Fastmarkets will host a free web seminar on Tuesday June 18 at 9.30am London time to discuss recent price moves in the cobalt market and how industry developments might affect the market going forward.Click here to register for the webinar. Date Tuesday June 18, 2019 Time 9.30am Join members of our cobalt price reporting and research team for: - An update on price assessment specifications, method...Read More
Spot demand for cobalt sulfate in China following the Labor Day holiday (May 1-4) has been weak, with consumers continuing to conduct "hand-to-mouth" procurement, Fastmarkets learned during the latest pricing session. Fastmarkets assessed the cobalt sulfate Co 20.5% min, ex-works China price at 50,000-52,000 yuan ($7,378-7,673) per tonne on Wednesday May 8, down 1% from 50,000-53,000 yuan per...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate, Co 2...Read More
India is likely to be the rising star of the Asian steel markets longer term due to the expected growth in its steel demand, delegates at the Singapore Iron Ore Forum - the anchor event of Iron Ore Week - said on Thursday May 9."India's steel demand is expected to increase by 200 million tonnes in 20 years, with domestic production capacity likely to rise to match it," Wood Mackenzie bulks researc...Read More
TORONTO - Ontario's Government is working for the people by reforming the electricity system to reduce costs and drive efficiencies. Today, the government has made significant progress towards this by passing the Fixing the Hydro Mess Act, 2019."We are keeping our promise to clean up the hydro mess that we inherited from the previous government," said Greg Rickford, Minister of Energy, Northern De...Read More
Chinese hot-rolled coil prices dropped further on Thursday May 9 amid thin trading, with market participants getting spooked by rising concerns over deteriorating trade relations between China and the United States.DomesticEastern China (Shanghai): 4,050-4,060 yuan ($597-599) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,910-3,920 yuan per tonne, down 10-30 yuan per tonneAlthough pr...Read More
The Chinese steel market is likely to be caught between the poles of production cuts in Tangshan and bearish sentiment arising from a threat of higher import tariffs in the United States in May.As such, market participants are expecting steel prices to experience some short-term fluctuation, albeit in a narrow range."Spot prices in the coming weeks will depend on whether Tangshan strictly implemen...Read More
Rebar prices in Egypt's domestic market widened downward in the week to Thursday May 9 because of limited demand caused by Ramadan and uncertainty over import duties.The Islamic holy month of Ramadan started earlier this week.Egypt imposed temporary import duties on billet and rebar on April 15 at a rate of 25% for rebar and...Read More
They said it wouldn't happen until the end of the year.But now it looks like the state of Michigan will begin accepting recreational cannabis business license applications as soon as September.Why should you care?Well, if you hate money, then you shouldn't.But if you want to take part in the next wave of pot stock profits, pay close attention to what I'm about to share with you.Easy MoneyLast year...Read More
Turkey has terminated an investigation into the effects of steel product imports on the country's domestic steelmaking industry, the Official Gazette announced on Tuesday May 7.No additional duties or other measures will be imposed after the conclusion of the investigation.The probe was begun in April 2018, and considered imports from all origins of flat, long and stainless steel, along with steel...Read More
Turkish long steel export prices have fallen further on the back of sluggish demand in the country's major markets, sources said on Thursday May 9.Turkish steel producers reduced their rebar offer prices by another $5 per tonne to $470-480 per tonne fob on an actual-weight basis, while bids came in at $460 per tonne or lower, according to market participants.Fastmarkets' weekly price...Read More
Turkish steel producers remained silent in the deep-sea scrap markets on Thursday May 9 because of the low levels of finished steel demand in both their domestic and export markets, sources said.Since booking a US cargo on May 7, the mills have stopped their deep-sea scrap purchases and no significant imports have been heard.A steel mill in the Iskenderun region booked the US cargo on Tuesday, com...Read More
India is likely to be the rising star of the Asian steel markets longer term due to the expected growth in its steel demand, delegates at the Singapore Iron Ore Forum - the anchor event of Iron Ore Week - said on Thursday May 9."India's steel demand is expected to increase by 200 million tonnes in 20 years, with domestic production capacity likely to rise to match it," Wood Mackenzie bulks researc...Read More
* SoftBank to split shares two-for-one on June 27 * SoftBank to maintain dividend at 44 yen per share * Vision Fund bets worth $72.3 bln vs $60.1 bln acquisitioncost* Value of its Uber stake grew by 418 bln yen * Vision Fund 2 to be announced soon - Son(Recasts, adds executive comment)By Sam NusseyTOKYO, May 9 (Reuters) - Japan's SoftBank Group Corp announced a stock split while keeping the per-sh...Read More
Iron ore prices were generally little changed on Thursday May 9, while the low-alumina Yandi fines traded actively at stronger prices.MB 62% Fe Iron Ore Index: $95.38 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.06 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.23 per tonne cfr Qingdao, down $0.06 per tonne. MB 58% Fe...Read More
Turkish steel billet prices have remained stable over the past week although demand for both domestic and imported material was still sluggish, sources said on Thursday May 9.Steel-producing mills in the Commonwealth of Independent States (CIS) kept their offers steady at around $440-450 per tonne cfr, but their potential customers in Turkey were only interested in paying $420 per tonne or less.As...Read More
Chinese rebar prices weakened further on Thursday May 9 after United States President Donald Trump toughened his stance against China a day earlier and threatened to begin imposing higher tariffs on Chinese products as early as on Friday.Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($599-605) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, down 10-20 y...Read More
By: IRA EPSTEINI don't see them giving them more time - this is a big event..Gold is going so far nowhere. There is so much uncertainties in this market:Read More
Washington, DC (May 8, 2019) - U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration.The Gold Reserve Transparency Act (H.R. 2559) - backed by the Sound Money Defense League and government accountability advocates - directs the Comptroller of the United States to conduct a "full...Read More
Three weeks after I projected a fall to 53.60, Lyft has touched that number and gone as low as 52.78. The stock will have another chance to pick up support slightly below, at 52.27, a midpoint Hidden Pivot, but a decisive breach would put a 41.54 target in play. That would represent a 53% drop from the opening day high of 88.60 and a 21.5% drop from the current price of 52.90.Uber is unlikely...Read More