Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday June 2 - zinc and tin prices were up on both exchanges and were looking robust, while the others have lost recent upward momentum. Brent crude oil is back above $70 per barrel, the highest it has been for two years. Tuesday's manufacturing purchasing managers' index (PMI) data for...Read More
Key data from the pricing session in London on Wednesday June 2. Key drivers Market participants agree that demand is picking up in both Europe and Asia although this has yet to translate into a price increase and units...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi in London,...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 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 19.90-20.50 on Wednesday...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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday June 2.Key drivers Trading has been quiet over the past week due to the shortened working week, with a national UK holiday on Monday May 31 (Spring Bank Holiday), while European markets will be affected by Corpus Christi on Thursday June 3. These breaks have also coincided with school holidays, meaning that many workers are...Read More
Recent weakness in Chinese export hot-rolled coil prices are likely to have minimal impact on prices in Turkey and the Commonwealth of Independent States - major flat steel suppliers - at least in the short term, sources told Fastmarkets. Existing demand at key outlets and long lead times will prevent prices from following the Chinese export price in the near term, Fastmarkets has learned. Do...Read More
Fastmarkets has decided to revise the outlier detection method used in the calculation of its copper concentrate treatment and refining charge (TC/RC) index. Following a one-month consultation, Fastmarkets will proceed to revise the outlier detection method used in the calculation of its copper concentrate TC/RC index to reflect spot market changes. Changes will take effect on Friday June 4. The p...Read More
The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from US$15,750 per tonne to US$16,500 per tonne for 2021.London Metals Exchange nickel prices are expected to tick lower than present spot levels in the coming months, as demand from steel production stabilises and new n...Read More
SolGold (TSX: SOLG; LSE: SOLG) and shareholder Cornerstone Capital Resources (TSXV: CGP) have ended a two-year standoff that cost the miner's chief executive officer his post, agreeing to jointly advance the Cascabel copper-gold project in northern Ecuador.The move will allow the parties to explore financing options for the mine, which is expected to begin production in 2025.Canada's Cornerstone h...Read More
Foran Mining (TSXV: FOM) is considering expanding the 30,000 metre drill program under way at its McIlvenna Bay project in Saskatchewan after receiving encouraging results and a deal with Fairfax Financial Holdings for a $100 million investment.Drilling at McIlvenna Bay continues to define a band of thick, copper-rich mineralization in the Massive Sulphide (MS) and underlying Copper Stockwork zone...Read More
Privately held Minera????o Vale Verde (MVV) and funding partner Appian Capital Advisory have completed construction of the Serrote copper-gold project in Alagoas, Brazil, ahead of schedule and under budget.At full capacity, the mine will produce on average 22,000 tonnes per year of copper at a time when the metal price is trading at record highs and in an environment where the gold price could set...Read More
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia's Wyloo Metals still hasn't made a formal bid for the Ring of Fire-focused Ontario junior.But it has come out with a plan to create a "world-class Future Metals hub" in the Canadian province starting with a commitment to invest $25 million in studies that will look at the potent...Read More
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Tesla is expected to become the first automaker to use LG Energy Solution's new NCMA battery cells, which have a 90% nickel composition. Over the last few years, Tesla has been adopting more new chemistries in its battery cells for its electric vehicles, especially with new vehicles being produced at Gigafactory Shanghai. By validating new [...]Read full newsRead More
Atlantic Gold's environmental impact statement drew strong criticism from individuals and groups who weighed in on the Fifteen Mile Stream project.Read full newsRead More