Sep 23, 2020 Guest(s): Jeffrey Christian Managing Partner, CPM Group August saw a falloff in gold-backed ETF inflows along with central banks slowing down their purchases. Central banks have always been price-sensitive, said Jeff Christian, managing partner of CPM Group, and would stop buying if the price of gold is too high. As for exchange-traded fund (ETF) holdings, not all of the flows this...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day's trading.Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, "producing deflationary pressure on commodity prices."The general dollar index was last seen at 94.22, up by 0.24."Copp...Read More

A reduced regional surplus supported the tin trade in the United States while European traders, eyeing a rising contango, held back from the market in the two weeks to Tuesday September 22.Both tin premiums rise in the US, their first move in three months.The London Metal Exchange tin price remains near a two-year high, but is not matched by physical demand in Europe.China sees little trade, given...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

Chinese nickel ore prices continued to rise in the week to Tuesday September 22, with other premiums in the region remaining stable and nickel briquette premium in the United States widening. Nickel ore price reaches new high, while premiums and other nickel products in China stay flat.US briquette premium widens slightlyPositive demand rhetoric fails to spur European premiums Nickel or...Read More

The UG2 chrome ore prices in China rose again on Tuesday September 23, with the steady downstream ferro-chrome market supporting market sentiment, sources told Fastmarkets.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 per tonne or 0.7% to $139 per tonne week on week on Tuesday September 22. The index has risen for four consecutive weeks from $133 p...Read More

Urging generalist investors to invest in gold equities rather than physical gold or even royalty and streaming companies, Marrone said the uncertain global economic outlook was good for goldRead More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF | FRA: WK3D) (the "Company" or "Siyata") today announced, that in support of its recently announced strategic initiatives, the Company will proceed with the consolidation of the common shares of the Company (each, a "Share") on the basis of 145 pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). T...Read More

Aluminium and alumina producer Alcoa has launched the first low-carbon smelter-grade alumina brand, chief executive officer Roy Harvey announced at the Fastmarkets International Aluminium Conference. Speaking on Wednesday September 23, Harvey said the low-carbon alumina brand, EcoSource, will help its customers meet their sustainability goals. "We are launching a brand-new product, EcoSource, and...Read More

It was back in September 2015 that first reports surfaced about VW cheating with diesel emission readings, costing a number of senior company executives their careers and crushing the sales of VW'sRead More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

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

Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday September 23, further increasing downward pressure on prices, sources told Fastmarkets.The country's steelmakers have been absent from the deep-sea scrap market since September 9, when bookings were made at $301 per tonne cfr for HMS 1&2 (80:20).Some suppliers tried to increase their offers to $305-310 per...Read More

China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More

Tesla will mine its own lithium, make its own lithium-ion batteries for electric vehicles (EVs) and use more silicon and nickel in these cheaper batteries, the world's biggest EV maker said on Tuesday September 22.Tesla will simplify the process of obtaining battery-ready nickel and lithium, develop alternatives to existing aluminium alloys and recycle its own EV batteries, it added.Tesla's own 46...Read More

To say that the 2020 Atlantic hurricane season has been an active one would be a gross understatement.In fact, there have been so many named storms this year that they've run through the English alphabet and moved on to the Greek alphabet.Of course, I mention this as Tropical Storm Beta dumps a massive amount of rain along the Texas coast.Fortunately for those oil platforms in the Gulf of Mexico,...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More

Long lead times and a reduced domestic output have combined with a lack of competitive import offers to drive up the local price for hot-rolled coil in Europe, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?487.61 ($572.17) per tonne on Wednesday September 23, up by ?,?2.26 per tonne from ?,?485.35 per tonne on Tuesd...Read More

Hollow steel sections prices in Europe were unchanged this week, despite producers still pushing for higher prices, market sources told Fastmarkets on Wednesday September 23.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?570-585 ($669-686) per tonne on Wednesday, unchanged week on week."New prices from some mills are up by ?,?30 per tonne, an...Read More