An overview of the minor metals markets andthe reasons for any price moves.Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
The Turkish deep-sea scrap import market has remained quiet so far this week, with mills staying away due to weak finished long steel demand, sources said on Wednesday August 19.The country's steel producers halted their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) was $285 per tonne cfr for material from the United States and the Baltic Sea.Since then, no significan...Read More
A sharp rise in the Kanto auction price and improved demand from South Korea helped Japanese export steel scrap prices rise over the last week, market sources told Fastmarkets on Wednesday August 19. Japan's monthly Kanto Tetsugen, which is an auction between a cooperative of scrap dealers in the Tokyo region, was moved back one week from its usual slot in the second Wednesday of the month due to...Read More
Most of the base metals on the London Metal Exchange were consolidating this morning, Wednesday August 19, after the majority of them extended gains on Tuesday; the exceptions were aluminium and tin, while copper was where the main action was this morning.The S&P 500 and Nasdaq established fresh record highs on Tuesday, while Asian-Pacific equities were mixed this morning.Gold prices are consolida...Read More
Key data from the Wednesday August 19 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China continued to edge lower amid lackluster demand despite recent stability in local futures prices; consumers largely on the sidelines with adequate material on hand.Chinese cobalt tetroxide prices softened...Read More
All our troubles seemed so far away in December 1970.Just a month before, U.S. oil production had averaged a new all-time record of 10.04 million barrels per day.Life was good on top, and the future looked brighter every month.For us, the sky was the limit.So you can imagine why the dip back below 10 million barrels per day that December didn't cause too much alarm.Then it dipped again just one mo...Read More
Tight intermediates availability and a rally in the cobalt hydroxide market brought cobalt metal back in favor with cobalt sulfate refineries looking to cut risk in their feedstock inflows in late July. Until then, cobalt hydroxide payables - the percentage of the metal price buyers pay sellers for cobalt intermediates - had been capped at 70% for at least a year and a half, reflecting ample suppl...Read More
Domestic prices for heavy steel plate in Europe were stable over the week to Wednesday August 19, due to the seasonal summer lowdown, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was unchanged over the week at ?,?450-470 ($536-560) per tonne on August 19.The assessment was based on deals heard in early August at ?,?450 pe...Read More
The domestic hot-rolled coil price in Northern Europe rose on Wednesday August 19, reflecting mills' insistence on pushing their offers up further, sources told Fastmarkets. Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?427.50 ($509.31) per tonne on Wednesday August 19, up by ?,?3 from ?,?424.50 per tonne on Tuesday. The index was also up b...Read More
The Real Vision precious metals series continues Tuesday. Yesterday, Lyn Alden of Lyn Alden Investment Strategy provided a macro analysis of gold and silver by comparing historically their prices relative to money supply, interest rates, and equity valuations. Meanwhile, Ron William makes the case for a bullish precious metals environment using technical indicators and chart patterns (premium vid...Read More
Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.09 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.39 per tonne, up $1.31 per tonne58% Fe fines high-grade premium, cf...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
Steady raw material costs and increasing demand from the automotive and construction sectors have kept wire rod prices in the United States firm, market participants said. Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $29-29.50 per hundredweight ($580-590 per short ton) on Tuesday August 18. This is down by 8.6% from $31.50-32.50 year over...Read More
The European wire rod market was quiet in the week to Wednesday August 19 amid the traditional summer slowdown, while market participants were expecting prices to rise in September, pushed upward by costlier scrap and increased buying activity, sources told Fastmarkets.Southern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, remain...Read More
The Turkish deep-sea scrap import market has remained quiet so far this week, with mills staying away due to weak finished long steel demand, sources said on Wednesday August 19.The country's steel producers halted their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) was $285 per tonne cfr for material from the United States and the Baltic Sea.Since then, no significan...Read More
A sharp rise in the Kanto auction price and improved demand from South Korea helped Japanese export steel scrap prices rise over the last week, market sources told Fastmarkets on Wednesday August 19. Japan's monthly Kanto Tetsugen, which is an auction between a cooperative of scrap dealers in the Tokyo region, was moved back one week from its usual slot in the second Wednesday of the month due to...Read More
Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.09 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.39 per tonne, up $1.31 per tonne58% Fe fines high-grade premium, cf...Read More
The dollar has broken critical support levels, what is the short-to-medium term outlook? Join Mike Maloney, Chris Martenson and moderator Mr Jeff Clark as they discuss some of the biggest news stories this week.?>>?Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the worl...Read More
Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell's The Capital Network's Executive Director Lelde Smits who stands to loose and gain the most. Egon von Greyerz specialises in wealth management and wealth preservation for high net worth individuals. He's the founder and managing director of Matterhorn Asset Management, a Swiss compan...Read More