Turkish export prices for steel rebar and wire rod have increased over the past week due to rising costs for imported scrap, but the demand for finished materials was still weak, sources said on Thursday July 16.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $415-420 per tonne on Thursday, up from last week's figure of $400-410 per tonne f...Read More

(Updates prices) By Peter Hobson LONDON, July 16 (Reuters) - Copper prices rose back towardstwo-year highs on Thursday after data showed a rise in Chinesefactory output, though the numbers also pointed to trouble aheadfor the world's biggest metals consumer. Benchmark copper on the London Metal Exchange (LME)was up 0.8% at $6,435 a tonne at 1601 GMT, near Monday's peak of$6,633.The metal used in p...Read More

Turkey's Tosyali Holding is set to start the process of reviving steelmaking in Cassinga in southwest Angola, Africa.The Angolan government approved Tosyali's investment in the Cassinga Integrated Iron & Steel project in 2019, the company said on Friday July 10.Operations...Read More

Home Builders ETF (XHB) moved above $46.60 extending an intermediate uptrend.Pre-opening Comments for Thursday July 16thU.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Weakness was triggered partially by a 4.5% drop by the Shanghai Composite Index to 3,210.10.Index futures were virtually unchanged following release of economic news a...Read More

Seaborne premium coking coal prices fell further on Thursday July 16, largely due to China's strict import restrictions and with market participants split over the future direction of the steelmaking raw material, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT:  $109.22 per tonne, down $1.63 per tonne Premium hard coking coal, cfr Jingtang: $117.96 per ton...Read More

India imported 9.26 million tonnes of coking coal in the April-June quarter of 2020, according to local media reports. This was down by 28.3% from the corresponding period last year.In June alone, the country imported 2.84 million tonnes of coking coal, down by 10.7% month on month.Total imports of all kinds of coal came to 48.84...Read More

Seaborne iron ore prices went down further on Thursday July 16 with few deals done in the seaborne market and persistent concerns of weak demand due to floods in southern China, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.68 per tonne.62% Fe low-alumina fines, cfr Qingdao: $113.05 per tonne, down $1.06 per tonne. 58% Fe fines high-grade premium,...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prolonged flooding in China could limit the use of construction steel and drag down demand for steel rebar in the short term, which in turn could damp the demand for iron ore. So far, it has been reported that steel mills in the affected regions have continued to operate as normal. The floods have, however, caused a few days...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Upward momentum in US domestic sheet steel prices came to a halt in the second half of June, wiping out earlier gains. Although the prices of hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased on a monthly average basis, the d...Read More

China's hot-rolled coil inventory levels rose in the past week due to the arrival of imports, but prices were largely stable on Thursday July 16 amid steady buying.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($555-558) per tonne, widening downward by 10 yuan per tonneSellers were mainly asking for 3,890-3,900 yuan per tonne on Thursday morning, but prices weakened slightly in the afternoon...Read More

China's domestic rebar prices fell further on Thursday July 16 amid high stock levels in the spot market.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($509-513) per tonne, down by 20-30 yuan per tonneHeavy rain and high summer temperatures sapped demand for rebar in the past week, which resulted in higher inventory levels in the market.Spot markets in China had 8.42 million tonnes of rebar...Read More

The cobalt alloy grade, in-whs Rotterdam 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

The cobalt standard grade, in-whs Rotterdam 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, in-whs Rotterdam...Read More

Key data from Fastmarkets' July 15 pricing session in Europe.Key drivers The global cadmium market is still paralyzed, with demand from India - the main buyer worldwide - at minimal levels since the pandemic started. Some sources expect renewed activity by early August, they told Fastmarkets. But with several Indian states reimposing partial lockdowns while coronavirus cases in the country near on...Read More

Key data from the July 15 pricing session in London and Shanghai. Key drivers:Cobalt hydroxide payables moved up in the first half of this week with buyers still holding out from making offers in light of tight spot availability and softening standard-grade benchmark metal prices, against...Read More

U.S. firms have been atop the industry pursuing precious metals across the globe. The Northern Miner presents its top-10 list of U.S.-based, mid-tier and junior precious metals companies by market cap as of mid-July.1. Coeur MiningMarket cap: US$1.44 billionSurveyors at Coeur Mining's Rochester gold-silver mine in Nevada. Credit: Coeur Mining.Coeur Mining (NYSE: CDE) is a U.S.-based producer of pr...Read More

Corvus Gold (TSX: KOR; US-OTC: CORVF) has announced a discovery at its Lynnda Strip target, 2.5 km north-northeast of its Mother Lode deposit in Nevada's Greater Bullfrog gold district.The company released assay results for hole CH20-011, which returned 197 metres of 0.44 gram gold per tonne, starting at 264 metres, and includes higher-grade intervals, such as 5 metres of 1.44 grams gold and 44 me...Read More

OceanaGold's (TSX: OGC) Waihi District preliminary economic assessment (PEA) envisions an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.The additional ounces would be sourced from the Marth and Gladstone open pits, as well as from the underground portions of the Martha and Wharekirauponga (WKP) deposits.Based on a growth capital estimate of US$447 million...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) announced that it will reduce power supply to townships near the Porgera gold mine to save costs.The company said in a statement from mine operator Barrick (Niugini) Ltd that "due to necessary cost reductions" electricity the mine provides free to nearby communities would only be supplied for 12 hours a day starting on July 17.In May, Barrick cut its original 20...Read More

Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions have forced companies to halt or scale down operations and suspend work on projects, while reopening plans have been disrupted by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of mine closures and project delays, showing Latin America is the hardest hit in terms of t...Read More