The European manganese alloy markets climbed strongly over the week to Friday April 30, propelled by strong spot demand from consumers in the steel sector as well inter-merchant trade.Prices for both silico-manganese and high-carbon ferro-manganese hit ?,?1,300 per tonne delivered at the top of their respective price ranges on Friday, a level last seen in each market more than four years ago in ea...Read More

Just as we predicted - but even sooner than we expected - Treasury Secretary Janet Yellen has not just walked back her earlier statement but has entirely reversed it.Continue...Read More

"From the desk of Donald J. Trump," revealed Tuesday, is a page that looks very much like the 45th president's Twitter account - from which he was banned in January. A promotional video pinned to Continue...Read More

A new poll has found that only half of Americans believe the US is winning the war against Covid-19, and almost half believe even those vaccinated against the virus should continue mask-wearing in public.Continue...Read More

It's bad enough that the COVID hysteria has caused generational academic regression. But on top of this, teachers and school administrators are now prioritizing a new, woke curriculum.Continue...Read More

"It feels very funny because I've spent my career talking about why would you want to own gold? It has no income, it costs to store. And yet, when you see the debasement of the currency, you say, what am I going to hold on to?"Continue...Read More

?>>?Physical gold demand has ramped up a lot again since January 2021 as private sector demand from China, India and Asia continues to be strong and increase. However, according to the World Gold Council in recent updates, net buying of physical gold by central banks has started to increase again after not increasing in 2020. Central banks on gold buying spree again? Hungary triples gold reserves...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More

Arconic Corp. shares rolled to a new 52-week high after the company reported Q1/21 financial results that included a 15% increase in sequential quarterly revenue and raised FY/21 revenue guidance. Prior to the open of U.S. markets today, aluminum sheet and architectural products firm Arconic Corp. (ARNC:NYSE) announced financial results for the first quarter of 2021 ended March 31, 2021.The comp...Read More

A Research Capital Corporation report notes that Omineca Mining and Metals' work at its Wingdam hard rock property "has helped to better define [its] existing targets, and has expanded the company's inventory of exploration prospects." In an April 29 research note, Research Capital Corporation analyst Bill Newman reported on Omineca Mining and Metals Ltd.'s (OMM:TSX.V; OMMSF:OTCMKTS) operational...Read More

Q1/21 production and processing numbers from MAG Silver and Fresnillo's joint venture project in Mexico are reviewed in a BMO Capital Markets report. In an April 28 research note, BMO Capital Markets analyst Ryan Thompson reported Q1/21 operational results from MAG Silver Corp. (MAG:TSX; MAG:NYSE A) and Fresnillo Plc's (FRES:LSE) Juanicipio project.The analyst highlighted that commissioning of th...Read More

Pakistan rebar producer Amreli Steels has increased its annual production of reinforcing and round bars to 400,000 tonnes per year after Primetals Technologies supplied it with a new bar mill, the companies said.Amreli Steels' mill, based in Karachi, issued a final acceptance certificate in February 2021 for the bar mill from Primetals Technologies. Previously, Amreli Steels' mill had a capacity o...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in April 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and...Read More

As President Joe Biden pushed massive new spendinginitiatives in his address before Congress, investors shrugged off risinginflation risk. They pushed the S&P 500 up to a new record close onThursday.Gold,meanwhile, continues to be capped under the $1,800 level – at least for thetime being.  Silver shows a slight weeklygain and trades a little over $26 per ounce. As trading closes ou...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More

Gold started its decline withoutanyone’s assistance. And when the USDX takes off, that downhill tumble can onlyincrease.The USDX declines and the precious metalssit by idly, twiddling their thumbs. If they had the strength that’s beingtalked about, they should be soaring by now, or getting ready to. So, what’stheir problem?In the previous days, I discussed thesignals coming from...Read More

Mexican steel scrap prices rose marginally in the week ended Friday April 30 amid strong demand, although some market participants believe prices are facing limited upside.Prime grade scrap prices were mostly stable amid tight supply due to a gradual recovery in Mexico's manufacturing sector, which generates scrap.There were increased reports of exports of busheling grades to the United...Read More

Supply tightness continued to drive the Midwest premium in the United States to a new record high on Tuesday May 4, while more bearish sentiment resulted in European premiums being unchanged from the previous week but still at a six-year high level.US Midwest sets new record-high levelRotterdam premiums stable at multi-year highsMJP, South Korea premiums unchanged amid holidays, thin tradingBrazil...Read More

A summary of base metals premiums from across the globe for the week to Tuesday May 4.Please click...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More