A summary of China's ores and alloys exports for March 2021.In brief China's ferro-silicon exports rose dramatically in March from the prior month given Malaysia, one of the three major ferro-silicon producers, has experienced an electricity shortage and production there has declined. Chinese ammonium paratungstate (APT) exports increased last month with most orders signed in...Read More
Duterte signed Executive Order 130 on April 14, signalling an end to the moratorium implemented under 2012's Executive Order 79.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday April 21. Key driversThe ferro-titanium market drops to its lowest price level since early-January due to a slow demand, with some suppliers accepting weaker offer prices. Busier trading into the United States and Asia and firm scrap prices stemmed steeper losses, sources said.The market is seen finely...Read More
Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More
Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.The spread of the Covid-19 pandemic is becoming polarized on a regional basis......this could threaten the global recovery and travelTension rises on Russia-Ukraine border Base...Read More
Mineral processing company Green Lithium announced on Tuesday April 20 that it has secured funding of ?631,000 ($880,000) from the Advanced Propulsion Centre (APC) to support the construction a large-scale lithium refinery in the UK."Currently, there is no commercial lithium refining capability of scale in Europe," a statement on...Read More
Share this article VANCOUVER - B.C.'s minerals and metals are needed for advances in green technologies and new innovations. The B.C. Budget 2021 announcement acknowledges the critical role that a strong mineral exploration industry plays in supporting the transition to a low-carbon future in B.C. through investments in infrastructure, skills training and permitting.The Association for Mineral Ex...Read More
A summary of Australian spodumene concentrate miner Pilbara Minerals' results for the first quarter of 2021, released on Wednesday April 21.In brief Spodumene output for the quarter ended March increased by 22.14% from the December quarter, to serve increasing demands for spodumene concentrate from existing customers,...Read More
Domestic prices for European heavy steel plate increased again in the week to Wednesday April 21, supported by rising slab costs and a redirection of plate supplies from the spot market to projects, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?840-850 ($1,012-1,024) per tonne on April 21, up by ?,?30-40 per tonne from ?...Read More
Market sentiment in the European hot-rolled coil segment has remained bullish so far this week, with buyers struggling to secure volumes from both domestic and overseas suppliers, sources told Fastmarkets in Wednesday April 21. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?956.25 ($1,151.90) per tonne on Wednesday, up by ?,?2.50 per tonne fr...Read More
Sentiment in the European cold-rolled coil market has remained bullish due to material shortages at domestic mills and limited oversea alternatives, sources told Fastmarkets on Wednesday April 21.As a result of the tight supply, buyers have been ready to accept higher prices for CRC materials, but the number of deals has been nominal because mills were either holding back from offering in the spot...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
Prices for steel hollow sections in Europe moved higher on Wednesday April 21 because feedstock costs were continuing to climb, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,050-1,120 ($1,265-1,349) per tonne on April 21, up from ?,?950-1,050 per tonne on April 14."Prices have increased very quickly and aggressivel...Read More
European steel H-beam prices were unchanged week on week on Wednesday April 21, with producers starting a new push for increases, sources have told Fastmarkets.Fastmarkets assessed the weekly price for steel beams, domestic, delivered Northern Europe, at ?,?750-780 ($903-940) per tonne on Wednesday, unchanged week on week."Exports from the European mills are at a good level. There is currently no...Read More
Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More
Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More
Gold's price pattern has put in a bottom for now, but there is no certainty that the trend now has turned definitively bullish, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com. "I think gold's put in a bottom, it feels like it, the charts look like it, but really, we're not confirmed that...the trend is now up," Vermeulen told David Lin, anchor for Kitco News. 0:00?EUR< -...Read More
In this video, we have Rick Rule. Rick is a legendary commodities, gold, silver and Uranium investor. He discusses his macroeconomic outlook on the economic system, why he says it's horridly fascinating, and what you can do about it to prepare yourself financially.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is...Read More