Chilean copper producer Codelco's board of directors has approved a $1.24 billion investment in the expansion of its El Teniente facility just south of the capital, Santiago, the state-owned copper producer said on Tuesday January 19.Those capital expenditures represent the total budget estimated for the Diamante and Andesita projects, and will be spent together with another $1.93 billion, already...Read More

Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today that on January 15, 2021 it received notice that the Company's Graphite Creek Project has been designated a High?EUR?Priority Infrastructure Project (HPIP) by the U.S. Government's Federal Permitting Improvement Steering Committee (FPISC). The approval is the culmination of a pro...Read More

The company was previously planning to start full construction of Winu in the June quarter of 2021 for first production in 2023, but warned in October that a review of heritage disturbance inRead More

The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More

New investment from groups in the UK, USA, China and Australia was "an endorsement of Oxbotica's go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in the future".The groups include UK-based BGF, IP Group, Halma and energy major BP; San Francisco-headquartered Venture Science; China's Tencent Holdi...Read More

Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More

Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.In both regions where prices are assessed by Fastmarkets, major scrap consumers applied price increases early last week, and some applied a second increase between January 15 and 18.In the region near the northern city of M...Read More

Turkish deep-sea scrap import prices have gone down once again in the latest trade heard for a US-origin cargo, sources said on Tuesday January 19.A steel mill in the Marmara region booked a US cargo, comprising 6,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 22,000 tonnes of shredded and 1,500 tonnes of bonus at $460 per tonne cfr. The deal was agreed on January 16, with the cargo scheduled to...Read More

The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More

Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process. The rebound in the dollar in recent weeks seems to be acting as a headwindBase metals Three-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an...Read More

Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More

Share this articleVANCOUVER - Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62) sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, reported that it has received approval and drilling licenses for Phase Two of its three-phase drilling program on Alpha's 100% owned, 27,500-hectare Tolillar Salar.The drilling licenses replaced the previous li...Read More

Hot-rolled coil prices in the United States held steady while buyers continued to struggle in their quest for spot tonnage at the domestic mills. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.86 per hundredweight ($1,137.20 per short ton) on Tuesday January 19, little-changed from $56.92 per cwt on the prior business day - Friday January 15 - and an increas...Read More

Wall Street loves a chance to make billions of dollars - as long as it makes most of the profits and transfers most of the risk. The now-popular special purpose acquisition companies (SPACs) were created just for that.Like they used to say in the Old West, when you sit down at the poker table and don't know who the sucker is, it's you.SPACs are on fire lately. They are nonoperating companies that...Read More

The domestic price for hot-rolled coil in Northern Europe inched down day on day on Tuesday January 19 due to slow market activity, sources told Fastmarkets. Both buyers and steelmakers have been holding back from making new deals, according to market participants. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?719.00 ($868.00) per tonne on Tuesda...Read More

Rebar buyers in the UAE have done deals this week at the higher prices announced last week, but there is little demand for billet imports because producers have ample stocks, sources told Fastmarkets on Tuesday January 19.And billet import activity is likely to remain slow for another week or two, depending on local demand for rebar, they added.Domestic rebarThe country's steel producers...Read More

China's domestic rebar prices lost their upward momentum on Tuesday January 19 amid a weakening of the futures market.DomesticEastern China (Shanghai): 4,300-4,330 yuan ($662-667) per tonne, unchangedRebar futures plunged on expectations of falling demand from the construction sector in the next month due to the Chinese New Year in the second week of February, sources said.As such, sellers in the...Read More

Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More

Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.In both regions where prices are assessed by Fastmarkets, major scrap consumers applied price increases early last week, and some applied a second increase between January 15 and 18.In the region near the northern city of M...Read More