Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
Fastmarkets has corrected its manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price, which was published incorrectly on Wednesday June 10 due to an error.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was originally published at $1,500-1,600 per tonne on June 10. This has now been corrected to $1,550-1,600 per tonne.Fastmarket...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More
Japanese steel scrap prices have jumped again over the past week amid tightening supply but buyers are unwilling to accept the fresh price increases, market sources told Fastmarkets on Wednesday June 10.Tight supply of H2 heavy scrap has resulted in further increases in scrap buying prices at Japanese mills over the past week, together with a sharp rise in sales prices at the Kanto Tetsugen auctio...Read More
On average, base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by 0.2% and 0.4% respectively at 7.07am London time on Wednesday June 10. Asian-Pacific equities were mixed but pre-market major western equity index futures were up this morning, showing some mixed currents ahead of the US Federal Open Market Committee (FOMC) economic projections and statement that a...Read More
FORT FRANCES - The Ontario government is investing more than $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in two Rainy River agricultural projects, creating three jobs.Rainy River Future Development Corporation is receiving $1 million to begin a two-year tile drainage program in the Rainy River district. Tile drainage is a common land-improvement practice that creates...Read More
The cobalt standard grade, in-whs Rotterdam 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 cobalt...Read More
The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trade 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
European hot-rolled coil producers have been under severe pressure from subdued demand and high raw materials costs, sources told Fastmarkets on Wednesday June 10.Market activity has been low due to a combination of well-stocked distributors and a lack demand from end users, including those in the automotive industry."Most automotive subcontractors have enough to do at the moment as carmakers have...Read More
Fraunhofer Institute confirms 99.99% (4N) high purity alumina (Al2O3), is critical for Lithium battery safety and performance. Test work shows there is sodium contamination from low grade alumina and boehmite in lithium-ion battery applications. There is up to an 80-fold increase of sodium levels, in contrast, there is minimum sodium leaching for 4N alumina (99.99%). Sodium contamination causes se...Read More
Workers of Tata Steel Netherlands started industrial action after their ultimatum expired and the company's management failed to reach consensus with their workers' representatives, trade union FNV Metaal said on Wednesday June 10. Workers at the ore preparations of Tata Steel's Dutch asset in IJmiuden left their work at 2pm today local time, stating that Tata Steel failed to comply with their dem...Read More
High offers for steel plate issued by mills in China have led exporters in the country to seek out cargoes from other countries such as India and South Korea to sell elsewhere.Fastmarkets' price assessment for July/August shipments of steel heavy plate export, fob China main port was $470-480 per tonne for the week ended Tuesday June 9, up by $10 per tonne from $460-470 per tonne a week earlier.An...Read More
The use of medical marijuana is legal today in 33 states across the nation. Yet despite already being legal in most states, the medical cannabis industry still has way more room to grow than most people are considering.That's because in many states with legal marijuana, overly tedious rules and regulations are drastically throttling the industry. It's being held back.For investors, this means even...Read More
The price for steel H-beams in Europe was unchanged on Wednesday June 10 in a stable market, while a change in market direction could be possible when monthly scrap prices are settled, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?530-550 ($599-622) per tonne on Wednesday, flat week on week."Prices are unchanged. With...Read More
Today, on INK Ultra Money Mark Cuban provides an uplifting take on the state of markets, leaving no doubt in his mind that we have entered an internet-bubble like period. It is in an insightful, entertaining, and reassuring Real Vison premium video reinforcing the idea that eventually hard work and sanity prevail over irrational exuberance.America needs to get more productiveOf course, good luck...Read More
The European steel mesh-quality wire rod market has been quiet this week ahead of new steel scrap settlements, with prices diverging from region to region, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was ?,?420-440 ($475-497) per tonne on Wednesday June 10, stable over the week.ItalyThe "workable" price for wi...Read More
Prices of hollow steel sections in Europe fell slightly on Wednesday June 10, with stocks at mills increasing because they are trading less than they produce, sources told Fastmarkets. Fastmarkets assessed steel sections (medium), domestic, delivered Northern Europe at ?,?550-560 ($622-633) per tonne on Wednesday, narrowing downward from ?,?550-570 per tonne a week earlier.One distributor fears th...Read More
Japanese steel scrap prices have jumped again over the past week amid tightening supply but buyers are unwilling to accept the fresh price increases, market sources told Fastmarkets on Wednesday June 10.Tight supply of H2 heavy scrap has resulted in further increases in scrap buying prices at Japanese mills over the past week, together with a sharp rise in sales prices at the Kanto Tetsugen auctio...Read More
An expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.While Brazilian miner Vale, a key producer of high-grade iron ore fines and pellets, is maintaining its production guidance despite a suspension of operations at its Itabira mining complex, many market participants in Asia are expecting a shortage of Brazil-origin...Read More