Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao reached a historical high on Thursday April 15 with the surge supported on demand for high-grade iron ore due to mills' healthy margins, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $178.41 per tonne, up $4.87 per tonne62% Fe low-alumina fines, cfr Qingdao: $178.68 per tonne, up $4.58 per tonne58% Fe fi...Read More
The premium hard coking coal price slipped slightly in the fob market after both sellers and buyers adopted a 'wait-and-see' attitude while the cfr market continued to climb up amid limited tradable seaborne resources in China on Thursday April 15, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.94 per tonne, down $0.24 per tonnePremium hard coking coal, cfr Jingtang: $220...Read More
The discharge of a flurry of import cargoes of ferrous scrap at key Chinese ports did not dampen spot prices on Thursday April 15.Delong Steel's first scrap vessel arrived in the Port of Tianjin during the day, leading the discharge of some 23,000 tonnes of ferrous scrap imports booked this year, according to the Tianjin Iron & Steel Association.This is the first time that a Chinese steel mill had...Read More
An announcement to step up safety inspections on coal mines in China earlier this week has improved sentiment in the country's domestic coking coal market.The National Mine Safety Administration on the afternoon of Tuesday April 13 announced after an urgent meeting in Beijing that inspections on such mines across China would be intensified.All coal mines' inspection offices should add more regular...Read More
Strong steel scrap demand in the Japanese domestic market is now raising export prices from the East Asian nation, sources told Fastmarkets on Wednesday April 14.Japanese blast furnace (BF) steelmakers have been raising the intake of the higher-grade heavy scrap (HS) material into their converters this month, as Fastmarkets reported in March. Japanese BF mills were heard to be paying ?49,000 ($45...Read More
The good news: this bull market will run for months and months.The bad news: stock gains will be lean. The lion has already taken his bites.This is the studied conclusion of crack financial journalist Mark Hulbert. He has ransacked market history and interrogated the data.Stock market rhythms stretching to 1900 inform him that:This bull market's strongest gains are behind us. That's the conclusion...Read More
China's domestic rebar prices shed their upward momentum on Thursday April 15 due to the lower trading activity and short-lived gains in the futures market. DomesticEastern China (Shanghai): 5,020-5,050 yuan ($768-773) per tonne, unchangedSellers raised their offers by 10-20 yuan per tonne in the morning after rebar futures rose to a high of 5,165 yuan per tonne for the day. But...Read More
Key data from the Wednesday April 14 pricing session in London and Beijing.Key drivers The cobalt hydroxide payable indicator edged down with some suppliers cutting their offers amid a persistent decrease in downstream cobalt sulfate prices and a bearish downstream market sentiment in China.Chinese consumers have made aggressive bids,...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.Fastmarkets...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...Read More
Ferro-silicon prices in China continued to edge lower in the week to Wednesday April 14, with recent gains in the downstream magnesium market failing to provide support.Fastmarkets' weekly price assessment for ferro-silicon 75% Si min, in-whs China was 6,900-7,000 yuan ($1,056-1,071) per tonne on Wednesday, down by 2,000-3,000 yuan per tonne (3.5%) from 7,100-7,300 yuan per tonne a week earlier.Fe...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday April 14.Key drivers No change for a second consecutive week in the European ferro-titanium market despite slow trading activity because persistent scrap tightness is prompting firm offer prices and underpinning alloys prices.Consequently, there is an uneasy equilibrium between unwavering scrap offer prices and those being offered b...Read More
China's domestic stainless steel prices rose slightly this past week on a pick-up in demand, but market participants do not expect further gains due to weakening nickel prices and declines in stainless steel futures.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday April 14 at $16,257 per tonne, down by $474 per tonne (2.8%) from $16,731 p...Read More
April 15, 2021 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce further high-grade silver results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. This news release includes holes LM-21-220 to LM-21-239 which is 3,324.90m of NQ size core from the Shaft 6 area at the...Read More
Proxy adviser Glass Lewis, one of Glencore's (LSE: GLEN) top shareholders, is pushing investors to vote against the company's plans to pay its new chief executive Gary Nagle up to US$10.4 million.In a report for clients, Lewis said it was concerned that the remuneration package for Nagle was "excessive for a newly appointed CEO with no previous experience of running a publicly listed company."Glen...Read More
As SilverCrest Metals (TSX: SIL; NYSE: SILV) prepares to put its Las Chispas project in Sonora, Mexico into production by the second half of 2022, latest infill and expansion drill results suggest 1.3 km of strike continuity across the three veins in the Babicanora area.The results included assays for 78 holes, totalling 29,308 metres of drilling, completed at the Babi Vista veins and splays, the...Read More
An appeal of an April 2019 lower court ruling that jeopardized Almaden Minerals' (TSX: AMM; NYSE-AM: AAU) Ixtaca gold-silver project in Puebla state - and the validity of Mexico's mining law - will be heard in Mexico's Supreme Court.The appeal was originally brought to the Collegiate (Appeals) Court of Mexico by the Mexican government, and Almaden as an affected third party. However, the court has...Read More
Anglo American (LSE: AAL) has signed a deal to run its Quellaveco copper mine in Peru 100% on renewables, effectively allowing the miner to deliver on its promise of powering all of its Latin American operations by green energy by 2022.The company vowed two years ago to meet power requirements of its copper operations in Chile with renewables by 2021. It also said it expected to have its iron ore...Read More
Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannRegis has agreed to purchase IGO's 30% holding in the Tropicana joint venture for...Read More
The narrowing gap between seaborne manganese ore prices and spot prices in China will continue to taper amid the downward correction in the record-high premium for seaborne material in March, market participants said.It is likely the narrowing will be due to a combination of miners cutting seaborne offers amid mounting resistance from buyers and portside cargo holders raising prices following stro...Read More