Rising demand for steel scrap in the Japanese domestic market was inflating export prices for the material, market participants told Fastmarkets on Wednesday November 18.Export deals for Japanese H2 scrap to South Korea were concluded at ?30,500 ($292) per tonne fob late last week, including one transaction for 40,000 tonnes of material.Vietnamese buyers purchased H2 at $328 per tonne cfr late la...Read More

Seaborne iron ore prices were up slightly on Wednesday November 18 after authorities removed emergency pollution controls in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $126.34 per tonne, up $0.90 per tonne62% Fe low-alumina fines, cfr Qingdao: $126.58 per tonne, up $0.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $1...Read More

Seaborne premium hard coking coal fob and cfr prices diverged on Wednesday November 18 due to the ongoing restriction on Australian coking coal, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $98.87 per tonne, down $1.51 per tonnePremium hard coking coal, cfr Jingtang: $156.23 per tonne, up $1.90 per tonneHard coking coal, fob DBCT: $91.78 per tonne, down $3.72 per tonneHard c...Read More

China's domestic rebar prices lost upward momentum on Wednesday November 18, reflecting losses in futures ahead of the revision of regulations on the Shanghai Futures Exchange (SHFE) relating to limits on price fluctuations.DomesticEastern China (Shanghai): 4,130-4,160 yuan ($629-634) per tonne, unchangedThe SHFE will lower the fluctuation limit on its rebar contracts to 5% from 6% previously from...Read More

China's hot-rolled coil prices were largely stable on Wednesday November 18, having strengthened continually in the first two days of this week. Several producers are reported to be operating at close to capacity to capitalize on the bullish market.DomesticEastern China (Shanghai): 4,110-4,120 yuan ($626-627) per tonne, narrowed by 10 yuan on both endsSellers kept prices high despite a weakening o...Read More

The metals were looking robust this morning, Wednesday November 18, and for the most part are managing to drive higher despite concerns about the rapid spread of Covid-19 and some mixed economic data of late.Asian Pacific equities were mixed this morning, as were major western equity indices on Tuesday......but major western equity indices are weaker this morning, suggesting some concern about the...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday November 18.Key drivers Prices rallied in Europe for the second consecutive week, with consumers and traders needing to restock inventories amid soaring shipping costs. The cost of shipping has jumped worldwide due to a combination of fewer vessels on the water, an imbalance in trade flows to and from China, and competition between...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

Key data from Fastmarkets' pricing session in Europe on Wednesday November 18.Key drivers The ferro-titanium spot price in Europe increased, marking 13 weeks of persistent increases in line with scrap tightness and renewed demand from consumers in the steel sector.Suppliers reported deals done, or heard, for more than 500 tonnes of standard-grade ferro-titanium for prompt shipment, with a couple o...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

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

Key data from Fastmarkets' pricing session in China on Wednesday November 18. Key drivers Several major suppliers held back from offering, thus tightening the supply of spot material.Consumers with solid demand but limited raw material stocks had to accept much higher prices to meet their prompt production needs. Key quotes"We have received a large number of inquiries...Read More

The South African chrome ore market dipped in the week ended Tuesday November 17 in response to the availability of ample material in China.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, was $134 per tonne on Tuesday, down by $2 per tonne (1.5%) from $136 per tonne a week earlier."The decrease in ferro-chrome tender pricing, coupled with a wave of new offers fro...Read More

The head of the Brazilian state of Minas Gerais, where Vale's (NYSE: VALE) Brumadinho dam collapsed in January 2019 leaving 270 people dead, has rejected the miner's proposed settlement of around 21 billion reais (US$3.97 billion).Minas Gerais' Secretary General Mateus Simoes told local paper Isto e Dinhero the state opposed both the amount and some of the terms offered by Vale.According to Simoes...Read More

Silver and gold producer Hecla Mining (NYSE: HL) has participated in Dolly Varden Silver's (TSXV: DV; US-OTC: DOLLF) $7-million flow-through private placement to maintain a 10.7% interest in the silver-focused junior.As part of the financing, Hecla acquired a total of 807,846 shares of Dolly Varden, at 89 ? per unit, for gross proceeds of $718,983. This subscription was part of an ancillary rights...Read More

Silver miner Endeavour Silver (TSX: EDR; NYSE: EXK) has expanded the size of its Terronera development project in Jalisco State, Mexico. The property now covers 201.3 sq. km, with the addition of the adjacent La Sanguijuela and Cerro Gordo groups of concessions."These two acquisitions not only expand our property footprint at Terronera, they add multiple new mineralized vein structures with strong...Read More

Kutcho Copper (TSXV: KC; US-OTC: KCCFF) has started work on a feasibility study on its namesake high-grade copper-zinc development project in northwestern British Columbia. The company has hired CSA Global Consultants to lead the study preparation.Kutcho president and chief executive Vince Sorace highlighted the rising copper price, and noted how the developer is well-positioned to take advantage...Read More

Denison Mines (TSX: DML; NYSE: DNN) announced on Tuesday the successful completion of an independent preliminary economic assessment (PEA) for the Waterbury Lake Property in Saskatchewan, with an indicative timeline of pre-production activities beginning in 2025 and first production estimated in 2028.The PEA evaluated the potential use of in-situ recovery ("ISR") mining at the Tthe Heldeth T???(C...Read More

BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars.Read full newsRead More