China's hot-rolled coil prices fell further on Thursday September 26 amid weak demand despite mills in some parts of the country being subjected to steelmaking curbs.DomesticEastern China (Shanghai): 3,600-3,630 yuan ($505-509) per tonne, down 20-40 yuan per tonneNorthern China (Tangshan): 3,550 yuan per tonne, down 50 yuan per tonneA Shanghai-based trader said trading thinned in comparison with W...Read More
China's domestic rebar prices were unchanged on Thursday September 26, with low spot market inventories providing support amid declining futures.Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($517-520) per tonne, unchangedNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedStockists had lower inventories after their active selling over the past one week.Major spot markets in China...Read More
Export prices for Chinese stainless steel rose over the past week, with producers raising their offers amid a strengthening nickel market.The three-month nickel contract on the London Metal Exchange is averaging at $17,593 per tonne so far this month, compared with August's average of $15,661 per tonne.Buying interest was limited in the stainless steel market, however, with bearish factors such as...Read More
U.S. equity index futures were higher. S&P 500 futures advanced 7 points in pre-opening trade.Index futures were virtually unchanged following final estimate of economic news at 8:30 AM EDT. Consensus for U.S. second quarter real GDP was unchanged from the previous estimate at 2.00%. Actual was unchanged at 2.00%. Consensus for Weekly Initial Jobless Claims was an increase to 212,000 from 208,...Read More
The acquisition of processed graphite represents a potential reputational risk for participants in the battery sector, according to Adam Panayi, managing director of battery analyst RHO Motion."There are reputational issues surrounding graphite processing, as well as cobalt," Panayi said at Fastmarkets' Battery Materials Europe 2019 conference in Amsterdam, September 26-27. "The leaching process o...Read More
Fastmarkets is extending until October 15 the consultation period for its proposal to discontinue five of its precious metals prices.Fastmarkets made this decision because the responses received to date have identified a need to conduct more in-depth consultation into the usage of and need for these prices.The prices being proposed for discontinuation are as follows:Platinum min 99.9% Europe Free...Read More
Europe's battery production capacity will have more than doubled by 2025 from the level in 2015, according to Eurobat, the Association of European Automotive & Industrial Battery Manufacturers.Battery production capacity in Europe will increase to at least 1,000GWh by 2025 from 440GWh in 2015, according to Gert Meylemans, the group's senior communications manager, speaking at Fastmarkets' Battery...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs Rotterdam, click here.To see all Fastmarkets' pricing methodology and specification documents, go to https:...Read More
Taiyuan Iron & Steel (Tisco) has raised its ferro-chrome tender price for October above that of Tsingshan Group in a rare move, signaling differing procurement strategies and feedstock needs for the remainder of 2019. Tisco took the lead on Friday September 20 by announcing a monthly tender price for high-carbon ferro-chrome at 6,500 yuan ($911) per tonne on a duty-paid basis including delivery fo...Read More
China's domestic stainless steel prices rose late last week on costlier nickel, and maintained those gains over the first three days of this week.The start of trading of stainless steel futures on the Shanghai Futures Exchange on Wednesday September 25 had little effect on the spot market. Fastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs Chin...Read More
Wendy Adams, research associate professor of physics at Colorado School of Mines, has been elected a fellow of the American Physical Society.Fellowship in APS recognizes members who have made exceptional contributions to physics research, applications of physics, leadership in or service to physics, or significant contributions to physics education. Each year, no more than one-half of one percent...Read More
Since picking up the Waihi property in New Zealand from Newmont for US$100 million four years ago, OceanaGold (TSX: OCG) has extended the mine life of its Correnso underground gold mine by three years generating US$200 million of free cash flow.It has also fully permitted a new underground mine that it is building about 1-2 km away, and which it hopes to put into production by 2021. The undergroun...Read More
The S&P/TSX Composite Index advanced 1.3% to close at 16,899.69. Spot gold finished the trading week at US$1516.70 per oz., up US$28.80 per ounce. The S&P/TSX Global Gold Index rose 6.6% to end at 251.07, while the S&P/TSX Global Base Metals Index fell 1.9% to 102.79, and the S&P/TSX Global Mining Index advanced 1.2% to 78.07.Leading the week in value gain was Kirkland Lake Gold, which saw shares...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesEarlier this year, senior thinkers at BCG laid out new guideposts to success for the modern company (The new Lo...Read More
The Dow Jones Industrial Average fell 1.05% to 26,935.07, and the S&P 500 Index fell 0.51% to 2992.07. Spot gold gained US$28.80 per oz. to finish the trading week at US$1,516.70 per oz. gold.AngloGold Ashanti shares rose 6.8% to US$20.22. The company signed an agreement with B2Gold on Sept. 16 that will see B2Gold - AngloGold's joint-venture partner - fund a US$13.9-million investment and explora...Read More
The S&P/TSX Venture Composite Index rose 0.2% to 590.45 during the trading week.Shares of Great Bear Resources rose 4.7% to $8.99. On Sept. 3, the company reported multiple gold discoveries along a 3.2 km strike length of the 18 km LP Fault target at its wholly owned Dixie project in Red Lake, Ontario. High-grade gold intercepts include 101.7 grams gold per tonne over 2 metres within 10.65 grams g...Read More
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