Prices for long and flat stainless steel products in Europe were stable this week, but higher prices were beginning to emerge in the market following the increase in monthly surcharges, market participants told Fastmarkets on Friday March 8.The March surcharges for grade-304 cold-rolled (CR) stainless sheets increased to ?,?1,308-1,351 ($1,474-1,522) per tonne on March 1, according to data release...Read More

Goldcorp, (TSX: G, NYSE: GG) Yamana Gold, (TSX:YRI; NYSE: AUY) and Glencore (LSE:GLEN; JSE:GLN) signed an integration agreement this week that stipulates the Agua Rica copper-gold project in Argentina will be developed and operated using the existing infrastructure and facilities at the Alumbrera mine."The integration of the Agua Rica project and the Alumbrera mine has significant merit given the...Read More

The Indonesian government issued one-year export recommendations for copper concentrate to miners PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, officials from the Ministry of Energy and Mineral Resources said on Friday.Freeport was given an allowance of 198,282 wet tonnes of copper concentrate, while Amman was given 336,100 wet tonnes, said Yunus Saifulhak, director of minerals at the...Read More

Brazil's new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.Most of the country's original population lives in the Amazon rainforest, which has an ecosystem seen by many as having worldwide ecological importance. Speaking at an event in...Read More

Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country's No.1 gold producer said Friday a brief spill affecting the operation has already been halted.The miner says the spill happened because sections of a pipeline used to carry water to a tailings storage facility were either vanda...Read More

The US copper rod premium has again held steady, although market participants noted pressure from solid demand and tightening supply, citing reported output issues at copper rod producer Asarco.Fastmarkets AMM's assessment of the US copper rod premium was unchanged at 15-17 cents per lb delivered to the Midwest on Thursday March 7; the premium has remained at that level since January 3. "Demand is...Read More

The price of copper slid back again on Friday after trade data showed a plunge in Chinese imports of refined metal, even as concentrate shipments set fresh highs.Copper for delivery in May hit a low of $2.89 per pound ($6,370 a tonne) in overnight trading on the Comex market in New York, down from just shy of the $3.00 mark reached a week ago.China consumes half the world's copper, and trade data...Read More

The aluminium scrap market in the United States was largely unmoved over the past week, but with expectations of warmer weather to come - and uncertainty regarding the robustness of secondary aluminium alloy demand - some scrap prices came under pressure."Some suppliers are still trying to eke out a little push in terms of price from previous weather delays, but with warmer weather coming now and...Read More

Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Friday March 8, with most metals ending the week down despite strong fundamentals across the complex and continued market optimism over US-China trade resolution. Losing momentum over the afternoon, the three-month nickel price fell to just over $13,000 per tonne amid continued selling pressure. ...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Engelhart Commodities Trading Partners (ECTP), formerly known as BTG Pactual Commodities, has exited London Metal Exchange warehouse operations in Malaysia, according to an LME notice published on Friday March 8. The London-based commodity trader has been reducing its physical base metals trading operations since November 2018, liquidating aluminium stocks and cutting down its team of physical tra...Read More

Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly down week on week on Friday March 8, with lead leading the descent in percentage terms, while copper stocks registered a 4% gain. Deliverable lead stocks at SHFE-approved warehouses have fallen by 928 tonnes or 3.2% since March 1 to 28,427 tonnes as of March 8. Over the week to Friday, warehouse company Guochutianwei in...Read More

Coated steel base prices firmed in the United States this past week due to steady demand, while cold-rolled coil was steady compared with the previous week, market participants said.Fastmarkets AMM's weekly assessment for the domestic hot-dipped galvanized steel base price moved to $41.50 per cwt ($830 per short ton) on Thursday March 7 from $41 per cwt a week earlier, and the all-i...Read More

Prices for coated steel products in Turkey decreased in the seven days to Friday March 8, with demand weak in both the domestic and export markets.Demand was unlikely to improve in March, sources told Fastmarkets, because of market uncertainty in the period before mayoral elections to be held across the country on March 31.Buyers want to see if end-user demand improves after the elections and have...Read More

Some steel coil prices in Turkey decreased again in the week ended Friday March 8, with buying activity remaining subdued.The market is unlikely to improve in March because of the uncertainty in the build-up to Turkey's mayoral elections held on the last day of the month, sources told Fastmarkets. Market participants want to wait and see if end-user demand improves after elections are over.Additio...Read More

China's export hot-rolled coil (HRC)trading was thin this week, with sellers still insisting on prices too high for most overseas buyers to accept on Friday March 8.DomesticEastern China (Shanghai): 3,820-3,830 yuan ($569-571) per tonne, narrowing downward 10 yuan per tonneNorthern China (Tianjin): 3,770-3,780 yuan per tonne, up 10-20 yuan per tonneTrading was thinner in Shanghai compare...Read More

Import prices for steel billet in Southeast Asia were up slightly on Friday March 8 amid pressure from elevated offer levels, although some buyers were still unwilling to increase their bids this week, market participants said. Fastmarkets' daily import price assessment for billet in Southeast Asia was $480-490 per tonne cfr Manila on Friday, widening upward by $5 per tonne from $480-485 per...Read More

South Africa's Petra Diamonds (LON:PDL) has found a 100.83 carat gem-quality diamond at its iconic Cullinan mine in South Africa.The D-colour, Type II diamond follows the recent recovery of a 6.12 carat Type II blue stone, also at Cullinan.The company has piled up debt after building a new plant and digging deeper at its flagship Cullinan diamond mine."The recoveries demonstrate the prevalence of...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: Hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

In this opinion piece, De Beers Group CEO Bruce Cleaver outlines the diamond miner's approach to creating a more inclusive world for all.For more than a century, International Women's Day has been celebrated annually on March 8 to recognise the social, economic, cultural and political achievements of women around the world. The day also marks a call to action for accelerating gender parity...Read More