The impact of Covid-19 is undeniably huge. It continues to make its presence felt across all commodity markets, including the ferrous supply chain, from raw materials down to finished steel products. One significant impact that can be tracked closely through spot pricing is the increasing disarray in price correlations between various segments of the ferrous supply chain after the Covid-19 pandemi...Read More

Metals prices were consolidating during morning trading on Tuesday April 28 after the promising start to the week faded on Monday, but talk that Chinese provincial governments are offering to subsidize inventory accumulation could well turn out to be a supportive factor. The mixed performance this morning is widespread with Asian-Pacific and pre-market western equity indices on divergent paths, wh...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production for the quarter increased 42.6% to 195,285 tonnes from 136,969t a year ago while gold production increased 39.4% to 68,788 ounces from 49,357oz.Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here Consolidated copper sales were 0.7 billion pounds for the March quarter, with the 2020 estimate now put at 3.1Blb based on US$2.30/lb, down from January's 2020 esti...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIvanhoe said this week underground development at Kakula had accelerated ahead of schedule, with 13.5km completed - 4.2km ahead of plan. The company said a new development record of 1.Read More

Ferrous scrap prices in Mexico largely decreased in the week ended Friday April 24, with steelmakers applying reductionsfollowing lower monthly settlements in the United States' domestic scrap market.Three major scrap buyers were said to have cut prices by 200 pesos (about $8) per tonne last week. This follows a previous round of price cuts a week earlier. At the same time, two Mexican scrap...Read More

The Turkish steel producers have again gone quiet in the deep-sea scrap markets despite the sharp decrease in prices seen at the beginning of this week, sources said on Tuesday April 28.After around 10 days of silence, a Turkish steel mill booked a Baltic Sea cargo on April 27 at $242 per tonne cfr for HMS 1&2 (80:20) and $252 per tonne cfr for bonus, which sent the daily scrap indices down by mor...Read More

Seaborne iron ore market prices fell on Tuesday April 28, following the momentum in the iron ore futures curve on the Dalian Commodity Exchange. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $82.20 per tonne, down $1.28 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $84.60 per tonne, down $0.90 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $71.97 per tonne, down $0.50 per t...Read More

Seaborne coking coal prices dropped on Tuesday April 28, with muted trading activity outside of China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.53 per tonne, unchanged.Premium hard coking coal, cfr Jingtang: $120.18 per tonne, down by $0.88 per tonne.Hard coking coal, fob DBCT: $102.01 per tonne, unchanged.Hard coking coal, cfr Jingtang: $105.94 per tonne, down by $3.50 per tonne...Read More

U.S. equity index futures moved higher this morning. S&P 500 futures were up 37 points in pre-opening trade.Pfizer gained $0.77 to $39.10 after reporting higher than consensus first quarter earnings.Merck dropped $1.58 to $82.40 after lowering sales and earnings guidance for remainder of the year. UPS fell $3.58 to $99.00 after reporting lower than consensus first quarter revenues and earnings...Read More

BHP is consulting with relevant stakeholders on options to increase its licensed iron ore export capacity to over 290 million tonnes per year from Hedland, the shipping hub in Western Australia, it told Fastmarkets on Tuesday April 28.Tim Day, BHP acting asset president for Western Australia iron ore, said BHP's focus remains on reaching 290 million tonnes per year in the medium term, but improvem...Read More

Metals prices were consolidating during morning trading on Tuesday April 28 after the promising start to the week faded on Monday, but talk that Chinese provincial governments are offering to subsidize inventory accumulation could well turn out to be a supportive factor. The mixed performance this morning is widespread with Asian-Pacific and pre-market western equity indices on divergent paths, wh...Read More

Ferro-alloys prices have generally retreated over the past month, with demand concerns gaining in prominence.The latest forecasts from Fastmarkets' team of analysts are ready to view.Ferro-alloy pricing trends have generally diverged ove the past month, depending on the security of the supply-side position of the market. With most supply concerns fading with the resumption of industrial activity i...Read More

The Indian silico-manganese export price and European domestic high-carbon ferro-manganese price rose in the past week amid tight alloy availability and hefty increases in the cost of ore. The silico-manganese 65% Mn min, min 16% Si, fob India price jumped by 13.5% to $1,000-1,100 per tonne in the week ended Friday April 24 from $900-950 per tonne on April 17. This is the assessment's highest...Read More

Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on Tuesday April 28.It claims to be the first company in the world to heat steel using hydrogen instead of liquefied petroleum gas before rolling, in a full-scale trial with its partner Linde Gas.Good results were achieved in the trial in one of the company's pit furnaces a...Read More

With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000 tonnes, with expected gold production falling by 30,000 oz. to 250-270,000 ounces. The forecast depends on officials allowing Cobre Panama to reopen by the end of May, with normal production levels being achieved in late...Read More

This week's episode features Canadian Mining Journal editor-in-chief Alisha Hiyate, who discusses her experience at the Prospectors and Developers Association of Canada (PDAC) conference, as well as how the mining industry is adjusting to the COVID-19 pandemic. She also explains how the diamond industry is being negatively impacted by the breakdown in the supply chain, particularly in regard to th...Read More

The U.S. Department of Energy recently released a roadmap for rebuilding the country's nuclear energy sector, including commitments to bolster domestic production of uranium, increase its enrichment as a fuel source and expand the export market for nuclear technologies.U.S. Secretary of Energy Dan Brouillette unveiled the strategy on April 23. The report: Strategy to Restore American Nuclear Energ...Read More

Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is still uncertain.One of the largest copper-zinc mines in the world, Antamina produced 101 million tonnes of copper in 2019.The announcement on April 27 comes after six workers at Fortuna Silver Mines' (NYSE: FSM) Cayllo...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditBeing stuck in remote Australia with no real knowledge of when I will be allowed bac...Read More