The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More

Trading activity remained lackluster in the physical iron ore market on Thursday March 1 despite a slight increase in prices.Key driversChina's steel and iron ore futures rose slightly from their values a day earlier, while spot rebar and hot-rolled coil prices performed better in comparison, increasing by 10-60 yuan ($1.60-9.50) per tonne.Iron ore prices - at Chinese ports and in the seaborne mar...Read More

Base metals on the London Metal Exchange were lower across the board during morning trading on Thursday March 1.A significant recovery in the dollar over the past few days has continued to curb investors' appetite for the base metals, and the dollar index hit its highest since January 18 overnight. The three-month copper price has plummeted back below $6,900 per tonne and hit a fresh two-and-a-hal...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday March 1*Copper -$69.77 (-443.42 yuan) Aluminium -$430.48 (-2,735.85 yuan) Zinc -$157.99 (-1,004.10 yuan) Nickel -$673.47 (-4,280.17 yuan) * Metal Bulletin calculates the...Read More

The latest metal markets news and price moves to start the North American day on Thursday March 1.Metals on the London Metal Exchange continued to slide on the back of a strengthening dollar, with the dollar index hitting its highest since January 18. The three-month copper contract fell below the $6,900 per tonne mark and a fresh two-and-a-half week low.Here is how the LME base metals complex loo...Read More

Oyu Tolgoi, one of the world's largest copper-gold-silver mines, has lifted its one-and-a-half-month long force majeure on concentrates delivery with effect from March 1, operator Turquoise Hill said on Wednesday February 28. The Vancouver-based company, majority-owned by Rio Tinto, is confident that any force majeure-related sales impact will be "made up over the next few quarters," according to...Read More

Key data from Wednesday February 28 pricing session in Shanghai.Gallium metal MB Chinese free market 99.99%, in-warehouse (RMB per kg) Key drivers- Demand surpasses supply, especially with the development of a high-speed 5G network in China- Market sentiment is very...Read More

The price of cobalt metal in China has played a quick game of catch-up with international prices following the Chinese New Year break (February 15-21), with a strong rally seen since the start of this week on increased speculative buying.China's cobalt metal price jumped to 620,000-650,000 yuan per tonne (equivalent to $38.03-39.8 per lb, ex-China value-added tax) on Wednesday March 1, up 2.4% fro...Read More

Base metals traded on the London Metal Exchange are for the most part consolidating after recent weakness, the exceptions are aluminium prices that are up by 0.7% at $2,147 per tonne and lead prices that are down by 0.5% at $2,490 per tonne. The rest are little changed, with copper prices recently quoted at $6,943 per tonne.Volume has been average with 8,708 lots traded as of 07.12 am London time....Read More

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in February 2018.The case list below includes only updates. For other continuing cases this year, see the update for January.1.HDG.2.Stainless coil, sheet. 3.OCTG. 4.Welded pipe. 5.Cold-rolled, coated flat-rolled steel. Read More

Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of p...Read More

The U.S. oil and gas industry on Thursday slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.Officials at the nation's top energy industry trade groups issued statements urging Trump to reconsider the idea, and a source familiar with Exxon Mobil Corp's investment plans said the tariff co...Read More

Cobalt 27 Capital Corp. (TSXV: KBLT; US: CBLLF; FRA: 270) is riding a wave of burgeoning market interest in electric vehicles (EVs) and grid-storage technology.In June of 2017, the company completed the single largest initial public offering in Canada since 2012, raising over $200-million in equity financing and signaling to Canadian and international capital markets the beginning of a large and f...Read More

Braveheart Resources Inc. (TSXV: BHT) is pursuing an ambitious three year exploration and development plan for its 100% owned Alpine Mine gold project, 20 km northeast of Nelson in southeastern British Columbia. The Company intends to carry out bulk sampling and additional drilling this year as it looks to expand on the resource estimate it tabled in early January.In the 1930s and '40s, governmen...Read More

Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country's gold miners, according to BMI Research.In a recently published report, BMI forecasts a year-end exchange rate of ZAR10.9/USD, up from a previous forecast of ZAR11.6/USD. The firm says that not everyone will be...Read More

Chile's Chemical and Mining Society (SQM), one of the world's largest lithium producer, said global demand for the white metal, a key ingredient in the making of batteries that power electric vehicles, will continue to grow at rate of roughly 80% annually in the next five years.According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a yea...Read More

Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone.The deal, which allows for mining the combined and contiguous Tongo and Tonguma concessions, is expected to create one of the largest diamond mines in West Africa."The closure of the agreements with...Read More

Denmark's FLSmidth completed Wednesday the acquisition of Sandvik's Mining Systems unit with the transfer of the assets in South Africa, which were awaiting merger control clearanceWith the deal, FLSmidth has taken over the Swedish equipment and tool manufacturer's continuous surface mining and minerals handling technologies, which strengthen the company's core minerals business, it said in a sta...Read More

Anglo American (LON:AAL) has completed the sale of three Eskom-tied thermal coal operations in South Africa to Seriti Resources, a group of black-controlled companies for R2.3 billion (about $164 million).The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects, which supply about 24 million tonnes a year of coal to Eskom Holdings' Lethabo, Tu...Read More

Sydney-based Lake Resources (ASX:LKE) announced today that it has signed an agreement with the Argentinian province of Jujuy to confirm the company's tenure of ~45,000 hectares of mining leases that cover the Olaroz - Cauchari Lithium Brine Project and the Paso Lithium Brine Project."The applications adjoin the production leases owned by Orocobre and SQM/Lithium Americas and have the potential to...Read More