The Turkish steel producers resumed their deep-sea scrap purchases with a European cargo deal, market participants told Fastmarkets on Wednesday August 25.A steel mill in the Iskenderun region booked the Belgian cargo comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr. The transaction is for prompt shipment.The HMS 1&2 (80:20) price of...Read More

The global markets for containerized freight have entered even deeper water in recent weeks, with closures at the key port of Ningbo-Zhoushan in China leading to worsening cargo delays, port congestion and a further cutback in free days.This latest setback to containerized shipping has led to greater difficulty for anyone involved in buying, selling and arranging containerized cargoes of metal in...Read More

Seaborne coking coal prices increased in the cfr China market following a strong domestic coking coal market on Wednesday August 25 and stayed largely firm in the fob Australia market amid low trading activities, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $391.84 per tonne, up $5.01 per tonneHard coking coal, cfr Jingtang: $365.31 per tonne, up $8.63 per tonnePr...Read More

Iron ore prices mostly increased on Wednesday August 25 despite weaker trading activity in the physical market, especially at Chinese ports, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $148.66 per tonne, up by $2.53 per tonne62% Fe low-alumina fines, cfr Qingdao: $148.95 per tonne, up by $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $116.96 per to...Read More

Domestic hot-rolled coil prices in China stemmed their recent rally on Wednesday August 25 while industry data points to an output increase in mid-August.DomesticEastern China (Shanghai): 5,690-5,720 yuan ($879-883) per tonne, widening downward by 20 yuan per tonneThe China Iron & Steel Association (Cisa) said on Tuesday morning that daily crude steel output from its member mills average...Read More

Tin ingot premiums in the United States have decreased slightly for the first time since the start of 2021 together with those in Taiwan, while in Europe, the all-time highs seen for the past two months held on as the supply tightness in the region persisted. US offers, deals still broadly around $4,000 per tonne despite imminent arrival of cargoes. Taiwan premiums fall after "hoarding" of ingot.T...Read More

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Wednesday August 25, although they had previously rebounded from last week's weakness.Shanghai Futures Exchange base metals prices were mainly stronger on Wednesday in response to the previous day's gains on the LME.Broader markets focused on Friday's United States Federal Reserve Jackson Hole symposiumSpread of t...Read More

China's domestic rebar prices suspended their upward trend on Wednesday August 25 amid a drop in sales volumes.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, unchangedRestocking demand continued to weaken due to traders' concerns about high prices in September.End users slowed their procurement rates slightly to see if spot prices would drop...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday August 25.Key drivers The titanium alloy market was steady in the assessment week, with suppliers holding their offer prices steady ahead of an expected renewal of demand from steelmakers for both prompt and fourth-quarter deliveries. Industry sources reported hearing some offer prices close to $8 per kg, with the emergence of some...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 Cobalt alloy...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 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 Cobalt standard grade,...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 Cobalt sulfate...Read More

The US Department of Commerce has set final anti-dumping duties on imports of stainless steel flanges from India following an administrative review, according to a Federal Register notice set to be published on Thursday August 26.The agency set the anti-dumping duty rate for all Indian exports of stainless steel flanges to the United States at 145.25%, unchanged from the preliminary margin set in...Read More

Trading remained thin in China's steel plate export market in the week to Tuesday August 24 due to the resurgence of Covid-19 cases, uncompetitive offer prices and uncertainty surrounding China's export tax.Fastmarkets' price assessment for October-shipment steel heavy plate export, fob China main port was $915-925 per tonne on Tuesday, down by $20-25 per tonne from a week earlier.Yingkou Medium P...Read More

Tsingshan Group has lowered its tender price for September-delivery ferro-chrome to 9,995 yuan ($1,543) per tonne, the Chinese stainless steelmaker said on Wednesday August 25.The tender price is 800 yuan per tonne (7.41%) lower than what the eastern Chinese mill - the country's largest ferro-chrome buyer - had sought for August-delivery material.While lower than the previous month's 13-year high,...Read More

A new way to control the motion of bubbles from researchers at New York-based Columbia Engineering might one day help separate valuable metals from useless dirt using much less energy and water than today.When mining for metals such as copper, used in most electronics, and the lithium used in many batteries, only a tiny fraction of the mined material is useful metal, with the vast majority just us...Read More

GR Silver Mining (TSXV: GRSL; US-OTC: GRSLF) delivered the first 43-101 compliant resource estimate for its Plomosas project in Sinaloa, Mexico.The resource estimate at Plomosas includes two areas - the former Plomosa mine and San Juan. The estimate included 80 new drill holes from surface and underground drilling this year, as well as 476 historic drill holes representing a total of 100,672 m...Read More

Great Bear Royalties (TSXV: GBRR), which was spun out of Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) in January 2020 and listed in April 2021, has "one of the top 20 gold royalty assets in our coverage universe," according to Canaccord Genuity mining analyst Carey MacRury.The precious metals royalty and streaming company has a 2% net smelter return (NSR) royalty on Great Bear Resources' Dixie...Read More

Chile's state miner Codelco, the world's No. 1 copper producer, has broken ground at the US$1.4 billion expansion of the Salvador copper mine, which will extend the productive life of the aging operation by 47 years and increase output by almost 50%. The Rajo Inca project will convert Salvador, in operation since 1959, from an underground mine to an open pit. "Until now this division dep...Read More