Ferrous scrap prices in Mexico increased further for the week ended Friday December 13, following a continued upward trend in global steel scrap prices and improved sentiment following the latest settlement in the United States.Some steelmakers in Mexico's central Baj?-o region increased their buying prices by around 200 pesos ($10.52) per tonne late last week due to higher prices in the US, but n...Read More
Turkish steel mills made no fresh deep-sea transactions on Tuesday December 17, with prices remaining stable, market sources said.Mills started the week by booking two Baltic Sea cargoes on Monday for February shipment.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr, and 3,5...Read More
Indonesian ferrous scrap buyers are still cautious about purchasing imported cargoes even after state-owned surveyor KSO Sucofindo resumed inspections this week."Some traders are rushing to buy cargoes to supply Indonesian customers again but not all buyers are in the market yet," an industry source in Singapore told Fastmarkets on Tuesday December 17.Negotiations for containerized ferrous scrap i...Read More
Seaborne iron ore prices were largely rangebound on Tuesday December 17 despite pollution curbs being removed in Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.07 per tonne, up $0.03 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.16 per tonne, up $0.03 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.95 per tonne, up $0.28 per tonne.58% Fe fines high-premium, cfr Q...Read More
Prices of seaborne premium hard coking coal slipped on a fob Australia basis on Tuesday December 17 while cfr China rates remained underpinned by decent demand and the strength of the coke market in China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.16 per tonne, down $2.42 per tonnePremium hard coking coal, cfr Jingtang: $147.33 per tonne, down $0.37 per tonneHard coking coal, fob...Read More
Ukraine's Metinvest will start shipments of direct-reduced (DR) iron pellet in 2020, sales director Dmitry Nikolayenko told Fastmarkets on the sidelines of the Middle East Iron and Steel conference in Dubai last week. "We plan to produce annually up to 2 million tonnes of pellet with higher iron content for both [blast furnace] and DR segments," Nikolayenko said. "From the total tonnage, up to 1 m...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesWithin a matter of days, the South American country completed its transformation from mining sector pariah to host to world class producing assets in the world's two most sought after metals,Read More
Galena provides a leading lightSPONSOREDgalena miningThe company will undertake a bought deal with BMO Capital Markets of 6.4 million units priced at $1.06 for proceeds of $6.Read More
Galena provides a leading lightSPONSOREDgalena miningIts new management team has taken up their roles, led by CEO Mark Davis who last month became the company's third CEO appointed by majority owner Glencore this year. The company confirmed all required accounting systems upgrades were now "fully or substantially implemented" - as per its US$22.2 million settlement with the Ontario Securities...Read More
Galena provides a leading lightSPONSOREDgalena mining"I am delighted that Pumpkin Hollow has commenced concentrate production, making it the first new copper producer in the US in over a decade," CEO Matt Gili said.He described it as "a remarkable achievement" to have reached this point on schedule, given the construction decision was made only 16 months ago.Galena provides a leading lightSPONSORE...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices) By Eric Onstad LONDON, Dec 17 (Reuters) - Copper touched a new seven-monthpeak on Tuesday as investors began looking beyond the U.S.-Chinatrade deal to potential shortages next year due to productionproblems. Three-month copper on the London Metal Exchange (LME) climbed to an intraday high of $6,223 a tonne, thestrongest since May 8, befo...Read More
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Trump signed off 'phase one' trade...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Aluminium The LME three-month aluminium price is testing...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downl...Read More
China's hot-rolled coil exporters raised their offers on Tuesday December 17 despite a stable domestic market amid improved sentiment as a result of easing tensions between the country and the United States.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($556-557) per tonne, unchangedNorthern China (Tangshan): 3,640-3,650 yuan per tonne, unchangedMarket participants expect domestic prices to e...Read More
Copper at its highest since May ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Market remained in deficit in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Chinese EV sales rebounded in November... Chinese sales...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
Unphased by the US-China...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Zinc bolstered by broader risk-on sentiment ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More