The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More

At Glencore's Investor Day in early December, CEO Ivan Glasenberg kicked off his presentation by talking about how the commodities giant is "steering a Paris Agreement alignment strategy while meeting the growing everyday needs for affordable and reliable energy infrastructure and transportation of the future."The long-time mining executive declared Glencore is determined to meet its net zero CO2...Read More

Key data from Fastmarkets' pricing session in China on Wednesday December 23. Key driversDomestic antimony ingot suppliers raised offer prices significantly in response to mounting buying interest.The lingering difficulty in sourcing ore from overseas market continues to lend solid support to domestic antimony prices because suppliers have become more cautious about selling cargoes on hand wi...Read More

The price paid both for low-carbon and high-carbon ferro-chrome have strengthened amid persistent worries about soaring international freight costs.Despite mixed fortunes in end-user demand such as aerospace and automotive, these concerns have resulted in firmer demand for material from consumers wanting to avoid a shortage of feedstock Low carbon ferro-chrome delivered in Europe was stable at the...Read More

Both spot and futures silico-manganese prices in China have risen significantly over the past month, helped by comparatively limited availability of spot cargoes at Chinese smelters' warehouses and steady demand from steel mills, market sources told Fastmarkets.Fastmarkets' weekly price assessment of silico-manganese 65% Mn min, max 17% Si, in-whs China was 6,100-6,200 yuan ($932-947) per tonne on...Read More

World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More

China will remove its 2% import tax rate on ferrous scrap and will revive its most-favored-nation (MFN) duty rate system from January 1, according to a notice released by its Ministry of Finance on Wednesday December 23.This will end the policy of restriction on solid waste imports that has been in place since July 1.Steel scrap listed under the HS codes 72042100...Read More

Domestic transaction prices for hot-rolled coil increased substantially across Europe in the week to Wednesday December 23 due to a shortage of material in the market, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?665.00 ($811.65) per tonne on Wednesday December 23, unchanged day on day.The index was, however, up by ?,?19...Read More

Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More

2020 was an interesting year for all of us but thanks to you, it has been a phenomenal one at INN. Thank you for liking, subscribing, and tuning in. See you ...Read full newsRead More

Buying and holding cannabis stocks is still a relatively new idea. These types of stocks have generated more hype as momentum names to trade in the short term. But several cannabis producers are shaping up to be long-term buys. From eventual market dominance to merger potential, let’s explore the froth for hints of quality. Plus, gold stocks are teetering on the value-growth divide, but whic...Read More

The Bitcoin rally in 2020 looks a lot like a repeat of what happened in 2017. Whether or not a Bitcoin crash is on the way in 2021 is anyone’s guess, but investors might want to search for cheap stocks to buy now instead of chasing the cryptocurrency euphoria.Should Barrick Gold stock be on your buy list instead of Bitcoin?Gold stocks fell when Bitcoin surged to record highs in 2017. The sam...Read More

The vaccine euphoria and better-than-expected October gross domestic product (GDP) numbers continue to support the Canadian equity markets. The S&P/TSX Composite Index is trading just around 2% lower from its all-time high. However, the unemployment rate remained high at 8.5% in November. Also, the rising COVID-19 cases could be a headwind for the markets going forward. So, you can add the fol...Read More

This month saw a watershed moment in the cannabis industry. The House of Representatives approved the MORE Act, a bill that would end the federal prohibition of cannabis.The bill officially passed by a vote of 228-164.It's the first significant congressional action on marijuana since the passage of the Marihuana Tax Act of 1937, which federally criminalized all aspect of cannabis production, sale,...Read More

Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More

The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants' fears of logistics paralysis and material shortages. Following four years of slow negotiations after the 2016 Brexit referendu...Read More

Copper production at Las Bambas, one of Peru's largest mines, may need to be cut from this week if a road blockade continues to prevent concentrates reaching Matarani port, parent company MMG said on Thursday December 24.Some supply contracts are already subject to force majeure, including road and rail transportation services, MMG said. Despite being in place intermittently through...Read More

Adam HamiltonArchives Dec 24, 2020 Silver soared last summer on skyrocketing demand from stock traders stampeding into silver-ETF shares. These huge positions that sure looked speculative initially have largely stayed deployed since, even riding out a silver correction. That implies these holdings are now being viewed as long-term investments. The silver investors' resoluteness is very bullish for...Read More

Copper production at Las Bambas, one of Peru's largest mines, may need to be cut from this week if a road blockade continues to prevent concentrates reaching Matarani port, parent company MMG said on Thursday December 24.Some supply contracts are already subject to force majeure, including road and rail transportation services, MMG said. Despite being in place intermittently through...Read More

Keith WeinerPosted Dec 24, 2020There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade, marketing, distribution, sales, and contract.Force is when someone picks up a gun. The gun is used to override the reason of the victim with the whims...Read More