Seaborne iron ore prices rebounded on Friday September 3 following an uptick in China's steel market, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $144.71 per tonne, up $2.69 per tonne62% Fe low-alumina fines, cfr Qingdao: $145.30 per tonne, up $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $114.54 per tonne, up $2.52 per tonne65% Fe Brazil-origin fines, cfr Qi...Read More

Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More

China's domestic rebar prices maintained the upward trend on Friday September 3, with demand picking up ahead of the weekend.DomesticEastern China (Shanghai): 5,270-5,300 yuan ($816-820) per tonne, up by 50-60 yuan per tonneNorthern China (Beijing) weekly assessment: 5,140-5,170 yuan per tonne, up by 120-130 yuan per tonneBuyers raised procurement rates for consumption in the coming weekend, pushi...Read More

Base metals prices were mixed during the morning session on the London Metal Exchange on Friday September 3, with aluminium and lead trending downward after holding high levels earlier this week, and copper prices increasing.Three-month aluminium lost $14 from Thursday's closing price to $2,681 per tonne. It reached a year-to-date high of $2,734.50 per tonne on Thursday, but failed to hold those l...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday September 3, but overall the picture is one of consolidation ahead of today's employment report from the United States.China's Caixin services PMI dropped to 46.7 in August, from 54.9 in July, switching from expansion to contractionThe US Dollar Index continues to retreat Base metalsTh...Read More

Key data from Fastmarkets' pricing sessions in India, Europe, China and the United States on Friday September 3.ChinaSpot silico-manganese and ferro-manganese prices surged, with looming supply concerns after Guangxi province ordered production restrictions early in the week. The strong performance of silico-manganese futures increased bullish sentiment.Hebei Iron & Steel Group (HBIS) set its...Read More

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

Key data from Fastmarkets' pricing session on Friday September 3.Key drivers September has been a busier month with plenty of activity so far with a pick-up in spot demand following the summer lull. The bottom end of the alloy grade market regained...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, in-whs Rotterdam, $/lb at...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.....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 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.Read More

Rebounding exploration activity has propelled Major Drilling's (TSX: MDI) revenues and earnings to a nine-year high. In the company's first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million - up 69% from the same period last year - and net earnings of $11.1 million, or $0.14 per share. In Canada and the U.S., the compan...Read More

Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce.Global copper supply is dominated by mining giants, with the top ten companies making up for more than half of the world's output.In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent...Read More

Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern Alaska, which will likely provide the final data needed for an optimized mine plan at the 39 million ounce gold asset.The primary objective of the 2021 drill program is to complete necessary wo...Read More

Western Australia-focused Orminex (ASX: ONX) is acquiring Nippon Dragon Resources' (TSXV: NIP) interest in two gold projects in Canada's Abitibi region.The projects - Rocmec, 35 km west of Rouyn-Noranda, and Denain, 60 km east of Val d'Or - are situated about 230 km apart along Highway 117."The increased level of activity we see from both small and large cap companies in the Abitibi region of Onta...Read More

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has upped its interest in Candelaria Mining (TSXV: DCAND; US-OTC: CDELF), with an additional $6 million investment bringing its ownership in the Mexico-focused junior up to 19.6% from 7.8% on a partially diluted basis.Agnico Eagle's total holding in Candelaria is now 23.45 million common shares and 6.67 million warrants.Candelaria owns 100% of two advanced...Read More

As the world watched the Taliban assume control of Afghanistan this summer and the U.S. withdraw its last troops from the war-torn country, another conflict, thousands of kilometers away in the sub-Saharan Sahel region of West Africa, continued to claim victims in the tri-border region of Burkina Faso, Mali and Niger.Last month there were attacks on civilians in Burkina Faso, Mali and Niger by mil...Read More

Major mills in China paid higher prices for domestic scrap amid bullish sentiment in the finished steel markets on Friday September 3, providing support for imported scrap spot prices, sources told Fastmarkets. Chinese domestic buy prices rebound, keep import prices supportedMajor Vietnam holiday dampens spots liquiditySouth Korea books New Zealand scrapChinaThe purchase prices for domestic steel...Read More

Taiwanese steel mills have shifted their buying focus toward bulk Japanese H1&H2 (50:50) scrap in light of the shortage of containerized heavy-melting scrap (HMS) 1&2 (80:20) from the United States West Coast.Bids increased to $465-468 per tonne cfr Taiwan on Friday September 3, up from $460-465 per tonne cfr Taiwan mid-week.There was a transaction concluded at $465 per tonne cfr Taiwan earlier in...Read More