Corinth Pipeworks has declared itself the first steel pipe manufacturer for the energy sector to achieve net zero carbon emissions from its operations. Earlier this year, the company set out to become the first steel pipe manufacturer for the energy sector whose operations are carbon-neutral, via the use of green electricity at its pipe manufacturing facility in Thisvi, Greece. The company provide...Read More

China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More

Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More

RESEARCH HIGHLIGHTS:Gold will target the $2,250 level before stalling and attempting another upside price rally targeting $2,500 or higher.Silver will target the $33 price level when the current upside move builds enough momentum, then target $38 or higher.Our next upside price target for platinum is $1,410, representing a +52.4% upside price target.Palladium bottom in March 2020 was near $1,357....Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.Gold/Silver RatioGold/Silver is in a potential bounce pattern with RSI and MACD positive divergences. A bounce (if applicable) – which would likely come in unison with a counter-trend bounce in USD could accompany more broad ...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 23.Please click...Read More

The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day's trading.Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, "producing deflationary pressure on commodity prices."The general dollar index was last seen at 94.22, up by 0.24."Copp...Read More

Long lead times and a reduced domestic output have combined with a lack of competitive import offers to drive up the local price for hot-rolled coil in Europe, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?487.61 ($572.17) per tonne on Wednesday September 23, up by ?,?2.26 per tonne from ?,?485.35 per tonne on Tuesd...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

Chinese stainless steel producers have increased their consumption of stainless steel scrap in the last two months in an attempt to reduce their input costs, particularly those for ferro-alloys, with nickel prices soaring since mid-July, sources told Fastmarkets.Chinese stainless steel producers typically use a combination of nickel pig iron (NPI), stainless scrap and ferro-alloys for production.T...Read More

The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day's trading.Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, "producing deflationary pressure on commodity prices."The general dollar index was last seen at 94.22, up by 0.24."Copp...Read More

Seaborne coking coal prices across the board continued their uptrend on Wednesday September 23, with the premium hard coking coal fob price taking the lead. Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.77 per tonne, up $4.76 per tonne Premium hard coking coal, cfr Jingtang: $141.69 per tonne, up $2.85 per tonneHard coking coal, fob DBCT: $110.18 per tonne, up $1.83 per tonneHard cok...Read More

The London Metal Exchange's new package of sustainability proposals should aid the discovery process of low-carbon aluminium pricing, chief executive officer Matthew Chamberlain said.Speaking at the Fastmarkets International Aluminium Conference on Wednesday September 23, Chamberlain said the exchange wants to provide the market with the tools to source sustainable material and provide transparenc...Read More

"...what's the follow-through?...means the silver market is markedly tighter at..."by Keith Weiner of Monetary-MetalsOn Monday, the dollar rose from 1.16 grams silver, to 1.26g.Conventional monetary thinkers believe that the dollar can be measured either in terms of the euro, pound, yuan, etc. Or in terms of consumer prices.But these are not units of measure.And that's because consumer prices are...Read More

There's a flash sale on silver right now, but it won't last long! Here's why...*****UPDATE 1 An appropriate expression could be "the beatings will continue until morale improves":The cartel apparently doesn't really care about actual smart people buyin' up all the shiny phyzz at bargain basement prices, however, so, um, yeah.Something big must be coming, in a false flaggy kind of way, be it real,...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More

A reduced regional surplus supported the tin trade in the United States while European traders, eyeing a rising contango, held back from the market in the two weeks to Tuesday September 22.Both tin premiums rise in the US, their first move in three months.The London Metal Exchange tin price remains near a two-year high, but is not matched by physical demand in Europe.China sees little trade, given...Read More

RAPAPORT... Dominion Diamond Mines has sold $46 million worth of rough at its first diamond sale since March, enabling the company to repay some of its debts amid insolvency proceedings.The miner expects to sell approximately $8 million of smaller rough in a second sale this week. If it achieves that total, the combined revenue from the two sales would exceed Dominion's reserve price of $52 millio...Read More

RAPAPORT... Zimbabwe's state-owned diamond miner has hired Mark Mabhudhu as CEO in an effort to help it achieve its goal of reaching $12 billion in revenue from its mining projects by 2023.Mabhudhu will step down as executive director of the diamond division at Vast Resources to begin his new role at Zimbabwe Consolidated Diamond Company (ZCDC) immediately, Vast said Tuesday. Vast is currently in...Read More