An overview of the consumers electronics markets and their latest price moves.Read More

RAPAPORT... Kering's jewelry brands performed well in the third quarter of 2020 amid a recovery in the luxury-goods market in the Asia-Pacific region."Despite their significant exposure to Western Europe and Japan, the jewelry houses held up well," the luxury group said last week.Sales were bolstered by the growth of the group's Boucheron brand in Asia Pacific as demand in the region began to rebo...Read More

Copper miner KAZ Minerals is set to be taken into private ownership after its largest shareholders, including Vladimir Kim, offered $2.47 billion to buy out the rest of the company's stakeholders.The bid of 640 pence ( ?6.40, $8.34) per share is being led by the company's chairman, Oleg Novachuk, and Kim, Kazakhstan's richest man. Kim was a non-executive director and chairman of the company when i...Read More

The three-month nickel price on the LME was weaker at the close of trading on Wednesday October 28, down by more than 1% against spread tightness and selling pressure, in addition to a steady rise in the US dollar index.London Metal Exchange lead futures, meanwhile, bucked the downward trend to end the day as the only positive close. Nickel's outright price on th...Read More

Nickel premiums in all global regions were static in the week to Tuesday October 27 due to a high London nickel price and low arbitrage opportunities. China sees minimal trade with importing incentive still low.  European trade inhibited by higher London Metal Exchange prices and lower contango.  Spot trade subsides in the United States after a burst last week. Wider arb loss limits Chi...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 28.Please click...Read More

A summary of the third-quarter results for 2020 from Eramet published on Wednesday October 28. Eramet sales fell in the third quarter of 2020 due to a sharp decline in raw materials sales prices, with manganese ore prices falling by 26% and ferro-nickel prices down 17%.Nickel ore prices, meanwhile, were up 35%.Manganese alloy production and sales fell by 1.6% to...Read More

US President Donald Trump has signed a proclamation ending the 10% duties on Canadian aluminium entering the country, under the condition imports do not surge in the coming months. The proclamation on Tuesday October 27 follows an announcement from the US Trade Representative (USTR) on September 15 ending Section 232 tariffs on Canada which had just been reimposed in August. Similarly to that...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The long-awaited study for the Black Butte project in Montana, held by 85%-owned subsidiary Sandfire Resources America, outlined capital costs of US$274.7 million for an eight-year, 1.Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootTaseko produced 29Mlb copper from its flagship 75%-owned Gibraltar mine in British Columbia, 12.4% less year-on-year as av...Read More

Brazilian flat and long steel producer Gerdau is optimistic about the country's steel demand in 2021, chief executive officer Gustavo Werneck said on Wednesday October 28."We are foreseeing a growth of steel demand somewhere between 6-8% [in 2021] compared with 2020," Werneck said. Brazilian apparent steel consumption is expected to fall by 4.7% this year, to 20 million tonnes from 20.98 million t...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Cobriza has capacity to produce 20,000 tonnes per year of copper concentrate, which also contains silver. It suffered a run of serious incidents in 2019 including worker deaths and tailings spills.Read More

The steel industry must innovate further and look to other sectors for solutions, Tata Steel chief executive TV Narendran said during Fastmarkets' Steel Success Strategies 2020 virtual conference on Wednesday October 28.Traditionally, the industry has been more focused on continuous improvement than on innovation, Narendran said, having pushed for efficiency improvements and incremental performanc...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the main part firmer this morning, Wednesday October 28, this despite early weakness in major western equity index futures that were suffering because parts of Europe look set to escalate lockdown measures.* France is reportedly contemplating a one-month nationwide lockdown* Nickel prices surge as a nickel...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsThe partners are the first to drill-test the deposit and this week said they were "encouraged" by the results, which included intercepts of 65m gradi...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Some 78% of the 7.5 million people who cast their ballot voted for the change, a referendum which was agreed by the Sebastian Pinera government in November last year after mass protests against inequality. This was the highest election participation since the 1989 election which brought an end to military rule....Read More

Domestic prices for heavy steel plate went down in Europe in the week to Wednesday October 28 due to poor demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?450-465 ($532-549) per tonne on October 28, down by ?,?5-10 per tonne from ?,?460-470 per tonne.The assessment reflected offers and achievable prices heard i...Read More

Domestic prices for hot-rolled coil in Northern Europe have increased both day on day and week on week, supported by good order books among the region's steelmakers and a lack of overseas alternatives, market sources told Fastmarkets on Wednesday October 28.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.00 ($596.70) per tonne on Wednesday, up...Read More

The price of mesh-quality steel wire rod has been broadly stable in Southern Europe over the past week, despite reduced buying activity caused by growing uncertainty over further Covid-19 lockdowns in the region. Short supplies and good producer order books were supporting prices, sources told Fastmarkets on Wednesday October 28.Fastmarkets' weekly price assessment for steel wire rod (mesh-qu...Read More

U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 52 points in pre-opening trade.This morning Bank of Canada is scheduled to release on update on the Canadian economy. No change in its 0.25% lending rate charged to major Canadian banks is anticipated.Microsoft slipped $0.41 to $212.84 despite reporting higher than consensus third quarter sales and earnings.Un...Read More