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Bullish sentiment drives up alumina prices in China

May 15, 2021 / www.metalbulletin.com

China's alumina prices increased this week in a more bullish market following the strong showing for aluminium on the Shanghai Futures Exchange.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,360-2,370 yuan ($366-367) per tonne on Thursday, up 10-20 yuan per tonne from 2,340-2,360 yuan last week."The aluminium price was...Read More

AEROSPACE MATERIALS MARKET REPORT 14/05: Magnesium consolidates gains globally amid material shortage

May 15, 2021 / www.metalbulletin.com

An overview of the aerospace materials markets and the latest price moves.Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 14/05: Molybdenum continues to rally on tightening supply

May 15, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

CHINA MANGANESE FLAKE SNAPSHOT: Price edges higher after production cuts

May 15, 2021 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in China on Friday May 14.Key drivers The China manganese flake export price edged higher on active deals and inquiries.  The price move followed...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

May 15, 2021 / www.metalbulletin.com

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 assessed Cobalt standard...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

May 15, 2021 / www.metalbulletin.com

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

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

May 15, 2021 / www.metalbulletin.com

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 assessed Cobalt hydroxide p...Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

May 15, 2021 / www.metalbulletin.com

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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

GLOBAL MANGANESE SNAPSHOT: Low-grade ore prices stay high on strong demand

May 15, 2021 / www.metalbulletin.com

Key data from Fastmarkets' Friday May 14 pricing sessions in China, India, the United States and Europe.China Seaborne low-grade manganese ore prices continued to rise after suppliers successfully concluded sales at higher prices amid strong buying interest. Buyers said they had expected a price uptick due to rising production costs caused by the appreciation of the South African rand and expensiv...Read More

World's top 10 biggest copper mines

May 14, 2021 / www.northernminer.com

Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world's energy systems is also used in heating, cooling, electronics, power generation and transmission, automotive applications and has antimicrobial abilities.Demand from the green energy transition has sparked a rally on copper markets. The world's top 10 biggest copper mines...Read More

A realistic path for improved carbon performance in mining

May 14, 2021 / www.northernminer.com

The demand for improved environmental and social governance (ESG) continues to intensify. Of the many issues that ESG covers, it is carbon emissions that are receiving the most attention due to the fight to prevent further climate change. For miners, this same issue happens to be the most problematic.Investors with deep pockets and major market influence are pushing for miners to adopt aggressiv...Read More

Marathon raises $50m for Valentine project

May 14, 2021 / www.northernminer.com

Marathon Gold (TSX: MOZ) is raising $50 million (US$41.27 million) in a private placement to support exploration and development activities at its Valentine gold project in Newfoundland.A single institutional investor, Pierre Lassonde and Trinity Capital Partners Corporation and Affiliates, participated in the offering, Marathon said. The financing consists of 14,285,714 common shares priced at...Read More

Chinese EV makers may be looking at western markets, CRU report says

May 14, 2021 / www.northernminer.com

China, the country leading global sales of new energy vehicles (NEVs), not only will maintain its market position accounting for half of all expected global NEV during the next decade, but it may also make a grand entrance into western markets. This is according to London-based market analyst CRU, whose recent EV report states that local sales will be driven in part by government policy - such as...Read More

Iamgold to restart Westwood in second half of 2021

May 14, 2021 / www.northernminer.com

Iamgold (TSX: IMG, NYSE: IAG) has confirmed it will resume operations at its Westwood underground mine in southwestern Qu?(C)bec in the second half of the year.The gold mine has been halted since late October, which forced Iamgold to lay off 437 workers or 70% of its underground staff following a seismic event at the operation.The mill restarted in November, processing stockpile and Grand Duc sat...Read More

JV Article: Osino Resources' Twin Hills on track to be Namibia's next multi-million-ounce gold mine

May 14, 2021 / www.northernminer.com

Osino Resources (TSXV: OSI; US-OTC: OSIIF) plans to make its Twin Hills gold project in the Karibib gold district of central Namibia, 150 km northwest of the capital Windhoek, the "quickest discovery to production story in recent memory," says the company's co-founder and CEO Heye Daun.Since its discovery in 2019, Twin Hills already has a sizeable mineral resource, which is likely to grow as the...Read More

Analysts voice scepticism on supercycle narrative

May 13, 2021 / www.northernminer.com

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

VIETNAM STEEL SCRAP: Bullish sentiment, higher transactions boost prices

May 15, 2021 / www.metalbulletin.com

Import prices for ferrous scrap in Vietnam surged during the week to Friday May 14 amid bullish sentiment in the spot market among scrapyards, steel mills and traders.Multiple factors have driven the price increases, chief among which is the rapid increases in regional and Turkish scrap prices, as well as booming downstream steel prices.Buyers are also purchasing deep-sea cargoes from the United S...Read More

TAIWAN STEEL SCRAP: Strong demand, limited offers boost prices

May 15, 2021 / www.metalbulletin.com

Prices for containerized ferrous scrap in the key Taiwanese market surged this week amid strong demand for cargoes and limited offers from sellers waiting for more price increases. Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $475-480 per tonne on Friday May 14, increasing by $15-20 per tonne from W...Read More

CHINA STEEL SCRAP: Importers bid lower due to slump in finished steel prices

May 15, 2021 / www.metalbulletin.com

China's import prices for steel scrap declined on Friday May 14 on a sharp drop in the price of steel products.Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $520-540 per tonne on Friday, down by $5-10 from $530-545 per tonne a day earlier.A few buyers bid for...Read More

China's 2nd-largest steel mega-merger to see Shagang control Anyang Steel

May 15, 2021 / www.metalbulletin.com

Eastern China's Shagang will participate in a mixed ownership reform of central China's Anyang Iron & Steel, and the former is likely to emerge as the controlling shareholder in the latter, according to a notice released by Anyang Steel late on Thursday May 13.The change in shareholding will neither influence the steel production of the two mills - based in the provinces of Jiangsu and Henan...Read More

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