The closure of the arbitrage window between London and Shanghai prompted a drop in Chinese zinc premiums in the week to Tuesday June 2, while broad stagnancy in European and US demand kept premiums firm, although some market participants anticipate that demand could further weaken in the coming months. Cif Shanghai premium dipped as demand diminished in line with arbitrage window's close Sout...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 3.Please click...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on June 3.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% mont...Read More

To facilitate the process, the company plans to complete a 10:1 share consolidation and reduce its share count from 253.6 million to 25.4 million.Read More

An earthquake with a magnitude of 6.8 has hit the Antofagasta region of Northern Chile, which is home to a cluster of major copper mines, Fastmarkets understands.The US Geological Survey said the earthquake occurred in the early morning local time on Wednesday June 3, with the epicentre of the quake reportedly in the southwest of San Pedro de Atacama. Major copper mines close to the epicentre incl...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has entered into an agreement with a reporting insider of the Company in connection with a non-brokered private placement financing (the "Offering") pursuant to which the insider has agreed to subscribe for up to 1,400 senior unsecured convertible debentures (the "Convertible...Read More

Key data from the pricing session in London on Wednesday June 3.Key drivers: Standard-grade cobalt prices drifted further on the low-end of the quote, on continuing good availability, despite the suspension of production at Ambatovy. Offers were being revised to the low side, and sellers opened to bids, in light of thin demand refently, and uncertain...Read More

With the nation in deep crisis, stocks continued on their heedless path higher. The seemingly demented rally is demonstrating yet again that bull markets at some point decouple so completely from reality as to mock those who thrive by promoting them. By now, the spun story that investors are looking past the pandemic and focusing on renewed growth is sounding increasingly farfetched. Some econom...Read More

By: Gary SavageThe US Dollar Index has broken through support and is heading lower. Where to next?https://blog.smartmoneytrackerpremium.com/Read More

Steve St. Angelo, SRSrocco Report What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken... the second-largest shale oil-producing region in the United States. Even after the global contagion fades away, the North Dakota Bakken has likely reached peak production. According to a new chart by Jean Laherrere, from his recent work titled, Negative WT...Read More

By: Ira Epstein18-day moving average near 1740, strong support in the lower $1700's:Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on June 3.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% mont...Read More

Fortescue Metals Group, another iron ore miner with its best assets in Australia, was also dealt a solid blow to its environment, social and governance standing through the loss in court of aRead More

Turkish steel producers have continued to book more deep-sea scrap cargoes at steady prices, sources told Fastmarkets on Wednesday June 3.A steel mill in the Izmir region booked a US cargo, comprising shredded scrap at $259.50 per tonne and plate & structural scrap (P&S) at $264.50 per tonne cfr late on Tuesday June 2. The cargo's composition and volumes were not clear at the time of publicat...Read More

Fastmarkets is launching a two-month consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis.Under a new categorization policy being introduced in China, most No2 scrap could be traded as renewable copper materials starting from July 2020. Background to the consultationA...Read More

Key data from the June 3 pricing session in London and Shanghai.Key drivers: - Cobalt hydroxide payables were steady in the first half of the week - fresh inquiries were relatively fewer than in late May, but buyers are still finalizing their latest round of spot top-ups. So far, suppliers have refused to compromise and accept lower bids. - Suppliers indicate they are holding their offers firm for...Read More

Key data from the pricing session in London on Wednesday June 3.Key drivers: Standard-grade cobalt prices drifted further on the low-end of the quote, on continuing good availability, despite the suspension of production at Ambatovy. Offers were being revised to the low side, and sellers opened to bids, in light of thin demand refently, and uncertain...Read More

The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

Demand for flat steel products in Turkey was moderate in May because of low stocks in the country and the spread of the Covid-19 pandemic, market participants told Fastmarkets on Wednesday June 3.Turkish flat steel producers were fully booked until late July and have started to accept orders for August production.Steel trading was limited in May because of various curfew orders and national holida...Read More