The Turkish steel mills went through the first working day of the week making no deep-sea scrap bookings, adding to a week-long silence in the deep-sea markets, Fastmarkets heard on Monday August 17.Turkish steel mills paused their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) reached $285 per tonne cfr for US- and Baltic Sea-origin material.Market participants expected the mil...Read More

The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million tonnes to 120 million tonnes per year. The Serra Sul 120 project will expand the production capacity of Vale's S11D mine and plant, which is the main unit in the Caraj??s region, with start-up expected to the fir...Read More

The seaborne premium hard coking coal fob price dropped on Monday August 17 following recent transactions, while participants said that the ex-China markets are now more active than the cfr market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.55 per tonne, down $1.29 per tonne Premium hard coking coal, cfr Jingtang: $115.02 per tonne, down $0.07 per tonneHard coking coal, fob DBCT:...Read More

Iron ore fines prices held steady in the physical market on active trading on Monday August 17, largely due to low mid-grade fines port inventories in China and despite a decrease in Dalian Commodity Exchange futures values, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.44 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.50 pe...Read More

Prices for seaborne iron ore pellets strengthened in the week ended Friday August 14 while those for concentrate edged up.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $125.47 per tonne, up $0.78 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $134.14 per tonne, up $3.10 per tonne.Key driversSeveral traders noted that offers for several cargoes of pellets issued last week were h...Read More

Chinese lithium producer Tianqi has announced that company president Vivian Wu submitted a written letter of resignation on August 12, according to a filing to the Shenzhen stock exchange on Friday August 14.Wu's term of office was scheduled to end in 2023. She cited "personal reasons" for her decision.Tianqi chairman Jiang...Read More

China's hot-rolled coil prices gained some strength on Monday August 17 after buyers stepped up on restocking amid rising futures.DomesticEastern China (Shanghai): 4,060-4,080 yuan ($584-587) per tonne, up 20 yuan per tonneSeveral Shanghai-based traders said trading activity had picked up on Monday compared with the last few working days of last week, which pushed prices upward.Market sentiment wa...Read More

China's domestic rebar prices moved up on Monday August 17 on steady buying and expectations among buyers that demand would gradually increase in the next few months. Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($524-528) per tonne, up by 30 yuan per tonneA strengthening of rebar futures stimulated buying interest in the spot market, which in turn pushed up prices for physical products.Inv...Read More

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 transparency into the markets it covers and the pricing process it...Read More

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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More

Key data from the pricing session in Shanghai on Friday August 14. Key drivers  The domestic price rose for the fifth consecutive week due to deals concluded in the range.  Some sources remain optimistic the uptrend will continue due to tight spot supply. Demand from the downstream bismuth trioxide market...Read More

Key data from the Friday August 14's pricing session in Shanghai.Key drivers Gap between offers and bids widened. Sources raised export offers due to stronger domestic prices in China, but many overseas buyers were still only willing to...Read More

Mexico has approved the environmental impact statement (EIS) for Orla Mining's (TSX: OLA) Camino Rojo oxide gold project in Zacatecas state - clearing the way for mine construction to start.The approval from the Mexican Federal Environmental Department (Semarnat) also satisfies one of the key conditions for the company to drawdown the remaining US$100 million available on a US$125 million project...Read More

The UK market for deliveries of steel scrap to domestic consumers has increased in August, more than paring losses made in July as tighter supplies and firmer demand at home and abroad combined to push up prices, industry sources told Fastmarkets.The United Kingdom's domestic market for steel scrap gained strength in August, with tighter supply and firmer demand at home and abroad combining to pus...Read More

The latest drill results from the Berry zone, within the 6-km long Sprite corridor at Marathon Gold's (TSX: MOZ) Valentine gold project, extend the strike length of this area of mineralization to 650 metres, from approximately 450 metres previously.The highlight intercepts include 47 metres of 2.96 grams gold per tonne starting at 166 metres; 30 metres of 2.23 grams gold per tonne from 121 metres;...Read More

Banyan Gold (TSXV: BYN) has released assays for nine holes completed at the Airstrip zone within its AurMac property, 56 km northeast of Mayo, Yukon. The drilling has extended the strike length of the mineralized zone by approximately 300 metres to the west, as well as down-dip, within the limits of the conceptual pit that constrains the existing Airstrip deposit.Drill highlights include 116 metre...Read More

Rare earths miner Lynas Corp. (ASX: LYC) posted a smaller-than-expected annual loss and outlined plans to raise A$425 million (around US$307 million) to fund construction of a new ore processing plant in Australia.The world's biggest rare earths miner outside China said the loss (after tax) came in at A$19.4 million for the year ended June 30, compared with a profit of A$83.1 million a year earlie...Read More

Lithium Americas (TSX: LAC; NYSE: LAC) is gearing up to resume construction activities at its Cauchar?--Olaroz lithium project in Jujuy, Argentina, after halting operations in March to comply with the country's measures against the coronavirus pandemic.The company, which is developing the asset with the help of China's Ganfeng Lithium, had to suspend construction at Cauchar?--Olaroz again in July,...Read More

The World Economic Forum metals and mining group, together with Accenture, has explored how mining and metals companies can start to shift to the ‘new paradigm of work' to build resilience and flexibility for operations and the workforce through uncertain times.Specifically, three stages have been identified to assist the mining and metals industry to rebound from the unfolding crisis, take...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Another feature of Deterra is that it could become a significant new player in the highly profitable Australian iron ore industry, a...Read More