Mexican ferrous scrap prices continued to rise in the week ended Friday December 18 amid supply constraints and rising global prices.Most market participants reported price increases of 200 pesos ($10) per tonne in both regions assessed by Fastmarkets, but there were reports of price increases varying between 50 and 450 pesos per tonne, depending on buyer and grade. A few buyers kept prices stable...Read More
Intuitive Surgical (ISRG), a NASDAQ 100 stock moved above $713.07 to an all-time high extending an intermediate uptrend. Workday (WDAY), a NASDAQ 100 stock moved above $248.75 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Tuesday December 22ndU.S. equity index futures were higher this morning. S&P 500 futures were up 7 points following news that U.S Congr...Read More
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 materials in the domestic market.On Friday December 18, Russia's Ministry of Economic Development approved an amendment to its export duty on ferrous steel scrap exports to 5% with a minimum level at ?,?45 per tonne, according to a statement...Read More
The premium hard coking coal in the fob market continued to be active while the seaborne premium hard coking coal cfr price began to lose its price advantage over its Chinese domestic counterpart on Tuesday December 22. Fastmarkets indices Premium hard coking coal, fob DBCT: $102.68 per tonne, up $0.29 per tonne Premium hard coking coal, cfr Jingtang: $190.20 per tonne, unchanged Hard coking coal,...Read More
Seaborne iron ore prices fell from their record highs on Tuesday December 22, after the market began "cooling off" following the introduction of new counter-speculation measures at the Dalian Commodity Exchange (DCE), sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $164.53 per tonne, down $11.92 per tonne62% Fe low-alumina fines, cfr Qingdao: $165.07 per...Read More
Nickel's three-month price on the London Metal Exchange was down by 1.6% during morning trading on Tuesday December 22, with the rest of the complex mostly trading lower given the spread of a new variant of Covid-19 across Europe. The LME nickel price was the most affected on Tuesday morning, dropping to $16,980 per tonne from Monday's 5pm close of $17,267 per tonne.The stainless-steel additive st...Read More
China's domestic rebar prices continued to surge on Tuesday December 22 to reach their highest in three years, though the gains have resulted in sparse trading in the market.DomesticEastern China (Shanghai): 4,680-4,700 yuan ($715-718) per tonne, up by 100 yuan per tonneSellers raised prices in response to early gains made in the futures market.The most-traded May rebar contract on the Shanghai Fu...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
China's Dalian Commodity Exchange (DCE) has tightened its limits on the opening of positions to 2,000 lots per day for non-brokerage members or clients on all iron ore futures contracts from Tuesday December 22.In an announcement on Monday evening, it said it would restrict the opening of positions - both long and short - to 2,000 lots per day on all iron ore futures contracts for such members and...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...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
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 latest forecasts from Fastmarkets' team of analysts is ready to view.Prices of stainless steel are generally set to reach highs for the year as 2020 comes to a close. For the most common nickel-containing grades of stainless steel, this upward trend is being driven above all by rising nickel prices, which themselves are hitting relatively high levels into the end of 2020.The price increases si...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has secured $10 million in government funding that will allow it to accelerate the development of its cobalt refinery in Ontario, 600 km from the U.S. border. Under the funding arrangement, the Canadian federal government has agreed to provide a $5 million interest-free loan to the company, while the government of Ontario will give a $5 million non-repayab...Read More
"IL EST MORT! He is dead!" At least that was the verdict of five French doctors who were on their way to a medical convention on the Paris to London Eurostar train in 2014, when they briefly examined "the body" of Stephen G. Roman, Global Atomic's (TSX: GLO; US-OTC: GATF) founder, chairman and CEO."I was on my way to meetings in London after visiting our uranium properties in the Republic of Niger...Read More
The Canadian government has rejected Shandong Gold Mining's bid to acquire TMAC Resources (TSX: TMR), the companies said.In a filing to the Shanghai Stock Exchange, Shandong Gold said it had received notice of a decision made by Canadian authorities on Dec. 18, based on the Investment Canada Act.Shandong agreed to buy the company for about US$150 million in May, but in October TMAC said it had...Read More
This week's episode features Integra Resources president and CEO George Salamis, who discusses the latest technological breakthroughs in mining and how Canada can strategically rebuild its economy after the coronavirus pandemic. George also shares his thoughts on bitcoin, gold and inflation.All this and more with host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Western Sky", "Weste...Read More
Fitch Solutions forecasts global copper mine production to increase by an average annual rate of 3.7% over 2021-2029.Read full newsRead More
Peak Fintech Group (CSE:PKK) has entered into a solution provider and data-sharing partnership with e-commerce giant, Pinduoduo.Read full newsRead More
Investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinized, to report transparently and take concrete steps to curb them after a rally in prices this year drew closer attention to the sector's footprint.Read full newsRead More