Iron ore prices were largely down on Thursday October 28, after a dip in demand following the introduction of stricter emissions restrictions in China's steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.65 per tonne, down $7.21 per tonne62% Fe low-alumina fines, cfr Qingdao: $115.25 per tonne, down $6.90 per tonne58% Fe fines high-gr...Read More

Australian coal cargoes that have completed their customs declarations in China before October 2020 but ended up being stranded as a result of a ban imposed by the Chinese government that month are being allowed into the country.Buyers consisting of power plants and steel mills were informed by local customs authorities on Wednesday October 27 that their cargoes could clear customs once the necess...Read More

China's domestic hot-rolled coil prices fell further on Thursday October 28, but market participants expect the decline to slow down after the Tangshan steelmaking hub introduced stricter production restrictions.DomesticEastern China (Shanghai): 5,290-5,300 yuan ($827-828) per tonne, down by 100-180 yuan per tonneSellers cut prices on Thursday morning to encourage higher sales volumes, but buyers...Read More

China's domestic rebar prices continued to fall on Thursday October 28, but demand picked up following gains in the futures market during the afternoon trading session.Domestic Eastern China (Shanghai): 5,100-5,150 yuan ($798-806) per tonne, down by 80-100 yuan per tonneThe most-traded January rebar futures contract on the Shanghai Futures Exchange dropped to 4,464 yuan per tonne on Thursday morni...Read More

Chinese stainless steel exporters received more inquiries over the past week, which pushed prices upward, though the domestic market softened due to losses at the end of last week.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 20,700-21,000 ($3,284-3,316) per tonne, down by 200-300 yuan per tonne from a week earlier Stainless CRC prices dropped to 20,700-20,900 yuan per to...Read More

Norway-based silicon and ferro-silicon producer Elkem, a world leader in advanced silicon-based materials, has announced an expansion plan to support demand growth for speciality materials in the Europe-Middle East-Asia region (EMEA) and the Americas.On Wednesday October 27, the company's board of directors approved a capacity expansion by 20,000 tonnes per year at the plant in Roussillon, near Ly...Read More

Key data from Fastmarkets' pricing session in London on Wednesday October 27.Key drivers:?EUR?The prices of both grades antimony in Europe have stabilized recently after a previous rally over the past month-and-a-half. For antimony trioxide metal, the range widened but the mid-point was unchanged.?EUR?Antimony standard grade 2, usually used in...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.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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

China's cobalt metal prices declined this week in response to weak demand and cautious downstream buyers - diverging from the international trend for higher benchmark prices.Fastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was 395,000-410,000 yuan ($61,806-64,153) per tonne on Wednesday October 27, down by 2,000 yuan per tonne from 397,000-410,000 yuan per tonne on October 22...Read More

One of the unexpected repercussions caused by the Covid-19 pandemic was the impact it had on global supply chains, pushing up the price of commodities and resources across the board, including within the mining industry. The cracks in the supply chains also highlighted broader geopolitical issues affecting world economies, including the reliance on limited means of extracting certain minerals and...Read More

ArcelorMittal has raised its offer prices for long-term contracts to the automotive industry and other large steel-consuming sectors, sources told Fastmarkets on Thursday October 28.Several market sources told Fastmarkets that its offers for the first quarter, first half and full year of 2022 for hot-rolled coil are ?,?1,080 ($1,253) per tonne ex-works while those for hot-dipped galvanized coil ar...Read More

This week Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) announced the US$1 billion acquisition of the Santa Rita nickel mine and the Serrote copper mine in Brazil from London-based Appian Capital. In a webcast, Sibanye-Stillwater CEO Neal Froneman discussed the deal and the company's broader strategy on green energy metals and developing a 'climate change resilient' business. What follows is a transcr...Read More

Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) Canada's largest diversified miner, said this week that while construction of its massive Quebrada Blanca Phase 2 (QB2) expansion project in Chile is two-thirds complete, costs are anticipated to be up to 5% higher than the original US$5.3 billion estimate. Delivering results for the third-quarter, in which Teck recorded a profit of US$816 million,...Read More

Miners are almost blind to demand trends in the largest consumer of metals and minerals.I don't know how many Northern Miner readers celebrated October 23 as Mole Day. For those that didn't, it was not in honour of the near-blind Talpidae mammal, and nor was it a celebration of a breakwater, a spy, a hot Mexican sauce, or a benign tumour.What was celebrated on October 23, between 6.02 a.m. and 6.0...Read More

Further Confirmation of Discovery of New Vein Systems at Gnu ZoneRead full newsRead More

TEMPUS RESOURCES LTD.(Read full newsRead More

Jack Dorsey, CEO of Twitter, recently Tweeted that "Hyperinflation is going to change everything. It's happening."Steve Hanke, professor of applied economics, told David Lin, anchor for Kitco News, that the term "hyperinflation" is not being used correctly in this case. "People play fast and loose with language and words like hyperinflation," he said. "What [Dorsey] was trying to express, I think...Read More

Dear Outsider,It was three in the morning when I got the phone call...Now, anytime you get a phone call in the dead of night, you immediately panic. Something has to be very wrong: a car accident, a friend in jail, or maybe even an untimely death. This particular call thankfully had to do with none of these things.In this case, it was simply an overflowing toilet. I was renting my lovely home in...Read More

Gold prices dropped dramatically in trading today, making an intraday low of $1772.40. As of 3:25 PM EDT, gold futures are fixed at $1784.80. Today's selloff was predicated by dollar strength, with the dollar index gaining 0.90%, taking it to 94.165.That is the primary market force that made both gold and silver prices lower on the day. Gold is currently trading down by 0.98%, and the dollar is cu...Read More