Zinc concentrate treatment charges (TCs) edged higher in mid-June, with more material from mines in China and elsewhere boosting supplies, while the power cut problems that affected smelters in Yunnan province are seemingly resolved.Terms rise with smelters well-coveredTenders hit solid market prices Mining output rise boosts supplyFastmarkets' zinc spot concentrate TC, cif China rose to $70-85 pe...Read More

The three-month price of copper was down 0.6% from Friday's close on the morning of Monday June 14, while most other prices on the London Metal Exchange rose despite low traded volumes due to public holidays in China and Australia.The three-month copper price was at $9,943 per tonne on Monday at 9am, falling from $10,003.50 per tonne at Friday's close, which was the first time the metal had closed...Read More

Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions. Broader markets generally upbeat with some, including the S&P 500 Index, near record highs. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sure that central...Read More

Flat steel producer HBIS Group Serbia plans to restart its blast furnace No1 on August 16 this year, the company said on Monday June 14.The furnace was shut down on July 5, 2020, due to "the [Covid-19] pandemic... and the market situation that prevailed at that time," the steelmaker said.The majority of European flat steel producers had idled equipment or reduced their output...Read More

Brazilian domestic flat steel prices increased in June and local steelmakers have announced another round of price rises for July. Brazilian flat steel producers successfully applied price increases for all their products, mainly because of low competition from imported material and higher costs. Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil wa...Read More

Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing with the country's securities and exchange commission, CVM, on Monday June 14.The BF has capacity to produce 660,000 tonnes per year of crude steel and will be reignited as a result of Brazil's steel cons...Read More

The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises. Most local producers were still holding back their offers for July, although sources told Fastmarkets they expect a rollover of the latest prices. Tula Steel was heard offering rebar to...Read More

Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions.* Broader markets generally upbeat with some, including the S&P 500 Index, near record highs.* US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sure that centra...Read More

(Corrects paragraph 3 to show Ganfeng has a project in Mexico,not Canada) * Goulamina stake firm's first foray into Africa * Mali government has right to take 10% for free * Firefinch says mine has high-quality lithium asset By Tom Daly June 14 (Reuters) - Ganfeng Lithium Co , one of the world's biggest lithium producers, said onMonday it would pay $130 million for a stake in the Goulaminahard-roc...Read More

Turkish domestic auto bundle scrap prices rose in the week to Monday June 14, following increases for imported scrap prices, sources said.Steel producers in Turkey booked at least five deep-sea cargoes in the week to June 14, with another cargo heard booked following the closure of the indices on Friday.The most recent deal was done on Friday by a steel mill in the Iskenderun region, whi...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points in pre-opening trade.Novavax gained $22.32 to $232.00 after announcing successful results from its Stage 3 COVID 19 tests.Chipotle added $19.20 to $1,386.00 after Raymond James upgraded the stock from Outperform to Strong Buy.Biogen gained $0.23 to $396.87 after Truist raised its target price from $458 to $647....Read More

Turkish steel mills had a quiet start to the week on Monday June 14, with no new cargo bookings heard due to uncertainty in the finished steel markets, market participants said.On Friday, another cargo was heard booked following the closure of the indices, according to sources.A steel mill in the Iskenderun region booked a Canadian cargo comprising 17,500 tonnes of heavy melting scrap 1&2 (95:5) a...Read More

There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More

Seaborne coking coal prices in the fob market rose on Monday June 14 amid firm buying interest for July-laycan cargoes from Australia and limited supply in the physical spot market, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $171.76 per tonne, up by $2.54 per tonnePremium hard coking coal, cfr Jingtang: $283.29 per tonne, unchangedHard coking coal, fob DBCT: $153.43...Read More

Seaborne iron ore concentrate, and pellet prices continued to rise in the week ended Friday June 11 on gains in the futures market.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $62.80 per tonne, up $2 per tonne66% Fe concentrate, cfr Qingdao: $237.13 per tonne, up $5.12 per tonne65% Fe blast furnace pellet, cfr Qingdao: $297.69 per tonne, up $6.70 per tonne Key driversTh...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...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....Read More

The European ferro-silicon market moved up by almost 5% over the week to Friday June 11, with new deals reported by both traders and producers amid tight domestic supplies, limited replacement options from overseas and steady demand, according to trade sources.There has been reduced domestic production in Europe since Ferroglobeidled its production in late 2019, with only a small amount of output...Read More

Teck Resources (TSX: TECK.A/TECK-B; NYSE: TECK) is preparing to double its copper output by 2023 to take advantage of accelerated metal demand from global economic growth and the transition to a lower-carbon economy, president and CEO Don Lindsay tells The Northern Miner.The mining executive says Teck is well-positioned to benefit from the anticipated growth in global copper demand of 2.3 times by...Read More

Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) is well-positioned to capitalise on the growing market interest in a vibrant and growing mining sector in Ecuador, president and CEO Christian Kargl-Simard says.The renewed interest in the jurisdiction comes at a time when other more traditional South American copper jurisdictions deal with question marks over their status as top-tier resource investment...Read More