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LIVE FUTURES REPORT 30/04: LME tin, copper prices surge by 14% in April despite dimmer closing prices

May 01, 2021 / www.metalbulletin.com

While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More

COPPER CONCS SNAPSHOT: TC/RCs at one-month high with buying consistently above $30 / 3c

May 01, 2021 / www.metalbulletin.com

Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More

NEW ENERGY MATERIALS MARKET REPORT 30/04: Asia hub battery-grade lithium prices continue to strengthen

May 01, 2021 / www.metalbulletin.com

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

Danakali raises A$20.3M to fund Colluli works

April 30, 2021 / www.mining-journal.com

The stock started 2021 at levels around 30c.Read More

Venzee Technologies Files Annual Results and Provides Corporate Update

April 30, 2021 / kincommunications.com

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), a smart tech Software as a Service ("SaaS") platform providing infinite scale for consumer brands to send product data to any retailer, today announced financial results for the year ended December 31, 2020. The audited financial statements and related Management's Discussion and Analysis ("MD&A") can be vi...Read More

Gold Investment Stabilizing

May 01, 2021 / www.321gold.com

Adam HamiltonArchivesApr 30, 2021Gold investment capital flows are a primary driver of gold-price trends, fueling both major uplegs and corrections. Massive outflows from dominant gold exchange-traded funds really intensified gold's recent extended correction into early March. But gold's young upleg since has increasingly dampened that mass exodus of American stock traders. Stabilizing gold invest...Read More

GLOBAL FERRO-SILICON SNAPSHOT: Environmental regulations fuel Chinese domestic price rises

May 01, 2021 / www.metalbulletin.com

Key data from Fastmarkets' Friday April 30 pricing sessions in China, Europe and the United States.China Fears of production cuts in Ningxia due to its energy-conservation and emission-reduction ambitions, coupled with the rise of electricity fees in Inner Mongolia, added to the tight availability of ferro-silicon. Active deals and inquires, along with the bullish ferro-silicon futures, all underp...Read More

PolyMet and opponents both claim legal win

April 29, 2021 / www.mining-journal.com

The company said the Minnesota Supreme Court had resolved a key legal challenge to the permit to mine and dam safety permits, overturning a lower court decision that had ordered an open-ended contested case hearing and instead limiting the contested case hearing to one specific, narrow issue.This was the effectiveness of bentonite clay capping for the eventual closure of the tailings basin and Pol...Read More

COPPER CONCS SNAPSHOT: TC/RCs at one-month high with buying consistently above $30 / 3c

May 01, 2021 / www.metalbulletin.com

Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More

GLOBAL MANGANESE SNAPSHOT: Seaborne ore prices resume decline; port prices edge higher

May 01, 2021 / www.metalbulletin.com

Key data from Fastmarkets' Friday April 30 pricing sessions in China, India, Europe and the United States. China  Lower offers for seaborne manganese ore prices led the seaborne ore markets to resume their steady downtrend after a short-lived bounce the previous week.  Portside low- and high-grade manganese ore markets rose with smelters looking to replenish feedstock ahead of the Labor...Read More

NEW ENERGY MATERIALS MARKET REPORT 30/04: Asia hub battery-grade lithium prices continue to strengthen

May 01, 2021 / www.metalbulletin.com

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

STEEL SCRAP WRAP: Turkish prices boosted by billet demand in Asia

May 01, 2021 / www.metalbulletin.com

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More

China's spot blister RCs at 2.5-year high on ample domestic supplies, scrap inflows

May 01, 2021 / www.metalbulletin.com

China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago.  Few tonnages were sold and offered in the $180s...Read More

UK STEEL SCRAP WEEKLY: Light iron market consolidates gains on solid fundamentals

May 01, 2021 / www.metalbulletin.com

Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.Suppliers were looking ahead to negotiations to settle monthly deliveries into domestic consumers in May, they added.Fastmarkets' latest price assessment f...Read More

My "Spidey-Sense" Says Something Is About to Give Way With Bitcoin

April 30, 2021 / www.energyandcapital.com

When Bitcoin (BTC) soars to its next level of incredible highs around $125,000, a lot of people are going to make A LOT of money.You can be one of them.The world's most popular cryptocurrency's price was only breaching $55,000 per token earlier this week.Coinmarketcap.comAs you can see in the chart, we've successfully bounced off the $45,000-$47,000 support level twice now since February. We've al...Read More

NEW ENERGY MATERIALS MARKET REPORT 30/04: Asia hub battery-grade lithium prices continue to strengthen

May 01, 2021 / www.metalbulletin.com

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

SPODUMENE SNAPSHOT: Price edges higher on persistent tight supply

May 01, 2021 / www.metalbulletin.com

Key data from Fastmarkets' monthly pricing session in London and Shanghai on Wednesday April 28.Key drivers Supply constraints in Australia persisted, with the Altura project remaining on care and maintenance, and no ramp-up of output expected in the...Read More

GLOBAL LITHIUM WRAP: Tight availability, feedstock price spike underpin Asian hydroxide prices

May 01, 2021 / www.metalbulletin.com

Tight spot supply and the upward momentum of lithium raw material prices continued to support lithium hydroxide prices in Asia in the week to Thursday April 29.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets edged up amid tight availability and robust demand. The battery-grade lithium carbonate price in China continued its marginal downturn amid a sup...Read More

South America flat steel import prices rise, hit temporary ceiling

May 01, 2021 / www.metalbulletin.com

South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.The majority of the assessments increased slightly, but the top end of the ranges were lower or unchanged, depending on the product.The increases com...Read More

EUROPE HRC: Domestic prices rise above Eur1,000 per tonne in north

May 01, 2021 / www.metalbulletin.com

Domestic prices for hot-rolled coil in Northern Europe have gone up to more than ?,?1,000 ($1,212) per tonne ex-works because of the continuing material shortage and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,007.14 ($1,221.03) per tonne on Friday April 30, up by ?,?18.81 per tonne from ?,?988.33 per...Read More

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