(IDEX Online) - Zimbabwe's state-owned miner this week said it aimed to increase diamond production this year by 30 per cent. It predicts a total output of 3m carats, up from 2.3m in 2020, as a result of improved mining methods. The Zimbabwe Consolidated Diamond Company (ZCDC) also hopes a joint exploration venture with Alrosa will further increase its diamond production.&nb...Read More
Steel reinforcing bar prices in the United States increased again on Wednesday June 2, with the most recent hike from domestic producers accepted by the market.Fastmarkets' assessment for steel rebar, fob mill US was $44 per hundredweight ($880 per short ton) on June 2, up 0.57% from $43.75 per cwt the previous week.US marketThe most recent round of mill hikes - led by Commercial Metals Co and fol...Read More
Turkish steel billet prices have gone down this week on falling costs for imported scrap raw material, market participants said on Thursday June 3.The Turkish scrap import prices have been falling over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27 per tonne on Wedne...Read More
Domestic steel rebar prices in Turkey have gone down over the past week amid falling scrap costs, market sources said on Thursday June 3.Turkish scrap import prices have fallen over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27...Read More
The Turkish long steel export market remained quiet over the past week on a lack of demand from Southeast Asia, while falling scrap costs were increasing the pressure on prices, market participants told Fastmarkets on Thursday June 3.The steelmakers in Turkey decreased their export rebar offers but still failed to find demand for their material.The mills were offering rebar for export at $730 and...Read More
Sentiment in the steel wire rod market in the south of Europe remained quite optimistic over the past week, aided by persistent shortages, good demand and expensive raw materials, Fastmarkets heard on Wednesday June 2.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?820-840 ($1,001-1,025) per tonne on June 2, up from ?,?800-810 per...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingThe company went public in December 2020 and this will be its first drilling on the project wi...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe unprecedented management, compensation and repair agreement was reached by BHP, the State Defense Council and the Atacameño Peoples Council, as well as the Peine Indigenous Community, whichRead More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationManagement are looking into a new, lower-cost approach to mining Rockcliff's Tower and Rail deposits in Manitoba, plus potential M&A activity to "bring scale".Chairman Donald Christie, who is CEO of circa 27% shareholder Norvista Capital, was appointed interim president and CEO, effectively immediately, t...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally weaker on Thursday June 3 morning, although nickel bucked the trend on both exchanges.* Brent crude oil continues to rally, reaching $71.71 on Thursday morning.* China’s Caixin services purchasing manager’s index eases to 55.1 in May, from 56.3 in April.Base metalsLME three-month base metals pric...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe announcement comes days after the Canada-based company said it was seeking an exemption to the DRC's reinstated export ban on concentrates as Kamoa-Kakula started production last week. Offtake and export agreements for the balance of the copper concentrates produced during phase one were "nearing fin...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThere had been a major, 135 million tonne landslide at Bingham Canyon's north-east wall in April 2013, with recovery work taking two years and constraining production. Rio did not refer to any potential impact on production from the latest slip, which occurred in the south-east corner of Bingham Canyon.H...Read More
No bulk scrap cargoes have been sold into Bangladesh over the past seven days, following the flurry of deals in the middle of last week, sources told Fastmarkets on Thursday June 3.HMS 1&2 (80:20) was on offer from the United States at $525-530 per tonne cfr earlier this week, but no new deals were done, sources said, with the most recent US deals being two deep-sea cargoes of shredded scrap that...Read More
Iron ore prices pushed up on Thursday June 3, supported by rising steel and coke values, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $210.99 per tonne, up $1.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $212.81 per tonne, up $1.31 per tonne58% Fe fines high-grade premium, cfr Qingdao: $184.58 per tonne, up $2.28 per tonne65% Fe Brazil-origin fines, cfr Qingdao: $241....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points in pre-opening trade.Equity futures are expected to respond to a series of economic reports to be released this morning. ? The May ADP Non-farm Employment to be released at 8:15 AM EDT is expected to drop to 650,000 from 742,000 in April. ? Next estimate of first quarter Non-farm Productivity to be released...Read More
Seaborne premium hard coking coal prices climbed up in the fob market on Thursday June 3 amid more buying interest but slightly slipped in the cfr market due to weak demand after some major Chinese steel mills finished restocking late last week and early this week, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $162.77 per tonne, up $7.93 per tonnePremium hard coki...Read More
Prices for steel scrap imported into China edged up on Thursday June 3 amid improving sentiment in the domestic market, sources said.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China - which takes into account prices at ports in eastern China - was $510-530 per tonne on Thursday, up by $10-15 from Wednesday.Many Chinese mills raised their purchase price...Read More
China's Delong Group and New Tianjin Steel are partnering on two projects to further develop steel-making capacity in Indonesia, the companies said on May 30.New Tianjin Steel - a subsidiary of Delong Group, Tsingshan Group and Risun Group - signed a contract to build Detian Coking Project, together with supporting facilities such as gas purifiers. The new coke plant will produce 4.7 million tonne...Read More
China's domestic rebar prices continued to increase on Thursday June 3 on futures gains, but heavy rains slowed the increase compared with Wednesday's uptick, sources told Fastmarkets. DomesticEastern China (Shanghai): 5,030-5,050 yuan ($787-790) per tonne, up by 30 yuan per tonne The transportation of rebar by truck and construction activity were interrupted by heavy rains in certain parts of eas...Read More
China's domestic stainless steel prices moved up over the week ended Wednesday May 2 on a strengthening of the nickel market, but demand weakened.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $18,173 per tonne, up by $975 per tonne from $17,198 per tonne a week earlier. The most-traded July nickel contract on the Shanghai Futures Ch...Read More