Brazilian miner Vale has lowered its iron ore production guidance for 2020 to 300-305 million tonnes from 310-330 million tonnes due to the supply disruptions seen throughout the year, the company said on Wednesday December 2 in a filing to the country's securities and exchange commission, CVM.Previously, the company was expecting to deliver the bottom end of the estimated range for 2020, given ad...Read More
Iron ore prices surged on Wednesday December 2, supported by concerns over supply shortages in the first quarter of 2021, and some futures prices on the Dalian Commodity Exchange (DCE) closed at seven-year highs, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $136.29 per tonne, up $4.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $135.80 per tonne, up $3...Read More
Seaborne premium hard coking coal prices in both the fob and cfr markets edged higher on Wednesday December 2 due to active trading the previous day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.33 per tonne, up $0.36 per tonnePremium hard coking coal, cfr Jingtang: $167.26 per tonne, up $2.26 per tonneHard coking coal, fob DBCT: $90.05 per tonne, unchangedHard coking coal, cfr Jingt...Read More
Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 to an all-time high extending an intermediate uptrend. The stock responded to news that the United Kingdom has given fast track approval for Pfizer's COVID 19 vaccine.Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $94.28 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday December...Read More
Improved demand from the construction sector kept China's domestic rebar prices from falling further on Wednesday December 2.DomesticEastern China (Shanghai): 4,030-4,060 yuan ($613-617) per tonne, unchangedSeveral contractors raised their procurement rates during the day to replenish their inventories, having limited their buying in the past 10 days.The stronger demand, coupled rising futures, pu...Read More
Key data from Fastmarkets' Wednesday December 2 pricing session in Europe.Key drivers?EUR?Cadmium found support with demand in India, the most important spot market for the material, increasing over the past two weeks after a long period of slow activity.?EUR?The results of a tender from Russian producer Chelyabinsk showed evidence of refreshed interest among consumers. This tender...Read More
Drilling completed and additional technical studies underway Company plans to rapidly advance the project once PFS results are receivedELKO, Nevada, Dec. 2, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to provide an end of field season report for its CK Gold Project, an advanced stage gold and copper exploration and d...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou and Amy Lv in Shanghai and Carrie Shi in Beijing contributed to this article.Fastmarkets has reworked the market reports it previously published for the minor metals, noble alloys and battery raw materials sectors to align them with end-use sectors. C...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...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 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...Read More
The cobalt alloy 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....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 assessed...Read More
It has been almost one year since the start of the Covid-19 outbreak and global economies are still recovering from the fallout. Fastmarkets analyzes the effects of the pandemic on global cobalt supply and trade flows.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 2. Key drivers The ferro-titanium jumped to a peak last seen in September 2018 amid a jump in renewed demand from steel mills.Steelmakers have been looking for ferro-titanium both on a spot basis and for shipment out as far as the early second quarter of 2021, suppliers say....Read More
The market for UG2 chrome ore in China fell in the week ended Tuesday December 1 after stainless steel mill Tsingshan lowered its ferro-chrome tender price for December delivery.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell for the fourth consecutive week to $131 per tonne on Tuesday, down by $2 per tonne (1.5%) from $133 per tonne the preceding week. The...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
With European scrap metal supply still falling short of pre-Covid-19 levels, the "high-volume, low-margins" model adopted by giant recyclers could be out-of-date, industry executives said."Due to Covid-19-led lockdowns, we were at 30% of the normal capacity back then, now we are probably back to three-quarters but actual supply of copper scrap is not actually as high as it was," said Susie Burrage...Read More
Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on Wednesday, December 2. "Thyssenkrupp and Liberty Steel Group have agreed to enter a further process phase. Liberty Steel will shortly begin detailed due diligence and thus gain insight into key business data [o...Read More
BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world.Commenting on the sudden price gains in a research note, BMO's commodity analyst Colin Hamilton also said that as nations around the world consider self-sufficiency in rare earths and other critical minerals, while als...Read More