Spot treatment charges (TCs) for zinc and lead concentrate continued their downward trajectories in May even as some South American miners announced restart of operations after two months of Covid-19 related shutdowns. Miners are in need of cash and keen to resume production but they face the challenge of a rising number of coronavirus cases in the continent, which the World Health Organizati...Read More

The gold producer completed a A$1 billion placement to institutional investors in late April, and launched a $100 million SPP.Read More

The update has the potential to extend Santa Rita's life to more than 26 years and includes an indicated resource of 54.6 million tonnes grading 0.61% nickel sulphide, 0.2% copper and 0.Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 2 that are worth another look.The Canadian International Trade Tribunal (CITT) has initiated an inquiry as to whether imports of heavy steel plate from four nations and the island of Taiwan cause injury to domestic producers.Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned uti...Read More

Ricky Wen, ElliottWaveTrader Monday's session was an inside day within a potential inside week/high-level consolidation context. Basically, the regular trading hours (RTH) session was confined to a 3059-3027 range on the Emini S&P 500 (ES), which is about 1%. In addition, as you may be aware by now, the average range per day has been narrowing for the past few weeks due to this methodical grind...Read More

Atlantic Nickel's Santa Rita mine in Brazil is on track to ramp up to 105,000 tonnes by the end of 2020 and has seen strong market demand for sulfide concentrate throughout the Covid-19 pandemic, its owner said. According to Appian Capital Advisory LLP, the mine has produced over 30,000 tonnes of nickel concentrate to date and has successfully completed its second and third shipments ahead of the...Read More

Gold and silver will remain firm on developments in USA. Copper is on the verge of a big technical breakout. Crude oil is bullish. OPEC has decided to continue with production cuts. If India had faced a similar mass arson then global leaders would have condemned India with "secularism is at risk" slogan. The arsonists would have been divided between religion, caste and creed. USA's NATO allies a...Read More

Ferrous scrap prices in Mexico were stable or down in the steelmaking regions of Bajio and Monterrey during the week to Tuesday June 2 due to currency moves and the weak performance of the steel sector.At least two steel plants in the Baj?-o region announced a cut of 100 pesos ($4.50) per tonne in scrap values, which was reflected in lower prices for most grades assessed by Fastmarkets.Fastmarkets...Read More

The country's mining sector has recorded 411 confirmed cases and one death due to the global pandemic, according to the Minerals Council South Africa, from more than 218,000 employees screened and 6,528 tested.Sibanye-Stillwater (JSE: SSW) confirmed last week 51 employees had tested positive for COVID-19 at its Thembelani mine at its Rustenburg platinum group metals operation, taking its total to...Read More

Turkish steel producers continued their deep-sea scrap purchases for July shipments at firm prices on Tuesday June 2, sources told Fastmarkets.A steel producer in the Iskenderun region booked a US cargo, comprising 21,000 tonnes of HMS 1&2 (90:10) at $259 per tonne, 4,000 tonnes of shredded at $261 per tonne and 5,000 tonnes of plate & structural scrap (P&S) at $266 per tonne cfr on June 2. T...Read More

Atlantic Nickel's Santa Rita mine in Brazil is on track to ramp up to 105,000 tonnes by the end of 2020 and has seen strong market demand for sulfide concentrate throughout the Covid-19 pandemic, its owner said. According to Appian Capital Advisory LLP, the mine has produced over 30,000 tonnes of nickel concentrate to date and has successfully completed its second and third shipments ahead of the...Read More

The EU's plan to make electric vehicles a centerpiece of the continent's economic recovery has injected significant confidence into the global cobalt market, and has also renewed momentum for responsible sourcing across the whole supply chain, according to the head of Eurasian Resources Group (ERG).Recent government and industry association initiatives across the EU may also provide the boost requ...Read More

The cobalt alloy 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 transparency into the markets it covers and the pricing...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 2 that are worth another look.The Canadian International Trade Tribunal (CITT) has initiated an inquiry as to whether imports of heavy steel plate from four nations and the island of Taiwan cause injury to domestic producers.Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned uti...Read More

The Northern European hot-rolled coil market was largely stable on Tuesday June 2, with prices remaining under pressure from slow demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?403.00 ($448.44) per tonne on Tuesday June 2, up by ?,?0.50 per tonne from ?,?402.50 per tonne on Monday.Tuesday's index was calculated ba...Read More

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) is a Canadian mining company focused on developing the advanced iron oxide copper-gold (IOCG class) NICO Project, which is comprised of a proposed mine and concentrator, up in the Northwest Territories, and a refinery in Southern Canada to produce cobalt, gold, bismuth and copper. We learned from Robin Goad, President and CEO of Fortune Minerals, t...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week, but buyers preferred to wait to see whether price increases would be permanent, sources told Fastmarkets on Tuesday June 2.The reason for rising prices was the strong domestic demand in China.No deals were heard during the past week and steel demand was still soft after the Islamic holy month of Ramadan that...Read More

Flagship Project: Cerro Bayo | Country: Chile | Commodity: Gold and Silver Company Overview:Equus Mining is progressing a dual-track project strategy of becoming a near-term gold-silver producer, targeting a JORC compliant resource at the Taitao Pits by Q3 2020, while simultaneously exploring for greenfields discoveries from targets throughout the Cerro Bayo claim area. During PDAC 2020, we talked...Read More

ioneer Ltd(ASX: INR) is the 100% owner of the Rhyolite Ridge, Lithium-Boron Project, located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS), released April 30, 2020, places Rhyolite Ridge as the single most attractive, lowest cost project for the economic production of lithium carbon...Read More

With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in May 2020.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March and April this year.1. Egypt: finished steel2....Read More