Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More
Ferroglobe will restructure its ferro-alloys production plants in France and Spain, which will affect manganese alloys, silicon and foundry alloys output near term, the company told Fastmarkets.Spain-based Ferroglobe has the production capacity for more than one million tonnes per year of ferro-alloys, such as manganese alloys, ferro-silicon, ferro-silicon magnesium, as well as foundry alloys such...Read More
Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Turkish steel mills have started buying deep-sea scrap again at steady prices for shipment in June, market participants told Fastmarkets on Tuesday April 27.A steel mill in the Marmara region booked a Baltic Sea cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $427.50 per tonne cfr.This compared with the most recent deep-sea transactions heard on April 21, when two Baltic Sea suppliers secu...Read More
A summary of Swedish metals producer Boliden's financial and production results for the first quarter of 2021, as released on Tuesday April 27.In brief Boliden's total operating profit for the first quarter of 2021 was 2,779 million Swedish krona ($331.5 million), down from 3,077 million krona in the last quarter of 2020. In a year-on-year comparison, however, operating profits increased by 1...Read More
Share this article TORONTO - Arizona Gold Corp. [AZG-TSX; AGAUF-OTCQB], formerly Kerr Mines Inc., has released additional underground drilling results at its 100%-owned, fully permitted, Copperstone gold project in LaPaz County, Western Arizona.Giulio Bonifacio, CEO, stated: "We are pleased to announce additional drill results from the current underground core drilling program, which continues...Read More
Copper is once again pushing ahead with its advance toward $10,000 per tonne this morning, Tuesday April 27, and such is the upward momentum now across most of the complex that it has woken nickel up from its two-month slumber in low ground. Market focused on economies that are recovering......less so on the areas where Covid-19 is ragingBase metalsMost of the LME three-month base metals prices we...Read More
At PDAC 2021, we spoke with Johann Jacobs, Executive Chairman of King Island Scheelite Limited (ASX: KIS). King Island Scheelite is focused on redevelopment of its 100% owned, past producing Dolphin Tungsten Mine, located on King Island, Tasmania. Initially, the focus is on producing a high-grade tungsten concentrate, however plans are well advanced to value-add the product for supply into the ups...Read More
Fastmarkets' daily indices for domestic hot-rolled coil inched further up on Tuesday April 27 due to the continuing shortage in Europe combined with strong demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?973.33 ($1,176.99) per tonne on April 27, up by ?,?2.08 per tonne from ?,?971.25 per tonne on Monday.The in...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Prices for steel billet and rebar were mostly stable in the United Arab Emirates during the week to Tuesday April 27 because of weak demand during the Islamic holy month of Ramadan, sources told Fastmarkets.Working hours are reduced during Ramadan and the month is traditionally a period of low trading activity for the Middle East region, Fastmarkets understands.Rebar producers in the UAE...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
China's domestic rebar prices stopped rising on Tuesday April 27 because buying interest dropped after Monday's price hike, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($802-806) per tonne, unchangedEnd users felt it was difficult to keep high procurement rates at their current prices and they bid lower, a trader in Shanghai said. Sellers maintained prices because t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More
Is this just the beginning of the bull run in silver? Mike Maloney and Jeff Clark believe it is, watch today's video to see why.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly...Read More
In this video George Gammon shares fantastic info on the Dystopian Future of America & how to prepare ourselves mentally, so that we can create a better world. He talks about the IMF plan to replace Bitcoin/Gold/Dollar with a digital currency from central banks, and how to adopt the right mindset, so that we can create freedom and success in life. George Edward Gammon is an American real estate in...Read More
Lynette Zang joins me to discuss the current silver situation.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be a...Read More
In today's episode, we begin with Marc's thoughts on why governments mishandled the COVID response in the last year, and what he expects the long-term effects from both the monetary and fiscal responses will be going forward. Then he shares his thoughts on why he thinks more and more of the younger generations favor socialism. We touch on the financial speculation in the markets, particularly with...Read More