For the last 2 days our internet has been down which really makes you appreciate this miracle invention. We’ve had intermittent problems through the years that no one has been able to figure out until today. The phone company finally came to the conclusion that there was a tiny defect in their phone line that would only show up from time to time which made the problem so hard to track down....Read More

South Korea's Hyundai Motor Group is shaking up the automotive supply chain with a new integrated facility in Singapore.The facility - dubbed the Hyundai Motor Group Innovation Center (HMGIC) - will feature mobility research and development, as well as a manufacturing plant for electric vehicles (EVs). It is located in Jurong Innovation District, located in the Southeast Asian island nation's west...Read More

Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better."It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment…ever. You...Read More

Trafigura's revenue was $171.5-billion in 2019, with group businesses in metals, oil, power & renewables and shipping. Andrea Hotter talks strategy with the man at the helm, CEO Jeremy WeirJeremy Weir's career at Trafigura almost stumbled before it began. The Melbourne, Australia-born geologist-turned-derivatives-trader was heading to meet one of the commodities trading house's founding partners,...Read More

China will release new standards for steel scrap imports by the end of 2020, the National Standard Formation Committee said at a recycled raw materials conference in Shanghai.The new standards will support the rising demand for ferrous scrap in China and will introduce the nationwide classification and regulation of high-quality scrap, according to the China Metallurgical Information & Standardiza...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 14 that are worth another look.The European Commission (EC) has initiated an expiry review of anti-dumping duties imposed on wire rod originating from China, it said on October 14.Trafigura's revenue was $171.5-billion in 2019, with group businesses in metals,...Read More

Hot-rolled coil prices in the United States held mostly steady day on day, with some sources indicating that prices are on an uptrend while others were split on mill availability and lead times.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32.48 per hundredweight ($649.60 per short ton) on Wednesday October 14, nearly flat from $32.50 per cwt on Tuesday October 13...Read More

Tantalum oversupply will continue until at least the end of this year, John Crawley, managing director of Refractory Metals Mining, said during the Tantalum-Niobium International Study Center's virtual conference this week."The fourth quarter of the year might be hurt by [an abundance of] inventory accumulated during the third quarter of the year," Crawley said during a panel discussion on Monday...Read More

Sellers in the United States hoped that the premium for nickel briquettes would rise further from a floor, while European nickel premiums held firm at new lower levels and Asia was quiet after holidays in the week to Tuesday October 13. US focus switches to next year's contracts China sees minimal trading after week-long national holidays Europe market steady amid volatile LME price. Minimal spot...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 14 that are worth another look.The European Commission (EC) has initiated an expiry review of anti-dumping duties imposed on wire rod originating from China, it said on October 14.Trafigura's revenue was $171.5-billion in 2019, with group businesses in metals,...Read More

The three-month price of nickel on the London Metal Exchange was the standout performer at the close of trading on Wednesday October 14, with strong producer price index figures from the United States supporting steady buying in the afternoon.Lead futures, however, struggled to close above nearby support levels.Nickel's outright price on the LME closed at $15,341 per tonne on Wednesday afternoon,...Read More

Both the seaborne and futures prices for iron ore fell further on Wednesday October 14, with market sources putting the blame on weak sentiment resulting from high iron ore port inventories and low margins at steel mills in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.52 per tonne, down by $1.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.98 per tonne, down by $1.32 p...Read More

Seaborne hard coking coal and pulverized coal injection (PCI) prices declined on Wednesday October 14, following the recent slump in premium hard coking coal prices after China issued a verbal notice banning coal imports from Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.21 per tonne, down $0.83 per tonne Premium hard coking coal, cfr Jingtang: $134.98 per tonne,...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil (HRC) moved sharply higher in September, in line with our expectations, but the magnitude of the rise exceeded our predictions. Domestic HRC prices averaged $566 per ton in September, exceeding our $540 per ton forecast price.A c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The coronavirus pandemic has had a massive impact on every part of the global economic system. In response, unprecedented stimulus measures have boosted many countries’ debt-to-GDP ratios to levels not seen since WWII. But even...Read More

RAPAPORT... Australian jeweler Michael Hill reported an improvement in same-store sales during the first fiscal quarter amid a rise in online shopping and an increased desire for branded jewelry.Same-store sales - at branches open more than a year - rose 7% to AUD 116.7 million ($83.7 million) during the three months ending September 27, the company said Tuesday. Group sales slipped 3.6% to AUD 11...Read More

RAPAPORT... De Beers has registered its highest sales total since January as rough demand improved ahead of the fourth-quarter holiday season.The company sold $467 million of rough during its September sales cycle, the eighth of the year - a 57% rise compared with the same period last year, it reported Wednesday. Sales rose 40% versus the seventh cycle.The miner reduced prices of smaller good...Read More

RAPAPORT... Jewelers for Children will distribute $475,000 to its charity partners this year, bringing its total donations to $57.3 million since the organization began in 1999."Serving as board chair through this very challenging year has truly shown me just how beloved Jewelers for Children is in our great industry," Debra Puzio, the chair of Jewelers for Children's board, said Tuesday. "Th...Read More

(IDEX Online) - A British jeweler is being sued over the loss of a $40,000 fancy yellow diamond that fell out of a ring he sold.Philip Lloyd Jewellers, in West Sussex, was accused of failing to secure the stone with reasonable care and skill during a court hearing on Tuesday.Insurance broker Mark Hare, 58, bought the gem as a Christmas gift for his then-girlfriend Olivia Claffey in 2017.She notice...Read More