A continual strengthening of the yuan against the dollar pushed up export prices for Chinese rebar on Wednesday September 16, though domestic prices for the product in China remained flat due to a less active market. DomesticEastern China (Shanghai): 3,700-3,720 yuan ($547-550) per tonne, unchangedRain in eastern China, coupled with a weakening of the futures market, continued to hinder trading in...Read More

London Metal Exchange three-month base metals prices were directionless over the morning on Wednesday September 16, while the market awaits clarification on the potential stimulus packages from the United States Federal Open Markets Committee today.Buyers continue to approach the complex with caution despite the stronger China industrial production data out on Tuesday, with many sources waiting fo...Read More

The stronger tones in the base metals that have been seen this week were struggling to push ahead this morning, Wednesday September 16, because the market is waiting for direction, which is expected to come out of this evening's US Federal Open Market Committee (FOMC) meeting. Will the better-than-expected US recovery mean the FOMC does not need to be as dovish, especially if Congress' relief pack...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday September 16.Key drivers Tighter titanium scrap supply in the past few weeks has finally pushed up prices after being unchanged for 10 consecutive weeks, with buyers reporting deals down around the new range. Scrap prices may increase in the near term while tight availability - due to a drop in scrap generation following a slump in...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 standard grade,...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 Cobalt alloy...Read More

Key data from the Wednesday September 16 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China were steady, with liquidity improving in the first half of this week compared with late last week; but speculators and downstream consumers are generally cautious about taking positions or restocking, despite news on September 9 that China's State...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores."It is been an extraordinary period with record levels of ores and ferro-alloys...Read More

Amex Exploration (TSXV: AMX; US-OTC: AMXEF) has reported assay results for seven holes completed at the Denise zone, within its Perron gold property in northwestern Quebec, which step out the zone to the west and towards surface. The intercepts include long intervals of mineralization, which, according to Jacques Trottier, the company's executive chairman, establish Denise as a "standalone gold zo...Read More

Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The 21-hole, 6,770-metre drill program, conducted between May and August, confirmed the overall continuity of the Kiena Deep A zone's geometry as well as high-grade gold mineralization. The dri...Read More

Drill results from the Central zone at Argonaut Gold's (TSX: AR) wholly owned past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with the Elbow zone to the west.The company's most recent release includes assays for seven holes. These hit gold below, and next to, the proposed Magino pit shell. Drill highlights include 9 metres of 13...Read More

There has been distinctly mixed news for British miners during the first half of September.First the bad news: The University of Exeter announced that entry for mining-engineering programs at the famous Camborne School of Mines (CSM) has been "paused" while it "reshapes the opportunities for students".Founded in 1888, CSM said it must "explore a range of options to allow undergraduates to study mi...Read More

CIBC has raised its gold price forecasts to US$2,300 per oz. in 2021, US$2,200 per oz. in 2022, US$2,100 per oz. in 2023 and US$2,000 per oz. in 2024.This year the bank assumes that gold will average US$1,925 per oz. in the third quarter and US$2,000 per oz. in the fourth quarter for a full year average price of US$1,800 per ounce.Silver prices are estimated to run to US$32 per oz. in 2021, US$31...Read More

Three containers of copper from Turkey heading to a Chinese smelter have been discovered to have been filled with bricks upon arrival in Lianyungang port in China, sources have told Fastmarkets. The containers, that were supposed to be each transporting about 25 tonnes of 99% copper-content blister, were inspected by customs personnel last week, according to photographs seen by Fastmarkets. Two in...Read More

BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a federal inquiry following Rio Tinto's (NYSE: RIO; LSE: RIO) destruction of two 46,000-year-old sacred shelters.Both companies have been criticized for having gag clauses in land agreements preventing traditional owners from pu...Read More

The market for UG2 chrome ore ticked up in the week to September 15 on strengthening sentiment amid low liquidity, while both the domestic and imported ferro-chrome markets remained stable, sources said.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 per tonne to $138 per tonne week on week on Tuesday September 15."There has been a little flurry of a...Read More

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