Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe regulator found 18 irregularities related to Caserones with 11 deemed "severe".Read More

Turkish scrap import prices went down as expected on Wednesday February 20, following news of a fresh deal for a deep-sea cargo.A steel mill in the Marmara region booked a UK cargo of 10,000 tonnes of HMS 1&2 (80:20) at $316 per tonne cfr.The news of this cargo sent the daily scrap indices down sharply on Wednesday.The daily index for Northern Europe-origin HMS 1&2 (80:20) was...Read More

The decision will in effect limit supply from 2022-23, although CEO Ivan Glasenberg said a price impact would likely come from the decision."I believe it will put pressure on the price," he said during the 2018 results presentation.The cap will be around 150 million tonnes a year. Despite an 8% higher year-on-year adjusted EBITDA of US$15.8 billion, the company's profits fell 41% compared to...Read More

Seaborne iron ore prices fell across the board on Wednesday February 20 amid a quiet trading day, while Fortescue Metals Group (FMG) announced its product discount levels for March.MB 62% Fe Iron Ore Index: $88 per tonne cfr Qingdao, down $1.21 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.40 per tonne cfr Qingdao, down $1.21 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.10 per tonne...Read More

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe company was revitalised last year when a leadership shakeup saw Colin Bird take the helm as chairman and the appointment of Laurence Read as CEO. Bird has created a strong following over a 40-year career, which includes the sale of Zambian copper-nickel explorer Kiwara plc to First Quantum for US$260 million a decade ago. Read has a l...Read More

Seaborne coking coal prices were largely stable on Wednesday February 20 with market participants describing supply and demand as being in a tight balance.A prompt cargo of premium hard coking coal was sold at $203.20 per tonne cfr China earlier in the day to an end user in Tangshan, in China's Hebei province. This is just $0.30 per tonne below a transaction involving the same brand of materials t...Read More

China's steel and iron ore futures fell during morning trading on Wednesday February 20, while the coking coal and coke contracts ended the session a tad higher than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,592 yuan ($531) per tonne, down 38 yuan per tonneMay hot-rolled coil: 3,591 yuan per tonne, down 27 yuan per tonneDalian Commodity Ex...Read More

BHP expects metallurgical coal prices to remain above long-term marginal costs with the support of Chinese policies and incremental demand from India and Southeast Asia despite volatility within and across the years.The Chinese government's focus on pollution controls has continued to drive sales of its high-quality coking coal in the 2018 calendar year, the miner said on Tuesday February 19. The...Read More

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesPrivate equity firm Waterton Global Resource Management, which owns 12% of Hudbay, said Tuesday it had published an investor presentation that laid out what it believed was the right strategic pathRead More

BHP does not see a case for any major new investment for the iron ore sector in its long-term view of the market despite recent supply disruptions in Brazil."[...] we have been concentrating for some time on maximizing the capacity of our existing investment, and we continue to do that and [...] have no plans we would change as a consequence of what is happening and the current high price, because...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. Devon Energy added $1.99 to $30.30 after announcing an additional $5 billion share buyback program The company also increased its dividend.Wal-Mart (WMT $102.20) is expected to open higher after KeyBanc Capital raised its target price to $120 from $112.Garmin gained $5.94 to $76.91 after...Read More

Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Wednesday February 20, with market sentiment benefiting from continuing trade negotiations between the United States and China. Both copper and nickel futures are trading higher so far this morning, with the former comfortably above $6,300 per tonne, and up by more than 6% since the beginning of the...Read More

Export prices for Chinese hot-rolled coil edged up further on Wednesday February 20, with exporters insisting on high offers amid expectations that the domestic market - though it weakened during the day - would pick up due to rising costs upstream.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($550-554) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,670-3,700 yuan per tonne, do...Read More

The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 20*Copper -$147.03 (-991.62 yuan)Aluminium -$323.54 (-2,182.07 yuan) Zinc -$95.16 (-641.77 yuan) Nickel -$290.43 (-1,958.73 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More

Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries.The forecast for sales growth of up to 14% this year comes as anxiety grows among some investors that the race to supply lithium for batteries and othe...Read More

Remember the old days? When you'd sit down at your kitchen table with a stack of bills on one side and a checkbook on the other. Paper envelopes were opened and receipts saved as you desperately tried to organize your finances.Managing your money was a full-day affair and even after you'd finish, it was hard to tell exactly where you stand. Times have changed. Tracking your money and staying on...Read More

“Bill, can you explain why you’re holding so much cash?”My boss and mentor was on the hot seat. And our investors weren’t happy. They felt like they were missing out on some key opportunities and wanted Bill to do something about it!Fortunately, Bill had a good response. Our investments were performing well, and our long-term returns were well ahead of the market. Plus, our...Read More

The following Fastmarkets minor metals prices changed on Wednesday February 20:Minor metalsCadmium MB free market min 99.99%, cents/lb: 137-145 per lb from 136-143Cobalt MB free market alloy grade, $/lb: $15.90-17.35 per lb from $15.90-17.95Cobalt MB free market standard grade,...Read More

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