An overview of the battery raw materials markets and their latest price moves.Read More
Bob Moriarty ArchivesSep 19, 2020Many years ago before I got too old and too lazy to go to gold shows, one of the other fellows running a gold site came up to me grinning as he told me his site had just started to exceed 321gold in hits. That was his goal. He wanted more visitors than what we got. I asked him why I should give a damn. We didn’t want tons of visitors. We wanted serious invest...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 18.China Domestic prices stayed firm amid positive sentiment, with market stability consolidated by continuing tightness in materials and a recent increase in raw material costs. The supply of silica ore in Qinghai province was affected when ore producers suspended their...Read More
The European charge and high-carbon ferro-chrome benchmark for the fourth quarter 2020 is $1.14 per lb, unchanged for the third consecutive quarter.The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa.The benchmark is a forward-looking price for the coming quarter. It is settled via negotiations between...Read More
This year was a virtual event, which for many CEOs as well as journalists, meant being stuck to the screen all day in video meetings, without the sanity break the two-minute dash between meeting roomsRead More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday September 18. China Buyer sentiment in seaborne manganese ore was undermined by weakening portside ore and alloy futures prices. Portside manganese ore prices of both grades slid reflecting lower offer prices to secure deals from alloy smelters, many of whom postponed purchasing in antic...Read More
Adam HamiltonArchivesSep 18, 2020 Gold has been consolidating high since early August, when it rocketed parabolic on colossal gold-ETF demand. That 6-week-old sideways drift has worked off some greed and overboughtness, but plenty still remains. So gold isn't out of the woods yet for this essential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerable d...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The effect of the absence of Turkish steel mills from the international scrap market was evident in tepid trading and weakening prices in the week to Friday September 18, with fears of an imminent market correction.Turkey continues to hold back from booking new cargoesUS market remains quiet on possible correctionVietnam books large volumes at lower pricesTaiwan's upward trend comes to a haltIndia...Read More
The price of shredded scrap imported into India moved down this week following a change in sentiment resulting from the absence of Turkey from the global scrap market, sources told Fastmarkets on Friday September 18.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $317.57 per tonne on Friday, down from $323.20 per tonne one week before.Buying activity was...Read More
The price spread for UK inter-merchant light iron scrap was steady over the week to Friday September 18, with limited supplies coming into merchant yards and a steady rate of export tonnages underpinning support for domestic prices, industry sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?100-110...Read More
This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 - showing sentiment remains bullish overall with dips being bought.This suggests prospects for increased demand for metals from infrastructure projects is driving sentiment and the market is not so concerned by th...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Share this articleTORONTO - Shares in Kinross Gold Corp. rose by more than 10 per cent on Friday after it announced it would introduce its first dividend in seven years in view of growing gold production.The news comes as gold prices continue to hover at near all-time record heights above US$1,950 per ounce.Kinross last paid a dividend of eight cents per share in March 2013, suspending it a few mo...Read More
Finnish nickel producer Terrafame continues to lead the charge in the quest for responsible battery chemical production, announcing on Friday September 18 that its long-awaited European battery plant will be operational in early 2021. Upon completion, the plant will be the largest global nickel sulfate producing facility in the world with a production capacity of 170,000 tonnes per year, equivalen...Read More
Asian seaborne lithium market ended its over two-month steady streak on Thursday September 17 with lower prices captured on the spot market, while China's domestic spot battery-grade lithium markets remained firm with producers insisting on higher prices.The Asian seaborne lithium carbonate and hydroxide prices both fell, ending more than two months of stable pricing. China's battery-grade lithium...Read More
We just weren't ready...One of the reasons coronavirus has had such a big impact on the economy and our social lives was a lack of preparation. PricewaterhouseCoopers writes:Most companies already have business continuity plans, but those may not fully address the fast-moving and unknown variables of an outbreak like COVID-19. Typical contingency plans are intended to ensure operational effectiven...Read More
Hot-rolled coil prices in the United States have risen for the fourth day in a row, with buyers divided on whether prices will remain at relatively elevated levels through the end of the year.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.62 per hundredweight ($572.40 per short ton) on Friday September 18, up by 0.4% from $28.50 per cwt a day earlier on September...Read More
Prices for cold-rolled and galvanized steel sheet in the United States climbed for the sixth straight week after mills filled order books well into November, with some unable to promise shipment until December. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $36 per hundredweight ($720 per short ton) on Thursday September 17, up by 2.9% from $35 per c...Read More