The big news this week was that the House of Representatives impeached President Trump for abuse of power and obstruction of Congress.Trump now joins Andrew Johnson and Bill Clinton as the only U.S. presidents to be impeached (Nixon resigned before he could be impeached).Now it goes to the Senate for trial. But there's virtually no chance the Senate will convict Trump on the charges, given the Rep...Read More
Seaborne cargoes of premium hard coking coal were sold to China below prevailing prices on Friday December 20.Fastmarkets indicesPremium hard coking coal, fob DBCT: $135.78 per tonne, up $1.66 per tonnePremium hard coking coal, cfr Jingtang: $147.47 per tonne, down $0.66 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $134.99 per tonne, unchangedLow...Read More
Export prices for Chinese hot-rolled coil prices rose further on Friday December 20 despite a stable domestic market amid increased buying in South Korea and Pakistan.DomesticEastern China (Shanghai): 3,870-3,880 yuan ($552-553) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedTrading remained moderate in the domestic market, amid relatively low inventory levels.Most m...Read More
Base metals prices on the Shanghai Futures Exchange were split into two camps during the morning trading session on Friday December 20, with nickel outperforming the rest of complex with a 1.2% gain.The most-traded March nickel contract rose to 112,110 yuan ($15,995) per tonne at the close of the morning trading session, up by 1,330 yuan per tonne from Thursday's close of 110,780 yuan per tonne.Th...Read More
An overview of the minor metals markets and their latest price moves.Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
The price of stainless steel flat products was unchanged in Europe this week - participants expect this stability to remain in place until at least the first week of January, during which time the market will be largely shut for the holiday season, they told Fastmarkets on Friday December 20.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction dom...Read More
The prices of austenitic grades of stainless steel scrap were largely unchanged this week - participants noted that any increase in the cost of nickel will be balanced out by the stronger pound against the dollar, they told Fastmarkets on Friday December 20.Fastmarkets' assessment of the stainless steel scrap 316 solids, domestic, delivered merchants UK price was ?1,120-1,180 ($1,463-1,541) per t...Read More
Ferrous scrap prices in Asia are showing mixed signs in the lead up to the year-end vacation period of Christmas and New Year. Taiwanese buyers have eased purchases amid expectations of more stable prices in the near term once sellers in the United States stop business activities. However, Vietnamese buyers have been paying higher for purchases of both Japanese and American scrap. Vietnam Fastm...Read More
Kutcho Copper (TSXV: KC; US-OTC: KCCFF) says it can complete a feasibility study on its namesake Kutcho project in north-central B.C. within seven months if it can raise $3 million.Earlier in 2019, the aspiring base metal developer tabled an updated resource estimate on the copper-zinc project, delineating a global measured and indicated resource within the Main and Esso deposits of 17.3 million t...Read More
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AngloGold Ashanti said it expects its Obuasi gold mine in Ghana to produce about...Read full newsRead More
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