Domestic hot-rolled coil prices in China increased further on Friday September 10, hitting their highest levels since the start of August, with the expectations of tougher curbs on production supporting market sentiment.DomesticEastern China (Shanghai): 5,850-5,920 yuan ($909-920) per tonne, up by 30-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,780-5,830 yuan ($898-906) per ton...Read More

Fastmarkets' Ferrous Analytics report helps subscribers...Read More

According to the wealth of historical market data we have at our disposal, September is typically one of the worst-performing months of the year for the stock market. Investors call it the "September swoon."The September downtrend was first identified in a book called The Stock Trader's Almanac, authored by Jeffrey Hirsch and Christopher Mistal. If you don't own a copy, I highly suggest picking o...Read More

Domestic steel wire rod prices in Poland declined slightly in the seven days to Friday September 10, affected by cheaper imports and a downtrend in raw materials prices, source told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 4,050-4,100 zloty ($1,056-1,069) per tonne on September 10, down from 4,100-4,180 zloty per tonne s...Read More

Domestic steel rebar prices in Poland have narrowed downward slightly over the past week under pressure from cheaper imports, but robust construction activity and strong order books at producers were expected to prevent prices from collapsing, sources told Fastmarkets on Friday September 10.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 4,000-4,050 zloty...Read More

Following a downtrend that began in mid-June due to soft demand, the market for pig iron imports in the United States stopped falling during the week to Friday September 10 because suppliers have sold large tonnages, mainly to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, widening upward from $530-535 per tonne cfr a week before....Read More

Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More

Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More

Unless you've been living beyond the hinterlands, you've been blitzed by 5G ads by now, I'm sure.The biggest beneficiaries of 5G tech so far? The marketing staff of phone makers and carriers.Here's the thing though. The numbers are in, and 5G - for lack of a better term - kinda sucks.Here's the thing about THAT though - it's good for us.The marketing blitz for 5G from the big names in the business...Read More

There is an old saying in the investing world in regards to figuring out which way the economy is going to go. That saying is that a person should always watch the price of copper because copper is the first metal to fall in price when there is a recession coming and the first to rise in price when times are getting good. Of course this saying goes back to when everything was related to housing be...Read More

Dec 10, 2020 Guest(s): Thomas Kaplan CEO, Electrum Group For the first time in 20 years, Thomas Kaplan, CEO of Electrum Group, has launched a new public silver producer. In an exclusive interview with Kitco News, Kaplan talks about his silver and gold projects and his outlook for the precious metals.In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which rais...Read More

Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More

The London Metal Exchange three-month nickel price rallied 4% and four metals in the base metals complex - tin, nickel, copper and zinc - set new 2020 highs during trading on Thursday December 10 on rising expectations for the approval of a Covid-19 vaccine in the United States. The three-month nickel price was at $17,430 per tonne on Thursday at 5pm, 4.35% higher than its Wednesday evening price...Read More

Hydro will be looking to strengthen its position in low-carbon aluminium as part of its 2025 strategic direction, the producer said during its capital markets day on Thursday December 10. The producer said over the past year it has seen increased demand for its low-carbon brand products, Hydro CIRCAL and Hydro REDUXA, and greater demand is expected also in 2021. "We have generated cash, cut costs...Read More

Bob Moriarty ArchivesDec 10, 2020I got a call yesterday about something else but was told something that concerned me greatly. Along with the rest of the industry, I have believed that as the summer drill programs ended in the US and Canada that assay labs would soon catch up. Well, it is not going to happen. Like many others I was under the impression the labs had just not geared up for all the i...Read More

New York-based BlackRock, which has about US$7.Read More

The mandate is to identify and support further innovation in the sector, provide training for workers to adapt to new technologies, and establish regulatory excellence, environmental management and low-carbon approaches."We're at a crucial point in time when it comes to growing the mining sector in BC," said the newly reconfirmed Energy, Mines and Low Carbon Innovation minister Bruce Ralston durin...Read More

Vancouver, BC, Canada, December 10, 2020 - LEAF Mobile Inc. (TSX.V: LEAF), announces that the special meeting of its shareholders, originally scheduled for December 11, 2020, will be cancelled.However, LEAF still intends to proceed with its previously announced acquisition of all of the outstanding securities of ESG (the "Acquisition"). LEAF intends to obtain minority shareholder approval by wa...Read More

Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More

Key data from Fastmarkets' pricing session in London on Wednesday December 9. Key drivers  Higher offers from China brought replacement costs up rapidly. Traders in Europe reported difficulty finding material, especially for antimony max 100 ppm Bi, below $6,400 per tonne for prompt delivery. Offers for delivery in...Read More