Metal prices were mostly firmer on both the London Metals Exchange and the Shanghai Futures Exchange on Monday August 17, the exception was the SHFE September aluminium contract that was down by 0.3% while the rest of the metals on both exchanges were up by an average of 1.1%. United States/China trade talks over the weekend were postponed. Japan's preliminary gross domestic product fell by 7.8%...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25The project is now ready for development, pending finance. Earlier this month, Orion was granted the water use licence.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"The preliminary information indicates that the accident occurred underground at the Kakula north workings when a contractor's employee collided with the side wall of an access drive while attempting to move a drilling rig," Ivanhoe said.The company said Kamoa-Kakula's senior management team was working with DRC authorities to faci...Read More

Domestic flat steel suppliers to Russia's Central Federal District around Moscow are keen to increase prices from September, supported by stronger exports, although buyers doubt they will stick, sources told Fastmarkets on Monday, August 17.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia was unchanged at 41,000-42,000 roubles ($563-576)...Read More

Prices for rebar in Russia's Central Federal District around Moscow remained flat over the week to August 17, while sentiment in the market remained bullish on good demand from construction, sources said.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($480) per tonne on Monday, including 20% VAT, flat with the week before and...Read More

The domestic steel rebar price in Brazil increased for the second consecutive month in August, after steelmakers' attempts to raise it in July were successful, market participants said.Fastmarkets' monthly assessment of steel reinforcing bar (rebar) domestic, delivered Brazil was 2,510-2,620 Reais ($463-483) per tonne on Friday August 14, up from 2,410-2,530 Reais per tonne on July 10.As well as r...Read More

Egypt consumed 439,000 tonnes of rebar in July 2020, 33.48% less than the 660,000 tonnes it consumed in July 2019, Egyptian sources told Fastmarkets.This was up from 312,000 tonnes of rebar consumed in May 2020, but down from 658,000 tonnes of rebar in June 2020, sources added.The reasons behind Egypt's falling rebar consumption were the Eid al-Adha holidays at the end of July as well as the const...Read More

* Zinc touches highest in almost seven months * Lead hits strongest level since Jan. 23 * Yangshan copper premium extends losses (Updates prices) By Eric Onstad LONDON, Aug 17 (Reuters) - Nickel prices surged to theirhighest in nearly nine months on Monday on concern over supplyfrom the Philippines, the leading exporter of the stainlesssteel raw material. Copper and most other industrial metals al...Read More

Metal prices were mostly firmer on both the London Metals Exchange and the Shanghai Futures Exchange on Monday August 17, the exception was the SHFE September aluminium contract that was down by 0.3% while the rest of the metals on both exchanges were up by an average of 1.1%.* United States/China trade talks over the weekend were postponed.* Japan’s preliminary gross domestic product fell by...Read More

The Brazilian ferrous scrap sector has renewed its efforts to secure supply deals on longer-term contracts with the country's two top steelmakers, ArcelorMittal and Gerdau, which currently buy in the spot market, according to scrap materials association Inesfa.Other producers which use scrap as input - such as Grupo Simec, Companhia Sider??rgica Nacional (CSN) and Ternium - already engage in contr...Read More

Healthcare SPDRS (XLV) moved above $107.53 to an all-time high extending an intermediate uptrend.Walmart (WMT), a Dow Jones Industrial Average stock moved above 4133.58 to an all-time high extending an intermediate uptrend.Dollar Tree (DLTR), a NASDAQ 100 stock moved above $107.53 extending an intermediate uptrend.  Pre-opening Comments for Monday August 17thU.S. equity index futures were hig...Read More

The Turkish steel mills went through the first working day of the week making no deep-sea scrap bookings, adding to a week-long silence in the deep-sea markets, Fastmarkets heard on Monday August 17.Turkish steel mills paused their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) reached $285 per tonne cfr for US- and Baltic Sea-origin material.Market participants expected the mil...Read More

The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million tonnes to 120 million tonnes per year. The Serra Sul 120 project will expand the production capacity of Vale's S11D mine and plant, which is the main unit in the Caraj??s region, with start-up expected to the fir...Read More

The seaborne premium hard coking coal fob price dropped on Monday August 17 following recent transactions, while participants said that the ex-China markets are now more active than the cfr market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.55 per tonne, down $1.29 per tonne Premium hard coking coal, cfr Jingtang: $115.02 per tonne, down $0.07 per tonneHard coking coal, fob DBCT:...Read More

Iron ore fines prices held steady in the physical market on active trading on Monday August 17, largely due to low mid-grade fines port inventories in China and despite a decrease in Dalian Commodity Exchange futures values, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.44 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.50 pe...Read More

Prices for seaborne iron ore pellets strengthened in the week ended Friday August 14 while those for concentrate edged up.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $125.47 per tonne, up $0.78 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $134.14 per tonne, up $3.10 per tonne.Key driversSeveral traders noted that offers for several cargoes of pellets issued last week were h...Read More

Chinese lithium producer Tianqi has announced that company president Vivian Wu submitted a written letter of resignation on August 12, according to a filing to the Shenzhen stock exchange on Friday August 14.Wu's term of office was scheduled to end in 2023. She cited "personal reasons" for her decision.Tianqi chairman Jiang...Read More

China's hot-rolled coil prices gained some strength on Monday August 17 after buyers stepped up on restocking amid rising futures.DomesticEastern China (Shanghai): 4,060-4,080 yuan ($584-587) per tonne, up 20 yuan per tonneSeveral Shanghai-based traders said trading activity had picked up on Monday compared with the last few working days of last week, which pushed prices upward.Market sentiment wa...Read More

China's domestic rebar prices moved up on Monday August 17 on steady buying and expectations among buyers that demand would gradually increase in the next few months. Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($524-528) per tonne, up by 30 yuan per tonneA strengthening of rebar futures stimulated buying interest in the spot market, which in turn pushed up prices for physical products.Inv...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...Read More