Earlier this week, numerous Democratic voters in Florida received threatening emails that were apparently sent by a right-wing white supremacist group.But a few days ago, the Director of National Intelligence, John Ratcliffe, and the FBI held a press conference saying that Iran was behind the emails.So apparently, it was all just another attempt at election interference that follows similar effort...Read More
The three-month prices of all base metals on the London Metal Exchange had fallen by the close of trading on Friday October 30, with aluminium being the only exception.Leading the pack, the three-month nickel price lost 2.6% to close at $15,150 per tonne after seeing turnover of a little more than 10,475 lots.The LME three-month copper price lost 0.5% to close at $6,707.50...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
The London Metal Exchange will finalize the last stage in the relaxation of its queue-based rent capping (QBRC) rule on Sunday November 1, when the rule moves to 80 days full rent.The threshold has been extended under a phased implementation over the past nine months. It began on February 1, 2020, when the rule moved to 50 days full rent, from the original rule of 30 days full rent and 20 days hal...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
Bob Moriarty ArchivesOct 30, 2020I don’t know how many juniors there are between the Vancouver and Toronto markets. I’m not even sure anyone else knows other than perhaps some bean counter with the TSX. I do know there are far too many for me to keep up with. So when someone calls me up and wants to advertise, I will do some basic due diligence but frankly it’s very hard to keep...Read More
Ray Mennin has joined United States-based commodities trading company and agent Toroza as vice president, Fastmarkets learned.Mennin previously worked as an assistant portfolio manager...Read More
The group is concerned about the investment risks in light of Rio Tinto's destruction of the 46,000-year-old Juukan Gorge caves in Western Australia's Pilbara region in May.Read More
Spot copper concentrate treatment and refining charges (TC/RCs) dipped marginally while the market began annual contract negotiations at a price level where the benchmark may settle, Fastmarkets heard.Smelters are still actively buying clean tonnes at and just below $50 per tonne/5 cents per lb, with a premium on certain qualities of material rather than just the percentage copper grade, sources s...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 30.China Weakening portside ore prices and historically high port inventories continued to put downward pressure on the market for low-grade seaborne manganese ore. The market for higher grade ore ticked down now that contract negotiations are underway with sellers looking to uphold their...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
Adam HamiltonArchivesOct 30, 2020 The gold miners' stocks have mostly been correcting in recent months, after blasting higher with gold last summer. While this necessary and healthy selloff to rebalance sentiment likely isn't over yet, this sector is entering its strongest seasonal rally of the year. That portends big gains in coming months as the next bull-market uplegs in gold and its miners' st...Read More
The fifth plenary session of the 19th Central Committee of the Communist Party of China has concluded with the release of the 14th Five-Year Plan, which will chart China's development path in 2021-2025. More details of the country's Five-Year Plan are expected to be released from Friday October 30 onward. The session listed 12 key steps with which China would achieve a set of long-term goals by 20...Read More
Global steel scrap prices have risen or remained firm over the week to Friday October 10, following a strong purchasing trend across all markets.Turkey continues to book large volumes of cargoes.US prices up on both coastsTaiwanese buyers look for domestic supplyVietnam looks toward US-origin cargoesIndia prices firm on tight supply.TurkeyTurkish steel mills have booked as many as 10 bulk cargoes...Read More
Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.A...Read More
The price of shredded steel scrap imported into India moved up on Friday October 30 as a result of tight material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $321.21 per tonne on Friday, up from $316.16 per tonne one week earlier.Deal prices heard during the week were in the range of $322-324 per tonne, up from $...Read More
China's spot refining charge (RC) for blister copper increased over October on lower buying appetite due to an expected inflow of scrap now that recyclable copper raw materials can be imported into the country from next week, sources said on October 30.Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $150-160 per tonne on October 30, narrowing higher on the low end from $140-16...Read More
Share this articleVANCOUVER - Teck Resources Ltd. says it has been ordered by Environment and Climate Change Canada to improve the quality of water affected by two of its coal mining operations in B.C.'s Elk Valley.The company says in a statement the direction to Teck Coal Ltd. from the federal government is under the Fisheries Act and doesn't resolve potential charges that it had previously been...Read More
Despite big jumps seen in physical gold bullion and ETF inflow, the world's total demand for gold fell during the third quarter to its lowest level since 2009 according to a new report by the World Gold Council.The WGC reports the demand for physical gold bars and coins increased in the third quarter by 49% compared to the same quarter in 2019, with Western investors being particularly strong buye...Read More
Lithium-ion battery recycling activity could increase to 2.6 million units between now and 2030, and could return thousands of tonnes of key raw materials to the battery supply chain, delegates heard at Fastmarkets' latest Lithium Supply & Markets conference.A total of 46,300 tonnes per year of cobalt, 40,000 tpy of lithium, 27,000 tpy of manganese and 125,000 tpy of nickel could be efficiently re...Read More