China's domestic rebar prices picked up on Thursday July 1 on early gains in the futures market, though market participants have expressed some pessimism following the release of data showing new orders in the construction industry falling in June. DomesticEastern China (Shanghai): 4,880-4,900 yuan ($755-758) per tonne, up by 20 yuan per tonneWhile the purchasing managers' index for business activ...Read More
China's domestic and export prices for stainless steel kept rising over the past week on steady local end-user demand and nickel gains.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday June 30 at $18,440 per tonne, up by $571 per tonne from $17,869 per tonne a week earlier.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wu...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 23.00-23.95 on Thursday July...Read More
The Cobalt standard 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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 22.90-23.70...Read More
Elkem chief executive officer Michael Koenig has resigned.Elkem will now initiate a succession process to recruit a permanent replacement for the role, while board member Helge Aasen will serve as interim chief executive officer of the Norway-based silicon and ferro-silicon...Read More
China's tungsten market is experiencing a tight supply of concentrate and ammonium paratungstate (APT), pushing prices for both products upward and leading some participants to expect the market to begin a new uptrend.The supply shortage has forced Chinese APT exporters to either raise their offer prices or suspend trading entirely.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 mi...Read More
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Bullion prices edged down in Thursday’s trading session and are on track for their biggest monthly decline since November 2016. But despite the tumble in bullion prices over the past week, investors remain bullish on gold stocks and, specifically, on the mining stocks of Canadian junior gold miners. Some individual mining stocks are registering gains as are gold and silver mining ETFs,...Read More
If you're like me, you haven't set foot in an airport in almost two years.When we eventually do, we'll enter a whole new world. It'll look a lot like the one before, but it will be fundamentally transformed.The way things are looking, some airlines might not be around anymore. I wouldn't be surprised if we still see even more government-brokered bailouts similar to what we saw in the last two rece...Read More
A briefcase tethered to a lifeless body floats toward the southern Spanish coast and is intercepted by a lone fisherman.Dragged onto the beach and inspected by Spanish soldiers, the body is identified as Major Martin, a British Royal Marines captain. In his pockets, a photograph of his fianc?(C)e, love letters, a receipt for a diamond ring, ticket stubs from a London theatre, a bill for a stay at...Read More
Base metals prices on the London Metal Exchange were broadly up at the close of trading on Friday July 2 following better-than-expected data released by the US Bureau of Labor Statistics.Base metals prices on the London Metal Exchange were broadly up at the close of trading on Friday July 2 following better-than-expected data released by the US Bureau of Labor Statistics.Total nonfarm payroll empl...Read More
Small differentials for low-carbon aluminium in Europe were achievable for both primary aluminium and value-added products in June, market participants told Fastmarkets. But high underlying premiums for aluminium continued to cap any significant movement in low-carbon differentials. Fastmarkets assessed its aluminium low-carbon differential P1020A, Europe at $0-5 on Friday July 2, up from zer...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
Adam HamiltonArchivesJul 02, 2021Gold, silver, and their miners' stocks suffer their weakest seasonals of the year in early summers. With traders' attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, gold tends to drift sideways dragging silver and miners' stocks with it. Long feared as the summer dold...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.China The China ferro-silicon price edged up due to the tighter availability following the news that producers in Shanxi and Ningxia might face another round of production cuts so the provinces can meet their dual energy consumption targets, with supplier offers broadly unchanged.In addition, the ne...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.ChinaSeaborne low-grade manganese ore prices were little changed in the week to July 2, while the market for high-grade manganese ore strengthened again after buyers accepted elevated prices for August-shipment material which was first offered late last week.Portside market softened with buying acti...Read More
Tesoro's stock rose from below 2c in February 2020, after it was backdoor listed via a tech shell, and peaked at above 30c in September, and is still trading around 15c after dozens of positiveRead More