Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
Gold futures ended higher on Friday to build a gain for the week, after Federal Reserve Chairman Jerome Powell this week did nothing to dispel expectations for an interest rate cut later this month. The recent dovish comments from the Federal Reserve are "helpful to gold," said George Gero, managing director at RBC Wealth Management, in daily commentary. "Traders still buy good dips, so gold has s...Read More
Austenitic alloy steel scrap prices in Europe increased this week as a result of higher nickel costs, sources told Fastmarkets on Friday June 12. The increases came about despite low demand, which in recent weeks has countered the influence of higher nickel prices. However, this week the nickel price rises were more substantial. The price of nickel, 3 months, London Metal Excha...Read More
The UK ferrous scrap market for deliveries to domestic consumers in July has settled at prices unchanged from the previous month, on a tightness in the volume of material on the market, trade sources told Fastmarkets on Friday July 12.The market will soon slow down for the usual summer break, they predicted, when production will typically be reduced by workers' holidays, and by plants' maintenance...Read More
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears thatPresident Trump will harden his position in trade talks with China. In his speech to Senate Banking Committee, US Federal Reserve Chairman Jerome Powell maintain a dovish stance and stated that the US economy is in a very good place but faced exte...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's battery grade lithium carbonate and hydroxide prices hit fresh 2019 lows in the week ended Thursday July 11 with more producers lowering prices to boost sales amid subdued downstream demand and a negative short-term outlook. Battery grade lithium carbonate spot price in China fell as low as 68,000 yuan per tonne. Technical and industrial grade lithium carbonate spot prices followed t...Read More
Flat-rolled steel import prices in South America trended in different directions in the week to Friday July 12, as the current Chinese upturn provided a tailwind while hot-rolled coil and Galvalume were influenced by discounted deals.Fastmarkets' price assessment for steel cold-rolled coil import, cfr main ports South America, was $575-585 per tonne on Friday July 12, up by $5 from $570-580 per to...Read More
IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF) is a well-funded uranium exploration and development company with a portfolio of prospective projects in the Eastern Athabasca Basin in Saskatchewan, Canada and a historic inferred mineral resource estimate at the Mountain Lake uranium deposit in Nunavut. We learned from Craig Parry, CEO of IsoEnergy, that IsoEnergy was a spin-off from NexGen Energy, the co...Read More
Import bookings of hot-rolled coil (HRC) into India have come to a standstill because of tariff uncertainties, with buyers fearing that the government may soon impose a safeguard duty on flat steel imports.Japanese and South Korean mills which regularly sell HRC to Indian importers made no fresh offers in the week ended Friday July 12 because importers are not willing to open letters of credit, ev...Read More
The 5G marketing machine is shifting into high gear.Telecom majors all over the world are spending millions to promote their new 5G networks.And this time, the hype is real.See, the 5G market is unlike many others that have been hyped in recent years. Markets like cryptocurrency, cannabis, and, more recently, meatless meat have seen incredible growth. And there are still big opportunities to profi...Read More
Paramount Gold Nevada Corp. (NYSE American: PZG) is a US focused gold development company that owns 100% of the Grassy Mountain Gold Project, which consists of approximately 11,000 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit, entirely located on private land, for which results of a positive PFS have been released...Read More
Fastmarkets examines hot-rolled coil and plate prices across the United States, China and the European Union, to determine what influence - if any - the two carbon steel products have on each other's pricing movements.US: Is the wider spread between HRC and plate the "new normal"?The wide spread between prices for hot-rolled coil and plate has been blamed for the fast-falling US plate market in th...Read More
SIRIOS Resources (TSX-V: SOI) is a project generator founded in 1995, and, over the years, has discovered numerous gold and silver showings in Nord-du-Qu?(C)bec, Eastern Canada. The Company's current flagship project, Cheechoo, located in the Eeyou Istchee James Bay region of Quebec, is the largest and most promising gold discovery in the history of Sirios. We learned from Dominique Doucet, Presid...Read More
China's finished steel exports in January-June 2019 dropped by 2.6% from the corresponding period of last year. China exported 34.4 million tonnes of finished steel over the first six months of this year, according preliminary Chinese customs data released on Friday July 12. The country shipped 5.31 million tonnes of finished steel abroad in June, down 23.5% from 6.94 million tonnes a...Read More
Watch the video summary of the July 11th INK Morning report. INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script:MediPharm Labs specializes in cannabis concentrates. The st...Read More
A weakening of rebar futures in China on Friday July 12 led to participants withdrawing from the spot market for the long steel product, resulting in a drop in trading activity and keeping prices at a standstill for a second day. Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($579-582) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedTraders kept prices flat...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More
Import pig iron prices in the United States picked up in the week ended Friday July 12 on reduced availability from the Commonwealth of Independent States, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $360 per tonne on Friday, up from $350-355 per tonne a week before."There is deferred demand for pig iron in the US, while we [supplie...Read More