The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at $108.80 per tonne cfr China, laycan June 15-24.Vale, Global Ore, 120,000 tonnes of 65% Fe Iron Ore Carajas, sold at $119.30...Read More
The London Metal Exchange has approved the Registered Intermediating Broker (RIB) Tier 2 membership of GFI Brokers and ICAP Energy, it said in a note to members on Friday May 24.Both brokers will now be able to commence activity as RIBs, allowing them to register trades directly into the LME's matching system - known as LMEsmart - on behalf of clearing members or clients.London-based ICAP Energy i...Read More
Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday May 24, with a softening in the dollar overnight providing much-needed relief to the complex. Copper, aluminium, lead and nickel were up between 0.3% and 0.8% on the SHFE this morning, while zinc and tin declined by 0.4% and 0.3% respectively. The red metal's most-traded July contract on the SHFE r...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday May 24:Minor metalsAntimony MB free market regulus, $/tonne: $6,700-6,950 per tonne from $6,800-7,000Antimony MMTA standard grade II, $/tonne: $6,500-6,750 per tonne from $6,600-6,750Bismuth MB China domestic, yuan/tonne: 41,500-44,000 yuan per tonne from 41,000-44,000 yuanChromium...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. Read More
Belgian battery-materials manufacturer Umicore SA has reached an agreement with Freeport Cobalt to acquire the latter's cobalt refining and cathode precursor business at the Kokkola refinery in Finland. The transaction is expected to be finalized by the end of 2019, and Umicore will pay a total consideration of $150 million on a debt and cash free basis, plus the value of the working capital to be...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday May 24. China Taiyuan Iron & Steel (Tisco) released its June tender price for high-carbon ferro-chrome at 6,550 yuan ($947) per tonne on Friday May 24, 350 yuan per tonne lower than its May tender. Two other major Chinese stainless steel mills, Tsingshan and Baosteel, have yet to release June tende...Read More
Retirement planning generally focuses on working from your 20s and retiring in your 60s or later. That gives you 40-odd years to squirrel away 10% to 15% of your annual income to accumulate a sufficient nest egg to last the rest of your life. Yet the reality is that many folks are only a minor emergency, such as needing new tires for the car, away from bankruptcy. Most live paycheck to paycheck. I...Read More
The market for aluminium 226 ingot fell to its lowest level since November 2009 on Friday May 24 after rumors of distressed selling in Italy exacerbated already weak demand from the European automotive sector. Fastmarkets assessed the price for aluminium diecasting ingot 226 at ?,?1,340-1,380 ($1,495-1,539) per tonne on Friday, down by ?,?40 per tonne from ?,?1,380-1,430 per tonne the previou...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday May 24:Aluminium scrapFloated Frag: ?,?940-980 per tonne from ?,?990-1,040Cast: ?,?880-900 per...Read More
Asian ferrous scrap buyers have continued to keep their purchases limited over the past week, cautioning against excessive optimism about trade relations between the United States and Turkey.While price levels have increased in Taiwan, many South Korean and Vietnamese buyers are still staying away from purchasing imported HMS 1&2 scrap despite prices in key bellwether market Turkey increasing.&nbs...Read More
Following market feedback and the consultation of market participants, Fastmarkets proposes to launch a daily cfr Vietnam containerized ferrous scrap price assessment.The introduction of the price assessment will expand Fastmarkets' price coverage of the ferrous scrap markets in Asia and highlight Vietnam's rising importance as a price benchmark in the region. The proposed new assessment will prov...Read More
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We appear to have quietly passed another landmark in the transformation of U.S. energy production. For the first time ever, the famously coal-centric state of West Virginia last year produced more natural gas, as measured by energy content, than coal.West Virginia hasn't been the biggest coal-producing state for a while; Wyoming, which passed it back in the 1980s, now mines more than three times a...Read More
Can a retirement investment fund such as an RRSP or RRIF really be shored up by investment in just three stocks? Depending on what kind of spread of assets is already held in a portfolio, adding a few strengthening stocks can help to spread the risk while bringing in some welcome passive income. The three stocks below represent the kind of investments that could deliver this type of added stabilit...Read More