Global silico-manganese output rose by 3.3% month on month in September, supported by rising production in Asia and Oceania, Europe, Africa and the Middle East, the latest data from the International Manganese Institute (IMnI) shows. Following a month-on-month rise of 0.6% in August, world supply of silico-manganese grew to around 1.50 million tonnes in September, marking a drop of 8.7% year on ye...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 October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...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 October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on Monday November 2.This production figure placed Turkey as the seventh biggest steel producer in the world this year, exceeding Germany, which held the position in 2019.Turkey pro...Read More
Election Day has finally arrived. Whowill win, and why gold will remain the biggest winner of them all?So, today is the day! It's Election Day.For quite some time, national pollsindicate that Biden has a significant advantage . He is also pollingscarcely close ahead of Donald Trump in key battleground states, but, in somestates, the lead has recently narrowed. So, in many places, the race is still...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 October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Heading into what will likely become one of the biggest events in American political history on November 3, the US stock markets are holding up quite well on Monday, November 2. My team and I have published a number of articles recently suggesting we believe wild price swings and increased volatility is to be expected before and after the US elections. We have even suggested a couple o...Read More
The three-month aluminium price on the London Metal Exchange was subject to strong afternoon buying before the close of trading on Monday November 2.The upward momentum was broadly incongruous with a strong US dollar index ahead of the country's presidential election this week, while zinc followed higher in a mixed close for LME base metals.Aluminium's outright price closed at $1,866 per tonne on...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
China's copper industry is bracing itself for another ban on raw materials imports after escalating trade tensions with Australia led to reports of the potential cessation of trade in the red metal between the two nations.A report in the daily South China Morning Post newspaper cited multiple unnamed sources who claimed that a ban on imports of Australian copper ores and concentrate...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Discussions about a proposed chrome ore export tax in South Africa have dominated the global chrome market since it was put forward by the country's cabinet on Thursday October 22.One of the more hotly debated aspects of the proposed tax is whether or not it can achieve its stated purpose, which is to support domestic ferro-chrome production by fundamentally enhancing South African producers' comp...Read More
Australia’sfirst New South Wales Gold Rush took place over 120 years ago. Back then, prospectorswielded nothing more than pickaxes. Now,a second NSW Gold Rush is on, with a mad rush to this territory with gold explorerswielding the latest technology. Hugemining names have now gathered. And a sea of junior explorers is attempting tostorm the venue. But onestands out: Sentinel...Read More
The threat of economicallycrippling lockdowns, the promise of unending monetary stimulus, and theuncertainty of game-changing political outcomes – this is the “new normal” forinvestors.The COVID pandemic won’t beeradicated anytime soon. And even when it finally is, the economic and socialcosts will continue to be borne for years to come.In such an environment, allconvention...Read More
The three-month aluminium price on the London Metal Exchange was subject to strong afternoon buying before the close of trading on Monday November 2.The upward momentum was broadly incongruous with a strong US dollar index ahead of the country's presidential election this week, while zinc followed higher in a mixed close for LME base metals.Aluminium's outright price closed at $1,866 per tonne on...Read More
Gold, mining stocks, and the USD Indexhave not been doing much recently. However, yesterday, this “inactivity” tookquite a decisive shape, and unfortunately, things are not looking good forgold.As you are all aware, gold tends to moveconversely to the USD Index. Therefore, it’s useful to focus on the latter forsigns that would influence the former. So, what does the current USDX...Read More
Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne65% Fe Brazil-origin...Read More
Despite recent headwinds,it looks to be clear sailing going forward for silver, according to recentforecasts from three financial services firms. “A higher gold price, along with the ongoingrecovery in industrial demand, particularly from China, means that the price ofsilver is likely to rise in the year ahead,” Capital Economics said in a reportpublished on Sept. 30.“All in...Read More