Gold ETN (GLD) moved above $164.15 completing a double bottom pattern.Yamana Gold (YRI), a TSX 60 stock moved above $5.85 completing a double bottom pattern.Mexico iShares (EWW) moved above $45.47 extending an intermediate uptrend.Chile iShares (ECH) moved above $34.68 extending an intermediate uptrend. Technology SPDRs (XLK) moved above $138.95 to an all-time high extending an intermediate uptren...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More
Tesla delivered 184,800 electric vehicles (EV) in the first quarter of 2021 despite a shortage of computer chips that has crippled the global auto industry, the world's biggest EV maker said on Friday April 2.This is an increase of 23% compared to the 180,570 deliveries the company recorded in the fourth quarter of last year. The better-than-expected results were attributed to solid demand for the...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 6.Please click...Read More
Key data from the pricing sessions in Asia and the United States for the week ended Friday April 2.China Seaborne low- and high-grade manganese ore prices fell again amid ongoing bearish sentiment fueled by weak portside prices and high stocks in Chinese ports.Portside markets reported...Read More
Mining production was mostly higher in Peru during February compared with the corresponding month in 2020, with the country increasing output for copper, zinc and tin, energy and mines ministry Minem said on Tuesday April 6.The country produced 170,989 tonnes of copper in February, up by 0.68% year on year from 169,826 tonnes but down by 3.07% from 176,402 tonnes in January of this year.Miner...Read More
Fastmarkets has corrected its weekly manganese ore 37% index, cif Tianjin and 44% index, cif Tianjin rationales, which were published incorrectly on Tuesday April 6 due to reporter error.The corrected rationales can be seen below:MB-MNO-0003: Manganese ore index 37% Mn, cif Tianjin, $/dmtuThe Fastmarkets manganese ore 37% index, cif Tianjin moved down by 8 cents to $4.61 per dry metric tonne (dmtu...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More
Artisanal cobalt produced in the Democratic Republic of Congo and formalized by the Entreprise G?(C)n?(C)rale du Cobalt (EGC) can help fill a supply deficit created in the uptake of electric vehicles (EVs), according to EGC chief executive officer Jean-Dominique Takis. "We are all aware that the increase in demand for cobalt is directly linked to energy transition... We do not expect a substantial...Read More
Ferrous scrap prices rose in the two Mexican regions assessed by Fastmarkets, with supply becoming scarcer and some buyers no longer able to obtain cheap material.In the central Baj?-o region and that near Monterrey city, there were increased reports of busheling being sold above 10,000 pesos ($486) per tonne, although not all sellers were able to obtain such deals. Higher prices for other gr...Read More
Turkish deep-sea scrap import prices strengthened again on Tuesday April 6, with reports of a fresh Baltic Sea cargo, market sources told Fastmarkets.A steel mill in the Iskenderun region booked the Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (95:5) at $430 per tonne cfr on Friday April 2.The previous deep-sea deal took place on April 1, when a steel mill in the Marmara region booked a Europ...Read More
Import prices for heavy scrap into China are have continued to increase in the week to Tuesday April 6, amid strong domestic demand and regional rebounds, market sources told Fastmarkets.Buyers increased their bids to $465 per tonne cfr northern China, with offers at $500-505 per tonne cfr northern China.Key market sources estimated that the spot price for imported HRS101 scrap into northern China...Read More
Artisanal cobalt produced in the Democratic Republic of Congo and formalized by the Entreprise G?(C)n?(C)rale du Cobalt (EGC) can help fill a supply deficit created in the uptake of electric vehicles (EVs), according to EGC chief executive officer Jean-Dominique Takis. "We are all aware that the increase in demand for cobalt is directly linked to energy transition... We do not expect a substantial...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More
Domestic prices for steel hot-rolled coil increased further across Europe over the week to Thursday April 1 due to a material shortage and good demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?843.33 ($993.44) per tonne on April 1, up by ?,?21.66 per tonne week on week and by ?,?103.33 per tonne month on month.The calculation of Thursday's in...Read More
Flat-rolled steel product export prices from the Commonwealth of Independent States (CIS) jumped again during the week to Tuesday April 6 sue to an overall shortage of material in the global market, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil (HRC), export, fob Black Sea, CIS was $885-895 per tonne on Tuesday, up by 5.64% from $830-855 per tonne on March 29."De...Read More
Wire rod export prices from the Commonwealth of Independent States (CIS) region surged over the past week, supported by rising costs in the domestic and in competitor markets, Fastmarket learned.Russia-based Industrial Metallurgical Holding (IMH) increased wire rod offers to $740-750 per tonne fob Black Sea from $680-685 per tonne a week earlier amid higher costs in the domestic market."...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow edged up again on good end-user demand and tight supplies in April due to planned stoppages at key producers, sources told Fastmarkets on Tuesday April 6.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 54,000 roubles ($707) per tonne, including 20% value-added tax, on A...Read More
Rebar prices in the United Arab Emirates fell in the week to Tuesday April 6, despite improving demand, sources told Fastmarkets.The Islamic holy month of Ramadan will soon start and demand is unlikely to improve further because of reduced working hours in the country.Rebar producers in the UAE rolled over their prices in effect from March 22.The country's steel producers are officially offering r...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More