An overview of the minor metals markets and their latest price moves.Read More
Korea Zinc will stop refining selenium as a byproduct of copper ore now that market levels have made it unprofitable, the company confirmed to Fastmarkets."We are stopping selenium production temporarily due to poor market conditions. We have been losing money for a while with this metal," Kris Hans, assistant sales manager at Korea Zinc, said."We will resume production in a healthier market, but...Read More
The price of stainless steel flat products in the European domestic market was unchanged this week ahead of an expected, but moderate, rise in monthly surcharges for February, sources told Fastmarkets on Friday January 24. Finland's Outokumpu announced that it will raise the alloy surcharge for grade-304 stainless steel flat products for February by ?,?11 per tonne month on month to ?,?1,448...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 24. Europe The high-carbon ferro-chrome market rose strongly with some producers reporting increased demand from some end consumers. Production cuts have led to a shortage of lower-priced material to parts of the market, while an increase in offer prices for Indian material has c...Read More
Demand dipped in Asia's ferrous scrap markets in the lead-up to major holidays in Vietnam and Taiwan, with steel mills scaling back purchases in preparation for the Lunar New Year.The downward trend for global scrap prices also dampened buying sentiment. Buyers have withdrawn from the market to wait for prices to bottom out.VietnamFastmarkets' weekly price assessment for bulk cargoes of steel scra...Read More
There was thin spot liquidity in the Singapore rebar import market this week due to the looming Lunar New Year holidays.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $455-465 per tonne for the week to Friday January 24, unchanged from a week earlier.There were n...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company operates there, ending a long-running tax dispute and setting a template for negotiations with other firms.The arrangement comes three months after the two parties reached an agreement in which Barrick accepted to pay US$300 million to settle outstanding tax...Read More
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The prolonged bear market and weak macro-environment continue to erode investor confidence in the primary uranium producers, which in some cases have curtailed output to trim operating costs and stem losses.Market stresses on uranium producers...Read More
In a letter to CEOs going to Davos, the World Economic Forum urges them to set a net-zero target of 2050 and to disclose their emissions publicly.Read full newsRead More
Precious metals and miners are consolidating before their next advance. Gold could reach $1700+ by March, and we see explosive potential in silver.Read full newsRead More
Precious metals and miners are consolidating before their next advance. Gold could reach $1700+ by March, and we see explosive potential in silver.Read full newsRead More
"CORRECTED (OFFICIAL)-Russia's Potanin buys partner's stake in copper and gold mine near China https://t.co/RQwgauPJ4b"Read full newsRead More
"CORRECTED (OFFICIAL)-Russia's Potanin buys partner's stake in copper and gold mine near China https://t.co/Fn1ATp3J5E"Read full newsRead More
"$IBKR - Interactive Brokers Posts A Solid Quarter Despite Increasing Industry Competitiveness. https://t.co/tfaxZCxpHf #stockmarket #business #investing"Read full newsRead More
"$CVTI - Covenant Transportation Group's (CVTI) CEO David Parker on Q4 2019 Results - Earnings Call Transcript. https://t.co/1FDzbpwJyv #investing #stocks #business"Read full newsRead More
"$TSLA - Tesla's European Model 3 Sales To Decline By 60% In January Based On Registration Data. https://t.co/gYvJAjc50w #finance #business #markets"Read full newsRead More
"$WTBA - West Bancorporation, Inc. (WTBA) CEO Dave Nelson on Q4 2019 Results - Earnings Call Transcript. https://t.co/erupVxdtQg #finance #stockmarket #investing"Read full newsRead More
"@HenrikZeberg No problem Hank --- Your charts & opine on gold have me following you & so you have my respect.I have yet to conclude your incorrect."Read full newsRead More
"@HenrikZeberg I not exactly bearish the USD === in fact -- it hasn't buckled on my chart.But I do find it interesting that GOLD is rising higher at the same time. Since 65% of all global debt in USD --- if rates begin to rise -- USD demand to cover will go thru the roof and thus be bid up."Read full newsRead More
"$AVNS - Avanos Medical (AVNS) Presents At JP Morgan Annual Healthcare Conference - Slideshow. https://t.co/ejX4NKkrZT #markets #stocks #trading"Read full newsRead More