Prices for seaborne iron ore concentrate increased again in the week ended Friday January 22, supported by tight supply and strong demand for high-grade products amid steelmaking restrictions to cut emissions.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $194.69 per tonne, up $1.35 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $229.26 per tonne, down $0.02 per tonne.Key driver...Read More

China's hot-rolled coil prices weakened on Monday January 25, with trading activity slowing down ahead of the Chinese New Year.DomesticEastern China (Shanghai): 4,430-4,470 yuan ($684-690) per tonne, down 10-30 yuan per tonneA Shanghai-based trader said most sellers in the city were offering cargoes at around 4,430 yuan per tonne in the morning, before raising these offers to as high as 4,470 yuan...Read More

Tin and lead's forward prices on the London Metal Exchange had the biggest gains of Monday January 25, with the prospect of a Covid-19 economic stimulus being passed in the United States overshadowing concerns over the extension of lockdowns elsewhere in the world. Tin's three-month price rose by 1.8% on Monday at 9am to $22,360 per tonne, from Friday's closing price of $21,960 per tonne. The pric...Read More

Traxys will market the share of cobalt metal that Wheaton Precious Metals receives from its streaming agreement with Brazil-based miner Vale, Fastmarkets understands.The Traxys deal became effective this month. Canada-based Wheaton is entitled to receive finished cobalt equivalent to 42.4% of future production from Vale's Voisey's Bay mine in the eastern Canadian province of Labrador, under a stre...Read More

Delays to material shipments from China and tightening availability in Europe continued to push manganese flake prices to new highs in the week to Friday January 22.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam climbed 1.6% to $2,800-2,940 per tonne on Friday January 22, up from $2,750-2,900 per tonne mid-week when prices had moved up to that lev...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,...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

Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.The continuing shortage of container and vessel space at Chinese main ports has not eased off so far in January, with market participants active in minerals and metals tr...Read More

Key data from Fastmarkets' pricing session in London on Friday January 22.Key drivers Antimony prices in Europe continued to rally on support from price increases in China - which controls the vast majority of the global supply - and added to shipping delays and the antimony ore shortage. Since 2021 started, the metal has already risen by 18.7% for max...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.United StatesThe US manganese alloys markets continued their uptrend this week while thin available inventory and renewed demand strength continue to drive price strength. Lagging US imports and global production cutbacks have been credited with creating the present shortage of material o...Read More

European traders of manganese alloys have been busy in the past couple of weeks, boosting prices of silico-manganese by almost 20% and of high-carbon ferro-manganese by 10% ahead of expected renewed consumer demand in February, according to trade sources and available industry data. Traders have been gearing up for increased consumer demand since December when European steelmakers saw a surprising...Read More

Key data from the Friday January 22 pricing session in London. Key drivers Prices for ferro-molybdenum and molybdic oxide make small gains after bottoming out midweek. Oxide prices briefly dipped below $10 per lb earlier in the week, triggering renewed buyer interest....Read More

Canada Nickel Company (TSX: CNC; US-OTC: CNIKF) has announced processing test results from its Crawford nickel-cobalt sulphide project in the Timmins-Cochrane mining district. The latest processing data suggests a 52% nickel recovery, with 46% of the recovered nickel splitting into a high-grade nickel concentrate, at 37% nickel. The remaining 54% of the nickel recovered would be destined towards a...Read More

The second batch of reverse circulation exploration results from K2 Gold's (TSXV: KTO) Mojave property in southern California includes near-surface gold intercepts from the Dragonfly zone.Most recent drill highlights included 30.5 metres of 7.18 grams gold per tonne starting at surface. This same hole also hit 16.7 metres of 1.86 grams gold per tonne from 59.4 metres and 9.1 metres of 1.23 grams...Read More

In December the Government of Canada blocked Chinese state-owned Shandong Gold Mining Co. Ltd. from purchasing TMAC Resources and its Hope Bay gold mine in Nunavut. The proposed $230 million dollar investment was blocked by the government on national security grounds following a review under the Investment Canada Act (ICA).Laura RoweThe government did not provide specific reasons for its decision...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldBut thanks to a combination of being so far down that any recovery looks good, and the negative publicity associated wi...Read More

The S&P/TSX Composite Index fell 0.35% to 17,845.91 during the Jan. 18-22 trading week. The S&P/TSX Global Mining Index rose 1% to 105.65, and the S&P/TSX Global Base Metals Index climbed 0.19% to 149.70. Spot gold jumped US$26.90 per oz., or 1.47%, to US$1,855.50 per oz., and the S&P/TSX Global Gold Index rose by 1.34% to 310.90.First Majestic Silver advanced $2.73 to $17.80 per share. The compa...Read More

Here are five Fastmarkets stories you might have missed on Friday January 22 that are worth another look.Import prices for flat-rolled steel in South America softened in the week ended January 22 with some Chinese mills accepting lower bids from clients.Base metals producer Vedanta Resources is seeking a sales...Read More

Ready Set Gold Corp. announces that related to a review by the BrRead full newsRead More

Platinex Inc. reports the results of grab sampling and progress oRead full newsRead More