Prices for both new steel and aluminium scrap materials continued to rise across the UK and Europe in the week to Friday July 16, amid further manufacturing disruptions, causing the global scrap supply deficit to worsen.Manufacturing shutdowns and automotive supply chain halts - and increased demand for aluminium products, which are commanding record-high premiums - have created a huge imbalance i...Read More

The pig iron export market from Brazil was muted again during the week to Friday July 16 because suppliers have been concentrated on the local market, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620-625 per tonne on Friday, stable week on week....Read More

The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $625-645 per tonne on Friday, down from $650-655 per tonne a week before."Both Russia and Ukraine have unsold cargoes for August shipment and later....Read More

Inland dry ports will be constructed to facilitate bulk material transport and to improve air quality, according to a notice released by Handan Ecology and Environment Bureau (HEEB) on Monday July 19.HEEB released a notice on forwarding the Work Plan of Hebei province Atmospheric Pollution Control 2021, where the Leading Group of Hebei province Atmospheric Pollution Control proposed to construct i...Read More

One of China's principal coal-mining groups, Jinneng Holding, has reduced its coal production guidance figure for 2025 to 500 million tonnes from the previous 600 million tonnes, in line with the country's targets for lower carbon emissions, according to a company statement on July 14.Jinneng chairman Guo Jingang said in a company meeting that the goal of "carbon peak, carbon neutral" was not to e...Read More

Iron ore prices eased on Monday July 19 amid weaker market sentiment caused by restrictions on sintering and emissions imposed on mills in the steelmaking hub of Tangshan, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $221.04 per tonne, down $0.39 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.02 per tonne, down $0.37 per tonne58% Fe fines high-grade premium, cfr Qingd...Read More

Hot-rolled coil prices across China's domestic market moved higher on Monday July 19, while futures prices rose with participants' expectations of lower production due to power supply restrictions in some regions and production curbs in the top steelmaking hub of Tangshan, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,880-5,950 yuan ($907-918) per tonne, up by 20-50 yuan per tonneMa...Read More

China's domestic rebar prices edged higher on Monday July 19, after power shortages increased participants' expectations of production reductions, sources said.Domestic Eastern China (Shanghai): 5,240-5,250 yuan ($809-810) per tonne, up by 10-40 yuan per tonnePower supply shortages in some regions have forced steelmakers to scale back operations, which increased participants' expectations of a pro...Read More

Three-month nickel was the only contract to trade higher in the morning session on the London Metal Exchange on Monday July 19, with most other base metals, with the exception of copper, consolidating at elevated levels.Nickel's three-month price rose to $19,155 per tonne in early trading, before easing slightly to $19,095 per tonne at 9am. The metal gained 2% throughout last week, finishing on Fr...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the countryBase metalsLME three-month base metals prices were mixed this morning, with nickel up by...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...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 assessed...Read More

Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More

Prices for refined selenium in China fell in the week to July 19 with cargo holders lowering their offer prices in an attempt to trigger demand in an illiquid market, sources told Fastmarkets.Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 130-190 yuan ($20-29) per kg on Friday July 16, down by 15 yuan per kg or 8.6% from 150-200 yuan per kg the previous week.The l...Read More

Thor Explorations (TSXV: THX; LSE: AIM) has announced that commissioning of the gold processing plant at its wholly owned Segilola gold project in Nigeria has begun, and confirmed it expects to pour the first gold by the end of July. The process plant is being commissioned in phases, with commissioning already underway at the power plant. Commissioning of the SAG & ball mills will follow.Mining h...Read More

Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has entered into an option agreement with Globex Mining Enterprises (TSX: GMX; US-OTC: GLBXF) regarding the past-producing Eagle gold mine, 60 km southwest of Matagami, Quebec.Ownership of the mine will consolidate the historic high-grade Eagle-Telbel underground mines at the Joutel gold project. This is a 50:50 joint venture of Maple Gold Mines and Agni...Read More

Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesA sniff of what's to come could be found in last week's report from Alrosa, the leading Russian diamond producer, which said...Read More

German steelmakers settled their monthly steel scrap contracts for July at higher prices due to continuous tight availability in the market, sources told Fastmarkets.Prices for new scrap grades, such as E8, have risen higher compared with other grades due to short supply from both automotive producers and flat steel service centres. Stoppages and reduced production rates in the automotive sector r...Read More

Nornickel has not been offering spot nickel in the United States since February, which intensifies the supply shortage and rapidly rising premiums in the country since miners at Vale Canada went on strike on June 1, multiple sources told Fastmarkets.Nornickel has declined to comment but said that an update was imminent for its Taimyrsky mine - whose recent disruption, sources said, led to the halt...Read More

TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More