Nemaska Lithium CEO Guy Bourassa. Credit: Nemaska Lithium. Nemaska Lithium CEO Guy Bourassa has stepped down. He would leave the management team and vacate his seat on the board with immediate effect, the Quebec-based lithium developer announced Friday."Given the restructuring the corporation is undergoing and the current market conditions, we mutually agreed that it was in the best interest of t...Read More
Seven straight sessions of gains lifted the gold price to a fresh 7-year high on Friday after renewed fears about the coronavirus sent investors scurrying for safe haven assets, equity markets fell and long-term US interest rates fell to a record low. The gold price touched a new intra-day high of $1,652.10 on the Comex market in New York, up 2% or $32 an ounce from yesterday's settlement and the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday February 21, closing at its lowest level since June 2019 against thin turnover, while lead futures failed to hold onto gains made earlier in the day.Nickel's outright price on the LME closed at $12,530 per tonne in the afternoon, ending a weekly price decline that saw it sink from a high of $13,21...Read More
The price of stainless steel in the European domestic market was unchanged in the week to Friday February 21, but decreases are expected for March due to weaker nickel values, sources told Fastmarkets.Finland-based stainless steel producer Outokumpu announced on Friday that its monthly alloy surcharge for grade-304 flat products in March will decrease by ?,?79 per tonne from February, to...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Robert WutscherThe Unseasoned EconomistPosted Feb 22, 2020On the power imbalance between Capital and Labour, how money is created and when does additional money lead to inflation and when not?In the first article to this series, we described how unwanted money created by the banking system tends to gets stuck on the balance sheets of firms, where they begin to impede the circular flow of the econo...Read More
Logistics disruptions across China have paralysed many of the country's supply chains since the outbreak of a novel coronavirus infection forced authorities to clamp down on movements of material and people within the country.What has become increasingly evident is that different areas have seen their abilities to operate and to move cargoes affected to varying degrees, and that some mining, metal...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 21.China The Chinese ferro-silicon spot price remained as high as in the previous week with major alloy producers holding their offer prices at 6,800 yuan ($966) per tonne. Cross-provincial transport has slightly improved in the past week. Market participants expected a downtrend in the spo...Read More
Speaking during the company's December-quarter earnings call Thursday, Goncalves said 2020 would be a transformational year for the 173-year-old company.Goncalves is excited about the AK Steel acquisition, since it will add fully integrated capacity to the company's production portfolio. That company mainly serves the automotive market, providing materials required for electric vehicle produc...Read More
The work is across 11 projects in Australia and Africa.The largest is a A$200 million underground contract for Panoramic Resources' Savannah nickel mine in Western Australia. The three-year contract, which was previously flagged, will begin next month.The remainder of the work was won by Perenti's surface mining group.It includes a three-year contract with Idemitsu Australia at the Boggabri c...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 21.China The seaborne price of low-grade manganese ore was static, with buyers resisting attempts by some producers to raise offer prices, amid high inventories and weak demand. The seaborne price of high-grade manganese ore rose after some deals were concluded at higher offer levels, with l...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 21.ChinaThe price of UG2 chrome ore dropped amid bids from alloy smelters as low as $130 per tonne after China's major stainless steel mills kept their February tender prices flat month-on-month.The market had expected a rise and the rollover knocked sentiment.Spot Chinese ferro-chrome pric...Read More
Adam HamiltonArchivesFeb 21, 2020 Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders' attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn't come from gold's usual primary drivers. The st...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders' attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn't come from gold's usual primary drivers. The stealth buying behind this...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The inter-merchant spot market for light iron scrap in the UK was unchanged in the week ended Friday February 21, stable for a second week amid steady demand and regular increases in European scrap export prices, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?70-90 ($90-116) per tonne on Friday....Read More