Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday December 18.China Domestic prices held steady, with suppliers quoting their offer prices firm due to limited supply and continuing rising prices of semi-coke and coal, although weakness emerged in the futures market.The most-traded January ferro-silicon contract price on the Zhengzhou Commodity Excha...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 18.China Seaborne prices for both low-and high-grade manganese ore were further strengthened by rises in the portside ore and futures alloy markets.Portside prices of both grades of manganese ore increased after the rally in the alloy futures market encouraged ore traders to raise...Read More
Spot market copper concentrate treatment and refining charges were largely unchanged while the market began to conclude annual benchmark-related supply contracts, Fastmarkets heard in the week to December 18.United States mining company Freeport-McMoRan agreed 2021 copper concentrate TC/RCs with its Chinese smelter counterparts at $59.50 per tonne / 5.95 cents per lb, their lowest since 2011.Short...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
Green loans, Nordic high-yield bonds and even crowdfunding are all gaining traction as sources of alternative financing for miners, a report from European law firm Fieldfisher, ‘AlternativeRead More
A bankable feasibility study has calculated capex of about A$8 million for an openpit project producing natural phosphate fertiliser products and generating annual earnings of $14 million (on anRead More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 18, during which the European aluminium pressure diecasting ingot, DIN226/A380 price climbed to its highest level since August 2015.Key drivers: European sellers continued to report strong export demand from Asia and raw materials shortages across the continent as the key tailwind for higher offers of 226 ingots, with scrap un...Read More
Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.Turkish import scrap prices hit an eight-year high after new bookings confirmed Recent US export scrap sales shrouded in secrecy Vietnamese scrap prices buoyed by strong Japan market Taiwanese import market hits historical high India prices jump on difficult mar...Read More
Adam HamiltonArchivesDec 18, 2020 The gold miners' stocks are rallying on balance again, following their recent multi-month correction. For several weeks now they've been carving both higher lows and highs, which sure appears to be forming a nascent uptrend. That increases the odds a new bull-market upleg is getting underway in this high-flying sector. While still dependent on gold's fortunes, ple...Read More
Turkish deep-sea scrap import prices continued to increase on Friday December 18, with two fresh shipments coming to light from the previous day, sources told Fastmarkets.Late on Thursday December 17, a steel producer in the northern Turkey booked a Baltic Sea cargo, comprising 13,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 14,000 tonnes of shredded at $460 per tonne, 3,000 tonnes of bonus al...Read More
Base metals prices on the London Metal Exchange were higher across the board on the morning of Friday December 18, with copper trading above $8,000 per tonne earlier for the first time since 2013. Infrastructure spending pledges, hopes for more stimulus, falling or low stocks and low Capex levels across the industry for several years all make for a bullish long-term backdrop for the...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
The Chinese domestic battery-grade lithium carbonate price continued its bullish run in the week to Thursday December 17 after most producers insisted on higher sale prices and buyers reported difficulty acquiring material below the new range.China's battery-grade lithium carbonate price rose again on continued material shortage and higher offers from producers. China's industrial-grade lithium ca...Read More
Hot-rolled coil prices in the United States have climbed above $49.50 per hundredweight ($990 per short ton), while buyers have voiced concerns that the rapid run-up in prices may mean a potential inventory devaluation in the future. Fastmarkets' daily steel hot-rolled coil index, fob mill US rose to $49.56 per cwt ($991.20 per ton) on Friday December 18, up by 0.69% from $49.22 per cwt on Thursda...Read More
New rounds of price increases during the week ended Friday December 18 fueled the uptrend in South America's flat steel import market that has been seen throughout the fourth quarter, market participants told Fastmarkets.Chinese mills were no longer offering cargoes to the region for February shipment, and some had even denied orders for March and were awaiting the new year to offer cargo for Apri...Read More
Coated coil prices hit at least $1,000 per tonne ex-works in the Turkish domestic and export markets in the week to Friday December 18 while supply remained limited, sources told Fastmarkets.Some coated coil producers sold a limited quantity of product during the week before closing their orderbooks.The reason for the limited supply is low stock of hot-rolled coil, the base product for coated coil...Read More
Granada Gold Mine Inc. (TSXV GGM) continues to develop the Granada Gold Property, located near Rouyn-Noranda, Quebec, the premier exploration and development project, on the prolific Cadillac Trend, in Quebec's Abitibi region. We learned from Frank J. Basa, President, CEO, and Chairman of Granada Gold Mine that in 2020 they have been re-drilling the Granada Gold Property, to develop it as a high-g...Read More
When deep space exploration ramps up, it will be corporations that name everything. The IBM Stellar Sphere. The Philip Morris Galaxy. Planet Starbucks.- Jack from Fight ClubMoneymaking insights can be found in the strangest places.And while I doubt a "Phillips Morris Galaxy" will ever come to fruition, maybe there could be a Planet SpaceX one day.Folks will say we used to call it Mars... I can jus...Read More
Crude steel output in Germany increased by 14.8% year on year in November, marking the second consecutive month of growth, German steel federation WV Stahl said on Friday December 18. In November, German crude steel production totaled 3.38 million tonnes, up from 2.94 million tonnes in the corresponding period of 2019. But this growth was against a weak comparison basis last year, WV Stahl said. O...Read More