Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday April 29, holding out for lower prices, sources told Fastmarkets.After about 10 days of silence, on April 27 one Turkish steel mill booked a Baltic Sea cargo at $242 per tonne cfr for 26,000 tonnes of HMS 1&2 (80:20) and $252 per tonne cfr for 6,00 tonnes of bonus scrap, sending the daily scrap in...Read More
Export prices for Japan-origin plate and structural (P&S) grades of ferrous scrap rose by ?500 ($5) per tonne week on week on Wednesday April 29, with tighter supplies over recent weeks keeping the values up, sources have told Fastmarkets.Japanese scrap collection has decreased over recent months, and was now affecting both prime and obsolete grades of material.Plant closures among car manufactur...Read More
The seaborne iron ore market was mostly unchanged on Wednesday April 29, with Pilbara Blend fines closing around $80 per tonne, and with active Chinese portside trading before the country's Labor Day holiday on May 1.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.50 per tonne, up by $0.30 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.15 per tonne, up by $0.55 per tonne.58% Fe fi...Read More
Trading activity in the seaborne coking coal market was robust on Wednesday April 29, with materials spilling into China amid poor ex-China demand, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.30 per tonne, down $8.23 per tonne Premium hard coking coal, cfr Jingtang: $118.50 per tonne, down $1.68 per tonneHard coking coal, fob DBCT: $95.01 per tonne, down $7 per tonneH...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 44 points in pre-opening trade. Investors are waiting for news from the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund Rate will remain unchanged.Index futures were virtually unchanged following release of first estimate of U.S. first quarter GDP at 8:30 AM EDT. Consensus was a drop of 4.0% versus a gai...Read More
China's domestic hot-rolled coil prices were largely stable on Wednesday April 29 on futures gains, while trading houses have been importing from India amid lower offers.DomesticEastern China (Shanghai): 3,270-3,280 yuan ($462-463) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,240 yuan per tonne, unchangedPrices nationwide were largely stable on Wednesday, with selle...Read More
London Metal Exchange three-month prices traded sideways for the second consecutive day on Wednesday April 29, with LME futures finding their footing at relatively low levels amid month-end book squaring and Asian countries preparing to come out of the market for a series of public holidays starting tomorrow."This morning Asian equities markets are quiet and winding down before public holidays in...Read More
Metals prices generally seem to be consolidating this morning, Wednesday April 29, and for the most part look well placed to extend gains, but whether underlying confidence is strong enough in these uncertain times remains to be seen. Asian-Pacific and pre-market major western equity indices are all positive, as are oil prices that are up around 3%.Market participants likely to focus on US gross d...Read More
Vale (NYSE: VALE), the world's top producer of nickel and iron ore, has received non-binding offers for its operations on the Pacific island of New Caledonia, it said on a conference call on Wednesday.The Brazilian mining giant said it expected to have "relevant news" on the topic within a month or two.Vale put its New Caledonia nickel assets on the block in December. The decision came after it ha...Read More
Since mid-March, the response of governments worldwide to the COVID-19 pandemic has led to disrupted mining activities across the globe.Thirty-two countries have passed partial or complete lockdown orders, leading to the temporary suspension of activities at over 1,600 mines as of April 3, though that number has since dropped down to 729 as restrictions begin to ease in certain areas, analysts at...Read More
Nicaragua-focused Condor Gold (TSX: COG; LSE: CNR) has been granted an environmental permit for the development and exploitation of the Mestiza gold asset, a complementary open pit to the company's flagship La India gold project, in the country's west.The high-grade Mestiza deposit hosts more than 100,000 contained oz. gold resources and is one of the two satellite pits of the fully permitted La I...Read More
In its first drill program at its wholly-owned Raney gold project, 110 km southwest of Timmins, Ont., Rockridge Resources (TSXV: ROCK; US-OTC: RRRLF) cut 6 metres of 28 grams gold per tonne at 95 metres vertical depth, the project's best hole ever.Raney was last explored about 10 years ago, with a best intercept of 8 metres of 6.5 grams gold. The project's new best intercept, in hole 20-06, repres...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditMovie makers love a good sequel. I am not a great watcher of movies, popping to the...Read More
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"Scotia had a global call with all its metals staff and said it was shutting down its metals business. The plan is to unwind the metals business.Read full newsRead More
Indonesia's Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again, the ministry's spokesman, Jodi Mahardi, told Reuters on Wednesday.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Apr 28, 2020 (TheNewswire.ca via COMTEX) --(via TheNewswire) Vancouver, British Columbia - TheNewswire - April 28th, 2020 - Candente Gold Corp. (TSXV:CDG)...Read full newsRead More
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