Wal-Mart (WMT), a Dow Jones Industrial Average stock moved below $139.19 extending an intermediate downtrend following release of fourth quarter results.Shanghai Composite Index advanced 20.27 to 3,675.36 following resumption of trade after the one week celebration of Chinese New Year. The Shanghai Composite Index has a history of moving higher on a real and relative basis until mid-April followin...Read More
Three workers who were trapped in the rubble after an explosion at major South African steelmaker ArcelorMittal Vanderbijlpark have been found dead, local news providers said on Thursday February 18.Early on February 17, a portion of a stack at one of the mill's coke batteries fell onto a control room where three employees were working, trapping them under the rubble. Rescue teams worked throughou...Read More
Prices for steel scrap imported to Bangladesh accelerated over the last seven days despite a hesitancy from buyers to pay higher rates, market participants told Fastmarkets on February 18.Bangladeshi steel scrap prices have swelled in the last week in line with other major import markets such as Turkey and India, although few sales were heard at the new levels.Shredded scrap in containers was hear...Read More
Iron ore prices surged on Thursday February 18 on support from strong steel prices and positive sentiment regarding steel inventory, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $175.05 per tonne, up $8.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $175.50 per tonne, up $8.25 per tonne58% Fe fines high-grade premium, cfr Qingdao: $160.22 per tonne, up $7.56...Read More
Seaborne premium hard coking coal prices edged up on Thursday February 18, with Chinese market participants back from the Lunar New Year holiday, but there was still uncertainty over the direction of the cfr market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $141.26 per tonne, up $0.06 per tonnePremium hard coking coal, cfr Jingtang: $217.48 per tonne, up $0.25 per tonne H...Read More
Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources told Fastmarkets.On the first day back after the holiday, a Shandong mill raised its tender for heavy scrap by 50 yuan per tonne on Thursday to 3,050 ($472) yuan per tonne delivered, excluding value-...Read More
China's hot-rolled coil prices surged on Thursday February 18, the first trading day after the week-long Chinese New Year public holiday, with sales gains in the home appliances sector during the break boosting sentiment.DomesticEastern China (Shanghai): 4,740-4,750 yuan ($734-735) per tonne, up 250-270 yuan per tonneTraders told Fastmarkets that few buyers were willing to place orders after the p...Read More
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China's domestic rebar prices increased sharply on Thursday February 18 amid optimism generated by the release of positive financial data. DomesticEastern China (Shanghai): 4,450-4,480 yuan ($688-693) per tonne, up by 170-180 per tonne A total of 3.58 trillion yuan worth of new bank loans were issued in China in January, up by 225 billion yuan (6.7%) from a year earlier and a record high.The count...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 assessed Cobalt alloy grade, in-whs Rotterdam,...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...Read More
Key data from the pricing session in London on Friday February 17.Key drivers Prices corrected downward in the first half of the week with traders profit-taking while end-user inquiries slow. The European manganese flake market started the year at $2,120-2,280 per tonne and reached its year-to-date high of $2,800-2,940 per tonne...Read More
Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable - which is one of the reasons why we have chosen Endeavour Mining CEO Sebastien de Montessus as our Mining Person of the Year for 2020.Last March - just as Covid-19 started turning the world upside down - Endeavour announced the fr...Read More
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has become a Top Ten global gold producer since announcing two major acquisitions last year - Semafo and Teranga Gold. It is now the largest gold producer in West Africa with a production base across six mines in three countries, and has the largest exploration portfolio in the region, with a development pipeline of six greenfield projects. Last year Ende...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 corporationSustaining a coherent corporate narrative melding strategic direction with day today acti...Read More
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The Northern Miner recently caught up with Paul Zimnisky, an independent diamond analyst and consultant in New York to hear what he thinks lies in store for the sector over the next five years.The Northern M...Read More
The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt - critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte's Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Anal...Read More
Price expected to go up, but the quantum is a mysteryRead full newsRead More
Officials with the Electric Reliability Council of Texas said that grid operators implemented blackouts to avoid a catastrophic failure that could have left Texans in the dark for months.Read full newsRead More
Downward trend continuesRead full newsRead More