An overview of the battery raw materials markets and their price moves from the past week.Read More
CN chief executive Jean-Jacques Ruest said late Thursday more than 400 trains were cancelled during the past week, calling it an "unprecedented ordeal".Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 14.Europe The silico-manganese and ferro-manganese markets increased over the week after a month of stability, with renewed demand from consumers prompting higher-priced deals.One deal was reported being done at ?,?980 per tonne delivered for 400 tonnes of silico-manganese to a...Read More
With just over six years' production in Kenya behind it, Base is hardly an African veteran.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 14.Europe The high-carbon ferro-chome market rose for the fourth consecutive week with some producers reporting a steady recovery in the volume of inquiries they received and prices achieved. Some consumers reported that their use of the spot market was limited, however, because weak demand...Read More
Adam HamiltonArchivesFeb 14, 2020 The gold miners' stocks are still stalled, mostly grinding sideways despite higher prevailing gold prices. This lack of progress is really frustrating traders, slowly shifting herd psychology towards apathy. That's the mission of high consolidations, gradually rebalancing sentiment by bleeding off greed. This healthy process has already come a long way, but still...Read More
Several Chinese major zinc smelters are running at reduced output to prevent the quick build-up of sulfuric acid because a logistics lockdown caused by the coronavirus outbreak has dampened the sales outlook of the zinc smelting by-product. Yuguang Gold & Lead has suspended operations at a 100,000 tonne-per-year zinc production line this week, a producer source with direct knowledge of the matter...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 356,53548,56159,263181,629519,420597,427627,244 Change from Prior Reporting Period 626-7,542-1,9494,84310,9473,5201,456 Traders 23268745453311174 Small Speculators LongShortOpen Interest 60,59730,780658,024 -681,9963,452 non reportable positionsChange fro...Read More
By: Ira EpsteinDaily gold chart now back in control of the gold market after a new higher-high. Resistance around $1,592 Bollinger upper band.Read More
The US primary foundry alloy premium has hit an all-time low, with oversupply in the region the main reason for the downtrend.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium dlvd dup over P1020A Midwest US at 6-9 cents per lb on Friday February 14, down a penny from the previous all-time low of 7-10 cents per lb set on December 13 and maintained in January's assessment...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday February 7, stabilizing after falling more than 11% in the prior week, with higher export prices from Europe this week supporting domestic British prices, sources told Fastmarkets.Fastmarkets' weekly price assessment of steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?70-9...Read More
The price of ferrous scrap imported into India moved up this week, as the bellwether Turkish market staged a recovery, sources told Fastmarkets on Friday February 14.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $286.96 per tonne on Friday, up from $284.44 per tonne one week ago - the first upwards movement for several weeks.There were no deals heard f...Read More
Turkish steel producers have continued their deep-sea scrap purchases for March shipment at slightly higher prices at the end of the week, sources told Fastmarkets on Friday February 14.A steel producer in the Izmir region booked a Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (80:20) at $274 per tonne cfr.A steel mill in the Marmara region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (80:...Read More
With no let-up in the number of coronavirus (2019-nCov) infections in China, the market is this morning, Friday February 14, waiting for signs that the virus is being contained. In the meantime, it seems as though equities are riding high on the back of China monetary stimulus measures, while the metals markets are more aware that the disruption to production and demand will have a mixed impact co...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Very few people would disagree that the future of personal transportation is the electric vehicle.And in all likelihood they're absolutely right. Every major automaker is moving in that direction.But there's a bit of a catch...The transition from gasoline and diesel to electric vehicles is going to take much longer than Tesla or any of the Elon Musk fanboys are leading you on to believe.If you bel...Read More
China's battery-grade lithium hydroxide price was supported at current levels this week after some producers announced plans to increase prices to cover higher transport and production costs resulting from containment policies for the novel coronavirus (2019-nCoV) in China. Some Chinese lithium hydroxide producers plan to increase prices due to higher operational costs, supporting the spot price.&...Read More
The US administration is doing all it can to juice stock markets ahead of November. We have all seen the US president pressure the US Federal Reserve into cutting rates and doing QE. However, what is less understood is the role that the US Treasury is playing behind the scenes by forcing the Fed's hand via active management of its General Account. We learned all about the tricks that the US Trea...Read More
Import prices of flat steel products in South America fell this week amid lower offers from China and strong pressure from buyers.Fastmarkets assessed the price for steel hot-rolled coil, import, cfr main ports South America at $515-560 per tonne on Friday February 14, widening down from $530-560 per tonne a week earlier.Offers of HRC material from China were reported at the lower end of $515 per...Read More