An overview of the chrome ore and alloy markets and their latest price moves.China UG2 chrome ore prices fell on subdued buying interest with buyers reportedly holding ample stocks while considerable port inventories and lower portside prices weighed on the market. ...Read More
IG market analyst Kyle Rodda said this morning the CBOE put/call ratio indicated market sentiment remained bullish."For all the speculation and choppy price-action, positioning continues to suggest an optimistic (read: complacent) market environment," he tweeted."A risk-laden fortnight could put that to the test."Metals and mining equities were collectively up 2.6% in Toronto.Diversified miner Fir...Read More
Vancouver, BC - October 20, 2020 - Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company") is pleased to announce that it has received a USD$650,000 purchase order to equip homeland security in the Middle East with its handheld rugged Push-to-Talk (PTT) devices. Siyata's rugged devices are designed for enterprise users who require a sturdy yet cost-effective PTT device that they can u...Read More
Republican president Donald Trump and Democratic candidate Joe Biden are far apart on environmental issues, including on greenhouse gas emissions and decarbonisation proposals that will directlyRead More
Here are five Fastmarkets stories you might have missed on Tuesday October 20 that are worth another look....Read More
Weak demand from the aerospace sector will maintain the pressure on the tantalum sector in the short term, Dharam Kotecha, director at minerals trader Halcyon, said during a virtual conference hosted by the Tantalum-Niobium International Study Centre last week."In terms of short-term demand, in what was a buoyant aerospace industry, [Covid-19] will create a big hole when the international travel i...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 20 that are worth another look....Read More
Ferrous scrap prices in Mexico stayed on an uptrend in the week ended October 16, with increases on all grades and in all regions, on high demand for the steelmaking raw material.Sources reported price increases of 100-300 pesos ($5-14) per tonne for both prime and obsolete scrap between late last week and early this week.In addition, some companies that had been quiet in Mexico's central Baj?-o r...Read More
Turkish steel mills have steered clear of the deep-sea scrap market for a second day this week, with no new bookings heard on Tuesday October 20.The day before, the market reported two bookings which had came to light from the previous week, at slightly higher prices, but no further cargoes were booked on Monday.One market participant was hopeful that prices would inch higher following a...Read More
Share this articleTORONTO - Kinross Gold Corp. says it intends to rely mainly on internally generated opportunities to continue to produce an average of 2.5 million gold equivalent ounces per year over the next decade.In a news release and conference call Tuesday, the Toronto-based miner didn't directly acknowledge a media report last week suggesting it is looking at selling its operations in the...Read More
Hot-rolled coil prices in the United States have crossed the $33.50-per-hundredweight ($670-per-short-ton) threshold, and most signs indicate that they will continue to march upward, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated $33.54 per cwt ($670.80 per ton) on Tuesday October 20, up by 0.4% from $33.39 per cwt on Monday October 19 and...Read More
COVID-19 has hit some people hard. Analysts are calling it a K-shaped recovery.People who are in the professional class are doing well. The stock market has boosted their retirement plans and they are saving money on gas, parking, insurance, travel, and vacations. Many received $1,200 from the government.Then there are those in the service and entertainment industries. Some are gig workers like Ub...Read More
Domestic hot-rolled coil prices in Northern Europe were largely unchanged on Tuesday October 20, but buyers expect producers to increase their official offers soon, sources told Fastmarkets. The offer prices will rise, they added, based on the combination of reduced availability and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Eur...Read More
Novolipietsk Steel (NLMK) - the largest steel producer in Russia - will start the rolling mill modernization at its Belgian subsidiary NLMK Clabecq, the company said on Tuesday October 20.A ?,?30 million ($35 million) plate rolling mill upgrade will include the installation of a new descaling system with two new descalers and the modernization of the four-stand finishing mill, NLMK said.Despite th...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 20 that are worth another look....Read More
The domestic United Arab Emirates rebar price fell again on Tuesday October 20 after deals concluded at lower levels, while the import price weakened amid a lack of construction demand. Domestic rebar The country's biggest steel producer, Emirates Steel, continued to offer rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, stable since September 15. Fellow steel...Read More
Rebar and wire rod producers from the Commonwealth of Independent States were in no hurry to make concessions to customers amid a number of positive factors in the market last week, sources told Fastmarkets.Market participants cited higher raw materials costs, comparatively higher prices from Turkish wire rod suppliers and consistently strong domestic demand for finished long steel products in som...Read More
Ferrous scrap prices in Mexico stayed on an uptrend in the week ended October 16, with increases on all grades and in all regions, on high demand for the steelmaking raw material.Sources reported price increases of 100-300 pesos ($5-14) per tonne for both prime and obsolete scrap between late last week and early this week.In addition, some companies that had been quiet in Mexico's central Baj?-o r...Read More
Turkish steel mills have steered clear of the deep-sea scrap market for a second day this week, with no new bookings heard on Tuesday October 20.The day before, the market reported two bookings which had came to light from the previous week, at slightly higher prices, but no further cargoes were booked on Monday.One market participant was hopeful that prices would inch higher following a...Read More
Vale's iron ore production increased both year on year and quarter on quarter in the three months to September as a result of the resumption of previously halted operations in several mining sites, it said late on Monday October 19.The Brazilian mining major produced 88.68 million tonnes of iron ore in the third quarter, up by 2.3% from the 86.70 million tonnes produced a year earlier, and 31.2% h...Read More