The 65% Fe iron ore derivative contract offered by the Singapore Exchange (SGX) registered record levels of open interest and monthly traded volumes in July 2019, with the contract seeing participation from a diverse set of physical and financial stakeholders in the iron ore value chain.Open interest for the contract, which is settled on the basis of Fastmarkets' index for iron ore 65% Fe Brazil-o...Read More

The concentrate and pellet segments of the seaborne iron ore market continued to experience lackluster trading last week, which kept prices largely unchanged.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $120.76 per tonne last Friday August 2, up $1.35 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines,...Read More

Sentiment in financial markets continues to weaken following last week’s collapse of US-China trade talks and US president Donald Trump’s latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Base...Read More

U.S. equity index futures moved sharply lower this morning. S&P 500 futures were down 44 points in pre-opening trade. Index futures responded to growing tensions between the U.S. and China. China retaliated over the weekend following an increase in tariffs announced by the U.S. on Friday.Other major world equity indices also moved lower. The Nikkei dropped 367 to 20,720, The Shanghai Composite...Read More

The United States will impose additional tariffs on Chinese goods entering the country from the start of September, according to US President Donald Trump, which could hit shipments of metals and minerals from China to the US and suppress commodity consumption in the former.In comments on his Twitter account on Thursday August 1, Trump said that "Trade talks are continuing, and during the talks th...Read More

Key data from the pricing sessions in Asia and Europe for the week ended August 2. ChinaKey drivers The price of antimony MMTA standard-grade II, ddp China, remained flat week on week due to sparse trading activity. Domestic antimony suppliers remained resolute in holding their offer prices firm, citing limited ore material at hand.Some domestic antimony consumers chose to sit on the sidelines aft...Read More

The downward trend in the benchmark cobalt price slowed in July, with some suppliers less eager to compete for sales while spot activity is slow, speculative buying spurs the domestic Chinese metal price and optimism filters through to the cobalt sulfate market.Price move Traders in the international market continued to focus on back-to-back business rather than restock in any meaningful way in Ju...Read More

Spot prices for cobalt metal moved up for the first time since late April on Friday August 2 after recent price declines prompted consumer and trader buying against a backdrop of stronger prices in China. Fastmarkets' benchmark standard-grade cobalt price, in whs Rotterdam rose 1.4% to $12.20-13 per lb on August 2. Prices had moved to $12.10-12.75 per lb on July 31, widening out from $12.30-12.65...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Fastmarkets MB prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne Click here for Fastmarkets' price assessment for the cobalt sulfate, Co 20.5% basis China ex-works, adjustment...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsANZ, which produces a regular metal commentary called Commodity Call, said in the latest edi...Read More

Private investment modernises Colombia's emerald production.Read full newsRead More

Here are 5 highly-ranked gold stocks that are also currently trading for less than $10 a share.Read full newsRead More

SINGAPORE / ACCESSWIRE / August 1, 2019 / Singapore-based fintech GoldFinX has released details in a document for press analysis of its first potential deal, thus kick-starting a steady flow of what should be many more similar initiatives in the 2nd half of 2019.This report highlights its commitmentRead full newsRead More

If you ask me, facial recognition technology is getting a bum rap.It's almost like every headline I see is a fear-inducing scare-piece about how some dark entity is going to steal your face.What they're going to do with it, I don't know.I mean, I hate to break it to the people behind these stories, but the government already has my picture.The state of Maryland gets a freshly-updated photo every t...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rebounded Tuesday and finished up nearly 300 points, one day after the major indexes posted their worst day of the year. China pegged its yuan inside the 7 mark after the Treasury labeled the country a currency manipulator. Take-Two Interactive Software (TTWO - Get Report)  rose after the videogame...Read More

Aluminium premiums were largely stable in the global markets in the week ended Tuesday August 6, except in the US Midwest, where a lack of demand pushed the premium downward. US Midwest premium falls to lowest since March MJP premium stable but some lower deals heard due to financial year-end stock clearing European market flat with activity expected to resume later this month.US Midwest premium s...Read More

A summary of base metals premiums from across the globe for the week to Tuesday August 6. Please click...Read More

Bob Moriarty ArchivesAug 6, 2019In late 2008 during what is now referred to as the Great Financial Crisis, government and financial managers had an opportunity to reset a badly out of balance dysfunctional banking system. It would have required pain from bank bondholders, shareholders and taxpayers in general. Everyone recognized the banks were burning down, seemingly out of control.We should have...Read More

UC Rusal has suspended operations at Russia's biggest alumina plant in Achinsk due to a series of blasts at a Russian military base nearby, sources close to the matter told Fastmarkets on Tuesday August 6.Market participants said that a fire broke out at a nearby military base and an explosion was heard, which led Rusal - the largest aluminium producer outside China - to suspend its operations at...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday August 6 that are worth another look.Lithium producer Orocobre and joint-venture partner Toyota Tsusho Corp have started construction on what will be the first lithium hydroxide plant in Japan. UC Rusal has suspended operations at Russia's biggest alumina plant in Achinsk due to a series of blasts at a Russian military base...Read More