Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe company said drilling also intercepted mineralisation considerably beyond the 200m average depth-extent of historical drilling at Warintza Central. Highlights included 1,067m grading 0.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe company produced 1.21Moz gold and 119Mlb copper in the December quarter, achieving average prices of US$1,874/oz and $3.25/lb.Read More
The domestic price for hot-rolled coil rose day on day in Northern Europe on Thursday January 14 due to limited prompt supply, sources told Fastmarkets. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?705.12 ($858.99) per tonne on Thursday, up by ?,?13.87 per tonne day on day from ?,?691.25 per tonne on Wednesday. The index was also up by ?,?3...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineGold production fell 30% year on year in the December quarter to 13,534 ounces, while coppe...Read More
Flat and long steel imports into Brazil increased in December, amid strong price increases in both markets, according to the latest figures from the country's economy ministry.Brazilian total flat steel imports came to 91,522 tonnes in December, up by 54.99% from 59,051 tonnes in the same month in 2019.Imports of hot-rolled coil from Russia reached 4,037 tonnes in December 2020. In comparison, Bra...Read More
Sentiment in the CIS export steel billet market has been negatively affected by recent developments in import scrap prices in Turkey, with buyers being inactive and expecting prices to fall, sources told Fastmarkets on Thursday January 14.Buyers had mostly prepared to adopt a wait-and-see approach, considering the recent reverse of sentiment in the Turkish import scrap market [LINK], and were expe...Read More
The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc.But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains in...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesCopper production in Q4 was up 8.5% year-on-year to 14.Read More
Turkish billet prices made a downward correction on Thursday January 14 in line with negative sentiment in the scrap market and limited demand for the material. Market participants said they expected a slight downward correction in scrap prices, which resulted a slight decrease in billet prices in Turkish domestic, export and import markets. Fastmarkets' weekly price assessment for steel bill...Read More
Look beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020...Read More
China large cap iShares (FXI) moved above $48.71 extending an intermediate uptrend after China's December trade data beat consensus.Cintas (CTAS), a NASDAQ 100 stock moved below $334.13 setting an intermediate downtrend. Pre-opening Comments for Thursday January 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Delta Airlines add...Read More
Ferrous scrap exports from the United States were marginally lower month on month in November, with shipments to Bangladesh, Turkey and Mexico all declining, according to the latest figures from the US Census Bureau.US exports of ferrous scrap totaled nearly 1.49 million tonnes in November, down by 0.4% from 1.49 million tonnes in October but still up from almost 1.18 million tonnes in September.S...Read More
Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) has reported a steep increase in output and sales in the fourth quarter of 2020 due to recovery in the European steel industry from the consequences of the Covid-19 pandemic and a gradual restart of steelmaking capacities.Improved demand for blast furnace coke across the EU due to the restarts had a positive effect on JSW's results for the...Read More
British steel scrap suppliers have achieved hefty price increases for steel scrap grades delivered monthly to domestic consumers for January amid a surge in demand for exports, industry sources told Fastmarkets this week. The UK steel scrap consumer market has extended monthly prices increases for the third month in a row, citing reduced scrap generation for the past several months that is showing...Read More
Turkish steel producers continued to hold back from deep-sea scrap purchases with sentiment turning negative, sources told Fastmarkets on Thursday January 14.Since a number of steel scrap cargoes were booked at the end of last week, mills have been quiet.The number of offers from suppliers in the United States and Russia, however, has increased, according to sources."Suppl...Read More
In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.In March, however, when the steel industries of Europe and the United States began to feel the effects of various national lockdowns, the Chinese market began to recover and soon resumed normal operating rates. Thus, Chin...Read More
Iron ore prices went up on Thursday January 14, sources told Fastmarkets, supported by a rebound in futures, with lump performing well at Chinese ports due to tight supplies. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.36 per tonne, up $2.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.78 per tonne, up $1.88 per tonne58% Fe fines high-grade premium, cfr Qingdao:&...Read More
Despite edging down on Thursday January 14, seaborne coking coal prices are now gaining strength across the board after a bumpy few days in the fob market, sources told Fastmarkets. Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.89 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $208.57 per tonne, down $0.38 per tonneHard coking coal, fob DBCT: $9...Read More
The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc. But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains i...Read More
China's stainless steel prices continued to rise over the week ended Wednesday January 13 amid a positive outlook for end-user demand and a recovery of the nickel market. Nickel prices rose this week after Philippine President Rodrigo Duterte ordered the closure of mining operations on Tumbagaan Island in Languyan, in the province of Tawi-Tawi. The three-month nickel contract on the London Metal E...Read More