Turkish domestic scrap prices continued to decrease over the past week due to falling imported scrap values, market sources said on Monday February 1.Domestic steel mills reduced their buy prices for both domestic auto bundle scrap and ship scrap in response to the downturn in imported scrap costs, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey wa...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More

More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, were heard to have been traded in January 2021, the largest monthly volume since its launch in December 2018.The 65% Fe iron ore contract is traded in 100-tonne lots and its total volume for 2020 was close to 420,0...Read More

Iron ore prices fell on Monday February 1, sources told Fastmarkets, due to weak demand and limited trading liquidity, despite the potential impact of severe weather on supplies from Australia. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.07 per tonne, down $1.47 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.77 per tonne, down $1.28 per tonne58% Fe fines high-grade...Read More

Seaborne coking coal fob prices across the board rose on Monday February 1, sources said, adding that bids and offers for premium hard coking coal were higher than before while the cfr market remained quiet.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.54 per tonne, up $1.62 per tonnePremium hard coking coal, cfr Jingtang: $217.73 per tonne, unchanged Hard coking coal, fob DBCT: $133...Read More

Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday January 29 amid a downtrend for the fines segment in the same week.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $185.25 per tonne, down $9.44 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $225.49 per tonne, down $3.77 per tonne Key driversSeaborne prices for iron ore fines fell steeply last wee...Read More

Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday January 29.United States Prices for silicon rose for the third time in January over the assessment week to Thursday, with both domestic and global spot supply reported to be increasingly tight in the United States. Domestic producers welcomed a 7.4% preliminary duty determination on imports of Malays...Read More

The supply-driven rally in antimony prices, fueled by an ore shortage and shipping delays, continued over the past week with no ceiling in sight, markets sources said. Since the start of the year, the metal's value has risen by more than 20% for both grades."Prices are moving daily; you buy what you can get your hands on," a trader in Europe told Fastmarkets.Fastmarkets' price assessment for antim...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More

Key data from the Friday January 29 pricing session in Shanghai.Key drivers China's ex-works prices for magnesium increased on tight spot market supply after producers sold large volumes of the material on forward contracts. Sources said some downstream consumers ordered material at prices below 14,000 yuan ($2,167) per tonne and asked for the material...Read More

Glencore International has agreed a letter of intent for cobalt metal supply to battery cell producer Freyr, the company said on Monday February 1.The Swiss trader-producer will supply up to 3,700 tonnes of high-purity cut cobalt cathode produced at its Norwegian operations, Nikkelverk, to Freyr's planned facilities in Mo i Rana in Norway, it said without disclosing the time period for the intende...Read More

February 1, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce further high-grade drill results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fall/winter program consists of 20,000m of drilling, of which 11,533.65m has been completed. Assay results for 4,881.05m has been...Read More

With a long-standing history of mining, a developed regulatory regime and prospective geology, the United States is an attractive destination for companies looking to find and develop mineral deposits. Below, we present eight companies with assets in the country.Americas Gold and SilverAmericas Gold and Silver's Relief Canyon open-pit gold mine, 153 km northeast of Reno, Nevada. Credit: Americas G...Read More

Early results from the inaugural drill program at Getchell Gold's (CSE: GTCH; US-OTC: GGLDF) flagship Fondaway Canyon gold project in Nevada "exceeded expectations" says President Mike Sieb."We were thrilled with the initial drill results as the mineralisation was exactly where we had projected it to be," Sieb said in an interview. "Not only did the drilling encounter a broad zone of mineralisati...Read More

Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) has poured first gold (150 gold-equivalent ounces) from its Rodeo open pit mine in Mexico's Durango state.Mining at Rodeo kicked off in mid-January after the company received the final environmental permits for the project in mid-November 2020.Mineralized material from the Rodeo mine is processed at the company's Velardena oxide plant, about 115 km away.G...Read More

The most recent set of drill results from Maritime Resources' (TSXV: MAE) past-producing Hammerdown gold project in Newfoundland and Labrador suggests a new gold-silver discovery 150 metres east of the Hammerdown deposit. In addition, infill drilling at the Wisteria zone, along the southern edge of the deposit, returned broad gold intercepts.Assays from the new discovery, along strike from Hammerd...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldWhile he looks for ways to invest BHP's massive cash flows from iron ore Henry, and other mining company chief executiv...Read More

Probe Metals (TSXV: PRB; US-OTC: PROBF) has released the results of 20 drillholes completed along the Courvan gold trend within its Val-d'Or East property in Quebec. The expansion drill results suggest several new high-grade discoveries, the company says.At the Creek zone, deeper expansion drilling returned intercepts such as 7.5 metres of 14.8 grams gold per tonne ("the richest drill intercept ev...Read More