Eastern China's domestic rebar price decreased slightly on Monday August 16 after the National Bureau of Statistics (NBS) released housing industry data for July.DomesticEastern China (Shanghai): 5,190-5,220 yuan ($801-806) per tonne, down by 10 yuan per tonneThe total area used for new housing construction totaled 1.19 billion square meters in January to July, down by 0.9% year on year, while the...Read More

Hot-rolled coil prices in China's domestic market remained stable on Monday August 16, subdued by weak economic data but supported by a sharp decline in output.DomesticEastern China (Shanghai): 5,750-5,810 yuan ($888-897) per tonne, upward widening by 30 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange slipped to 5,675 yuan per tonne on Monday morning, before clawing bac...Read More

Most prices on the London Metal Exchange started the week on lower ground than last Friday on Monday August 16, following worse-than-expected Chinese economic data published over the weekend.Nickel's three-month price, for example, was down to $19,530 per tonne on Monday at 9am, from Friday's closing price of $19,656 per tonne after rising 5.6% from last Monday's $18,620 per tonne.Similarly, coppe...Read More

International cobalt metal prices softened on Monday August 16 with competitive offers emerging; some sellers are willing to drop their offers to take profits in a quiet market, sources said.Lower offers started to emerge last week and gradually brought downward pressure to the market amid thin liquidity, which is typical during the peak summer holiday period.Fastmarkets' assessment of the price o...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

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,...Read More

Key data from the Friday August 13 pricing session in Shanghai.Key drivers China's domestic magnesium prices surged due to spot supply shortage from producers.Some producer sources said they had signed forward contracts with buyers, because they did not have spot material available for the...Read More

Key data from Friday August 13 pricing session in Shanghai.Key drivers Sellers reduced their offers in the hope of facilitating sales. Regular participants held their offers at 530-550 yuan ($82-85) per kg but offers below 520 yuan per kg were also...Read More

Fastmarkets today launches two daily indices for cfr China ferrous scrap prices, reported on a US-dollar-per-tonne basis.After the original consultation period for this proposed launch, which ended on August 9, Fastmarkets has launched its steel scrap, index, heavy recycled steel materials, cfr east China, $ per tonne and steel scrap, index, heavy recycled steel materials, cfr north China, $ per t...Read More

The Toronto-quoted equity of Orvana Minerals (TSX: ORV) lost nearly 16% in Monday trading following a rockfall at the legacy open-pit wall at El Valle, in Spain.The incident impacted the east sector of the tailings impoundment, without structural damages or injuries reported.CEO Juan Gavidia said in a media release plant operations should restart in the following days."Underground mining operation...Read More

A unit of Australian billionaire Gina Rinehart's Hancock Prospecting, Benga Mining, has applied to the Federal Court of Canada for a judicial review of the rejection of the proposed US$800 million Grassy Mountain steelmaking coal mine that it plans to build in Alberta's Rocky Mountains.Benga has applied for an order that quashes or sets aside Environment and Climate Change Minister Jonathan Wilkin...Read More

German steelmakers settled their monthly steel scrap contracts for August at lower prices, following the trend in international markets, sources told Fastmarkets.The fall in prices of new scrap grades, including E8 grade, was less pronounced due to the continued short supply of the material both from automotive producers and from flat steel service centres.Stoppages and reduced production rates in...Read More

Secondary aluminium ingot prices in Europe rose during the week to Friday August 13 due to surging costs for alloying elements. Despite quieter market conditions due to the seasonal summer lull, ingot prices rose in both Europe and the United Kingdom this week due to ascending prices for elements used in aluminium alloying such as silicon and copper. Fastmarkets assessed the price for aluminium sc...Read More

Sierra Metals (TSX: SMT; NYSE: SMTS) has updated the preliminary economic assessment for its Bolivar copper-silver mine to include production of a saleable iron ore concentrate. The underground mine and the mill are located in Chihuahua, Mexico.The mine and mill achieved their first full year of production in 2012. Since then, capacity has been increased to 5,000 tonnes per day, and the updated PE...Read More

Rio2 (TSXV: RIO) is moving to the next stage of testing of a new gold processing technology developed by Canadian nanotechnology company, Sixth Wave Innovations (CSE: SIXW), after initial tests showed that it outperformed activated carbon.Sixth Wave's IXOS Mining Technology uses molecularly imprinted polymers for gold adsorption from cyanide leach solutions rather than carbon. The company first st...Read More

Australian Mines (ASX: AUZ; US-OTC: AMSLF) has announced an offtake agreement with South Korea battery manufacturer LG Energy Solution for mixed nickel-cobalt hydroxide from its 100%-owned Sconi project in North Queensland.The mixed hydroxide precipitate (MPH) contains both nickel and cobalt and is an intermediate product that can be used in lithium-ion battery production.Under the agreement, LG E...Read More

BlueRock Diamonds (LSE: BRD) jumped more than 16% today after the miner announced it had found a 58.6-carat diamond at its Kareevlei mine, in Kimberley, South Africa. The stone is the largest diamond found to date at Kareevlei. "The final value dependent upon the buyer's confidence of what cut stones can be recovered," the company's executive chairman, Mike Houston, stated in a press release...Read More

Southern Silver Exploration (TSXV: SSV; US-OTC: SSVFF) has completed more than 20,000 metres of drilling at its flagship Cerro Las Minitas project in Mexico since its last resource estimate in May 2019, and says it's on track to update the numbers before the end of August, and kick off a preliminary economic assessment in the fourth quarter."We've had some fantastic results since we re-started dri...Read More

Trench Metals (TSXV: TMC) expects its first assay results from the Gorilla Lake uranium project in the Cluff Lake area of Saskatchewan's Athabasca Basin before the end of the fourth quarter.The junior, which has the right to acquire a 100% stake in the project, kicked off its summer drill program in July, which includes geological mapping, surface sampling and short hole drilling utilizing back-pa...Read More

Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe Future of Tailings ManagementSPONSOREDOil and gas, part of the BHP portfolio for more than 50 years, is edging towards the exit just as potash edges in, a fine example of one door closing a...Read More