Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.* 14,205 lots had been traded on the LME by 5.52am London time compared with typical volume of 6,000 lots at this time* Markets seem to be nervous about the measures China’s auth...Read More

Alongside Fastmarkets' annual global ranking of steelmakers by crude steel output in 2020, our correspondents around the world review developments in their regional steel sectors.The year 2020 will forever be remembered as the one in which the Covid-19 pandemic spread globally, impacting every area of life and business. The world's steel industry was no exception, with many of the largest steelmak...Read More

Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.Ukraine still has a significant quota volume available for second-quarterimports into Europe (27.52% or 69,502 tonnes remaining), and one supplier from the country offered material at $860-870 per tonne fob Bl...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipProudfoot Global CEO Pamela Hackett talks 'wrestling chaosSPONSOREDproudfootAntipa set to soar amid Winu and Havieron potentialSPONSOREDantipa mineralsThe company returned 352m grading 0.63% copper, 0.64 grams per tonne gold and 6.7g/t silver for 1.16% copper equivalent wit...Read More

Proudfoot Global CEO Pamela Hackett talks 'wrestling chaosSPONSOREDproudfootAntipa set to soar amid Winu and Havieron potentialSPONSOREDantipa mineralsAzure's Andover nickel shapes as a Pilbara NovaSPONSOREDazure mineralsMcDermitt puts Jindalee at top of US lithium stock-pileSPONSOREDjindalee resourcesHighlights included 63m grading 0.94% copper equivalent in near-surface supergene mineral...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationUnder the "strategic alliance", the duo said they intended to acquire copper exploration assets on a 50:50 ownership basis with a view to finding partners to further advance the projects.Read More

Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More

Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More

Seaborne iron ore prices mostly edged upward on Tuesday June 15 despite limited liquidity and the downtrend in the financial markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $221.87 per tonne, up by $1.10 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.09 per tonne, up by $1.47 per tonne58% Fe fines high-grade premium, cfr Qingdao: $194.60 per tonne, down by $0.62 per tonne65% F...Read More

The seaborne premium hard coking coal price was flat in the cfr market amid weak buying activity but inched up in the fob market with firm demand on Tuesday June 15, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $172.27.30 per tonne, up $0.51 per tonnePremium hard coking coal, cfr Jingtang: $283.29 per tonne, flatHard coking coal, fob DBCT: $153.43 per tonne, flatHard coking...Read More

Base metals prices were all in decline during morning trading on Monday June 15, with copper experiencing the most significant fall after the Chinese markets reopened and futures prices were sold.LME copper's three-month price fell to an intraday low of $9,623.50 per tonne, the lowest since April 27 and a 3.5% decrease from $9,971.50 per tonne at Monday's close. As of 9am, LME three...Read More

China's domestic rebar prices retreated on Tuesday June 15 amid lower transaction volumes as a result of a mixed outlook for supply and demand.DomesticEastern China (Shanghai): 5,050-5,080 yuan ($789-793) per tonne, down by 20 yuan per tonneSome market participants expect an iron ore mine accident in Shanxi last week to lead to a nationwide inspection to ensure industrial safety, including for ste...Read More

The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...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 grade, in-whs...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...Read More

This week's episode features a Thought Leadership segment with Orefinders Resources CEO and director Stephen Stewart in conversation with Northern Miner reporter Henry Lazenby. Stephen discusses Mistango's recent deal with Kirkland Lake Gold and future prospects for Mistango and Orefinders in the Kirkland Lake district in Ontario.Stephen is the CEO and Director of Orefinders Resources and QC Cop...Read More

The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce. Vale fell US5 ? to US$22.40 per share. A Brazilian Labour Court has ordered the company to pay individual compensation of R$1 million (US$200,000) for moral damages to families of workers killed in the B...Read More

The S&P/TSX Venture Composite Index slipped 0.17% to finish the trading week at 979.70. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce.Callinex Mines climbed 74 ? to $4.03 per share. The company announced the latest drill results from its 30,000-metre drill program at its Rainbow deposit. The deposit, which contains copper, gold, silver and zinc, lies within its 100%-owned...Read More

The S&P/TSX Composite Index rose 0.55% to 20,138.35 during the June 7-11 trading week. The S&P/TSX Global Mining Index slipped 0.79% to 113.61, and the S&P/TSX Global Base Metals Index dropped 0.94% to 174.31. Spot gold decreased by US$14.20 per oz., or 0.75%, to US$1,877.80 per oz., and the S&P/TSX Global Gold Index fell 0.54% to 325.62.Nutrien climbed 94 ? to $78.91 per share. The company annou...Read More

Price arguably similar to earlier deal involving broadly similar project, give or takeRead full newsRead More