The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at $71 per tonne cfr China, laycan December 26-January 4.Beijing Iron Ore Trading Center (Corex), 65,000 tonnes of 65% Fe Karara Standard Magnetite...Read More
Seaborne iron ore prices increased moderately on Wednesday December 12 following a pick-up in China's spot steel prices. MB 62% Fe Iron Ore Index: $66.73 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Pilbara Blend Fines Index: $66 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $71 per tonne cfr Qingdao, up $1.32 per tonne. MB 58% Fe Premium Index: $59.92 pe...Read More
The launch of a high-grade iron ore derivative by the Singapore Exchange last week represents a "leap forward for the [ferrous] industry, particularly those that are exposed to the high-grade product," according to Andrew Glass, head of iron ore trading at Anglo American.SGX launched the world's first high-grade iron ore derivative contract, settled against the daily MB 65% Fe Iron Ore Index publi...Read More
Trading in the seaborne coking coal spot market picked up on Wednesday December 12 after more firm offers and bids emerged. A January-laycan cargo of unbranded materials was transacted at $219 per tonne fob Australia during a day, Fastmarkets has heard.In China, a top Australian brand with late December laycan was offered at $212 per tonne cfr China during the day, market sources said.However, no...Read More
China's ferrous futures fell during morning trading on Wednesday December 12, while sentiment remains largely bearish in both the steel and the coke physical markets.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,341 yuan ($483.90) per tonne, down 16 yuan per tonneMay hot-rolled coil: 3,329 yuan per tonne, down 1 yuan per tonneDalian Commodity Exchange&nb...Read More
Steady demand for ferrous scrap in Asia has failed to stop the ongoing price slides in the region.There have been bookings of bulk cargoes in Vietnam, South Korea and Taiwan this week. However, prices are lower than previous weeks.A major South Korean steel mill bought at least 45,000 tonnes of heavy melting scrap (HMS) 1 at a base price of $325 per tonne cfr from the United States.A major Vietnam...Read More
The latest news and price moves to start the Asian day on Thursday December 13.Base metal prices on the London Metal Exchange had mostly drifted lower by the close on Wednesday December 12 but were confined to tight ranges throughout what was an unexceptional trading day. Read more in our live futures report.Here are how prices looked at the close of trading:A historic backwardation in zinc forwar...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday December 12* Copper -$129.85 (-896.92 yuan) Aluminium -$439.71 (-3,037.19 yuan) Zinc -$113.3 (-782.6 yuan) Nickel $381.09 (2,632.27 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday December 12, with average gains of 0.3%. This after the complex climbed by an average of 0.4% on Tuesday, which followed Monday's test of support levels - that held.This morning's gains were fairly tightly bunched with prices rising between 0.2% for aluminium and 0.6% for nickel. The e...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday December 12.Base metal prices, barring those for aluminium, on the Shanghai Futures Exchange were up across the board during Asian morning trading on Wednesday December 12, with the complex continuing to find support from positive trade headlines. Check Fastmarkets MB's live futures...Read More
The latest metal markets news and price moves to start the North American day on Wednesday December 12.London Metal Exchange base metal prices have made a typically tentative start to trading on Wednesday December 12, with copper, aluminium and zinc all trading down against yesterday's close. Here is how the LME base metals complex looked at 11.40am London...Read More
Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
Less than a year after acquiring a 76% stake in the Coscuez emerald mine in Colombia, Fura Gems (TSXV: FURA; US-OTC: FUGMF) has completed a maiden resource estimate that puts the potential mine life of the project at 30 years.The company mapped more than 20 km of underground tunnels, drilled more than 1,600 metres and recovered nearly 16,000 carats of emeralds from bulk samples that resulted in an...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday December 12:Aluminium scrapLoose old rolled cuttings: ?710-730 per tonne from ?730-750Commercial cast: ?790-830 per tonne from ?800-840Cast wheels:...Read More
Radio show linkhttp://tobtr.com/s/10976635To donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking Engagements kevinellerbecorner1@gmail.comPlease check out my t-shirt...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
You might buy and forget stocks that have increased their earnings or cash flow over many years. However, investors need to be very careful around commodity stocks such as Cameco (TSX:CCO)(NYSE:CCJ) and Crescent Point Energy (TSX:CPG)(NYSE:CPG).CamecoCameco stock has done very well in the last 12 months by appreciating about 20%. However, it's not the type of investment that you can buy and forge...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
The following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fell from 97 to 88....Read More