Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.So this is Christmas, as John Lennon sang: another year over, and a new one just begun. It is the time of year for taking stock and looking to the future, and in that spirit, I have collected a selection of predictions for 2020 from 1...Read More
Stainless steel scrap prices in the United States were relatively steady over the past week despite a decline in the nickel market."Prices have managed to hang in there despite the huge fall in [London Metal Exchange] nickel," one domestic dealer source said.The monthly average of the LME nickel cash price was at $5.82 per lb through February 25, down by 5.4% from January's average...Read More
The Turkish steel mills have continued to be largely silent in the deep-sea scrap markets to try to restrict the upward trend in prices, sources said on Wednesday February 26.The mills were very active in the deep-sea scrap markets in the period February 4-24, booking at least 22 cargoes totaling more than 700,000 tonnes. As a result, scrap import prices into Turkey have been climbing since the be...Read More
Seaborne coking coal prices remained firm on Wednesday February 26, but some Chinese participants expressed doubts over the longevity of the strength given increasing concerns about the health of the global economy and with prices having been on an upwards trend for several weeks.Fastmarkets indicesPremium hard coking coal, fob DBCT: $159.30 per tonne, up $0.10 per tonnePremium hard coking coal, c...Read More
Seaborne iron ore prices dropped on Wednesday February 26 amid burgeoning concerns over the spread of the novel coronavirus (2019-nCoV) outside China and its impact on the global economy. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.10 per tonne, down $2.73 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.16 per tonne, down $2.68 per tonne.58% Fe fines high-premium, cfr Qingdao:...Read More
Bulk cargoes are being increasingly favored by Asian ferrous scrap buyers in light of rising container freight costs caused by the novel coronavirus (2019-nCoV) outbreak.Buyers in key import markets Taiwan and Vietnam are focusing heavily on Japanese H2 or H1 & H2 (50:50) cargoes, eschewing containerized ferrous scrap cargoes from the United States' West Coast.Negotiations for bulk H1 & H2 (50:50)...Read More
China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Here are eight key effects of the outbreak has had on the Chinese steel industry, according to the China Iron & Steel Association...Read More
Base metals prices were for the most part weaker this morning, Wednesday February 26, weighed down by further weakness from global equity markets that have in recent days been shaken from their complacency.The latest retreat in equities was partly fueled by the US Centers for Disease Control and Prevention warning Americans to prepare for the spread of the novel coronavirus (2019-nCoV) in the Unit...Read More
China's domestic rebar prices were flat on Wednesday February 26 despite declining futures, with strengthening end-user demand providing support to the market.Eastern China (Shanghai): 3,450-3,480 yuan ($490-495) per tonne, unchanged Northern China (Beijing): 3,380-3,420 yuan per tonne, unchanged With less logistical disruptions and more workers in the transportation sector back at work, demand fo...Read More
Thin trading in China's domestic hot-rolled coil market continued to put pressure on prices on Wednesday February 26, though exporters stuck to their high offers.DomesticEastern China (Shanghai): 3,560-3,570 yuan ($506-507) per tonne, unchangedNorthern China (Tangshan): 3,300-3,320 yuan per tonne, down 30 yuan per tonneTraders in Shanghai reported that buying slowed down further after the price mo...Read More
Base metals prices were for the most part weaker this morning, Wednesday February 26, weighed down by further weakness from global equity markets that have in recent days been shaken from their complacency.The latest retreat in equities was partly fueled by the US Centers for Disease Control and Prevention warning Americans to prepare for the spread of the novel coronavirus (2019-nCoV) in the Unit...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Salesforce.com dropped $3.01 to $178.26 after reporting lower than consensus fourth quarter earnings. Canadian Imperial Bank of Commerce (CM $106.02) is expected to open higher after reporting higher than consensus fiscal first quarter earnings. The Bank also raised its dividend.Wendy's...Read More
The European ferro-silicon spot price has jumped by 13% so far in February amid firm fundamentals, and with reduced stock levels in Europe - where production levels have fallen after domestic cuts in recent months - and little available for spot sales, prices may be set to climb even further in the near term.Fastmarkets' price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), deliv...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 26.Key drivers: Quiet ferro-titanium business in late February has not encouraged cheaper offer prices, with European suppliers expecting renewed demand for quarterly settlements in March and keen to hold their sales prices until then. 40 tonnes of alloy business has been reported to...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
* Brixton Metals Starts Drilling at Langis ** Live Webinar Project Update Thursday Feb. 27th ** Brixton Publishes Hog Heaven Mine Video * February 26, 2020 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has commenced a 1,000m drill program at its wholly-owned Langis Mine property in the Cobalt Camp, Ontario, Canada. Addition...Read More
The latest drill results from Monarch Gold's (TSX: MQR) McKenzie Break gold property, 25 km north of Val d'Or, Que., suggest a new high-grade zone of gold mineralization to the east of the current resource.Drill highlights include 7 metres of 32.3 grams gold per tonne, 14 metres of 5.28 grams gold, and 11 metres of 10.5 grams gold, at a depth of more than 300 metres down-hole."These are truly the...Read More
Galway Metals (TSXV: GWM) has released drill results from its 605-sq.-km Clarence Stream gold project in New Brunswick, which narrows the gap between the Richard and Jubilee zones down to 350 metres.Drill highlights include 47 metres of 10.6 grams gold per tonne and 32 metres of 1.2 grams gold from hole 87, which was drilled between two previously completed step-out holes. Hole 93, which extended...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) will spend $1 billion over the next five years to reduce its carbon footprint and have net zero greenhouse gas emissions by 2050, but some analysts say the announcement is a minor step towards helping the mining industry achieve climate goals.Delivering full-year results for 2019, in which the company recorded its highest profit in eight years, CEO Jean-S?(C)bastien...Read More
The decision by Teck Resources (TSX: TECK.B; NYSE: TCK) to withdraw its $20 billion Frontier project from the regulatory review process will further reduce investor confidence in Canada's oil and gas industry, says an industry analyst."Our conversations with institutional investors had begun to put 'regulatory hurdles' lower on the list of concerns when looking at the Canadian energy sector," said...Read More