Waiting times for aluminium at warehouses across Asia increased throughout January, according to the London Metal Exchange's latest queue report. New queues have emerged in the aluminium hub of Port Klang, Malaysia, with Istim warehouses no longer having the longest wait time. Waiting times for aluminium at Istim warehouses in Port Klang were at 23 days at the end of January, from 20 days at the e...Read More

Fastmarkets will publish its first low-carbon aluminium differentials on Friday March 5, one for primary aluminium (P1020A) and one for aluminium value-added products (VAP). The new pricing mechanisms will bring transparency to the growing industry for low-carbon aluminium products as the market tries to meet increased demand for a sustainable supply chain. The below infographic highlights how the...Read More

Trafigura is set to open an office in Toronto, Canada, to help foster links with mining companies based in the region, sources told Fastmarkets.The office will be helmed by zinc and lead concentrates trader Daniel von Arx, the sources said.Trafigura declined to comment.The eastern city of Toronto acts as a home for the marketing departments of many global mining companies with listings on the Toro...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesOrion's work has verified known resources, and confirmed "outstanding" potential for growth, with exciting potential for strike extensions and high-priority electromagnetic targets located below theRead More

ArcelorMittal and Thyssenkrupp Steel have both recently announced successful testing of methods to reduce carbon emissions in blast-furnace steelmaking via coke gas and hydrogen, the companies have reported separately.ArcelorMittal has completed its coke gas injection project at the Alto B Furnace at its Gij??n operations, Spain. This is intended to reduce its CO2 emissions by 125,000 tonnes per y...Read More

Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesMount Polley, the site of a tailings dam failure in 2014, was suspended in May 2019 "pending improvement of the economics of mining". The mine had produced 2.3 million pounds of copper and 6,147 ounces of gold in the March 2019 quarter, less than half the output of the previous corresponding period, with recove...Read More

Steel production in Turkey in 2021 can return to the level seen in 2017, when the country produced 37.52 million tonnes, according to the Turkish Steel Producers' Association (T???oeD) - but only if the measures imposed to control the Covid-19 pandemic are reduced.Turkey produced 35.76 million tonnes of crude steel in the 12 months of 2020, a 5.99% year-on-year increase from the 35.74 million tonn...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationThe company reported 11m grading 2.79 grams per tonne gold, 4,04% copper and 330.8g/t sil...Read More

Domestic prices for steel hot-rolled coil across Europe were fairly stable over the week to Wednesday February 10, supported by good order books among EU steelmakers and good demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?708.33 ($856.64) per tonne on Wednesday, down by ?,?1.67 per tonne from ?,?710.00 per to...Read More

Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already-strong tin, seeing gains this morning, Wednesday February 10.* Bank loans in China were at new highs in January, with aggregate financing of 5.17 trillion yuan ($802 billion)* Optimism grows while focus is on vaccine rollout and...Read More

Domestic steel rebar prices in Southern Europe continued to slide for the second week in a row amid slow demand and a downtrend in the scrap segment, sources told Fastmarkets on Wednesday February 10. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?595-615 ($722-746) per tonne on Wednesday, down by ?,?5 from ?,?600-620 pe...Read More

The export billet price from the Commonwealth of Independent States region inched up on Wednesday February 10 after a booking to Turkey was heard done at higher levels. A cargo of CIS-origin billet was sold to Turkey at $530 per tonne fob Black Sea, several sources reported to Fastmarkets. This is up by $10-20 per tonne from previous sales heard earlier this month. This took Fastmarkets' daily ste...Read More

EAFE (EFA) moved above $75.75 to an all-time high extending an intermediate uptrend. Shanghai Composite Index moved above 3637.10 to a six year high extending an intermediate uptrend. American International Group (AIG), an S&P 100 stock moved above $42.57 extending an intermediate uptrend. Nvidia (NVDA), a NASDAQ 100 stock moved above $587.49 to an all-time high extending an intermediate uptre...Read More

Turkish scrap import prices rebounded from the bottom with at least two fresh deep-sea transactions, market sources said on Wednesday February 10. A steel mill in the Iskenderun region booked a Baltic Sea cargo, consisting of 18,000 tonnes of HMS 1&2 (95:5) at $399.50 per tonne cfr. And a steel mill in the Marmara region booked a European cargo at $395 per tonne cfr for HMS 1&2 (80:20), although t...Read More

Export prices for Japan-origin steel scrap rose again over the seven days to Wednesday January 10 following a strong result in the Kanto Tetsugen auction and continued buying from China.The highest bid in the auction - which is a cooperative of scrap dealers in the Tokyo region - came in at ?39,271 ($375) per tonne fas on Wednesday.That price was down by ?5,480 per tonne month on month from Janu...Read More

China's Shaanxi Iron & Steel has booked its first-ever imported scrap cargo, the company said this week.Its trading subsidiary Tong Chuan Import & Export booked 5,000 tonnes of steel scrap from Peru, with the cargo due to arrive at Rizhao Port in mid-March.This is the first import business in northwest China since restrictions on imports of ferrous scrap were relaxed."Ferrous scrap...Read More

The fob seaborne premium hard coking coal price fell on Wednesday February 10 after a transaction for premium low-volatility hard coking coal was concluded at a lower price, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $145.52 per tonne, down $8.52 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard coking coal, fob DBCT: $130.07 per tonne, down...Read More

Iron ore prices gained again on Wednesday February 10 after fewer shipments to China helped support the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.90 per tonne, up $2.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $167.25 per tonne, up $2.79 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.02 per tonne, up $2.56 per tonne65% Fe Braz...Read More

China has further diversified the list of countries supplying heavy scrap (HS) imports, with recent deals from both South Korea and Singapore, market participants told Fastmarkets on Wednesday February 10.The deals only represent trial transactions at this stage, sources said, with suppliers still getting acclimatized to China's inspection systems following the first imported cargo passi...Read More

Inventories of base metals, with the exception of tin, increased in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most in percentage terms at 14.9%, according to the stocks report on Wednesday February 10 - the last day of trading for the exchange before the start of the Chinese New Year holidays.Zinc inventories stood at 69,366 tonnes on Wednesday, an increase o...Read More