Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week with demand being moderate, sources told Fastmarkets on Tuesday July 14.Demand was subdued because of the upcoming religious Eid Al-Adha holiday at the end of July.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, but buyers said that price was not work...Read More

Fastmarkets proposes to change the publication time of its Latin American steel price assessments to Friday at 2-3pm New York time from Friday 2-3pm London time.This proposal affects the following price assessments: Steel hot-rolled coil (dry) export, fob main port Latin America, $/tonne - MB-STE-0133 Steel hot-rolled coil import, cfr main ports South America, $/tonne - MB-STE-0102 ...Read More

(Updates prices) By Eric Onstad LONDON, July 14 (Reuters) - Copper prices slipped on Tuesdayafter a steep rally on worries about rising coronavirus casesand friction between the United States and top metals consumerChina. Copper had soared about 50% from its 45-month lows touchedin March to a two-year peak hit on Monday, largely on supplyconcerns from the biggest producer Chile. But copper stumble...Read More

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. * China’s imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.* United States President Donald Trump said last week...Read More

Turkish steel producers have resumed their deep-sea scrap purchasing at slightly higher prices, sources said on Tuesday July 14.A steel producer in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $257 per tonne, 27,000 tonnes of shredded at $262 per tonne and 3,000 tonnes of bonus at $267 per tonne cfr.This compared with transactions for US material at...Read More

Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW), has reported a decline in second-quarter output and sales due to weakness in the steel industry caused by measures put in place to combat the Covid-19 pandemic.Slower demand for blast furnace coke across the EU due to Covid-19 has had a significant negative impact on JSW's results for the second quarter of 2020, the company said...Read More

Analog Devices (ADI), a NASDAQ 100 stock moved below $115.07 completing a double top pattern.Automatic Data Processing (ADP), a NASDAQ 100 stock moved below 142.44 setting an intermediate downtrend. Pre-opening Comments for Tuesday July 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Index futures moved slightly lower following...Read More

Seaborne iron ore prices continued to rise on Tuesday July 14 but the bullish sentiment is cooling due to concerns over flooding in several parts of southern China, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.48 per tonne, up $1.39 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $114.26 per tonne, up $1.41 per tonne. 58% Fe fines high-grade premium, cfr...Read More

Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.11 per tonne, down $1.38 per tonne Premium hard coking coal, cfr Jingtang: $121.57 per tonne, down $1.54 per tonneHard coking...Read More

Domestic prices for ferrous scrap in Italy were fairly stable in the month up to Monday July 13, with limited demand from steel mills balanced by reduced scrap supply from the automotive industry. Fastmarkets' monthly price assessment for steel scrap, E40 shredded, delivered to mill, Italy was ?,?220-240 ($249-272) per tonne on July 13, unchanged over the month. And the monthly price assessme...Read More

The three-month zinc price on the London Metal Exchange was the standout underperformer during morning trading on Tuesday July 14, wiping out gains made on Monday amid continued market volatility. Zinc's outright price on the LME was recently seen at $2,208.50 per tonne, falling by more than 2% from Monday's closing price of $2,261.50 per tonne, while turnover was moderate at over 3,600 lots excha...Read More

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. China's imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.United States President Donald Trump said last week he was no...Read More

July 14, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") announces its second set of results from its maiden drill program at its wholly owned Hog Heaven Project, which returned multiple significant intervals of high-grade silver and gold mineralization. A total of seven holes representing 1,400.35m were drilled of HQ sized core.Chairman and CEO of Brixton, Gary R. Thomp...Read More

An updated preliminary economic assessment (PEA) for Rockhaven Resources' (TSXV: RK) wholly owned Klaza gold project in the Dawson Range gold belt outlines a 12-year, combined open-pit and underground operation producing gold and silver dor?(C) as well as lead and zinc concentrates.With total payable metals production of 750,000 oz. gold and 13.8 million oz. silver over 12 years at all-in sustaini...Read More

China's ferro-chrome market has been rising, with incremental increases in its annual output since 2015, and that momentum has extended despite the market being faced with a series of challenges in the first half of the year.This includes a wave of Covid-19-related production cuts and the supply disruptions to South Africa's chrome ore and while the market approaches the second half of 2020, the m...Read More

China's vanadium alloy prices consolidated in the week to Thursday July 9 after many domestic alloy suppliers refused to compromise further on prices and mills' buying interest gradually waned after having completed restocking in previous weeks, market sources told Fastmarkets. Many domestic suppliers for vanadium alloys including both ferro-vanadium and vanadium nitrogen were reluctant to lower o...Read More

Alamos Gold (TSX: AGI; NYSE: AGI) has released exploration results from its Island Gold mine in Ontario, which extend high-grade areas at the Island East and Main zones, as well as at Island West.The majority of the notable intercepts in the company's latest news release are from the E1E zone and confirm the vertical continuity of this area over up to 1.2 km, between depths of 300 metres and 1,500...Read More

This week's episode features the second of a two-part interview with CPM Group managing partner Jeffrey M. Christian at the Canadian Mining Symposium, held on Zoom from June 16-18, 2020. MINING.com executive editor Frik Els asked Christian about his views on commodities, including gold, tin and manganese, hydrogen engines and the next financial crisis.Jeffrey M. Christian is managing partner at CP...Read More

In its first estimate since 2010, Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) has updated the resource for its wholly owned Casino project in the Yukon with more drill results that would make it one of the largest copper-gold deposits in the world.The new resource includes results from the 2019 drill program and drilling performed from 2010 through 2012 that was unavailable when the company p...Read More

B2Gold (TSX: BTO; NYSE: BTG) reported consolidated gold revenue for the second quarter of the year at a record high of US$442 million, a 65% increase from the same period last year.The mid-tier Canadian miner attributed the results to a 31% rise in the average realized gold price during the period, as well as to sales jumping by 26%.The Vancouver-based company also saw overall production increase...Read More