An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More

China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More

When Jake Klein spoke about Evolution Mining at the Northern Miner's Global Mining Symposium in May, the company's founder and executive chairman emphasized that his team was "continually looking to upgrade the portfolio" and predicted that "the next ten years are going to be even more exciting" than the previous decade.It was a bold forecast. After all, the Australian gold miner has grown quickly...Read More

Call it cross-pollination: Mining companies in Australia are taking up projects in Canada and Canadian mining companies are enthusiastic about projects in Australia. Here are eight companies to watch.FOCUS MINERALSFocus Minerals (ASX: FML; US-OTC: FCSUF) has two 100%-owned gold projects in Western Australia - Coolgardie and Laverton. Total resources in all categories at both projects contain 6.1 m...Read More

The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More

Norwegian-based aluminium and renewable energy producer Norsk Hydro released a summary of financial and production results for the second quarter of 2021 on Friday July 23.In brief: Norsk Hydro reported a 36% increase in total revenue generated in the second quarter of 2021, compared with the same quarter in 2020. Adjusted earnings before financial items, tax, depreciations, and amortization (EBIT...Read More

BHP (ASX: BHP, NYSE: BHP LSE: BHP), the world's largest miner, has inked a conditional agreement with a unit of Westshore Terminals Investment for its Jansen potash project in Canada.The deal, Westshore said, is subject to approval by BHP's board and dependent on whether BHP moves ahead with the first phase of its long-delayed potash project in Saskatchewan.Vancouver-based Westshore has agreed to...Read More

London Metal Exchange tin prices traded at fresh all-time highs of $34,700 per tonne on Friday July 23, with base metals starting the day in an uptrend despite mixed data from Europe's manufacturing industry.The metal had continued to make gains after Thursday's 5pm close of $34,195 per tonne, and experienced small clips of buying beyond algorithmic trades during morning trading before the market...Read More

Newmont (TSX: NGT; NYSE: NEM), the world's No. 1 gold miner, will make a decision on a US$2 billion investment at its Yanacocha mine in northern Peru's Cajamarca region before the end of the year, CEO Tom Palmer told investors.The oxide resources of the open-pit Yanacocha mine are close to being depleted, and the project is designed to mine the sulfide material underground.In a call to discuss the...Read More

Inventories of the base metals diverged in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most at 21.3% while copper stocks fell by 18.2%, according to the stocks report on Friday July 23.Zinc inventories stood at 36,440 tonnes on Friday, an increase of 6,387 tonnes from 30,053 tonnes on July 23.The inflows mainly came into warehouses operated by Quansheng Logisti...Read More

Skeena Resources (TSX: SKE: US-OTC: SKREF) has released a preliminary feasibility study on its 100%-owned Eskay Creek gold project. The study outlined an after-tax net present value of $1.4 billion and internal rate of return of 56%. A gold price of US$1,550 per oz. and silver price of US$22 per oz. were used.The project encompasses a former producing mine north of Stewart in British Columbia's Go...Read More

Iamgold (TSX: IMG; NYSE: IAG) recently updated construction progress and costs at its C??t?(C) gold project near Gogama, Ontario. The project is 65% owned and operated by Iamgold. Sumitomo Metal Mining holds the remainder.The C??t?(C) project is on schedule and was 27% complete at the end of June. Contractors are widening the road to the site and removing overburden. The concrete batch plant at t...Read More

Hot-rolled coil prices in the United States fell below$91 per hundredweight ($1,820 per short ton) on Friday July 23 after three consecutive business days above that threshold. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.80 per cwt ($1,816 per ton), down by 0.51% from $91.27 per cwt on Thursday July 22 and virtually unchanged from $90.75 per cwt one week earli...Read More

Inflection Resources (CSE: AUCU, US-OTC: AUCUF) is an early-stage exploration company focused on looking for gold and copper-gold deposits in the Macquarie Arc, part of the Lachlan Fold Belt, in eastern Australia.The Macquarie Arc is considered Australia's premier porphyry gold-copper province and hosts several world-class mines. These include Newcrest Mining's (TSX: NCM; ASX: NCM) Cadia operat...Read More

Crude steel production in Germany continued to rise in June, recording a fourth consecutive month of recovery, German steel federation WV Stahl said on Thursday July 23.German crude steel production totaled more than 3.42 million tonnes in June 2021, up from 2.47 million tonnes in June 2020, WV Stahl said.The sharp rise is partially explained, however, by a low comparative base - last year's domes...Read More

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.Fastmarkets assessed steel billet domestic, ex-works India at 42,200-42,400 rupees ($567-570) per tonne on Friday, up by 1,000 rupees from 41,200-41,400 rupees per tonne last week. "The billet price recovery is in...Read More

Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.Firm offers were still scarce in the Northern European HRC market, sources said.Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be so...Read More

A barrage of import steel billet deals have been concluded with Chinese buyers this week at progressively higher prices, sources told Fastmarkets on Friday July 23.Demand for imported billet has spiked at mills in China amid targets which would push down steel production in the country over the second half of 2021.Chinese steelmakers can use import billet to roll long steel products while simultan...Read More

Long steel producer Badische Stahlwerke has denied that there was a stoppage at its rolling mill in southwest Germany, a source at the company told Fastmarkets on Friday July 23.Heavy floods in Germany have interrupted the supply of steel products and raw materials across the country, with some flat steel producers even declaring force majeure to customers.There were market rumors on Friday indica...Read More