Seaborne iron ore prices largely flat on Thursday November 5 because market participants are still awaiting the official results of the presidential election in the United States, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.95 per tonne, up $0.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.08 per tonne, up $0.08 per tonne58% Fe fines high-grade pr...Read More

A summary of the operational results for Russian steelmaker Metalloinvest for the third quarter of 2020.In brief Metalloinvest cut its pig iron sales more than twice to 216,000 tonnes in the third quarter, down by 53.5% from 465,000 tonnes a year before.Over the first nine months of 2020, pig iron shipments hit 919,000 tonnes, down by 33.9% from 1.4 million tonnes over the same period last year.Re...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

Pre-Feasibility Study (PFS) and additional technical studies well underwayELKO, Nev., Nov. 5, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to provide an update on the Pre-Feasibility Study (PFS) in progress at the CK Gold Project, located just outside of Cheyenne, Wyoming. Field activities have been ongoing since Aug...Read More

China's hot-rolled coil prices rose further on Thursday November 5, inventory levels continuing to fall in the past week.DomesticEastern China (Shanghai): 4,010-4,030 yuan ($600-603) per tonne, up 10-30 yuan per tonneSellers in eastern China kept raising their offers upon hearing of a drop in HRC inventories in the spot market.A domestic steel consultancy reported that China's HRC spot market had...Read More

China's domestic rebar prices moved up sharply on Thursday November 5 following the release of data indicating a drop in output and inventory levels in the past week. DomesticEastern China (Shanghai): 3,870-3,900 yuan ($579-583) per tonne, up by 40-50 yuan per tonneFalling rebar output and inventories took pressure off prices, market sources said. A total of 3.59 million tonnes of rebar were produ...Read More

Fastmarkets has reworked the market reports it previously published for the minor metals, noble alloys and battery raw materials to align them with end-use segments. The publication schedule for market reports is as follows, with links to recent versions: Wednesdays: Specialty steel raw materials market report Consumer electronics market report 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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade,...Read More

A summary of stainless steel producer Outokumpu's results for the third quarter of 2020. In brief  Outokumpu's sales, deliveries and earnings decreased quarter on quarter amid continued Covid-19 pressures, following negative results in the second quarter. In Europe, rising competition from Asian imports and the typical seasonal consumer slowdown contributed to a challenging quarter.  The...Read More

China's domestic stainless steel prices fell in the week ended Wednesday November 4, with the market tracking weakness in nickel futures.The three-month nickel contract on the London Metal Exchange fell steadily over the past week and ended Wednesday's official trading session at $15,422 per tonne, down by $427 per tonne (2.7%) from $15,849 per tonne on October 28.The most-traded January stainless...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootRecent ‘From the capital' columns have highlighted how investment shibboleths, nurtured by constant repetition, rema...Read More

Market participants in China are increasingly confident that Chinese authorities will revive steel scrap imports into the country in 2021 following the release of new domestic scrap classification standards.A draft of the new standards for ferrous and stainless scrap for China's domestic market was released late last month. Market participants expect these standards to be launched and implemented...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) is on track to meet its 2020 guidance of 4.6-5 million oz. gold, chief executive Mark Bristow announced on the company's third-quarter earnings call. So far this year the major has produced 3.6 million ounces.Operating cash flow in the three months ended Sept. 30 totalled US$1.9 billion, up from US$1.73 billion in the second quarter, and free cash flow jumped to...Read More

Albemarle (NYSE: ALB), the world's top lithium producer, is moving forward with expansion projects at Kemerton in Western Australia and La Negra in Chile, both of which it expects to commission next year.Delivering fourth-quarter results, the U.S.-based lithium giant forecasts full-year profit above estimates, but warned the company's performance for 2020 would reflect the impacts of the coronavir...Read More

Since resuming regular diamond tenders in September, Mountain Province Diamonds (TSX: MPVD) has seen prices for its goods start to rise.In fact, the diamond junior, which owns a 49% stake in the Gahcho Ku?(C) mine in the Northwest Territories, says its Oct. 30 sale in Antwerp was its largest open market sale to date, setting a new record in terms of both value and volume.The record sale follows a...Read More

With most major mining assets back up and running after coronavirus-related stoppages earlier this year, and amidst strong commodity prices, Franco-Nevada (TSX: FNV; NYSE: FNV) has reported record third-quarter financial results. These include new records in revenues recorded of US$279.8 million, adjusted EBITDA, which hit US$235.1 million, and net income of US$153.9 million.In the quarter, Franco...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

TORONTO - Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following aRead full newsRead More