Federal Reserve Chairman Jerome Powell testified before Congress this week, attempting once more to defend the indefensible.But the numbers don't lie, and they're saying a lot right now.In the 12 months through June, producer prices rose 7.3% - the biggest jump since annual numbers were first crunched back in November 2010.In that same time, consumer prices rose 5.4%, topping May's 5% increase and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
Base metals prices on the London Metal Exchange were broadly stable on Wednesday July 21, with minimal reaction to China's announcement to sell more state reserve metal during the day. The three-month zinc price closed 1.1% lower than the previous day at $2,929 per tonne, while the three-month aluminium price was down 0.5% to close at $2,453.5 per tonne from a day ago,...Read More
European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More
Fastmarkets' Asia ferro-silicon prices were published early today due to an editor error.These prices were published at 10.35 GMT instead of 14.00-15.00 GMT. The pricing session took place as normal and the data appears as intended.The affected prices are:Ferro-silicon 75% Si min, cif Japan, $/tonneFerro-silicon 75% Si min, in-whs China, yuan/tonneFerro-silicon 75% Si min export, fob China, $/tonn...Read More
Jul 21, 2021 Guest(s): David Barse Founder & CEO, XOUT Capital A wave of technological innovations in the automotive, entertainment, and consumer finance sectors have for now, dethroned Tesla, Netflix, and Mastercard in their respective spaces, said David Barse, CEO of XOUT Capital, adding that the fears around COVID's Delta Variant were a "false alarm."The XOUT ETF excludes "loser" stocks from...Read More
European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More
Japan's Nikkei was up in morning trade, a day before the country opens the Olympic Games, which were delayed from last year due to the pandemic.The S&P 500 gained 0.8% and London's FTSE 100 closed up 1.5%.Commodities were mixed on the London Metal Exchange.China's NDRC reportedly asked local governments to step up commodity price monitoring and management of expectations, Marex's Alastair Munr...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More
The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.Turkish steel mils have not booked any new scrap material since July 13.The country is currently off work for the week-long religious holiday of...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More
German industrial giant Siemens plans to build "one of Europe's largest energy storage facilities" at Wunsiedel in eastern Germany, it announced on Monday July 19.The Siemens facility will have power capacity of 100MW and energy storage capacity for 200MWh, and will store electricity generated locally from surplus renewable energy. It will also cover demand peaks on the power grid. The electricit...Read More
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide index, via an open consultation process between June 16 and July 13. This consultation was done as part of our published annual methodology review process.No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.This consultation sou...Read More
Share this article TORONTO - Nighthawk Gold Corp. [NHK-TSXV, OTC-MIMZF] on Wednesday released more assays results form the main Colomac and Goldcrest deposits which are located within its Indin Lake gold property in Canada's Northwest Territories.The latest results are from a 2021, phase 1 program which is expected to consist of 41,420 metres with an approximate split of 45% on resource expansion...Read More
Share this article VANCOUVER - Gatling Exploration (TSXV:GTR)(OTCQB:GATGF) announced that it has entered into an Exploration Agreement with Matachewan and Wahgoshig First Nations relating to the Company's Larder project on January 1, 2019, as amended by Amending Agreement dated January 11, 2021.The Agreement sets out the framework by which the Company and the First Nations Groups will work togeth...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
We spoke with Vincent Ledoux Pedailles, who is VP of Business Development for Vulcan Energy Zero Carbon Lithium. Vulcan Energy Resources (ASX: VUL) aims to decarbonize the transition to EVs, via world-first, Zero Carbon Lithium business, with Direct Lithium Extraction (DLE) tech & geothermal energy. Vulcan Energy is extracting geothermal brine, from the Upper Rhine Valley in Germany, producing ren...Read More