The seaborne coking coal market continued to weaken on Wednesday July 3 with fob Australia offers falling further while Chinese participants took a step back in anticipation of the outcome of a couple of tenders.A cargo of unbranded materials was offered at $185 per tonne fob Australia on the Global Coal trading platform during the day, down $1 per tonne from a day earlier. A shipment of branded m...Read More

China will allow 15,000 tonnes of ferrous scrap to be imported in 2019, according to a notice seen by Fastmarkets MB this week.The China Solid Waste & Chemicals Management Center listed nine companies in Zhejiang province that have been awarded quotas to import ferrous scrap through ports in the cities of Ningbo and Shanghai. The companies, listed below, can use their quotas in the third and fourt...Read More

Michael Overlander will leave his role as chief executive officer at Sucden Financial and move to become non-executive Chairman of the company, effective of January 1, 2020. Current deputy CEO Marc Bailey will take over the role of CEO from Overlander, Sucden confirmed on July 3. Overlander has worked for the Sucden Group since 1973 and was appointed to the board of Sucden Financial in 1984. He ha...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:15 AM and 8:30 AM EDT. Consensus for June ADP Private Employment was 140,000 versus 27,000 in May. Actual was 102,000 .Consensus for May U.S. Trade Deficit was $53.5 billion versus upwardly revised $51.2 billion...Read More

Exporters of Chinese hot-rolled coil pushed ahead with higher prices on Wednesday July 3 on expectations of a turnaround of the domestic market, notwithstanding the day's losses.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($566-568) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, down 30 yuan per tonneSpot prices fell further after mills lowered their...Read More

The following Fastmarkets minor metals prices changed on Wednesday July 3:Minor metalsAntimony MB free market regulus, $/tonne: $6,100-6,250 per tonne from $6,180-6,400Antimony MMTA standard grade II, $/tonne: $6,000-6,200 per tonne from $6,100-6,350Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 37,500-39,000 yuan per tonne from 38,000-39,000 yuanBismuth...Read More

Key data from the Fastmarkets' Wednesday July 3 pricing session in Europe:Key drivers The European ferro-titanium price fell for the sixth consecutive week after six weeks of stability.Demand has been quiet while the market moves into the seasonal summer slowdown, although some European suppliers say they are resisting going as low as the prices currently being offered from Russia. The initial bou...Read More

Two hundred and forty-three years ago, our Founding Fathers signed the Declaration of Independence, freeing our great nation from the rule of the British Empire. On July 4th, we acknowledge their courage with celebrations all across the country. While you probably associate the fourth now with fireworks, cookouts, and summer mattress sales, I'm willing to bet you still hold freedom as one of your...Read More

More than half of retirees have retirement regrets. And, as you can imagine the regrets range from "I wish I started saving earlier" to "I wish I traveled more when my health was good." But, the number one biggest regret most retirees have is claiming Social Security too early. As many as 57% of recent retirees chose to claim Social Security before their full retirement age, locking themselves int...Read More

China's leading stainless steel mills -Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have cut their July tender prices for high-carbon ferro-chrome by 450-500 ($65-72) yuan per tonne month on month on July 3.Tsingshan and Baosteel announced the month on month 450-yuan-per tonne reduction in their July tender prices for high-carbon ferro-chrome earlier in the morning on July 3, with...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 3:Aluminium scrapCommercial pure cuttings: ?870-920 per tonne from ?900-950Loose old rolled cuttings:...Read More

Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More

Lucara Diamond's (TSX-LUC) Karowe mine in Botswana continues to turn out enormous diamonds.The latest, in April, weighed in at 1,758 carats.While the diamond was recovered unbroken, the stone is not all gem quality. Instead, it's characterized as near-gem of variable quality, including domains of high quality white gem.Karowe previously turned out the 1,109-carat Lesedi La Rona gemstone, which sol...Read More

We're hosting our second annual Diamonds in Canada Symposium in June in Toronto at an unlikely time.In a sector that has seen so much uncertainty in the past decade, investor sentiment towards diamond mining seems to have reached its nadir.The only question is who is right about the future of diamond mining. Is it the doomsayers, who believe what we're seeing right now is the death knell of the in...Read More

Japan closed all 76 of its gold mines during World War II and reallocated personnel to base metal mines and factories. After the war, it only re-opened 12 of the mines, leaving the other 64 closed to this day.It wasn't until 2012 that Japan allowed foreign mining companies to come to its shores for the first time in its history.That's when entrepreneur John Proust formed Japan Gold (TSXV: JG; US-O...Read More

Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Complexity, nuance, and subtlety have not translated well into the age of social media.Read More

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