Bulls are back... Bulls...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Price rebound limited by weak demand...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. The Canadian Dollar moved slightly higher at U.S. 75.95 cents following release of August Canadian Housing Starts at 8:15 AM EDT. Consensus was a drop to 212,500 from 222,000 in July. Actual was 226,600.Wendy's dropped $1.43 to $20.52 after reducing its 2019 guidance. Ford dropped $$0.28...Read More
If you ask most people when they'd like to retire, they'll tell you 'yesterday.'However, there's an interesting argument to be made for delaying retirement just one more year.According to the Employee Benefit Research Institute, the number of workers reporting that they expect to work past age 65 rose from 16 percent in 1991 to 48 percent last year.It seems like more workers are getting the messag...Read More
An internationally recognized autism expert will be on the Colorado School of Mines campus Sept. 18 to share best practices and advice for working with students and parenting children with autism spectrum disorders.Jane Thierfeld Brown, Ed.D, is the director of College Autism Spectrum, an independent organization of professionals whose purpose is to assist students with autism spectrum disorders a...Read More
This episode features the provincial mining panel discussion from The Northern Miner's annual Canadian Mining Symposium held at Canada House in London, U.K., earlier this year. The panel consisted of Chad Norman Day, President, Tahltan Central Government; Steve Burleton, President and CEO, GT Gold; Dave Nikolejsin, Deputy Minister, Province of British Columbia, Ministry of Energy, Mines and Petrol...Read More
Ontario is one step closer to making the Ring of Fire a reality.Rick Gregford, Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, announced in August that the province would work directly with First Nation communities to develop infrastructure that unlocks the mineral-rich region in northern Ontario.Establishing bilateral agreements with individual First Nation...Read More
Export prices for steel billet from the CIS region continued to drop in the second week of September under pressure from low demand and the weakening of the international scrap market.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $366 per tonne on Tuesday September 10, down by $4 per tonne day on day.There were few indications of offers on Tuesday. Market participants repo...Read More
Turkish deep-sea scrap import prices fell again on Tuesday September 10, after a Baltic Sea supplier agreed to accept a lower bid from a Turkish steel mill.Late on Monday, a steel mill in the Izmir region booked a Baltic Sea cargo of 25,000 tonnes of HMS 1&2 (80:20) at $240 per tonne cfr.And other Baltic Sea scrap suppliers were offering HMS 1&2 (80:20) at $245 per tonne cfr.As a result....Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion minerals"He has changed a lot of the rules, released a lot of permits"SPONSOREDA roadshow for a high-yielding bond that would have done the trick was pulled by Sirius in early August...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday September 10 that are worth another look.Codelco, the world's largest copper producer, will keep its European copper cathode premium for 2020 supply at $98 per tonne, the same level as for 2019, sources told Fastmarkets on September 10.Demand from the Asian energy sector and domestic buyers in Indonesia will continue to support...Read More
Chilean copper production rose by 0.9% year-on-year in July 2019 with growth at the Esperanza, Collahuasi and Spence mines offsetting lower output from Codelco, Escondida and Anglo American.The country produced 486,500 tonnes of copper content during the month, compared with 482,000 tonnes a year earlier, Chilean copper commission Cochilco said on Monday September 9. Volumes had not grown on the s...Read More
The queue to remove aluminium from London Metal Exchange-approved warehouses operated by Istim in Port Klang, Malaysia, doubled to 64 days at the end of August, according to the latest LME data. At the end of July the queue was down to just 33 days, but a series of large cancellations throughout August have extended the time taken for metal to be delivered out of warehouses once again. Around 86,0...Read More
The three-month copper price on the London Metal Exchange was slightly lower during morning trading on Tuesday September 10, falling below its nearby $5,800 per tonne support level amid broad complex weakness, while aluminium futures stayed above the $1,800 per tonne threshold. Volumes traded in copper over the morning have been moderate, topping the complex at around 4,400 lots exchanged as of 9:...Read More
Base metals prices on the Shanghai Futures Exchange exhibited mixed movements during morning trading on Tuesday September 10 while the complex reacts to global economic growth concerns and China relaxing its monetary policy. China's disappointing trade data for August, with exports unexpectedly down 1% year on year, weighed on market sentiment at a time when trade tensions between the world's top...Read More
Demand from the Asian energy sector and domestic buyers in Indonesia will continue to support steel plate prices in the final quarter of this year, a source close to a leading Japanese steelmaker told Fastmarkets this week."Crude oil prices have been hovering about $50-60 per barrel and this has led to more interest from the energy sector to increase steel procurement," the source said.This was mo...Read More
A top Japanese steelmaker is expecting a rebound in prices for hot-rolled coil (HRC) in Asia in the fourth quarter of the year, based on the bullish fundamentals which should be seen during that period, Fastmarkets has heard."Aggressive export offers from Indian mills - due to weak domestic demand during the monsoon season and short-selling by traders which held bearish oulooks on the spot market...Read More
Import prices for steel billet in the United Arab Emirates have gone down because of the global fall in steel prices and poor demand, and rebar prices were expected to start a similar downtrend soon, sources said on Tuesday September 10.Market participants were expecting new prices to be announced in the near future, Fastmarkets was told.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More