Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne,...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
Demand for Turkish steel remains robust in export destinations despite the recent strengthening of trading regulations, speakers at Fastmarkets' Middle East Iron and Steel virtual conference Turkey panel session on Thursday December 17 said.On November 13, the European Commission (EC) made imports of hot-rolled flat steel from Turkey subject to registration upon arrival into the European Union; an...Read More
Seaborne premium hard coking coal and hard coking coal cfr prices jumped on the latest transactions on Wednesday December 23. Fastmarkets indices Premium hard coking coal, fob DBCT: $103.76 per tonne, up $1.08 per tonne Premium hard coking coal, cfr Jingtang: $195.76 per tonne, up $5.56 per tonne Hard coking coal, fob DBCT: $90.05 per tonne, unchanged Hard coking coal, cfr Jingtang: $185 per tonne...Read More
China resuming steel scrap imports in 2021 will directly affect global steel markets because of supply shortages, speakers on the Turkey panel at Fastmarkets' recent Middle East Iron and Steel virtual conference said. China will end the ban on imports of ferrous scrap on January 1 after it reclassified certain qualities steelmaking raw materials under the new regulations. On Decemb...Read More
China's domestic rebar prices experienced a sharp retreat on Wednesday December 23 after several days of sharp increases, amid falling futures and weaker demand.DomesticEastern China (Shanghai): 4,460-4,480 yuan ($681-685) per tonne, down by 220 yuan per tonneThe sharp price increases over the first two days of this week kept demand at a minimum, which led sellers under pressure to destock to slas...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 23.Key drivers The ferro-titanium price jumped by more than 5% in the week to Wednesday December 23, reaching a peak last seen in November 2012 when the price range was assessed at $7.90-8.25 per kg.Market activity has slowed close to the end-of-year holiday season, although deals were reported at higher...Read More
The publication of Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, was delayed on December 23 because of a reporting error. The Fastmarkets price book and database have both since been updated. The affected price is: MB-CO-0021 Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) For more information or t...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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....Read More
Mason Graphite (TSXV: LLG; US-OTC; MGPHF) has reported that testing of lithium-ion batteries containing graphite from its 100%-owned Lac Gueret project in Quebec, 660 km north of Montreal, has reached a key milestone for potential electric vehicle application.The lithium-ion batteries, which contained anodes made from coated spherical graphite (SPG) manufactured from graphite flake concentrates m...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
At Glencore's Investor Day in early December, CEO Ivan Glasenberg kicked off his presentation by talking about how the commodities giant is "steering a Paris Agreement alignment strategy while meeting the growing everyday needs for affordable and reliable energy infrastructure and transportation of the future."The long-time mining executive declared Glencore is determined to meet its net zero CO2...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 23. Key driversDomestic antimony ingot suppliers raised offer prices significantly in response to mounting buying interest.The lingering difficulty in sourcing ore from overseas market continues to lend solid support to domestic antimony prices because suppliers have become more cautious about selling cargoes on hand wi...Read More
The price paid both for low-carbon and high-carbon ferro-chrome have strengthened amid persistent worries about soaring international freight costs.Despite mixed fortunes in end-user demand such as aerospace and automotive, these concerns have resulted in firmer demand for material from consumers wanting to avoid a shortage of feedstock Low carbon ferro-chrome delivered in Europe was stable at the...Read More
Both spot and futures silico-manganese prices in China have risen significantly over the past month, helped by comparatively limited availability of spot cargoes at Chinese smelters' warehouses and steady demand from steel mills, market sources told Fastmarkets.Fastmarkets' weekly price assessment of silico-manganese 65% Mn min, max 17% Si, in-whs China was 6,100-6,200 yuan ($932-947) per tonne on...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More
China will remove its 2% import tax rate on ferrous scrap and will revive its most-favored-nation (MFN) duty rate system from January 1, according to a notice released by its Ministry of Finance on Wednesday December 23.This will end the policy of restriction on solid waste imports that has been in place since July 1.Steel scrap listed under the HS codes 72042100...Read More