China's rebar prices were unchanged on Friday November 1 in both the domestic and export markets amid inactive trading. Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Buyers stopped replenishing their inventories ahead of the weekend and withdrew to the sidelines to see how the futures market develops, sour...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.Index futures moved higher following release of the October employment report released at 8:30 AM EDT. Consensus for October Non-farm Payrolls was 75,000 versus an upwardly revised 180,000 in September. Actual was 128,000. Consensus for the October Unemployment Rate was 3.6% versus 3.5% i...Read More

Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Friday November 1, with dwindling confidence of a long-term trade deal being struck between the United States and China weighing on the complex."Chinese officials 'familiar with the matter' were casting doubts about reaching a comprehensive long-term trade deal with the US even as the two sid...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lbClick here for...Read More

Dear Rich Lifer,You're probably familiar with the '4 percent rule' and 'Multiply by 25' rule.If you haven't heard of these rules, don't worry! I'll explain in second.But first, I'm willing to bet that those of you who have heard of these rules are getting them confused.Multiply by 25The 'Multiply by 25' rule estimates how much money you need to retire worry free.Here's how it works: multiply your...Read More

An overview of the battery raw materials markets and their latest price moves.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...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 www.fastmar...Read More

Traxys has signed a multi-year deal to sell cobalt metal and hydroxide produced by Norilsk Nickel. Under the terms of the deal, Traxys will commercialize all Norilsk material not sold in the Russian market, Fastmarkets understands. The deal...Read More

Government subsidies are a necessary part of early electric vehicle adoption but EVs will have mainstream usage without the need for incentives in the long term, panelists said at the LME Metal Seminar this week. EV adoption has come at a slower pace than previously expected, coinciding with cuts in government subsidies in China. In March this year, Beijing announced a 50-60% reduction in subsidie...Read More

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

The prices of stainless steel flat products in Europe decreased this week because of persistently weak demand, sources told Fastmarkets on Friday November 1.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,454-2,510) per tonne on November 1, down by ?,?100 per tonne week on week."It's [a result...Read More

LIBERTY DEFENSE HOLDINGS (TSX-V: SCAN; OTCQB: LDDFF; FWB: LD2)THE TECHNOLOGYIn 2014, in light of massshootings and terrorist attacks globally, the Department of Homeland Security(DHS) partnered with the Massachusetts Institute of Technology’s (MIT) LincolnLab to develop a new, more effective weapons detection technology.In 2017, MIT successfully testedthe new system at Boston’s Massach...Read More

The monthly European alloy steel surcharges for November for grade-316 stainless flat steel products have decreased because of lower molybdenum costs, Fastmarkets heard on Friday November 1.Fastmarkets' range for the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, was ?,?2,497-2,581 ($2,786-2,879) per tonne on November 1, down by ?,?13-63 per tonne from October.Allo...Read More

In November 2015, the Chief Economist of the Bank of England gave a speech where he said that, within 20 years, 80 million jobs in the US and up to half the jobs in the UK would be lost to robots and algorithmic software (collectively referred to as ‘robots’).A 2013 Oxford University study backs him up. It predicts that, of the 700 jobs types it evaluated, half of them would event...Read More

The inter-merchant spot market for UK-origin light iron scrap moved up by ?5 ($6) per tonne in the week ended Friday November 1 following the upturn in key export markets, ending a four-week run of price stability.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?65-85 ($84-110) per tonne on Friday, up from the ?60-80 per tonne where...Read More

Turkish steel mills did not go into the deep-sea scrap markets on Friday November 1, with no new deals heard, sources told Fastmarkets.The Turkish import scrap market was relatively subdued throughout this week because of a two-day public holiday in the country at the start of the week. As well, the booking of 600,000 tonnes of...Read More

Turkey has not bought ferrous scrap from the United States in nearly a week, but a combination of recent steady buying and an anticipated upward move in November's domestic scrap trade have worked to raise some dock prices.Turkish steel producers paused their deep-sea cargo purchases on Monday October 28 and Tuesday October 29, due to Tuesday's public holiday for the Republic Day of Turkey and a h...Read More

Heavy melting scrap 1&2 (80:20) from the United States' West Coast has turned competitive again due to surging prices for Japanese H2 materials, with Vietnamese buyers now looking to purchase scrap from both locations.Demand in Taiwan has eased, however, following numerous purchases last week.VietnamFastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $...Read More

The Quecher Main project at Newmont Goldcorp's (TSX: NGT; NYSE: NEM) Yanacocha gold mine in Peru has achieved commercial production ahead of schedule and under budget.The project will extend the life of the Yanacocha operation to 2027.Quecher Main, 800 km northeast of Lima, is expected to contribute an average of 200,000 oz. gold annually from 2020 through 2024, at all-in sustaining costs (AIS...Read More