The words "dire" and "critical levels" were used to sum up the increasing shortage of nickel at this week's Lithium & Battery Metals Conference in Perth. This is great news for producers and emerging producers because that means prices will take off. And electric vehicles and power storage are going to come to the rescue ...Read full newsRead More
Up to 20% of the DRC's cobalt is mined by hand, often by children with picks and shovel. (Image: Screenshot from Congo Cobalt MinesVideo | YouTube.)Human rights advocate Amnesty International has accused the electric vehicle (EV) industry of selling itself as environmentally friendly, while most of the batteries they produce use polluting fossil fuels and unethically sourced minerals.In a report...Read More
"$ESTA - Establishment Labs Holdings Inc. (ESTA) CEO Juan Jos?(C) Chac??n-Quir??s on Q4 2018 Results - Earnings Call Transcript https://t.co/7KlNyNVy52"Read full newsRead More
The United States imposed sanctions on Tuesday against Venezuela's state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro.The announcement comes days after Uganda said it was investigatingRead full newsRead More
Invest now or later. Image by artemuestra Gold was trading just shy of the $1,320 an ounce mark in overnight trading in New York on Thursday, a three-week high. The latest bounce comes after Wednesday's Federal Reserve meeting confirmed market expectations that interest rates remain on hold for the rest of the year.A panel of 22 gold analysts surveyed by FocusEconomics in March sees a gentle rise...Read More
Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Wednesday March 20, bolstered by an 11-year low in LME stocks, with the price continuing to approach $2,900 per tonne - a level not seen since July 2018.Total on-warrant material was at its lowest level since 2008 at just 44,300 tonnes, while LME data showed five dominant warrant-holding positions. Three of...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Wednesday after the Federal Reserve decided to leave interest rates unchanged. FedEx (FDX) dropped 3.5% after the shipping company cut its fiscal 2019 profit forecast for the second time in three months. General Mills (GIS) reported better-than-expected fiscal third-quarter earnings. ...Read More
Appetite for US material improved on increased demand from the US steel sector in the week to Tuesday March 19, while Chinese and European premiums traded flat in light of a closed import window and a dearth of demand from the European stainless steel sector respectively. US spot premiums for cut and briquette material narrowed upward. China's closed import window continues to preclude any p...Read More
Zinc premiums crept up in Northern Europe on Tuesday March 19 after buyers were enticed by a price retreat earlier this week; lead markets were largely stable except in India where there were further drops due to a temporary surge in Iranian supply. Northern European zinc buyers are active in the spot market this week, causing premiums to narrow up. China's zinc premium softened amid a close...Read More
Norsk Hydro will restart certain rolling and extrusion operations to allow for continued deliveries to customers, a day after a cyber attack caused temporary halts on its operations, chief financial officer Eivind Kallevik said in a press release on Wednesday March 20.In an earlier press release on Tuesday, Kallevik said every unit was isolated from the company's global network to prevent the atta...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday March 20 pricing session in Europe.Key driversThe European ferro-titanium market has hit a five-month high in the past week, with the rally showing no signs of abating while suppliers struggle to keep up with demand. There is renewed consumer demand for prompt shipment and buying inquiries for second-quarter deliveries. The run-up in prices is set to persist, with $6 pe...Read More
Key data from the Wednesday March 20 pricing session in Europe.Key driversThe European ferro-titanium market has hit a five-month high in the past week, with the rally showing no signs of abating while suppliers struggle to keep up with demand. There is renewed consumer demand for prompt shipment and buying inquiries for second-quarter deliveries. The run-up in prices is set to persist, with $6 pe...Read More
Turkish steel producers have continued to stay back from the deep-sea scrap markets due to sluggish demand for finished steel and the firmness of the offers from scrap merchants, sources said on Wednesday March 20.Offers for HMS 1&2 (80:20) grade material from the United States remained at $330 per tonne cfr, but mills were not willing to pay such high prices, Fastmarkets was told.Besides, the wea...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday March 20.The exceptions were copper and tin prices that were both down by 0.1%, with copper at $6,454 per tonne, compared with $6,459 per tonne at Tuesday's close. The rest were up by between 0.2% for aluminium and 0.6% for both zinc and lead. Volume was average, with 6,563 lots traded...Read More
Australian lithium miner Neometals on Monday March 18 completed the sale of its 13.8% equity interest in the Mount Marion lithium project in Western Australia to co-shareholders Ganfeng Lithium and Mineral Resources Ltd.Ganfeng and Mineral Resources now each own a 50% stake in the project, after paying A$103.8 million ($73.66 million) for Neometals' equity interest.The agreement includes a binding...Read More
Chinese hot-rolled coil prices remained largely stable on Wednesday March 20 despite a weakening of the futures market.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($575-578) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, unchangedAlthough futures declined during the day, which dampened buying interest among some buyers, others continued to snap up HRC s...Read More
The Wednesday Market Minute Global stocks weaker ahead of today's Fed rate decision, with sentiment clouded by reports of tension in U.S.-China trade talks and a profit warning from Federal Express.European stocks slip from late-September highs, with Germany's trade-sensitive DAX leading decliners, amid reports of China pushing back on key issues in talks with Washington.Global oil prices w...Read More
Chinese plate exporters have started to accept lower prices to boost sales following a period of thin trading.Fastmarkets MB's export price assessment for May shipments of Chinese commercial-grade, chromium-added plate was $545-550 per tonne fob for the week ended Tuesday March 19, narrowing downward from $545-555 per tonne fob a week earlier.A cargo consisting of 2,000 tonnes of plate was sold to...Read More
Slow demand and continued negative sentiment have caused wire rod prices in the United States to edge lower while the cost of imported material remains steady, Fastmarkets AMM has learned. Fastmarkets' assessment for industrial quality (IQ) low-carbon wire rod widened downward to $38-40 per hundredweight ($760-800 per short ton) fob mill on Tuesday March 19, down from $38.25-40 per cwt previously....Read More