Slab export prices from Brazil decreased in the week ended Friday November 23 due to weaker sentiment in global markets and the prices achieved in reported deals to the United States and Europe.Fastmarkets' weekly assessment of Brazilian export slab prices fell to $450-505 per tonne fob on Friday, compared with $505-515 per tonne fob a week before.Different Brazilian producers were heard booking v...Read More
Morocco has filed an appeal with the World Trade Organization against its recent ruling that the country's anti-dumping duty on Turkey-origin hot-rolled coil (HRC) violated the trade body's rules, the WTO said on Friday November 23.Morocco imposed a permanent 11% anti-dumping duty on Turkish HRC in August 2014, which was challenged by Turkey in October 2016.A WTO panel made its ruling in late Octo...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points in pre-opening trade. Dollar Tree (DLTR $83.01) is expected to open lower after JP Morgan lowered its target price to $84 from $190.Alphabet (GOOGL $1030.10) is expected to open lower after MKM Partners lowered its target price to $1365 from $1465.Facebook (FB $131.73) is expected to open lower after MKM Part...Read More
The latest news and price moves to start the Asian day on Tuesday November 27.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the United States dollar index and continued global trade tensions. Read more in our live futures report.Here are how prices looked at the close...Read More
Chinese ammonium paratungstate (APT) and black tungsten concentrate prices fell due to persistent weakening domestic demand, while the European ferro-tungsten quotation ticked up on business concluded at higher levels. APT price in China edged down amid slow trades Concentrate prices was still under pressure in soft markets Ferro-tungsten price in Europe rise slightly Fastmarkets asse...Read More
My model for forecasting oil prices has three top-level factors, represented graphically by arrows pointing up, down or sideways. An up arrow is colored green and points to higher oil prices. A down arrow is colored red and points to lower oil prices. The sideways arrow is colored grey and suggests that the relevant factor is neutral with respect to oil prices.Of course, there are innumerable subf...Read More
As the holidays are just around the corner, parents will soon welcome home their college children who have been off getting that overvalued college education. They're providing the education that we were always taught children needed.I say all the time that we were taught to go to school, get a job, save for retirement. But there's one lesson that seems to be left out: the real price of having kid...Read More
Turkish domestic scrap prices have continued to weaken over the past week due to limited demand and falling finished steel values, sources said on Monday November 26.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,850 ($313-351) per tonne delivered on Monday, narrowing downward from TRY1,650-1,940 per tonne on November 19.Long steel producers...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBeijing Iron Ore Trading Center (Corex), 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $62.50 per...Read More
Seaborne iron ore concentrate prices dipped on Friday November 23 due to limited demand from major Chinese buyers and weakening high-grade iron ore prices. The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $95.27 per tonne cfr China on Friday, down by $4.02 per tonne from November 16. The daily 65% Fe Iron Ore Index averaged $91.56 per tonne cfr China last week, compared wi...Read More
Physical iron ore prices plummeted on Monday November 26 following a slump in futures and steel markets, with Chinese steelmakers fearing losses. MB 62% Fe Iron Ore Index: $64.25 per tonne cfr Qingdao, down $5.88 per tonne. MB 62% Fe Pilbara Blend Fines Index: $63.52 per tonne cfr Qingdao, down $5.80 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $68.97 per tonne cfr Qingdao, down $4.10 per tonn...Read More
Increasingly gloomier sentiment in China following a continual decline in its downstream ferrous markets has led to a drop in prices for seaborne coking coal sold into the country.A top Australian brand was heard offered at $221 per tonne cfr China during the day, while a second-tier product was offered at $203 per tonne cfr China, a Chinese end-user source told Fastmarkets on Monday November 26....Read More
The continued strike at Venezuela's Ferrominera Orinoco (FMO) is keeping the domestic hot-briquetted iron (HBI) industry paralyzed."As a result of FMO's sustained strike, all HBI producers have stopped for the moment," a market source in Venezuela told Fastmarkets. "Even Orinoco Iron is completely down due to the shortage of iron ore fines."FMO is the country's only legally authorized domestic pro...Read More
Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 23. China The Chinese grade 553 silicon price fell by 3.3% week on week amid aggressive bids Inquiries were still thin amid slow trading for much of the week Meanwhile, availability of material was sufficient in the spot market The price range widened, reflecting differing attitudes among suppliers in Chi...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsProductivity - output per worker - matters to an economy because it is the principal driver of income per h...Read More
Antimony prices moved down in both Chinese and European markets in the week ended Friday November 23 amid weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,000-50,500 yuan ($7,211 -7,283) per tonne on November 21, down 0.7% from 50,200-51,000 yuan per tonne a week earlier amid persistent weak demand in the domestic...Read More
Suddenly, the diamond sector is an exciting place to be.Personally, I feel a renewed sense of optimism about the industry after being a part of the first ever Diamonds Symposium, organized by DiC's publisher The Northern Miner in June.It was gratifying to see a great turnout at the event, proving that there is still a vibrant diamond community in Canada.But it's not just that we had a successful a...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six kilometres from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper is based on 98 diamond...Read More
While not officially scheduled, the presidents are expected to have a one-to-one encounter during the G20 conference of the world's 20 biggest economies being held in Buenos Aires on Friday an...Read More