Supply tightness continued to drive the Midwest premium in the United States to a new record high on Tuesday May 4, while more bearish sentiment resulted in European premiums being unchanged from the previous week but still at a six-year high level.US Midwest sets new record-high levelRotterdam premiums stable at multi-year highsMJP, South Korea premiums unchanged amid holidays, thin tradingBrazil...Read More

A summary of base metals premiums from across the globe for the week to Tuesday May 4.Please click...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More

Chile's copper mine production fell by 1.21% in March compared with the same month last year amid lower volumes from Escondida, the world's largest copper mine, according to data published by national copper commission Cochilco on Tuesday May 4.Copper production totaled 488,700 tonnes in March, down from 494,700 tonnes in the same month last year, Cochilco said. But output rose by 14.58% sequ...Read More

Key data from the pricing sessions in Asia, Europe and the United States over the week to Tuesday May 4.Europe The price of lower-grade high carbon ferro-chrome (60-64.9% Cr) fell with offers dropping after the recent price falls in China. High freight costs from India to Europe mean Indian producers still prefer the Chinese market because of the higher margins that can be achieved. Prices...Read More

Yellen formerly chaired the US Federal Reserve and made the remark in recorded comments for a virtual event held yesterday."Gold has kicked back to US$1,777 [an ounce] … even though real Treasury yields have moved further negative, which perversely was the source of inspiration behind the move higher yesterday," Pepperstone head of research Chris Weston said.Copper gained as London returned...Read More

First-quarter royalty payments amounted to US$451,314, the company said in an update on Friday.Read More

Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company") announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a publishing and IdleKit partnership agreement with Game Masons, LLC ("Game Masons") for the world-wide release of a mobile game on iOS and Android (the "Partnership").The game will be developed in-house by Game Masons, leveraging ESG's proven Idle...Read More

Seaborne manganese ore prices resumed their downtrend on Friday April 30 amid lower supplier offers, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin dropped 6 cents to $4.30 per dry metric tonne unit (dmtu) on Friday April 23 from $4.36 per dmtu a week earlier.Fastmarkets' manganese ore 44% Mn, cif Tianjin dropped by 1 cent to $4.74 per dmtu on the same day, down from $4.75 per d...Read More

The European manganese alloy markets climbed strongly over the week to Friday April 30, propelled by strong spot demand from consumers in the steel sector as well inter-merchant trade.Prices for both silico-manganese and high-carbon ferro-manganese hit ?,?1,300 per tonne delivered at the top of their respective price ranges on Friday, a level last seen in each market more than four years ago in ea...Read More

Perpetua is in the process of permitting the only US-mined source of antimony, with potential to supply about 35% of the nation's antimony demand during the first six years of production.Read More

Mexican steel scrap prices rose marginally in the week ended Friday April 30 amid strong demand, although some market participants believe prices are facing limited upside.Prime grade scrap prices were mostly stable amid tight supply due to a gradual recovery in Mexico's manufacturing sector, which generates scrap.There were increased reports of exports of busheling grades to the United...Read More

The Turkish deep-sea scrap import market went quiet after the sharp increase in prices following China's cancellation of export tax rebates on some steel products, market participants said on Tuesday May 4.China's Ministry of Finance removed the export tax rebate on some steel products on May 1.The news boosted demand for steel and, in particular for steel billet, in Asia, and that triggered the r...Read More

With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne. The US Dollar Index, recently at 91.16, was consolidating off last week's low of 90.42Base metalsThe rallies in the...Read More

The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea, was traded for the first time on Monday May 3.A total of five tonnes was traded at $14.25 per kg on Monday, the day the contract was launched, for delivery in June 2021, according to the CME.Fastmarkets' lates...Read More

Share this article VANCOUVER - United Lithium Corp. [ULTH-CSE; ULTHF-OTC] signed a letter of intent with Sunstone Metals Ltd., Scandian Metal Pty. Ltd., Scandian Metals AB and Nortec Minerals Corp. contemplating the potential acquisition by the company of 100% of the Kietyonmaki lithium project in Finland.The Kietyonmaki lithium project, located in the Kietyonmaki lithium prospect, was discovered...Read More

Domestic prices for hot-rolled coil in Europe inched up further on Tuesday May 4, with steelmakers remaining in full control of pricing, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,011.00 ($1,217.84) per tonne on Tuesday, up by just ?,?3.86 per tonne from ?,?1,007.14 per tonne on April 30.The index was also up b...Read More

We spoke with Kyle Floyd, CEO of Vox Royalty Corp. (TSXV: VOX), a high growth precious metals royalty and streaming company, established in 2014, which holds a portfolio of 50 royalties and streams, spanning nine jurisdictions. We learned from Mr. Floyd that Vox is focused exclusively on buying third-party royalties, which are royalties that are held by third parties, over various mining operation...Read More

NASA recently flew a helicopter on Mars for the fourth time, which finishes the testing stage and sets up the work stage for the Mars aircraft.It is called the Ingenuity and its flight has been compared with the Wright Brothers' first flight to Kitty Hawk, North Carolina, in 1903. After all, it is setting a lot of records. Its most recent flight flew at 16 feet for over 300 yards and took 60 pictu...Read More

Domestic prices for hot-rolled coil in the EU increased over the week to Friday April 30, going above ?,?1,000 ($1,205) per tonne for the first time.At the end of last week, ArcelorMittal again increased its official offer prices for all steel coil products in Europe - by ?,?20 per tonne for HRC and by ?,?50 per tonne for downstream products. Its new offers for HRC were heard at ?,?1,020 per tonne...Read More