Aluminium stock levels on the London Metal Exchange have been steadily declining in 2021 to date and on-warrant stock levels now sit at their lowest since March 2020. After a number of cancellations and deliveries out this week, only 941,875 tonnes of aluminium are listed as on warrant - with the rest canceled and booked for delivery out. By comparison, on-warrant stocks were at well over 1.3 mill...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
The diamond producer will raise $22 million from a bought deal and $16 million via a private placement, both at C75c, an 10% discount to the company's closing share price on Thursday.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Cristina Belda...Read More
Spot copper concentrate processing charges have surged to a four month-high for the week ending Friday June 25. Fastmarkets' copper concentrate treatment charge and refining charge (TC/RC) index is now at its highest since February 12. The spot index continued to rise this week after smelters...Read More
Adam HamiltonArchives Jun 25, 2021 Gold was just hammered lower after the latest FOMC decision. Heavy gold-futures selling erupted after a third of top Fed officials implied they saw a couple potential rate hikes way out into year-end 2023. While leveraged gold-futures speculators panicked, gold investors ignored these faint tidings of slight tightening way off in the distant future. Their resolve...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday June 25. United States Trading activity increased for the manganese alloy markets. Strength in the overseas markets and low stock levels in the US continue to support price strength. Market participants expect prices to continue to trend upward given the current supply situation and the cost...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Cristina Belda...Read More
The Turkish steel mills remained mostly quiet in the deep-sea scrap import markets over the week ended Friday June 25, due to limited rebar export sales, while demand from Asia was supporting exporters on the US West Coast.Turkish mills ended the working week with a single cargo dealUS West Coast scrap export market strengthened with sales to BangladeshVietnamese buyers seek cargoes from US, Austr...Read More
European Metal Recycling (EMR) will commit to a net zero carbon emissions target across all three emission scopes, the company said on June 24.EMR aims to be carbon neutral by 2040 across scopes 1, 2 and 3 of relevant greenhouse gas emissions, and to provide its customers with traceability of its materials across the supply chain.EMR's goal is to reach net zero for indirect emissions created by th...Read More
Prices for shredded steel scrap imported into India and Pakistan have moved down over the past week on poor demand, sources told Fastmarkets on Friday June 25.Fastmarkets' calculation of the steel scrap shredded, index, import, cfr Nhava Sheva, India, was $524.57 per tonne on June 25, down from $531.17 per tonne on June 22 and $533.93 per tonne on June 18.Deal levels this week ranged widely, from...Read More
Jun 24, 2021 Guest(s): Saifedean Ammous Author, The Bitcoin Standard Bitcoin took a beating on Tuesday, extending losses all the way down to $29,300, a level not seen since January, before climbing back, ending the day at $32,000.The main concern that spooked Bitcoin investors was news that China is tightening its grip on crypto transactions and mining, shutting down 90% of the country's mining...Read More
While copper and tin prices are showing some hesitancy on the London Metal Exchange, most of the other base metals are looking robust this morning, Friday June 25, and all the base metals in Shanghai are upbeat too.United States President Joe Biden agrees a $1 trillion infrastructure deal......which should be good for metals because it focuses on upgrading roads, bridges and broadband networksBase...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
Starting today and at least once a month going forward on Fridays, I am going to give you a free options trade that I have extensively researched and believe will explode in value. I'm also going to show you a simple method of trading options that offers you unlimited upside potential with very limited downside risk. This strategy moves quickly, which allows you to potentially bank double- and e...Read More
Persistent tight supply continues to underpin lithium prices in Asia, as well as in Europe and the United States over the week ended Thursday June 24.Lithium carbonate and hydroxide prices in the seaborne Asian market nudged higher due to a combination of aggressive lack of availability. Lithium producers in China held offers firm, while consumers of lithium hydroxide are wary of securing units. L...Read More
Pilbara Minerals' board has approved a staged restart at the Ngungaju lithium project, set for the December quarter of 2021, the company announced on Friday June 25.Pilbara completed the acquisition of the Altura Lithium in January, thereby becoming the 100% owner of Altura's Pilgangoora lithium project, which was promptly renamed Ngungaju. The project has been on care and maintenance since late O...Read More
As the operating company of a joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River, and the Government of the Democratic Republic of Congo (DRC), Kamoa Copper S.A. is developing the Kamoa-Kakula Copper Mine. We learned from Olivier Binyingo, a member of the Kamoa Copper Board, that the Kamoa-Kakula Copper Mine is the most significant mining project, coming on stream, in the DRC....Read More
The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More