Peter Krauth profiles three junior mining companies that he believes hold the potential to produce stellar results. So far this year, the S&P 500 is up 6%. Considering the massive challenges we've faced, that's not bad.By comparison, gold has clocked stellar returns. It's up 26% year-to-date.But a small subsector of the gold space has far outpaced even gold's returns.Imagine making 19 times your...Read More
Turkish export prices for steel pipe products have increased over the past month, in line with growing demand and rising raw material costs, sources said on Wednesday September 9.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $575-580 per tonne on Wednesday, up from $555-575 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More
Global tin premiums were stable in the two weeks to Tuesday September 8; a drop in the metal's three-month price on the London Metal Exchange did not drive spot buying, while volatile forward spreads, stagnant demand and supply concerns continued to limit business, Fastmarkets understands.US market sees little evidence of a demand increaseFalling LME price fails to drive European businessImport ar...Read More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region. Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US econo...Read More
Iranian exporters of steel slab have managed to win deals at higher prices in the recent round of sales, supported by favorable conditions in the Asian market amid growing costs for finished flat steel products.Fastmarkets' weekly price assessment for steel slab, export, fob ports Iran, was $432 per tonne fob on Wednesday September 9, up from $415-425 per tonne.Khouzestan Steel, which is one of th...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 9 that are worth another look.From learning early about the practicalities of running a business during summer-holiday work to her role as chief executive officer of Norwegian aluminium and energy company Norsk Hydro, Hilde Merete Aasheim has faced many challenges...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 9.Please click...Read More
The three-month price for copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 9, settling above nearby resistance on steady afternoon buying, while lead fell by more than 1% over the day to close below nearby support levels.Copper's outright price on the LME closed at $6,734 per tonne on Wednesday afternoon, climbing by a little less than 0...Read More
Nickel premiums in China continued their ascent in the week to Tuesday September 8 after demand strengthened while premiums in the United States fell after demand weakened in the region, sources told Fastmarkets. China NPI, nickel sulfate prices rose anew amid robust demandUS nickel briquette premiums widened down with stainless demand feebleEuropean premiums held in an illiquid spot market, with...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
We need to keep an eye on the broader markets as they will be one of the larger drivers of the gold and silver prices in September. However... by Steve St Angelo of SRSrocco ReportPrecious metals investors are wondering if the Silver Rally will continue in September. After the silver price reached nearly $30 in August, it has been consolidating lower over the past few weeks. However, silver...Read More
Brazilian alumina exports declined by 18.4% in August versus the same period last year due to reduced shipments from both the Alunorte and Alumar refineries during that period, according to data from the country's ministry of economy published this week.Brazil exported 572,708 tonnes of alumina last month compared with 701,743 tonnes in August 2019. Most of those volumes were shipped through the B...Read More
Benchmark alumina prices in the Pacific are under pressure due to quiet market conditions and weak demand, despite ongoing production restrictions at Hydro's Alunorte refinery in Brazil.Fastmarkets benchmark alumina index, fob Australia was at $273.44 per tonne on Wednesday September 9, down by 3.8% from a five-month high of $284.32 per tonne on August 21. "Prices are under pressure and...Read More
RAPAPORT... LVMH has abandoned its acquisition of Tiffany & Co., citing a trade dispute between the US and France and a disagreement over the timing of the deal.Tiffany has sued LVMH in response, claiming that the luxury giant was in breach of the takeover agreement and intentionally stalled completion so it could renegotiate the $16 billion price.The French government ordered LVMH to def...Read More
RAPAPORT... Lucapa Diamond Company will sell rough from its Mothae mine in Lesotho directly to diamantaires through private partnerships, allowing it to secure higher prices for its production, it said Wednesday.The new sales channel was approved by the government of Lesotho to overcome the challenges presented by the coronavirus, which make it difficult to sell at tender. Lucapa will also receive...Read More
RAPAPORT... August saw Belgium's first increase in polished-diamond exports for 16 months, after a long period of inactivity led to a buildup in demand."There's definitely demand and shortages in certain categories. People are buying again," Karen Rentmeesters, senior communications manager at the Antwerp World Diamond Centre (AWDC), told Rapaport News Tuesday.Polished shipments out of the co...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 9.Please click...Read More
(IDEX Online) - Petra Diamonds has been accused of breaching human rights at its Williamson diamond mine, in Tanzania.The UK-listed miner, which put itself up for sale last month, today said that lawyers had filed complaints against it and mine operators Williamson Diamonds Limited (WDL) alleging "human rights violations, personal injuries and deaths" on behalf of 32 anonymous individuals.The UK-b...Read More
(IDEX Online) - French luxury conglomerate LVMH has dramatically pulled out of its delayed $16.2bn acquisition of the jeweler Tiffany & Co, blaming the threat of US tariffs.Tiffany accused LVMH of deliberately stalling in order to renegotiate the agreement.It responded by filing a lawsuit to enforce the deal, which was originally agreed last November, before the coronavirus pandemic.It should...Read More