Seaborne coking coal prices continued to be supported by regular procurement demand in the cfr market on Monday July 26, while the fob market was largely stable on new buying interest for August-loaded cargoes.Fastmarkets indicesPremium hard coking coal, fob DBCT: $214.63 per tonne, down $0.43 per tonnePremium hard coking coal, cfr Jingtang: $315.07 per tonne, up $0.66 per tonneHard coking coal, f...Read More

Crude steel production cuts that are gradually being implemented in China have resulted in a switch in preference for iron ore brands among steelmakers in the country, sources told Fastmarkets.While the overall demand for iron ore has started to weaken, low-grade fines are generating more buying interest, sources said.A month ago, low-grade fines started to gain favor among mills amid weakening ma...Read More

Prices for seaborne iron ore pellets and concentrate went down in the week ended Friday July 23 amid a downtrend in the wider market for the steelmaking raw material.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $60.80 per tonne, down $1.20 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $295.27 per tonne, down $8.96 per tonne.66% Fe concentrate, cfr Qingda...Read More

China's domestic prices for hot-rolled coil increased on Monday July 26 due to early-hour futures gains, but the export market was inactive due to participants' concern about a possible export duty.DomesticEastern China (Shanghai): 5,900-5,910 yuan ($910-911) per tonne, narrowing upward by 40 yuan per tonneSome sellers raised prices following strong futures in the morning. The most-traded October...Read More

China's domestic rebar prices maintained their upward trend on Monday July 26 on replenishment demand from trading houses, but end user demand remained weak, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,340-5,370 yuan ($823-828) per tonne, up by 70-80 yuan per tonneTrading houses purchased actively on Monday because they expect rebar prices to rise due to likely production res...Read More

Base metals on the London Metal Exchange edged up during morning trading on Monday July 26, building on gains averaging about 1.3% made last Friday amid a myriad of supportive factors.The exchange's nickel price was at $19,450 per tonne at 9am on Monday, after touching $19,645 per tonne during early trading. This compares with $19,372 per tonne last Friday.The metal gained 4.8% last week, having h...Read More

Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday's gains on the London Metal Exchange that averaged 1.3%. Chinese equities under pressure after authorities tighten regulationsPre-market western equity index futures showing a weaker startBase metalsLME three-month base metals prices were mainly weaker this mor...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...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...Read More

Key data from Fastmarkets' pricing session in China on Friday July 23. Key drivers: The Chinese manganese flake price became bullish on news that some manganese flake producers in the country will suspend their operations and cut their production...Read More

Key data from Fastmarkets' pricing session in China on Friday July 23.Key drivers: Spot availability has been tighter following news of a furnace accident at a major silicon producer, while another major producer has raised its offer price....Read More

China's leading stainless steel producer, Tsingshan Group, has set its tender price for August-delivery ferro-chrome at 10,795 yuan ($1,665) per tonne, the company announced on Monday July 26. This is its highest tender price since September 2008.The tender price is also 2,400 yuan per tonne (29%) than what the eastern Chinese mill had sought for July-delivery material.Supply interruptions Market...Read More

The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its Top 10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization, as of July 7, 2021. The data was compiled by our sister company, MiningIntelligence.1. Barrick GoldMarket cap: 47.23 billion (US$37.98 billion)The...Read More

Talisker Resources (TSX: TSK) will acquire New Carolin Gold (TSXV: LAD) and its 143.8-sq.-km Ladner gold project in southern B.C. in an all-share deal valuing the shares at 9.5 cents apiece.The highway-accessible Ladner project covers the northern part of the Coquihalla gold belt and contains the former Carolin gold mine. Located about 150 km east of Vancouver, the project has an existing mine per...Read More

La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a US$1.4 billion fund to hold the magnate's gold mining investments and pursue new opportunities in the sector.The vehicle, named La Mancha Fund SCSp, is open to new investors and will also invest in battery metals needed for electric vehicles, the Luxembourg-based private firm said.It noted that the first closing had a...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has approved a US$108 million underground development at the Kennecott copper project in Utah. The expenditure will support a feasibility study for underground mining.The study will assess underground development options for the Bingham Canyon mine and is expected to be completed in 2024. Existing workings from previous underground projects will be extende...Read More

Two of the biggest topics facing miners are electrification and automationSPONSOREDauto-mateZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsHigh-grade Costerfield gold mine drives turnaroundSPONSOREDmandalay resourcesNZ heeds the call of Siren GoldSPONSOREDsiren goldDamaging at first because Australian coal miners were caught by surprise when China closed its doors last y...Read More

A researcher at the University of Alberta in Canada has discovered that nano humus, a substance extracted from coal mine deposits and then crushed to a black, powdery material, is highly effective at helping reclaim the land and water used in mining.According to Yihan Zhao, nano humus has "outstanding physical and chemical properties" that remove heavy metals from contaminated water and soil. The...Read More

Evolution Mining (ASX: EVN) announced on July 22 that it is acquiring assets from Northern Star Resources' (ASX: NST), most of which are within eight km of its Mungari mine in Western Australia. The deal gives Evolution a portfolio of underground mines close to Mungari's mill, "provides a pathway" to growing Mungari to a 200,000 oz. gold a year producer, and offers loads of exploration upside. Evo...Read More

The S&P/TSX Venture Composite Index dropped 0.63% to finish the trading week at 902.56. Spot gold fell US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce.Nouveau Monde Graphite climbed 39 ? to $8.95. On July 21, the company announced the appointment of SD Capital Advisory (SDCA) and GKB Ventures (GKB) as joint financial advisors to assist with the financing for its flagship Matawinie graphite...Read More