Iron ore prices decreased on Friday August 7, with China's strong iron ore imports data for July potentially easing the uptrend and bullish sentiment, resulting in a correction in prices, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.21 per tonne, down $2.06 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.16 per tonne, down $2.02 per tonne58% Fe fines high-grade pr...Read More

Seaborne premium hard coking coal prices went down slightly on Friday August 7 following the latest transactions, while market participants analyzed the possible reasons for the price decrease, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.56 per tonne, down $1.35 per tonne Premium hard coking coal, cfr Jingtang: $115.88 per tonne, down $0.50 per tonneHard coking co...Read More

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses increased by 12,942 tonnes (8.1%) to 172,455 tonnes in the week to Friday August 7, marking the largest gain in percentage terms across the base metals complex.The biggest inflow of red metal stocks was at Zhongchu Wusong's warehouses in Shanghai, where inventories rose by 4,505 tonnes to 43,835 tonnes, according to data re...Read More

The three-month copper price on the London Metal Exchange was lower during morning trading on Friday August 7, with continued tightness across the front end of the metal's forward curve deterring interest, while a marked improvement in German industrial production remains a key indicator of improving economic conditions in Europe.Copper's outright price on the LME was recently trading at $6,416 pe...Read More

An overview of the minor metals markets and their latest price moves.Read More

The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt alloy grade, in-whs Rotterdam at...Read More

Key data from Fastmarkets' pricing session in Europe on Friday August 7. Key drivers  Prices moved higher in all five daily price assessment this week, stoked by concern in China over availability of metal.  Hydroxide payables continue to strengthen on limited supply, which has pushed some companies to buying metal...Read More

Fastmarkets has decided to discontinue five precious metals price assessments from October 1, 2020, due to the limited liquidity of the markets in question and to focus on its core markets. The discontinuation follows a month-long consultation that started on July 7, 2020. The prices to be discontinued are as follows: Platinum min 99.9% Europe Free Market $ per troy oz in warehouse Palladium min 9...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

A summary of stainless steel producer Outokumpu's results for the second quarter of 2020.In brief Weakening of global demand for stainless steel due to the Covid-19 pandemic dragged Outokumpu's earnings sharply downward in the second quarter. In Europe, the company's results were burdened by both lower deliveries and prices as well as high import levels from third countries, particularly from Asia...Read More

A roundup of layoff announcements contained in Worker Adjustment and Retraining Notice (WARN) Act letters filed to state labor agencies in the United States thus far this summer, including at least six full plant closures, indexed by sector:Aerospace:  Boeing announced that 1,608 employees will be laid off at its operations in Puget Sound, Washington, effective October 2-28. Textron...Read More

The price uptrend for imported containerized ferrous scrap in key market Taiwan continued over the past week.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $255-257 per tonne on Friday August 7, unchanged from a day earlier but up by $7-8 per tonne from $248-249 per tonne cfr Taiwan on July 30.Transactions...Read More

Interest for deep-sea bulk cargoes of heavy melting scrap from the United States' West Coast returned this week in Vietnam, a key market in Asia, with a transaction involving 4,000 tonnes of HMS 1&2 (80:20) heard at $295 per tonne cfr.This is part of a bulk shipment that includes another 22,000 tonnes of shredded scrap priced at $297 per tonne cfr Vietnam and 4,000 tonnes of plate & structural (P&...Read More

Pretium Resources' (TSX: PVG; NYSE: PVG) Brucejack underground mine, 65 km north of Stewart, B.C., produced 90,419 oz. gold in the second quarter, close to the previous year's figure of 90,761 oz., in spite of the Covid-19 pandemic.The company, which has not seen any significant interruptions so far from the pandemic, reiterated its production guidance issued in February of 325,000-365,000 oz. gol...Read More

Molybdenum prices rose in the United States and Europe after a flood disabled one of the world's top two molybdenum producers, Jinduicheng Molybdenum Co (JDC Moly), on Wednesday August 5 for what is said to be an indefinite period. A correction has...Read More

Since co-founding his first junior mining company, Gammon Gold, in his garage in Halifax, N.S., in 1994, Bradley Langille has spent the majority of his career outside of the country - hunting for precious metals and building mines in Mexico.After about three years in Canada, he shifted his focus to Mexico, where his partner had business connections, and between 1999 and 2007, built two mines: the...Read More

Australian iron ore major Fortescue Metals Group (ASX: FMG) said today it would reevaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an Indigenous group said the project threatened sacred sites, including a 60,000-year-old rock shelter.Fortescue's decision comes after fellow miner Rio Tinto (NYSE: RIO; LSE: RIO), the number one iron ore producer, blew up a 46,000-...Read More

U.S. miner Albemarle (NYSE: ALB), the world's top lithium producer, said this week it would temporarily shut two operations due to weaker demand for the commodity used in batteries that power electric vehicles (EVs).The decision affects portions of the Silver Peak lithium mine in Nevada and Kings Mountain lithium hydroxide production facility in North Carolina starting this September.The company p...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsBut among the short-term bull runs one recent news item stood out for its potential impact far into the future: Toronto-listed Read More

In May, a fleet of ships set sail for fuel-starved Venezuela with Iranian gasoline, stunning international observers who wondered if the two nations would so blatantly defy U.S. sanctions efforts in a Caribbean Sea patrolled by the U.S. Navy.Read full newsRead More