Spanish steelmaker Celsa is to investigate the use of hydrogen to replace its fossil-fuel energy sources in a project at its Nordic region site, the companies involved jointly announced on Wednesday June 3.Celsa Armeringsst??l, of the Celsa Group, has teamed up with Mo Industripark and renewable energy company Statkraft, and has signed a letter of intent to establish a green hydrogen value chain f...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesBuoyant iron ore prices have been driven by strong Chinese demand and weak Brazilian shipments. Copper prices have also risen, but remain below pre-pandemic levels at just over US$5,500/tonne.Read More

The metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger. * While Asian-Pacific equities were firmer, pre-market major western equity index futures were showing losses.* Germany provides its economy with a €130 billion ($145.8 billion) stimulus package, including a 3 percentage point cut in value-added tax (VAT) and a doubling of rebat...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron oreSentiment in the iron ore market continues to be dominated by concerns about supply disruptions in Brazil. Prices spiked above $100 per tonne after reports that there had been a recent surge of Covid-19 cases at Vale's three mines in Itabira. A...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade.The European Central Bank maintained current interest rates after releasing its monetary statement.Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for First Quarter Non-farm Productivity was a drop of 2.7% versus a gain of 1.2% in the fourth quarter...Read More

Turkish deep-sea scrap bookings have continued for July shipments at slightly stronger prices, sources said on Thursday June 4.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of shredded at $263 per tonne cfr.This compared with the most recent United States-origin cargo sold at...Read More

Seaborne iron ore prices slipped on Thursday June 4, following a big dip in the futures market.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $99.24 per tonne, down $1.98 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $102.17 per tonne, down $1.83 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $89.41 per tonne, down $0.14 per tonne. 65% Fe Brazil-origin fi...Read More

Seaborne premium hard coking coal prices diverged on Thursday June 4, with most market participants watching from the sidelines. Fastmarkets indices Premium hard coking coal, fob DBCT: $107.75 per tonne, up $1.29 per tonne Premium hard coking coal, cfr Jingtang: $114.38 per tonne, down $0.57 per tonne Hard coking coal, fob DBCT: $87.08 per tonne, down $0.58 per tonne Hard coking coal, cfr Jingtang...Read More

Steelmakers in Bangladesh largely abstained from the market for import bulk scrap cargoes over the last week but offer prices increased due to recent deals done in India and Pakistan, market sources told Fastmarkets on Thursday June 4. Mills in India and Pakistan bought bulk cargoes from the US West Coast over recent days at increased prices amid stronger demand for scrap, low bulk freight ra...Read More

China's domestic rebar market maintained its upward trend on Thursday June 4 on early gains experienced by rebar futures, though high temperatures in several regions weakened demand.Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($508-513) per tonne, up by 10 yuan per tonneThe most-traded October rebar futures contract rose to a high of 3,679 yuan per tonne in the first hour of trading. This...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trade 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 the price of cobalt...Read More

The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trade 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...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets MB prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works,...Read More

Cobalt sulfate prices in China retreated slightly in the first half of the week with concerns over a persistent slump in demand outweighing feedstock supply constraints, but market participants expect any drop to be only limited in the near term.Nevertheless market participants are taking a watchful stance in terms of the moves of cobalt sulfate - and whether the persistent weak demand might...Read More

Copper scrap flows in the United States have begun strengthening due to an increase in the Comex copper price and a seasonal uptick in scrap production during the summer months, but this modest increase in supply has not yet eased copper scrap discounts.The most active July-delivery Comex copper contract settled at $2.4875 per lb on Wednesday June 3, up by 4.4% from $2.382 per lb one week earlier....Read More

Japanese suppliers of H2 heavy scrap are experiencing difficulty in sourcing for supply, which has led to a rise in export prices for a second week, market sources told Fastmarkets.Low supply has resulted in dockside scrap prices climbing again over the past week, which push up export offers and exert pressure on domestic steelmakers' margins since they are also struggling to obtain material."The...Read More

Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) is bolstering its defences against a takeover by fundraising to raise a minimum of ?16 million (US$20 million) as top miners try to take advantage of the global economic downturn caused by the coronavirus pandemic.The move follows a royalty financing agreement with streaming company Franco Nevada (TSX: FNV; NYSE: FNV), inked in May. The deal gu...Read More

Takeover target Guyana Goldfields (TSX: GUY) said it has received a proposal from a "foreign-based multinational miner" valuing the company at $323 million (US$240 million), which is 35% higher than a previous offer from Silvercorp Metals (TSX: SVM; NYSE: SVM).The Canadian miner was first approached in April by Silvercorp, which put forward a C$105 million (US$75 million) cash and share deal. That...Read More

Drilling at Callinex Mines' (TSXV: CNX; US-OTC: CLLXF) 118-sq.-km Nash Creek project in the Bathurst mining district of New Brunswick has encountered a new zone of silver mineralization, 9.6 km away from the deposit, as well as a new area of near-surface zinc and lead, 1.3 km to the west of existing resources.The company has released the results of five drill holes: 19-306 returned 19 metres of 36...Read More

Calibre Mining (TSX: CXB; US-OTC: CXBMF) has reported the first resource estimate for the Panteon deposit at its Limon mine in Nicaragua.The high-grade vein is about 150 metres from the company's producing Santa Pancha underground mine.Panteon has 90,000 indicated tonnes grading 9.88 grams gold per tonne for 29,000 contained oz. gold and another 303,000 inferred tonnes averaging 6.79 grams gold pe...Read More