Prices for steel scrap imported into China were unchanged for a fourth consecutive day on Wednesday June 9 despite the June Kanto Tetsugen auction result inching up by ?362 ($3) per tonne from last month.The Kanto Tetsugen, which is a cooperative of scrap dealers in the Tokyo region, closed its monthly H2-grade scrap export auction on Wednesday with the winning bid price at ?49,195 per tonne fas...Read More

A major Japanese steelmaker will hike its offers for August-shipment hot-rolled coil amid tight supply and high raw materials prices, a source close to the company told Fastmarkets.The steelmaker will increase its offer to $1,100-1,200 per tonne cfr Southeast Asia, widening up by $50 per tonne compared with July-shipment materials. It will also increase its offer to $1,200-1,300 per tonne cfr to o...Read More

-Company on track to complete CK Gold Project Pre-Feasibility Study-Inclusion in the index could lead to greater institutional and ETF awareness and increased overall liquidityELKO, Nev., June 9, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced that it has been added to the Russell Microcap (R) Index as part of the...Read More

China's domestic hot-rolled coil prices trended higher on Wednesday June 9 amid a rallying futures market sparked by concerns over the supply of raw materials.DomesticEastern China (Shanghai): 5,530-5,550 yuan ($865-868) per tonne, narrowing upward by 30-80 yuan per tonne.The most-traded HRC futures contract on the Shanghai Futures Exchange reached an intraday high of 5,400 yuan per tonne on Wedne...Read More

Nickel gained the most in percentage terms during morning trading on the London Metal Exchange on Wednesday June 9, while other base metals were mostly unchanged from Tuesday at high levels.The LME three-month nickel price reached $18,130 per tonne on Wednesday morning, up from its previous close at $17,942 per tonne. The contract rose to a three-month high of $18,475 per tonne on June 3 - its hig...Read More

China's domestic rebar prices picked up on Wednesday June 9 as a result of futures gains leading to stronger demand, market sources said.DomesticEastern China (Shanghai): 4,960-5,000 yuan ($776-782) per tonne, up by 40-50 yuan per tonneRebar futures staged a slight rebound on Tuesday and Wednesday, following a large drop on Monday, which market participants said was a "reasonable price change".The...Read More

LME base metals have looked tired, having lost their upward momentum in the past few days, but underlying support looks plentiful, with all the base metals on the SHFE being in positive territory this morning, Wednesday June 9. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sanguine that central banks will not rock the boat anytime soon......but will...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More

An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Cristina Belda...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, in-whs Rotterdam, $/lb at 19.80-20.60 on Wednesday...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...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

Silicon market participants have downplayed the effect on prices of a fire and subsequent explosion a Hoshine Silicon's 997 siloxane packaging facility in Xinjiang Uygur autonomous region on Tuesday June 8. The incident at the facility in Shihezi economic and technological development zone was brought under control within an hour. Hoshine's main products include industrial silicon (553 grade) and...Read More

A summary of the financial results for Austrian steelmaking group Voestalpine over its business year 2020/21, covering the period from April 1, 2020, to March 31, 2021.In brief The business year 2020/21 was marked for Voestalpine by an economic downturn of historic proportions. In the April-June quarter, there was a massive drop in demand in almost all customer sectors. But demand for Voestalpine...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday June 9. Key drivers Prices for both ferro-titanium and scrap have held in the past week despite quiet trading activity against expected renewed steelmaker demand and tight supplies respectively.Steelmakers are expected to fulfil their quotas of feedstock to meet their smelting schedules for the next quarter, with renewed demand for...Read More

Integrated vanadium producer Largo Resources (TSX: LGO; OTCQB: LGORF) is charting a course towards capturing 3% or about 1,400 megawatt-hours of the long-duration energy storage battery market by 2025, company executives said during the company's first 'battery day' presentation this week.Largo, which had spun out Largo Clean Energy in December to provide long-duration vanadium redox flow battery...Read More

Canada's Ivanhoe Mines (TSX: IVN) has inked deals with China's Zijin Mining's subsidiary and trader Citic Metal to sell each 50% of the copper production from the recently-launched first phase of its Kamoa-Kakula mine in the Democratic Republic of Congo (DRC).The copper concentrate and blister copper off-take agreements will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining...Read More

Cornish Metals (TSXV: CUSN; LON: CUSN) posted on Wednesday an updated resource estimate for its South Crofty tin-copper project in Cornwall, southwest England, as it moves to closer to reopening the past producing mine.The Canadian miner, formerly known as Strongbow Explorations, said additional sampling showed a 10% increase in indicated resources to 2.08 million tonnes in both the lower mine a...Read More

Copper cathode premiums fell even further for shipments into China, while US rates remained high in the latest assessments on Tuesday June 8. A firmly closed arbitrage window sent Fastmarkets premiums down further in China.  US premiums are stable at high levels, supported by high costs and good demand. China's low premium dents spot activity; SEA market flat There was minimal spot interest...Read More