Nickel's futures price on the London Metal Exchange plummeted by over 6% at the 5pm close on Wednesday March 3 following the news that Norilsk Nickel expects to stabilize flooding issues at two of its mines next week. The Russian company, the world's largest palladium and high-grade nickel producer, suspended operations at Oktyabrsky and Taimyrsky mines due to flooding from natural groundwater las...Read More

McClellan Financial Publications, IncPosted Mar 3, 2021Feb 26, 2021Liquidity is bullish for the stock market.It is even more bullish for small cap stocks and other types of issues which are more sensitive to liquidity.That is why indicators like the A-D Line are so useful for gauging the health of the liquidity pool.There are more small cap stocks than large ones, and so they have a bigger voice i...Read More

The European ferro-chrome market was supported over the week to March 2 on tight supply and strong demand from China where the market has been buoyed following a rise in tender prices, sources said.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe rose by $0.03 per lb Cr (2.5%) to $1.15-1.35 per lb Cr on Tuesday, from $1.12-1.32 p...Read More

Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period ended Friday February 26.February 26South African manganese miners have started to raise prices in line with rising costs, including those incurred amid severe weather.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by $0.12 week on week to $4.77 per dry...Read More

The precious metal has been dented by the prospect of US fiscal stimulus boosting the economy and inflation, prompting an earlier than expected interest rate rise.It was worth around $1,710/oz at the time of writing.Wall Street closed lower but the FTSE 100 was up almost 1% as it continued its recovery.Down Under, Australia's 3.1% rise in fourth quarter GDP cemented a strong recovery, ANZ Research...Read More

Domestic spot prices for ferro-chrome in China rose in the week to March 2, which supported the UG2 ore market, following an increase in ferro-chrome tender prices from China's leading stainless steel producers, sources said.Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel raised their high-carbon ferro-chrome tender prices for March delivery by 700 yuan ($108) per tonne from the prior m...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...Read More

The LME aluminium price has risen 25% since the beginning of October, with the metal currently trading at about US$2,150/t.Read More

Mantashe was addressing a panel discussion hosted by Fasken Law ahead of the Prospectors and Developers Association of Canada's 89th annual event this month, which is being held digitally for the first time due to the COVID-19 pandemic.Mantashe acknowledged South Africa's slide in terms of luring investors according to the Fraser Institute's annual survey of mining companies released last week.&nb...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

The Turkish steel mills have continued to hold back from deep-sea scrap purchasing activity and kept their focus on steel sales, market participants told Fastmarkets on Wednesday March 3.The latest transaction was recorded late on February 26, when a steel mill in the Marmara region paid $456 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20), which raised the daily scrap index for US-origin mate...Read More

Offer prices for bulk cargoes of steel scrap to China have continued to move upward in the past day, supported by price increases in China's local scrap market, sources told Fastmarkets on Wednesday March 3.Offers for Japanese heavy scrap (HS), which is equivalent to plate and structural (P&S) quality material, were heard at $510-515 per tonne cfr China on Wednesday.A Japanese trading house was he...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More

Nornickel said it would review restarting two nickel and copper mines in the Polar Division on March 9, which were partially suspended on February 24 due to flooding, Fastmarkets understands.The amount of production lost at the Oktyabrsky and Taimyrsky mines, which reportedly account for more than one third of Nornickel's Russian ore, is unknown, but nickel prices on the London Metal Exchange dipp...Read More

China's Tsingshan Holding Group has signed a one-year contract to supply nickel matte to Huayou Cobalt Co and CNGR Advanced Material Co, the stainless steel producer announced via its WeChat account on Wednesday March 3.Under the agreement, Tsingshan, which is China's largest producer of stainless steel, will supply 60,000 tonnes of nickel matte to Huayou and 40,000 tonnes to CNGR within a year, s...Read More

Share this article Pure Gold Mining Inc. [TSXV-PGM; LSE-PUR] provided an update on commissioning and ramp-up activities at its high-grade PureGold Mine in Red Lake, northwestern Ontario.Since pouring first gold in December 2020, commissioning at the mine has transitioned to full scale ramp-up of mining and milling operations with approximately 260 persons employed at the mine site.Performance has...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 3 that are worth another look.A crackdown on industrial activity in Tangshan, China's steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.Glencore has appointed BMO...Read More

The strength of the economic recovery in China in 2020 defied the expectations of most market observers. According to estimates by Fastmarkets, apparent consumption in the country rose by 9% in 2020 compared with a 12% fall in the rest of the world.Crucially, this increase in supply was a response to a boom in steel demand in the East Asian nation. In the first quarter of 2020, demand (or real con...Read More

The Texas power grid crisis wasn't an anomaly.It was a giant red flag wildly waving back and forth, warning us all of the state of the U.S. power grid.I'm not suggesting that power plants across the country will suddenly freeze and cause national blackouts. As I mentioned last week, Texas failed to winterize its power plants back in 2011 and way back in 1989 when similar deep freezes occurred.No,...Read More

Domestic prices for hot-dipped galvanized coil in Europe increased again over the week to Wednesday March 3, due to a material shortage combined with healthy demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe, was ?,?870-900 ($1,048-1,084) per tonne on March 3, up by ?,?20-30 per tonne week on week from ?,?...Read More