Sumitomo Metal Mining and Sumitomo Corporation will pay US$1.2 billion for a third of Teck's 90% interest through a jointly held entity, with the payment to be split between a $800 million earn-...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company expects to increase its copper production from about an anticipated 150,000 tonnes this financial year to 285,000t in FY2021.However FY2019's cobalt guidance was revised downwards by 8,000t to 26,000t, to reflect the cobalt debottlenecking plant ramp-up and "associated expected shorter-term recoveries".PolarX builds big...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineSadly, the price one must pay for being able to say "I told you so" when proven right, is to also take it like a man...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe demobilisation of the FARC guerrilla group has lowered the overall terror threat in Colombia but the risk to reso...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe demobilisation of the FARC guerrilla group has lowered the overall terror threat in Colombia but the risk to reso...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday December 3, with broadly positive market sentiment emerging from the weekend's summit in Argentina of the leaders of the G20 group of nations, while the United States and China agreed to limit further use of trade tariffs.The three-month tin price improved most over the afternoon. It made a signifi...Read More
Brazil's primary aluminium production continued to slow in October, according to local aluminium association Abal. The country's primary aluminium output was 50,500 tonnes during the month, 26.30% lower than the 68,500 tonnes in the same period last year. October's figures were the third-lowest monthly output in 2018 despite recording some growth compared with September, when production was 49,100...Read More
Comex copper prices recovered Monday morning in the US, after Chinese and US leaders decided to freeze additional tariffs for 90 days over the weekend at the G20 summit.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 5.40 cents to $2.8415 per lb. A temporary detente is positive for the metals markets because the ongoing uncertainty betwee...Read More
The Chinese ferro-silicon market has added to recent price increases amid persistent demand from steel mills in the week ended Friday November 30, while in Europe prices are under pressure after reports of new deals, with long-term delivery negotiations in focus. China builds on price gains while steel mills buy for 2019 smelting schedules European market drops, awaits first-quarter settlements US...Read More
Ferro-chrome spot prices in China were unchanged in the week ended Friday November 30 after the drop in tender prices to December from November was smaller than expected. Chinese mills' ferro-chrome tender price falls by 50 yuan ($7) per tonne Chinese imported and domestic ferro-chrome spot prices stable Alloy prices into Japan and South Korea fall High-carbon ferro-chrome price into Europe unmove...Read More
Ferro-chrome spot prices in China were unchanged in the week ended Friday November 30 after the drop in tender prices to December from November was smaller than expected. Chinese mills' ferro-chrome tender price falls by 50 yuan ($7) per tonne Chinese imported and domestic ferro-chrome spot prices stable Alloy prices into Japan and South Korea fall High-carbon ferro-chrome price into Europe unmove...Read More
The ammonium paratungstate (APT) market was subdued in the week ended Friday November 30 while the ferro-tungsten price in Europe nudged lower. APT prices in China and Europe stable amid slow trades Concentrates market quiet Ferro-tungsten price in Europe edges down; Chinese prices unchanged In Europe, Fastmarkets assessed the free market ammonium paratungstate price at $275-295 pe...Read More
Chile's state-owned copper producer Codelco has reached an agreement with workers from its Ministro Hales division for wage raises, the company stated on Saturday December 1.The miner has now concluded labor agreements with almost all of its workers, it added, after announcing last week that more than 90% of its employees were under new contracts.Ministro Hales was the fifth-largest mining operati...Read More
The Chinese ferro-silicon market has added to recent price increases amid persistent demand from steel mills in the week ended Friday November 30, while in Europe prices are under pressure after reports of new deals, with long-term delivery negotiations in focus. China builds on price gains while steel mills buy for 2019 smelting schedules European market drops, awaits first-quarter settlements US...Read More
Antimony prices continued their downward trend in both Chinese and European markets in the week ended November 30 amid continuing weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 49,500-50,000 yuan ($7,121-7,193) per tonne on Wednesday November 28, down from 50,000-50,500 yuan per tonne the previous week amid continui...Read More
The Turkish steel producers have started another working week without any deep-sea bookings due to the uncertainty in the market and sluggish demand for finished steel goods, sources said on Monday December 3.A number of market participants reported various offers and bids at the beginning of the week, but no transactions were completed, Fastmarkets was told.Some sources said that offers from supp...Read More
Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26.Steel producers and a maj...Read More
Comex copper prices recovered Monday morning in the US, after Chinese and US leaders decided to freeze additional tariffs for 90 days over the weekend at the G20 summit.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 5.40 cents to $2.8415 per lb. A temporary detente is positive for the metals markets because the ongoing uncertainty betwee...Read More
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%. The LME zinc price gained 1%, while copper was up 1.9% and recently quoted at $6,314 per tonne. Volume across the complex has, not surprisingly, been strong with 14,686 lots traded as at 6:53am London time. The precious met...Read More
Export prices for flat steel products from the Commonwealth of Independent States continued to decrease in the week ended Monday December 3 under pressure from weak global demand.The rebound seen in the Chinese domestic hot-rolled coil (HRC) price on Monday may support the global market, however.Fastmarkets' weekly price assessment for CIS-origin exports of HRC was $460-475 per tonne fob Black Sea...Read More