By: Gary SavageSPX short-term cycles, a head and tops topping pattern?Read More

By: Ira EpsteinGold is stuck in the middle of this dead zone. What is needed to get out of the range?Read More

IAMGOLD is the latest company to experience pushback and has suspended operations at its Rosebel gold mine in Suriname after the union resisted the implementation of prevention measures after seven workers were diagnosed with the virus.The union at Rosebel, which is forecast to produce 245,000-265,000 ounces of attributable production this year, resisted social distancing measures such as reducing...Read More

Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More

Domestic prices for ferrous scrap in Germany have increased by about ?,?5-10 per tonne month on month in June, sources told Fastmarkets on Thursday June 18.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?235-245 ($264-275) per tonne on June 18, up by ?,?5 per tonne month on month from?,?230-240 per tonne in mid-May....Read More

Turkish steel mills booked no deep-sea cargoes on Thursday June 18, with a growing number of market participants now believing that prices have reached a peak, sources told Fastmarkets.News of a US deal from the beginning of the week was, however, heard on Thursday.A steel mill in the Izmir region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $265 per tonne and 15,000 tonnes of...Read More

Export prices for steel scrap from Japan remained largely unchanged in the week to Wednesday June 17, but market participants expecting to see lower prices in the next bookings.Japan's export scrap prices for H2 heavy scrap have been on a consistent upward trend since early April, but the high prices have put off many buyers over the past week, with key consumers in Taiwan concentrating...Read More

Markets were mixed again this morning, Thursday June 18; equity indices were weighing up the possible impact of second waves of Covid-19 against the supportive measures governments continue to provide and pledge. Asian-Pacific equity markets were mainly weaker this morning, as were pre-market major western equity index futures; the exception was China's CSI 300 Index. Developing Asian countries to...Read More

Last week, I spent most of my time in front of the television.I was battling a serious case of vertigo, and it made it nearly impossible to work on my computer, read a book, or do any kind of physical activity.So, I parked it in front of the idiot box and binged watched Vikings.Without a doubt, one of the best series on television. I got so caught up in it, that when the room stopped spinning and...Read More

On Thursday June 18, Fastmarkets launched two trade logs covering battery-grade lithium prices. The battery-grade lithium carbonate and lithium hydroxide trade logs cover the following prices: Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg  ...Read More

Key data from the Wednesday June 17 pricing session in London. Key drivers  Increased spot inquiry fails to continue into this week, with market participants indicating a short round of pre-summer restocking, that has now been concluded.  Sources say strong...Read More

The COVID-19 pandemic and the ensuing policymaker response may have created a turning point for building materials and forest products stocks. On Monday, INK Canadian Index member CanWel Building Materials (CWX) provided a business update in which it noted that, subsequent to reporting Q1 results, it had seen steady end-market demand resulting in an 8% increase in year. While the company reduced...Read More

News that carmaker Tesla secured a cobalt supply deal with Glencore has failed to lend any support to blue metal prices in China so far this week, with market participants instead focusing on persistently weak downstream demand.Tesla will purchase cobalt from trader-miner Glencore to feed its new "Gigafactories" in Shanghai and Berlin, several media outlets reported on Tuesday June 16.The news imm...Read More

Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.Workers of Tata Steel's Dutch operations have planned another strike during the night shift, which will affect the hot zone, the trade union FNV Metaal said on June 18.Brazilian iron ore and metals producer Vale has scheduled the reopening of its Canada-based Voisey's Bay nickel unit to early Ju...Read More

Domestic prices for hot-rolled coil in Northern Europe have reached the "bottom", sources told Fastmarkets on Thursday June 18, with steelmakers expected to announce price rises soon.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was ?,?392.14 ($441.08) per tonne on Thursday June 18, up by ?,?2.14 per tonne from ?,?390 per tonne on Wednesday June 17.The index wa...Read More

Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will increase domestic prices by 10.5% on July 1, it told distribution clients this week, sources with knowledge of the move told Fastmarkets.Rising iron ore prices and a steep discount to domestic steel over imports support the action CSN has taken, the sources added. The company had already considered an increase in June but weakening de...Read More

Turkish domestic long steel prices continued to increase over the past week in line with firm demand, but they may now have reached a peak because scrap prices are expected to fall soon, sources said on Thursday June 18."The general thinking in the market is that the increase in scrap prices has stopped [and] this put on the brake in local [long steel] prices," a senior official at a maj...Read More

Turkish rebar and wire rod export prices remained steady over the past week amid a lack of demand, sources said on Thursday June 18.Turkish steel mills continued to offer rebar for export at $425-430 per tonne fob on actual weight basis, while bids for the material were no higher than $410 per tonne, Fastmarkets heard."Mills continued...Read More

Demand for imported steel billet in Egypt remained limited in the week to Thursday June 18, despite billet import prices decreasing because of lower bids, sources told Fastmarkets.No improvement in demand was anticipated any time soon, sources told Fastmarkets, because construction activity has all but halted across the country since a presidential decree in late May.The cessation o...Read More

Domestic prices for ferrous scrap in Germany have increased by about ?,?5-10 per tonne month on month in June, sources told Fastmarkets on Thursday June 18.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?235-245 ($264-275) per tonne on June 18, up by ?,?5 per tonne month on month from?,?230-240 per tonne in mid-May....Read More