Steelmakers in the UK have won a round of price cuts in their monthly intake of ferrous scrap from domestic suppliers for October delivery contracts, amid a slowdown across the European steels sectors, Fastmarkets heard on Friday October 11.The UK monthly steel scrap market to domestic consumers has settled with prices down by an average of about ?35 ($43) per tonne.Persistent weakness in consume...Read More

Prices for ferrous scrap imported into India have begun to inch up for the first time in 13 weeks on a change in sentiment that developed after prices stabilized on the international scrap markets, sources told Fastmarkets on Friday October 11.Fastmarkets' weekly assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $253.56 per tonne on Friday, up from $251.34 per tonne...Read More

Turkish steel producers continued to stay out of the deep-sea scrap markets at the end of the week despite increasing offers for the material, sources said on Friday October 11.The most recent confirmed transaction was done from the United States on October 9. A Turkish steel producer booked a cargo comprising 23,000 tonnes of HMS 1&2 (80:20) at $233 per tonne and 17,000 tonnes of shredded at $238...Read More

Seaborne coking coal prices were largely steady on Friday October 11 as participants mulled drivers, with Chinese buyers staying on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.62 per tonne, up $1.23 per tonnePremium hard coking coal, cfr Jingtang: $159.50 per tonne, unchangedHard coking coal, fob DBCT: $123.13 per tonne, unchangedHard coking coal, cfr Jingtang: $134.0...Read More

Physical iron ore prices were rangebound on Friday October 11, with some low-alumina products showing signs of recovery.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.76 per tonne, up by $0.08 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.25 per tonne, down by $1.98 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.90 per tonne, up by $0.82 per tonne.58% Fe fines high-premi...Read More

The Singapore Exchange's (SGX) 65% Fe iron ore derivative contract registered its first 2020 trades this week as well as posting its highest single-day of traded volumes since its launch. A total of 5,670 lots or 567,000 tonnes of the contract were traded and cleared on Friday October 11 as of 7pm Singapore time.A day earlier, 670 lots of January and February 2020 month contracts were also traded...Read More

China's hot-rolled coil prices dropped on Friday October 11 with participants cautious on price trends despite robust demand. Domestic Eastern China (Shanghai): 3,570-3,580 yuan ($499-501) per tonne, down 20 yuan per tonne Northern China (Tangshan): 3,520 yuan per tonne, down 20 yuan per tonne Spot prices dropped in line with declines in the futures market, with participants being cautio...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade. Futures advanced on news that U.S./China trade negotiations are continuing.Apple is expected to lead the advance in U.S. equity markets at the opening. The stock is scheduled to open above its all-time high at $232.07.The Canadian Dollar added 0.26 to U.S. 75.54 following release of Cana...Read More

The spot silicon price in the United States has fallen into what many consider troubling territory, reaching a nearly three-year low on Thursday October 10 due to weak demand and surplus supply. Overseas suppliers have increasingly been sending silicon to the US at levels that undercut domestic producers' prices, further weighing on the market, sources said."There's a flood of impor...Read More

Key data from the October 11 pricing session in London.Key drivers:- A steady run of spot business concluded, mostly for smaller volumes either side of 5 tonnes, in the high $17s and low $18s over the course of the week. Offer prices...Read More

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

The following Fastmarkets minor metals prices changed on Friday October 11:Minor metals Antimony max 100ppm Bi, in-whs Rotterdam $/tonne: $6,050-6,400 per tonne from $6,050-6,350Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $6,050-6,385 per tonne from $6,050-6,300Bismuth 99.99% Bi min, in-whs China, yuan/tonne: 39,500-41,500 yuan per tonne from 39,000-40,000 yuanCobalt 99.8% Co min,...Read More

An overview of the Chinese minor metals markets in the week ended Friday October 11, and the reasons for their latest price moves.Read More

Southwestern China's Kunming Intermediate People's Court will release cargoes of four minor metals held by the collapsed Fanya Metal Exchange for auction, it said in a notice seen by Fastmarkets on Friday October 11. The court is releasing cargoes of germanium, gallium, tellurium and...Read More

If you're over 50, chances are the decision to retire won't be yours.A new data analysis by ProPublica and the Urban Institute found that more than half (56%) of U.S. workers over 50 have been fired, forced to retire early, or pushed out of their jobs before they were ready to retire.What's more, one third of these pushed-out workers go on to be fired from two or more jobs before leaving the workf...Read More

Weak spot demand for foundry alloy pushed the premium in the United States to a two-year low and the premium in Germany to an all-time low on Friday October 11.European premium 'depression' continuesPrimary aluminium foundry alloy premiums throughout Europe fell, with poor fundamentals continuing to fuel the downtrend.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot premium, ddp Germ...Read More

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 11:Aluminium ingotAluminium pressure diecasting ingot...Read More

The following is an edited excerpt from the "Global Silver Investment" report prepared by Metals Focus for The Silver Institute. Visit www.silverinstitute.org for complimentary access to the full report.Investor sentiment has strengthened for silver (as well as the wider precious metals complex), in contrast with recent years' activity, when many institutional investors had been skeptical towards...Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftIn 2017, just as it was shaking off the worst of the downturn, activist shareholder Elli...Read More

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