Demand for both domestic and imported scrap was weak on Tuesday June 29 with many Chinese steelmakers making production cuts for environmental reasons, sources have told Fastmarkets.Steelmakers in Tangshan, China's northern region steel hub, have been instructed to lower their production rates this week to help to improve air quality ahead of the July 1 centennial celebration of the Chinese Commun...Read More

Blaming a slight dip in the gold price doesn't quite stack upRead full newsRead More

Announce agreement in principleRead full newsRead More

We are halfway through 2021, and Canadian markets seem in great shape to soar higher. Amid the valuation concerns and uncertain recovery from the pandemic, TSX stocks have been making fresh highs for the last few months. However, some of the names have been significantly lagging the markets. Here are three top losers so far in 2021.CargojetThe air cargo stock Cargojet (TSX:CJT) was among the top p...Read More

As the first half of 2021 comes to an end, investors should be happy with the ongoing rally in the equity markets. The S&P/TSX 60 Composite Index is up 17% year to date, outpacing the S&P 500, which has returned 14.4% in 2021. Fortunately, there are still a few discount buys on the TSX for investors looking for a bargain. We’ll look at three dirt-cheap TSX stocks that are attractive...Read More

Barrick Gold (TSX:ABX)(NYSE:GOLD) is down significantly from the 2020 highs. The weak performance has investors wondering if the selloff has gone too far or if more downside is on the way.Gold price outlookThe price of gold is impacted by a number of factors, and it is difficult to know when traders will pile in to drive the price higher or hit the sell button and move cash to other opportunities....Read More

Canadian markets are up almost 17% so far this year, outperforming the S&P 500. Experts anticipated a market crash amid the thorny path of the pandemic. However, whether inflation fears or fresh variants of coronavirus, markets defied all challenges and kept climbing higher. Here are some of the top-gainer TSX stocks so far this year.EnerplusThe energy sector substantially overshadowed broader...Read More

Cryptocurrencies may not be perfect, but don't let anyone tell you they're not viable.If they weren't, central banks, governments, and Wall Street insiders wouldn't be panicking.And they are panicking.In May, the Chinese government issued a public warning about trading and mining crypto. And earlier this month, Beijing started sprawling efforts to shut down cryptomining operations just hours after...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape...Read More

Copper's three-month price has shown the biggest fall during June among base metals on the London Metal Exchange, rocked by Chinese announcements and rising inventories, while the prices of other base metals such as aluminium and tin were higher than on June 1.Copper's price was $9,374.50 per tonne on Wednesday June 30 at the close of trading, falling from $10,245 per tonne on June 1.Among the fac...Read More

Premiums for tin ingots in Europe and the United States continued their rise to new highs in the fortnight to June 29, with freight and trucking costs and delays still the main issue pressuring premiums upward, sources told Fastmarkets. Premiums in Asia were stable, with the high London Metal Exchange price diverting participants away from the spot market.  China's Yunnan Tin, the world's lar...Read More

The AuAg ESG Gold Mining UCITS ETF will be listed on the LSE under the ticker ESGO and will track the Solactive AuAg ESG Gold Mining Index, which according to the release "ranks gold miners for ESGRead More

At least seven small Australian potash hopefuls hope to be producing before BHP makes an irrevocable commitment to its giant Jansen mine in Canada and Anglo American does the same at its WoodsmithRead More

Antofagasta has agreed to supply four major Chinese smelters with copper concentrates in the first half of 2022, with a treatment charge in the mid-$50s, Fastmarkets understands.The Chilean copper miner and representatives from China Copper, Jiangxi Copper, Tongling Nonferrous and Jinchuan Group held meetings for three days since Monday, sources said, with an agreement finally reached on the eveni...Read More

News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape...Read More

An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More

Turkish steel producers continued their deep-sea scrap purchases, but at a slow pace dictated by limited long steel demand, market sources told Fastmarkets on Wednesday June 30.A steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $501 per tonne, along with shredded and bonus scrap at $521 per tonne cfr late on Tuesday June 29, the seller told Fastmarkets.But some mar...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday June 30.Key drivers Trading activity is in stasis, with market participants considering the potential impact of the recently announced export duties on ferro-alloys from Russia, which are effective from August 1 until the end of the year. A few small deals were reported for both alloy and scrap within the current price ranges. Ferro...Read More

A shipment of 4,000 tonnes of imported scrap booked by major Chinese steelmaker Hebei Iron & Steel (HBIS) cleared customs checks at Jingtang port in Tangshan, Hebei in early June, sources told Fastmarkets on Wednesday June 30. This is their second cargo of Japanese heavy scrap (HS) since China officially eased restrictions on scrap imports in January 2021. Their first cargo of 2,092 tonnes cleared...Read More