The price of austenitic stainless steel scrap in the UK and Europe moved higher over the past seven days on the back of rising nickel costs in first half of the week, sources told Fastmarkets on Friday March 26.Nickel prices retreated in the second half of the week, however, wiping out most of the gains and halting the upward momentum in the stainless scrap market. Nonetheless, Fastmarkets' weekly...Read More

Chinese copper and zinc smelters are now finding the sulfuric-acid price hike had provided some breathing room as a key source of income while processing fees for concentrate both sank to multi-year low levels, Fastmarkets understands.The sale of sulfuric acid - a major by-product of copper and zinc smelting - has been generating more cash for smelters, with acid prices increasing substantially in...Read More

The London Metal Exchange three-month aluminium price reached a new year-to-date high of $2,301 per tonne shortly before 5pm on Friday March 26 and was the only metal to record an increase from the start of the week. A surge in aluminium trading on Friday afternoon took the price to its highest since June 12, 2018, at the height of the US trade tensions. The price hit a peak of $2,353 per tonne in...Read More

The waiting time for deliveries of aluminium from London Metal Exchange warehouses in Port Klang, Malaysia, is estimated to be as far out as to September or October after a series of large cancellations, sources told Fastmarkets on Friday March 26. Over the past two weeks, 513,000 tonnes of aluminium have been canceled at warehouses in Port Klang. including over 190,000 tonnes on single day o...Read More

Seaborne premium hard coking coal price reversed down in the cfr market and inched higher in the fob market on Friday March 26 amid a positive outlook on the demand side in the fob market, sources said.The seaborne low-volatility pulverized coal injection price increased in the fob market amid more procurement activity while falling down in the cfr market due to weak demand and sufficient local su...Read More

All signs indicate that the Gold and Silver Futures markets are coming under increasing stress as a delivery vehicle....Samuel Briggs via KinesisAndrew Maguire and Craig Hemke, TFMetalsReport, break down the huge delivery requests on March COMEX contracts.Watch this week's Live from the Vault for:5:05?EUR< How is gold and silver price determined?8:35?EUR< The history of gold and silver price manip...Read More

Strong buying!by Harvey Organ of Harvey Organ BlogMARCH 25//GOLD CLOSED DOWN $7.75 TO $1726.90//SILVER DOWN 15 CENTS TO $25.02//GOLD TONNAGE STANDING INCREASES UP TO 30.127 TONNES/SILVER OZ STANDING HUGELY ADVANCES UP TO 58 MILLION OZ//INDIA RESUMES HIS HUGE IMPORTING OF GOLD//OVER 15 MILLION OZ WILL STAND FOR SILVER IN APRIL//BITCOIN COLLAPSES IN PRICE//CORONAVIRUS UPDATES//VACCINE UPDATES// NORT...Read More

Who dropped the Ball when it comes to standing up to the Silver Price Riggers?by Bix Weir of Road to RootaWho dropped the Ball when it comes to standing up to the Silver Price Riggers? #1 culprit is the Silver Mining Company CEO's...WHO REFUSE TO STAND UP TO THE PRICE RIGGERS!! Read More

Domestic prices for hot-rolled coil in Europe were up day on day on Friday March 26, with ArcelorMittal further increasing its offer prices, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil (HRC) index, domestic, exw Northern Europe at ?,?835.00 ($985.09) per tonne on Friday March 26, up by ?,?13.33 per tonne from ?,?821.67 per tonne on March 25.The index was also up...Read More

The spot price for light iron steel scrap in the United Kingdom was steady during the week to Friday March 26, stabilizing losses from last week amid firm fundamentals in the domestic market, sources told Fastmarkets.A sharp fall in European steel scrap export prices seen on Thursday may be short-lived, according to sources, with a pick-up seen the next day in steel rebar buying inquiries into Sou...Read More

The London Metal Exchange three-month aluminium price reached a new year-to-date high of $2,301 per tonne shortly before 5pm on Friday March 26 and was the only metal to record an increase from the start of the week. A surge in aluminium trading on Friday afternoon took the price to its highest since June 12, 2018, at the height of the US trade tensions. The price hit a peak of $2,353 per tonne in...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

Key data from Fastmarkets' pricing sessions on Friday March 26 in the Asia-Pacific region.Fastmarkets' copper concentrates treatment charge/refining charge (TC/RC) index, cif Asia-Pacific, resumed its downtrend this week after a slight rebound in mid-March.This was the third week the TC index has remained below the level of $30 per tonne.Smelters were less...Read More

Alumina prices on an fob Australia basis declined to their lowest level since November 2020 on Friday March 26, with oversupply of units continuing to stoke bearishness.Fastmarkets' alumina index, fob Australia was calculated at $274.50 per tonne on Friday, down by $5.57 from $280.07 per tonne the previous day. The index has dropped 5.1% since the start of the week when the index was at $289.09 pe...Read More

The waiting time for deliveries of aluminium from London Metal Exchange warehouses in Port Klang, Malaysia, is estimated to be as far out as to September or October after a series of large cancellations, sources told Fastmarkets on Friday March 26. Over the past two weeks, 513,000 tonnes of aluminium have been canceled at warehouses in Port Klang. including over 190,000 tonnes on single day o...Read More

Chinese copper and zinc smelters are now finding the sulfuric-acid price hike had provided some breathing room as a key source of income while processing fees for concentrate both sank to multi-year low levels, Fastmarkets understands.The sale of sulfuric acid - a major by-product of copper and zinc smelting - has been generating more cash for smelters, with acid prices increasing substantially in...Read More

Deliverable lead stocks in Shanghai Futures Exchange-registered warehouses fell by 15.8% during the week to Friday March 26, while inventories of other base metals showed minimal movement, according to the exchange's latest stocks report.Lead stocks dropped by 7,984 tonnes to 42,672 tonnes, compared with 50,656 tonnes the previous week.The largest outflow was recorded at warehouses run by Zhejiang...Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningEBITDA was £29.3 million (ZAR622 million), while revenue jumped 110% yoy for the half to &po...Read More

Hot-rolled coil prices in the United States have held above $66 per hundredweight ($1,320 per short ton), although buyers remain wary of importing.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $66.17 per cwt ($1,323.40 per ton) on Friday March 26, up slightly from $66.12 per cwt on Thursday March 25 and 1.83% higher than $64.98 per cwt the week before.Fresh inputs w...Read More

Indian hot-rolled coil export prices have increased by $30-35 per tonne during the week to Friday March 26 on continued demand from South East Asian countries.Fastmarkets' assessment of steel hot-rolled coil (commodity) export, fob main port India was $790-800 per tonne on Friday, an increase of $30-35 per tonne from $760-765 per tonne last week.The assessment was based on indicative offers from.....Read More