The price for pig iron exports from Brazil went up again during the week to Friday November 20 on strong demand in both the export and domestic markets. Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $390-395 per tonne on Friday, up from $375 per tonne a week ago.A sale was done to Mexico at about $390-395 per tonne fob, sources said. The carg...Read More
In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina's Congress approved a bill seeking Continue...Read More
Let's face it, Cancel Culture is having a major impact on how things "look".And high net worth investors and fund managers can't afford to have a bad social reputation.Continue...Read More
Education today starts by telling minorities and women that they are discriminated against rather than saying this is a land of opportunity. They ignore all the African andContinue...Read More
"The notion of a reset is more important than ever before," Kerry said. "I personally believe ... we're at the dawn of an extremely exciting time."Continue...Read More
This means that with no shorts left, the market's ability to "squeeze" higher is now finished... except for energy where we expect some catalyst to unleash what will soon be the only short squeeze left in the market.Continue...Read More
Soaring shipping costs have continued to push the manganese flake market up, with European prices jumping by more than 9% this past week to a nine-month high.Fastmarkets' assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was at $1,800-1,850 per tonne on Friday November 20, up by 3% from the mid-week assessment of $1,750-1,795 per tonne and by 9.3% from $1,620-...Read More
Steel scrap prices have continued to increase in all the major international markets over the past week, amid tightening supply and continued demand for steel, sources said on Friday November 20.Turkish steelmakers returned to the import market, booking cargoes at higher pricesUS East Coast sales slow down, but prices remain highDemand for Vietnamese steel billet drives up scrap pricesTaiwanese mi...Read More
Demand for imported pig iron was low in the United States during the week to Friday November 20 but a global uptrend has stimulated market growth.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $392-395 per tonne on Friday, narrowing upward from $390-395 per tonne a week before.No new deals were reported in the spot market despite buyers'...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 20.AsiaSeaborne prices for high- and low-grade manganese ore fell following lower offers, amid high inventories and weakening sentiment.Falling portside ore prices put additional downward pressure on both grades of material.Portside manganese ore prices of both grades ticked down....Read More
Chilean state-owned copper miner Codelco announced on Thursday November 20 that Andr?(C) Sougarret would return to the company in 2021 after a two-year stint with Colombia's Empresa Nacional de Miner?-a (Enami).Sougarret, widely known in the industry for his key role in the rescue of the 33 miners trapped at the San Jos?(C) mine in Chile in 2010, will become vice president of Codelco's northern op...Read More
After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.National Chinese copper behemoths Jiangxi Copper and Minmetals were among the...Read More
The three-month copper and lead London Metal Exchange prices ended the week on the rise, hitting June-2018 and January-2020 highs respectively at the 5pm close on Friday November 20, capitalizing on momentum-based trading which pushed the whole complex up. The three-month copper price closed at $7,277.50 per tonne on Friday, up by 2.6% from Thursday's closing price of $7.093 per tonne, surpassing...Read More
After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.National Chinese copper behemoths Jiangxi Copper and Minmetals were among the...Read More
And sorry Bitcoin Fanboys, or Fanboys of any of the other debt-based crypto "currencies", because time is running out for you too!The Bitcoin Fanboys and pumpers are out there pushing their pseudo-elixir pretty hard, again.DO NOT BE FOOLED!To say that Bitcoin is an unbacked, DEBT-BASED "currency" is a major understatement, because believe it or not, an energy supply, the hard drive space to store...Read More
Seaborne premium hard coking coal prices in both fob DBCT and cfr Jingtang markets edged up on a daily basis on Friday November 20 although the ongoing restriction from China on Australian coal imports has caused a widening differential between the prices since late October. Fastmarkets indices Premium hard coking coal, fob DBCT: $98.40 per tonne, up $0.82 per tonne Premium hard coking coal, cfr J...Read More
The three-month copper and lead London Metal Exchange prices ended the week on the rise, hitting June-2018 and January-2020 highs respectively at the 5pm close on Friday November 20, capitalizing on momentum-based trading which pushed the whole complex up. The three-month copper price closed at $7,277.50 per tonne on Friday, up by 2.6% from Thursday's closing price of $7.093 per tonne, surpassing...Read More
The price for pig iron exports from Brazil went up again during the week to Friday November 20 on strong demand in both the export and domestic markets. Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $390-395 per tonne on Friday, up from $375 per tonne a week ago.A sale was done to Mexico at about $390-395 per tonne fob, sources said. The carg...Read More
The US Midwest aluminium premium moved higher on Friday November 20, with traders bullish - and reluctant to part with metal - due to tight supply, high freight and scrap costs, and recent news about the Boeing 737-Max and promising Covid-19 vaccines.Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 13.5-15 cents per lb on Friday, up by 5.6% from 13-14 cents per lb previously, w...Read More
Aluminium billet premiums in the United States and Europe rose to their highest levels since September 2019 on Friday November 20, while premiums in Brazil and Thailand maintained their stability.US premium pushes higherTight supply raises premiums in Germany, ItalyBrazil premium steady in quiet spot marketThailand premium flat, trading thin.US premium tightens upwardFastmarkets assessed the alumi...Read More