Three-month base metals prices on the London Metal Exchange were mostly weaker this morning, Thursday August 20, as were Asian-Pacific and pre-market major western equity index futures.* Gold prices are rebounding after Wednesday’s 3.3% sell-off.* US equities retreated on Wednesday after the Federal Reserve minutes highlighted concerns about the US recovery.Base metalsThe three-month base met...Read More

Prices for imported flat-rolled steel remain well above domestic prices despite recent gains in US tags, market participants said.The result: The market for foreign flat-rolled steel continues to be sluggish because US buyers have little reason to buy steel that won't arrive until the fourth quarter and - assuming current market conditions persist - at higher prices than domestic material, sources...Read More

The domestic hot-rolled coil price in Northern Europe moved up on Thursday August 20, following producers' bullish pricing policy, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?431.88 ($514.26) per tonne on Thursday August 20, up by ?,?4.38 from ?,?427.50 per tonne on Wednesday based on deals and achievable prices h...Read More

Imported billet and domestic rebar prices remained stable in Egypt because of weak demand, sources told Fastmarkets on Thursday, August 20.The reason demand was slow is that billet prices have stopped increasing, so end-product prices have also fallen, Egyptian sources said.Fastmarkets' daily steel billet...Read More

Zoom (ZM), a NASDAQ 100 stock moved above $281.00 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Thursday August 20thU.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for August Philly Fed Index was a slip...Read More

Imports of steelmaking raw materials into the United States fell by 12.9% month on month in June, with a sharp drop in pig iron deliveries outweighing a rise in shipments of ferrous scrap and direct-reduced iron (DRI), according to the latest US Census Bureau figures.Raw material imports totaled 654,484 tonnes in June, down from 751,732 tonnes in May but up slightly from 647,529 tonnes i...Read More

The seaborne premium hard coking coal fob index edged up on Thursday August 20 due to the bullish market sentiment from India, while Chinese participants, however, still feel trapped by a lack of coking coal import quotas, Fastmarkets heard.Fastmarkets indices Premium hard coking coal, fob DBCT: $104.17 per tonne, up $0.61 per tonne Premium hard coking coal, cfr Jingtang: $114.60 per tonne, up $...Read More

Seaborne iron ore prices were largely stable on Thursday August 20 in a much calmer market than the previous three days of trading, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.32 per tonne, up $0.23 per tonne 62% Fe low-alumina fines, cfr Qingdao: $128.59 per tonne, up $0.20 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $114.95 per tonne, up $0.4...Read More

The cascade of cargoes booked by Bangladeshi mills from United States recyclers continued over the past week to Thursday August 20, with two more deals heard, sources told Fastmarkets. Demand for scrap in Bangladesh has ballooned over the past month, with mill capacity utilization rising at the country's three largest mills, and scrap stocks at steelmakers depleting. A Bangladeshi mill bought a bu...Read More

China's domestic hot-rolled coil prices weakened on Thursday August 20, but a mill was reported to have secured an order from South America at a price above prevailing levels.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($587-589) per tonne, down 10-20 yuan per tonnePrices weakened on Thursday after downstream buyers held back from placing orders in response to HRC futures tumbling during th...Read More

China's domestic rebar prices continued to drop on Thursday August 20 amid falling futures and the release of data showing high steelmaking rates.Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($523-527) per tonne, down by 20 yuan per tonneThe weakening futures market caused buying interest in the spot market to fall, which dragged down prices as well.The country's National Bureau of Statisti...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 applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam,...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...Read More

Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 19. Key driversDomestic suppliers held their offer prices firm and showed reluctance in compromising after continuous gains in futures prices on the Wuxi Stainless Steel Exchange buoyed market sentiment this week.The comparatively limited availability of tradable spot cargoes also contributed to the strength in the metal's...Read More

An overview of the minor metals markets andthe reasons for any price moves.(This article was first published on Wednesday August...Read More

Impact investing has become a strong emergent trend over the last decade. It is a trend, however, that has largely avoided the mining industry, and the mining industry has largely avoided impact investors. Is the mining industry now ready for impact investors and should impact investors invest in the mining industry?Andrew Cheatle on assignment at Troilus Gold's project in Quebec. Credit: Andrew C...Read More

Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has announced the results of a feasibility study on its 50%-held Arctic copper-zinc-lead-silver-gold project in northwestern Alaska's Ambler mining district.The study suggests a 10,000-tonne-per-day, 12-year open-pit operation, with a conventional mill and flotation process, producing copper, zinc and lead concentrates.The proposed operation would produce an...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 mineralsThe Gorno zinc mine, about 90km northeast of Milan and closed since 1985, seemed set for a new lease of life when Perth-based uraniu...Read More

Canada's national association for miners, the Mining Association of Canada (MAC), is weighing in on the federal government's decision to review Teck Resources' (TSX: TECK.B; NYSE: TECK) proposed Castle Mountain metallurgical coal project in B.C., saying the additional review is unnecessary as the project is already undergoing a rigorous provincial environmental review process, and accusing the gov...Read More

Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country's borders and hit share prices on Aug. 19.Malian President Ibrahim Boubacar Keita resigned after being detained by a military junta, prompting immediate international criticism, despite the group's pledge to shepherd a democratic transition.The coup capped weeks of protests d...Read More