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DAILY STEEL SCRAP: Turkish mills pay ever-higher for deep-sea scrap

May 08, 2021 / www.metalbulletin.com

Turkish deep-sea scrap import prices continued to rise in the latest bookings agreed for June shipments, market sources said on Friday May 7.A steel mill in the Marmara region booked a Baltic Sea cargo late on Thursday, consisting of HMS 1&2 (80:20) at $488 per tonne and shredded and bonus at $498 per tonne cfr.This compared with deep-sea bookings done earlier the same day at $479-480 per tonne cf...Read More

CHINA REBAR: Seasonal strong demand keeps pushing prices upward

May 08, 2021 / www.metalbulletin.com

China's domestic rebar prices maintained their upward momentum on Friday May 7, supported by strong demand, and ending the week with a rise of 240-250 yuan per tonne in the east and further growth in the north.DomesticEastern China (Shanghai): steel reinforcing bar (rebar) domestic, ex-whs Eastern China, 5,420-5,450 yuan ($837-842) per tonne, up by 40-50 yuan per tonneNorthern China (Beijing) week...Read More

SHFE STOCKS REPORT 07/05: Base metal inventories rise; aluminium bucks the trend

May 08, 2021 / www.metalbulletin.com

All base metals stocks - bar aluminium - at Shanghai Futures Exchange-registered warehouses gained in the week to Friday May 7 with tin recording biggest increase in percentage terms. Tin stocks totaled 8,256 tonnes this week, up by 593 tonnes or 7.7% from 7,663 tonnes a week earlier. Nanchu warehouse in Guangdong province recorded the largest inflow at 604 tonnes, while SIPG Logistics...Read More

IRON ORE DAILY: Carajas fines trade at new record high

May 08, 2021 / www.metalbulletin.com

Seaborne iron ore prices rose further on Friday May 7 with continuing support from bullish steel prices, refreshing the iron ore indices' record highs again.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $212.25 per tonne, up by $10.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.20 per tonne, up by $11.33 per tonne58% Fe fines high-grade premium, cfr Qingdao: $185.29 per tonne, up...Read More

LIVE FUTURES REPORT 07/05: Copper hits all-time high; aluminium above $2,500/t

May 08, 2021 / www.metalbulletin.com

Copper's futures price reached an all-time high in early trading on the London Metal Exchange on Friday May 7 and aluminium breached the $2,500-per-tonne mark on bullishness in the market caused by supply concerns and firm demand.The red metal's three-month price peaked at $10,253 per tonne on Friday morning, surpassing its previous high of $10,190 per tonne set in February 2011. This was a rise o...Read More

MORNING VIEW: Base metals prices mixed; aluminium lurches higher with copper, lead following

May 08, 2021 / www.metalbulletin.com

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday May 7, as were broader markets.Friday's United States employment report is in focus because it could prompt Federal Reserve to change tackDow Jones Industrial Average sets new highs after US initial jobless claims fell below 500,000 on Thursday for the first time s...Read More

Helix's Rosenstreich sees 'bright future' for Cobar

May 05, 2021 / www.mining-journal.com

Towards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaPAM puts itself in the middle of Thailand 4.0SPONSOREDAuroch powers up nickel explorationSPONSOREDauroch mineralsSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsSpeaking at the RIU Sydney Resources Round-up yesterday, Rosenstreich said he was attracted to the com...Read More

LIVE FUTURES REPORT 06/05: Copper closes above $10,000/t; LME tin cash at all-time high

May 08, 2021 / www.metalbulletin.com

The London Metal Exchange tin cash price rose to an all-time high while a number of other milestones were set on the futures complex for copper, aluminium and lead on May 6. LME copper's three-month price was at $10,092 per tonne at Thursday's close, up by 1.4% from Wednesday's price and was above the $10,000-per-tonne mark for the first time since 2011 one week ago on April 29. LME copper hi...Read More

IRON ORE DAILY: Indices hit fresh historical highs

May 08, 2021 / www.metalbulletin.com

Fresh political tensions between China and Australia, along with strong steel prices, lent support to the sharp increases in seaborne iron ore prices on Thursday May 6, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $201.88 per tonne, up $9.34 per tonne62% Fe low-alumina fines, cfr Qingdao: $202.87 per tonne, up $8.66 per tonne58% Fe fines high-grade premium, cfr...Read More

AEROSPACE MATERIALS MARKET REPORT 07/05: Magnesium continues price rally on shortage in Europe

May 08, 2021 / www.metalbulletin.com

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

Canaccord flags Aussie exploration uptick

May 05, 2021 / www.mining-journal.com

Towards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaPAM puts itself in the middle of Thailand 4.0SPONSOREDAuroch powers up nickel explorationSPONSOREDauroch mineralsSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsSpeaking at the RIU Sydney Resources Round-up today, Canaccord analyst Paul Howard pointed to the incr...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 07/05: Tight prompt supplies, shipping delays push manganese flake above $3,000/t

May 08, 2021 / www.metalbulletin.com

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

MAGNESIUM SNAPSHOT: Critically low stock levels send price up 13% in Europe

May 08, 2021 / www.metalbulletin.com

Key data from Fastmarkets' Friday May 7 pricing sessions in Europe. Key drivers  Market participants reported very limited inventories in Europe for prompt availability. Consumers in the aluminium sector, where magnesium is used an alloy, have been looking for material over the last weeks, but the majority of traders did not have material at hand to supply their usual consumers. Stocks i...Read More

Anchorage of container ship from South Africa raises concerns for cobalt hydroxide shipments

May 08, 2021 / www.metalbulletin.com

Some cobalt hydroxide consumers in China have been warned by shipping companies of potential delays to shipments following an outbreak of Covid-19 infections on Italian container ship Ital Libera, market participants told Fastmarkets.The container ship, which was on a scheduled trip from Durban, South Africa, to Singapore, was forced to anchor at Jakarta, Indonesia, in mid-April after its captain...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

May 08, 2021 / www.metalbulletin.com

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...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

May 08, 2021 / www.metalbulletin.com

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

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

May 08, 2021 / www.metalbulletin.com

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

Brixton Metals Drills 24m of 187 g/t Silver, including 10m of 356 g/t Ag, including 2m of 1077 Ag at its Langis Project, Ontario

May 06, 2021 / brixtonmetals.com

May 6, 2021 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce further high-grade silver results from its exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fall/winter 2020-2021 program consisted of a total of 18,453.35m of NQ core over 163 holes. This news release includes the last 14...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 05/05: Tight raw materials supply pushes ferro-tungsten higher

May 08, 2021 / www.metalbulletin.com

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

RESEARCH: EU set to impose import duties on Indian, Indonesian stainless steel

May 08, 2021 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More

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