The London Metal Exchange three-month nickel price rallied 4% and four metals in the base metals complex - tin, nickel, copper and zinc - set new 2020 highs during trading on Thursday December 10 on rising expectations for the approval of a Covid-19 vaccine in the United States. The three-month nickel price was at $17,430 per tonne on Thursday at 5pm, 4.35% higher than its Wednesday evening price...Read More
Hydro will be looking to strengthen its position in low-carbon aluminium as part of its 2025 strategic direction, the producer said during its capital markets day on Thursday December 10. The producer said over the past year it has seen increased demand for its low-carbon brand products, Hydro CIRCAL and Hydro REDUXA, and greater demand is expected also in 2021. "We have generated cash, cut costs...Read More
Bob Moriarty ArchivesDec 10, 2020I got a call yesterday about something else but was told something that concerned me greatly. Along with the rest of the industry, I have believed that as the summer drill programs ended in the US and Canada that assay labs would soon catch up. Well, it is not going to happen. Like many others I was under the impression the labs had just not geared up for all the i...Read More
New York-based BlackRock, which has about US$7.Read More
The mandate is to identify and support further innovation in the sector, provide training for workers to adapt to new technologies, and establish regulatory excellence, environmental management and low-carbon approaches."We're at a crucial point in time when it comes to growing the mining sector in BC," said the newly reconfirmed Energy, Mines and Low Carbon Innovation minister Bruce Ralston durin...Read More
Vancouver, BC, Canada, December 10, 2020 - LEAF Mobile Inc. (TSX.V: LEAF), announces that the special meeting of its shareholders, originally scheduled for December 11, 2020, will be cancelled.However, LEAF still intends to proceed with its previously announced acquisition of all of the outstanding securities of ESG (the "Acquisition"). LEAF intends to obtain minority shareholder approval by wa...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More
Key data from Fastmarkets' pricing session in London on Wednesday December 9. Key drivers Higher offers from China brought replacement costs up rapidly. Traders in Europe reported difficulty finding material, especially for antimony max 100 ppm Bi, below $6,400 per tonne for prompt delivery. Offers for delivery in...Read More
Ferrous scrap prices in the United States are facing more upside in January, in a market where supply is trying to catch up with demand. The strength of the ferrous scrap market has caught nearly everyone off-guard, with earlier predictions that the market had another $30-40 per gross ton to rise following the close of the November trade proving to be well below the actual settlements.&n...Read More
The Turkish deep-sea scrap import market was quiet on Thursday December 10, although prices remained firm, sources told Fastmarkets.A steel mill booked a European cargo at $377-378 per tonne cfr on an HMS 1&2 (75:25) basis, which raised the daily scrap indices by more than $12 per tonne on Wednesday, but the market was quiet on Thursday.There was talk of a sale from the United States at $400 per t...Read More
A recent sharp increase in Bangladeshi long steel prices has provided some much-needed respite to mill margins at a time of soaring import scrap costs, sources told Fastmarkets on Thursday December 10.Prices for Bangladeshi domestic rebar had been marooned at 55,000-55,500 taka ($638-643) per tonne since September, but prices were heard 5,500-6,000-per-tonne higher at 61,000 taka per tonne on Thur...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More
Last Saturday, I celebrated my 50th birthday.I started off the day with a great CrossFit workout, treated myself to a nice lunch, and then took some psychedelic mushrooms and went on a three-hour hike in the Adirondacks. The latter was my favorite part of the day. :) I don't typically do mushrooms a lot.For me, they really are a "special occasion" kind of thing.Moreover, I don't see mushrooms as a...Read More
Prices for imported hot-rolled and cold-rolled steel coil in the United States surged on Wednesday December 9 to the highest levels in more than two years, as buyers scrambled to find supply amid speculation that further increases are coming."Import volumes are limited," a West Coast distributor said. "With tariffs and dumping suits you aren't seeing a lot of imports arrive. I think domestic produ...Read More
Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday December 9, due to low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?680-730 ($823-884) per tonne on December 9, widening upward from ?,?680-700 per tonne a week earli...Read More
Steel reinforcing bar prices in the United States have surpassed a one-and-a-half-year high, propelled by raw material-driven mill hikes. Fastmarkets assessed steel rebar, fob mill US at $34 per hundredweight ($680 per short ton) on Wednesday December 9, up by 8.8% from $31.25 per cwt the previous week and the highest level since it was assessed at $34.50 per cwt on May 15, 2019. US marketFas...Read More
ArcelorMittal Gijon resumed steel making operations this week after six days of downtime due to industrial action, a company representative told Fastmarkets.The steel production at ArcelorMittal's Gijon plant, located in Asturias, Spain, was suspended on December 3 because of a worker's strike, Fastmarkets understands.Gijon steelworks has a capacity to produce about 600,000 tonnes per year of heav...Read More
Steel billet and rebar prices have increased in Egypt in the week ending Thursday December 10, because of restocking after recent price increases, market sources have told Fastmarkets.Egyptian rebar producers have raised their prices twice in December so far, because of high production costs.Producers in the country have been offering rebar at E ?11,450-11,600 ($728-738) per tonne ex-works includi...Read More
Ferrous scrap prices in the United States are facing more upside in January, in a market where supply is trying to catch up with demand. The strength of the ferrous scrap market has caught nearly everyone off-guard, with earlier predictions that the market had another $30-40 per gross ton to rise following the close of the November trade proving to be well below the actual settlements.&n...Read More
The Turkish deep-sea scrap import market was quiet on Thursday December 10, although prices remained firm, sources told Fastmarkets.A steel mill booked a European cargo at $377-378 per tonne cfr on an HMS 1&2 (75:25) basis, which raised the daily scrap indices by more than $12 per tonne on Wednesday, but the market was quiet on Thursday.There was talk of a sale from the United States at $400 per t...Read More