Stellar result for PolarXSPONSOREDpolarxAmerigo (TSX: ARG) has extended the repayment deadline for the outstanding US$56.25 million of a $99.7 million expansion facility from the end of next year to September 2023. The company can repay all or part of the four-year Scotiabank Chile and Export Development Canada term loan early without penalty.First payment is due under the restructured loan next M...Read More

IronRidge derisks through diverse discoveries SPONSOREDironridge resources Located in the Wadi Bidah mineral district in western Saudi Arabia, the Hawiah deposit consists of gold near the surface and copper-gold-zinc sulphide ore at depth.Through its joint venture Gold and Minerals (G&M), KEFI and local Saudi business ARTAR plan an initial 2,500m scout drilling program along the most prospecti...Read More

Delegates at the 19th China Steel and Raw Materials conference organized by China Iron and Steel Association (CISA) were cautiously optimistic about demand for iron ore and steel prices after the week-long holiday in the country, starting October 1.The optimism stems from expectations that restocking demand will support prices for iron ore after the holidays, with the tight restrictions on steelma...Read More

Turkish domestic auto bundle scrap prices have gone down over the past week amid further softening of imported scrap values, but ship scrap prices were largely stable, sources said on Monday September 30.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($228-251) per tonne on Monday, down from last week's TRY1,340-1,450 per ton...Read More

LONDON – De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation.The Anglo American unit extended the policy from its August sale to customers this week in Botswana, according to the people, who asked not to be identified as the matt...Read More

Physical iron ore fines prices rose on Monday September 30 ahead of the week-long public holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.38 per tonne, up $2.53 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, up $1.67 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, up $1.26 per tonne. 58% Fe fines high-grade premium, cfr Qingda...Read More

Chinese buying activity pushed up seaborne coking coal prices on Monday September 30, ahead of a week-long holiday to mark the country's 70th National Day.Premium hard coking coal, fob DBCT: $137.29 per tonne, up $4.56 per tonne Premium hard coking coal, cfr Jingtang: $159.70 per tonne, up $6.11 per tonneHard coking coal, fob DBCT: $121.25 per tonne, unchangedHard coking coal, cfr Jingtang: $134.0...Read More

Seaborne iron ore concentrate and pellet prices fell along with the wider market last week ahead of a week-long holiday in China from October 1.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $96.45 per tonne last Friday September 27, down $4.06 per tonne from a week earlier.Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao ave...Read More

The three-month nickel price on the London Metal Exchange was higher during morning trading on Monday September 30, buoyed by continued outflows and fresh cancellations, keeping exchange stocks at their lowest level since 2011.LME nickel's futures price was recently trading at around $17,375 per tonne, volumes traded were moderately high, with over 2,000 lots exchanged as of 9am London time. ...Read More

The markets are surprisingly upbeat this morning, Monday September 30, due to improvements in Chinese manufacturing purchasing managers' index (PMI) data, offsetting reports the White House is looking at the possibility of preventing Chinese companies from listing in the United States, which will no doubt raise the rhetoric over trade talks. China's Caixin manufacturing PMI climbed to 51.4 from 50...Read More

Base metals on the Shanghai Futures Exchange were mixed during the morning trading session on Monday September 30, the last trading day before China's National Day holiday on October 1-7. "The market has already entered the vacation mode as most market participants left late last week for the holiday," a Chinese broker told Fastmarkets. "Range-bound movement is expected to dominate today's ma...Read More

There will be no reports during first week of October.   Come back on Monday, October 7th for the next report release. The Bottom LineWorld equity markets moved lower last week with elevated volatility. Equity markets have a history of elevated volatility at this time of year with a flat/downward bias from mid-July to mid-October. The weakest period for North American equity markets is f...Read More

Key data from the pricing sessions in London and Shanghai for the week ended Friday September 27. Europe Key drivers  European prices for grade-4-4-1 and grade-5-5-3 silicon were unchanged amid low spot liquidity and little business concluded within the range.  During the week, small volumes of grade-5-5-3 silicon exchanged hands at the top end of the published range at around ?,?1,500 (...Read More

Key data from the pricing sessions in Asia and Europe in the week to Friday September 27. China Key driversThe price for antimony, MMTA standard grade II, ddp China rallied further after domestic suppliers increased offer prices on noticing growing buying interest ahead of the week-long National Day holiday in China (October 1-7).A few antimony producers held off from offering in anticipation...Read More

Discussions and negotiations for cobalt supply in 2020 quickly got under way after Glencore announced it will close its Mutanda mine in the Democratic Republic of Congo at the end of the year.The action to take 25,000 tonnes per year of cobalt (contained in hydroxide) out of the market has fundamentally changed the supply picture for next year. Prices for cobalt metal, intermediates and salts all...Read More

In light of market feedback, Fastmarkets is amending its proposal to change the specifications of its two cobalt hydroxide price assessments and extending the consultation period by one week to allow for any final feedback.Per the original specification amendment consultation notice, Fastmarkets proposes to tighten the chemical specification of its two cobalt hydroxide assessments by adding additi...Read More

Fastmarkets outlines some of the key topics likely to dominate discussions at this year's Antimony Day, held by the International Antimony Association in Antwerp, Belgium on Tuesday October 1. How could increasing regulation affect the supply chain? Antimony trioxide use is undergoing regulatory scrutiny and could become subject to environmental or health regulatory requirements. Concerns of the e...Read More

The Chinese domestic spot ferro-silicon price ticked higher on tighter supply, while the export price dropped due to weak demand and aggressive international competition in the week ended Friday September 27. Chinese major suppliers cut production prompting higher offer pricesChinese export price diverged by falling due to low downstream demand  Europe spot price dropped after some Q4 deals w...Read More

The #1 concern most Americans have when it comes to retirement is paying for health care.According to a recent survey from Merrill Lynch and Age Wave, those age 65 and over ranked health as their greatest source of worry.With rising health care costs and longer life expectancies, it's no wonder covering medical expenses tops most retirees list of retirement worries.Add to that an unpredictable fut...Read More

Australian government officials warned domestic aluminium producers to stem exports to the United States and avoid threatened tariffs, a diversion that has caused units to flood the already well-supplied Japanese market.The decline in Australia-US tradeflow comes after Australia, which is exempt from the 10% US Section 232 tariff, was reportedly warned by the United States to stop exporting units...Read More