By: Ira EpsteinAbbreviated trading sessions coming up with the holiday coming up. Traders will even up. When you take a look at gold, consolidating into a pattern of..Read More

Turkish producers returned the market late in the week ended Friday May 22, paying higher prices, while Asian buyers were in no hurry to purchase imported cargoes.Turkish mills purchase at higher pricesUS export market silentVietnam halts purchases after offers jumpTaiwanese prices peaking, sources sayIndian market remains steady.TurkeyTurkish producers were out of the spot market for most of this...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 hereMeanwhile the union which won its fight for binding regulations to protect mineworkers from the pandemic has said new rules don't go far enough and has warned of "a crisi...Read More

Turkish steel producers continued their deep-sea scrap purchases at the end of the week at steady prices, sources said on Friday May 22.A steel mill in the Marmara region booked a Baltic Sea cargo comprising 13,500 tonnes of HMS 1&2 (80:20) at $250 per tonne, 9,000 tonnes of shredded at $255 per tonne and 6,500 tonnes of a mixture of bonus and busheling at $260 per tonne cfr.The same mill booked a...Read More

The price of austenitic stainless steel scrap prices in Europe moved slightly higher in the week to Friday May 22 on scarce availability despite demand remaining at low levels, sources told Fastmarkets. Fastmarkets' weekly stainless steel scrap 18/8 solids domestic, delivered merchants UK assessment was ?750-800 ($916-977) per tonne on Friday, up by ?20 per tonne on the low end from ?730-800 pe...Read More

Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.Cynthia Carroll told Fastmarkets during a webinar interview that taking the decision to curtail output in deteriorating demand and pricing environments such as those being seen during the Covid-19 pan...Read More

The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.Speaking during a webinar interview this week, Cynthia Carroll, who led Anglo American from 2007 until 2013, said this is in stark contrast to the way the sector got back to business in the afterma...Read More

Broad markets were weaker this morning, Friday May 22, led by a 4.8% fall in the Hang Seng; base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were down across the board. Given the dire economic situation as a result of the Covid-19 pandemic, the last thing the global economy needs is an escalation in the United States-China trade war that the latter's plans to...Read More

An overview of the battery raw materials markets and their latest price moves. Read More

Share this articleCALGARY - The owner of the Ekati diamond mine is proposing a transaction that would allow it to exit court protection from creditors, provide short-term operating funds and allow it to eventually restart the suspended mine.Dominion Diamond Mines ULC says it has signed a letter of intent with an affiliate of The Washington Companies under which an entity to be managed by Wa...Read More

I'm willing to bet you know someone who recently got pregnant.And if not, you know someone who knows someone who recently got pregnant.How would I know that? Well, it's pretty simple...The combination of months-long lockdowns and disruptions to health services and access to contraceptives during the COVID-19 pandemic has created a perfect storm for new pregnancies.You know how it works: isolated a...Read More

After market feedback, Fastmarkets is extending the consultation period for proposed amendments to its battery-grade lithium carbonate and hydroxide price specifications, to better reflect the emerging norms in battery-grade chemistry.The original consultation, which started on April 22 and can be found here, was originally scheduled to end on May 22, but will now end seven days from the date of t...Read More

Indian mills have achieved a $30 per tonne increase in export prices for hot-rolled coil in the week ended Friday May 22, with international pricing becoming firmer, particularly for Chinese exports.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $420-425 per tonne on May 22, up by $30 per tonne from last week's assessment at $390-395 per tonne."Ther...Read More

Updated (adds COVID-19 news from South Korea) - We have a survival theme of sorts today on INK Ultra Money First, we head to the oil patch where a natural-gas focused junior has made an impressive comeback. Next, we hear an analysis about the state of Europe on Real Vision.For those who missed the premium Raoul Pal interview Monday with Galaxy Digital (GLXY) CEO Michael Novogratz, I provide my...Read More

Domestic prices for hot-rolled coil in Northern Europe decreased day on day on Friday May 22 due to limited trading activity, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?407.50 ($446.75) per tonne on Friday, down by ?,?1.67 per tonne from ?,?409.17 per tonne on Thursday.Friday's index was calculated based on deals and "workabl...Read More

Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil increased again in the week to Friday May 22, and buying improved, sources told Fastmarkets.Demand was better compared with previous weeks in both the local and export markets.Some coated coil producers were expecting further price increases because of rising production costs.Scrap prices also went up during the wee...Read More

Trading activity in Poland's domestic rebar markets remained slow this week with buyers pushing for lower prices while producers were reluctant to agree because of increased scrap costs, sources told Fastmarkets on Friday May 22.Buyers were not very active and were postponing their purchases."Demand slowed down a lot this week. Customers expect prices to fall and want to keep stock levels low," on...Read More

China's domestic rebar prices were unchanged on Friday May 22 due to mixed news emerging from a meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($500-503) per tonne, unchangedNorthern China (Beijing) - weekly assessment: 3,550-3,600 yuan per tonne, up by 130-140 yuan per tonne Chinese Premier Li Keqiang said in the morning that there would not be a gross...Read More

The market for pig iron exports from southern Brazil went up again in the week to Friday May 22 amid new sales to China.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $290-295 per tonne on Friday, up by $10 per tonne from $280-285 per tonne a week earlier.Read More

By Jordan Roy-ByrneThe precious metals sector may have begun a correction on Wednesday. The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels. We mentioned these targets in our article last week.GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key piv...Read More