Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.But base metals prices on the Shanghai Futures Exchange were generally stronger this morning while they tracked the gains seen on the LME on Friday, which came despite the disappointing data from the United States...Read More

Turkish steelmakers made no new deep-sea bookings on the first day of the working week, but two deals made last week came to light on Monday September 6.Overall demand for deep-sea scrap remains limited and finished steel sales are still sluggish, according to market sources."I don't expect demand for scrap to recover this week. Finished steel sales are still limited in the domestic and export mar...Read More

Turkish domestic scrap prices dropped over the past week amid weakening imported scrap values, market participants told Fastmarkets on Monday September 6.Turkish mills continued their deep-sea scrap purchases last week, albeit at a slow pace.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $ 440.25 per tonne on Friday September 3,...Read More

Seaborne coking coal prices across the board in both fob and cfr markets jumped on Monday September 6 on sustained tight supply and good overseas demand, reaching new highs since Fastmarkets established its coking coal indices. And the ninth round of Chinese domestic coke price hikes since the start of August was fully executed.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $450.61 per...Read More

Seaborne iron ore prices fell on Monday September 6, due to Chinese authorities taking a stricter stance against steelmakers on steel production curbs and the start of sintering restrictions, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $132.38 per tonne, down $12.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $133.02 per tonne, down $12.28 per tonne58% Fe fines high-gra...Read More

China aims to increase domestic iron ore concentrate output by 100 million tonnes during the 14th five-year plan ending 2025, the China Iron and Steel Association (Cisa) said on Saturday September 4.Cisa vice chairman Luo Tiejun also said China aims to intensify exploration of overseas iron ore resources and drive the development of high-quality iron ore projects such as the Simandou project in Af...Read More

Prices for seaborne iron ore concentrate fell, while pellet prices increased in the week to Friday September 3, but demand weakened over concerns about further steel production cuts in more provinces in China, sources said.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $164 per tonne, down $1.97 per tonne.Iron ore pellet premium over 65% Fe fines, cfr China: $33.70 per tonne, down $0...Read More

A summary of Belgian antimony chemicals producer and lead recycler Campine's financial results in the first half of 2021, published Thursday September 2.In briefCampine attributed the increased sales and profit to the global post-pandemic recovery and increasing raw material prices - particularly antimony, the key metal in Campine's specialty chemicals division.Campine's revenue amounted to ?,?106...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...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 23.50-24.40...Read More

Domestic prices for cobalt metal in China have strengthened since mid-August despite weak downstream demand due to tightening supply and high production costsFastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was at 360,000-383,000 yuan ($55,775-59,338) per tonne last Friday September 3, up by 3,000-5,000 yuan per tonne from 355,000-380,000 yuan per tonne on September 1. Prices...Read More

The S&P/TSX Venture Composite Index rose 40.77 points or 4.60% to finish the August 30 to September 3 trading week at 932.22. Spot gold climbed 0.60% or US$10.80 per oz. to US$1,827.60 per ounce.Shares of ISOEnergy jumped $1.43 to $4.00. The uranium exploration company announced that it had completed a 12-hole (4,428 metre) drill program at its Geiger property in Saskatchewan's Athabasca Basin, ab...Read More

The S&P/TSX Composite Index rose 176.80 points or 0.86% to finish the August 30 to September 3 trading week at 20,821.40. The S&P/TSX Global Mining Index fell 0.92 points or 0.87% to 104.40 and the S&P/TSX Base Metals Index dropped 0.32 points or 0.19% to 170.63. The S&P/TSX Global Gold Index rose 2.78 points or 0.96% to 293.97 and spot gold rose US$10.80 per oz. or 0.60% to US$1,827.60 per ounce....Read More

The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or 0.58% to 4,535.43. Spot gold rose US$10.80 per oz. or 0.60% to US$1,827.60 per ounce.Shares of Alcoa jumped US$3.08 to US$47.21. The company announced on August 31 that its wholly owned subsidiary, Alcoa Nederland Holding B.V, will...Read More

Battery Mineral Resources (TSXV:BMR) has released initial drill core assay results from the ongoing 2021 exploration and in-fill drill program at its recently acquired cornerstone asset, Minera Altos de Punitaqui (MAP), an integrated copper mining complex in the Coquimbo region of Chile, about 30 miles south of Teck Resources' (TSX: TECK.A/TECK.B; NYSE: TECK) Andacollo copper mine.Drilling retur...Read More

Ongoing steel production cuts in China could be extended beyond December to March 2022 to combat pollution during the winter heating season and in the lead-up to the Beijing Winter Olympics 2022, according to a notice sent to major market participants on Monday September 6.The notice, which is seeking feedback on a set of draft measures, said that mills in the key steelmaking belt of Beijing-Tianj...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesRising nationalismSPONSOREDswannThat was the price of the lightweight metal in early 2008 as Rio Tinto was being feted by investors for its acquisition six-months earlier of the Canadian-based...Read More

A mountain of lead is accumulating in China.Read full newsRead More

The trading price of Harmony Gold Mining Company Limited (NYSE:HMY) closed lower on Tuesday, August 31, closing at $3.78, -0.26% lower than its previous close.>> 7 Top Picks for the Post-Pandemic EconomyRead full newsRead More

The trading price of Harmony Gold Mining Company Limited (NYSE:HMY) closed lower on Tuesday, August 31, closing at $3.78, -0.26% lower than its previous close.>> 7 Top Picks for the Post-Pandemic EconomyRead full newsRead More