Iron ore prices fell sharply on Wednesday May 19, with low liquidity and sintering restrictions in Tangshan driving the downturn, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $216.16 per tonne, down $8.28 per tonne62% Fe low-alumina fines, cfr Qingdao: $218.79 per tonne, down $8.98 per tonne58% Fe fines high-grade premium, ...Read More

Seaborne hard coking coal prices in the fob market gained support from restocking activity on Wednesday May 19, whereas major buyers in the cfr market stood on the sidelines, market sources said.Fastmarkets indices Premium hard coking coal, fob DBCT: $129.18 per tonne, up $5.50 per tonne Premium hard coking coal, cfr Jingtang: $269.78 per tonne, down $3.37 per tonne Hard coking coal, fob DBCT: $11...Read More

China's domestic rebar prices fell rapidly on Wednesday May 19 on softer demand as a result of rain.DomesticEastern China (Shanghai): 5,370-5,400 yuan ($836-840) per tonne, down by 180 yuan per tonneHeavy rain in many parts of eastern and southern China during the day affected both construction activity and transportation.With wet weather forecast to continue over the next day days, market partici...Read More

Base metals prices on the London Metal Exchange dipped slightly across the board during morning trading on Wednesday May 19, following a week of volatility and a growing sense of unease. "Although the first trading week of May looked super bullish, I am not in the camp that base metals can hold on to the gains made. Instead, I envisage the monthly close to turn negative," Fastmarkets analyst Andy...Read More

- Summer exploration program will be designed to assess a number of targets that have seen little or no historic drilling- Potential joint-venture partners have expressed interest in Keystone- Identification, qualification, and prioritization of the targets is ongoing by means of detailed surface geology, geochemistry, geophysics, and Leapfrog 3D modeling using surface and drill hole geologic inf...Read More

The cobalt market has started operating with more efficiency and transparency, which in turn, should make it easier to plan for battery-related demand, panelists said during the Cobalt Institute's annual conference on May 18-19. The cobalt market faces the challenge of bringing sufficient material online to meet demand from the growing battery sector, while simultaneously filtering through varying...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...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 transparencyinto the markets it covers and the pricing process it applies....Read More

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

Key data from Fastmarkets' pricing session in Europe on Wednesday May 19. Key driversEuropean ferro-titanium suppliers held their offer prices over the week ahead of expected renewed demand for both longer- and near-term delivery orders from steel mills.Suppliers noted some buying interest in Europe this week, but no confirmed sales on a spot basis.Scrap trading activity was also quiet, with...Read More

The near-term outlook for ferro-silicon looks set to climb higher to a near record-high since Fastmarkets started assessing the price more than 24 years ago due to firm fundamentals, industry sources said.The European spot delivered price is gripped between tight supply and strong demand from steelmakers, while market focus is on expectations of renewed demand from consumers in early June for thei...Read More

China's imported steel scrap prices weakened on Wednesday May 19 in response to falling steel futures prices and minimal buying interest.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $505-520 per tonne on Wednesday, down $5 from $510-525 per tonne a day earlier. Few buyers were bidding...Read More

First Quantum Minerals (TSX: FM) is selling a 30% stake in its Ravensthorpe nickel operation in Western Australia to South Korean steel giant POSCO for US$240 million.The funds will be used to help pay down debt.Under the deal, POSCO, South Korea's largest steel maker and the world's fourth-largest, is also securing 7,500 tonnes of nickel in mixed nickel-cobalt hydroxide precipitate (MHP) a year s...Read More

British Columbia-focused base metals producer Imperial Metals (TSX: III) has announced a rights offering to raise $60.2 million, (US$49.6 million) which it will use to fund its portion of work at the Red Chris copper-gold mine and repay debt.Imperial will issue rights to subscribe for 12.85 million common shares at $4.70 each.Insiders and their affiliates, including major shareholder and Alberta-b...Read More

Labrador Gold (TSXV: LAB) has closed a non-brokered private placement, raising $15 million from the sale of 16.7 million working capital units at a price of $0.90 each. A single unit consists of one common share and one-half share purchase warrant. Each full warrant is exercisable to acquire a common share at $1.05 until May 18, 2023.The units were taken up one-third by New Found Gold (TSXV: NFG;...Read More

A wall of platinum production from South Africa coming back online following Covid-19 disruptions is expected to offset demand growth this year and push the market into surplus territory, new data released by PGMs (platinum-group metals) specialist Johnson Matthey shows.A 27% gain in autocatalyst demand, according to estimates published in the latest PGM Market Report, is not enough to stem the im...Read More

Canada has a "once-in-generation" opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the views of stakeholders across the electric vehicle (EV) supply chain shows.The Clean Energy Canada's study compiling opinions of major actors in the sector, such as General Motors Canada, Lion Electric, the...Read More

Spot ferro-chrome prices in China rose for the first time since March, with improved demand and sentiment after new power cuts were imposed in Inner Mongolia. Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China was 7,300-7,600 yuan ($1,135.62-1,182.29) per tonne on Tuesday May 19, up by 100 yuan (1.4%) from 7,200-7,500 yuan per tonne the preceding week. Prior...Read More

McDermitt puts Jindalee at top of US lithium stock-pileSPONSOREDjindalee resourcesJust how much it was over the odds depends on a whole bunch of assumptions. But the pundits will tell you it was something like $150-250 million too much.Read More

Kyrgyzstan turns the screw as rumours fly of bid actionRead full newsRead More