The premium for aluminium billet in the United States fell to a record low on Friday October 25 due to to continued sluggish demand, while premiums in Europe and Brazil remained under pressure. US premium at record lowEuropean traders holding onto $300 per tonne levelLow spot demand in BrazilThailand premium falls US billet premium drops to all-time lowFastmarkets' aluminium 6063 extrusion billet...Read More

Responsible sourcing is top of the agenda for many companies in the metals space, partly driven by the LME's push for an industry standard, yet an LME Week panel discussion suggested the industry could do so much more. Speaking at an LME Week 2019 discussion on environmental sourcing on Monday October 28, panelists from APG Asset Management, Trafigura and the World Economic Forum set out...Read More

Jack ChanPosted Oct 28, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculative liquidation continues.Speculative liquidation may have ended.Our ratio has a text boo...Read More

Positive sentiment continued to buoy the Chinese and European ammonium paratungstate (APT) markets although spot activity remained subdued in both.But the ferro-tungsten price in Europe fell after suppliers scrambled to meet a large inquiry from a consumer.The Chinese APT export price was unchanged week on week against a backdrop of falling tungsten concentrate prices and quiet demand abroad. Fast...Read More

Negotiators have agreed to properly resolve their concerns, Bloomberg reported, with presidents Donald Trump and Xi Jinping aiming to sign a pact in Chile next month.The S&P500 closed up 0.4% on Friday to 3,022.55, near a record high.Meanwhile the gold price remains above US$1,500 an ounce, about $1,504/oz on the spot market, ahead of a US Federal Reserve meeting this week where another rate c...Read More

Jacques kicked off LME Week in London by reflecting on the transformation and disruption in mining in the early 2000s.Read More

The Swedish manufacturer said cancellation of a large machine purchase and the deferral of others saw equipment orders dip 27% in the period, compared with the previous corresponding quarter, with higher equipment service revenues and growth in the attachments and tools business lifting overall revenues, compared with the September 2018 quarter, from SEK9,651 million (US$996 million) to SEK10,158...Read More

Shipments of chrome ore to China climbed to 1.5 million tonnes in September, their highest since March 2018, according to official but unconfirmed data seen by Fastmarkets. China imported 11.4 million tonnes of chrome ore in the first nine months of 2019, up from 11 million tonnes in the same period of last year. The seaborne chrome ore price dropped quickly from the start of April before bottomin...Read More

Rising stocks and imports weighed on chrome ore prices in China last week while imported alloy prices dropped because of plentiful local supply. Chrome ore prices down amid high inventories and imports Spot domestic Chinese alloy prices held in slow trading Imported alloy prices dropped under selling pressure US alloy prices tick up despite thin spot tradingEuropean price range narrows in balanced...Read More

Mark Compton, executive director of the American Exploration and Mining Association (AEMA), the national voice for exploration and development sector, reflecting on the various legislative initiativesRead More

Key data from the pricing sessions in Asia and Europe in the week to Friday October 25.ChinaKey drivers The Chinese silicon 553 export price rose in response to higher offers from domestic refiners against a backdrop of tight supply for the looming dry season from November to May in the country when refiners in the Sichuan and Yunnan provinces cut output due to a lack of cheap hydroelectric power....Read More

Avi GilburtThere is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.As the market began its rally off the December lows of 2018, my initial expectation was that we could top out as we headed into the March/Apri...Read More

Turkish steel mills began the week in silence due to a public holiday in the country reducing trading activity, sources told Fastmarkets on Monday October 28. With a half-day public holiday taking place in Turkey on Monday, and Tuesday being a holiday for the Republic Day of Turkey, low levels of trading are expected in the deep-sea markets. The most recent trade reported to Fastmarkets&...Read More

Turkish domestic auto bundle scrap prices have increased over the past week in line with the rises in imported scrap values, sources said on Monday October 28.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,385-1,555 ($239-268) per tonne on Monday, up from the TRY1,380-1,505 per tonne of last week.Two steel mills raised their buy prices...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5%...Read More

Flat-rolled steel import prices were mostly down in South America during the past week, amid bearish sentiment in the region and the continuing global downtrend.Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America, at $450-470 per tonne on Friday October 25, lower on the high end from $450-475 per tonne a week earlier, and at a fresh low for 2019m.Customers...Read More

Mako Gold Limited (ASX: MKG) is focused on the discovery of large high-grade gold deposits in highly prospective and under-explored terrains in Cote d'Ivoire, Burkina Faso and other favourable countries in West Africa. The Company's flagship project is the Napi?(C) Gold Project, located in the north central part of C??te d'Ivoire 30km southeast of the city of Korhogo, it is easily accessed by a go...Read More

Generally speaking, organizations that still oppose cannabis legalization include:Pharmaceutical companies and trade groupsPolice, police unions, and law enforcement associationsCompanies that operate prisonsReligious organizationsA whole list of government agenciesCasinosAddiction services groupsRight-wing political organizations ranging from conservative think tanks to the American Nazi PartyLas...Read More

China's hot-rolled coil prices were flat domestically on Monday October 28, while some participants told Fastmarkets export prices would rise as mills shift allocation back to the domestic market amid stable prices.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedDomestic prices remained stable, with trading...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index moved up a modest 5.6 points to finish at 1101.30 and remains locked in a tight trading range. MACD climbed 0.86 points to 1.76. RSI climbed 14% or 6 points to 48.9 and continues on a slow upward grind.Support remains at 1085 and 1080. Resistance is at 1106 (50-day moving avera...Read More