An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford and...Read More
The coup is complete. They have defeated their enemy - Trump. They now occupy the Hill. They will now become the ultimate enemy of the people. Pence is now underContinue...Read More
He died from a stroke after suddenly developing a rare autoimmune illness that causes the body to destroy its own platelets, the tiny Continue...Read More
Cabral Gold reports that drilling at the Machichie target at Cui? Cui? significantly extends the mineralized zone to the east. In a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced drill results from the Machichie and Medusa targets at its Cui? Cui? project in Brazil. At Machichie, stepout hole 40-20 was drilled 175 meters east of the initial Machichie discovery hole. It return...Read More
Brazilian automotive production rose by 22.8% year-on-year in December 2020, amid stronger export figures, national carmakers' association Anfavea said on Friday January 8.Vehicle output totaled 209,296 units in the last month of 2020, up from 170,504 units a year before. Volumes, however, were 12.1% lower than 238,200 units in November.Full-year production in 2020 was 2.01 million units, a 31.6%...Read More
The merger of carmaking groups Fiat Chrysler Automobiles (FCA) and Peugeot SA (Groupe PSA), to create a new entity called Stellantis, has been approved by shareholders, the companies said on Monday January 4.The merger was expected to be completed on January 16 this year and will make Stellantis' the world's fourth-largest automotive manufacturer by volume.Groupe PSA's brands include Citroen, Peug...Read More
Peter Krauth discusses the confluence of factors that points to the gold bull market having plenty of upside ahead. In investing, as in life, perspective is everything.To some, gold at $1,525 as we started out 2020 seemed expensive. Today, it's trading at $1,940, producing a 27% gain.And yet, from several viewpoints, gold still looks cheap at current prices. Debt, easy money and geopolitical risks...Read More
Technical analyst Clive Maund discusses the dollar's fall and what it means for gold. We now have a very rare setup for gold which is in position to "go ballistic" as the dollar collapses. The dollar is being intentionally destroyed by the Fed, which is creating dollars in vast unprecedented quantities in order to buy up distressed assets on the cheap and in order to pave the way for the new "digi...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
Gold ended 2020 at $1,891, partially thanks to monetary policy easing. In 2021, the Fed may not trigger a comparable rally in gold, but it should offer gold prices some support.Welcome to 2021! I hope that it will be a wonderful year for all of you; a much healthier, calmer and normal year than 2020 was. And even more profitable of course! Indeed, at least gold bulls could be satisfied with the la...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
Aluminium primary foundry alloy (PFA) premiums in the United States and Germany climbed on Friday January 8 as demand outpaced limited supply in those countries. United StatesFastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 8.5-10 cents per lb on Friday, up by 19.4% from 7-8.5 cents per lb last month.The premium is at its hi...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
Three-month zinc and nickel both fell by more than 2% on Friday January 8, with the LME base metals ending the week with pullbacks from the highs reached in the first days of 2021 after a US Dollar Index rebound.Zinc's three-month price was down 2.6% at the 5pm close on Friday at $2,813.50 per tonne, compared with Thursday's closing price of $2,888 per tonne. Nevertheless, the...Read More
Seaborne iron ore prices pushed up on Friday January 8 on active trading, with demand for high-grade iron ore fines well supported at the Chinese ports, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.06 per tonne, up $1.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.33 per tonne, up $1.08 per tonne58% Fe fines high-grade premium, cfr Qingd...Read More
Base metals forward prices on the London Metals Exchange consolidated on the morning of Friday January 8, ending a week when some reached multi-year rises, due to a recovery in the dollar index. The three-month nickel price was down by 1.2% on Friday at 9am to $17,895 per tonne, while zinc fell by 1.4% to $2,848 per tonne from Thursday's closing prices of $18,109 per tonne and $2,888 per tonne res...Read More
An overview of the new energy raw materials markets and their latest price moves in the past week.Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey in London, Ruby...Read More
Three-month zinc and nickel both fell by more than 2% on Friday January 8, with the LME base metals ending the week with pullbacks from the highs reached in the first days of 2021 after a US Dollar Index rebound.Zinc's three-month price was down 2.6% at the 5pm close on Friday at $2,813.50 per tonne, compared with Thursday's closing price of $2,888 per tonne. Nevertheless, the...Read More
Spot trading of copper concentrates was quiet in the last week of December 2020, with fewer purchases by both smelters and traders.Fastmarkets' copper concentrate treatment and refining charges (TC/RCs) dropped slightly, with offers for copper concentrates to smelters remaining in the mid to high $40s per tonne, while smelters bid $50 per tonne for clean qualities. A combo deal of Bisha and clean...Read More