German steelmaker Salzgitter has started construction on a demonstration plant for the production of direct reduced iron (DRI) as part of its Salzgitter Low-CO2Steelmaking project, known as Salcos, the company said on Monday May 17. The plant will be supplied by equipment manufacturer Tenova, and is the first iron ore direct reduction plant designed to operate flexibly with natural gas and hydroge...Read More
Junior miners may soon suffer abreakdown of the short-term support line. So, what’s responsible for theirunderperformance of gold and stocks?Today’s technical part of the analysis isgoing to be brief, as I have discussed multiple things this week and mycomments remain up-to-date. There’s not much to add today, and we’ll go overonly one technical chart – the one where...Read More
China's will strengthen the exploration and development of its domestic iron ore resources and work to ensure that steel capacity cuts are fully observed, according to it economic planner. "Domestically, we will intensify the exploration and development of iron ore resources, accelerate the construction of new and ongoing iron ore projects, and improve consumption of recycled iron-steel materials,...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 18 that are worth another look.Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national...Read More
Mexican ferrous scrap prices were little changed for the week ended Friday May 14, with buyers and sellers heard making minor adjustments and getting prices closer to an average.Few price increases were reported in the Monterrey and Baj?-o regions, with some scrap buyers leveling their purchase prices with the market average."Demand for scrap continues [to be] very good in Mexico," a scrap de...Read More
A summary of base metal premiums from across the globe for the week to Tuesday May 18.Please click...Read More
The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next 30 years, BHP's chief executive officer, Mike Henry said this week.Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.He added that meet...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 18 that are worth another look.Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national...Read More
China's domestic magnesium price jumped by around 21% last week after producers in the country were forced to raise their offers due to increased production costs owing to a rapid rise in coal prices.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 20,000-22,000 yuan ($3,105-3,416) per tonne on Friday May 14, an increase of 2,700-4,600 yuan per tonne from 17,300-17,400 yuan...Read More
Zinc and tin futures prices on the London Metal Exchange reached new year-to-date peaks on Tuesday May 18, with the dollar index at its lowest since late February and recent developments in Latin America boosting other base metals prices as well. Zinc's three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15, 2018. It was also up 1.4% at the 5pm close...Read More
China's will strengthen the exploration and development of its domestic iron ore resources and work to ensure that steel capacity cuts are fully observed, according to it economic planner. "Domestically, we will intensify the exploration and development of iron ore resources, accelerate the construction of new and ongoing iron ore projects, and improve consumption of recycled iron-steel materials,...Read More
The zinc price set a new year-to-date high in the morning of Tuesday May 18 on the London Metal Exchange, with worries about the recent political developments in Peru creeping into investor sentiment, while a dollar at its weakest since the end of February pushed most metals prices up too. Zinc's three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15,...Read More
If you wanted advance warning before the paper silver scheme unravels, here ya go!by Chris Marcus of Arcadia EconomicsIf you wanted advance warning before the paper #silver scheme unravels, here ya go!While I don't have a date or know the timeline, in this conversation with gold and silver legends Bill Holter and Jim Sinclair we discuss why the paper silver scheme is unraveling now!FULL SHOW NOTES...Read More
How long can they keep this derivatives charade going?by Harvey Organ of Harvey Organ BlogMAY 17/SILVER BREAKS THROUGH $28.00 TO CLOSE AT $28.14//GOLD ALSO HAS A GOOD DAY UP $29.95 TO $1867.05//TONNAGE TONNAGE AT THE COMEX: UP TO 4.75 TONNES//SILVER OZ STANDING: 36 MILLION OZ//JUNE OI FOR 2021 HAS A HUGE 273,300 CONTRACTS REMAIN OPEN: WE WILL HAVE A DANDY JUNE 2021 GOLD TONNAGE STANDING FOR DELIVE...Read More
Could we see a correction first? by Steve St Angelo of SRSrocco ReportCould we see a correction first?FULL SHOW NOTES AND LINKS HERE Read More
Zinc and tin futures prices on the London Metal Exchange reached new year-to-date peaks on Tuesday May 18, with the dollar index at its lowest since late February and recent developments in Latin America boosting other base metals prices as well. Zinc's three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15, 2018. It was also up 1.4% at the 5pm close...Read More
German steelmaker Salzgitter has started construction on a demonstration plant for the production of direct reduced iron (DRI) as part of its Salzgitter Low-CO2Steelmaking project, known as Salcos, the company said on Monday May 17. The plant will be supplied by equipment manufacturer Tenova, and is the first iron ore direct reduction plant designed to operate flexibly with natural gas and hydroge...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 steady climb in copper prices since mid-2020 – and the more recent launch into the stratosphere – puts me in mind of Senator Gracchus in the film Gladiator. Specifically, his observation that fear and wonderment is a p...Read More
A summary of the first-quarter 2021 performance report for the Ramu Nickel-Cobalt integrated operation in Papua New Guinea, released on Tuesday May 18 by Canada's Nickel 28, which holds an 8.56% joint-venture interest in the project.In brief High cobalt and London Metal Exchange nickel prices, combined with stronger demand for mixed hydroxide product (MHP), positively impacted cash generation...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.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...Read More