Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesEl Palamar has been drilled once previously, by Codelco, which intersected porphyry copper-gold mineralis...Read More

Located 8km west of the mainstay T3 deposit, the higher-grade A4 discovery is being banked on to upscale Motheo from a 30,000tpa copper producer to 55,000tpa within 12-18 months of first T3 productionRead More

(Adds detail, writes through) MELBOURNE, July 16 (Reuters) - Rio Tinto reported a 12% fall in quarterly iron ore shipments on Fridayafter storms affected its West Australian operations, but isexpected to report bumper results this month on soaring pricesfor the steel raw material. Rio said it now expects to ship near the lower end of itsrange of 325 million tonnes (mt) and 340 mt in calendar 2021,...Read More

China's steel industry is driving a change towards carbon-neutral or low carbon-based steel production in response to national plans to reach peak carbon by 2030 and carbon neutrality by 2060.Carbon neutrality is a shared challenge for the global steel industry but China faces some unique ones, Frank Zhong, the chief representative in Beijing of the World Steel Association (Worldsteel), said on Th...Read More

Turkish steel producers were inactive in the deep-sea scrap import markets on Thursday July 15 due to a public holiday in the country, sources have told Fastmarkets.Steel and scrap trading were expected to slow in the coming weeks because of several public and religious holidays. Turkish market participants were not at work on Thursday with the country...Read More

The coking coal market in China slightly inched down on Thursday July 15. The fob coking coal market held steady without much firm buying interest for August-laycan cargoes on the same day, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.15 per tonne, up $0.12 per tonnePremium hard coking coal, cfr Jingtang: $307.63 per tonne, down $0.69 per tonneHard coking co...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.U.S. economic news to be released at 8:30 AM EDT and 9:15 AM EDT is expected to show extensions of recent advances. July Empire State Manufacturing Survey to be released at 8:30 AM EDT is expected to increase to 18.50 from 17.40 in June. July Philly Fed Index to be released at 8:30 AM ED...Read More

Steel scrap import prices into China remained steady despite supplies of domestic scrap being tightened by the rainy season in the north and by high temperatures in the south, sources told Fastmarkets on Thursday July 15.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $530-540 per tonne o...Read More

Iron ore prices increased on Thursday July 15, supported by falling steel inventories in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $222.09 per tonne, up $3.43 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.75 per tonne, up $3.75 per tonne58% Fe fines high-grade premium, cfr Qingdao: $182.06 per tonne, up $3.65 per tonne65% Fe Brazil-origin fines,...Read More

The setting: Beijing, 1971. The characters: United States National Security Advisor Hank Kissinger and Chinese Premier Zhou Enlai.They are discussing diplomacy.At one point a pause broke their conversation. Mr. Kissinger then solicited his host's estimate of the French Revolution's impact upon the world."Too early to say," came the response.Premier Zhou was likely referring to the 1968 student agi...Read More

Philosophers and analysts use a principle called Occam's Razor (sometimes Ockham's Razor) to solve difficult problems. It says that when you are confronted with two possible solutions to a problem, one complicated and one simple, it's usually better to select the simple solution.There's always some attraction to the complicated solution because humans like intrigue and plot twists. But statistical...Read More

Yesterday we violated every decency, shocked every sensibility, offended every piety…That is because we maintained Donald Trump did the nation an incalculable good.An incalculable good? Here is a demoniac, argue his foes - an enfant terrible, a vicious scourge upon American democracy.Just so. And let it go into the record:We are not a Trump enthusiast. We find his economics badly informed, f...Read More

The London Metal Exchange has announced that John Glen MP, economic secretary to the UK Treasury, will be the guess speaker at the annual dinner during LME Week this year.Glen was first elected to parliament as MP for Salisbury in 2010 and has held his current position as economic secretary to the Treasury since January 2018.LME Week is due to take place face to face this year in London starting f...Read More

Hot-rolled coil prices across China's domestic market edged higher on Thursday July 15 while futures prices traded rangebound after Wednesday's sharp gains due to the increased likelihood of a drop in steel production in the second half of 2021, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,860-5,920 yuan ($907-916) per tonne, narrowing upward by 20 yuan per tonneThe most-traded HRC...Read More

China's domestic rebar prices continued to rise on Thursday July 15, following a strong showing in the futures market in early trading.DomesticEastern China (Shanghai): 5,200-5,240 yuan ($805-811) per tonne, up by 20 yuan per tonneDeals were concluded at 5,200-5,240 yuan per tonne in early trading, with buyers expecting rebar prices to continue rise on seeing the futures...Read More

The European Union's Carbon Border Adjustment Mechanism (CBAM) will be generally supportive of aluminium premiums in Europe and will add further bullish sentiment to an already heated market, sources told Fastmarkets this week."A Carbon Border Adjustment Mechanism will put a carbon price on imports of a targeted selection of products to ensure that ambitious climate action in Europe does not lead...Read More

Prices on the London Metal Exchange picked up on the morning of Thursday July 15, building on momentum from the early Asian trading session after the release of positive economic data out of China. Global investors remain confident that economic growth in China is relatively robust, even though its second-quarter gross domestic product (GDP) showed signs of slowing with a 7.9% year-on-year uptick,...Read More

China's domestic stainless steel prices rose sharply over the week to Wednesday July 14 on concerns of tighter supply amid growing expectations for mills to cut production.Gains in the nickel market provided further support to stainless steel prices.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $18,698 per tonne, up by $381 per tonn...Read More

Entreprise G?(C)n?(C)rale Du Cobalt, a state-owned company in the Democratic Republic of Congo, will start to buy cobalt produced by the country's artisanal miners within eight weeks, it told Fastmarkets on Wednesday July 14.Cobalt is a key ingredient, alongside lithium and nickel, in batteries that power electric vehicles (EVs), demand for which was expected to boom in the medium term.Artisanal a...Read More

Glencore has described rioting in South Africa as a "force majeure event" in a letter to customers about a number of ores, alloys and metals exported from the country, although this is not a declaration of force majeure. In a notice to customers on July 14, seen by Fastmarkets, the trader-miner warned that ongoing violence in South Africa could potentially prevent them from fulfilling contracts wi...Read More