An overview of the battery raw materials markets and their price moves from the past week.Read More

Courts in Brazil have ruled that up to 12.6 billion Reais ($3.44 billion) of Vale's assets and resources will be frozen after the rupture of a tailings dam at Vale's C??rrego do Feij??o iron ore mine, the miner stated on Friday February 1.The federal prosecutors' office, state prosecutors and the state government of Minas Gerais, where Feij??o is located made most of the complaints. Additionally,...Read More

Adam HamiltonArchivesFeb 01, 2019 Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attract...Read More

First Quantum Minerals has resumed copper production at its Las Cruces mill in Spain after a land slippage last week, by processing lower-grade stockpiled ore.The stockpiled ore was expected to provide feed for the next several months while the company, which is based in Toronto, Canada, obtains the necessary regulatory approval to begin mining at Phase 6, an area that was not affected by the land...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 pushed upward during the working week from Monday January 28 to Friday February 1, driven by heightened demand due to restocking activity from steel mills worldwide. Steelmakers in Turkey secured at least 17 ferrous scrap cargoes over the past week, pushing Turkish scrap import prices and US ferrous scrap export prices higher during that period. Asian and Indian import pri...Read More

Light iron steel scrap prices in the United Kingdom increased for the second consecutive week on tighter availability because collection rates have dropped off amid freezing temperatures in the week to Friday February 1.The move to higher prices is only the second increase since the start of November 2018, and puts the market at a level last seen on December 14. Major shredders need a high, steady...Read More

Alloy steel scrap prices in Europe increased in the week ended Friday February 1 because of higher costs for nickel and molybdenum.The largest gains were seen in the price of European 18/8 scrap solids imports, which moved up by ?,?20-40 per tonne to ?,?940-980 ($1,079-1,125) per tonne cif on Friday.The UK domestic price for 18/8 solids increased more modestly, with traders complaining that mills...Read More

[Editor’s note: This story was previously published in November 2018. It has since been updated and republished.]Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven’t reached, and may never reach, their potential.But there are diamonds in the...Read More

The price of copper on the Comex exchange in the United States edged lower in the final session of trading on Friday February 1, with the market awaiting further news on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped by 0.20 cents to $2.7825 per lb.Price action in the red metal has been positive throughout the week, on lo...Read More

Further weakness in China's Caixin manufacturing purchasing managers' index (PMI), that fell to 48.3 in January from 49.7 in the prior month, was enough to dent confidence in the base metals market this morning, Friday February 1, with prices for the most part weaker as a result. Three-month base metals prices on the London Metal Exchange were down by an average of 0.3% this morning, with aluminiu...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

China's domestic battery-grade lithium-carbonate spot price remained stable this week, while the transportation of lithium compounds stopped ahead of the Lunar New Year holiday (February 4-10).Battery-grade lithium carbonate prices stable ahead of the holiday. Lithium hydroxide prices unchanged on thin trading activity. Seaborne Asian cif China, Japan & Korean prices remain unchanged.&nb...Read More

Steel coil prices in Turkey increased again this week because of the high cost of scrap alongside other global price increases, with more increases expected, sources told Fastmarkets on Friday February 1.Hot-rolled coil (HRC) stocks are low in the country because buying was weak for a long time when prices were falling.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap - a r...Read More

Indian mills are likely to increase their domestic prices for hot-rolled coil (HRC) in February sales by about 1,000 rupees ($14) per tonne because of rising international HRC prices, particularly in China, Fastmarkets heard on Friday February 1.Officials from at least two mills confirmed the likelihood of a price rise. Indian mills were likely to issue new price lists next week, the officials sai...Read More

Coated steel prices in Turkey increased in the week ended Friday February 1, with some producers closing their sales books because they were short of the hot-rolled coil (HRC) base material.The producers had low stocks of HRC, and they wanted to wait and see how much the price of this commodity will increase before announcing new prices for coated coil, sources told Fastmarkets.Fastmarkets' weekly...Read More

The growth in apparent steel consumption in the EU will slow to only 0.5% in 2019, followed by a 1.2% rise in 2020, European steel association Eurofer said on Thursday January 31.Europe's apparent steel consumption was forecast to reach 164 million tonnes in 2019 and 166 million tonnes in 2020.These numbers are "less than one-third of the compound annual growth rate of apparent steel consumption o...Read More

The Friday Market Minute Global stocks mixed as investors weigh progress in U.S.-China trade talks over slowing growth signals in the world's second largest economy.Asia stocks hold four month highs despite the weakest reading for China business and manufacturing activity in three years as the U.S. hails "substantial" progress in talks with Beijing.European stocks hit a two-month high, but...Read More

The levels of the quotas set as definitive measures by the European Commission (EC) will not stop the rise in the region's import volumes, European steel association Eurofer said on Friday February 1.The EC will impose definitive safeguard measures from February 2 on a list of imported steel products, in the form of tariff rates and a range of quotas that are partly annual and country-specific and...Read More