Singapore-based rebar buyers bought fresh quantities of Turkish rebar in the week to Monday October 26 on returning spot demand, sources told Fastmarkets.A group of buyers had to purchase 50,000 tonnes of January-shipment Turkish rebar from a producer located in Izmir, sources said, although this could not be directly confirmed by some of the counterparties heard to be involved in the transaction...Read More

The lithium market has grown to a stage where it can support a futures contract, especially in the context of significant price moves in recent years and forecasts of further growth, Robin Martin, head of market development at the London Metal Exchange, said during a Fastmarkets conference on Monday October 26. "In terms of size, [lithium] is now at a level where it can support an actively traded...Read More

Key data from Fastmarkets' pricing session in London on Friday October 23.Key drivers Antimony prices in Europe continued to gain strength on tight raw material supply in China, which is also leading replacement costs up rapidly. Offers for antimony from China were heard within $6,000-6,300 per tonne, cif Europe for arrival in November, market participants said. Producers were unwilling to lower t...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

The cobalt alloy 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...Read More

Limited availability and a solid outlook for electric vehicle (EV) demand have given annual contract negotiations for cobalt hydroxide a kick start, but discussions for cobalt metal may evolve over a longer period, market sources told Fastmarkets.While Covid-19 has hit global economies and dented consumer sentiment, it also put low-carbon economies at the forefront of government policy and expecte...Read More

Key data from the Friday October 23 pricing session in Shanghai.Key drivers Chinese exporters continued to raise their offers given the rapid rise in domestic prices. No deals were reported, however, because overseas consumers were resistant to the higher prices. Domestic producers are...Read More

The magnesium price in China rose to a two-month high last week after producers raised their offers amid growing optimism over planned stockpiling by the Yulin Municipal Government, market sources told Fastmarkets.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,700-12,800 yuan ($1,896-1,911) per tonne on Friday October 23, an increase of 400 yuan per tonne (3.2%) from 12...Read More

Prices and payables for cobalt hydroxide stretched to new highs last week, when Chinese refineries continued their restocking efforts in a market that remains tightly supplied for spot cargoes. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, was 78.5-80.5% of the price for cobalt standard grade, in-warehouse Rotterdam (low-end), on Friday October 23, widening upward from th...Read More

Seaborne prices for both low-and high-grade manganese ore in China moved down for the third consecutive week in the week to Friday October 23, following deteriorating overall market sentiment amid weakening portside ore and alloys markets. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $3.92 per dry metric tonne unit (dmtu) on Friday, down by 11 cents per dmtu, or 2.7%, from $4.03...Read More

Portside prices for low- and high-grade manganese ore in China fell for the sixth consecutive week in the week to Friday October 23, partly as a result of traders lowering their offer prices to secure deals with domestic alloy smelters, market participants told Fastmarkets. Both prices are at their lowest levels since November 8, 2019, when the low- and high-grade ore stood at 31.70 yuan ($4.73) p...Read More

A summary of China's ores and alloys imports for September 2020.In brief China's import of ferro-chrome shrunk month on month in September, with the volumes accepted from South Africa halved compared with August when an "overwhelming" amount of material arrived following the resumption of production and export activities in the major supply state. Market expectations of healthy demand in Septembe...Read More

A summary of China's ores and alloys exports for September 2020.In brief China's ferro-silicon export volumes increased month on month with demand from Asian countries starting to recover slightly, despite the fact that September exports had significantly decreased year on year from 2019.Stock replenishment from overseas consumers contributed to the increase...Read More

An already catastrophic year for the global economy is suddenly even more uncertain as investors everywhere grapple with the likely impact of the U.S. presidential election.With very few exceptions (New Zealand springs to mind) there is little faith amongst investors in politicians' handling of the coronavirus pandemic, and the global mood ahead of the U.S. election wasn't helped by the two presid...Read More

Drilling at Galway Metals' (TSXV GWM) Clarence Stream gold project in New Brunswick has more than doubled the strike of the Richard zone from 400 metres to over 900 metres.The company has released assay results for holes completed along the western and eastern limits of the Richard area, which lies between the Jubilee zone (to the west) and the George Murphy zone (to the east).Highlights included...Read More

In what has been the largest drill campaign at the Donlin gold project in Alaska in 12 years, joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE-AM: NG) announced they have completed this year's 85-hole program totalling 23,400 metres.The companies reported results for nine of the drill holes in August, and released assays from another 16 holes today,...Read More

A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application to Australia's Takeovers Panel that accuses the takeover target of misleading shareholders.Nordgold, which first approached Cardinal in March with an unsolicited A45.7 ? (US32.6 ?) per share bid, put forward a...Read More

Young Mining Professionals (YMP) has announced its 2020 scholarship recipients. A total of $61,500 in scholarships has been awarded to students studying mining-related programs in Canada."The scholarships are not only supporting the students but also helping to address the talent gap in the mining industry," Stephen Stewart, director of YMP Toronto and president and chief executive of Orefinders R...Read More

Market analyst Wood Mackenzie has published a report outlining what the future of clean energy and electric vehicles may look like following the Nov. 3 election in the United States.On one hand, President Donald Trump is promising to maintain the status quo somehow favouring oil, gas and coal and rejecting the idea of cutting greenhouse gas emissions. Democrat rival Joe Biden, on the other hand, p...Read More

Lithium spot prices are starting to change direction upward but it will take time for a rebound across the whole lithium complex, Fastmarkets head of battery raw materials research and base metals William Adams during a panel discussion at the Lithium Supply & Markets conference on Monday October 26. "We're starting to see a move up [for spot prices] and by the end of next year will start to see a...Read More