Ferrous scrap exports from the United States shot up by 26.6% month on month in October amid a surge in shipments to Turkey, Bangladesh and Mexico.US exports of ferrous scrap totaled 1.49 million tonnes in October, up from just shy of 1.18 million tonnes in September and 1.87 million tonnes August.Shipments to Turkey, the top buyer of US ferrous scrap, rose by 93.1% to 365,237 tonnes from 189...Read More
The United States' ferrous scrap export market remains robust, with East Coast recyclers again raising prices in a bid to attract scrap while they compete with domestic mills for raw material.After a series of modest $5- and $10-per-gross-ton increases in recent weeks, No1 heavy melt prices jumped by $15 to $20 per ton at East Coast exporters over the past week.Exporters had been trying to ke...Read More
Turkish steel mills continued to book deep-sea scrap cargoes for February shipment at increasing prices, which are being driven up by improving steel and billet values, sources said on Wednesday December 9.A steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) and 15,000 tonnes of a mixture of bonus, busheling and plate & structural (P&S) at an...Read More
Seaborne iron ore trading was limited on Wednesday December 9, however, lump prices performed well amid active trading at ports and less pellet supply, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $150.16 per tonne, up $1.81 per tonne62% Fe low-alumina fines, cfr Qingdao: $149.81 per tonne, up $1.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $13...Read More
Seaborne coking coal prices in the cfr market jumped on Wednesday December 9 due to relatively tight supplies for steel mills in China, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.81 per tonne, down $0.27 per tonnePremium hard coking coal, cfr Jingtang: $176.55 per tonne, up $7.03 per tonneHard coking coal, fob DBCT: $92.56 per tonne, down $0...Read More
London Metal Exchange nickel, zinc and tin prices hit new 2020 highs on the morning of Wednesday December 9, with the base metals complex upbeat due to new proposals for a US Covid-19 stimulus package and the dollar index remaining low. Zinc's three-month price was up 1.9% at $2,852.50 per tonne on Wednesday from Tuesday's closing price of $2,799.50 per tonne. This price set a new high for 2020, a...Read More
The base metals remain upbeat this morning, Wednesday December 9, with all the metals on the London Metal Exchange in positive territory on hopes that a US stimulus package may be on the way.The potential headwinds - political tensions between the United States and China, a no-deal Brexit and the continuing out of control spread of the virus, are for now taking a backseat. China's consumer price i...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 2.Key drivers Ferro-titanium has jumped to a peak last seen in May 2013, with the price again reaching $6.90 per kg ddp, with consumer demand reported out as far as February on limited output.A crunch in scrap supplies in the past few months is fueling a rally in scrap prices and that, in turn, is pushing up...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt hydroxide p...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
Aurubis, Europe's biggest copper producer, posted improved earnings in its latest annual results, largely thanks to higher scrap refining charges (RC) since its acquisition of recycling firm Metallo in May 2020. For its financial year to September 30. 2020, Aurubis' operating earnings before taxes (EBT) grew by 15% to ?,?221 million ($268 million) year on year, the company said...Read More
Co-operation agreements covering the Valentine gold project have been signed by Marathon Gold Corp. (TSX: MOZ) and six nearby central Newfoundland communities. Agreements have been signed with Buchans, Buchans Junction, Millertown, Badger, Grand Falls-Windsor, and Bishop's Falls.These communities will benefit from the anticipated socio-economic impact of the Valentine project. They will be offered...Read More
As developer Sabina Gold and Silver prepares to release a feasibility study on its Goose mine gold project in Nunavut in the first quarter, the company has also released eight final drillhole assays from its 8,000-metre program at the Goose property. These results appear to expand existing areas of mineralization and suggest new gold zones.The drill highlights include 43.7 metres of 3.74 grams g...Read More
Skeena Resources (TSX: SKE; OTCQX: SKREF) is pleased with the latest results from the former-producing Eskay gold mine. The best assay was 20.68 grams gold per tonne and 5 grams silver over 11.78 metres in hole SK-20-456.These core results come from the company's Phase 1 combined campaign of definition and exploration drilling at the project located in the Golden Triangle of B.C.The same campaign...Read More
"The path to economic recovery will be long and slow," says Intl FCStone metals analyst Natalie Scott-Gray. Demand for base metals outside China is not expected to recover back to 2019 levels until 2022 or 2023 due, in large part, to the impacts of the Covid-19 pandemic on the global economy.Although the U.K. is already administering vaccinations for Covid-19 and multiple vaccines are forecast t...Read More
Hollow steel sections prices moved higher in Europe this week due to continued rises in feedstock costs and tight supply of material, sources told Fastmarkets on Wednesday December 9.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?700-720 ($847-872) per tonne on Wednesday, up from ?,?680-700 per tonne a week earlier.The availability of hot-roll...Read More