June4, 2021Toronto, Canada (June 4, 2021) - Mega Uranium Ltd. (MGA: TSX) is pleased to announce that it has participated in the recently closed equity financings of Toro Energy Limited (ASX: TOE; "Toro Energy") and International Consolidated Uranium Inc. (TSXV: CUR; "Consolidated Uranium"), two publicly-listed issuers engaged in uranium exploration and development activities.Mega's AUD$1.5M invest...Read More

Prices in Turkey for hot-dipped and pre-painted galvanized steel coil were forced downward during the week to Friday June 4 in order to remain competitive, sources have told Fastmarkets.Demand was strong to moderate in the export markets, but the prices offered by Vietnam to Europe were about $30-40 per tonne lower than offers from Turkish suppliers.As a result, Turkish coated coil producers decre...Read More

The export pig iron market from the Commonwealth of Independent States was calm during the week to Thursday June 3 amid an uncertain price trend.Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $625-635 per tonne on Thursday, widening downward from $630-635 per tonne on June 2.The latest sales from CIS to the United States were reported at $665 per...Read More

High aluminium premiums in Europe put an upper limit on any uptrend in the low-carbon aluminium differentials on Friday June 4.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe, at $10-15 per tonne Friday, flat compared with the previous assessment on May 7.Multiple market participants reported hearing long-term value-added product deals at $15 per tonne,...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

London Metal Exchange base metals prices recovered swiftly at the close of Friday June 4 after lighter-than-expected US employment data kicked down the dollar index, following a Thursday session where decreases averaged 2.5%. Copper's three-month price rebounded to $9,955 per tonne on Friday at the close, a 1.7% rise from Thursday's $9,788.50 per tonne 5pm price. At the same time on Thursday, the...Read More

Fastmarkets' copper concentrate treatment charge and refining charge (TC/RC) index gained further upward momentum on Friday June 4 amid limited spot buying interest from Chinese smelters who are undergoing maintenance work. The index is now at its highest level since late February when it was at $35.80 per tonne / 3.58 cents per lb. This week, a few spot parcels of standard concentrate w...Read More

Nornickel resumed operations at its Taimyrsky nickel and copper mine in Siberia on June 1, the world's second biggest nickel producer said on Friday June 4. Taimyrsky is now operating at about 40% of capacity, having been disabled by flooding since February 28, while a second affected mine, Oktyabrsky, resumed full production on May 13. "Water from the horizons of the Taimyrsky mine has been pumpe...Read More

Freeport-McMoRan, BHP Ventures, Mitsubishi and Orion Resource Partners have invested in a technology firm to extract copper from low-grade primary sulfide ores.The United States-based Jetti Resources has secured 50 million dollars in Series C funding from these four companies, it said on June 4. Jetti, formed in 2014, specializes in technology to enable the extraction of copper from tailing a...Read More

Tin operations at Malaysia Smelting Corp (MSC) will be shut until at least Wednesday June 9 amid a strict lockdown put in place in Malaysia following a surge in Covid-19 cases, according to two sources with direct knowledge of the matter.MSC has halted operations from June 3 until June 9 due to the lockdown measures imposed in the country until June 14. Multiple customers of the company confirmed...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationJetti has proven the effectiveness of its leaching processing technology commercially at Capstone Mining's Pinto Valley mine in Arizona, USA, helping the miner double copper cathode productionRead More

Prices for galvanized steel sheet in the United States strengthened to another all-time high, and cold-rolled coil held steady at a record, after buyers in dire need of restocking reported a persistent inability to procure spot material.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US was unchanged at $91 per hundredweight ($1,820 per short ton) on Thursday June 3. The...Read More

Hot-rolled coil prices in the United States surged above $82 per hundredweight for the first time on Friday June 4, with buyers predicting that vigorous demand will extend the rally, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $82.36 per cwt ($1,647.20 per ton) on June 4, up 1.39% from $81.23 per cwt the previous day and up 2.37% from $80....Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman exploration"Even with the copper price recently reaching an all-time high, for example, the incentive price to build greenfield (and some brownfield) projects is still above the current price in some cases asRead More

Look beyond market approach to project valuations: van ZylLeadershipGreat Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe latter is reportedly in the final throes of raising A$500-600 million for a portfolio that includes...Read More

South American flat-rolled steel import prices all recovered past $1,000 per tonne on Friday June 4 following a momentary tumble the previous week, with China raising offers for shipment in August and market participants expecting higher or stable prices from other regions as well.Firm negotiations for August-shipment orders were expected to take place in the coming week. Import prices saw a wides...Read More

Most flat steel prices in Turkey decreased during the week to Friday June 4 amid slightly weaker demand compared with previous weeks due to low-priced imports.The country's currency is also losing value,resulting in cautiousness in the market, sources told Fastmarkets. The Turkish lira was trading at 8.67 lira to $1 onFriday, compared with 8.27 lira to $1 on May 1, and 7.42 lira to $1 on January1...Read More

Indian steel mills have increased their domestic hot-rolled coil prices by 2,500-5,000 rupees ($34-68) per tonne for sales in June, bringing local prices closer to international HRC prices, Fastmarkets heard on Friday June 4.The price of steel HRC, domestic ex-whse India, was assessed by Fastmarkets at 68,500-70,500 rupees ($938-965) per tonne on Friday, compared with last week's assessment at...Read More

Index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.U.S. equity futures moved slightly higher following release of the May employment report at 8:30 AM EDT. May Non-farm Payrolls were expected to increase to 671,000 from upwardly revised 278,000 in April. Actual was 559,000. May Unemployment Rate was expected to slip to 5.9% from 6.1% in April. Actual...Read More

Market activity has been slow in the European hot-rolled coil market because buyers were holding back from new deals to monitor the situation in the global market and to wait for a decision in the regional safeguard measures case, sources told Fastmarkets on Friday June 4.Domestic prices have been supported by good order books at European steelmakers, however, and by limited access to overseas coi...Read More