The United States' bulk ferrous scrap export prices made strong gains in two cargo trades to emerging markets this past week, prompting East Coast exporters to raise dock buying prices ahead of what might be another upswing in domestic scrap pricing. In the first deal, a full cargo of shredded scrap was sold to Bangladesh at $435 per tonne cfr, while a second cargo containing an 80:20 mix of No. 1...Read More

Stainless steel scrap dealers and processors in the United States are keeping prices within a very tight range, expressing little trust in the current market."We are treading water at the moment with no movement in prices in any direction. I don't feel that we are on stable footing, with prices being vulnerable to any economic or political event or non-event that may arise," one major US dealer so...Read More

Turkish steel producers have returned to the deep-sea scrap markets after two weeks of silence but prices remained largely stable with the news of a European transaction heard on Wednesday March 28.A steel mill in the Marmara region booked a European cargo, comprising 5,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $375 per tonne cfr.Meta...Read More

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, 100,000 tonnes of 61% Fe...Read More

Iron ore prices fell further on Wednesday March 28 despite a slight improvement in the Chinese steel market. Metal Bulletin's 62% Fe Iron Ore Index Today: $63.12 per tonne cfr Qingdao Daily change: down by $2.05 per tonne Month-to-date average: $70.47 per otnne Metal Bulletin's 58% Fe Premium Index Today: $52.34 per tonne cfr Qingdao Daily change:...Read More

Prices and trading activity in the iron ore market softened again on Wednesday March 28 despite some improvement in China's steel market.Key driversThe Chinese ferrous futures market was mixed during the day, with the most-traded steel contracts closing slightly higher than the preceding day's settlement prices, while the benchmark contracts for steelmaking raw materials all ended in negative terr...Read More

Both of Metal Bulletin's premium hard coking coal indices, which track prices in the seaborne market, have fallen below $200 per tonne for the first time since November last year.The Metal Bulletin cfr China Premium Hard Coking Coal Index fell $4.16 per tonne on Wednesday March 28 to $198.76 per tonne while the fob Australia index shed $6.57 per tonne to $193.81 per tonne.An offer for a cargo of p...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday March 28*Copper -$90.85 (-571.68 yuan) Aluminium -$362.14 (-2,278.88 yuan) Zinc -$98.69 (-621.03 yuan) Nickel -$465.12 (-2,926.88 yuan) *The physical arbitrage numbers...Read More

Rotterdam tin premiums rose week on week on March 27 concurrent with expectations of Indonesian exports lowering in coming months, while US and China premiums held steady ahead of the upcoming Easter holidays.Rotterdam 99.9% premium rises US and China premiums steady Indonesian exports expected to slow down Rotterdam 99.9% premium up again while Indonesian supply tightness looms The...Read More

The following Metal Bulletin minor metals prices changed on Wednesday March 28:Minor metals Antimony MB free market regulus, $/tonne: $8,500-8,750 per tonne from $8,500-8,775 per tonneAntimony MMTA standard grade II, $/tonne: $8,500-8,660 per tonne from $8,500-8,675 per tonneAntimony MB Chinese free market MMTA standard grade...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Base metals prices on the London Metal Exchange are down across the board by an average of 0.6% this morning, Wednesday March 28. Losses are bunched together between 0.9% for lead and 0.3% for aluminium, with copper off by 0.7% at $6,613 per tonne.Volume has been average with 7,833 lots traded as of 07:47 am London time. Although prices are lower, most of the metals seem to be trying to consolidat...Read More

K Alex Stewart, founder and chairman of global inspection and analysis organization Alex Stewart International, died peacefully on Monday March 26 at the age of 83.Stewart dedicated his life to metals sampling and assaying, and had 67 years' experience in the sector. He gained extensive experience in all aspects of sampling and assaying by working his way up from basic laboratory duties before gai...Read More

European alloy surcharges for April deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen amid further increases in nickel costs, making it the third consecutive month with a rise in the surcharge.The April alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,336-1,407 per tonne ($1,659-1,748). This up...Read More

PARAMARIBO, SURINAME - Only a few years ago during the depths of the mining industry downturn, Iamgold (TSX: IMG; NYSE: IAG) had on its hands with its Rosebel open-pit gold mine in Suriname an aging, high-cost operation that faced closure in 2018, as costs were projected to rise well above the prevailing gold price. But the intermediate gold producer didn't give up on the ailing asset and instead...Read More

Barrick Gold's founder and chairman emeritus, Peter Munk, passed away Wednesday, peacefully and surrounded by his family at the age of 90.Munk, an iconic Canadian entrepreneur and philanthropist, was born in Budapest in 1927. When the Nazis invaded Hungary in 1944, he escaped with his family, ultimately arriving in Toronto in 1948 at the age of 20.Even though he didn't have social connections or a...Read More

Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More

South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More

Mar 29, 2018 Guest(s): Pierre Lassonde Chairman, Franco-Nevada While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp."At $,1300 [an ounce], I will argue that gold is well priced," Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining...Read More

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,169.94, down 46.24 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 50 cents, or 5.25 per cent, to $9.03 on 10.5 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down five cents, or 1.32 per cent, to $3.74 on 9.4 million shares.Crescent Point Energy (TSX:...Read More