Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
"2019 Gold Stocks and Investment Report. Find out what analysts, investors and gold firms are saying about the market in this free report ... https://t.co/FKdxiwRLCq #preciousmetals #gold #investing"Read full newsRead More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Base metals price on the London Metal Exchange were mostly higher at the close of trading on Friday March 29, with copper and zinc outperforming.Despite continued strength in the US dollar, risk appetite has improved.The three-month copper price closed almost 2% higher while volumes exceeded 20,000 lots. The metal's on-warrant stock count has recovered slightly over March after reaching its l...Read More
The London Metal Exchange has proposed an enhancement of its warehouse stock reporting model in a bid to garner further transparency against a recent tide of inordinate stock moves, it said in its latest warehousing discussion paper released on Friday March 29. In accordance with the LME's warehousing committee, the bourse has unveiled nine warehouse proposals to counter the expansion of ware...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 29. China China's domestic ferro-chrome spot price softened after some suppliers dropped their offer prices to encourage sales after noticing that stainless steel mills were reluctant to accept prices higher than their April tender prices. The imported charge chrome...Read More
A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29. The price is equivalent to around 2,560 yuan per tonne ex-works, taking into account nearly 250 yuan per tonne for freight to Yantai port and other costs. This is 3.8% or 100 yuan per to...Read More
Miner MMG has declared force majeure on copper concentrate supply contracts from the Las Bambas mine in Peru.Two customers due to receive tonnages said they had been told by offtake partners they would not be receiving material as contracted. "We got...Read More
Adam HamiltonArchivesMar 29, 2019 The major silver miners have rallied higher on balance in recent months, enjoying a young upleg. That's a welcome change after they suffered a miserable 2018. Times are tough for silver miners, since silver's prices have languished near extreme lows relative to gold. That has forced many traditional silver miners to increasingly diversify into gold. The major silv...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Global scrap prices mostly fell in the week from Monday March 25 to Friday March 29, with only prices for exports from the United States rising on steady demand from the key import market of Turkey. Turkish steel producers buy mid-week Turkish demand supports US ferrous scrap export prices Weaker downstream markets hold back Vietnam ferrous scrap prices Taiwanese prices fall on lower bids India pr...Read More
Chrome steel prices in the UK edged higher in the week ended Friday March 29 on an increase in the quarterly European ferro-chrome benchmark price, Fastmarkets has learnt.The price of steel scrap solids with a chromium content of 12-13% was assessed by Fastmarkets on March 29 at ?190-230 ( ?249-302) per tonne delivered, widening upward by ?10 per tonne. This was the first change in the assessmen...Read More
Turkish steel mills continued to remain out of the deep-sea scrap market at the end of the week due to the uncertain political situation in the country, sources said on Friday March 29.The Turkish lira was still very volatile against the US dollar because of the political instability and Turkish steel producers preferred to wait for the results of Sunday's mayoral elections before m...Read More
Positive headlines regarding continuing US-China trade talks have fueled a recovery in global risk sentiment so far on Friday March 29, subsequently providing support to three-month base metals prices on the London Metal Exchange.Nickel and zinc led the complex higher, both up by 0.8%, while copper followed close behind with a gain of 0.7%. Lead, tin and aluminium saw more moderate increases this...Read More
The Friday Market Minute Global stocks gain as Treasury Secretary Steven Mnuchin touts "constructive" trade talks with Vice Premier Liu He in Beijing.U.S. Treasury curve inversion between 3-month bills and 10-year notes narrows as global bond yields edge modestly higher, but softer European inflation readings continue to apply downward pressure.U.K. Prime Minister Theresa May will brin...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Chinese domestic lithium spot prices held in the week ended Thursday March 28 with most producers resisting consumer expectations for lower prices from the reduced value-added tax (VAT) and the latest Chinese new energy vehicles (NEVs) subsidies. Battery-grade lithium prices held steady in China this week despite consumer pressure for lower prices following Chinese policy changes, such as the VAT...Read More