Taking advantage of the low interest rate environment, the gold producer intends to use the proceeds to redeem the $234 million outstanding on its 9.Read More

Thungela listed on the two exchanges on June 7 and has delivered adjusted EBITDA of ZAR1.9 billion and net cash of ZAR3 billion as coal prices rose over the first half of the year.Read More

Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 13.China The ferro-silicon price in China strengthened week on week amid generally positive sentiment, with overall supply failing to meet demand due to electricity cuts in many provinces. In addition, the rising ferro-silicon futures, coupled with the elevated Chinese price for magnesium - the...Read More

The three mining majors are the founding patrons of the "Charge On Innovation Challenge", a global competition launched in May.It now has 21 patrons, more than 350 companies have registered interest as vendors and more than 80 organisations have submitted expressions of interest.The patrons, supported by Australia's METS industry body Austmine, will assess the proposals over the next month and sel...Read More

Adam HamiltonArchivesAug 13, 2021The gold miners' stocks have suffered a weak few months, pounded by a couple big gold-futures purges on distant-future-Fed-rate-hike scares. The resulting bearishness flaring left this contrarian sector deeply out of favor. But with prevailing gold prices still high, the gold miners are really thriving fundamentally. Their just-reported Q2'21 results were impressiv...Read More

Treatment charges for zinc concentrates have widened in the first half of August, with the market seeing minimal spot business ahead of what was expected to be large-scale buying from Chinese smelters later in the year.Fastmarkets' assessment of the zinc spot concentrate TC, cif China, widened downward to $75-90 per tonne on Friday August 13, from $78-90 per tonne two weeks earlier. After years of...Read More

Copper concentrate treatment and refining Charges (TC/RCs) continued their surge in early August, with traders and smelters setting down strong bids at clear levels after weeks of inactivity.The Fastmarkets TC/RC index, which tracks the mid-point of the market, came in at $54.6 per tonne / 5.46 cents per pound on August 13, up from $51.8 / 5.18 cents last Friday to reach its highest point in fifte...Read More

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

An overview of the new energy materials markets and their price moves in the week to Friday August 13.Susan Zou, Yingchi Yang and...Read More

The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne at the top end of its price range over the week to Friday August 13 due to the seasonal summer slowdown and weaker monthly domestic delivery settlements, sources told Fastmarkets.A drop in prices at UK dockside markets, a major influence on domestic prices, has also weighed on the light iron market, sources said.Fastma...Read More

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.Turkish scrap prices fell amid weak downstream demandUnited States scrap exports were poor due to high freight costsWeak demand for imports in Vietnam due to Covid-19China abstains from purchasing due to large bid-offer sp...Read More

The price of shredded steel scrap into Pakistan and India diverged on Friday August 13 with Pakistan reporting restocking behaviour while demand in India remained low, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $532.37 per tonne on Friday, up from $530.64 per tonne one week earlier.Deal prices increased durin...Read More

Chinese automobile production and sales figures continued to fall in July 2021, on both a monthly and an annual basis, although figures for vehicle exports and new energy vehicles hit record highs, the China Association of Automobile Manufacturers (CAAM) has said.Carmakers in China produced 1.86 million units in July, down by 4.1% month on month and by 15.5% year-on-year. Sales came to 1.86 millio...Read More

Australia-listed lithium miners Orocobre and Galaxy have gained the shareholders' and court approvals that were necessary for their proposed merger, the companies announced on Friday August 13.On August 6, Galaxy's shareholders voted in favor of the deal, and on August 13 the Supreme Court of Western Australia made orders approving the proposed merger, the companies said.According to the merger sc...Read More

Lithium prices in China's domestic market continued to rally in the week to Thursday August 12, with both traders and consumers along the battery supply chain actively topping up inventories despite this restocking usually taking place at the end of the month.Lithium prices in China rose quickly amid restocking activity, while some suppliers held back from sales.Seaborne Asia lithium prices were l...Read More

Share this articleTORONTO - Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has become a patron of the Charge on Innovation Challenge, an industry-wide effort to cut emissions from surface mining.The Challenge takes the form of a global competition and seeks to leverage the experience and ideas of a variety of industries to develop new concepts and solutions for large-scale haul truck electrificatio...Read More

Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More

Prices of flat-rolled steel imported into South America were mostly up during the week ended Friday August 13, boosted by costly freight rates and higher offers, and despite uncertainty about a potential Chinese export tax.Most market participants expect the Chinese government soon will announce an export tax on steel, which has been heard from market chatter in the Asian country. There was no con...Read More

In an Australian first,Read More

Most flat steel prices decreased in Turkey during the week ending Friday August 13; buying was slow due to the holiday season and expectations that prices may fall further.Hot-rolled coil producers were accepting orders for November during the week, but some still had limited allocations for October production, sources told Fastmarkets.Market participants believe prices may still have room to fall...Read More