Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More

Three-month base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 5, with a prolonged US election process limiting investor sentiment despite a continued decline in the US dollar index, while aluminium's forward spreads widened over the afternoon.Aluminium's underlying price on the LME closed at $1,897.50 per tonne on Thursday afternoon, declining...Read More

As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More

K+S still expects prices to continue to rise in the short and medium-term.It has guided for third-quarter EBITDA of €480 million.Scotiabank says the writedown is in line with its recent projections about increased commoditisation of potash leading to lower mid-cycle prices and valuation multiples."While an impairment charge of this magnitude is obviously not positive, it's also far from new a...Read More

Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report new intersections of strong radioactivity from the now completed summer drilling program at the Hurricane zone, which has successfully expanded the mineralized footprint to the south. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property...Read More

As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More

It has been two weeks since South Africa's cabinet approved a chrome ore export tax to support its chrome sector, and Chinese buyers say they would have little option but to accept the higher costs. China is the world's largest chrome ore importer and would therefore bear the brunt once the export tax is carried through. But the East Asian country has no choice but to brace for the price rise beca...Read More

Vale has entered into a 30-day exclusivity agreement to discuss the sale of nickel-cobalt operation Vale New Caledonia (VNC) with a consortium comprised of current management and employees of the unit, as well as state investors and Swiss trading firm Trafigura, the Brazilian mining company said on Wednesday November 4.Vale's subsidiary Vale Canada is carrying out negotiations, which include, "out...Read More

The Turkish deep-sea scrap import market remained steady on Thursday, with mills continuing to seek material for December shipment to replenish stocks, sources said on Thursday November 5.A steel mill in the Izmir region booked a deep-sea cargo of 25,000 tonnes of HMS 1&2 (80:20) from Venezuela at $290 per tonne cfr. The scrap is scheduled to be shipped in the first half of December.However,...Read More

Export prices for lower-impurity steel scrap grades from Japan jumped over the past week following greater buying interest from South Korean mills, market participants told Fastmarkets."The Japanese market is hot right now- a South Korean steelmaker increased its bid price for H1, plate & structural (P&S), Shindachi and shredded, while other mills are negotiating privately and paying [even] m...Read More

China's upcoming steel scrap futures looks set to be a game changer for the international community dealing in the steelmaking raw material.It will open up a whole new world of opportunities for both domestic and international traders, especially those who have been looking to capitalize on the massive size of China's domestic scrap market.While the Dalian Commodity Exchange (DCE) has yet to relea...Read More

Share this articleTORONTO - Barrick Corp. raised its dividend as its third-quarter profit topped expectations.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of nine cents per share, up from its previous rate of eight cents.The increased payment to shareholders comes as Barrick says it earned 50 cents per share for the quarter ended Se...Read More

And so it begins ...On election night, Washington, D.C., and Oregon voted to decriminalize psychedelics.That's right.Psychedelic mushrooms, LSD, and a handful of other psychedelic substances can now be consumed in those two places without fear of arrest.Now the truth is I don't care if you're into psychedelics or not.That's not the point of this article. Personally, I love magic mushrooms and LSD...Read More

Domestic prices for hot-rolled coil in Northern Europe moved up day on day on Thursday November 5, due to long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?511.34 ($597.98) per tonne on Thursday November 5, up by ?,?6.23 per tonne from ?,?505.11 per tonn...Read More

Domestic prices for heavy steel plate went down in Southern Europe in the week to Wednesday November 4 due to low demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?445-455 ($520-532) per tonne on November 4, down by ?,?5-10 per tonne from ?,?450-465 per tonne.The assessment reflected offers and "workable" prices...Read More

Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) fell by 11.26% in late October from the middle of the month, according to data released on Wednesday November 4.October 21-31 outputCrude steel: 2.16 million tonnes per day, down 0.77%Finished steel: 2.14 million tpd, up...Read More

Steel rebar and billet prices have remained stable in Egypt in the week ending Thursday November 5, with demand being very weak, sources have told Fastmarkets.Egypt had reduced the safeguard duty it imposed on billet and rebar imports the week before.The duty for imported billet has been reduced to 13% for the cif market but with a minimum of $60 per tonne. This compared with a 16% duty and $75 pe...Read More

Domestic rebar and wire rod prices in Turkey continued to climb over the past week because of the weakening Turkish lira, sources told Fastmarkets on Thursday November 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,530-4,640 lira ($537-550) per tonne on Thursday, up from 4,450-4,500 lira per tonne last week.The increase followed a fu...Read More

The Turkish long steel export market remained unmoved on tight supply and high scrap costs over the past week, sources told Fastmarkets on Thursday November 5.Mills in the country achieved sales at $450-455 per tonne fob in previous weeks and set their offer price at $455-460 per tonne fob last week, which they are still offering. A cargo of Turkish rebar was sold to Peru at $450 per tonne fob in...Read More