The proposals for NEVs, which encompass electric vehicles, came from a number of delegates attending the 13th sessions of the National People's Congress (NPC) and Chinese People's PoliticalRead More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday June 5. Japan and South Korea Indian suppliers further pushed up offer prices on increased raw material expenses and tight supply caused by the country's Covid-19 lockdown. The higher offer prices underpinned high-carbon ferro-chrome prices in Japan and...Read More
Adam HamiltonArchivesJun 05, 2020 The gold miners' stocks just rolled over into a correction, raising concerns about the staying power of their massive post-panic upleg. These higher prevailing gold prices have driven very-strong fundamentals at the gold miners. But they are entering the seasonally-weak summer doldrums. And current sentiment and technicals play major roles in governing when uplegs...Read More
The Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said. According to Trent Mell, the increasing trend toward electric vehicles (EVs) has added to the impetus to ensure that a reliable and ethical supply of refined cobalt is available for use in batteries. "If the Covid...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 272,19653,16237,007108,654365,277417,857455,446 Change from Prior Reporting Period -15,9522,928-2,944-23,323-41,022-42,219-41,038 Traders 20260715556284161 Small Speculators LongShortOpen Interest 57,88820,299475,745 -1,410-2,591-43,629 non reportable pos...Read More
By: Ira EpsteinGold is in a correction, but strong supports in the $1,600's:Read More
An overview of the battery raw materials markets and their latest price moves.Read More
While the government has encouraged regulatory agencies to use virtual meetings to avoid face-to-face meetings, in practice, that has not been so simple for public hearings related to the award of concession contracts or prior consultation processes, Angela Salazar, head of mining at Lloredo Camacho said on a Colombia Mining Legal Tour webinar."The ANM [National Mining Agency] has implemented a mi...Read More
The inter-merchant spot price for light iron scrap in the United Kingdom moved up for the second consecutive week on Friday June 5, driving by ongoing tight material availability. Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?65-80 ($82-100) per tonne on Friday, up from ?60-70 per tonne on May 29. This is the second wee...Read More
The price of containerized ferrous scrap imports into India maintained its upward momentum in the week to Friday June 5, as activity returned to the market, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $278.58 per tonne on Friday, up from $275.21 per tonne a week earlier.Most market sources reported offers for shredded material...Read More
Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.Mexico, Brazil and Argentina are the region's top auto producing countries, Fastmarkets understands.MexicoMexican light vehicle output...Read More
The metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures. The unemployment rate in the United States is expected to climb to 19.4%. Equities have followed history by focusing on governments' monetary/fiscal actions... ...but can money alone right the impact of the virus, or can only a vaccine do that -...Read More
The Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said. According to Trent Mell, the increasing trend toward electric vehicles (EVs) has added to the impetus to ensure that a reliable and ethical supply of refined cobalt is available for use in batteries. "If the Covid...Read More
The uptake of batteries for energy storage is expected to soar between 2020 and 2030 in Europe, supporting the growth of flexible electricity assets while new renewable capacity ramps up in its key economies.Investments in green mobility and renewable sources of electricity are high on the agenda of the EU member states, to comply with energy transition targets.With sales of electric vehicles (EV)...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday June 5 and some producers have stopped accepting new orders because of increasing production costs, sources told Fastmarkets.Demand is strong due to restocking and expectations that prices will rise further.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $430-440 p...Read More
Magnets...They're pretty much the most boring thing on Earth. They're about as exciting as waiting in line at the post office.But magnets are a huge part of modern life. In fact, you likely rely on high-powered magnets every moment of your day.As the world continues to modernize, more and more of these high-powered magnets will be needed to satisfy the demand for new technologies. And that creates...Read More
Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.Mexico, Brazil and Argentina are the region's top auto producing countries, Fastmarkets understands.MexicoMexican light vehicle output...Read More
Domestic prices for hot-rolled coil in Europe declined slightly day on day on Friday June 5 due to low demand, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?398.75 ($449.19) per tonne on Friday, down by ?,?1.33 per tonne from ?,?400.08 per tonne on Thursday.Friday's index was calculated based on deals and "workable...Read More
Yesterday, in Real Vision's Daily Briefing (free) Roger Hirst again made the case that the influence of robotic passive strategies such as automatic retirement savings contributions into passive index funds is waning due to layoffs. Meanwhile, the impact of retail investors is growing as many of those laid off and furloughed investors use some of their unemployment benefits to speculate in the st...Read More