Fastmarkets on Thursday August 26 launches a fortnightly assessment of the China pig iron import price, reported on a US-dollar-per-tonne-cfr-China basis. After a consultation period that ended on August 9, Fastmarkets has launched its pig iron, import, cfr China, $ per tonne assessment, effective on Thursday August 26. Market sources expect China to import pig iron in increasing volumes due to it...Read More

China imported 3.77 million tonnes of coking coal in July, down by 49% year on year and 9% lower month on month, according to the latest Chinese customs data.Russia remained China's largest supplier of coking coal for a third month in July, accounting for 33% of total imports.Canada (23%), the United States (17%), and Mongolia (13%) were China's second-, third- and fourth-largest suppliers last mo...Read More

Spot hot-rolled coil prices in China's domestic market moved lower on Thursday August 26, with positive industry data failing to offset concerns over continued weakness in demand.DomesticEastern China (Shanghai): 5,650-5,700 yuan ($872-880) per tonne, down by 20-40 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange saw losses accelerate during afternoon trading Thursday af...Read More

China's domestic rebar prices decreased on Thursday August 26 due to weaker restocking demand among trading companies, though end users' buying appetite remained steady. DomesticEastern China (Shanghai): 5,150-5,180 yuan ($794-799) per tonne, down by 50 yuan per tonneTrading houses have almost completed their restocking for sale in the first half month of September, a trader in Shanghai said. As s...Read More

China's domestic stainless steel prices were down on Wednesday August 25 compared with a week earlier, but the market had picked up after experiencing losses earlier this week.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 18,200-18,600 ($2,810-2,871) per tonne, down by 600-700 yuan per tonne from a week earlierThe three-month nickel contract on the London Metal Exchange e...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

An overview of the specialty steel raw materials markets in Europe and their latest price movesDalila Ouerghi and...Read More

A summary of Chinese battery materials producer GEM's financial and production results for the six months ended June 30, 2021, as released by the company on Thursday August 26.In brief GEM's annual capacity of ternary precursor materials totaled 130,000 tonnes at the end of June, unchanged from the end of last year. The company has shifted production focus to nickel-rich ternary precursor material...Read More

Norwegian ferro-silicon producer Finnfjord Smelteverk will stop ferro-silicon production for two weeks in October because of planned maintenance to its three furnaces, a source told Fastmarkets.The company is stopping output as part of its usual annual overhaul at its operations, although that usually happens in September or earlier in the third quarter. The move comes at a time of record peak pri...Read More

The shareholders of both companies have overwhelmingly (+99%) approved the merger of Golden Predator Mining (TSXV: GPY; US-OTC: NTGSF) and Arizona Gold (TSX: AZG; US-OTC: AGAUF). Arizona will acquire all the common shares of Golden Predator as announced on June 28, 2021, subject to customary regulatory approval.Arizona also intends to change the name of the new company to Sabre Gold Mines, trading...Read More

Precipitate Gold (TSXV: PRG; OTC: PREIF) has received approval from the Toronto Stock Exchange to acquire the 123.5-sq.-km Motherlode gold project in Newfoundland's Burin Peninsula.Precipitate will issue 395,000 common shares and pay $27,000 to the vendor. Additional shares and cash payments will be made over the next four years. At the end of the period, Precipitate will own 100% of Motherlode su...Read More

Two units of Canada's Centerra Gold (TSX: CG) have filed a motion in a U.S. Bankruptcy Court seeking penalties of US$1 million a day against the Kyrgyzstan government, related to the May seizure of the Canadian company's Kumtor gold mine.The company's Kumtor Gold Company (KGC) and Kumtor Operating Company CJSC (KOC) lodged the motion in the US Bankruptcy Court for the Southern District of New York...Read More

American Lithium Corp. (TSXV: LI) has received the highest lithium extraction results to date on its Tonopah lithium claims (TLC) in Nevada, achieving 97.4% extraction using warm sulfuric acid leach.Previous metallurgical work has demonstrated that the TLC claystones are amenable to rapid lithium extraction using warm sulfuric acid leaching, reaching 92% lithium extraction in 10 minutes. In additi...Read More

1911 Gold (TSXV: AUMB) is acquiring 100% of two additional exploration properties 20 km east of Bissett, Man., site of its True North gold mine and mill.The Palomar Lake property is adjacent to the True North complex and consists of three properties that will be consolidated for the first time. The company will pay $90,000 to a consortium of three local prospectors and issue 180,000 common share...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 ManagementSPONSOREDSpeaking last week, White Rock chief executive Matthew Gill invited investors to take a look at a recent independent expert report to validate his asse...Read More

Red Pine Exploration Inc. announces results from its 2021 surfaceRead full newsRead More

Gold markets have seen a pullback during the course of the trading session on Thursday as gold prices continue to struggle just below the $1750 level. That is an area that previously had been supportive, so naturally it is now becoming a resistant line. Despite gold prices clinging on Friday on concerns over rising cases of the Delta variant, uncertainties over the U.S. Federal Reserve’s ta...Read More

The price of mining stocks is quite volatile right now. There are several factors contributing to this. First, the COVID-19 pandemic and newly encountered Delta variant that poses a threat of an imminent lockdown. As the pandemic caused many material prices to skyrocket last year, many companies are performing well this year. This means mining stocks are performing holding up well as demand for s...Read More

Silver markets are clearly turning around. In Thursday’s trading session, silver prices peaked above the 200 day EMA again as markets have jumped quite drastically. Now that we are above the 200 day EMA, it is likely that we could go looking towards the 50 day EMA which currently sits at the $26.18 level. Currently, it looks as if the $29 level is massive resistance but short-term dips...Read More