Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

The three-month price of lead on the London Metal Exchange was higher at the close of trading on Thursday May 14, with buying momentum pushing the metal's outright price above the $1,600 per tonne threshold, while the LME nickel price held above $12,000 per tonne despite a 1.4% downturn over the afternoon.Lead's underlying price on the LME closed at $1,619 per tonne on Thursday afternoon, climbing...Read More

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama edged down 0.4% month on month at the end of March 2020, according to data released by major Japanese trading house Marubeni Corp.Total aluminium stocks at the three ports totaled 297,100 tonnes on March 31, down by 1,300 tonnes or 0.4% from the end of January, figures released on Friday April 3 showed. T...Read More

Norges Bank said yesterday it had decided to exclude Sasol Ltd, RWE AG, Glencore (LSE: GLEN), AGL Energy Ltd and Anglo American (LSE: AAL) from the Government Pension Fund Global after an assessment against coal criteria.It has placed BHP (ASX: BHP) and four other companies on an "observation list" following their assessment against the product-based coal criterion.In a separate announcement, the...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

Monday marks the fifth anniversary of the company's ASX listing after it was demerged from BHP.Read More

Daye Nonferrous has maintained its mission to construct a brand new copper smelting facility despite the uncertain outlook for commodity demand and price volatility, Fastmarkets understands.The Hubei-based company officially started the construction of a 400,000 tonne-per-year 'double flash' copper smelter on Tuesday May 12.A ceremony was held on the day, joined by representatives of its parent co...Read More

It said Mexico's tax authority, Servicio de Administracion Tributaria, had "exhibited a total disregard for the applicable provisions of three separate double taxation treaties" and had unlawfully opted to ignore an advanced pricing agreement, governing the tax on silver sales between 2010-2014 by its subsidiary Primero Empresa Minera.The silver miner said its efforts to resolve the dispute had be...Read More

Newmont is to begin ramping up operations at its Pe??asquito lead-zinc-silver mine in Mexico on Monday May 18 following the government's designation of mining as an essential activity. The start-up of Pe??asquito is expected to take roughly two weeks to reach stable production levels, the Colorado, United States-based producer said. "As we begin to ramp up, Newmont will provide an update on the co...Read More

By: Ira EpsteinGold chart action shows the triangle forming, the apex with the bulls in the control at its downtrend test..Read More

The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 14 that are worth another look.ArcelorMittal Kryvyi Rih, Ukraine's major long steel producer, has decommissioned the first section of its blooming plant as a part of a strategy for sustainable development, the company said on May 14.The European Commission's (EC) prior surveillance of imports of certain aluminium products orig...Read More

Cobalt metal prices in China continued to rise during the first half this week following strength in local cobalt futures, which are partially being supported by an upturn in the cobalt sulfate market and fresh buying interest from investors.Fastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was 240,000-250,000 yuan ($33,839-35,249) per tonne on Wednesday May 13, up by 5,000 yua...Read More

The Turkish steel mills have continued to book deep-sea scrap cargoes for June shipments at largely steady prices, sources said on Thursday May 14.A steel mill in northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $250 per tonne, 13,000 tonnes of shredded at $255 per tonne and 5,000 tonnes of bonus at $260 per tonne cfr, late on May 13.Following the news of th...Read More

The United Arab Emirates Ministry of Economy has announced a ban on exports of ferrous scrap for a period of four months starting on Friday May 15, 2020. The ban affects scrap under HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450. The ministry did not give an official reason for implementing the export ban. But market participants in the UAE told Fastmarkets the decision was tak...Read More

Offer prices for bulk ferrous scrap cargoes to Bangladesh have increased over the past week after higher prices were paid elsewhere in Asia, but several buyers remained out of the market, sources told Fastmarkets on Thursday May 14.After hectic activity in March and April, the Bangladeshi import market for bulk cargoes has cooled significantly so far in May, with high scrap inventories in the coun...Read More

With some clusters of Covid-19 infections emerging after the lifting of lockdowns, there is less hope that a 'V'-shaped rebound is sustainable and as a result markets were on a back foot this morning, Thursday May 14, especially broader markets, while the base metals were consolidating.Asian-Pacific and pre-market major western equity indices were weaker this morning.Chinese finance minister Liu K...Read More

Newmont is to begin ramping up operations at its Pe??asquito lead-zinc-silver mine in Mexico on Monday May 18 following the government's designation of mining as an essential activity. The start-up of Pe??asquito is expected to take roughly two weeks to reach stable production levels, the Colorado, United States-based producer said. "As we begin to ramp up, Newmont will provide an update on the co...Read More

Share this articleGreat Atlantic Resources Corp. [GR-TSXV] is pleased to announce it is planning exploration during 2020 at its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick. The program, planned to begin this spring, will focus on gold exploration in the southwest region of the property. The Company has identified exploration targets in this region based on histo...Read More

With all the smugness and vitriol they can muster up, certain members of the republican party are taking to Twitter to share their displeasure with the recently delivered stimulus bill. Most notably, the fact that the word cannabis appears in it 68 times more than the word "jobs."It seems to be a shared sticking point, too, as this has been mentioned by a few GOP lawmakers. As often is the case...Read More