The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes...Read More
The seaborne coking coal spot market rose on Thursday May 3 following higher bids from market participants. A top Australia brand had changed hands at $193 per tonne cfr China and a lower-ranked second-tier hard coking coal traded around $160-161 per tonne fob Australia, according to various sources. In the pulverized coal injection (PCI) segment, a low-vol PCI transacted at around $144-145 per to...Read More
Ferrous futures in China were down during morning trading on Thursday May 3, with sentiment turning more cautious among market participants after a bullish start to the working week.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,688 yuan ($579) per tonne, down 25 yuan per tonne October hot-rolled coil: 3,770 yuan per tonne, down 16 yuan per tonne Dalian Commodi...Read More
Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne.The exceptions were zinc prices, which were down by 1% at $3,080 per tonne, and lead prices that were up by 0.5% at $2,290 per tonne.Volume on the LME has been average, with 6,196 lots traded as at 07.02 am London time. This fol...Read More
Glencore produced 7,000 tonnes of cobalt in the first quarter of 2018, up 11% from 6,300 tonnes in the same quarter of last year, according to the company's production report on Thursday May 3.Production from its African copper assets contributed 6,100 tonnes of cobalt in the first quarter compared with 5,700 tonnes in the corresponding period of 2017. The rise in production was reflective of a 50...Read More
The China cobalt sulfate price has softened from the brief momentum of activity between late March and mid-April due to lackluster demand.The Metal Bulletin cobalt sulfate, 20.5% min Co, ex-works China, price is calculated as an adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment on a 20.5% Co basis, which was assessed at a discount of $0.51-0.82 per...Read More
Metal Bulletin has launched a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.After a consultation period, Metal Bulletin has launched a price assessment to cover the Chinese cobalt sulfate market. Cobalt sulfate, of which China is the largest producer in th...Read More
East Asia's stainless steel market was quiet due to the long weekend, with prices steady at high levels over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,170-2,300 per tonne cif East Asian ports for the week ended Wednesday May 2, the same as a week earlier. Metal Bulletin's assessment of prices for benchmark 304 stainless trim...Read More
Key data from the Wednesday May 2 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers- A post-holiday lull descended over the Chinese market after the country's Labor Day break (April 30 and May 1), with a number of participants taking...Read More
Canadian junior moves on promising VMS targetRead full newsRead More
Elon Musk started Tesla Inc. with a goal of accelerating the switch to electric cars by about a decade.Read full newsRead More
A Russian Su-30SM fighter jet crashed off the Syria coast, killing two pilots on board, the Russian Defense Ministry has confirmed. Read full newsRead More
Gold stocks are likely to ride on the back of improving industry fundamentals and put up a decent performance this quarter.Read full newsRead More
For a time, the land around the village of Longa Mali in eastern Cameroon was one of the most prized in Africa, and powerful machines gnawed greedily into its soil to extract precious gold.Read full newsRead More
European focused mineral exploration company Erris Resources announced today that it was granted a new 100%-owned gold exploration permit, En??sen no.5, which is located in central Sweden, some 370 kilometres north of Stockholm.The 59.4 km2 permit encompasses a largely unexplored area surrounding the historic En??sen mine, which produced 1.7-million tonnes at 3 g/t gold between 1984 and 1991. Mine...Read More
Haywood Securities analyst Kerry Smith provided a construction update on one of this firm's projects.Read full newsRead More
Paris City Council passed a motion last night where its members ask the CEOs of the world's largest insurance and reinsurance companies to stop insuring coal projects.The call comes just a few weeks before an annual meeting to be held in the City of Light from May 30 to June 2, 2018, and which is expected to be attended by representatives of the most important insurance companies on the planet. In...Read More
Eira Thomas has discovered diamonds in the far north, co-founded mining companies and sat on a dozen boards -- including Canada's most valuable energy company.Read full newsRead More
Eight of the thirteen gold miners trapped underground at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa remain missing, the company said after a seismic event caused a fall of ground in an operating stope at one of the company's gold mines.Contact was made with six workers earlier on Thursday and two two were brought to surface safely, the firm said, but one of them reg...Read More
Australia's Lucapa Diamond (ASX:LOM) has discovered yet another large diamond at its prolific Lulo mine in Angola - a 46-carat pink stone, the largest coloured gem-quality rock ever recovered there.The company said the gem-quality coloured diamond eclipsed both the 43-carat yellow gem found in January and the almost 39-carat pink dug up in September last year."The frequent recovery of large and...Read More