Data released on Friday showed Chinese GDP grew by a record 18.3% year-on-year in Q1.Read More

The A$62 million contract will see it support Newmont's new 3.5 million ounce Ahafo North development in Ghana, about 30km from the existing Ahafo South operations. Lycopodium has been working with Newmont in Ghana since 2003 helping develop both Ahafo South in 2006 and, in 2013, the Akyem gold mine some 150km away. It has been involved in the engineering designs to facilitate the procur...Read More

Fastmarkets' benchmark copper concentrate index ended three weeks of declines on Friday April 16 with a 7.3% uptick week on week. Chinese smelters are mostly well-covered for production needs for the second quarter, with only a few June and July parcels sold at the mid-$20s per tonne...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Adam HamiltonArchivesApr 16, 2021The gold miners' stocks remain undervalued, strong buys fundamentally. Their stock prices are too low relative to both underlying corporate profitability and prevailing gold prices. That gives gold stocks big potential to power much higher during gold's next bull-market upleg, which is already underway. Miners' stocks way outperform the metal they mine, as their ma...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Domestic ferrous scrap prices in Germany have been largely unchanged over the month to Friday April 16, sources have told Fastmarkets.New scrap was an exception, with prices for such grades increasing slightly due to tight supply from the automotive sector.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was unchanged over the...Read More

Purchasing activity in the key global steel scrap destinations began to cool in the week to Friday April 16, with price increases levelling off on a change of sentiment, with the exceptions of Taiwan and China.Turkey did not purchase any cargoes this weekUS market quiet, looking for market directionVietnamese import prices level out but sentiment soursChinese prices stabilize as sentiment deterior...Read More

The price for UK-origin light iron scrap was steady in the week to Friday April 16 after narrowing upward in the previous week, with tight availability of material prompting major shredders to compete strongly for feedstock to keep their machines running cost-effectively, sources told Fastmarkets.British business conditions were expected to remain difficult through the current quarter at least and...Read More

Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday's strength, which followed strong US data. China's gross domestic product (GDP) climbed by 18.3% year on year in Q1US treasury yields dropped, lifting gold and equi...Read More

(Corrects fourth paragraph to show U.S. InternationalDevelopment Finance Corporation is independent of U.S. Agencyfor International Development)April 15 (Reuters) - Mining investment firm TechMet, whichcounts the U.S. government as its largest investor, said onThursday it had closed its second round of funding at $120million, roughly 50% higher than initially expected.The firm, which is an investo...Read More

The spodumene import price in China has been skyrocketing since the beginning of 2021 following a pickup in customer inquiries and tight availability of the raw material since Altura Mining's assets were taken off the market.Spodumene mined from Western Australia is a feedstock material used in the production of lithium chemicals that go into batteries for electric vehicles. Most of the spodumene...Read More

A summary of Australian lithium miner Orocobre's results for the first quarter of 2021, released on Wednesday April 14.In brief Sales of lithium carbonate salts from the Olaroz facility in Argentina totalled 3,032 tonnes in January-March 2021, with an average...Read More

In breaking tech news this week, reports indicate that Pittsburgh, Pennsylvania-based self-driving startup Argo AI is strongly considering an IPO this year.Bloomberg reports:Bryan Salesky, Argo's co-founder, told employees in an all-hands meeting April 1 the company is looking to boost its funding as it comes closer to commercializing its self-driving technology, said the people, who asked not to...Read More

We spoke with Mike Young, Managing Director and CEO of Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF), an Australian uranium development company, whose flagship project is the Mulga Rock Project, one of Australia's largest undeveloped uranium resources, located in the Great Victoria Desert of Western Australia.Vimy is moving towards project readiness for Mulga Rock and is preparing for early work...Read More

Concerns over South American producers' capacity to meet demand expectations for 2021 aggravated the lingering tight availability of battery-grade lithium compounds in the Asian seaborne market in the week to Thursday April 15.Buyers in the seaborne Asian lithium carbonate market reported increasing difficulty securing feedstock amid tight supply. The battery-grade lithium hydroxide price in China...Read More

Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.The country purchased 49,976 tonnes of steel more thanit exported. The figure takes into account unalloyed, non-special steel - hot- and cold-rolled coil, galvanized and Galvalume, and heavy plate, as we...Read More

Domestic prices for hot-rolled coil continued to rise in Europe on Friday April 16 due to a shortage of material amid continuing strong demand, sources told Fastmrkets.Thursday's announcement of yet another offer price increase by ArcelorMittal gave additional support to the uptrend.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?926.25...Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More

Brazil was a net importer of finished steel during the first quarter of 2021 for the first time since 2014 amid a domestic supply-demand imbalance, according to data from the economy ministry.The country purchased 49,976 tonnes of steel more thanit exported. The figure takes into account unalloyed, non-special steel - hot- and cold-rolled coil, galvanized and Galvalume, and heavy plate, as we...Read More