Favourable financing conditions were crucial to put the economic recovery on a self-sustaining trajectory, European Central Bank president Christine Lagarde told European parliament yesterday.Copper closed up more than 1.3% on the London Metal Exchange to US$8,157.75 per tonne.Gold was worth almost $1,838 an ounce on the spot market.Silver remains above $27/oz, about $3 shy of last week's eight-ye...Read More
RBC analyst Tyler Broda described the sale, which represents an approximate 60% return on investment, as a "very positive move", with the US$80.Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a leading global developer and provider of cellular communications solutions for enterprise customers, today announces the appointment of Peter Goldstein, currently a Siyata Board member, as the Chairman of its Board of Directors. In addition, Luisa Ingargiola, who has extensive experience on public company boa...Read More
This year will be a turning point for network readiness and availability of 5G after some initial delay in last year caused by the Covid-19 pandemic, sources told Fastmarkets. More 5G smartphones, wearables and other consumer electronics have reached the mainstream market while the increase in remote working that has resulted from lockdown measures continues to underscore the need for greater band...Read More
Ferrous scrap prices in Mexico largely declined in the week ended on Friday February 5, with buyers struggling to reduce their purchase prices.Mexican steel producers attempted to secure price cuts in their purchases of the steelmaking raw material, of around 200-300 pesos ($10-15) per tonne, in both regions during the week. But many higher-volume trades were heard at stable prices.Fastmarket...Read More
The Turkish deep-sea scrap import market remained quiet on the second working day of the week with no deep-sea bookings heard, market sources said on Tuesday February 9.The most recent bookings were heard on February 5 at $380 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) and $387 per tonne cfr for UK material, sending the daily scrap indices down by around $15 per tonne...Read More
With the exception of tin, base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were firmer this morning, Tuesday February 9, as were the precious metals and oil, while the US dollar continued with its recent pullback.Oil prices hits $61 per barrel, highest since January 2020, on production cutsBitcoin surges as Tesla shows support for the cryptocurrencyUnited States'...Read More
Share this articleMONTREAL - Midland Exploration Inc. (TSX-V: MD) reported that exploration work will resume on its Mythril Co-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc during the spring of 2019 totalling $5.85 million for copper explo...Read More
The 5G promise is very real.A ResearchAndMarkets report notes:Post-COVID-19, the 5G infrastructure market is estimated to grow from $12.6 billion in 2020 and projected to reach $44.9 billion by 2025, at a CAGR of 28.97%.When the story first hit the mainstream in 2017, however, the practical applications for 5G were few and far between. This left big questions for investors looking to park funds in...Read More
Hot-rolled coil prices in the United States slipped from an all-time high while market participants debated whether the rally had run its course.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $58.96 per hundredweight ($1,179.20 per short ton) on Tuesday February 9, down by 0.47% from a record $59.24 per cwt on Monday February 8. Still, the current price is up by 1.99...Read More
Domestic prices for hot-rolled coil across Europe were stable on Tuesday February 9, with buyers holding back from making new deals because they anticipate a decrease in prices, sources told Fastmarkets.Domestic prices for hot-rolled coil across Europe were stable on Tuesday February 9, buyers hold back from making new deals on anticipated price decrease, sources told Fastmarkets.Fastmarkets calcu...Read More
Buyers of flat steel in Saudi Arabia expected prices to decrease because of the current low demand, while buyers in the United Arab Emirates were waiting for next week to see the direction of price movement, sources told Fastmarkets on Tuesday February 9.China and India are the main flat steel exporters to the Gulf region. China will be on its national New Year holiday February 11-17, and no new p...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More
Fastmarkets' Ferrous Analytics report helps subscribers...Read More
The uncertainty about new domestic prices for steel rebar in the United Arab Emirates continued during the week ended Tuesday February 9, with trading subdued and no imports heard, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices next week, most probably after the Chinese New Year holiday (February 11-17).Importers of billet and rebar preferred to wait until...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More
Ferrous scrap prices in Mexico largely declined in the week ended on Friday February 5, with buyers struggling to reduce their purchase prices.Mexican steel producers attempted to secure price cuts in their purchases of the steelmaking raw material, of around 200-300 pesos ($10-15) per tonne, in both regions during the week. But many higher-volume trades were heard at stable prices.Fastmarket...Read More
The Turkish deep-sea scrap import market remained quiet on the second working day of the week with no deep-sea bookings heard, market sources said on Tuesday February 9.The most recent bookings were heard on February 5 at $380 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) and $387 per tonne cfr for UK material, sending the daily scrap indices down by around $15 per tonne...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 9 that are worth another look.Australia's Port of Port Hedland shipped 4% more iron ore in January compared with a year earlier, though shipments were lower than those made in December, data from the Pilbara Ports...Read More