German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonn...Read More
Global scrap prices were likely to fall soon in the wake of a recent surge across many markets, with concern among market participants about whether higher priced deals were sustainable, Fastmarkets heard during the week ended Friday February 15.Turkish mills stepped back from purchasing deep sea cargoes this week, with prices remaining stable throughout the week as a result.This withdrawal knocke...Read More
The price of shredded ferrous scrap imported into India went up on higher deals and offers heard this week but a correction is expected soon, market participants said on Friday February 15.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $345.50 per tonne cfr on February 15, up from $342.67 per tonne cfr on February 8.Deals for shredded material into India w...Read More
Miner Vale has announced a fire has caused damage to its iron ore distribution center in Malaysia on Friday February 15. The fire caused material damage and took place in the one of the transfer houses of the conveyor belt system of the center,...Read More
The seaborne coking coal market remains insulated from the severe supply disruption affecting the other steelmaking raw material, iron ore, sources said on Friday February 15 amid a softening of prices for the former.A May-laycan cargo of premium hard coking coal in the branded segment was traded on trading platform Global Coal at $205 per tonne fob Australia during the day. This is the same price...Read More
A fire at Korea Zinc's Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.The fire, which lasted for around half an hour, took place in the plant's power transformer, according to local daily newspaper JoongAng Ilbo.London Metal Exchange three-month zinc futures have risen 1.4% from yesterday's close to $2,591 per tonne as of 9...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 15* Copper -$164.8 (-1,119.32 yuan) Aluminium -$327.88 (-2,226.91 yuan) Zinc -$77.01 (-523.04 yuan) Nickel -$115.55 (-784.78 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Due to an input error, Fastmarkets' price book entry for European grade-553 silicon briefly showed an incorrect value on Friday February 15.The correct price, as assessed on February 15, for silicon, grade 553, min 98.5% Si, in-warehouse Rotterdam, is ?,?1,800-1,860 ($2,030-2,098) per tonne.Fastmarkets' price book and database have been updated accordingly.The weekly assessments for this price hav...Read More
The following Fastmarkets minor metals prices changed on Friday February 15:Chromium MB free market alumino-thermic, $/tonne: $8,800-9,650 per tonne from $9,000-9,950Cobalt MB free market alloy grade, $/lb: $15.90-17.95 per lb from $16.60-18.85Cobalt MB free market standard grade, $/lb: $17.00-19.30 per lb from $17.30-19.45Cobalt...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. Read More
Fastmarkets proposes to launch a monthly Italy domestic grade E40 shredded steel scrap ?,? per tonne delivered to Italian mill price assessment. The introduction of the price will expand Fastmarkets' Italian scrap market coverage, complementing its monthly assessments for domestic E3 and E8 grade scrap in Italy. The launch of the new price will allow Fastmarkets to cover all main grades of the mat...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday February 15:Aluminium ingotDuty paid delivered works pressure diecasting ingot...Read More
Turkish scrap import prices have started to show some negative signals, with slightly lower offers from Baltic Sea suppliers, while demand from Turkish producers was very sluggish, sources said on Friday February 15.But there was news heard on Friday of a fresh Baltic Sea cargo, which was the only transaction this week. A steel mill in the Izmir region booked the cargo, which comprised 25,000 tonn...Read More
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In the last few weeks, uncertainty has pushed gold up above US$1,300. The fact that gold has been increasing in value shows why it can be important for investors to have a holding in the yellow metal. Besides investing in physical gold, people have traditionally had only a few choices for gold investment. There are the gold miners, gold certificates, exchange-traded funds, and royalty streaming co...Read More
Westhaven Ventures Inc. (TSX-V:WHN) is a Canadian based exploration company focused on advancing its wholly owned Shovelnose, Prospect Valley, Skoonka and Skoonka North gold projects covering over 35,000 hectares within the prospective Spences Bridge Gold Belt in British Columbia. The projects are situated within a geological setting like those which host other significant epithermal gold-silver s...Read More
Delrey Metals (CSE: DLRY, FSE: 1OZ) is focused on sourcing, financing and developing undervalued, strategic energy metals assets. We learned from Morgan Good, Founder, President and CEO of Delrey Metals. They own four vanadium projects and one cobalt project. The Company's main focus is on vanadium. According to Mr. Good, the vanadium sector is expected to increase in size, demand, and value over...Read More
Jordan Roy-Byrne of TheDailyGold.com is well-known for his commentary on the gold market. In this interview, Jordan shares not only his thoughts on where gold is headed but also regarding how he approaches junior gold stock investing. Jordan provides an overview profile of his ideal junior gold stock, offers his commentary on mining jurisdictions he prefers, the state of junior mining finance and...Read More
Continue...Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund manager...Read More