An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More

A summary of results for the lithium division of Chilean producer Sociedad Quimica y Minera (SQM) for the second quarter of 2021, taken from its quarterly update published on Wednesday August 18.Key figuresLithium and derivatives in Q2Sales volumes: 24,200 tonnes, up by 92% year on yearRevenue: $163 million, up by 90% year on yearLithium and derivatives in H1Sales volumes: 48,100 tonnes, up by 127...Read More

South American flat-rolled steel import prices edged lower in the week to Friday August 20 amid aggressive bidding from customers for material from origins other than China and much more competitive alternatives emerging from the Commonwealth of Independent States.Chinese offers to the continent remained scarce due to uncertainties involving a potential export tax expected to be introduced in the...Read More

Coated steel coil prices decreased in Turkey during the week to Friday August 20 because of low levels of demand, sources have told Fastmarkets.Buyers wanted to see which direction global prices would move before placing orders, they said.Many export market participants were on holiday, so demand for exports was low during the week.Domestic pricesFastmarkets' weekly price assessment for steel hot-...Read More

Sentiment in the European hot-rolled coil market turned negative this week due to the downtrend in the global market, falling feedstock prices and competitive import offers, sources told Fastmarkets on Friday August 20.The post-summer outlook for buyers was largely downbeat, sources said, with HRC prices around the world following this week's sharp decline in iron ore prices."Sentiment [in th...Read More

Steel wire rod prices in Poland were unchanged in the week to August 20 amid slow trading, while local producers were heard mulling a post-holiday price increase, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 4,200-4,250 zloty ($1,071-1,084) per tonne on August 20, unchanged from seven days ago.Trading in the loca...Read More

The steel rebar market in Poland remained quiet in the week to Friday amid the usual summer slowdown but the outlook for September among market participants is quite upbeat amid good end-user demand and robust order books at mills.Steel reinforcing bar (rebar), domestic, exw Poland was 4,050-4,100 zloty ($1,033-1,046) per tonne on Friday August 20, narrowing from 4,000-4,150 zloty per tonne in the...Read More

Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More

Brazil's pig iron export market was calm but prices weakened during the week to Friday August 20 due to low demand.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $510-520 per tonne on Friday, down from $540-545 per tonne a week earlier."[The] market is very slow now because demand is almost non-existent, buyers are very cautious...Read More

Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More

Recent drill results from two targets at Aurania Resources' Lost Cities-Cutucu project are reviewed in a Noble Capital Markets report. In an Aug. 20 research note, Noble Capital Markets analyst Mark Reichman reported new drill results from Aurania Resources Ltd.'s (ARU:TSX.V; AUIAF:OTCQB) Tsenken N1 and Tiria-Shimpia targets at its Lost Cities-Cutucu project."The current drilling program appears...Read More

The light iron scrap market in the United Kingdom was stable over the week to Friday August 20 while scrap processors held their offer prices to ensure a steady flow of material into their yards, sources told Fastmarkets.UK export prices were also relatively stable despite quieter trade due to the seasonal slowdown, cementing support for domestic British prices. The export market accounts for more...Read More

Pretium Resources "accomplished another profitable quarter," ending with $400.8M in-hand. Pretium's Brucejack MinePretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release its Q2/21 financial and operational results, highlighting that it is on track to meet full-year guidance and now its cash exceeds its debt."We accomplished another profitable quarter with $152.3 million ($152.3M) i...Read More

A Stifel report noted MAG Silver "demands a higher premium given its 'royalty-like' structure and strong, near-term-free cash flow." In a July 28 research note, Stifel analyst Stephen Soock reported that the new mill being built at MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) Juanicipio joint venture project with Fresnillo should be ready for the planned Q4/21 commissioning.Also, Soock highlig...Read More

Sitka Gold reported that during its 2021 drilling campaign, it intercepted 318m of 0.45 g/t gold in the Saddle Zone along with 354m of 0.41 g/t gold in the Eiger Zone at its RC Gold Project in the Yukon. In a news release, Canadian mineral explorer Sitka Gold Corp. (SIG:CSE; SITKF:OTCQB; 1RF:FSE) announced "significant assay results from the first three drill holes completed this season at its...Read More

A large drop in Chinese import steel billet bid prices has caused sellers to slash offer prices in an attempt to sell material to alternative markets, sources told Fastmarkets on Friday August 20.Chinese ferrous futures were in free-fall from Monday August 16 to Thursday August 19 amid pessimistic outlook for near-term economic growth and steel demand in China. Although contracts recovered slightl...Read More

Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More

Technical analyst Clive Maund charts silver and explains why he believes the metal is in the “perfect” buy spot. Silver is now regarded as the best value hard asset around, and it really doesn’t matter in the long-term whether J. P. Morgan and the other banks try to suppress the price or not. Like gold, it has intrinsic value and, in the situation of high inflation that we are mo...Read More

Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More

Toyota is to suspend automotive production for between two days and just over a month at 27 of its 28 production lines in Japan in August and September.The suspensions were due to "parts shortages resulting from the spread of Covid-19 in southeast Asia," the company said on Thursday August 19.The main Toyota Motor Corp production facilities affected include Motomachi, Takaoka, Tsusumi, Tahara...Read More