Aluminium premiums in Rotterdam are on an upward trend for the first time since the Covid-19 pandemic took hold of Europe, with benchmark P1020 premiums at four-month highs. Fastmarkets assessed the aluminium P1020A premium, in-whs dup Rotterdam at $90-95 per tonne on Friday July 31, up from $85-90 per tonne the week before. The midpoint of $92.50 per tonne is the highest since April 3 - the...Read More

China's domestic hot-rolled coil prices surged on Monday August 3 to reach their highest since October 2018 amid optimism generated by rising manufacturing activity.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($582-584) per tonne, up 70-90 yuan per tonneSeveral Shanghai-based traders told Fastmarkets that trading activity in that region was merely moderate because buyers were reluctant to p...Read More

The three-month zinc price on the London Metal Exchange was down during morning trading on Monday August 3, with price action slipping back below the newly-established $2,300-per-tonne support level, while narrower forward spreads helped tin futures retain recent momentum. Zinc's outright price on the LME was recently seen at $2,289 per tonne, slipping just over 1% from Friday's closing price of $...Read More

China's domestic and export prices for rebar moved up on Monday August 3 amid rising futures stimulated by the release of positive economic data. Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($522-526) per tonne, up by 40 yuan per tonneChina's manufacturing purchasing managers' index was 51.1 points for July, up by 0.2 points from June, according to the National Bureau of Statistics. This i...Read More

The metals and equity indices were mixed this morning, Monday August 3, with numerous crosscurrents affecting the markets.Data this morning showed China's Caixin manufacturing purchasing managers' index (PMI) climbed to 52.8 in July from 51.2 a month earlier, while Japan's manufacturing PMI rebounded to 45.2 from 42.6 over the same comparison. But the continuing spread of the Covid-19 in the world...Read More

A summary of Belgian battery materials company Umicore's results for the first six months of 2020, as stated in its half-year report published on Friday July 31.In brief Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to ?,?557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Ear...Read More

The Covid-19 pandemic has hampered global trade in an unprecedented way, with countries across the world imposing trade restrictions in their attempts to contain the spread of the virus, and with production and consumption being scaled back due to the weakened economic activity.As a result, world trade volumes showed a decrease of nearly 17% in the first five months of 2020, according to the lates...Read More

The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.90-14.35/lb on Monday August 3, 2020. ...Read More

China's domestic bismuth price has maintained its strong market level in a tight spot market, after picking up in mid-July, trading sources said.Fastmarkets' weekly price assessment for bismuth 99.99% Bi min, in-whs China was at 37,000-38,500 yuan ($5,306-5,521) per tonne on Friday July 31, up by 1,500 yuan per tonne or 4.1% from 36,000-36,500 yuan per tonne a week earlier. Market participants ha...Read More

The latest forecast from Fastmarkets' team of analysts is ready to view.As we enter the summer season across the northern hemisphere, almost half a year has passed since the Covid-19 pandemic began to seriously affect Europe and the United States.One would not really be able to tell that such a dramatic event had occurred by looking at stainless steel prices, however, because they are more or less...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources The answer is a word not used for some time: sequencing.Read More

India Business News: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retaRead full newsRead More

Stephanie Kelly, Koustav Samanta, Bozorgmehr SharafedinRead full newsRead More

The days are getting hotter -- and so is the market's interest in the yellow metal.Read full newsRead More

(Kitco commentary) - You may have heard that gold typically rallies seasonally from the middle of the year. This trend is driven by jewelry demand, which increases ahead of the Christmas business, the Indian wedding season and the Chinese New Year celebrations on the back of advance purchases by jewelers, which tend to put upward pressure on prices.Read full newsRead More

(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More

The rush for bullion, unsurprisingly comes amid the worst public-health crisis in generations, but what does the climb in the centuries-old haven asset mean...Read full newsRead More

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The global equity markets have been highly volatile this year amid the uncertainty created by the pandemic. The outbreak of COVID-19 had led to a slowdown in economic activities across the world. So, the central banks in the United States and Canada had lowered the interest rates to boost the economy. The lower interest rates have also reduced the yields on bonds and debts, thus making them less a...Read More