Daily PDFs will be downloadable until Monday May 31. After that, because of the UK's Spring bank holiday, the next daily PDF will be downloadable on Wednesday June 2.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Urban Outfitters gained $1.64 to $36.60 after reporting higher than consensus first quarter sales and earnings. Toll Brother added $0.28 to $62.30 after reporting higher than consensus fiscal second quarter revenues and earnings. Nordstrom dropped $1.60 to $34.88 after reporting lower th...Read More

Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More

Chinese importers of steel scrap showed low buying interest in foreign cargoes during the week to Wednesday May 26 amid sharp declines in Chinese finished steel prices, with their bids much lower than offers.Bids for steel scrap were heard as low as $500 per tonne cfr northern China, which is equivalent to around $490 per tonne cfr eastern China, with buying interest dropping after finished steel...Read More

In Chapters One and Two of my new book, The New Great Depression, I explain how the pandemic originated from a bioweapons laboratory in Wuhan, China and how the virus spread around the world, regardless of policies such as lockdowns and masks, which proved to be useless.But, in Chapter Five, I explore one of the least reported and potentially longest lasting legacies of the pandemic - mental healt...Read More

China's domestic rebar prices dropped on Wednesday May 26 as a result of heavy rain in some eastern regions of the country negatively affecting demand.DomesticEastern China (Shanghai): 4,820-4,840 yuan ($754-757) per tonne, down by 80 yuan per tonneHeavy rain in the eastern Chinese provinces of Zhejiang, Fujian and Jiangxi led to reduced consumption of rebar at construction sites and disrupted tra...Read More

China's hot-rolled coil prices slid further on Wednesday May 26 in both domestic and export markets amid lower market activity.DomesticEastern China (Shanghai): 5,170-5,220 yuan ($809-816) per tonne, down by 220-260 yuan per tonneHRC stockists were active in selling material from their warehouses to get capital flow for month-end payment and to avoid losing more money on further possible price dro...Read More

Base metals prices on the London Metal Exchange rose slightly across the board during morning trading on Wednesday May 26 and appear to be consolidating after recent sharp declines from the highs reached in May while the end of the month nears."[Futures prices on the LME] seem to be doing nothing more than seeking direction amid a flood of various opinions as to where prices should go," Malcom Fre...Read More

Quiet spot trade, apart from in China's nickel briquette market, left nickel premiums flat worldwide in the week to Tuesday May 25, sources told Fastmarkets.Poor arbitrage offsets optimism in China's nickel market over Glencore's briquette listing on SHFE.US premiums hold although higher briquette premiums become more common.European nickel stocks subside but premiums are unmoved.Full-plate premiu...Read More

Base metals prices on the LME and SHFE were mixed - albeit with a slight upward bias - this morning, Wednesday May 26. But the rebounds seem half-hearted, with some erring on the side of caution judging by the lower treasury yields and stronger gold price. While the United States Federal Reserve generally seems to be remaining dovish, the vice chair, Richard Clarida, spoke of a "soft landing"........Read More

- Challis Gold Project, located in Idaho continues towards a Plan of Operations (PoO) as the next phase of exploration- Mapping, geochemical and geophysical surveys planned in second half of 2021- Potential strategic joint-venture partners have expressed interest in ChallisELKO, Nev., May 26, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.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, in-whs Rotterdam, $/lb at 20.00-20.50 on Wednesday May...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.Fastmarkets assessed Cobalt...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

Key data from Fastmarkets' pricing session in Europe on Wednesday May 26. Key driversEuropean ferro-titanium suppliers dropped their offer prices and concluded deals at lower numbers, both on a spot and longer-term basis.Most domestic third-quarter delivery settlements to steelmakers have yet to be negotiated, with the full return of consumers for their...Read More

The UK government has announced ?166 million funding to drive forward development of green technology and development as part of its Green Industrial Revolution, with UK steelmakers set to receive cash.The funding package will benefit energy-intensive businesses such as steelmaking and manufacturing and falls under the UK Prime Minister's 10 Point Plan for a green revolution, which includes remov...Read More

May 26, 2021 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that its 2021 exploration program has begun on its wholly owned Thorn Cu-Au-Ag-Mo Project located in the Golden Triangle of Northwest British Columbia, Canada. The Project is within the Taku River Tlingit First Nations and the Tahltan First Nations traditional territory. Brixton...Read More

Market participants expect long-term support for aluminium scrap prices in Europe following growing demand for low-carbon aluminium. According to the European Union's taxonomy for sustainable activities, which serves as a guide to direct investment for sustainable projects, there are fewer criteria to be met for the manufacturing of secondary aluminium to be considered a sustainable project. "All...Read More

Just over 20 months after exploration drilling commenced at its Crawford nickel sulphide asset, Canada Nickel Company (TSX: CNC; US-OTC: CNIKF) has completed a preliminary economic assessment for the project, 40 km north of Timmins, Ontario.The PEA envisioned a conventional open pit mine and mill that will produce both nickel and magnetite concentrates over a mine life of 25 years, and the company...Read More