Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More
Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More
Seaborne iron ore prices mostly edged upward on Tuesday June 15 despite limited liquidity and the downtrend in the financial markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $221.87 per tonne, up by $1.10 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.09 per tonne, up by $1.47 per tonne58% Fe fines high-grade premium, cfr Qingdao: $194.60 per tonne, down by $0.62 per tonne65% F...Read More
The seaborne premium hard coking coal price was flat in the cfr market amid weak buying activity but inched up in the fob market with firm demand on Tuesday June 15, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $172.27.30 per tonne, up $0.51 per tonnePremium hard coking coal, cfr Jingtang: $283.29 per tonne, flatHard coking coal, fob DBCT: $153.43 per tonne, flatHard coking...Read More
Base metals prices were all in decline during morning trading on Monday June 15, with copper experiencing the most significant fall after the Chinese markets reopened and futures prices were sold.LME copper's three-month price fell to an intraday low of $9,623.50 per tonne, the lowest since April 27 and a 3.5% decrease from $9,971.50 per tonne at Monday's close. As of 9am, LME three...Read More
China's domestic rebar prices retreated on Tuesday June 15 amid lower transaction volumes as a result of a mixed outlook for supply and demand.DomesticEastern China (Shanghai): 5,050-5,080 yuan ($789-793) per tonne, down by 20 yuan per tonneSome market participants expect an iron ore mine accident in Shanxi last week to lead to a nationwide inspection to ensure industrial safety, including for ste...Read More
The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
This week's episode features a Thought Leadership segment with Orefinders Resources CEO and director Stephen Stewart in conversation with Northern Miner reporter Henry Lazenby. Stephen discusses Mistango's recent deal with Kirkland Lake Gold and future prospects for Mistango and Orefinders in the Kirkland Lake district in Ontario.Stephen is the CEO and Director of Orefinders Resources and QC Cop...Read More
The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce. Vale fell US5 ? to US$22.40 per share. A Brazilian Labour Court has ordered the company to pay individual compensation of R$1 million (US$200,000) for moral damages to families of workers killed in the B...Read More
The S&P/TSX Venture Composite Index slipped 0.17% to finish the trading week at 979.70. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce.Callinex Mines climbed 74 ? to $4.03 per share. The company announced the latest drill results from its 30,000-metre drill program at its Rainbow deposit. The deposit, which contains copper, gold, silver and zinc, lies within its 100%-owned...Read More
The S&P/TSX Composite Index rose 0.55% to 20,138.35 during the June 7-11 trading week. The S&P/TSX Global Mining Index slipped 0.79% to 113.61, and the S&P/TSX Global Base Metals Index dropped 0.94% to 174.31. Spot gold decreased by US$14.20 per oz., or 0.75%, to US$1,877.80 per oz., and the S&P/TSX Global Gold Index fell 0.54% to 325.62.Nutrien climbed 94 ? to $78.91 per share. The company annou...Read More
Price arguably similar to earlier deal involving broadly similar project, give or takeRead full newsRead More
Voting underwayRead full newsRead More
E79 Resources (CSE:ESNR) reports initial assay results received from the first two drill holes at its Happy Valley Gold Prospect.Read full newsRead More
Altiplano Metals (TSXV:APN) is completing an underground exploration and development plan at the historical Maria Luisa gold-copper mine.Read full newsRead More
Barrick Gold Corporation GOLD recently announced that the framework agreement between the Papua New Guinea ("PNG") government and operator Barrick Niugini Limited ("BNL") took a major step forward to restart the Porgera gold mine. The deal provides that the Porgera mine will be owned by a new joint venture held 51% by PNG stakeholders and 49% by BNL. Per the terms, BNL will continue as the operato...Read More
Are you an investor who wants to park funds in gold? What's the best way to do it? Here's a guide.Read full newsRead More
TRU unveils corporate strategy "TRU Vision 2021", building shareholder value by exploring, developing & consolidating the Cape Ray-Valentine Lake Shear Zone.Read full newsRead More