International ferrous scrap sales to Turkey have hit $435 per tonne, but export deals from the United States' East Coast remain closely guarded secrets.The US export market is very opaque at the moment. One export source reported that sales were being conducted, but the destinations and prices were protected by confidentiality agreements to prevent export dock prices from overheating.The export so...Read More

The stainless steel scrap market in the United States has strengthened as the year-end approaches, with market participants noting that the stainless and ferrous scrap price jumps this month are very unusual for this time of year, when consuming mills usually reduce their inventories for year-end financials. "I am shocked with all the pricing. This has been one crazy year!" one large dealer said."...Read More

Renewed buying interest from consumers in South Korea and Taiwan has allowed another increase in Japanese export scrap prices over the past week, market participants told Fastmarkets on Wednesday December 16. Prices had already surged last week on the back of a leap in December's Kanto steel scrap auction and robust domestic buy prices, but greater demand from key Asian buyers allowed another...Read More

Seaborne iron ore prices rose on Wednesday December 16 after the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) crossed the 1,000 yuan-mark ($153) to close the afternoon trading session, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $156.45 per tonne, up $1.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $156.71 per tonne, up...Read More

Premium hard coking coal cfr and fob prices diverged further on Wednesday December 16, with the latest transaction for premium low-volatility hard coking coal sealed at $101.50 per tonne fob Australia, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.46 per tonne, down $1.30 per tonnePremium hard coking coal, cfr Jingtang: $182.64 per tonne, up $0.17 per tonneHard coking co...Read More

- 177.5 meters (600 feet) of continuous gold, copper and silver mineralization with an average gold equivalent grade of 1.126 g/t- 2020 drill program was a combination of core and reverse circulation drilling- The twenty-nine hole drill program is designed to advance the CK Gold Project to the Pre-Feasibility Study level- Drill holes were for metallurgical, geotechnical, hydrological and resource...Read More

Global steel prices - which have been surging in recent weeks - will experience some correction in the first half of 2021, according to United Arab Emirates-based galvanized coil producer Al Ghurair Iron & Steel.The question is whether this correction will happen before or after the Chinese New Year, its chief executive officer, Abu Bucker Husain, said at Fastmarkets' Middle East Iron & Steel virt...Read More

LMEpassport, a new digital register for physical metals data, is to be rolled out by the London Metal Exchange in 2021, starting with aluminium and gradually phasing in other metals over the next three years.The digital register - part of a sustainability package that includes a spot trading platform and new contracts - is designed to provide a centralized transparency source, the data from which...Read More

The London Metal Exchange's latest off-warrant stock data showed a month-on-month net rise of 78,092 tonnes of material held outside the LME network over October.Data collected by the LME showed that at the end of October there was 1.83 million tonnes of metal held off-warrant, up 4.3% from 1.81 million tonnes the previous month. This includes 1.6 million tonnes of aluminium, accounting for 85% of...Read More

China's rebar market recovered some losses on Wednesday December 16 amid reports that suppliers in the country were resuming the export of billet amid high international prices for the semi-finished product, though no transactions have emerged yet.DomesticEastern China (Shanghai): 4,160-4,190 yuan ($636-641) per tonne, up by 30 yuan per tonneEnd-user demand was stable during the day like on Monday...Read More

LME nickel was the only metal to see its three-month price fall on the morning of Wednesday December 16, with the other base metals climbing on the prospect of a new Covid-19 stimulus package in the United States.Nickel's price edged down to $17,525 per tonne from Tuesday's closing price of $17,557 per tonne. The metal did reach its year-to-date high of $17,880 per tonne during trad...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday December 16.Key drivers Ferro-titanium has jumped more than 11% during the week to Wednesday December 16 to a peak last seen in January 2013 amid a flurry of orders from consumers in the steel sector, both for prompt shipment and for deliveries in January and February. The titanium scrap markets, where supplies have been getting tig...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...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.Fastmarkets assessed...Read More

Emerging miner Pure Gold Mining (TSXV: PGM; LSE: PUR) has introduced first ore to the mill at its PureGold mine in Red Lake, Ontario. With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter."The introduction of ore to the milling facility reflects the successful culmination of our project buil...Read More

Explorer Surge Copper (TSXV: SURG) has entered into a definitive option agreement with Centerra Gold (TSX: CG) to hold the right to acquire a 70% interest in the Berg porphyry deposit in central British Columbia.Under the terms of the agreement, Surge can earn a 70% stake in the copper-molybdenum-silver project by issuing $5 million worth of its common shares and spending $8 million on the propert...Read More

Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying fellow miner Premier Gold Mines (TSX: PG), which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.The all-stock deal valued at $612 million (US$480 million) hands Equinox Gold Premier's interest in the Hardrock project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in...Read More