The emphasis on traditional mining and high-quality domestic sulfide ore deposits in Norilsk will give Russian mining company Nornickel a competitive edge in meeting growing battery demand, the company said in an interview with Fastmarkets. "I couldn't say it is primarily driving our business model but electric vehicles (EVs) are the best thing to happen to the nickel market since the invention of...Read More

Key data from the Wednesday November 27 pricing session in Shanghai and London. Key drivers Sellers further cut their offers for cobalt hydroxide payables - the percentage of the metal price paid to procure intermediates - in doing so, encouraging larger tonnage purchases than in recent weeks.Market sources reported improved interest for January...Read More

The recent grant of approval from the Indian Supreme Court for ArcelorMittal's acquisition of Essar Steel brings an end to years of legal wrangles, giving the global steelmaker access to a much sought-after market, and allowing the Indian steel sector to take a further step toward health. ArcelorMittal has been keen for some time to break into the domestic Indian steel market because it is one of...Read More

China's domestic hot-rolled coil prices were largely stable on Thursday November 28, while in the export market buyers were refraining from placing orders on expectation of possible price drops in the near future.DomesticEastern China (Shanghai): 3,690-3,720 yuan ($525-530) per tonne, unchangedNorthern China (Tangshan): 3,630 yuan per tonne, narrowing downward by 10 yuan per tonneTrading...Read More

Near-term North American cobalt refiner, First Cobalt Corp. (TSX-V: FCC; OTCQX: FTSSF) is the owner of the only permitted primary cobalt refinery in North America: the First Cobalt Refinery in Ontario, Canada, could produce more than 5,000 tonnes of cobalt sulfate per year for the battery market. We learned from Trent Mell, President, CEO & Director of First Cobalt Corp., that they have recently a...Read More

We celebrated Thanksgiving early this year.Yesterday, to be exact, as Wednesday, was the only day we could actually get everyone in the same room at the same time.It was still your typical Thanksgiving, though.Turkey, mashed potatoes, stuffing, and plenty of wine for the adults and apple cider for the kids.We also went around the table and asked the obligatory, "What are you thankful for?"We heard...Read More

In the latest edition of Canadian Insider Insights, we look at how Fed policy is helping small- and mid-cap stocks on both sides of the border outperform. Canadian convenience store giant Alimentation Couche-Tard (ATD.B) gets a special mention in our broadcast of the week while our insider of the week makes his second appearance in less than six months.Read the free Insights letter here. Read More

Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.Electric vehicles are "the best thing to happen to the nickel market since the invention of stainless steel," Nornickel's marketing director told Fastmarkets in an interview, and his company's high-quality sulfide ore deposits in Norilsk give the Russian mini...Read More

On Monday, we released the video summary of the INK Research morning report which highlighted Michael Cooper's bullish strategy on the Toronto office market. So far his approach is paying off for Dream Office REIT (D.UN) unit holders. Watch the YouTube version of this short video which was first published for Ultra members on Monday.Rent steps could be a nice hike for unit holdersThe REIT has con...Read More

Turkish domestic rebar and wire rod prices have remained largely stable over the past week on moderate demand, sources said on Thursday November 28.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 2,840-2,880 Turkish lira ($492-499) per tonne on Thursday, widening downward slightly from the...Read More

Turkish steel producers raised their offers to reflect the upturn in the scrap costs in their finished steel prices although demand continued to be sluggish, sources said on Thursday November 28. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey was $420-430 per tonne on an actual weight basis on Thursday, up from last week's $415-420 per tonn...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday November 28 that are worth another look.Electric vehicles are "the best thing to happen to the nickel market since the invention of stainless steel," Nornickel's marketing director told Fastmarkets in an interview, and his company's high-quality sulfide ore deposits in Norilsk give the Russian mini...Read More

Turkish mills skipped the day without any deep-sea scrap bookings on Thursday November 28, but the steelmakers are expected to book more scrap for January shipments soon, sources told Fastmarkets.The most recent transaction took place on Tuesday - involving a steel mill in the Marmara region booking a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25), 5,000 tonnes of shred...Read More

Seaborne iron ore prices were rangebound on Thursday November 28, while the 65/62% Fe spread narrowed amid losses in steel prices and profits.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.11 per tonne, up $0.55 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.20 per tonne, down $0.39 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88 per tonne, up $0.97 per tonn...Read More

Both import and export prices for steel billet in Turkey have increased over the past week in line with the firmer scrap import values, sources said on Thursday November 28.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $395-400 per tonne on Thursday, up from last week's $390-395 per tonne cfr.Suppliers in the Commonwealth of Independent...Read More

By: Jim Willie CB November home: www.Golden-Jackass.com (new website) subscribe: Hat Trick Letter Jim Willie CB, editor of the "HAT TRICK LETTER" Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global vil...Read More

By: Andrew SchiffLike particles in a super collider, opposing forces of American culture smashed together this past weekend on a historic football field in Connecticut. And like a physics experiment, the resulting impact shed light on the state of the country and provides us all with a ready framed discussion for the Thanksgiving weekend.At halftime of the 136th annual Harvard-Yale football game...Read More

Prices for steel rebar and billet in Egypt continued to rise in the week ended Thursday November 28 amid strong demand from the construction sector, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?10,000-10,500 ($619-650) per tonne ex-works including 14% VAT, up from last week's E ?9,850-10,370 per tonne ex-works including VAT.The...Read More

China's domestic rebar prices were lower on Thursday November 28, with a drop in temperature in many parts of the country curbing demand from the construction industry.Eastern China (Shanghai): 4,010-4,040 yuan ($571-575) per tonne, down 40 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, down 10 yuan per tonneConstructions sites in northern China have cut their rebar purch...Read More

For Part 1 of this interview, CLICK HEREMax continues his conversation with Alasdair Macleod of Goldmoney.com about 150 years of bank credit expansion nearing an end. They also discuss Alasdair's predictions for 2020 on gold, the dollar, and the global settlements layer.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and...Read More