Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.In a note title "It's time to believe", Jefferies pointed to an increase in China's industrial production, which was up 6.9% year-on-year on October, as well as a 7.Read More

Alvance, the aluminium division of GFG Alliance, is proposing to invest in a new recycling and casting facility that will almost double output at its Fort William, Scotland, plant and continue its growth as a low-carbon production hub. The proposed ?94 million ($124.1 million) investment replaces a previously-approved alloy wheels factory due to a significant decline in the UK automotive sector....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 miningThe Corps said in August it could not permit the project under Section 404 of the Cl...Read More

Italian plantmaker Danieli will supply a new wire rod line and slab caster automation and control system to Turkish long steel and flat steel producer Habas, Danieli said on Monday November 16.The new wire rod mill will be installed in the Aliaga steelmaking plant with capacity to produce steel grades including low- and medium-carbon steel, welding wire, high-carbon and PC wire, and reinforcement...Read More

Steel billet producers in the Commonwealth of Independent States (CIS) have become increasingly bullish due to a strong international raw materials market, despite buying activity remaining limited, sources told Fastmarkets on Tuesday November 17.Offers for CIS-origin billet with January shipment were heard mainly within the range of $445-450 per tonne fob Black Sea, but some suppliers were trying...Read More

Steel billet and rebar prices in the United Arab Emirates increased this week, despite only moderate demand, sources said on Tuesday November 17.Domestic rebarThe country's biggest steel producer Emirates Steel was offering rebar at 1,984 dirhams ($540) per tonne ex-works for orders to be produced in December, up from the previous price of 1,936 dirhams ($527) per tonne ex-works for orders to be p...Read More

The price uptrend in the Commonwealth of Independent States (CIS) export market for flat steel continued over the week to Monday November 16 due to a remaining material shortage, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $520-530 per tonne on November 16, up by $5 per tonne from $515-525 per tonne a week earlier.Most market activity...Read More

Markets were generally buoyant this morning, Tuesday November 17, following news that a second coronavirus vaccine is showing good results, which is underpinning many equity indices at or near record highs, although the base metals on the London Metal Exchange were consolidating.* Asian Pacific equities were mainly higher, following gains on major western equity indices on Monday...* ...but major...Read More

Ferrous scrap prices in the Mexican domestic market soared in central Baj?-o region during the week ended Friday November 13, while remaining stable in the north of the country, amid strong demand for steel.At least two steelmakers in the Baj?-o region were heard increasing prices, as customers were competing to secure supply of the steelmaking raw material. Fastmarkets assessed the steel scrap No...Read More

Royal Bank (RY), a TSX 60 stock moved above $101.71 resuming an intermediate uptrend. Pre-opening Comments for Tuesday November 17thU.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures were virtually unchanged following release of October Retail Sales at 8:30 AM EST. Consensus was an increase of 0.5% versus a gain of 1....Read More

Turkish steel mills did not book any additional cargoes on the second day of the week following a recent rise in prices, sources told Fastmarkets on Tuesday November 17.The mills steered clear of deep sea scrap cargo purchases again on Tuesday, with some backing away from the market on concerns that prices had become too high after the recent jump."Some people are cautious because prices have...Read More

Seaborne premium hard coking coal prices were relatively flat on Tuesday November 17 due to lack of trading during the day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $100.38 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $154.33 per tonne, up $0.01 per tonneHard coking coal, fob DBCT: $95.50 per tonne, down $0.30 per tonneHard coking...Read More

Iron ore prices increased further in both the futures and seaborne markets on Tuesday November 17, supported by hot-rolled coil and rebar futures prices that hit new annual highs, although physical prices at ports remained stable. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $125.44 per tonne, up $1.37 per tonne 62% Fe low-alumina fines, cfr Qingdao: $125.99 per tonne, up $1.64 per tonn...Read More

China's hot-rolled coil prices rose to their highest since late October 2018 on Tuesday November 17 amid a strong futures market, sources said.DomesticEastern China (Shanghai): 4,100-4,130 yuan ($623-627) per tonne, up 50 yuan per tonneRallying futures throughout the day led sellers to issue higher offers for HRC during the trading session.A Shanghai-based trader said that sentiment had improved d...Read More

China's domestic rebar prices moved up further on Tuesday November 17 on strong demand to reach their highest since November 2018.DomesticEastern China (Shanghai): 4,130-4,160 yuan ($627-632) per tonne, up by 50 yuan per tonneBuyers raised their procurement rates amid a strengthening futures market during the day, which pushed up rebar prices.Sellers' rebar stock is also decreasing on good end-use...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...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...Read More

This week's episode features an interview with Platinum Group Metals president and chief executive R. Michael Jones, who discusses the company's large-scale Waterberg PGM project in South Africa. Michael also mentions the company's newly developed technology patent using palladium in lithium-ion batteries and shares his views on the outlook for both platinum and palladium.All this and more with on...Read More

Champion Iron (TSX: CIA) plans to acquire the Kamistitusset iron ore project in southwest Newfoundland - only a few kilometres away from its Bloom Lake mine - out of a restructuring process.The project's former owner, Alderon Iron Ore, defaulted on a US$14-million loan from Sprott Private Resource Lending in March.In return for the project, Champion has agreed to pay $15 million in cash, and to ex...Read More

Revival Gold (TSXV: RVG; US-OTC: RVLGF) has released a preliminary economic assessment (PEA) on a restart of its flagship Beartrack-Arnett project in Idaho, which outlines a 12,000-tonne-per-day first-phase heap leach operation for the brownfields site.The scenario includes an initial seven-year mine, producing an average of 72,000 oz. gold annually at all-in sustaining costs (AISCs) of US$1,057 p...Read More