The market for pig iron exports from the Commonwealth of Independent States went up during the week to Thursday September 3 on new sales to China and resumed sales to the United States.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $340-356 per tonne on Thursday, up from from $335-343 per tonne the week before.One Russian supplier sold a...Read More

Managing director Justin Brown told RESOURCEStocks by implementing a staged development plan, E25 was set to become Australia's next manganese producer "in relatively short order".The news flow is also up-tempo, with the mining lease just granted and the company entering an offtake memorandum of understanding this week with miner, trader and smelting company OM Holdings for up to 100% of initial p...Read More

Iron ore futures prices declined on Friday September 4 amid weak trading sentiment following the downturn in the US stock market. But with 57% Fe Indian fines traded in US dollars on the platform again in 2020, low-grade and high-grade fines performed well at ports on strong demand, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $128.80 per tonne, down $1.12 per tonne62% Fe...Read More

The seaborne premium hard coking coal fob index jumped on Friday September 4 following a new much-higher transaction, which sources say reflects rising demand, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $110 per tonne, up $3.78 per tonne Premium hard coking coal, cfr Jingtang: $114.66 per tonne, up $0.23 per tonneHard coking coal, fob DBCT: $86.26 pe tonne, up $0.50 p...Read More

China's hot-rolled coil prices weakened on Friday September 4, with sentiment dampened by financial market losses.DomesticEastern China (Shanghai): 4,020-4,040 yuan ($588-591) yuan per tonne, down 10-20 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,890-3,920 yuan per tonne, up 40-50 yuan per tonneAsian stock markets on Friday experienced their worst daily performance of the past t...Read More

London Metal Exchange base metals prices were firmer this morning, Friday September 4, but this appears to be early bargain-hunting/consolidation after Thursday's 1.5% average decline. Asian equities and base metals prices were weaker while they followed yesterday's weakness in western markets. We wait to see if this weakness was the result of some book squaring ahead of the much-watched monthly U...Read More

Key data from the Friday September 4 pricing session in London.Key drivers Cobalt metal inquiries showed a modest pick-up during the first few days of September, although some buyers were returning from the summer break and still adopting a cautious approach to restocking due...Read More

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

Silicon metal prices rose in the United States for the second week in a row, reaching a year-to-date high, primarily driven by revived spot trade and an improving automotive industry. Rising prices for secondary aluminium alloys, themain end market for the 5-5-3 grade silicon metal that Fastmarkets prices in the United States, again drew the raw material up in their wake. Fastmarkets assessed the...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...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 alloy...Read More

The European Commission unveiled an updated list of critical raw materials on Thursday September 3 that it aims to secure the supply of while avoiding over-dependence on third countries, alongside an action plan to create domestic supply chains for raw materials.Lithium, a material that is critical for the shift to a greener economy, has been added to this list for the first time. Lithium is a key...Read More

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

Europe's monthly alloy steel surcharges for September have increased moderately from the levels in August because of higher nickel costs, Fastmarkets heard on Friday September 4.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe, was calculated at ?,?1,367-1,377 ($1,617-1,629) per tonne for September, up by ?,?10-22 per tonne from the August range.The...Read More

Light vehicle production in Mexico decreased 13.2% year on year in August, according to figures from the country's statistics agency, Inegi.Mexican automakers produced 293,463 vehicles last month, a decrease of 44,435 units from the 337,898 vehicles produced in August 2019, according to the figures released on Friday September 4.Output also declined by 0.5% from 294,946 units in July.Sales...Read More

The Global Mining Symposium's final panel brought together experts from across the industry to discuss the merits and shortcomings of feasibility studies and how they can be improved to add value.Moderated by Mark Nopp?(C), managing director and corporate consultant in geology at SRK Consulting, the panel featured Jo-Anne Dudley, chief executive of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), C...Read More

Taiwanese buyers of ferrous scrap imports who held out for cheaper cargoes in the past week ended up being faced with higher prices."Many buyers felt that prices had peaked previously and were waiting for them to fall. But it later turned out that prices in Turkey increased further," a Taiwanese buyer source told Fastmarkets on Thursday September 3.Fastmarkets' daily price assessment for container...Read More

A key theme of the Global Mining Symposium is the need to advance new technologies to make mining safer, as well as more efficient and productive, which is why Northern Miner senior reporter Carl A. Williams spoke to Michelle Ash, chief executive of GEOVIA-Dassault Syst??mes, from her home in Melbourne, Australia. Dassault Syst??mes is a software company and GEOVIA is a division that is specific...Read More

Executive chairman and founder of Yamana Gold (TSX: YRI; NYSE: AUY), Peter Marrone, spoke on the second day of the Global Mining Symposium about the company's assets, its strategy, and his views on the price of gold. Marrone started his career practicing law in Toronto, focusing on corporate, security and international law and then became the head of investment banking at a major Canadian bank...Read More

Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 2588 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyIndia's mining ministry proposed a series of legislative changes on August 24 that will effectively mean around 500 exploration licen...Read More