Seaborne premium hard coking coal prices in both the fob and cfr markets were relatively stable on Monday November 2.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.95 per tonne, up $0.01 per tonne Premium hard coking coal, cfr Jingtang: $134.94 per tonne, down $0.86 per tonneHard coking coal, fob DBCT: $95.53 per tonne, up $0.01 per tonne Hard coking coal, cfr Jingtang: $107.52 per to...Read More

A tighter supply of rebar in the Singapore import spot market has led market prices to increase significantly in the past week, industry sources in the island state told Fastmarkets. "Turkey is extremely short of material for export after they concluded deals for large quantities to south America in recent weeks so any Singaporean buyer will be hard pressed to get good prices for rebar now," a buy...Read More

Prices for seaborne iron ore pellets edged up in the week ended Friday October 30 with demand being stimulated by sintering restrictions and costlier coke in China, while those for concentrate weakened.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $126.39 per tonne, down $4.33 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $150.55 per tonne, up $1.58 per tonne.Key driversApart...Read More

Trading activity in the seaborne iron ore market was slower in October than in the preceding few months, which dragged down the volumes of derivatives traded as well. The October average of Fastmarkets' daily 65% Fe Brazil-origin iron ore index dropped by 2.6% month on month to $132.90 per tonne while that for the daily 62% Fe index fell by 2.7% to $120.20 per tonne.This resulted in an average spr...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade.Clorox advanced $5.75 to $213.00 after reporting higher than consensus fiscal first quarter earnings. Dunkin Donuts gained $6.13 to $105.84 after Inspire Brands offered to acquire the company for $106.50 per share. This cash offer is valued at $8.8 billion.Este Lauder added $6.50 to $226....Read More

China's domestic rebar prices gained strength on Monday November 2 on market participants' expectation of a rush to complete construction projects before the onset of a colder-than-usual winter.DomesticEastern China (Shanghai): 3,810-3,840 yuan ($568-573) per tonne, up by 60 yuan per tonneChinese weather officials have forecast a colder winter this year due to the La Nina weather phenomenon. The f...Read More

China's government has launched a new energy vehicle (NEV) industry development plan to run from 2021 to 2035 in order to promote and stimulate high-quality, sustainable development of China's new energy automotive industry, according to an official announcement on Monday November 2.China's government has continued its efforts to support and stimulate the development of the NEV industry, and the l...Read More

Key data from Fastmarkets' pricing session in London on Friday October 30.Key drivers Prices moved up for both grades for the first time since July 3 on a slight increase in activity.Prices have been partially supported by higher offers from China, in line with rapidly rising domestic prices that are being driven by higher production costs...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More

Belgian battery-materials manufacturer Umicore expects a solid performance in 2020 despite unprecedented and challenging market conditions amid the global Covid-19 pandemic, the company said on Monday November 2. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the range of ?,?465-490 million ($542-571 million) on the condition that the ongoing spread o...Read More

Key data from the pricing session in the Shanghai on Friday October 30. Key drivers  The price range widened downward on lower offer prices issued to facilitate sales.  Supply is ample and demand is limited, adding bearish sentiment to...Read More

Chinese silicon exporters raised their offers in the week to Friday October 30, in line with quickly rising domestic prices that are being driven by higher production costs and tight prompt supply, sources told Fastmarkets.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,680-1,720 per tonne on Friday, up by $50-80 (5.3%) from $1,600-1,630 per tonne a week earl...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More

Global silico-manganese output rose by 3.3% month on month in September, supported by rising production in Asia and Oceania, Europe, Africa and the Middle East, the latest data from the International Manganese Institute (IMnI) shows. Following a month-on-month rise of 0.6% in August, world supply of silico-manganese grew to around 1.50 million tonnes in September, marking a drop of 8.7% year on ye...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Caroline Bain, chief commodities economist at London-based Capital Economics, told viewers of the China-focused session that China's bounce-back in recent months was already priced in to metalsRead More

In the third quarter, Copper Mountain Mining's (TSX: CMMC) flagship namesake open-pit mine in B.C., 20 km south of Princeton, generated 23.8 million lb. copper-equivalent, at all-in sustaining costs of US$1.43 per lb. copper and all-in costs of US$1.68 per lb. copper.Gil Clausen, the company's president and chief executive, said in a statement that Copper Mountain "posted another strong quarter" a...Read More

VanadiumCorp Resource (TSXV: VRB; US-OTC: APAFF) has released the first resource estimate for the Main zone at its wholly-owned Lac Dore vanadium project in northern Quebec, 27 km east-southeast of Chibougamau."Our first mineral estimate exceeded our expectations and shows that Lac Dore is one of the largest and highest-grade vanadium resources in North America," Adriaan Bakker, VanadiumCorp's pr...Read More

Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) is expanding its footprint in the precious metals-rich Abitibi region of Quebec by acquiring all shares in smaller rival Monarch Gold (TSX: MQR) that it does not already own for $152 million (US$114 million).The cash and share deal gives Yamana the Wasamac property, which is 100 km from its 50%-owned Canadian Malartic mine, as well as the Camflo mill, al...Read More