Fastmarkets' premium hard coking coal cfr index jumped by more than $5 per tonne on Thursday December 17, while the fob price stayed flat due to no transactions being reported.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.46 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $188.42 per tonne, up $5.78 per tonneHard coking coal, fob DBCT: $93.56 per tonne, unc...Read More

China is to classify ship scrap as a steelmaking raw material, with no need for industry participants to apply for solid waste licenses. There has previously been no classification for ship scrap originating from Chinese shipyards.The Ministry of Ecology and Environment of the People's Republic of China said this week that all steel scrap generated from the domestic repair and refitting of foreign...Read More

China's raw materials policies - including the ban of coking coal imports from Australia and the new recycled raw materials classification - will likely be among the key drivers of the global ferrous markets in 2021, market sources told Fastmarkets. Uncertainty over import policies caused by geopolitical tensions and supply have resulted in shifts in the consumption patterns of steelmaking raw mat...Read More

Silver ETN (SLV) moved above $23.96 resuming an intermediate uptrend.Silver stocks are responding to higher silver prices. First Majestic Silver moved above US$12.21 and Cdn$15.90 resuming an intermediate uptrend.Travelers (TRV), a Dow Jones Industrial Average stock moved above $138.11 extending an intermediate uptrend.Accenture (ACN), an S&P 100 stock moved above $253.93 to an all-time high e...Read More

China's domestic rebar market maintained its upward momentum on Thursday December 17, supporting export prices that are still lower than those for products originating in other regions.DomesticEastern China (Shanghai): 4,210 -4,240 yuan ($645-649) per tonne, up by 50 yuan per tonneSteady purchasing rates among end users and active selling among stockists resulted in rebar inventories falling over...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...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

Cobalt metal prices nudged higher during the first half of the week amid a slight improvement in spot inquiries but limited visibility on metal demand for 2021 is keeping the lid on more substantial gains, sources told Fastmarkets on December 16.Fastmarkets' price assessments for cobalt standard grade, in-whs Rotterdam and cobalt alloy grade, in-whs Rotterdam remained trading at parity and moved t...Read More

The spot cobalt sulfate price in the domestic Chinese market continued on its uptrend midweek after suppliers either held offers firm or held out for sales in expectation of extensive restocking in January, sources told Fastmarkets on December 17.Fastmarkets' cobalt sulfate 20.5% Co basis, exw China rose to 54,000-55,000 yuan ($8,269-8,422) per tonne on Wednesday December 16, up 0.5% from 54,000-5...Read More

Chinese stainless steel producer Delong Nickel Industry plans to increase its stainless crude steel capacity by 6 million tonnes per year by the end of 2021, local media reported on Wednesday December 17. The expansion will bring the company's capacity to over 8 million tpy. Location: Liyang city,...Read More

China's stainless steel prices increased sharply in both the domestic and export markets over the week ended Wednesday December 17 on nickel gains, but the increases led buyers to scale down their procurement rates.The three-month nickel contract on the London Metal Exchange ended Wednesday's official session at $17,429 per tonne, up by $910 per tonne from $16,519 per tonne a week earlier.Domestic...Read More

The European ferro-titanium price has jumped to a peak last seen in January 2013, with strong demand from consumers for prompt deliveries and into February combining with a shortage of scrap to push the markets higher. Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $7.00-7.50 per kg on Wednesday December 16, an increase of more than 11% from $6.25-6.75 pe...Read More

Bardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldOver the year to June, advanced country GDP plummeted 12%. Aside from a near 5% fall dur...Read More

The European Commission has calculated preliminary anti-dumping duties for Turkish hot-rolled coil at 4.80-7.60%, it said in a letter sent to interested parties, market sources told Fastmarkets on Thursday December 17. Provisional measures in the case, if any, will be imposed by January 14 next year, and the calculated duties can be changed at any time up to this deadline. Definitive duties are sc...Read More

The year 2020 showed how resilient steel mills are and how important it is to diversify products, the chief executive officers of three major steel producers in the Gulf Co-operation Council (GCC) countries said during the keynote CEO panel of Fastmarkets' Middle East Iron & Steel virtual conference on Tuesday December 15. CEOs on the panel Ravi Singh of Bahrain's structural steel producer Su...Read More

Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) will in January submit its request for an appeal of the U.S. Army Corps of Engineers' (USACE's) negative record of decision (RoD) for its Alaska's Pebble copper-gold-molybdenum-silver project.The company said it would argue that the USACE's mitigation requirements for Pebble were contrary to policy and precedent in Alaska and that the agency's reject...Read More

Quebec-based Cartier Resources (TSXV: ECR) has released an initial underground resource estimate for the Pusticamica deposit at its road-accessible Benoist property, 65 km northeast of Lebel-sur-Quevillon.The gold-copper-silver deposit is host to 1.5 million indicated tonnes at 2.57 grams gold per tonne, 0.19% copper and 8.37 grams silver per tonne (2.87 grams gold-equivalent per tonne), for a tot...Read More

Pretium Resources' (TSX: PVG; NYSE: PVG) 25,350-metre 2020 exploration program has led to the discovery of a new zone of epithermal-style gold mineralization, the Hanging Glacier zone.The gold producer has released the results of its 2020 grassroots exploration program completed within the 1,200-sq.-km land package around the Brucejack underground mine.The Hanging Glacier zone is made up of two ar...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-S?(C)bastien Jacques who had to step down following an international outcry over the miner's destruction of sacred Aboriginal rock shelters.Stausholm, a Danish national who joined the company in 2018 from shipping company AP Moller-Maersk, will be tasked with rebui...Read More

John Horgan's NDP government predicted B.C.'s deficit would grow to $13.6 billion this fiscal year, but also forecasted the economy would see a quicker recovery from COVID-19 than other provinces. BNN Bloomberg's Tara Weber digs into the numbers.Read full newsRead More