Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry is pleased to announce that its investee company QVI, Inc. doing business as "The Galley", a cannabis infused product manufacturer located in Sonoma County, California has initiated production for Koala Edibles a Colorado based Company focused o...Read More
Hebei Iron and Steel Group (HBIS) - China's second-largest steelmaker - has raised its purchase price for May-delivery silico-manganese to 7,250 yuan ($1,124.47) per tonne, market participants told Fastmarkets on Thursday May 13.The latest price is 450 yuan higher than the mill's previous purchase price of 6,800 yuan per tonne for April-delivery cargoes.HBIS' price, which applies to cargoes delive...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 13 that are worth another look.Export prices for Chinese stainless steel increased sharply on Wednesday May 12 due to the the removal of China's 13% export rebate and the rising nickel prices on the London Metal Exchange.Nornickel resumed ore...Read More
Downstream appetites from lithium cobalt oxide (LCO) battery manufacturers weakened in the second quarter during the traditionally weak consumption season for consumer electronics - a key consumer of LCO batteries and an industry battling with a shortage of semi-conductor chips, sources said.Some cobalt-tetroxide producers told Fastmarkets their customers have cut orders and that demand for LCO ca...Read More
Turkish steel mills booked one further cargo late on Wednesday at a higher price ahead of the post-Ramadan Eid al-Fitr holiday, Fastmarkets heard on Thursday May 13.The cargo came to light after the indices had closed for the day.A steel mill in the Iskenderun booked a Baltic sea cargo comprising 18,000 tonnes of HMS 1&2 (95:5) at $510 per tonne.Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers in May at levels last seen nine years ago, amid relatively tight supplies and strong demand in both the local and export markets, sources said this week.Suppliers have managed to generally agree an increase of ?15 ($21) per tonne for steel scrap grades delivered into steelmakers in the...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Nornickel resumed ore mining at full capacity at its Oktyabrsky underground mine on Thursday May 13, the company has said, after flooding at the site meant that it was offline for nearly two months.Operations were suspended on February 24 after an inflow of groundwater was reported. Nornickel said that the mine had now recovered to its full capacity for a daily mined volume of 14,100 tonnes.Mining...Read More
Base metals prices on both the LME and SHFE were mainly weaker this morning, Thursday May 13, this after some choppy trading in recent days and the greater-than-expected pick-up in the US Consumer Price Index (CPI) on Wednesday.US CPI rises 4.4% year on year in April, and was up 0.8% month on month Asia-Pacific equities weaken on Thursday US treasury yields rise and forward curve steepens Base met...Read More
Share this article LONDON - GlobalData reported that production from the world's top 10 copper mining companies decreased in 2020, albeit by a marginal 0.2% to 11.76 million tonnes (Mt). The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest producers succeeded in increasing output in the year. In 2021, copper production from the top ten copp...Read More
Downstream appetites from lithium cobalt oxide (LCO) battery manufacturers weakened in the second quarter during the traditionally weak consumption season for consumer electronics - a key consumer of LCO batteries and an industry battling with a shortage of semi-conductor chips, sources said.Some cobalt-tetroxide producers told Fastmarkets their customers have cut orders and that demand for LCO ca...Read More
Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLND) is a Canadian mineral development company, specializing in sustainably produced materials for clean technology. Avalon is currently focusing on developing its Separation Rapids Lithium Project, near Kenora, Ontario, while looking at several new project opportunities, including re-activating its 100%-owned Lilypad Cesium-Tantalum-Lithium Proje...Read More
There was an interesting piece in Reason magazine last week titled "Why COVID-19 May Be the Last Pandemic."The argument is that medical breakthroughs in the world of biotech - such as "messenger RNA" vaccines - will result in the global community never having to suffer from diseases like COVID-19 again.Reason science correspondent Ronald Bailey writes:The horrors of the last year have spurred huma...Read More
Europe's domestic prices for hot-rolled coil have continued to surge, propelled by strong demand amid a persistent material shortage, Fastmarkets heard on Thursday May 13.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,090.71 ($1,320.36) per tonne on May 13, up by ?,?32.58 per tonne from ?,?1,058.13 per tonne on May 12.The index was also up by ?...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
China's hot-rolled coil prices fell on Thursday May 13 after Premier Li Keqiang called for stable commodity prices on Wednesday, with falls in global stock markets also dampening sentiment.DomesticEastern China (Shanghai): 6,520-6,710 yuan ($1,011-1,041) per tonne, up by 110-180 yuan per tonneSpot sellers in Shanghai secured some deals at around 6,710 yuan per tonne in the morning, but had to lowe...Read More
Guido Kerkhoff has become chief executive officer of German metals distributor Kl??ckner & Co, Fastmarkets has heard.Kerkhoff took office on Thursday May 13, replacing Gisbert R? 1/4 hl, who has been a member of the company's executive board since 2006 and its chairman since 2009.Before this, Kerkhoff had been Kl??ckner's deputy chairman of the board of directors in Europe since September 2020. He...Read More
Steel wire rod producers in Southern Europe were largely staying away from the market and holding back new offers, while scarce deals were heard done at substantially higher prices during the week amid a surge in the scrap and global long steel markets, Fastmarkets heard on Wednesday May 12.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe,...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Italian domestic steel scrap prices increased substantially in the month to Thursday May 12 on support from limited availability of some grades of material and rising international prices, market sources told Fastmarkets.Market sources said that the shortage of semiconductor chips has had a negative effect on car manufacturing and, as a result, new scrap availability.In addition, scrap suppliers w...Read More