Mexican light vehicle production reached 241,442 units in May 2021, according to figures released by national statistics agency, Inegi, on Friday June 4.That marks an increase of 956.08% from the 22,862 units produced in the same month a year before, when production was negatively affected by stoppages...Read More

The price of stainless steel scrap in the UK and Europe moved upward this week amid higher nickel costs and persistent short supply, Fastmarkets heard on Friday June 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, widened upward week on week to ?1,150-1,240 ($1,626-1,753) per tonne on Friday, compared with ?1,150-1,180 per tonne pre...Read More

Prices for inter-merchant light iron scrap in the United Kingdom were stable for the second consecutive week on Friday June 4, with suppliers maintaining their offer prices amid firm domestic demand despite some mixed signs in export markets, trade sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?170-180 ($240-...Read More

Prices of shredded steel scrap imported into India and Pakistan have rebounded over the past seven days on tight supply and improving appetite, following a dip the previous week, Fastmarkets heard on Friday June 4.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $509.50 per tonne on June 4, up from $509.04 per tonne on June 1, and up week on week from $495.42 per tonne...Read More

Turkish steel producers ended the week with no deep-sea scrap bookings amid limited finished steel demand, market participants told Fastmarkets on Friday June 4.The most recent deep-sea trade was done at the end of last week, when a steel mill in the Marmara region booked a United States cargo comprising heavy melting scrap 1&2 (80:20) at $503 per tonne and shredded scrap at $513 per tonne cfr.Dem...Read More

Iron ore prices fell on Friday June 4 amid uncertainty about local government policies in China. As a result, most market participants held back from trading activity to wait for further developments.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $207.35 per tonne, down by $3.64 per tonne62% Fe low-alumina fines, cfr Qingdao: $209.20 per tonne, down by $3.61 per tonne58% Fe fines high-grad...Read More

Most base metals stocks in Shanghai Futures Exchange-registered warehouses went down in the week to Friday June 4, with aluminium recording the largest drop in percentage terms. Aluminium stocks totaled 313,699 tonnes on Friday, down by 15,873 tonnes (4.8%) from 329,572 tonnes a week ago. The largest outflow was from HenanGuochu Gongyi warehouse in Henan province, where volumes were down by 8,050...Read More

Hot-rolled coil prices in China's domestic market extended their gains on Friday June 4, as the futures prices saw another choppy trading session.DomesticEastern China (Shanghai): 5,580-5,630 yuan ($872-879) per tonne, up by 30 yuan per tonne.Northern China (Tangshan) weekly assessment: 5,520-5,580 yuan per tonne, up by 170-200 yuan per tonne.Friday's small increase in spot prices came with gains...Read More

China's domestic rebar prices edged up on Friday June 4 on stronger demand ahead of the weekend, ending the week 200-yuan-per-tonne above the previous Friday's close in the eastern region, sources said.DomesticEastern China (Shanghai): 5,030-5,060 yuan ($785-790) per tonne, widening upward by 10 yuan per tonne.Northern China (Beijing) weekly assessment: 5,160-5,200 yuan per tonne, up by 160-170 yu...Read More

Dip-buying activity took most base metals prices higher on the morning of Friday June 4 on the London Metal Exchange, following an average fall of 2.5% on Thursday due to a strengthening dollar and positive employment data from the United States. The dollar index has risen over the past two days, coming to a high of 90.63 on Friday morning, amid concerns about the US Federal Reserve slowing down i...Read More

Base metals prices on the London Metal Exchange have attracted dip-buying this morning, Friday June 4, after weakness on Thursday when prices fell across the board by an average of 2.2%. At the same time, prices on the Shanghai Futures Exchange were weaker this morning while they reacted to yesterday's weakness on the LME.Thursday's strong US data, including employment data, bodes well for today's...Read More

BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the majority owner and operator of Escondida copper mine in Chile, will have to spend up to US$93 million as part of an environmental plan drawn up to resolve a lawsuit from the state over water use and related damage to a sensitive area in the country's north.The case goes back to April last year, when the Chilean State sued BHP over alleged "irreparable damag...Read More

The record copper price environment has prompted a resurgence in copper exploration activity at several projects that were marginal at the long-term average metal price.Just two examples include US Copper (TSXV: USCU; US-OTC: USCUF), which has this week mobilised exploration crews to the Superior copper deposit in California and Sweden-based Copperstone Resources, which has for the first time in 2...Read More

Castillo Copper (ASX: CCZ; LSE: CCZ) plans to drill its flagship Mt. Oxide project in Australia's Mt. Isa copper belt and its Luanshya and Mkushi projects in Zambia with the proceeds of an A$11.7 million ($10.9 million) financing.The funds will be used to test copper targets across the Big One deposit, Arya and Sansa prospects at Mt. Oxide and for exploration programs at its copper projects across...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More

An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More

Recent drill results from Newcore Gold's (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company's district-scale exploration opportunity in Africa's top gold producing nation, president and CEO Luke Alexander tells The Northern Miner.On June 1, Newcore reported drilling at the Boin gold deposit, one of three resource-stage deposits comprising Enchi, had intersected 0.9 grams gold...Read More

Fastmarkets has corrected its manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price, which was published incorrectly on Friday June 4 due to an error. Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam (MB-MN-0001) was originally published at $3,350-3,475 per tonne on June 4. It should have been $3,350-3,550 per tonne. Fastma...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 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 alloy...Read More