Renewed demand in the European molybdic oxide and ferro-molybdenum markets has pushed prices higher this week after dipping the week before when slower demand encouraged profit-taking, sources told Metal Bulletin. Metal Bulletin assessed molybdic oxide prices at $12.10-12.50 per lb in-warehouse Rotterdam on Wednesday February 7, up 50 cents from Friday. The market was assessed at $9.80-9.90 p...Read More

Indian miner Vedanta Resources is "assessing the financial and operational impact" of the Indian Supreme Court's decision to cancel all iron ore mining leases in the southern state of Goa with effect from March 16 this year.Vedanta will be able to continue its mining operations in Goa until March 15, it added in a statement to the London Stock Exchange on Wednesday February 7.A total of 88 mining...Read More

Iron ore prices stayed firm above $77 per tonne cfr China on Thursday February 8 amid expectations that demand for high-grade fines would be sustained by a focus on environmental protection in China. Metal Bulletin's 62% Fe Iron Ore Index Today: $77.32 per tonne cfr Qingdao Daily change: up by $0.12 per tonne Month-to-date average: $75.57 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61....Read More

Buying interest for seaborne coking coal remains firm despite the Chinese New Year being just a week away. A cargo of premium low-vol hard coking coal was heard to have traded around $235 per tonne cfr China late on Thursday February 8. This is the second transaction heard this week that was concluded above $230 per tonne cfr China."The market is well supported as Chinese buyers are showing a lot...Read More

The seaborne iron ore market remained firm on Thursday February 8 with demand for high-grade fines expected to be sustained by the Tangshan government making environmental protection a key focus for the city.Key drivers Local authorities north China's Tangshan have set up a special committee to focus on environmental protection in the region. With this, market participants are expecting measures t...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 oreBHP, Beijing Iron Ore Trading Center, 90,000...Read More

Cobalt and lithium consumers are prepared to help fund projects into production by prepaying for material amid projected strong demand from the electric vehicles market, according to Cape Lambert director Stefan M? 1/4 ller. Pricing power is in the hands of producers, while consumers have underestimated how tight cobalt and lithium supply will become, M? 1/4 ller told Metal Bulletin on the sidelin...Read More

Selenium prices moved up this week reaching its highest since May 2017 on continued material tightness and healthy appetite from Asian consumers. Metal Bulletin's selenium free market in-warehouse price rose to $19-21.50 per lb on Wednesday February 7, an increase of 2.5% from the previous assessment to a level last seen in May 2017. "The market is really heading up," a trader in Europe said....Read More

Base metals traded on the London Metal Exchange are little changed this morning, Thursday February 8, with copper (+0.5%) and zinc (+0.5%) the only metals in positive territory, while the rest are under slight downward pressure. Volume remains healthy, however, with 18,941 lots traded as of 07.16 am London time.The base metals complex seems to be undermined by a more pronounced appreciation in the...Read More

Key data from the Wednesday February 7 pricing session in Shanghai.Cobalt Metal MB China domestic min 99.8% RMB/tonneKey drivers- The Chinese cobalt price retreated to 580,000-620,000 yuan per tonne (equivalent to $35.91-38.39 per lb ex-China VAT) on Wednesday, down by 0.4% from a week earlier, according to Metal Bulletin's latest assessment.- Slack demand ahead of the Chinese New Year break (Febr...Read More

Imports of stainless cold-rolled coil and sheet from China, Taiwan, South Korea and Thailand will be subject to anti-dumping duties until February 7, 2023, the Malaysian authorities announced on Thursday February 8.The move was the result of investigations started in May 2017 after major Malaysian mill Bahru Stainless filed a petition on behalf of the domestic industry. Bahru Stainless&n...Read More

China's ferrous futures ended the morning trading session on Thursday February 8 little changed from their opening prices. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,937 ($628) per tonne, up 7 yuan per tonne May hot-rolled coil: 4,029 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 522.50 yuan per tonne, down 2 yuan per tonneMay cok...Read More

The appreciation of the Chinese currency against the US dollar and the suspension of export offers ahead by several mills ahead of the Lunar New Year resulted in East Asian stainless steel prices rising slightly over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,320 per tonne cif East Asian ports for the week ended Wednesday Febru...Read More

China's iron ore imports jumped 9.3% year on year in January to pass 100 million tonnes - making it the second-highest ever monthly total.The world's largest buyer of the steelmaking raw material took in 100.34 million tonnes last month, up from 91.82 million tonnes a year earlier, according to preliminary Chinese customs data...Read More

Shares in Vedanta, the London-listed natural resources company controlled by one of India's richest men, fell as much as 5.5% on Thursday on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in Goa.According to the ruling, the process of renewing the cancelled permits in 2015 was against the law. As a consequence, the country's top court said that no...Read More

Canadian billionaire Robert Friedland, founder and executive chairman of Ivanhoe Mines (TSX:IVN), has joined the debate over the Democratic Republic of Congo's imminent hike to mining taxes by saying his company would pay higher royalties and taxes, but only if that money benefits locals.The Vancouver-based company, which is developing the Kamoa-Kakula copper deposit in the Central African nation...Read More

Sotheby's unveiled Thursday what it calls the "world's largest, rarest and most valuable D-Flawless round white diamond to have ever been offered for private sale, with experts predicting the gem could fetch over $33 million.The 102.34-carat white diamond, mined by De Beers in Botswana, is the only known round brilliant-cut gem over 100 carats perfect according to every critical criterion, said S...Read More

Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More

https://www.theglobeandmail.com/The federal government is proposing to overhaul the way environmental assessments are conducted in Canada, aiming to reduce red tape, provide greater transparency and allow greater input from the public and Indigenous populations.At the same time, Ottawa says it will replace the National Energy Board with a Calgary-based oversight body designed to respond to emergin...Read More

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