All base-metals prices on the London Metal Exchange were up by 1% or more at the 5pm close of trading on Monday April 26, with overarching bullish sentiment toward economic recoveries taking hold of the complex throughout the day.Copper and aluminium were the leaders of the rally on Monday, both reaching new 2021 highs during the day at $9,765 and $2,407 per tonne respectively.They closed at 5pm u...Read More

Apr 26, 2021 The Metals Company has over $500 million pipeline to fund the company through to small-scale commercial production, said CEO Gerard Barron who spoke to Kitco on Thursday. The Metals Company was formerly named DeepGreen. A March financing valued the company at about $2.9 billion. Barron told Kitco he sees around $570 million total from the raise that will fund the company. The Metals C...Read More

Copper's price reached $9,705 per tonne in the morning, while the rest of the London Metal Exchange base metals also started the week with higher prices on Monday April 26. Copper's price was up 1.6% on Monday morning to a new 2021 high - and its highest level since July 2011 - following a 1.9% rise over last week, when it closed at $9,551 per tonne on Friday. There were more than 11,000 lots...Read More

Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers' index (PMI) data that was out on Friday. US markets managed to shake-off concerns about US President Joe Biden's tax plans Base metalsLME three-month base metals pr...Read More

Here are five Fastmarkets stories you might have missed on Monday April 26 that are worth another look.Liberty Steel Dudelange-Liege has been cancelling orders and shipments to customers that had agreed deals for cold-rolled coil and hot-dipped galvanized coil, sources have told Fastmarkets.Metal...Read More

Bob Moriarty ArchivesApr 26, 2021Investors love reading recommendations on stocks they should buy for two reasons. One is they hope the stock they go buy goes up and makes money for them. The other is they have someone to blame should they not make money either because the stock went down or they failed to sell at a profit when they could.Actually I rarely recommend buying a specific stock and it&...Read More

The latest data for the global manganese ore market for the week ended April 26, 2021.Read More

Jack ChanPosted Apr 26, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices. Our ratio is...Read More

Renewed demand, sparked by lower offers in the past two weeks, shifted the seaborne manganese ore market to an uptrend this week, against the backdrop of support for portside prices and a strengthening performance in silico-manganese futures.Fastmarkets' manganese ore index 37% Mn, cif Tianjin, ticked up by 9 cents to $4.36 per dry metric tonne unit (dmtu) on Friday April 23, from $4.27 per dmtu a...Read More

China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have both slashed their ferro-chrome tender prices for May delivery by 1,050 yuan ($162) per tonne from the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Sunday April 25 are 7,300 yuan per tonne and 7,495 yuan per tonne respectively. This marks a decrease...Read More

Copper closed up almost 2% on the London Metal Exchange to US$9,771 per tonne yesterday.Marex Spectron's Alastair Munro said copper was at levels last seen in 2011, the year copper reached an all-time high of $10,190/t.Copper major Freeport-McMoRan is trading near a multi-year high, closing up 6.87% in New York after last week reporting strong March quarter results.In London, Antofagasta gained 4....Read More

China's magnesium prices increased by about 9% in both the domestic and export markets in the week to Friday April 23, with producers raising their offers amid low inventories, market sources told Fastmakets.In the domestic market, Fastmarkets' weekly price assessment for magnesium 99.9%,exw China was 17,000-17,100 yuan ($2,617-2,632) per tonne on Friday April 23, an increase of 1,400 yuan per ton...Read More

Turkish domestic scrap prices have remained fairly stable over the past seven days, with most mills keeping their buy prices unchanged week on week, market participants said on Monday April 26.Long steel producers in the Izmir region continued to buy domestic auto bundle and ship scrap at stable prices over the past seven days.Only two mills in the Marmara region cut...Read More

As the current surge in coronavirus cases in India takes hold, Fastmarkets looks at the possibility that the steel industry could lose its impressive growth.New cases of coronavirus in India have surpassed 350,000 per day and steel plants in the country have been supplying liquid medical oxygen (LMO) to hospitals because of the ongoing shortage of available oxygen. Diverting supplies of oxygen awa...Read More

Metal companies transporting material in containers are facing fresh disruption to shipping following the blockage of the Suez Canal last month, sources told Fastmarkets. The main immediate legacy of March's Suez Canal obstruction has been worsening congestion at several global ports following major disruptions to vessel scheduling. These delays to shipping times have also exacerbated shortag...Read More

Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers' index (PMI) data that was out on Friday. US markets managed to shake-off concerns about US President Joe Biden's tax plans Base metalsLME three-month base metals pr...Read More

United States-based lithium producer Albemarle has settled a dispute about its lithium reserves with the Chilean Nuclear Agency (CCHEN), the company said on Monday April 26.CCHEN licenses lithium exports by companies operating in Chile and had previously called on Albemarle to provide further details about its lithium reserves, because it considered the information submitted in 2019 to be insuffic...Read More

Key data from Fastmarkets' pricing session in China on Friday April 23.Key drivers China's cobalt metal price slumps amid weakness in local futures; buyers sent more inquiries, but were still cautious in buying on expectations that prices could fall further. Chinese cobalt tetroxide price narrowed downward on subdued demand; buyers were unwilling to accept higher...Read More

Here are five Fastmarkets stories you might have missed on Monday April 26 that are worth another look.Liberty Steel Dudelange-Liege has been cancelling orders and shipments to customers that had agreed deals for cold-rolled coil and hot-dipped galvanized coil, sources have told Fastmarkets.Metal...Read More

Share this article TORONTO - Fortuna Silver Mines Inc. [FVI-TSX, Lima; FSM-NYSE; F4S-FSE] said Monday April 26 that it has signed a definitive deal to acquire West Africa-focused Roxgold Inc. [ROXG-TSX; ROGFF-OTCQX] for $1.1 billion.Under the terms of the transaction, Roxgold shareholders will receive 0.283 common shares of Fortuna and $0.001 for each Roxgold common share held. When the transac...Read More