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PRICING NOTICE: Delayed publication of European aluminium scrap and secondary prices

May 01, 2021 / www.metalbulletin.com

The publication of Fastmarkets' European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue. Fastmarkets' pricing database, MInD, will be updated at the earliest possible moment to reflect the below assessments for the following prices: MB-AL-0019 - Aluminium scrap mixed turnings, delivered consumer Europe, ?,?/tonne April 23: ?,?1,1...Read More

LME to publish discussion paper results around June 8; no decision on ring yet

May 01, 2021 / www.metalbulletin.com

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said. If the exchange decides to reopen the ring, which temporarily closed in March 2020 due to the Covid-19 pandemic, the earliest possible date would be the end of June, when social distancing criteria are exp...Read More

SHFE STOCKS REPORT 30/04: Most base metals inventories down; nickel falls 8%

May 01, 2021 / www.metalbulletin.com

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell in the week to Friday April 30, with nickel down by the most in percentage terms.Nickel stocks totaled 7,877 tonnes this week, down by 683 tonnes or 8.0% from 8,560 tonnes a week earlier. The largest outflow was 453 tonnes from the Changzhou Rongda warehouse in Jiangsu,...Read More

COKING COAL DAILY: PCI price up sharply in cfr market amid new buying interest

May 01, 2021 / www.metalbulletin.com

Seaborne coking coal prices climbed in the cfr market amid tight supply and rising offers on Friday April 30, but inched lower in the fob market amid soft buying activity, market sources told Fastmarkets.Prices for seaborne pulverized coal injection (PCI) material increased sharply in the cfr market in the week to April 30, due to persistently tight supply and rising prices for metallurgical coke,...Read More

IRON ORE DAILY: Limited demand ahead of five-day holiday in China

May 01, 2021 / www.metalbulletin.com

Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne, down $2.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, down $3.42 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, down $4.31 per tonne 65% Fe Brazil-or...Read More

CHINA REBAR: Demand dries up on eve of Labor Day

May 01, 2021 / www.metalbulletin.com

China's domestic rebar prices dipped on Friday April 30, just a day before the start of a five-day break to mark Labor Day in the country.DomesticEastern China (Shanghai): 5,180-5,200 yuan ($801-804) per tonne, down by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 5,170-5,200 yuan per tonne, up by 60-70 yuan per tonneSeveral Shanghai-based traders said the market was inactive throug...Read More

LIVE FUTURES REPORT 30/04: Further gains for LME tin, lead; copper consolidates

May 01, 2021 / www.metalbulletin.com

Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday. Tin's three-month price rose the most on Friday morning, with a 1.3% gain to $28,835 per tonne.It is currently at its highest level since August 2011 and has recently been spurred on by the...Read More

AEROSPACE MATERIALS MARKET REPORT 30/04: European magnesium consumers unable to find spot material amid tightness

May 01, 2021 / www.metalbulletin.com

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 30/04: Ferro-tungsten climbs to one-month high on raw material tightness

May 01, 2021 / www.metalbulletin.com

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

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

May 01, 2021 / www.metalbulletin.com

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

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

May 01, 2021 / www.metalbulletin.com

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...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

May 01, 2021 / www.metalbulletin.com

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

May 01, 2021 / www.metalbulletin.com

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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt sulfate...Read More

EU to set 13.4-34.6% provisional anti-dumping duty on CR stainless steel from India, Indonesia

May 01, 2021 / www.metalbulletin.com

The European Commission (EC) will set provisional anti-dumping duties of 13.40-34.60% on cold-rolled stainless steel from India and Indonesia, the EC said on Friday April 30.The tariffs will not come into force until European authorities publish a full document regarding preliminary measures in the Official Journal of the European...Read More

Surging LME aluminium price squeezes European secondary smelter margins

May 01, 2021 / www.metalbulletin.com

A surging London Metal Exchange aluminium price continued to push scrap prices higher and pinch European secondary aluminium smelter margins in the week to Friday April 30. Secondary aluminium ingot prices are under pressure, with shut automotive plants reducing demand for metal, while the higher LME price is raising feedstock costs for ingots. Purer grades of aluminium scrap, sold on a percentage...Read More

Tanzanian Gold's Buckreef on course to be a significant gold producer, says CEO Stephen Mullowney

April 30, 2021 / www.northernminer.com

Tanzanian Gold's (TSX: TNX; NYSE: TRX) Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania, is on track to become the region's newest gold mine, according to the company's CEO Stephen Mullowney.The project involves the re-development of the past-producing Buckreef underground gold mine operated by a state-owned mining company during th...Read More

Two charts show why investors are right to love mining streaming companies

April 30, 2021 / www.northernminer.com

Despite keen investor interest, streaming and royalty deals still only make up a fraction of overall debt and equity financing in the mining industry, accounting for just 1%-3% from 2017 through 2019. That seems surprising, because as a new report by McKinsey & Company shows, when looking at the returns offered to shareholders by these companies, the market definitely considers the business model...Read More

Chile's Pampa Camarones copper mine is up for sale

April 30, 2021 / www.northernminer.com

Chilean private equity fund Miner?-a Activa has put up for sale its Pampa Camarones copper mine in the country's far north amid an ongoing copper price rally that saw the bellwether metal passing US$10,000 a tonne this week for the first time since 2011.The firm, which acquired the operation in 2016 after its previous owners declared it bankrupt, made the decision to sell it earlier this year, rec...Read More

Deep-sea mining tests resume as lost robot rescued

April 30, 2021 / www.northernminer.com

Belgium's Global Sea Mineral Resources (GSR) has resumed tests that could lead to the mining of battery minerals from the Pacific Ocean floor after it managed to recover a robot stranded at a depth of thousands of metres.The company reported on April 28 that its Patania II, a 25-tonne mining robot prototype, had uncoupled from a 5 km long (3.1 miles) cable connecting it to the surface.The unit of...Read More

Newmont earnings fall on solid quarter

April 30, 2021 / bit.ly

Solid results but earnings downRead full newsRead More

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