Domestic prices for hot-rolled coil in Northern Europe moved further down day on day on Tuesday June 16 due to low market activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was ?,?391.56 ($441.42) per tonne on Tuesday June 16, down by ?,?2.19 per tonne from ?,?393.75 per tonne on Monday June 15. The index was down by ?,?7.37 per to...Read More

Export offers for billet from the Commonwealth of Independent states increased over the weekend, although mills in no hurry to sell volumes, Fastmarkets understands.The mood in the market was nonetheless positive amid growing finished long steel production costs and the expectation of further growth in scrap prices."There are few offers in the market now, the lowest coming in at $380 per...Read More

Flat-steel import prices in the United Arab Emirates and Saudi Arabia increased although demand was weak, sources told Fastmarkets on Tuesday June 16.No deals were heard during the week.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, while one buyer believed $450 per tonne cfr is a workable price for Chinese HRC - but no deals were heard.India offe...Read More

Markets were stronger across the board this morning, Tuesday June 16, reversing the weakness seen at the end of last week and during early trading on Monday.The Federal Reserve’s action to extend buying to a wider base of corporate debt suggests the central bank will “do whatever it takes” to support market sentiment, and indeed markets, if it can. * Base metals prices on both the L...Read More

Steel rebar and billet prices in the United Arab Emirates increased this week despite only moderate demand, sources told Fastmarkets on Tuesday June 16.It came as no surprise, however, as market participants in the country were expecting prices to rise.Domestic rebarThe country's biggest producer, Emirates Steel, is offering rebar at 1,773 dirhams ($483) per tonne ex-works from June 16, up fr...Read More

Export slab prices from the Commonwealth of Independent States (CIS) continued to increase in mid-June despite lower activity, supported by the reduced availability of the material in the market.Ukraine-origin slab was offered to Turkey at $385 per tonne cfr, equivalent to $370-375 per tonne fob Black Sea last week, compared with previous bookings done at slightly above $370 per tonne cfr at the s...Read More

Rebar and wire rod producers from the Commonwealth of Independent States (CIS) increased their offer prices after hikes by Turkish suppliers this week, in response to higher scrap costs.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $267.66 per tonne cfr on Monday June 15, up from $260.12 per tonne on the same day last week.And the daily index fo...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPrime minister Scott Morrison said yesterday that delays in approvals under the Environment Protection and Biodiversity Conservation Act 1999 cost industry A$300 million alone in 2019.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 68 points in pre-opening trade. Index futures responded to news that the Trump Administration is planning a 1 trillion infrastructure package to stimulate the U.S. economy. U.S. construction stocks were notably stronger. Gains accelerated on news of a new steroid coronavirus treatment.Index futures moved higher followi...Read More

Turkish steel producers continued to stay away from the deep-sea scrap import market, but the current firm prices could soon start to rise if demand for rebar grows, sources said on Tuesday June 16.After booking nine deep-sea cargoes, totalling 250,000 tonnes last week, the Turkish steel producers have been quiet since the start of this week.They are still expected to book more cargoes,...Read More

Seaborne prices were generally flat on Tuesday June 16 after no transactions were heard, with market participants trying to figure out how China's import restrictions and ex-China demands will affect the market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.36 per tonne, down $0.11 per tonne Premium hard coking coal, cfr Jingtang: $117.35 per tonne, down $0.23 per tonneHard coking co...Read More

Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.85 per tonne, up $1.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $107.80 per tonne, up $1.68 per tonne. 58% Fe fines high-grade premium, cfr Qingdao:...Read More

China's domestic and export prices for rebar were flat on Tuesday June 16 amid low trading activity as a result of bad weather, with rising futures keeping the market supported.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($503-508) per tonne, unchangedRain persisted in eastern China while some parts of the northern and southern regions experienced high temperatures, which shortened the wor...Read More

The electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore. The Belgian company anticipates a 25% decline in total global automotive production this year, but while the coronavirus and its impact on the global economy have clouded the outl...Read More

After market feedback, Fastmarkets MB is extending the consultation period for its proposal to launch a weekly price assessment for tantalum concentrate.The initial consultation, which ends on June 15, has confirmed an appetite for third-party price assessments for tantalum, but the extension will allow time for market feedback on the specifications that have been revised in line with initial...Read More

This week's episode features the opening of this year's Canadian Mining Symposium held on Zoom from June 16-18, 2020. Northern Miner group publisher Anthony Vaccaro gives opening remarks to the event followed by TMX Group's head of business development, Dean McPherson, who discusses the inner workings of listing on the Toronto Stock Exchange and the TSX Venture Exchange.All this and more with onli...Read More

Fortescue Metals Group (ASX: FMG), the world's fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals BHP, Rio Tinto and Vale.Further, the Australian miner expects to slash operational emissions 26% by 2030. Fortescue had previously signalled that it intended to be carbon-neutral by the "second half of...Read More

Skeena Resources (TSXV: SKE; US-OTC: SKREF) has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project in the province's Golden Triangle area."The PFS is the next step in the evolution of Eskay Creek, as we move this high-grade, open-pit project towards development and through to commercial production," Shane Williams, the company's COO, said in a press release.As th...Read More

Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) has announced its exploration plans for the 260-sq.-km Big Red property within the Golden Triangle.The company plans to first complete a surface program at the site, with mapping and collection of 600 rock samples scheduled over the next month. These results will then help guide a 3,000-metre drill program slated for July. The first phase of drilling...Read More

https://smallcapbuyouts.pinnacledigest.com/ In May of 2020, the Pinnacle Digest crew traveled to Strathmore, Alberta Canada to visit our client EarthRenew (E...Read full newsRead More