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 SPONSOREDoceanagoldKAZ's copper production fell less than 1% in the December quarter to 75,700 tonnes versus Q3 as a rise in output at the...Read More

Prices for carbon steel plate in the United States climbed after domestic mills announced another round of price increases in finally offering material for March shipment.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $51 per hundredweight ($1,020 per short ton) on Friday January 29, up from $49 per cwt ($980 per ton) on January 22. The asse...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe deal allows South32 to acquire 65% of the project by spending US$8.5 million over five years and assuming responsibility for paying 100% of the cash option payments due to the underlying owners of the project during the period.South32 can extend the agreement for one year by spending an additional $1.5 million and can acquire an addi...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe DeGrussa operation in Western Australia produced 16,390 tonnes of copper and 9660 ounces of gold, to take half-year production to 35,790t of copper and 21,343oz of gold.The company is now targeting the upper end of guidance of 67,000-70,000t of copper and 36,000-40,000oz of gold.Trident aims to fill valuable nicheSPONSOREDtrident roy...Read More

Prices for domestic merchant bar quality (MBQ) steel in the United States rose for the third month in a row in January, while import prices remained unchanged after climbing in late December 2020.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was at $44.30 per hundredweight ($886 per short ton) on Friday January 29, up by 4.7% from $42.3...Read More

The export market for flat steel products from the Commonwealth of Independent States (CIS) was slow in the seven days to Monday February 1, with hot-rolled coil prices decreasing sharply because of weak demand.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $695-725 per tonne on Monday, down from $745-760 per tonne a week earlier.The main reason for...Read More

The Commonwealth of Independent States (CIS) export wire rod price recovered somewhat in the week to Monday February 1 on demand in European markets, sources told Fastmarkets.Offers of Ukraine-origin material were heard within the range of $700-730 per tonne fob Black Sea, depending on destination, while Russia-origin material was available within the range of $690-702 per tonne fob Black Sea, sou...Read More

Base metals prices on the London Metal Exchange were up across the board this morning, Monday February 1, this despite weaker-than-expected manufacturing purchasing managers’ index (PMI) data out of China over the weekend.But perhaps most noteworthy has been the 8% rally in spot silver that has surpassed $29 per oz to challenge last August’s high.* March tin lower on Shanghai Futures Exc...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Monday February 1, but buyers were likely to accept price rises imposed by producers - at least in the short term, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?713.33 ($865.65) per tonne on Monday February 1, up by ?,?0.83 per tonne...Read More

Silver iShares (SLV) moved above $25.74 and $27.39 to an eight year high extending an intermediate uptrend. Silver Miners ETF (SIL) moved above $50.00 extending an intermediate uptrend.Pan American Silver (PAAS) moved above $38.69 extending an intermediate uptrend.Hecla Mining (HL) moved above $7.06 to a 10 year high extending an intermediate uptrend.First Majestic Silver (FR.TO AG) moved above Cd...Read More

Brazilian exports of iron ore increased by 8.7% in January 2021, compared with the corresponding month of 2020, despite there being two fewer workdays in 2021, the country's ministry of economy said on Monday February 1.The country exported 28.99 million tonnes of iron ore in January, up from 26.67 million tonnes a year before. Daily average shipments totaled 1.45 million tonnes, 19.6% higher than...Read More

India will remove its import duties on steel and stainless steel scrap imports with effect from February 2, the Material Recycling Association of India said on Monday February 1.India currently imposes customs duties of 2.5% on steel scrap imports. The new trade policy will remain in place until...Read More

Turkish steel mills kept their deep-sea scrap purchases slow on Monday February 1, as a result of rebar and billet markets remaining weak, sources told Fastmarkets.The mills have struggled with rebar and billet sales recently amid poor demand.The most recent firm bid for Turkish rebar came from Southeast Asia at $595 per tonne fob on actual weight basis, but the transaction was not realized. Fastm...Read More

Turkish domestic scrap prices continued to decrease over the past week due to falling imported scrap values, market sources said on Monday February 1.Domestic steel mills reduced their buy prices for both domestic auto bundle scrap and ship scrap in response to the downturn in imported scrap costs, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey wa...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More

More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, were heard to have been traded in January 2021, the largest monthly volume since its launch in December 2018.The 65% Fe iron ore contract is traded in 100-tonne lots and its total volume for 2020 was close to 420,0...Read More

Iron ore prices fell on Monday February 1, sources told Fastmarkets, due to weak demand and limited trading liquidity, despite the potential impact of severe weather on supplies from Australia. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.07 per tonne, down $1.47 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.77 per tonne, down $1.28 per tonne58% Fe fines high-grade...Read More

Seaborne coking coal fob prices across the board rose on Monday February 1, sources said, adding that bids and offers for premium hard coking coal were higher than before while the cfr market remained quiet.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.54 per tonne, up $1.62 per tonnePremium hard coking coal, cfr Jingtang: $217.73 per tonne, unchanged Hard coking coal, fob DBCT: $133...Read More

Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday January 29 amid a downtrend for the fines segment in the same week.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $185.25 per tonne, down $9.44 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $225.49 per tonne, down $3.77 per tonne Key driversSeaborne prices for iron ore fines fell steeply last wee...Read More

Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday January 29.United States Prices for silicon rose for the third time in January over the assessment week to Thursday, with both domestic and global spot supply reported to be increasingly tight in the United States. Domestic producers welcomed a 7.4% preliminary duty determination on imports of Malays...Read More