The nickel, copper and PGM miner has now fully suspended operations at its Oktyabrsky and Taimyrsky mines located in Russia's Far North, having announced a temporary suspension on February 24.Read More

Chinese nickel premiums widened upward in the week to Tuesday March 2, with a favorable import arbitrage and increased spot liquidity providing support, while terms in Europe and the United States were broadly flat.Nickel premiums rise in China, ore prices set another record highEuropean cut cathode premium rises 5%, others flatUS premiums unchanged as participants remain watchfulChina's refined m...Read More

Thompson will not seek re-election as a director at the 2022 annual general meetings. Thompson, a former geologist and investment banker, joined the board of Rio in 2014 and became chairman in 2017.Read More

The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More

Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More

The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy...Read More

The Turkish steel producers have resumed their deep-sea scrap purchases after a short break and have booked two cargoes at slightly higher prices, market sources said on Thursday March 4.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (95:5), 18,000 tonnes of shredded and 7,000-8,000 tonnes of plate and structural (P&S), at an average price of $471 p...Read More

Trafigura has confirmed it will hold a 19% stake in the Goro nickel mining and processing complex in the South Province of the French territory of New Caledoniia, 1,200km east of Australia.The announcement by the Swiss trading and mining company comes alongside reports that electric vehicle car maker Tesla will source material from the mine for use in its batteries.Trafigura is part of the Prony R...Read More

Metals News, interviews James Calaway, Executive Chairman Ioneer Ltd (ASX: INR), a world leader in the lithium space. Ioneer is an emerging US lithium-boron producer and the 100% owner of the Rhyolite Ridge, Lithium-Boron Project, located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. On January 21st, 2021 Ioneer announce...Read More

A summary of results for the lithium division of Chilean producer Sociedad Quimica y Minera (SQM) for the fourth quarter of 2020, as shown in its quarterly update published on Wednesday March 3.In brief The company reported a historical record volume of lithium sales in the last quarter of 2020, with 25,000 tonnes of lithium sold during September-December, although profits were dented by steady av...Read More

I don't think her intentions are dishonorable.She simply wants to live in a world where there is less of a divide between the poor and the absurdly rich.She wants to live in a world where every American has access to health care, quality education, and a safe place to live. Certainly, these are not bad things to want, nor are they impossible to achieve.But Sen. Elizabeth Warren's recently revived...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 4 that are worth another look....Read More

Eight industry associations representing various steel end-consumers in Europe have sent a letter to the European Commission (EC) asking for termination of the region's safeguard measures imposed on steel imports.The European Commission started an investigation on February 26 into the possible extension of existing safeguard measures, which are applied to imports of 26 steel product categories.The...Read More

Turkish domestic long steel prices increased over the past week because of rising imported scrap costs, but demand has not supported the rises, market participants told to Fastmarkets on Thursday March 4.Late on February 26, a steel mill in the Marmara region booked Baltic Sea-origin shipment of HMS 1&2 (80:20) scrap at $456 per tonne cfr, which pushed up the daily scrap on March 1, with Fastmarke...Read More

Turkish rebar and wire rod export prices have gone up further this week on increasing scrap costs, market sources said on Thursday March 4.The latest deep-sea scrap transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20). This raised the daily scrap index for US-origin material - which tends to reflect Balt...Read More

The Turkish steel producers have resumed their deep-sea scrap purchases after a short break and have booked two cargoes at slightly higher prices, market sources said on Thursday March 4.A steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (95:5), 18,000 tonnes of shredded and 7,000-8,000 tonnes of plate and structural (P&S), at an average price of $471 p...Read More

Join Fastmarkets and steel industry experts on Wednesday March 10 for a special webinar on the revival of the Chinese steel scrap import market - 'Understanding China's Steel Scrap Market Dynamics.'Fastmarkets has been at the forefront of reporting deals, obstacles and key regulatory changes in the Chinese steel scrap import market over the past year and on February 8 2020, started a daily pr...Read More

Despite the US Dollar gold price still falling, there are now many signs or contrarian indicators over the last few weeks that the gold price is close to a bottom. One of the major contrarian indicators is the sheer amount of Wall Street investment banks downgrading their gold price targets in just the last few weeks. Gold price sheds nearly $100 this week as Wall Street calls for more losses http...Read More

Jordan Roy-Byrne, Founder of The Daily Gold joins me to share his outlook on gold. We look at both the charts and fundamental aspects of what's driving gold.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisti...Read More