Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman exploration"This project has to be the most modern example of Codelco, the most advanced, the best practices, the most competitive and I am pleased that this Division is extending its useful life for another 47Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More

China's domestic rebar prices decreased sharply by $16 per tonne on Thursday May 13 after maintaining at a historical high in the prior three days.DomesticEastern China (Shanghai): 5,900-5,930 yuan ($916-919) per tonne, down by 100 yuan per tonnePremier Minister Li Keqiang requested that relevant offices take measures to deal with the recent sharp price rise of bulk commodities, in which steel pro...Read More

China's hot-rolled coil prices fell on Thursday May 13 after Premier Li Keqiang called for stable commodity prices on Wednesday, with falls in global stock markets also dampening sentiment.DomesticEastern China (Shanghai): 6,520-6,710 yuan ($1,011-1,041) per tonne, up by 110-180 yuan per tonneSpot sellers in Shanghai secured some deals at around 6,710 yuan per tonne in the morning, but had to lowe...Read More

Base metals prices on both the LME and SHFE were mainly weaker this morning, Thursday May 13, this after some choppy trading in recent days and the greater-than-expected pick-up in the US Consumer Price Index (CPI) on Wednesday.* US CPI rises 4.4% year on year in April, and was up 0.8% month on month* Asia-Pacific equities weaken on Thursday* US treasury yields rise and forward curve steepensBase...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Wendy's added $0.21 to $22.19 after Truist raised its target price from $25 to $28.Canadian Tire (CTC.A) is expected to open higher after releasing higher than consensus first quarter sales and earnings.Amazon advanced $23.52 to $3,175.46 after Citigroup raised its target price from $3,750 to...Read More

British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers in May at levels last seen nine years ago, amid relatively tight supplies and strong demand in both the local and export markets, sources said this week.Suppliers have managed to generally agree an increase of ?15 ($21) per tonne for steel scrap grades delivered into steelmakers in the...Read More

A tsunami often takes its victims unawares... a liquid mountain rising sheer from a glass sea... suddenly... barreling ashore.The coastal areas are promptly scenes of astonishing apocalypse.In 2021... the skies have been azure, the breezes have been kind, the seas have dozed.Investors have thronged the beaches, merry as grigs. Many have been reading thrilling fiction - primarily the financial pres...Read More

Prices for steel scrap imported into China remained steady on Thursday May 13 amid sparse trading. Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $530-545 per tonne on Thursday, unchanged from a day earlier.Few sellers were offering cargoes due to the uncertainties about the steel billet...Read More

Ferro-silicon prices in China have surged in the past week, with both domestic and export prices posting their highest weekly increases since early December 2020, according to Fastmarkets data. But what are the key drivers behind the rally?Fastmarkets' weekly price assessment for ferro-silicon 75% Si min, in-whs China, risen to 7,800-8,000 yuan per tonne ($1,213-1,244) on May 12, up by 7.5% from 7...Read More

Since the outbreak of the pandemic, the "respectable" media has pushed the theory that the virus came from a wet market in Wuhan, China.Any talk that it might have come from a bioweapons lab in Wuhan was dismissed as a conspiracy theory.But the Bulletin of Atomic Scientists, not exactly a fringe organization, published a paper recently acknowledging the possibility that the virus escaped from a la...Read More

Base metals prices on both the LME and SHFE were mainly weaker this morning, Thursday May 13, this after some choppy trading in recent days and the greater-than-expected pick-up in the US Consumer Price Index (CPI) on Wednesday.US CPI rises 4.4% year on year in April, and was up 0.8% month on month Asia-Pacific equities weaken on Thursday US treasury yields rise and forward curve steepens Base met...Read More

The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesMay 7, 2021, 180 tonnes (15 tonnes each month for January to December 2022, all at $20.62-20.72 per lb)May 6, 2021, 60 tonnes (5 tonnes each month for January to December 2022, all at $20.52-20.62 per lb...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...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....Read More

Downstream appetites from lithium cobalt oxide (LCO) battery manufacturers weakened in the second quarter during the traditionally weak consumption season for consumer electronics - a key consumer of LCO batteries and an industry battling with a shortage of semi-conductor chips, sources said.Some cobalt-tetroxide producers told Fastmarkets their customers have cut orders and that demand for LCO ca...Read More

Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.The LME three-month nickel contract ended the official trading session on Wednesday at $17,942 per tonne, up by $680 per tonne from $17,262 per tonne on April 28.DomesticStainless steel cold-rolled coil 2mm gra...Read More

Towards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaPAM puts itself in the middle of Thailand 4.0SPONSOREDAuroch powers up nickel explorationSPONSOREDauroch mineralsSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsUse of the term supercycle to describe the trajectory of metal prices is gaining currency. If such a t...Read More

Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) plans to transform its Detour Lake mine in northern Ontario into one of the world's largest and most profitable good mines, says Tony Makuch, the company's president and CEO. There is a much larger and higher-grade deposit at Detour Lake than is reflected in the project's current mineral resource, he said in an interview. "We see significant growt...Read More

Economists are tracking a broad economic recovery across the globe that appears to be gathering momentum and commodity prices are trading at healthy-to-stratospheric levels amid recovering demand from the Covid-19 pandemic, escalating geopolitical tension between the world's industrial juggernaut China and key mining nations like Australia, and circumstantial supply-side issues.On May 12 iron ore...Read More