The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Read More

The spot cobalt market was treading water on Thursday March 4 while market sources mulled whether falls in copper, nickel and Chinese cobalt futures prices could spill over to hit benchmark cobalt metal prices, sources told Fastmarkets Fastmarkets' benchmark price assessment for cobalt standard grade, in-whs Rotterdam stood at $24.75-25.65 per lb on Thursday, unchanged from the previous day b...Read More

Key data from the March 5 pricing session in London.Key drivers Slow inquiries lead sellers to adjust their price expectations during the second half of the week, and the ferro-molybdenum market consolidates around $28.50 per kg. Market sources...Read More

China has turned the nickel market on its head after the world's biggest stainless-steel producer, Tsingshan Holding Group, this week agreed to supply about 100,000 tonnes of matte (containing approximately 65-75% nickel) to Huayou Cobalt and battery materials maker CNGR Advanced Material.The news signals that the mainly Chinese-funded nickel pig iron (NPI) producers in Indonesia are now looking a...Read More

On April 11th, Ecuadorians choose a new president with critical implications for the country's nascent mining industry.For many, the vote is a referendum on the legacy of former president Rafael Correa, who ran the country for a decade until 2017. Riding the oil boom, he spent heavily on infrastructure and welfare but left the country's finances in ruins.It has been up to his successor (and former...Read More

Electric car maker Tesla (NASDAQ: TSLA) will become a technical adviser at the conflict-ridden New Caledonia nickel mine, as part of the company's attempt to secure enough supply of the key battery metal, which CEO Elon Musk has singled out as his biggest concern.Political leaders in the French Pacific territory agreed on March 4 to sell a majority stake in Vale's (NYSE: VALE) nickel business to...Read More

Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals.The growing trend, paired with the economic impacts of Covid-19, has heightened governments' rising appetite for greater control over mineral revenues, the latest research from risk consultancy Verisk Maplecroft shows....Read More

Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million.The exceptional Type 11a white gem-quality rock achieved a price of U$40,701 per carat, which exceeds the US$34,386 per carat received for the 424.89 carat "Legacy of the Cullinan Diamond Mine" in May 2019. The freshly so...Read More

Plunging steel futures and physical prices in China kept buyers away from the import markets on Friday March 5, industry sources told Fastmarkets.Overnight price falls in rebar, hot-rolled coil and iron ore futures have dampened buying interest, with bids at $500-502 per tonne cfr China for imports of HRS101-grade heavy scrap (HS).Offers from sellers were at $510 per tonne cfr China. Key market pa...Read More

Spot prices in the key Vietnamese scrap import market increased in the week to Friday March 5, with key buyers setting eyes on bulk deep-sea HMS 1&2 (80:20) cargoes over Japanese H2 cargoes due to the thin premium the former is commanding. Two transactions for bulk HMS 1&2 (80:20) cargoes were concluded on Thursday at $474 per tonne and $477 per tonne cfr Vietnam. One cargo was from Australia, whi...Read More

Strong demand for containerized ferrous scrap into the key import market of Taiwan has continued to push prices higher, sources told Fastmarkets during the week to Friday March 5.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $433-440 per tonne on Friday, unchanged from Thursday, but up by $8-10 per tonne...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday March 5. China  High-grade seaborne ore prices rose after miners raised their offers for April shipment. Some buyers accepted the elevated offers, while others showed resistance given the current portside prices and persistently high port inventories. Low-grade prices continued upwards aft...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday March 5. United States  Limited availability continued to provide the fuel for price gains this week.  Mills are reportedly hard pressed to find uncommitted prompt material amid major domestic production cutbacks and slowed imports.  Vessels continue to be difficult to obtain for US s...Read More

In northern Nevada, the gold mining industry has dominated for decades. Now Nevada lawmakers want to tap into that vein of wealth to ease the pandemic-induced budget crunch.Read full newsRead More

Prosper Gold Corp. CEO Clips:CEO Clips is the largest library ofRead full newsRead More

The stock market is often seen as one entity, and it is, for the most part. When it crashes, almost every company is affected. When the recession hits, most businesses suffer the consequences. But as you can see from the recovery from the 2020 crash, not every sector, industry, and individual companies recover at the same pace. Even within an industry, there might be a whole spectrum of recovery.S...Read More

While it’s true that gold, as a precious metal and even as a commodity, has lived off its “golden days.” Even though it’s known as hard cash around the globe and it holds its value no matter where you take it, the shiny metal doesn’t hold power and sway it used to when kingdoms used to wage war over it.But every once in a while, when the stock market crashes or goes t...Read More

Warren Buffett’s entry into the Canadian gold market by taking a position in Barrick Gold (TSX:ABX)(NYSE:GOLD) came as quite a surprise for many, especially given the fact that Buffett was previously very vocal about his dislike for gold as an investable asset class. But I assume Buffett now sees the distinction between gold and gold mining, and hence, his newfound interest.While some may qu...Read More

The turmoil surrounding a creditor of UK-based conglomerate GFG Alliance has raised concerns in the European steel market, Fastmarkets heard on Friday March 5.On March 3, German financial watchdog Bundesanstalt f? 1/4 r Finanzdienstleistungsaufsicht (BaFin) imposed a moratorium on Greensill Bank, which is the key funding facility for GFG Alliance, Fastmarkets heard.In particular, BaFin has ordered...Read More

ArcelorMittal Nippon Steel India (AM/NS India) has signed a memorandum of understanding (MoU) with the government of Odisha, India to build an integrated steel plant in Odisha with a capacity for 12 million tonnes per year, it announced on Thursday March 4.The plant will be set up in the Kendrapara district and the investment is reported to be 500 billion rupees ($6.87...Read More