per tonne on Friday October 22, down by $20 from $740-760 per tonne a...Read More

Prices for cold-rolled and galvanized steel sheet in the United States edged lower on Thursday October 21 after remaining flat for several weeks.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US stood at $108 per cwt ($2,610 per ton) on October 21, down by 1.82% from $110 per cwt on October 14 but up by 166.67% from $40.50 per cwt one year earlier.Fastmarkets' assessment for s...Read More

Carbon steel plate prices in the United States were stable on Friday October 22 but are expected to go up next week, since Nucor announced a price increase Friday that market participants believe will be accepted.Fastmarkets' cut-to-length plate, fob mill US price was assessed at $89 per hundredweight ($1,780 per short ton) on Friday, flat since October 1 and at an all-time high.Inputs ranged...Read More

Hot-rolled coil prices in the United States ended the week by sliding to their lowest level since late August, with more uncertainty fogging the market outlook.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.39 per hundredweight ($1,907.80 per ton) on Friday October 22, down by 0.82% from $96.18 per cwt on Thursday October 21 and down by 0.08% from $95.47 per cwt...Read More

South American flat-rolled steel import prices had no clear trend in the week ended Friday October 22, with a few Chinese offers issued at higher levels being countered by less expensive material from other origins.Prices from Russia and Brazil continued to provide headwinds to the overall import market amid falling costs for iron ore and slab, market participants said. One mill source recalled th...Read More

Average copper prices in the quarter were up 37% yoy at US$4.11/lb, while unit costs fell 15% yoy to $1.24 per pound, largely thanks to higher than expected gold volumes.Read More

Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.Mills raised their HRC prices with demand increasing on active restocking by traders and a sharp increase in spot prices.Mills had raised their domestic HRC prices by about 1,000 rupees per tonne in the second week of October.The...Read More

Sierra Gorda might rank as Chile's 11th biggest copper mine but it has had a lousy reputation since production got going in 2014, something that the 55% operator - Poland's KGHM - has only been ableRead More

Coated steel coil prices in Turkey jumped again during the week to Friday October 22 and some producers are no longer accepting new orders, sources told Fastmarkets.Some coated coil producers have stopped accepting orders because of the sharp rise in the price of hot-rolled coil, the base product for coated coil.Fastmarkets' assessment of steel hot-rolled coil, domestic, exw Turkey was $900-930 pe...Read More

Hot-rolled and cold-rolled coil prices continued to surge in Turkey during the week to Friday October 22, supported by strong demand, sources told Fastmarkets.Flat steel prices started increasing in Turkey last week following the spike in scrap prices.Scrap prices have increased further over the past week, with Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix) United States origin, cfr...Read More

Base metals prices on the London Metal Exchange were mainly stronger during morning trading on Friday October 22, but those on the Shanghai Futures Exchange were largely down – this follows significant losses on the LME on Thursday.* Chinese property giant Evergrande Group makes a dollar bond interest payment.* US treasury yields up sharply following better-than-expected US initial jobless cl...Read More

Ferrous scrap prices in the global markets continued to strengthen in the week ended Friday October 22 amid firm demand and tight supply. Turkish steel mills continued to pay higher prices for deep-sea scrap cargoes, while buyers in Southeast Asia had to raise their bids because of limited supply.?EUR?Turkish steel mills end the week with five deep-sea cargo trades, prices up?EUR?Tight supply in t...Read More

The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,340-1,440 ($1,850-1,988) per tonne on Friday, up by ?10-40 per tonne from ?1,330-1,400 per tonne the...Read More