The export pig iron market in Brazil was strong during the week to Friday November 13 on firm demand both from traders and end buyers, sources told Fastmarkets.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $375 per tonne on Friday, compared with $370-375 per tonne a week ago. A sale...Read More

The price of shredded steel scrap imported into India and Pakistan moved up once again on Friday November 13, with material shortage and logistics issues still causing concern, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $337.41 per tonne on Friday, up from $330.32 per tonne one week earlier.Offers of shredded material on the...Read More

Turkish steel mills skipped the last working day of the week, with no deep-sea bookings reported and offer prices continuing to climb, sources told Fastmarkets on Friday November 13.After booking a US cargo at $306.50 per tonne cfr on HMS 1&2 (80:20) basis late on Wednesday November 11, mills stepped back from the deep-sea purchases, as the suppliers started to seek higher prices."A supplier...Read More

The Shanghai Futures Exchange aluminium price rose to a three-year high on Friday November 13 on expectations of a better macroeconomic environment following the end of the United States presidential election campaign as well as good downstream demand, according to market participants. The most active aluminium price on the SHFE hit 15,700 yuan ($2,373) per tonne on November 13, up 1% or 150...Read More

The seaborne premium hard coking coal cfr price edged up on Friday November 13 due to continued restrictions on Australian coal imports, while seaborne coking coal fob prices across the board remained flat, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.40 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $153.58 per tonne, up $0.51 per tonneHard co...Read More

Seaborne iron ore prices dipped on Friday November 13 amid weakened demand for downstream steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.37 per tonne, down $1.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $123.10 per tonne, down $0.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $113.56 per tonne, down $0.85 per tonne65% Fe Braz...Read More

The London Metal Exchange three-month base metals prices continued to oscillate around the levels established on Thursday's close on Friday November 13 morning, with aluminium and lead being the notable exceptions.Lead posted the biggest gains during Friday's morning trading while aluminium continued to make fresh highs. The three-month lead price rose for a third day on Friday morning, reaching $...Read More

Eastern China's domestic prices were unchanged on Friday November 13 amid healthy demand ahead of the weekend despite early losses in the futures market. Spot prices in the region ended the week 170 yuan per tonne higher, however. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, unchanged Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 170 yuan...Read More

The London Metal Exchange three-month price for aluminium was at a year-to-date high and spreads have flipped back into contango, but bullish futures have yet to materialise in a bullish physical market, Fastmarkets heard on Thursday November 12.The benchmark three-month aluminium price has remained consistently above $1,900 per tonne this week. It hit a year-to-date high of $1,935 per tonne on No...Read More

German carmaker Mercedes-Benz will soon transition to sourcing cobalt and lithium for electric vehicles (EV) batteries only from certified mines to reduce the environmental and social impact of its supply chains, it said on Thursday November 12.The company added it is planning to shift away from cobalt usage in the coming generation of batteries and it is exploring different battery's chemistries....Read More

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

The cobalt alloy 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...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningTSX-listed Turquoise Hill (TRQ) said on November 4 arbitration "will provide needed...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 cobalt...Read More

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

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

David Rosenberg, chief economist and strategist at Rosenberg Research & Associates, has spent a lifetime analyzing trends and identifying future shifts in the global economy and financial markets.But even the celebrated economist is a little confounded by the scale and nature of the current global economic crisis and acknowledges it's hard for many investors to chart a clear path forward."In a wor...Read More

Shares in lithium explorer and developer Bacanora Minerals (LSE: BCN) surged after it announced its Chinese partner had more than doubled its stake in the company's Sonora project in Mexico.Cornerstone investor Gangfeng Lithium, China's largest producer of the battery metal, will invest ?21.8 million (US$29 million) to increase its holding in Bacanora's flagship project from 22.5% to 50%.Bacanora...Read More

The southwestern United States has a long-standing history of mining and remains one of the nation's top mineral regions. With existing infrastructure, an established regulatory and permitting regime and prospective geological terrain, many companies in the exploration space have a renewed interest in this destination. Below, we present eight companies active in the southwest United States.Bunke...Read More

A panel of cybersecurity experts from across the industry kicked off the Global Mining Symposium this week with a discussion of how mining companies can build cybersecurity-resilience into their operations.Yogen Appalraju, a partner and cybersecurity leader at Ernst & Young Canada, moderated the panel, which consisted of Chandra Majumdar, Ernst & Young's cyber threat management leader, David Rae,...Read More