Turkish domestic long steel prices increased further over the past seven days in line with the weakening of the country's lira against the US dollar, sources said on Thursday August 27.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,860-3,870 lira ($523-524) per tonne on Thursday, up from the 3,790-3,810 lira per tonne of last week.The domestic r...Read More
Turkish export prices for steel rebar and wire rod have remained steady over the past week, but mills were trying for higher prices due to firmer costs for scrap raw material, sources said on Thursday August 27.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $430-440 per tonne fob on Thursday, unchanged from last week.Rebar export offers we...Read More
The Turkish steel producers have taken a break from deep-sea scrap purchases after booking a number of cargoes earlier in the week, sources said on Thursday August 27.The mills in Turkey booked six deep-sea scrap cargoes from various destinations at slightly higher prices this week, totalling around 220,000 tonnes.The most recent bookings brought the HMS 1&2 (80:20) price to $287.50 per tonne cfr...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the year 2020 to date in late August, the Fastmarkets 62% Fe iron ore benchmark has powered along and reached six-year highs, supported by Chinese demand, and despite the global economic uncertainty created by the Covid-19 pandemic. Iron ore demand has weakened almost everywhere except in China, where it has continued to...Read More
Prices for bulk cargoes of scrap imported to Bangladesh moved up again over the last week with offer prices from key exporters on the rise, market participants told Fastmarkets.At least two mills have been shopping around the market for bulk cargoes this week, Fastmarkets understands, with offer prices from both Japan and the United States at higher levels than last week.Sellers in the US West Coa...Read More
Iron ore fines prices declined on Thursday August 27, with market sources saying that the further restrictions on sintering in the Tangshan area of northern China have depressed trading sentiment.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.22 per tonne, down $1.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.69 per tonne, down $1.96 per tonne58% Fe fines high-grade premium...Read More
Seaborne coking coal prices were relatively flat across the board despite recent transactions done in the fob market, although market participants agreed that India alone cannot support the premium for mid-volatility hard coking coal prices for long. Fastmarkets indicesPremium hard coking coal, fob DBCT: $105.92 per tonne, up $0.01 per tonne Premium hard coking coal, cfr Jingtang: $114.70 per tonn...Read More
Starbucks (SBUX), an S&P 100 stock moved above $83.17 extending an intermediate uptrend. Expedia (EXPE), a NASDAQ 100 stock moved above $97.59 extending an intermediate uptrend. Pre-opening Comments for Thursday August 27thIndex futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Traders are waiting for Federal Reserve Chairman Jerome Powell's add...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
The publication of Fastmarkets' European cobalt price assessments for August 27 will be delayed because of a technical issue.Fastmarkets' pricing database, MInD, will be updated at the earliest possible moment to reflect the below assessments for the following prices: MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lbAugust 26 price: $15.25-15.70 per lbAugust 27 price: $15.25-15.70 per lbMB-CO-...Read More
Key data from Fastmarkets' pricing session in China on Wednesday August 26. Key driversSome producers continued to raise their offer prices while several others held back from offering, and therefore limited the availability of spot cargoes.A number of consumers in the magnet sector asked around only to find it is difficult to source material and had to accept some high offers to meet prompt produ...Read More
Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 26. Key driversDomestic suppliers raised their offer prices significantly following substantial gains in the futures market.The September indium contract on the Wuxi Stainless Steel Exchange closed at 1,198 yuan ($173.75) per kg on August 26, up by 24.8% from 960 yuan per kg at the close on August 19.A number of consumers w...Read More
China's domestic stainless steel prices maintained their upward momentum in the week ended Wednesday August 26, after major mills in the country sharply increased their ex-works prices.Costlier nickel also provided support to the stainless steel market.The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $15,077 per tonne, up by $319 per tonne...Read More
August 27, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into separate agreements to acquire a 100% interest in the Trapper mineral claim group (the "Trapper Project") and its associated royalties, further expanding the Thorn Project. The Trapper claims are adjacent to the Thorn Project and part of a larger distr...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsWilson is not shy in putting forward an investment case for Legend.Read More
BHP (ASX, LON, NYSE: BHP) is fine-tuning a revamped strategy to reduce the company's operational emissions and its use of diesel by 2030, chief executive Mike Henry said on Thursday.The "very tangible actions" to be announced on Sept. 10, are part of the world's largest miner's broader commitment to become carbon-neutral by 2050.Henry told shareholders he would also announce concrete steps towards...Read More
SilverCrest Metals (TSX: SIL) has acquired a 100% interest in the 71-sq.-km El Picacho property, located 40 km northeast of its flagship Las Chispas silver-gold development project in the state of Sonora, Mexico.SilverCrest paid US$1.6 million to American Metal Mining (a private company) and its affiliate, in addition to the required taxes to bring the 11 mining concessions to good standing.Ther...Read More
Australia's Danakali (ASX, LON: DNK) said it plans to spend the rest of the year raising funds to bring its Colluli potash project in Eritrea closer to construction.Reporting on the first two quarters of 2020, the Perth-based miner said it's considering a range of options to fund work at Colluli, which is a 50-50 joint venture between the company and the Eritrean National Mining Corporation (ENAMC...Read More
Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S. and Africa.On Aug. 26, Copper for delivery in December trading in New York jumped 1.5% to US$2.9965 per lb. ($6,605 a tonne) in afternoon trading, bringing gains in 2020 to more than 7%, and 50% since the...Read More