Aluminium billet premiums remained under pressure in the week ended Friday December 20 despite low liquidity ahead of the holiday break. Market conditions aggressive in SpainUS premium holds at all-time lowBrazilian market uneventfulThailand premium steadyVery low bids in Europe not taken seriouslyThe billet premium in Germany fell on Friday to a record low since Fastmarkets began pricing it in 20...Read More
Base metals on the London Metal Exchange broadly closed down in the afternoon on Friday December 20, once more capped by a stronger US dollar index, trading up 0.29% at 97.69 this afternoon, ignoring better-than-expected economic indicators from China.China's CB Leading index, an economic leading indicator intended to forecast future economic activity, was up three percentage points month on month...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Adam HamiltonArchivesDec 20, 2019 The gold miners' stocks have suffered a lackluster few months. That's a disheartening contrast to their powerful summer upleg on gold's bull-market breakout. While this healthy gold-stock correction likely isn't over yet, the gold miners remain very undervalued relative to the metal they produce. That means they still have massive upside left in this secular gold...Read More
Evraz Vanadium has elected to partner with Mica Group, naming the Chinese trading company the exclusive sales agent for Evraz ferro-vanadium into the Chinese market.The Mica Group will serve as the sole channel for sales of both ferro-vanadium 50% and ferro-vanadium 80% grades from the Russian vanadium producer to the Chinese market, effective January 1, 2020."Instead of selling our ferro-vanadium...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More
Incitec Pivot CEO Jeanne Johns told the company's annual general meeting in Melbourne, Victoria, the "accelerating adoption of premium technology by the mining industry is driving strong demand for our electronic detonators and unique emulsion delivery systems".Core business unit Dyno Nobel, which produces about 54 million pounds of packaged explosives and more than 1.2 million tonnes of ammonium...Read More
Do not think of 2020. Just focus on end January. January is significant for three reasons for financial markets (a) Trump and his impeachment proceedings (b) Chinese New year is around 25th January. Chinese retail demand numbers and Chinese demand for gold and silver will be the key. (c) Brexit and increase or decrease in global mass unrest in India, Hongkong etc. At this point all these factors...Read More
Fastmarkets' copper concentrates treatment and refining charges (TC/RC) index rose for the second straight week on Friday December 20, with the spot market firming slightly after cargoes from Dongying Fangyuan and some other smelters were diverted, leading to higher availability.The spot copper concentrates TC/RC index, cif Asia Pacific, was at $51.80 per tonne/5.18 cents per lb on December 20, up...Read More
"We have 28 full-time employees and are aiming to grow to 60 by this time next year to keep pace with our growth in mining and metals, space exploration, and other industries," First ModeRead More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 20. China Seaborne prices of both grades of manganese ore in China rose despite limited market activity, underpinned by improved sentiment stemming from rising portside ore prices in recent weeks. The Chinese domestic portside ore prices of both grades continued higher. Many ore traders rai...Read More
An overview of the minor metals markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Global scrap prices trended upward in the week to Friday December 20 on higher offer prices and limited supplies.Turkish import prices steady on limited trades United States export prices up on recent Turkish sales Vietnam, Taiwan import prices rise on higher offers Indian import prices up on tight supplies Turkey Turkish imported ferrous scrap prices were largely stable this week,...Read More
Ontario's government is connecting remote communities and creating opportunities for economic development by investing in the 2019-20 winter roads program.Today, Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced over $5.8 million in funding for 31 First Nations and the Town of Moosonee to build and maintain 3,160 kilometres of temporary...Read More
The inter-merchant spot price for light iron scrap in the United Kingdom was steady in the week ended Friday December 20, consolidating gains of ?15 per tonne made over the month.A solid increase in European steel scrap export prices has been support to the British market.The UK market, both on an inter-merchants level and to steel mills, has been strengthening over the fourth quarter - exporters...Read More
The price of ferrous scrap imported into India increased this week as traders hold on to their material in the hope of achieving higher sales in January, sources told Fastmarkets on Friday December 20.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $296.05 per tonne on Friday, up from $290.75 per tonne a week earlier.Deals were heard for shredded at $290 and $300 per tonne f...Read More
Police departments around the country are warning car owners about a resurgence in a particularly annoying and costly crime for victims: catalytic converter thefts.In the past four weeks alone, police officials in at least 11 states from Delaware to California have cautioned car owners about an increase in reports of stolen catalytic converters and offered measures to help prevent thefts. And this...Read More
An overview of the battery raw materials markets and their latest price moves.Read More