The European ferro-titanium price has jumped to a peak last seen in January 2013, with strong demand from consumers for prompt deliveries and into February combining with a shortage of scrap to push the markets higher. Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $7.00-7.50 per kg on Wednesday December 16, an increase of more than 11% from $6.25-6.75 pe...Read More
Forecasts for growth in electric vehicle (EV) use set the scene for increased cobalt demand, but they have become the backdrop for increased volatility in prices.The mismatched timing of increased supply for, and demand from, the growing EV sector has seen cobalt prices swing to highs of nearly...Read More
Share this article TORONTO - Victoria Gold will be added to the VanEck Vectors Junior Gold Miners ETF after the close of markets on December 18, 2020.Mr. John McConnell, President and CEO commented, "Inclusion in the GDXJ is a noteworthy milestone for Victoria as it is an indication of the Company's ongoing growth. Graduating to the Toronto Stock Exchange earlier this year along with becoming a c...Read More
Cobalt metal prices nudged higher during the first half of the week amid a slight improvement in spot inquiries but limited visibility on metal demand for 2021 is keeping the lid on more substantial gains, sources told Fastmarkets on December 16.Fastmarkets' price assessments for cobalt standard grade, in-whs Rotterdam and cobalt alloy grade, in-whs Rotterdam remained trading at parity and moved t...Read More
Share this article MONTREAL - Dundee Sustainable Technologies Inc., (CSE: DST) announced that it has entered into a Technology Transfer Licensing Agreement with Newmont Corporation (NYSE: NEM, TSX: NGT) for the utilization of DST's cyanide-free gold extraction, known as the CLEVR Process?,,?."We are very pleased to announce this agreement with Newmont which is the culmination of much work and dia...Read More
The spot cobalt sulfate price in the domestic Chinese market continued on its uptrend midweek after suppliers either held offers firm or held out for sales in expectation of extensive restocking in January, sources told Fastmarkets on December 17.Fastmarkets' cobalt sulfate 20.5% Co basis, exw China rose to 54,000-55,000 yuan ($8,269-8,422) per tonne on Wednesday December 16, up 0.5% from 54,000-5...Read More
Last week I told you about a very exciting stock.It's a play in the burgeoning psychedelics medicine market, and last week members of my Green Chip Stocks community were already up 632% on it.At the time, I told you the stock still had another 212% expected upside in the next six months.I was wrong.Here's how the stock performed after I told you about it...The Best Free Investment You'll Ever Make...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 17 that are worth another look.Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.The Shanghai...Read More
Hot-rolled coil prices in the United States continued to climb toward $50 per hundredweight ($1,000 per short ton), with little spot availability and relatively long lead times maintaining record-high prices, according to market participants. Fastmarkets' daily steel hot-rolled coil price, fob mill US was calculated at $49.22 per cwt ($984.40 per ton) on Thursday December 17, up by 0.68% from $48....Read More
Domestic transaction prices for hot-rolled coil increased slightly in Northern Europe day on day Thursday December 17 due to a shortage of material in the market that allowed steelmakers to push offers up further. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?647.92 ($788.95) per tonne on Thursday December 17, up by ?,?1.92 per tonne day on...Read More
Steel billet and rebar prices in Egypt increased during the week ending Thursday December 17 because of restocking after recent price increases, although demand for billet imports was not strong, market sources told Fastmarkets.Buyers did not accept any offered price for imported billet since locally produced billet was enough to meet rebar producers' demand.Demand for rebar and billet has been sl...Read More
Steel reinforcing bar prices in the United States have continued to rise following recent mill price increases, Fastmarkets has learned. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $34.50 per hundredweight ($690 per short ton) on Wednesday December 16, up by 1.47% from $34 per cwt the previous week.US marketFastmarkets' current assessment indicates that al...Read More
Turkish domestic long steel prices continued to climb up over the past seven days to Thursday December 17 on the back of improving scrap costs. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was $5,550-5,650 lira ($711-724) per tonne on Thursday, up from the last week's 5,200-5,250 lira per tonne, including 18% VAT. ...Read More
Turkish steel mills continued to accept higher prices for deep-sea scrap cargoes on Thursday December 17 due to limited supply of the material, with prices rising by more than $7.50 per tonne day on day.A steel mill in the Marmara region booked a Baltic Sea cargo, which originated from St Petersburg, priced at $444 per tonne for an 80:20 mix of No1 and No2 heavy melting scrap and at $454 per tonne...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The bullish price run in the iron ore market continued for a sixth week in a row with the 62% Fe benchmark soaring to a near eight-year high. Looking ahead, iron ore demand in 2021 is projected to be stronger than initially expected earlier in the year. We not only anticipate continued demand growth in China, but a recovery...Read More
Seaborne iron ore prices increased on Thursday December 17, amid rising concerns over limited supplies and low steel inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.49 per tonne, up $2.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $158.89 per tonne, up $2.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $147.10 per tonne, u...Read More
There may only be a couple of weeks remaining in 2020, but we could really see some fireworks before it's all over. In fact, Rob Kirby is expecting some really big things to be going down over the next thirty days...Rob Kirby of Kirby Analytics joined Silver Doctors on Thursday, December 17, 2020, for a robust discussion on many topics including the markets and the economy.Some of the topics in to...Read More
Steel billet and rebar prices in Egypt increased during the week ending Thursday December 17 because of restocking after recent price increases, although demand for billet imports was not strong, market sources told Fastmarkets.Buyers did not accept any offered price for imported billet since locally produced billet was enough to meet rebar producers' demand.Demand for rebar and billet has been sl...Read More
The economy could contract again in 2021, as many small business losses are permanent, and rising unemployment appears to be a trend, said Danielle DiMartino Booth, CEO of Quill Intelligence.0:00 - Monetary policy9:49 - Economic growth12:00 - InflationDanielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to...Read More
What is it that will cause gold and silver to greatly outperform stocks? Join Mike Maloney, Chris Martenson and Mr. Jeff Clark as they tackle this question, along with covering the latest news. Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is th...Read More