Activity in the export pig iron market out of the Commonwealth of Independent States was minimal in the week to Thursday October 8, although market participants reported some small-volume deals.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $346-360 per tonne on Thursday, widening from $350-355 per tonne a week earlier.There were two sale...Read More
China's hot-rolled coil prices surged on Friday October 9, as a result of buyers returning to the market to restock on the first day back after the eight-day Golden Week holiday.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($571-574) per tonne, up 70 yuan per tonne from Wednesday September 30Northern China (Tangshan) - weekly assessment: 3,780-3,830 yuan per tonne, up 60-100 yuan per tonneTr...Read More
China's hot-rolled coil prices continued to rise on Monday October 12 on news that the country's steelmaking hub of Tangshan would restrict steelmaking activity over the next six months.DomesticEastern China (Shanghai): 3,920-3,950 yuan ($585-590) per tonne, up 40-50 yuan per tonne The local government of Tangshan has ordered 28 out of 30 steel mills in the city to reduce their blast furnace opera...Read More
China's domestic rebar prices surged on Monday October 12 after local authorities in the country's steel hub of Tangshan in the northern region confirmed steelmaking restrictions for the next six months.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($554-558) per tonne, up by 50 yuan per tonneA total of 28 out of 30 steel mills in Tangshan are required to cut their blast furnace operating rat...Read More
Canadian minor metals and speciality chemicals producer 5N Plus has entered the additive manufacturing market, also known as the 3D printing market, as a supplier of high-performance engineered powders, the company has told Fastmarkets."As a new entrant to the market, 5N Plus will initially focus on the technologically challenging and smaller markets within micro-electronics and semiconductor appl...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 standard grade,...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 process it applies. Fastmarkets assessed...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday October 12, but sentiment has turned more bullish, especially in aluminium, since China returned from its Golden Week holiday. Expectations for extra stimulus in the United States have kept equities buoyant. China's markets underpinned by steady recovery and by the fact it appears to have...Read More
Cobalt prices and payables held steady in the first full week of October trading, with sellers holding out to sell higher while waiting for further cues on intermediates restocking from China after the country's October 1-8 Golden Week holiday.Fastmarkets' cobalt hydroxide indicator, min 30% Co stood at 77.5-78.5% last Friday October 9, unchanged since September 23, while the cobalt hydroxide inde...Read More
German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on Monday October 12.Last week, several reports appeared in the global press indicating that Thyssenkrupp has initiated a sale process for AST.Thyssenkrupp, however, denied such speculation. "At t...Read More
Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More
Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months. The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price...Read More
Chakana Copper (TSXV: PERU; US-OTC: CHKKF) has launched a fully-funded, 15,000-metre drill program at its Soledad copper-gold-silver project in Peru, with a target date of March 2021 to release its first resource estimate.Soledad is in the country's Ancash district, 35 km southwest of Barrick Gold's (TSX: ABX; NYSE: GOLD) Pierina gold mine and 260 km northwest of Lima. Gold Fields (NYSE: GFI) inve...Read More
Prices for imported rebar in Singapore remained stable in the week to Monday October 12 due to no spot activity and limited demand from buyers, sources told Fastmarkets.Offers for Turkish rebar fell by $5-10 per tonne to $465 per tonne cfr Singapore on a theoretical weight basis from $470-475 per tonne cfr Singapore the previous week.The lower offers were due to falling scrap prices in Turkey, whi...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootAs the owner of a near-priceless royalty paid by BHP on a part of its Pilbara iron ore operations in the north of Western...Read More
Macquarie Group Ltd. has vaulted to second place for dealmaking in Australia and New Zealand after advising on gold miner Northern Star Resources Ltd.'s acquisition of Saracen Mineral Holdings Ltd. this week.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday October 13 that are worth another look.The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for...Read More
Aluminium premiums in the United States and Europe fell in the week to Tuesday October 13, with a narrowing cash/three-month contango on the London Metal Exchange and a backwardation on the December/three-month spread incentivizing market participants to sell off metal.Narrow LME spreads bring Rotterdam premium down 10% week on week.US Midwest premium also drops on narrowing contango.Main Japanese...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 13.Please click...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 13, 2020 Both US political parties enjoy referring to their horrifying debt and money printing programs as “economic stimulus”.They sound like characters in a George Orwell novel, which is quite disturbing. Of course, their insane actions are great news for gold.Please cli...Read More