Fastmarkets has settled its premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2021 at $172-185 per tonne over the London Metal Exchange cash price. The premium is 20.20% higher than the second-quarter benchmark of $148-149 per tonne and more than double the third-quarter of 2020 which settled at $75-79 per tonne cif MJP. The premium has risen for th...Read More

Jack ChanPosted Jun 14, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data suggests near-term consolidation. Our ratio is on SELL signa...Read More

Manganese ore prices dropped on Friday June 11 after buyers in China staged resistance to rising offer prices from miners and liquidity decreased. Fastmarkets' index for manganese ore 44% Mn, cif Tianjin was calculated at $5.12 per dry metric tonne (dmtu) on Friday, down by 3.21% from $5.29 per dmtu a week earlier.Fastmarkets' manganese ore index 37% Mn, cif Tianjin edged down by 0.21% t...Read More

The S&P 500 is up almost 15% year-to-date and closed up 0.19% to 4,247.44, having reached 4,249.74 intraday.All eyes this week will be on some direction from the US Federal Reserve's Federal Open Market Committee meeting.Market futures were mixed today, with holidays in China and for the Australian stock exchange.The gold price has plunged to US$1,866 an ounce on the spot market, having nudged...Read More

Zinc concentrate treatment charges (TCs) edged higher in mid-June, with more material from mines in China and elsewhere boosting supplies, while the power cut problems that affected smelters in Yunnan province are seemingly resolved.Terms rise with smelters well-coveredTenders hit solid market prices Mining output rise boosts supplyFastmarkets' zinc spot concentrate TC, cif China rose to $70-85 pe...Read More

First-quarter tin concentrate production hit 183 tonnes, containing 114t of tin metal, for the period March 1 to May 31, compared to a forecasted 180t.Read More

With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More

The price of ferro-titanium scrap in the United States has fallen for the first time since August 2020 following a push-back by ferro-titanium manufacturers who are facing weaker US prices for their products, some market sources said.Just over a month ago, scrap prices were reportedly rising by 5-10% week on week amid an extreme shortage related to a decline in aircraft building during the Covid-1...Read More

Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions. Broader markets generally upbeat with some, including the S&P 500 Index, near record highs. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sure that central...Read More

Canada-based Nouveau Monde plans to recycle its active anode graphite flake while developing its sustainable graphite project, company founder Eric Desaulniers has told Fastmarkets.Nouveau Monde has set up a partnership with lithium-ion battery recycling company Lithion Recycling, also based in Canada, to reclaim the graphite that would normally be unusable when battery anode materials are recycle...Read More

Last week, we suggested that Energy was winning the performance race, but gold was catching up. However, in an absolute sense, this week we conclude that thanks to the Fed's relentless money printing, just about every asset wins as the US dollar gets debased.Is a trip to Las Vegas a better investment than bitcoin? (Image: David Lusvardi)Also, a distinguished business professor makes the case that...Read More

Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR?  US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More

Activity in the European hot-rolled coil market has slowed significantly, with buyers holding back from making new deals and only a few producers making offers, sources told Fastmarkets on Monday June 14.Buyers have only been buying limited volumes if they have specific restocking needs or if they can secure back-to-back deals, they added.European distributors prefer to wait for the price trend to...Read More

Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR?  US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More

The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises. Most local producers were still holding back their offers for July, although sources told Fastmarkets they expect a rollover of the latest prices. Tula Steel was heard offering rebar to...Read More

There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More

After her blockbuster interview with our Daniela Cambone, Lynette Zang is back to talk about the coming restrictions and the Federal Reserve's plan to unleash a digital currency. 'With programmable money, they will be able to do anything with a push of a button," Zang says. Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on som...Read More

Watch this video to gain expert insight into exactly what the Pro Trader with decades of experince Gareth Soloway, sees for the future of #Bitcoin, #stocks and more. ALSO he will show you how to position yourself for the next big more, NOW!Gareth Soloway is a professional trader and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.Read More