Seaborne prices of both low- and high-grade manganese ore in China recorded strong gains in the week ended Friday February 7 alongside rising portside ore and alloy prices. Domestic market sentiment was buoyed by Hebei Steel's silico-manganese purchase price for February which rose by 600 yuan ($85.70) month on month to 7,200 yuan per tonne. Hebei Steel is China's second largest steel mill an...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report two new intersections of strong radioactivity in initial drill holes of the winter drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan...Read More

Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index rose to its highest level since October 2019 this week, with Chinese smelters staying on the sidelines amid a murky outlook on production plans and product sales following the coronavirus outbreak. A weekly brief on the Fastmarkets' copper concentrate index: Fastmarkets' copper concentrates TC/RC index ticks up with more...Read More

Rick Ackerman, Rick's Picks Could it possibly get any better? Trump has shrugged off impeachment and taken a well-earned victory lap, the Democrats are headed for a landslide loss in November, and the U.S. consumer economy is hitting on all twelve cylinders, powered by shop-till-you-drop exuberance that has made even the ongoing, trillion dollar writedown of shopping malls a relatively nigg...Read More

Cobalt prices have continued their steady upswing over the past week, with consumers keeping an eye on spot market trends with a view to restocking in the coming weeks, and sellers happy to hold on to material until then.Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, was $16.70-17.20 per lb, in-warehouse on Monday February 10, unchanged day on day but up from $16.50-16...Read More

Key data from the pricing sessions in Asia and Europe in the week to Friday February 8.Key driversChina Fastmarkets' assessment of the price of antimony, MMTA standard grade II, ddp China was unmoved following a lack of liquidity and absent market participants after the Chinese New Year holiday break was extended (January 24-February 2). Many suppliers stayed out of the market in the week to Febru...Read More

Shredder feed price adjustments in the United States were erratic in the week to Monday February 10, with individual shredders moving their scale buying prices based on their specific needs as they questioned where ferrous scrap prices are likely to head in March. The US scrap market was extremely disjointed in February, with prices holding up better in the Midwest than on the East Coast and in th...Read More

Turkish steel producers have continued to book deep-sea scrap from the United States and Europe for end of February and early March shipments, sources told Fastmarkets on Monday February 10.A steel mill in the Iskenderun region booked a European cargo of 20,000-25,000 tonnes of HMS 1&2 (80:20) at $252 per tonne cfr.A steel mill in the Marmara region booked a US cargo, comprising 18,000 tonnes of H...Read More

Turkish domestic auto bundle and ship scrap prices have continued to slide over the past week in line with the falling cost of imported scrap, sources said on Monday February 10.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,510-1,715 lira ($251-285) per tonne on February 10, down from 1,560-1,800 lira per tonne last week.The Turkish stee...Read More

The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board.There is still much uncertainty around the impact of the Wuhan coronavirus (2019-nCoV), but with more businesses returning to work in China this week, we might get a better feel for...Read More

Today is Monday, February 10, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,576.90. It's up 0.13% from yesterday and up 19...Read More

Cobalt prices have continued their steady upswing over the past week, with consumers keeping an eye on spot market trends with a view to restocking in the coming weeks, and sellers happy to hold on to material until then.Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, was $16.70-17.20 per lb, in-warehouse on Monday February 10, unchanged day on day but up from $16.50-16...Read More

Today is Monday, February 10, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Enterprise Products Partners LP (NYSE: EPD), Callon Petroleum Company (NYSE: CPE), and Diamondback Energy (NASDAQ: FANG).Enterprise Products Partners LP (NYSE: EPD)Enterprise Products Partners LP (NYSE: EPD) is a $55.67 billion company today with a one-year return of -7.89%. L...Read More

I visited my parents over the weekend and got talking to my father about personal finance, the low savings rate in America, and the broad economic implications thereof.The average savings rate in America right now is just over 8%, meaning for every $1000 earned the average American only saves about $80. Compare that to China, where the average savings rate is about 25%.Dad asked me, "Do you rememb...Read More

Swiss miner-trader Glencore has signed a five-year deal - from 2020 until 2024 - to supply South Korean battery manufacturer Samsung SDI with 21,000 tonnes of cobalt contained in hydroxide, Glencore said on February 10.Glencore produces cobalt hydroxide at its Katanga mine in the Democratic Republic of Congo (DRC) - slated to produce about 29,000 tonnes of cobalt in intermediates this year. Glenco...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN enjoyed a strong bounce from its lower Bollinger band at 1175 as it sailed 17.33 points or 1.4% higher to close at 1192.61.MACD rose 3.38 points to -0.79. RSI jumped 14.79 points or 39% to 52.81. We note that RSI did not go sub-30 as it has on past major bottoms. Wi...Read More

European producers of hot-rolled coil have been reluctant to give discounts over the past week despite the bearish sentiment among buyers, sources told Fastmarkets on Monday February 10.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?473.75 ($518.44) per tonne on Monday, up by ?,?2.08 per tonne from ?,?471.67 per tonne on February 7.Buyers estimated "work...Read More

Fastmarkets has amended the publication date of its Brazilian domestic steel price assessments, ex-works Brazil, reais per tonne, following market feedback.The publication of the Brazilian domestic flat steel and rebar price assessments has moved from the first Friday of each month to the second Friday of each month, allowing Fastmarkets to capture price changes more quickly and accurately.The nex...Read More

China's hot-rolled coil producers lowered their prices on Monday February 10 amid rising inventories resulting from a delayed resumption of business in downstream sectors and prolonged logistical hurdles.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($500-503) per tonne, down 30-40 yuan per tonneNorthern China (Tangshan): 3,200-3,220 yuan per tonne, down 50 yuan per tonneA Shanghai-based trad...Read More

Here are five Fastmarkets MB stories you might have missed on Monday February 10 that are worth another look.The United States Department of Commerce on February 10 issued affirmative final determinations in its anti-dumping and countervailing duty investigations into imports of carbon and alloy steel threaded rod from China and India.LME Week Asia 2020 could be in doubt due to the coronavirus out...Read More