London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.Nickel's three-month price was down to $19,243 per tonne - a fall of $145, or 0.7% - from Tuesday's closing price. Its volumes, at 6,450 lots traded by 5pm, were at their lowest since July 21. The news...Read More

Chinese downstream fabricators actively bid for discounted zinc during the second round of state auctions, with the 50,000 tonnes of zinc almost sold out on Thursday on July 30, sources said.The discount stands at around 1,500 yuan - including shipment fee calculation - and has considerably catalyzed the sell-off, sources added. Winning bids from zinc fabricators ranged from 19,000-21,000 yua...Read More

China's domestic rebar prices recovered some losses on Wednesday August 4 on traders' replenishing their inventories, but end-user demand remained weak. DomesticEastern China (Shanghai): 5,200-5,240 yuan ($804-810) per tonne, up by 70 yuan per tonneRebar futures picked up during the day on expectations among market participants that steel production cuts will continue over the remainder of this ye...Read More

Prices of hot-rolled coil prices in China's domestic market rose on Wednesday August 4, after two consecutive days of sharp losses. Market participants have seemingly shrugged off fears of an easing in the country's plan of steel production curbs, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,820 yuan ($891-900) per tonne, up by 70-100 yuan per tonneSpot prices have regained m...Read More

China's major non-ferrous metal prices are likely to remain robust in the second half of 2021, but will be volatile at high levels, Jia Mingxing, vice president of China Nonferrous Metals Industry Association (CNMIA), said in a press conference of China's non-ferrous industry's half-year performance on August 3."[The] copper price [doesn't] have [the right] market conditions allowing it to step ou...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price movesJanie Davies, Dalila...Read More

Key data from the Wednesday August 4 pricing session in London.Key drivers Spot international cobalt prices widened downward on cheap offers from sellers willing to take profits in a quiet market, amid seasonally slow trading. Some sellers insisted on...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday August 4.Key drivers Prices for titanium alloy and scrap were steady across the grades assessed by Fastmarkets oviner the week to Wednesday August 4, with buying interest for alloy reported into the last quarter of the year, and scrap suppliers holding their offer prices steady, sources said. Deals were reported within existing rang...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

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...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 Cobalt hydroxide p...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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

The chrome ore market for sales into China rose with fresh liquidity being reported in the week ended Tuesday August 3, following strong recent gains in the downstream alloy market.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, settled at $182 per tonne on August 3, up by 4.6% from $174 per tonne one week earlier."With the profit available from ferro-chrome prod...Read More

Orla Mining (TSX: OLA; NYSE: ORLA) has released new assay results from drilling the sulphides zone at its Camino Rojo gold project in Mexico's Zacatecas state, about 50 km southeast of Newmont's (TSX: NGT; NYSE: NEM) Penasquito mine.The company said the results confirm the presence of wide, higher grade gold zones at the sulphide deposit. The drill program consisted of close-spaced drilling on thr...Read More

Chile's senate has postponed for almost three weeks a vote on an opposition-sponsored bill that could hike taxes on miners by up to 75% depending on the price of copper, the country's main export. The bill, first introduced in 2018, calls for a 3% royalty on sales of over 12,000 tonnes of copper production a year and 50,000 tonnes of lithium a year. Half the funds obtained from the royalty w...Read More

Gold is still being discovered in England, but it's not geologists doing the finding. As we emerge from the pandemic it seems that many of us spent the lockdown digging up treasure.England enjoyed its 'Freedom Day' on July 19, when almost all lockdown restrictions were lifted. Despite a recent rise in cases of Covid-19, people are no longer advised to work at home, masks are not obligatory, and ni...Read More

Anglo American (LSE: AAL) and German steel producer Salzgitter Flachstahl will work together on decarbonizing the steel sector by exploring ways to reduce carbon emissions. The partners intend to conduct research into feed materials, including iron ore pellets and lump iron ores, suitable for use in direct reduction (DR) steelmaking based on natural gas and hydrogen. "This is a significant...Read More

The Canadian province of Quebec has granted Monarch Mining (TSXV: GBAR; US-OTC: GBARF) a $13.5 million senior secured term loan agreement to help the company restart the Beaufor gold mine and Beacon mill, 20 km east of Val-d'Or. The three-year term loan agreement with Investissement Quebec bears interest at a rate of 6% a year until the restart of the mine and mill, 5% during the first year...Read More

Steelmakers in China are preparing to join the country's national carbon trading market by measuring their emission levels to secure carbon quotas that match their output.The China Iron & Steel Association has instructed member mills to submit their production and carbon emission details to it by August 14 to study the quota for every mill. The steel sector is among the next slew of major industri...Read More

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