U.S. inflation soared in June to its highest level in 13 years, according to the Labor Department's latest core consumer price index.Data released on Tuesday morning showed a 5.4% annual increase to core CPI. It was the biggest jump for the index since August 2008 and much higher than the 4.9% increase expected by analysts. On a monthly basis, meanwhile, consumer prices rose 0.9% in June.Inflation...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
A combination of concerns over the spread of the delta variant of Covid-19, a sturdy dollar index and falling US equities triggered a sell-off in London Metal Exchange prices during the afternoon's trade on Monday July 19.Nickel's three-month price showed the biggest drop of the day, down by 3.2% at the close to $18,462 per tonne, from Friday's $19,070 per tonne price at the same time."Nickel pric...Read More
Alumina prices on an fob Australia basis were at a four-month high on Monday July 19 due to an increase in liquidity, with cargoes changing hands at higher prices.Fastmarkets assessed its daily alumina index, fob Australia, at $289.36 per tonne on Monday, the highest since March 19.Demand for cargoes has increased over the past week. But the rise in prices also related to concern in the market abo...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
The latest data for the global manganese ore market for the week ended July 19, 2021.Read More
In the US, the S&P 500 closed down 1.59%.The FTSE 100 closed down 2.34% as the UK marked Freedom Day, with long-term restrictions lifting despite a recent surge in cases.Meanwhile geopolitical tensions have increased, with allies including the US, UK and Australia expressing concern about China's "malicious cyber activity".The allies have attributed the Microsoft Exchange server cyber attack i...Read More
Alumina prices on an fob Australia basis were at a four-month high on Monday July 19 due to an increase in liquidity, with cargoes changing hands at higher prices.Fastmarkets assessed its daily alumina index, fob Australia, at $289.36 per tonne on Monday, the highest since March 19.Demand for cargoes has increased over the past week. But the rise in prices also related to concern in the market abo...Read More
New power cuts in China's Inner Mongolia region boosted spot silico-manganese prices to a two-year high in the week ended Friday July 16, but sentiment in the low-grade manganese ore market went down on concerns that reduced manganese alloy production could hurt ore demand in the near term, despite the continuing civil unrest in South Africa.On July 14, Inner Mongolia's power network dispatch cent...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More
German steelmakers settled their monthly steel scrap contracts for July at higher prices due to continuous tight availability in the market, sources told Fastmarkets.Prices for new scrap grades, such as E8, have risen higher compared with other grades due to short supply from both automotive producers and flat steel service centres. Stoppages and reduced production rates in the automotive sector r...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the countryBase metalsLME three-month base metals prices were mixed this morning, with nickel up by...Read More
We spoke with Martin Holland, who is the Executive Chairman and Managing Director of Cobre Limited (ASX: CBE), a copper exploration growth Company with prospective projects in Botswana and Western Australia. Cobre Limited owns 51% of Kalahari Metals Limited (KML), a private UK Company that controls approximately 8,100 km2 of tenements, within the very prospective Kalahari Copper Belt (KCB) in Bots...Read More
We spoke with Douglas MacQuarrie, President and CEO of Asante Gold Corporation (CSE:ASE, FRANKFURT:1A9, U.S.OTC:ASGOF), a junior gold exploration and development mining company, with a high-quality portfolio of projects in Ghana, Africa's largest and safest gold producer. Asante's flagship project is the Kubi Gold Mine, located next to and south of the 66 million-ounce (pre-mining resource) AngloG...Read More
Our newest contributor, Luke Sweeney, has been hard at work studying the electric vehicle market and the science that drives it. In his research below, you'll see exactly how investors can capitalize on this explosive market.Luke's technical know-how and unrelenting scientific curiosity have helped us narrow down some of our most promising investment opportunities in the tech sector. Check back i...Read More
Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More
Australia-listed Vulcan Energy has signed a binding offtake agreement to supply South Korea's LG Energy Solution (LGES) with battery grade lithium hydroxide from it's 'zero carbon' facility in Germany, the producer said on Monday July 19.Vulcan will supply battery-grade lithium hydroxide to LGES for an initial five-year term. Commercial deliveries are set to commence in 2025 and there is an option...Read More
Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More
Activity in the EU hot-rolled coil market in the week to Friday July 16 was low due to a seasonal demand slowdown and limited availability.Buyers were holding back from acquiring material due to the summer holiday slowdown and uncertainty about the price trend. Domestic prices have remained high despite a slight correction lower while buyers, who have sufficient stocks for a couple of months, pref...Read More