The inter-merchant spot price for light iron scrap in the UK narrowed higher in the week ended Friday November 15, with firm demand possibly pushing up prices in the near term, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?75-90 ($96-116) per tonne on Friday, up by ?5 per tonne at the low end...Read More

Suppliers in the UK have won a round of price increases for their monthly intake of ferrous scrap from domestic suppliers for November delivery contracts, paring losses made the month before.This was in line with a recovery in export prices, Fastmarkets heard on Friday November 15.The UK monthly steel scrap market to domestic consumers has settled with prices up by an average of ?15 ($19) per ton...Read More

The price of grade-316 stainless steel scrap in the UK domestic market decreased substantially this week on lower nickel and molybdenum prices, sources told Fastmarkets on Friday November 15. Fastmarkets' assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,170-1,250 ($1,504-1,607) per tonne, down by ?50-80 per tonne. The sharp drop was driven by decreases in b...Read More

The price of ferrous scrap imported into India continued to climb this week, despite mixed sentiment and only limited trading towards the end of the week, sources told Fastmarkets on Friday November 15.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva, India, was calculated at $289.63 per tonne on Friday, up from $284.15 per tonne a week earlier.Deals were heard for shredded...Read More

The Turkish steel mills went through the last working day of the week with no deep-sea scrap bookings, while prices were mostly stable, sources said on Friday November 15.Offers of HMS 1&2 (80:20) grade scrap from suppliers in the United States have been steady around $260 per tonne cfr Turkey.Those offers compared with the most recent US cargo sold at a similar price on November 13.A steel mill i...Read More

Seaborne coking coal prices saw little movement on Friday November 15 amid divided opinion on the impact that the latest import restrictions at Chinese ports would have on the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.81 per tonne, down $0.72 per tonnePremium hard coking coal, cfr Jingtang: $147.82 per tonne, down $1.42 per tonneHard coking coal, fob DBCT: $120.70 per tonn...Read More

China's rebar prices continued to rise on Friday November 15, though traders have started to become more cautious about the market losing its upward momentum.DomesticEastern China (Shanghai): 3,860-3,900 yuan ($550-555) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 3,700-3,720 yuan per tonne, up 20-30 yuan per tonneDemand was robust, especially in eastern China, amid continual gains...Read More

There are cross currents flowing through broader markets, risk-on is still evident in equities with another record close for the S&P500, base metals are generally pulling back in countertrend moves from the stronger tone seen in October and early November and there is some nervousness around judging by the pick-up in demand for havens in recent days.Federal Reserve painted an upbeat picture of the...Read More

China's hot-rolled coil producers raised their offers on Friday November 15 on strong buying activity throughout this week.DomesticEastern China (Shanghai): 3,590-3,600 yuan ($511-513) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,560 yuan per tonne, unchangedSpot prices in eastern China edged up after mills raised their offers by 20 yuan per tonne during the day in response to robus...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. Index futures responded to news that a China/U.S. trade deal is close.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the November Empire State Manufacturing Survey was an increase to 5.0 from 4.0 in October. Actual was 2.9. Consensu...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

Dear Rich Lifer,I was in New York City this week for the 2019 Paradigm Press Summit, where I delivered a presentation on my current market outlook and some of my favorite investment ideas for the upcoming year.The biggest one has to do with insurance.But I'm not about to steal my own thunder or even give you a synopsis of the speech right now. You'll have to wait for access to the recording of the...Read More

Stainless steel prices in the European domestic market were unchanged this week, with market participants monitoring nickel prices to gauge how the alloy surcharge for December might develop, sources told Fastmarkets on Friday November 15. Alloy surcharges for December will be calculated based on nickel prices from October 21 to November 20. So far the average value of the nickel th...Read More

An overview of the noble alloys markets and their latest price moves.Read More

Fastmarkets has corrected its UK and Rotterdam export steel scrap prices, which were published incorrectly on Friday November 8. Fastmarkets' price assessment for steel scrap HMS 1&2 (80:20 mix) export, fob main port UK was published in error on November 8 at $253-255 per tonne, but has been corrected to $232-234 per tonne. Fastmarkets' price assessment for steel scra...Read More

Steelmakers in Germany have settled their monthly steel scrap contracts for November with an average month-on-month rise of ?,?25-30 ($28-33) per tonne, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill Germany, was ?,?225-235 ($248-259) per tonne in the middle of November, up from ?,?195-205 per tonne i...Read More

Apple is using recycled rare earth elements in a key component of its newest iPhone 11 models, which hit the market in September.The recycled REEs are employed in a part called the Taptic Engine, which allows the iPhone to mimic a physical button click. The part represents roughly one-quarter of the REEs in an iPhone.The move will enable Apple to secure a steady supply of the needed REEs, rather t...Read More

Single-asset company Troilus Gold (TSX: TLG; US-OTC: CHXMF) has updated the resource estimate for its wholly owned Troilus gold project, 170 km north of Chibougamau, Quebec.Indicated resources for the project stand at 159.1 million tonnes grading 0.78 gram gold per tonne, 0.09% copper and 1.19 grams silver per tonne for 3.97 million contained oz. gold, 301.15 million contained lb. copper and 6.07...Read More

Macarthur's high-grade iron project set to rollSPONSOREDGalena provides a leading lightSPONSOREDgalena miningNickel discoveries put St George on investors' radarSPONSOREDst george miningUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareThe appointment of Henry was not a huge surprise, with him and chief financial officer Peter Beaven long...Read More

"Serbia's central bank bought nine tons of gold in October, raising its reserves on the advice of President Aleksandar Vucic https://t.co/B5dZ1g2nCC via @markets"Read full newsRead More