Bolstered by historically low treatment charges (TCs) for copper concentrates and a strong base price for the red metal, Canadian producer Capstone Mining aims to be debt-free in 2021 and to hit 200 million pounds of copper production in 2022.Capstone - which operates the Cozamin mine in Zacatecas, Mexico, and the Pinto Valley mine in Arizona, in the United States - is aiming for 40% higher produc...Read More

The London Metal Exchange base-metals complex finished the week to Friday January 22 on a broadly positive note, with most metals prices up from their Monday levels, albeit trading sideways from Thursday.Tin's three-month price showed the biggest rise of the week from Monday's closing price. Friday's 5pm price was $21,960 per tonne, up by 2.4% from Monday's closing price of $21,235 per tonne, but...Read More

An overview of the new energy materials markets and their price moves from the past week.Read More

The copper concentrate market continued to be active this past week although treatment and refining charges (TC/RC) were unchanged after a marked drop two weeks ago. What you need to know High swells in Chile causing disruptions to January shipments there. Smelters in China continue to buy at lower levels, especially for March. Traders continue sharp bets on small tonnages tendered...Read More

Statistics released by the International Aluminium Institute on Thursday January 21 showed that global monthly aluminium production in December 2020 rose by 4.22% year on year.The total global production of primary aluminium in December was estimated to be 5.67 million tonnes, at a daily rate of 182,900 tonnes. The daily average production rate slipped by 0.33% month-on-month from November.Estimat...Read More

A summary of China's battery raw materials exports for December 2020.In brief Exports of cobalt tetroxide rose amid the continuous recovery of manufacturing activities and demand for batteries used in consumer electronics outside China. Lithium carbonate exports decreased both on a monthly and yearly basis due to no improvement in overseas demand. Lithium hydroxide exports increased on a monthly a...Read More

A summary of China's battery raw materials imports for December 2020.In brief Imports of cobalt metal rose amid a surge in import profits when the price in China started to rally in mid-December and the price in Europe was stable due to slow activities during the Christmas and New Year Day holidays. Lithium carbonate imports continued to grow year on year amid strong demand from China, driven by c...Read More

Base metals producer Vedanta Resources is seeking a sales partner in Europe to sell the copper rods produced at its Fujairah Gold venture in the United Arab Emirates (UAE), it said.Fujairah Gold produces 100,000 tonnes per year of continuous cast copper rod, a company announcement on social networking site LinkedIn said on Thursday January 21. The move is part of Vedanta's effort to diversify...Read More

Prices for cold-rolled and galvanized steel sheet in the United States climbed again - extending their historic highs - after buyers reported further challenges in competing for what little spot tonnage is offered by mills.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $64 per hundredweight ($1,280 per short ton) on Thursday January 21 from $63 per cwt on Janu...Read More

Look beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe raising, which will see 10 million shares issued at 6.6p/sh, follows Read More

(Updates prices) LONDON, Jan 22 (Reuters) - Copper fell on Friday alongsidestock markets and oil prices as poor economic data and newcoronavirus restrictions in China, the world's biggest rawmaterials consumer, weakened the outlook for economic growth anddemand.But losses eased after U.S. factory figures showed activitysurging to its highest level in nearly 14 years in earlyJanuary. Benchmark copp...Read More

Hot-dipped galvanized (HDG) coil prices decreased in Turkey's export and domestic markets in the week to Friday January 22, amid slow to moderate buying, sources told Fastmarkets.Buyers were cautious because prices for hot-rolled coil, the base product for coated coil, have decreased recently and they want to see if that would affect coated coil prices.Fastmarkets assessed steel hot-rolled coil, d...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesAdjusted EBITDA for Q4 jumped to its highest level in over a year to US$361m - up 27% q-o-q - but was below US investment bank Jefferies estimates of $401 million.Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.Republicans in US Congress are thought to be willing to work with President Joe Biden on his $1.9 trilli...Read More

Poland's rebar producers closed their February rebar sales at increased prices and are now trying to push through new increases but buyers are resisting, claiming that demand is not enough to support it, sources told Fastmarkets on Friday January 22.Fastmarkets' weekly price assessment of steel reinforcing bar (rebar), domestic, exw Poland was set at 2,950-3,000 zloty ($790-803) per tonne on Frida...Read More

Honeywell (HON), a Dow Jones Industrial Average stock moved below $204.85 completing a double top pattern. IBM ((IBM) moved below support at $121.72 after reporting lower than consensus fourth quarter revenues. Raytheon Technologies (RTX), an S&P 100 stock moved below $67.78 completing a double top pattern. Pre-opening Comments for Friday January 22ndU.S. equity index futures were lower this m...Read More

Buyers of steel scrap in global markets were holding back from purchasing new cargoes in the week to Friday January 22, amid a sharp decline in prices and with more material being offered, and were hoping to re-enter the markets only after they have hit a bottom.Turkish import prices slump following fresh dealsUS sales to Turkey, Bangladesh show weaker pricesLower offers from Japan keep Vietnam bu...Read More

The price range for UK-origin light iron has widened downward in the week ending Friday January 22, with the lower end of the range falling because weaker export prices into traditional markets have put pressure on domestic prices in Britain, trade sources said.This downward pressure was mitigated, however, by relatively tight supplies coming into yards, as a result of reduced arisings from the au...Read More

The export market for pig iron from the Commonwealth of Independent States softened during the week to Thursday January 21 on buyers' pessimism amid a falling scrap market, sources told Fastmarkets.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $540-555 per tonne on Thursday, widening downward from $550-555 per tonne fob previously."The s...Read More

The price of shredded steel scrap imported into India and Pakistan plunged by more than $50 per tonne on Friday January 22, following a sharp correction in the international scrap market, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $430.83 per tonne on Friday, down from $480.38 per tonne a week earlier.There wer...Read More