A summary of China's ores and alloys exports for September 2020.In brief China's ferro-silicon export volumes increased month on month with demand from Asian countries starting to recover slightly, despite the fact that September exports had significantly decreased year on year from 2019.Stock replenishment from overseas consumers contributed to the increase...Read More
Lithium spot prices are starting to change direction upward but it will take time for a rebound across the whole lithium complex, Fastmarkets head of battery raw materials research and base metals William Adams during a panel discussion at the Lithium Supply & Markets conference on Monday October 26. "We're starting to see a move up [for spot prices] and by the end of next year will start to see a...Read More
Base metals prices on the London Metal Exchange were firmer this morning, Tuesday October 27, despite some strong headwinds from little progress on the next US Covid-19 relief package and surging infection rates across Europe and the United Sates.* Major western equity index futures rebounding after Monday’s weakness* Expect increased volatility in the run-up to the US presidential electionBa...Read More
American International Group (AIG), an S&P 100 stock moved above $32.67 resuming an intermediate uptrend.Eli Lilly (LLY), an S&P 100 stock moved below $139.00 extending an intermediate downtrend.Teck Resources (TECK), a TSX 60 stock moved below US$13.05 setting an intermediate downtrend.Dollarama (DOL), a TSX 60 stock moved below $48.00 completing a double top pattern.Dow Jones Industrial...Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Liberty Steel, part of the GFG Alliance, has restarted Adhunik Steel in India six months after it acquired the plant, the company said on Thursday October 22. The company said that it had restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel following the acquisition of the steel businesses in February 2020. The acquisition of the Indian site is a strategic investment in o...Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look....Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
Oracle (ORCL), an S&P 100 stock moved below $58.05 completing a double top pattern.Turkey iShares (TUR) moved below $19.12 extending an intermediate uptrend. Dow Jones Industrial Average moved below its 20 day moving average at28221.63 and its 50 day moving average at 28021.11.Cenovus (CVE), a TSX 60 stock moved below Cdn$4.59 extending an intermediate downtrend. Cenovus offered to acquire Hus...Read More
Liberty Steel, part of the GFG Alliance, has restarted Adhunik Steel in India six months after it acquired the plant, the company said on Thursday October 22. The company said that it had restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel following the acquisition of the steel businesses in February 2020. The acquisition of the Indian site is a strategic investment in o...Read More
Demand for rebar and billet in Egypt failed to improve in the week to Thursday, October 22, despite the authorities reducing safeguard duties on the products, sources told Fastmarkets.Steel billet and rebar prices in Egypt were unchanged as a result, they added. The duty for imported billet was cut to 13% for the cif market last week, with a $60-per-tonne minimum, compared with ...Read More
The European Commission (EC) has opened an anti-dumping (AD) probe into imports of steel wind towers originating in China, the commission said on Wednesday October 21.The investigation started after the European Wind Tower Association lodged a complaint on behalf of European producers on March 17 - the association represents more than 25% of the total European production of steel wind towers.The p...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW OCTG edges higher, seamless could followRising substrate costs helped support US ERW OCTG prices this month, especially at the upper end of the range of offers. Seamless OCTG and linepipe prices, meanwhile, held firm compared with September prices. The fundamentals remain weak, with rig counts going up...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More