Capanema was expected to start up in the second half of 2023."The project will have a production capacity by natural moisture (without tailings generation) of 18Mtpy and in the first years it will bring a net addition of 14Mtpy of capacity to Vale with the expedition through the Timbopeba site," the company said."The start of the construction works of Capanema project marks another important step...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO) ("IsoEnergy" or the "Company") is pleased to announce that it has closed its previously announced bought deal private placement financing pursuant to an agreement with Haywood Securities Inc. (the "Underwriter"), raising aggregate gross proceeds of C$4,000,000 (the "Offering"). Under the terms of the Offering, the Company issued 2,702,703 flow-throu...Read More

Here are five Fastmarkets stories you might have missed on Tuesday December 22 that are worth another look.Russia is set to impose early next year a temporary increase to its export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw...Read More

Shipping problems faced by commodity market participants are likely to get worse ahead of Chinese New Year on February 12, 2021, sources told Fastmarkets.Freight rates for both bulk vessels and containers have soared to record highs in recent months amid a perfect storm of higher global shipping demand and rising crude oil costs.Those involved in the container trade have been particularly hurt, fa...Read More

The Turkish deep-sea scrap import market continued its upward trend with news of a fresh cargo from the Baltic Sea region, sources said on Tuesday December 22.Late on Monday, a steel mill in northern Turkey booked the cargo, comprising 12,000 tonnes of HMS 1&2 (80:20), 6,000 tonnes of plate & structural scrap (P&S) and 5,000 tonnes of a mixture of busheling and oxy plates at an average price...Read More

Base metals prices on the Shanghai Futures Exchange were down across the board this morning, Tuesday December 22, as were most of the metals on the London Metal Exchange, with the exception of tin. Despite the United States Congress finally passing another Covid-19 recovery package, the metals were under pressure after the emergence of a new variant of the virus takes hold, which could increase th...Read More

Atlas Mining's Carmen mining pit collapsed on Monday December 21 after heavy rainfall in recent months was exacerbated by a typhoon that earlier hit the Philippines' Toledo City, the company said. Carmen Copper Corp (CCC), operator of the mine, confirmed that at around 4.15 pm local time on Monday a landslide occurred at the Carmen Pit, CCC's mine operations site. "The incident was traceable to th...Read More

The price of nickel sulfate in China surged to a fresh 2020 high in the week to Friday December 18, boosted by strong gains in the three-month nickel price on the London Metal Exchange, market sources told Fastmarkets.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China at 29,500-31,000 yuan ($4,503-4,732) per tonne on Friday December 18, up by 2,000-2,5...Read More

It's that time of year when we start to think about eggnog, beef Wellington, and last year's stock market predictions. I did pretty well if I say so myself, and that despite being blindsided by COVID-19. You can find my recap here.This year we will stick out our proverbial neck once again and, at the risk of being mocked and ridiculed, give it another shot. Keep in mind predictions have a way o...Read More

The domestic hot-rolled coil price increased day on day in Northern Europe on Tuesday December 22 due to limited supply of the material across the EU.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?665.00 ($811.68) per tonne on Tuesday December 22, up by ?,?4.60 per tonne day on day from ?,?660.40 per tonne on Monday.The index was also up by ?,?28....Read More

Flat steel export prices from the Commonwealth of Independent States increased further in the week to Monday December 21, but trading activity has slowed down.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $710-720 per tonne on Monday, up from $675-700 per tonne a week earlier.HRC offers from one Russian supplier were heard in Tur...Read More

China's hot-rolled coil prices continued to rise during morning trading on Tuesday December 22, building upon the 12-year high reached a day earlier, but prices ultimately dipped during the afternoon session amid inactive trading.DomesticEastern China (Shanghai): 4,980-5,060 yuan ($760-772) per tonne, up 30-80 yuan per tonneA Shanghai-based trader told Fastmarkets that sellers there asked for arou...Read More

Here are five Fastmarkets stories you might have missed on Tuesday December 22 that are worth another look.Russia is set to impose early next year a temporary increase to its export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw...Read More

The base price for hot-rolled special bar quality (SBQ) steel in the United States edged up this month while that for cold-finished SBQ remained flat, but market participants expect higher surcharges to push up prices for all SBQ products starting January 1, 2021.On the hot-rolled side of the market, Fastmarkets' monthly price assessment for steel bar hot-rolled special bar quality 1-inch round 10...Read More

Steel rebar producers in the United Arab Emirates increased their prices on Tuesday December 22, but not by as much as expected due to the limited availability of imports, sources told Fastmarkets.Domestic rebarThe country's steel producers were offering rebar at 2,259-2,295.5 dirhams ($615-625) per tonne ex-works for orders to be produced in January, rising from 1,984,1,985 dirhams ($540) per ton...Read More

Here are five Fastmarkets stories you might have missed on Tuesday December 22 that are worth another look.Russia is set to impose early next year a temporary increase to its export duty on ferrous scrap exports to combat the threat of a shortage of steelmaking raw...Read More

Shipping problems faced by commodity market participants are likely to get worse ahead of Chinese New Year on February 12, 2021, sources told Fastmarkets.Freight rates for both bulk vessels and containers have soared to record highs in recent months amid a perfect storm of higher global shipping demand and rising crude oil costs.Those involved in the container trade have been particularly hurt, fa...Read More

The Turkish deep-sea scrap import market continued its upward trend with news of a fresh cargo from the Baltic Sea region, sources said on Tuesday December 22.Late on Monday, a steel mill in northern Turkey booked the cargo, comprising 12,000 tonnes of HMS 1&2 (80:20), 6,000 tonnes of plate & structural scrap (P&S) and 5,000 tonnes of a mixture of busheling and oxy plates at an average price...Read More

We talk about the Repo Market turmoil and which bank is actually the catalyst of it, QE4 and it's permanency, the difference between shadow banking and derivatives markets and we debate whether or not Bitcoin is cash or is an asset, and lastly his affinity towards blockchain over crypto currencies. We also touch briefly on Veritaseum and Reggie Middleton's SEC case of fraud and his thoughts on the...Read More

Commodities, including gold, have been seeing initial signs of a long-term bull supercycle, said Steve Hanke, professor of applied economics at Johns Hopkins University. 0:00 - Commodities supercycle5:16 - Economic growth6:30 - Inflation and the Phillips Curve11:45 - Geopolitics Read More