An overview of the minor metals markets and the reasons for any price moves.Read More
The price for rebar produced and delivered in Southern Europe remained unchanged on Wednesday May 22, amid continuing weak demand, market participants told Fastmarkets.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?500-510 ($559-569) per tonne delivered on Wednesday, unchanged from May 8."We are just hoping for the market to remain stable as the demand situa...Read More
The quietness in the deep-sea scrap markets has continued because market participants were still looking for clarity in the export markets for finished products such as rebar, sources said on Wednesday May 22.After the United States reduced its tariff on steel imports from Turkey to 25%, from 50%, on May 17, Turkey was again in a position to supply to the US market.But scrap suppliers pulled back...Read More
Gold futures settled higher on Wednesday, a day after posting a nearly three-week low, with the metal finding modest support from weakness in U.S. stocks. Futures prices held onto those gains in electronic trade, shortly after the release of the minutes from the rate-setting Federal Open Market Committee's April 30 - May 1 meeting showed that voting members seemed comfortable with their patient s...Read More
Glencore AG has signed an agreement to supply cobalt feedstock and financing to recommission the First Cobalt refinery in Ontario, Canada.The memorandum of understanding could result in annual production of roughly 2,000-2,500 tonnes of cobalt in sulfate from the plant, which is North America's only primary cobalt refinery.Glencore will evaluate making a loan to fund the capital requirements to re...Read More
Ontario's government is working for the people of Northern Ontario by supporting economic development in Dryden with an investment in Dryden's Community Improvement Plan.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, along with Peter Bethlenfalvy, President of the Treasury Board, announced more than $51,000 to help the City of Dryden develop a strategic and community imp...Read More
SAULT STE. MARIE - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Ross Romano and Paul Calandra, Parliamentary Assistants to the Minister of Energy, Northern Development and Mines, met with steel and northern sector stakeholders in Sault Ste. Marie today. This session is one of several in-pers...Read More
Ontario's government is working for the people by supporting tourism infrastructure projects in the Algoma region and Manitoulin Island.Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of over $1.3 million. Projects include: $1 million for the Township of Billings to complete infrastructure improvements to the Kagawong waterfront.$282,080 for the City of...Read More
* UK PM May's Brexit deal falls apart, hurting stocks, FX * Sterling hits lowest since Jan flash crash against dollar * But losses curbed on Sky report May will resign tonight * Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Abhinav Ramnarayan and Saikat ChatterjeeLONDON, May 22 (Reuters) - Sterling fell on Wednesday andwas on track for its l...Read More
Fastmarkets has amended the names and specifications of its China cobalt sulfate assessments, effective Wednesday May 22, 2019. Fastmarkets has assessed the price of cobalt sulfate, ex-works China, on a 20.5% Co basis since the assessment was launched in June 2018, but due to an error, the definition of cobalt purity for the assessment was incorrectly stated as "Co 20.5% min" instead of "Co 20.5%...Read More
We'll find few issues out there that transcend the chaos and fighting that takes place daily on Capitol Hill.Take a second and close your eyes, then try to think of a single topic that both the far left and far right can agree on.Don't worry, I'll wait.Still need help?Here's a hint: Every four years, the American Society of Civil Engineers releases a report that shows us - Republican, Democrat, an...Read More
China's export hot-rolled coil prices were largely stable on Wednesday May 22 amid sparse trading as domestic spot and futures prices fluctuated.DomesticEastern China (Shanghai): 4,020-4,050 yuan ($582-586) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,900-3,930 yuan per tonne, widening upward 10 yuan per tonneMills' offers were around 20 yuan per tonne higher than on Tue...Read More
Element 25 Limited (ASX: E25) owns 100% of the Butcherbird Project that hosts Australia's largest onshore manganese resource. The project is located in a low-risk mining jurisdiction in Western Australia, near excellent infrastructure. It contains over 260 Mt of manganese ore, with exceedingly simple geology. We learned from Justin Brown, Executive Director of Element 25, that the Company's core s...Read More
Frontier Lithium Inc. (TSX.V: FL) is focused on becoming a low-cost, fully integrated lithium producer, through development of the world-class PAK lithium deposit in Ontario, Canada. At PDAC 2019, we learned from Trevor Walker, President and CEO of Frontier Lithium, that they have invested nearly $10 million into the project since 2013, and turned it into the highest-grade lithium deposit in North...Read More
White Rock Minerals Ltd (ASX: WRM) owns 100% of, the globally significant, Red Mountain polymetallic volcanogenic massive sulphide (VMS) exploration project, in an established VMS district of central Alaska, where there is significant potential to discover several new large zinc-silver-lead-gold-copper deposits. This project has a recent maiden JORC 2012 Resource of 9Mt grading 13% ZnEq. We learne...Read More
China's plate producers lowered offer prices this week in sparse trading.Fastmarkets MB's export price assessment for June/July shipments of commercial-grade, chromium-added plate was $530-535 per tonne fob for the week ended Tuesday May 21, down $5-7 per tonne from $535-542 per tonne fob the week prior.A northern China-based mill is offering $535-540 per tonne fob this week, down from the of...Read More
Introducing the INK No Go ListAt INK Research, our mission is to help you make better investment decisions by tracking the legally reported buying and selling of public company executives, a group also known as corporate insiders. To help point investors in the right direction with their investments, we combine insider activity with valuations and momentum factors to identify which stocks might m...Read More
The Wednesday Market Minute Global stocks drift lower as investors fade the impact of eased restrictions on Huawei to focus on slowing economic growth and rising geo-political risks.The New York Times reports the White House is reading to expand the number of Chinese firms on the so-called Entities List, a move that could escalate trade tensions between Washington and Beijing.European stock...Read More
The price for rebar produced and delivered in Southern Europe remained unchanged on Wednesday May 22, amid continuing weak demand, market participants told Fastmarkets.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?500-510 ($559-569) per tonne delivered on Wednesday, unchanged from May 8."We are just hoping for the market to remain stable as the demand situa...Read More
Prices for mesh-quality wire rod in Europe continued to fall this week after a drop in finished mesh product prices, sources told Fastmarkets on Wednesday May 22.Fastmarkets' assessment of the price of domestic mesh-quality wire rod in Southern Europe was ?,?500-520 ($558-580) per tonne delivered on May 22, down by ?,?15 per tonne from ?,?515-535 per tonne on May 15."The wire rod market is very de...Read More