Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.ChinaSeaborne low-grade manganese ore prices were little changed in the week to July 2, while the market for high-grade manganese ore strengthened again after buyers accepted elevated prices for August-shipment material which was first offered late last week.Portside market softened with buying acti...Read More

Tesoro's stock rose from below 2c in February 2020, after it was backdoor listed via a tech shell, and peaked at above 30c in September, and is still trading around 15c after dozens of positiveRead More

An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More

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

Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vi...Read More

The price of 18/8 (grade-304) stainless steel scrap in UK and Europe was unchanged this week because of relatively stable nickel costs, Fastmarkets heard on Friday July 2.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,200-1,250 ($1,655-1,724) on July 2, unchanged week on week.The three month London Metal Exchange price of...Read More

Jul 02, 2021 Guest(s): Cameron Chell executive chairman of CurrencyWorks Digital, state-issued currency is the "inevitable" next step of our economic evolution, says Cameron Chell, executive chairman of CurrencyWorks, who concedes it can be a "scary proposition."Speaking to Michelle Makori, editor-in-chief of Kitco News, Chell said that digital dollars, which fundamentally function differently a...Read More

Turkish deep-sea scrap import prices fell at the end of the week after a fresh cargo from the Baltic Sea came to light, market participants told Fastmarkets on Friday July 2.A steel mill in the Izmir region booked the Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $495 per tonne and 5,000 tonnes of bonus at $510 per tonne cfr, late on Thursday July 1.This was fourth the deep-sea...Read More

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday July 2, and were looking quite divergent. Base metalsLME three-month copper ($9,314 per tonne) and aluminium ($2,516 per tonne) were up by 0.5% and 0.3% respectively, while the rest were down by an average of 0.3%, led by a 0.7% fall in nickel ($17,970 per tonne). In recent days,...Read More

Share this articleVANCOUVER - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) and Roxgold Inc. (TSX: ROXG | OTCQX: ROGFF) reported the completion of the previously announced business combination between Fortuna and Roxgold to create a global premier growth-oriented intermediate gold and silver producer.Jorge A. Ganoza, President and CEO of Fortuna, commented, "The successfully completed busines...Read More

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

The global battery-grade lithium complex was steady over the week ended Thursday July 1, with market participants broadly optimistic about lithium hydroxide price momentum and citing tight feedstock availability. Battery-grade lithium hydroxide prices in Asia were steady against a backdrop of rising spodumene costs.  Trader restocking supported the domestic Chinese lithium carbonate price at...Read More

We spoke with George Salamis, President and CEO of Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG), a development-stage mining company, focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project, in Idaho, USA. The DeLamar project has a resource of 4.4 million ounces of gold equivalent (all categories), a very robust PEA, 10-year mine life, and a very low...Read More

The price of technical-grade lithium carbonate in China rose for the second time since mid-June this week, amid active trader restocking, thereby improving sentiment in the battery-grade chemicals market, sources told Fastmarkets.Fastmarkets' lithium carbonate 99% Li2CO3 min, technical and industrial grade, spot price range exw domestic China edged up to 79,000-80,000 yuan ($12,189-12,344) per ton...Read More

Prices for flat-rolled steel products imported into South America were down in the week ended Friday July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $990-1,000 per tonne on Friday, down by $20-80 per tonne in...Read More

Last Friday, June 25, for the inaugural trade in our Options Action Fridays series, I recommended you buy a VanEck Vectors Semiconductor ETF (NASDAQ: SMH) July 2021 $260.00 call(s) that expires on July 23, 2021.This trade has played out perfectly for us, and we sold our SMH call for a nice 56% gain in Tuesday's issue. But if you missed that sell alert, you still have a chance to cash out for a nic...Read More

Hot-rolled and cold-rolled coil prices decreased in Turkey during the week ending Friday July 2 before the long holiday starts in the country on July 15, sources told Fastmarkets.July 15 is Democracy Day in Turkey and July 19-24 will be the Ei al-Adha holiday, so market participants expect reduced activity in the second half of July.Low priced sales from Russia to several destinations during the w...Read More

A flurry of low-priced transactions for Russian hot-rolled coil into Vietnam during the week to Friday July 2 has shocked market participants in Asia, causing prices to fall and depress sentiment, sources told Fastmarkets.The deals follow Russia's announcement on June 24 that it would impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union from Aug...Read More

Domestic steel rebar prices in Poland were broadly flat in the week to Friday July 2, with local mills being largely sold out for July rolling and mulling new rises for August, sources have told Fastmarkets.Major domestic rebar producers in Poland were reported to have no July volumes remaining.Demand in the local market continued to be strong, despite rebar prices being at historic highs, driven...Read More

Domestic prices for steel wire rod in Poland have strengthened over the past seven days, supported by good demand and limited supply, sources told Fastmarkets on Friday July 2.Demand for wire rod in Poland was still good in the week to Friday, although the rise in prices put pressure on trading activity. Buyers were struggling to open or maintain credit lines, or to get credit insurance, due to th...Read More