Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 20, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?541.25 ($641.66) per tonne on Friday, up by ?,?16.15 per tonne week on week and by ?,?44.75 per tonne month on month.Friday's index...Read More

European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

Graphite consumers outside Asia, especially those in Europe and the United States, could diversify their supplier base because of skyrocketing costs for freight from China and the strength of the East Asian country's yuan, although it will remain a major exporter of graphite, according to market sources.China accounted for over 60% of the world's total output of flake graphite during 2019 and is a...Read More

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

Copper production could resume at Lundin's Candelaria copper mine in Chile after the company agreed a new collective bargaining agreement with a portion of striking workers there, Fastmarkets understands.Lundin reached a deal with around 550 workers from the AOS Union who had been striking over payment while workers...Read More

Seaborne hard coking coal fob Australia prices have eased on Monday November 23 amid talk in the market of Chinese buyers possibly re-selling cargoes that have been floating on water, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $99.22 per tonne, up $0.82 per tonnePremium hard coking coal, cfr Jingtang: $160.27 per tonne, unchangedHard coking coal, fob DBCT: $90.53 per tonne...Read More

Silver is arguably more impressive than gold right now...by Captain Ewave of CaptainEwaveCaptain Ewave"Gold, Stk Mkt, & Oil: Weekly Chart Waves"Email: [email protected]Website: www.captainewave.comS&P500:Within wave -iii-, we completed wave .iii. at the 3588.11 high, and all of wave .iv. as a failure at 3233.94.Our current high for wave .v is 3545.99, which is a bit short of our projected endpoin...Read More

With only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their...by Bix Weir of Road to RootaWith only 3 trading days left before the December Delivery month the Silver Shorts are Throwing tantrums to try and shake off their 260M oz Short Position! How many contacts can they cover before Wednesday?! It's HODL time my silver lover...Read More

This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world, and, that's not all... by Steve St Angelo of SRSrocco ReportWhen it comes to silver, Americans are leading the world in hedging their bets in the shiny metal. This year, Americans have purchased one out of every three ounces of physical silver bar and coin compare...Read More

No more fighting for $2 DVDs! The dollar's hyperinflating and we're on lockdown anyway, so if we get a smash, the Cartel has lost its mind or control of...(by Half Dollar) What do you get when you combine Black Friday deals with a Cartel silver price smash just at a time when tens of millions of American Silver Bugs, stackers, and other smart investors are shopping online in droves because they're...Read More

Steel billet producers in the Commonwealth of Independent States (CIS) were looking for higher prices again on Monday November 23, citing a surge in scrap costs and a strong international long steel market.But trading was quiet because buyers were not able to keep up with the rocketing offer prices, Fastmarkets heard.Offers for steel billet from Russian and Ukrainian mills were heard within the ra...Read More

Commodities trader Trafigura and local government body Entreprise G?(C)n?(C)rale du Cobalt (EGC) have penned an offtake agreement specifically for the supply of artisanal cobalt in a deal designed to concurrently formalize the sector. This could make artisanally mined cobalt in the Democratic Republic of Congo (DRC) a more attractive prospect to multinational companies that demand greater supply c...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The New York Harbor Product Storage report is the first of its kind and relies on the same highly calibrated infrared camera, aerial diagnostic and proprietary technologies we use to measure and deliver our industry standard Cush...Read More

RAPAPORT... It's been a tumultuous year, and the upcoming holiday forecast has not eased concerns. Although sales are still expected to increase over last year, the margin is slim, according to AlixPartners. The consulting firm estimates that revenues for October through December will be only 1% to 2.6% higher than they were in 2019. Even with online sales expected to grow by 25% to 30% year on ye...Read More

Lundin Mining has agreed a 30-month collective labor agreement with around 550 workers at its Candelaria copper unit in northern Chile, partially ending a month-long walkout at the site.On Friday November 20, the Canada-headquartered miner said the Candelaria AOS Union in Chile had accepted the company's latest offer, which was presented to the union on November 12.The miner still n...Read More

RAPAPORT... Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes, it said Monday. The company, which is part-owned by De Beers, unveiled the DaVinci Diamond Factory last year at the Dubai Diamond Conference. Synova claims the machine will significantly speed up diamond manufacturing from weeks to hours, improve accuracy and symmetry, and r...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...Read More

(IDEX Online) - British miner Petra Diamonds reported a $223m loss for the year to June after facing "unprecedented challenges".  It follows the $258m loss it posted last year. Revenue slumped 36 per cent to $295.8m (FY 2019: $463.6m). Its Williamson mine, in Tanzania, has been on care and maintenance since April because of coronavirus.  The Cullinan mine - source of source of...Read More

(IDEX Online) - Jewelers are pushing domestic sales of diamonds to consumers in India with a series of short promotional videos.Their message is "Say it with Diamonds". They are the ultimate gifting option for a birthday, anniversary or Valentine's Day, and more meaningful to a loved one than a new phone, designer dress or even a car.The Gem and Jewellery Export Promotion Council (GJEPC) whic...Read More