The British light iron market this week hit a high last seen in April 2013 due to strong export demand in Turkey for European exports, prompting a surge in UK demand for tightening domestic supplies, trade sources told Fastmarkets. Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?130-145 ($177-197) per tonne on Friday Janua...Read More

The prices of steel scrap imported into India and Pakistan moved up in the week to Friday January 8 despite a dull and uncertain market, sources have told Fastmarkets.IndiaFastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $479.33 per tonne on Friday, up from $458.02 per tonne on December 31.Offers this week were in the range of $480-485 per tonne, up from...Read More

Base metals prices were pausing and precious metals were mainly on a back footing this morning, Friday January 8, with sentiment generally bullish on the prospects for greater fiscal spending out of the United States when Joe Biden becomes the president in a few weeks' time. Asian-Pacific equities generally upbeat, along with pre-market western equity index futures US 10-year treasury yields conti...Read More

An overview of the new energy raw materials markets and their latest price moves in the past week.Read More

Share this article OTTAWA - The Impact Assessment Agency of Canada decided an impact assessment is required for the proposed Wasamac Gold Mine Project, located approximately 15 kilometers from downtown Rouyn-Noranda, Quebec.As part of the planning phase of the impact assessment, the Agency invites the public and Indigenous peoples to review and provide feedback on the draft Tailored Impact State...Read More

Share this article VANCOUVER - Today GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) provided a corporate update and outlined exploration plans for 2021.GoldHaven says it has achieved significant milestones in 2020. Starting with its IPO in March, followed by the acquisition of the Rio Loa and Coya Project concessions, as well as five additional concessions comprising the Apolo Pro...Read More

China's domestic battery-grade lithium carbonate market hit a 14-month high in the first trading week of the year after the price rose by 8% week on week on Thursday January 7 on soaring offer prices and heightened buying appetite.China's battery-grade lithium carbonate price hit a 14-month high due to continued tight supply and producers hiking up prices further. Chinese industrial-grade lithium...Read More

Freight Investor Services (FIS) completed the first brokered trade of the CME Group's cash-settled cobalt futures contract on Thursday January 7, the company told Fastmarkets. Five lots were traded for each month of the February-April 2021 period at $16.75 per lb, according to the United Kingdom-headquartered brokerage.The CME Group's cash-settled cobalt futures contract, which is tied to Fastmark...Read More

Most flat-rolled steel import prices declined in South America during the week ended Friday January 8, reversing a two-month uptrend after remaining unchanged during the year-end holidays.Slower domestic demand in China resulted in some lower offers from mills and some short selling from traders, according to market participants. Additionally, there were reports of many Chinese steelmakers refrain...Read More

The market doesn't care about your politics.You might hate the fact that "sleepy" Joe Biden is the president-elect.You might think Trump is a wannabe demigod unfit to govern.You might be somewhere in between.Does the market care?Not in the slightest.Decade after decade, brief drawdowns aside, stocks keep going up. Looking at the Dow's 30-year chart, I would say we have a long way to go before the...Read More

ArcelorMittal has increased its official spot offer prices for coil products across Europe by ?,?30-50 ($37-61) per tonne effective immediately, sources told Fastmarkets on Friday January 8.New offers for hot-rolled coil have increased to ?,?730 per tonne ex-works, up by ?,?30 per tonne. New offers for hot-dipped galvanized coil moved up by ?,?50 per tonne to ?,?850 per tonne ex-works. Official of...Read More

Domestic rebar prices in Poland have gone up after the new year holidays with further sharp rises expected to follow next week, prompted by shortages and increases in raw materials costs, sources told Fastmarkets on Friday January 8.Buying activity in Poland's rebar market was recovering slowly after the year-end break and was expected to fully resume next week, sources said.Some producers were ba...Read More

China's domestic rebar prices moved up on Friday January 8 due to supply concerns arising from longer transportation time caused by a cold wave and a growing outbreak of Covid-19 in Hebei province. DomesticEastern China (Shanghai): 4,490-4,520 yuan ($694-699) per tonne, up by 30 yuan per tonneNorthern China (Beijing) weekly assessment: 4,080-4,120 yuan per tonne, up by 120-130 yuan per tonneVessel...Read More

The uptrend in the pig iron export sector in the Commonwealth of Independent States (CIS) continued in the week to Friday January 8, despite a seasonally slow market, sources have told Fastmarkets.The weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $550-555 per tonne on January 8, up by $20-25 per tonne week on week from $530 per tonne on December 31....Read More

Turkish steel mills continued to refresh their scrap stocks in the week to Friday January 8, with fresh deep-sea cargoes booked at higher prices, while concerns increased over tight supply in Asia, with China entering the market.Turkish mills book more cargoes for February-March at escalating pricesUS East Coast exporters enjoy demand from Turkish producers; West Coast lacks fresh dealsVietnamese...Read More

Monthly European alloy steel surcharges have increased substantially for January on the back of further gains in the nickel market, sources told Fastmarkets on Friday January 8. Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe was calculated for January at ?,?1,578-1,604 ($1,939-1,971), up by ?,?71-88 per tonne from the December level of ?,?1,507-1...Read More

Brazilian steel slab export prices soared in the week ended Friday January 8, with buyers showing increased interest in securing orders, and sellers trying to achieve new price levels.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, rose to $750-780 per tonne fob on Friday, compared with $670-685 per tonne fob a week earlier.Brazilian slab producers have been full...Read More

A year ago, macro strategist David Hunter predicted a massive melt-up in financial assets, to be followed by an equally tremendous market crash.Well, he's certainly been right so far on the melt-up prediction.All major stock indices are trading at record highs. And valuations have never been more stretched.Market Cap to GDP (the famed "Buffet Indicator") has never been higher. Nor has the market's...Read More

After four years of a Republican-dominated government sinking the U.S. financial situation further towards bankruptcy, it's now the Democrats' turn to step firmly on the spending and debt gas pedal. As the "stimulus," and "help" and "bailouts" continue to ratchet up, the standard of living for the American people will continue to ratchet down.Dr. Ron Paul is a physician and former twelve-term cong...Read More

As part of the Outlook 2021 series, our Daniela Cambone speaks with David Morgan of the Morgan Report about issues he is most concerned about as we start the new year: "There is a soybean shortage and major shortages in the food chain and meat industry." He adds, "China is importing everything they can get their hands on and the food supply shortage in the U.S. is reaching critical levels."Known a...Read More