You've already seen it yourself first-hand: The price of food is rising.According to the U.S. Bureau of Labor and Statistics, food prices in America increased by an average of 3.6% in July 2021 compared to the previous year.BLS data shows food at home (grocery store or supermarket food purchases) increased 2.6% last month. Meanwhile food away from home (restaurant purchases) rose 4.6%.Up in Canada...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 31 that are worth another lookWith Italian steelmaker AFV Beltrame Group's recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In...Read More

Aluminium premiums increased on Tuesday August 31 across the globe, with tight supply, an opened arbitrage window in China, and overall bullish sentiment providing market tailwinds and supporting all-time highs.Premiums up in Rotterdam on insufficient supplyUS Midwest premium stable at record highPremiums rise in Shanghai amid wide arbitrage profitsImproved market sentiment drives MJP premiums upw...Read More

Aluminium's three-month price had the strongest growth in the complex this month, trading at $2,726.50 per tonne on Tuesday August 31, while most other prices on the London Metal Exchange were lower than on August 2. Aluminium closed at $2,718 per tonne on Tuesday, a rise of 2.6% from last Friday's price of $2,649.50 per tonne and up from $2,615 per tonne at the start of August. Bullish funda...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 31, 2021 Why is Jay Powell so adamant that inflation is temporary? If the Fed acknowledges that higher inflation is ingrained, it must raise rates and kill its QE welfare programs for stock, bond, and real estate investors. That’s the last thing the Fed wants to do. Jay won&rsquo...Read More

Manganese markets were quiet in the week ended Friday August 27, with buyers expecting miners to reduce their offer prices for October shipments to match the port markets."[Miners] must at least offer at a level equal to the port markets to attract buying interest, otherwise smelters will just buy from the spot market," a manganese ore buyer said. "And traders would further lower their purchase am...Read More

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday August 31 and their latest price moves.China Spot domestic ferro-chrome prices tumbled after Tsingshan lowered its September tender price by 800 yuan ($123) per tonne. Production in Inner Mongolia has recovered to June levels but supply uncertainty remains due to an unstable electricity supply and new...Read More

In May, the company made a 35c per share proposal, which was conditional on an independent valuation of Noront.Read More

European prices for ferro-silicon were likely to set more record highs in the near term, with the market already at levels not seen since Fastmarkets started to assess the market in the late 1990s.A combination of firm fundamentals, an acute container shortage, record high freight rates, and production and transportation issues were all set to boost the metals markets at least through December and...Read More

FMG has previously stopped short of setting scope 3 emissions targets, arguing that it can't control the actions of its customers.Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 31 that are worth another lookWith Italian steelmaker AFV Beltrame Group's recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In...Read More

Mexican steel scrap prices continued to decrease in the week ended on Friday August 27, as most steelmakers applied price cuts because of competition from imported material.Scrap consumers have been pushing through a series of weekly price cuts due to pressure from lower international prices.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey&n...Read More

With Italian steelmaker AFV Beltrame Group's recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In discussion with Fastmarkets' Carrie Bone, he outlined the changes and challenges anticipated for decarbonizing the steel industry."Why green? Because when we started on...Read More

Turkish steel producers made no new scrap bookings on Tuesday August 31, however a deal from the previous Friday came to light, which lowered prices, market participants said.The Baltic-sea cargo was heard late on Friday August 27, past the closing of the daily indices, and was followed by a public holiday in both Turkey and the United Kingdom on Monday August 30. The cargo was booked by a steel m...Read More

Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday August 31, while those on the Shanghai Futures Exchange were more mixed.This comes despite the release of some weaker-than-expected Chinese manufacturing numbers. The US dollar index was, however, weaker. China's manufacturing purchasing managers index (PMI) fell to 50.1 in August from 50.4 in July. China'...Read More

A summary of Chinese lithium producer Ganfeng Lithium's financial results for the six months ending June 30, 2021, released by the company on Tuesday August 31.In briefGanfeng Lithium's revenue for the first half of 2021 totalled 4.06 billion yuan ($627.45 million), up by 70.27% year...Read More

We spoke with Spencer Cole, Chief Investment Officer of Vox Royalty Corp. (TSXV: VOX, OTC: VOXCF). On July 27th Vox announced that it now expects 2021 royalty revenues to double to C$4,000,000 - C$5,000,000 on the back of extremely strong operating performance. The increase in 2021 revenue guidance is mainly attributable to: (1) higher royalty-linked production volumes at the Koolyanobbing iron or...Read More

We spoke with Eira Thomas, who is President and CEO of Lucara Diamond (TSX: LUC, XSTO: LUC, BSE: LUC). Lucara is a leading independent producer, of large, exceptional quality, Type IIa diamonds, from its 100% owned Karowe Mine, in Botswana, and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform, positioned to modernize the existing diamond supply chain and ensure dia...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 31 that are worth another lookWith Italian steelmaker AFV Beltrame Group's recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In...Read More

"Houston, we have a problem."In the late 1960s when NASA was planning on going to the moon, the organization made an exact replica of the space capsule and moon lander.This replica came in handy during the Apollo 13 mission. You may remember the "round peg in a square hole" scene in the Apollo 13 movie. The people on the model capsule in Houston solved the CO2 and drinking water problems and then...Read More