Here are five Fastmarkets stories you might have missed on Wednesday October 20 that are worth another look.Workers at steelmaker ArcelorMittal's plant in Ghent, Belgium, might go on strike from Thursday next week in a dispute over salaries, Fastmarkets heard on October 20.Trafigura has been drawing...Read More

Lead's three-month price set a new year-to-date peak of $2,427 per tonne on the afternoon of Wednesday October 20, together with nickel, which rose by almost 6% to more than $21,000 per tonne, with sentiment on the London Metal Exchange still bullish.Lead's three-month price closed at $2,417 per tonne on Wednesday, a 1.7% increase from its Tuesday closing price of $2,376 per tonne. "We envisage a...Read More

Nickel premiums were stable globally on Tuesday October 19, supported by tight inventories.Strong fundamentals continue to keep US premiums firm.Supply remains supportive of Asia premiums, but there is low liquidity with the arbitrage window closed.Europe premium is flat with liquidity still low post-LME Week.US premiums braced against headwinds, tailwindsNickel premiums were unchanged in the Unit...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollarare weakerin early U.S. trading Wednesday, on a normal pause following strong gains thisweek that have pushed prices to a six-month high and within striking distanceof a new record h...Read More

Bob Moriarty ArchivesOct 20, 2021If you ever find yourself staring too hard at the trees, you might want to step back just a bit and take a look at the forest you may have totally missed.You can only make money by buying low and selling high. Most investors want to do the opposite. So while they are either engrossed in staring at the trees or are focused on their belly buttons, you need to do the...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Inflation data in Europe has flatlined slightly and this couldkeep some of the pressure at bay for the ECB and BoE. Many analysts havestarted to pice in rate hikes for the BoE as Bank's governor, Andre...Read More

Peru president Pedro Castillo heard good words the community of Corani, which is also near Bear Creek Mining's silver project.Today the company (CVE:BCM) traded up 27% to $1.71.Last week representatives from the towns and villages of the Corani District were received by the President of Peru, Pedro Castillo Terrones at the Presidential Palace."During the meeting community representatives formally...Read More

Frontier Lithium (CVE:FL) announced today that it has successfully produced battery grade lithium chemicals from its own spodumene resource from the PAK deposit, part of the PAK lithium project in Ontario.The lithium salts were produced from ‘ore-to-hydroxide’ sulphate conversion route by a mini-pilot plant using core samples taken from the PAK lithium project. The Government of Ontari...Read More

Suppliers in China's domestic spot ferro-chrome market lowered their offer prices during the week to Tuesday October 19, while trading remained light due to very limited supply, Fastmarkets heard.Fastmarkets' assessment of ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China fell by 4.8% to 10,700-11,300 yuan ($1,673-1,767) per tonne on Tuesday, from 11,100-12,000 yuan per tonne one week earlier.Th...Read More

MOSCOW, Oct 20 (Reuters) - Russian metals tycoon OlegDeripaska attacked U.S. "stupidity" in a mocking social mediapost on Wednesday after FBI agents raided Washington and NewYork properties linked to his family. Washington imposed sanctions on Deripaska, 53, and otherinfluential Russians in 2018 because of their ties to PresidentVladimir Putin after alleged Russian interference in the 20...Read More

A summary of Brazilian miner Vale's base metals production results for the third quarter of 2021, as stated in its production report published on Tuesday October 19. Vale's nickel production declined in the third quarter from the prior quarter due to a labor disruption at its Sudbury mine in Canada, which halted operations for 70 days, of which 40 days were in third quarter, with an impact of 11,0...Read More

It closed at $10,487.50/t, returning towards the price for three-month copper, which was down 0.46% to $10,149.50/t."We expect volatility to remain in the near term given such market uncertainty - think low stocks, uncertain delivery times thanks to shipping and other logistical issues," Marex's Al Munro said from the LME desk.Nickel has climbed further above $20,000 per tonne, with cash nickel up...Read More

Oct 20 (Reuters) - The U.S. Forest Service on Wednesdayproposed banning mining in Minnesota's Boundary Waters regionfor 20 years, a step that would block Antofagasta Plc's Twin Metals copper and nickel mine project.The announcement, which reverses a decision by formerPresident Donald Trump, sets off a review process for how miningcould affect the region, a popular outdoor recreation area.While tha...Read More

On a higher timeframe basis: I cautioned on 8/16/18 the breakabove $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. Thisis ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2high and rolled over $412.8 into the macro bearish correction warned about.This is ON HOLD. On a lower timeframe basis: The decent trade above at $1,771.4warned of decent strength. We saw $14.6...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More

(Reuters) - The U.S. economy grew at a "modest to moderate" rate in September and early October, as the latest surge of coronavirus cases crested and began to recede, the Federal Reserve said on Wednesday in its latest Beige Book compendium of reports about the economy."Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and more caut...Read More

The study, completed using a US$100 per tonne price, suggests the current 10.4Mt grading 60.4% inferred resource can be recovered from multiple open pits within eight years, assuming a 1.Read More

An overview of the consumer electronics markets and their latest price moves.Janie Davies in...Read More

WASHINGTON, Oct 20 (Reuters) - U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals."We cannot do this alone," Monaco said on Wednesday during a virtual roundtable on cybersecurity."The bottom line is this: I believe it is bad for companies. It's bad for America and it hurts our efforts to uph...Read More

Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More