Steel beam prices in the European market have gone up this week following continuing rises in the costs of feedstock materials, sources told Fastmarkets on Wednesday March 13.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe went up by ?,?5 per tonne to ?,?610-640 ($688-721) per tonne delivered on March 13, from ?,?610-635 per tonne deliv...Read More

Gem Diamonds, a leading global diamond producer of high value diamonds, published its financial results. The firm reported a revenue of $267.3 million, compared to $214.3 million in 2017. It recovered 126.875 carats from the Letseng mine, compared to 111.811 carats in 2017. The average value achieved was $2,131/ct. compared to $1,930/ct. in 2017. In 2018, Gem Diamonds recovered no less than 15 di...Read More

The price for rebar produced and delivered in Southern Europe pushed higher on Wednesday March 13, with producers starting to find some traction in their efforts to raise prices against a background of high raw material costs.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe narrowed upward to ?,?515-520 ($581-586) per tonne delivered on Wednesday, from ?,?510-520 per tonn...Read More

The price range for rebar produced and delivered in Northern Europe stayed flat on Wednesday March 13 following a slight increase last week, with producers maintaining pressure on prices against what they see as a strong fundamental backdrop.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe remained at ?,?540-550 ($609-620) per tonne delivered on Wednesday, with thin deman...Read More

The Turkish steel mills hve taken a break from deep-sea scrap purchasing activity because of the increasing offer prices they are getting, sources said on Wednesday March 13.The producers in the country have been buying deep-sea scrap from various sources at a slow pace for a while, but were still cautious due to the weakness of finished steel demand.Only two UK cargoes have been sold so far this...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 transactions: iron oreIron oreBHP, Beijing Iron Ore Trading Center (Corex), 80,000 tonnes of 61% Fe Jimblebar fines, traded at the April...Read More

Iron ore prices experienced some fluctuation on Wednesday March 13 following ups and downs in the futures markets.MB 62% Fe Iron Ore Index: $84.78 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.90 per tonne cfr Qingdao, down $0.47 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.70 per tonne cfr Qingdao, down $0.65 per tonne. MB 58% Fe Premium Index: $74....Read More

Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe bought deal is priced at 64c, a 13.5% discount to its share price before the financing was announced. The company will sell 15.Read More

Seaborne coking coal prices softened on Wednesday March 13, with a trade on the Global Coal trading platform taking some market participants by surprise.A May-laycan cargo of premium hard coking coal in the branded segment was traded at $204 per tonne fob Australia, while a bid for an April-laycan shipment in the same segment was made on the platform at around $212 per tonne fob Australia during t...Read More

Australian rail freight operator Aurizon expects repair works on its rail infrastructure and overhead lines that suffered damage from a train derailment at the Dalrymple Bay Coal Terminal (DBCT) earlier this month to be completed by Friday March 15."At approximately 3.50pm, Sunday March 10, an empty Pacific National train derailed as it exited Dalrymple Bay Coal Terminal. No one was injured in the...Read More

Alkane maps own path to world-class critical metals producerSPONSOREDalkane resources"We are one of the lower-priced gold equities out there," he told Mining Journal in an interview in Toronto.Read More

The Singapore Exchange (SGX) has seen a "tremendous uptick" in iron ore futures trading activity due to supply concerns following the deadly breach at one of Vale's tailings dams earlier this year."There is suddenly a big squeeze on high-quality iron ore," the exchange's head of derivatives, Michael Syn, said in response to a question from Fastmarkets at an SGX press briefing at the 44th Annual In...Read More

Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesThe Canadian-listed Altan will drill...Read More

Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesQuebradona will receive an investment of $55 million, with Gramalote seeing $10 million.Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftThe company announced an updated resource for Iron Cap yesterday, in...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for January Durable Goods Orders was a drop of 0.6% versus an increase of revised 1.3% in December. Actual was an increase of 0.4%. Excluding Transportation, consensus for January Durable Go...Read More

Copper's three-month price on the London Metal Exchange could hit as high as $8,000 per tonne this year, Marex Spectron's head of market analytics Guy Wolf told delegates at Fastmarkets' International Copper Conference in Amsterdam on Wednesday March 13."My view is that we could see copper's three-month price on the LME move past $7,500 per tonne and reach $8,000 per tonne this year," Wolf said."I...Read More

The following Fastmarkets minor metals prices changed on Wednesday March 13:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 46,000-46,500 yuan per tonne from 47,000-48,000 yuanCobalt MB free market alloy grade, $/lb: $14.20-14.90 per lb from $14.60-15.75Cobalt MB free market standard grade, $/lb:...Read More

Canada has been selling off most of its remaining gold reserves to the general public. They have been selling gold coins and reaping better prices than dumping 400-ounce bars to bankers. The figures from the Bank of Canada and Finance Department show that the country held 77 ounces at the end of February. They sold over 21,000 coins in February. Through most of 2015, the country’s gold res...Read More

After the ferro-alloys industry gathered in Hong Kong this week for Fastmarkets' Asian Ferro-alloys conference, our reporters present 10 of the key things we learned. 1. Vanadium is likely to regain momentum in 2019... Many market participants at the conference were bullish about ferro-vanadium in 2019, citing robust demand as a result of the revised rebar standard in China, which mandated an incr...Read More