Copper Miners ETF (COPX) moved above $20.71 extending an intermediate uptrend.Dow Jones Transportation Average iShares (IYT) moved above $179.39 extending an intermediate uptrend.Barrick Gold (ABX), a TSX 60 stock moved above Cdn$40.04 to an all-time high extending an intermediate uptrend.Disney (DIS), a Dow Jones Industrial stock moved above $127.82 following release of fiscal third quarter resul...Read More
Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More
Zinc concentrate treatment charges (TCs) rose for the second consecutive month in July after hitting a 19-month low in May, with spot availability increasing slightly.Fastmarkets' price assessment for zinc spot concentrate TCs, cif China was $165-185 per tonne on Friday July 31, up by $5 from $160-180 per tonne on June 26.Mining companies are beginning to recover lost production after Covid-19 pan...Read More
Amid a hot market for copper, China's smelters are jumping in on a profitable niche business dominated by traders.Eight major copper smelting and mining companies - China Gold, China Copper, Baiyin, Daye, Yantai Guoxing, Jinchuan, Minmetals and Nanguo - are lobbying for licenses to import and process complex concentrate, Fastmarkets has learned. In a race to receive final approv...Read More
Zinc concentrate treatment charges (TCs) rose for the second consecutive month in July after hitting a 19-month low in May, with spot availability increasing slightly.Fastmarkets' price assessment for zinc spot concentrate TCs, cif China was $165-185 per tonne on Friday July 31, up by $5 from $160-180 per tonne on June 26.Mining companies are beginning to recover lost production after Covid-19 pan...Read More
Amid a hot market for copper, China's smelters are jumping in on a profitable niche business dominated by traders.Eight major copper smelting and mining companies - China Gold, China Copper, Baiyin, Daye, Yantai Guoxing, Jinchuan, Minmetals and Nanguo - are lobbying for licenses to import and process complex concentrate, Fastmarkets has learned. In a race to receive final approv...Read More
The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operating on 70-90% of its usual demand strength due to the pandemic, with huge portions of previously high-demand g...Read More
Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More
The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operating on 70-90% of its usual demand strength due to the pandemic, with huge portions of previously high-demand g...Read More
Fastmarkets is extending its consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis. Fastmarkets is extending its consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis....Read More
Turkish steel mills made no moves in the deep-sea scrap markets on Monday August 3 due to the Eid al-Adha religious holiday in the country.Turkey has been out of the market for the eid since Thursday of last week, when the latest known purchases were heard on the market. The holiday will...Read More
Bangladesh is one of the world's fastest-growing import markets for steel scrap. The country's rapid industrialization in recent years and its lack of natural steelmaking raw material resources mean that scrap imports - in addition to domestic material - are of high importance to the country's steelmakers.But why has 2020 been a particularly important year for the Bangladesh market? And how is Ban...Read More
A summary of Belgian battery materials company Umicore's results for the first six months of 2020, as stated in its half-year report published on Friday July 31.In brief Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to ?,?557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Ear...Read More
A brief fire outbreak at one of Russian multi-metal miner Nornickel's Arctic power plants had led to the death of one worker, the company said on Monday August 3. Fastmarkets understands that the fire, caused by a short circuit, was confined to six square meters and was extinguished quickly, having no material impact on production at the plant. The fire is the latest in a line of incidents at the...Read More
The metals and equity indices were mixed this morning, Monday August 3, with numerous crosscurrents affecting the markets.Data this morning showed China's Caixin manufacturing purchasing managers' index (PMI) climbed to 52.8 in July from 51.2 a month earlier, while Japan's manufacturing PMI rebounded to 45.2 from 42.6 over the same comparison. But the continuing spread of the Covid-19 in the world...Read More
A summary of Belgian battery materials company Umicore's results for the first six months of 2020, as stated in its half-year report published on Friday July 31.In brief Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to ?,?557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Ear...Read More
A summary of operational results for the second quarter of 2020 from Australian lithium-spodumene producer Altura, published on Friday July 31.In brief The company achieved production of 46,316 wet metric tonnes (wmt) of lithium concentrate for the April-June quarter, up by around 10% from the January-March quarter, it said. Production came to 181,264 wmt of...Read More
The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
Here are five Fastmarkets stories you might have missed on Monday August 3 that are worth another look.The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources. Mark Hansen said the economy is operatin...Read More
A look at hot-rolled coil prices around the globe.Blip or paradigm shift? Prices for hot-rolled coil in the United States last month fell below those in China for the first time since at least 2013. The reversal of normal trends - Chinese prices are typically well below US levels - resulted from US domestic tags plummeting in July while Chinese prices recorded a third consecutive month o...Read More