Chinese exporters of ammonium paratungstate (APT) held their offer prices firm this past week due to expectations for the yuan to continue strengthening against the dollar, even though overseas markets remained quiet.As a result, Fastmarkets' weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $265-275 per metric tonne unit (mtu) on Wednesday June 2, unchanged from a we...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 3 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), will start producing hot-briquetted iron (HBI) and increase its iron ore and pellet output by 2027-2028, the company told Fastmarkets.BHP, the majority owner and operator of...Read More
Turkish steel producers extended their silence in the deep-sea scrap import markets amid weakening demand for finished long steel products, sources told Fastmarkets on Thursday June 3.The most recent deep-sea trade was concluded at the end of last week, when a steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $503 per tonne and shredded scrap at $513 per tonne cfr.S...Read More
The world's second-largest copper mine, currently in expansion, will send 40% of its copper concentrate output in Phase 1 to a domestic smelter in the Democratic Republic of Congo (DRC), with negotiations to sell their copper output still underway, sources said.Kamoa Copper, operating out of Kamoa Kakula mine, signed a ten-year agreement with Lualaba copper smelter (LCS), of China Nonferrous Metal...Read More
Prices for steel scrap imported into China edged up on Thursday June 3 amid improving sentiment in the domestic market, sources said.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China - which takes into account prices at ports in eastern China - was $510-530 per tonne on Thursday, up by $10-15 from Wednesday.Many Chinese mills raised their purchase price...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally weaker on Thursday June 3 morning, although nickel bucked the trend on both exchanges.Brent crude oil continues to rally, reaching $71.71 on Thursday morning.China's Caixin services purchasing manager's index eases to 55.1 in May, from 56.3 in April.Base metalsLME three-month base metals prices were genera...Read More
Share this article SAINT-SAUVEUR - Monarch Mining Corp. [MQR-TSX; MRQRF-OTCQX; MR7-FSE] has announced plans to reopen its 100%-owned Beaufor mine and Beacon mill by June, 2022. The mine and mill are located some 20 km east of Val-d'Or, Que.The Beaufor mine has produced over 1.1 million ounces of gold averaging 7.50 g/t gold since the early 1930s. The mine is currently on care and maintenance, w...Read More
Last week, psychedelics company Field Trip Health (CSE: FTRP) (OTC: FTRPF) announced that it had been approved for an uplisting to the Toronto Stock Exchange.Despite the CSE being far more welcoming to psychedelics companies than the senior exchanges, the reality is that most institutional money won't touch CSE-listed psychedelics companies.This isn't necessarily a criticism of the CSE. In fact, w...Read More
Domestic European prices for hot-rolled coil were fairly stable day-on-day on Thursday June 3, supported by a persistent material shortage and strong demand, sources told Fastmarkets.The majority of Northern European producers were reported to be sold out of third-quarter-rolling coil, and suppliers in the region were ready to pay higher prices for material with earlier shipment.Italian producers,...Read More
Hot-rolled coil prices in China's domestic market trended higher on Thursday June 3, following gains in the futures markets, but export prices dropped due to weak demand. DomesticEastern China (Shanghai): 5,550-5,600 yuan ($869-876) per tonne, up by 30-70 yuan per tonne.With ferrous metals prices rising across the board, the most-traded HRC contract on the Shanghai Futures Exchange for October del...Read More
China's customs authorities will no longer require imports of some hot-rolled and cold-rolled coil to undergo inspections from June 10, the General Administration of Customs said on Tuesday June 1.The products affected, under the 10-digit Harmonized System (HS) code, include:7208261000 Other high-strength HRC of a thickness of 3mm or more but less than 4.75mm 7208269000 Other HRC of a thickness...Read More
Steel reinforcing bar prices in the United States increased again on Wednesday June 2, with the most recent hike from domestic producers accepted by the market.Fastmarkets' assessment for steel rebar, fob mill US was $44 per hundredweight ($880 per short ton) on June 2, up 0.57% from $43.75 per cwt the previous week.US marketThe most recent round of mill hikes - led by Commercial Metals Co and fol...Read More
Prices for steel billet imported into Egypt decreased during the week ending Thursday June 3 because of global price falls, although demand for rebar was better, sources have told Fastmarkets.Global prices for billet have been decreasing recently, because of limited buying by customers in China.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $653 per tonne on June 2, falling...Read More
Domestic steel rebar prices in Turkey have gone down over the past week amid falling scrap costs, market sources said on Thursday June 3.Turkish scrap import prices have fallen over the week amid limited demand from the mills in the country.Fastmarkets calculated the daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, at $495.27...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 3 that are worth another look.Russia's largest steelmaker, Novolipetsk Steel (NLMK), will start producing hot-briquetted iron (HBI) and increase its iron ore and pellet output by 2027-2028, the company told Fastmarkets.BHP, the majority owner and operator of...Read More
Russia's largest steelmaker, Novolipetsk Steel (NLMK), will start producing hot-briquetted iron (HBI) and increase its iron ore and pellet output by 2027-2028, the company told Fastmarkets.NLMK will construct a new metals and mining facility at its Stoilensky mining and beneficiation plant, it said.The start of the open-pit mine expansion is planned for 2022 with construction due to be most active...Read More
In this video we talk to Grant Williams. He shares his most important ideas about how to invest in the future. He talks about endgame for the global monetary system, gold, silver, what the future may look like, and much more.Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience...Read More
The Federal Reserve is set to begin selling bonds that it scooped up during the pandemic. Octavio Marenzi of Opimus LLC and Michael Pento of Pento Portfolio Strategies lend their insight to the central bank's latest decision and the continuing inflation facing the nation.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento...Read More
AMC shares climbed nearly six fold since mid-May, but news Thursday that the company would sell 11.5 million shares triggered a 20% selloff pre-market. Gareth Soloway, chief market strategist said that more downside action is expected. Soloway discusses with David Lin, anchor for Kitco News, the moves he's expecting for AMC, Dogecoin, Blackberry, and Bitcoin. 0:00 - AMC11:57 - Blackberry14:19 - Do...Read More
***Not Financial Advice***Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://aaronbasile.wordpress.com Read More