An environmental report on the project, required to allow the 2,400-acre land swap to proceed, was published in January in the final days of the Trump administration.Read More

Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningCaerus has agreed heads of terms on a £300,000 (US$ 417,500) deal to acquire Cypru...Read More

A worker employed by a service provider was fatally injured from a fall while working at height.Underground mining had been suspended while an investigation was completed."Hoisting activities resumed on June 23 and production has since returned to normal levels," Hudbay said last week.It did not mention any impact on production guidance.Its Manitoba operations, comprising Lalor and 777, were expec...Read More

Domestic prices for steel rebar in Russia's Central Federal district around Moscow rose in the week to June 28 on increased offers from local mills, sources told Fastmarkets.July offers from NLMK were heard at 72,500 ($1,004) roubles per tonne, up from 69,500 for June.Severstal was offering July-delivery rebar at 75,000 roubles per tonne cpt, sources said, unchanged from June.Tula Steel offered re...Read More

China's Hebei Iron & Steel Group (HBIS) and South Korea's Posco have signed a deal to establish a joint venture to produce automotive steel plate in China, according to a report from HBIS' official WeChat account published on Friday June 25. The planned new plant will have capacity to produce 900,000 tonnes per year of...Read More

Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningDeep-South said it intended to "vigorously contest this decision by all means necessary"...Read More

Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed.The spread of the Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa is causing concern about a 4th wave.Base metalsLME three-month base metals prices, with the exception of tin that was untraded, were down acro...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points in pre-opening trade. General Motors added $0.05 to $60.35 after Honda announced plans to manufacture its first two fully electric vehicles in North America on General Motor's platform.Boeing (BA $248.38) is expected to open lower after the FAA raised safety concerns over the new Boeing 777x aircraft. Certifica...Read More

Turkish steel producers made no deep-sea scrap bookings on the first day of the working week, but are expected to return to the market for August cargoes soon, market sources said on Monday June 28.The most recent deal was done on Thursday June 24, when a steel mill in the Izmir region booked a United States cargo at $499 per tonne cfr on heavy melting scrap 1&2 (80:20) basis and $519 per tonne cf...Read More

Iron ore prices increased on Monday June 28 even while market participants prepare for stricter restrictions on sintering, blast furnace operations and transportation of raw materials from June 29 to July 1 in certain areas in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $218.62 per tonne, up $2.17 per tonne 62% Fe low-alumina fines, cfr Qingdao: $220.77 per tonne, up $2.02 per t...Read More

Seaborne coking coal prices inched up in the cfr market on Monday June 28 on positive market sentiment following the bullish domestic coking coal market, while the fob market stayed largely stable to start the week. Fastmarkets indices Premium hard coking coal, fob DBCT: $183.82 per tonne, down $0.29 per tonne Premium hard coking coal, cfr Jingtang: $306.50 per tonne, up $2.36 per tonne Hard cokin...Read More

Seaborne iron ore concentrate and pellet prices fell in the week ended Friday June 25 due to a weaker demand outlook for steel, sources said. Fastmarkets iron ore indices Pellet premium over 65% Fe fines, cfr China: $62 per tonne, down $0.40 66% Fe concentrate, cfr Qingdao: $241.32 per tonne, down $1.31 65% Fe blast furnace pellet, cfr Qingdao: $300.81 per tonne, down $4.11 Key drivers Sentiment w...Read More

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 billion rubles ($2.2...Read More

Hot-rolled coil prices in China's domestic market traded within a narrower range on Monday June 28, with talks of production curbs underpinning futures prices.DomesticEastern China (Shanghai): 5,400-5,450 yuan ($836-844) per tonne, narrowing upward by 20 yuan per tonne from 5,380-5,450 yuan.The most-traded HRC contract on the Shanghai Futures Exchange clawed back earlier losses to end the day slig...Read More

China's domestic rebar prices maintained their upward momentum on Monday June 28 on expectations of tighter supply, though demand was affected by rain across regions on the southern side of the Yangtze River.DomesticEastern China (Shanghai): 4,860-4,880 yuan ($752-755) per tonne, up by 10-20 yuan per tonneSteelmakers in China's steel hub of Tangshan in the northern region have been instructed to l...Read More

London Metal Exchange base metals prices were in a consolidation tone on the morning of Monday June 28, after a pick-up during the latter part of last week. Nickel's price was down a slight 0.7% to $18,390 per tonne at 9am from $18,523 per tonne on Friday at the close. The metal was the best performer last week, rising by 6% from last week Monday's closing price of $17,450 per tonne. Nickel's rise...Read More

Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed. Spread of Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa causing concern about a 4th waveBase metalsLME three-month base metals prices, with the exception of tin that was untraded, were down across the boar...Read More

Chinese cobalt producer Hanrui Cobalt has applied to launch an initial public offering (IPO) of its shares on the Stock Exchange of Hong Kong, the company said on Friday June 25.The company aims to strengthen its leading position in the global cobalt industry and deepen upstream and downstream integration amid growing opportunities in the new energy vehicles (NEVs) sector driven by carbon neutral...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 Rotterdam, $/lb at 22.00-22.95 on Monday June...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