Turkish domestic scrap prices have remained largely stable over the past week on moderate demand, sources said on Monday March 4.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,650-1,820 ($307-338) per tonne delivered, narrowing upward from the TRY1,630-1,820 per tonne of last week.This...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Global Ore, 70,000 tonnes of 65% Fe Iron Ore Carajas, traded at $98.30 per tonne cfr China, bill of lading...Read More
Physical iron ore trading was lackluster on Monday March 4 amid declines in the futures markets.MB 62% Fe Iron Ore Index: $87.69 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.09 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.88 per tonne cfr Qingdao, down $0.22 per tonne. MB 58% Fe Premium Index: $76.11 per tonne cfr Q...Read More
Seaborne iron ore concentrate and pellet markets continued to face low liquidity and falling prices in the week to Friday March 1, given limited demand from China for high-grade materials.Concentrates The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $96.94 per tonne cfr China last Friday, down by $6.03 per tonne from February 22.The daily Fastmarkets MB 65% Fe Iron Or...Read More
The seaborne coking coal market came under some downward pressure on Monday March 4, with transactions for premium products being concluded below prevailing levels.A March-loading cargo of a top Australian brand was sold at $216.50 per tonne cfr China to an end user in northern China. The same brand of material had traded at $217.38 per tonne cfr China last Friday.An April-loading cargo of premium...Read More
The Chinese government is in talks with local companies, including Minmetals, to sell the ammonium paratungstate (APT) stocks it holds in Fanya Metal Exchange warehouses, sources told Fastmarkets at an industry conference in London last week.Some 29,651 tonnes of APT are still held by the collapsed Fanya - equivalent to almost three months' output in China. No agreement has been reached so far but...Read More
Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Monday March 4, with progress in the US-China trade talks and a continued downtrend in LME inventories doing little to spur strong buying. The three-month copper price is down by 1% and trading around $6,400 per tonne after reaching levels above $6,500 per tonne last week. Volumes traded in the metal...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsHe said the company was ready to kick off development of its $1.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsHe said the country had US$59.Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment, click here.To see all...Read More
The benchmark standard-grade cobalt price slumped to two-year lows in February amid a surplus of metal, leaving the market to shrug off longer-term bull signs on the supply and demand side. Price moves Cobalt metal prices continued to tumble in February, with concerns of further declines deterring consumers from making large spot purchases. Where possible, buyers have opted to procure cobalt hydro...Read More
Key data from the pricing sessions in London and Shanghai on Friday March 1.China Key drivers Most Chinese traders insisted offering at higher prices due to increased material costs and the quick appreciation of the yuan, but no spot deals were concluded. The final prices for some Japanese tenders were heard to have closed in range of $1,480-1,520 per tonne fob. Yet market participants downplayed...Read More
The Chinese antimony price trended down in the latest assessment period ended on Wednesday February 27 amid persistently thin buying interest and suppliers' cutting prices to encourage sales.Fastmarkets' price assessment for MMTA standard-grade II antimony, delivered duty-paid in China stood at 47,500-48,500 yuan ($7,100-7,250) per tonne on February 27, down 2% from 48,500-49,500 yuan per tonne a...Read More
Key data from the Thursday February 28 pricing session in Europe. Key drivers Cobalt hydroxide payables rose steadily over January and February while metal prices plummeted; lower metal prices are understood to have pushed some artisanal supply out of the market, generating greater interest in traceable units. In real terms, paid prices for cobalt hydroxide continued to slide in February due...Read More
Fastmarkets launched two reference prices for the cobalt hydroxide market on Thursday February 28: a cobalt hydroxide payable indicator, and a cobalt hydroxide index, both min 30% Co, cif China. Fastmarkets launched two reference prices for the cobalt hydroxide market on Thursday February 28: a cobalt hydroxide payable indicator and a cobalt hydroxide index, both min 30% Co, cif China. After a con...Read More
Hunan Chuangda, one of China's largest ferro-tungsten exporters, has halted its tungsten operations and is switching focus to vanadium, a source at the company told Fastmarkets."It is our normal strategy to change priority of production from tungsten to vanadium [and] we have no further plans to produce ferro-tungsten after the Chinese New Year holiday lull. We only have around 200 tonnes of ferro...Read More
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-Cole Stevens joining the Midas Letter team April-"the longer the base, the greater the potential race" (longer it bases and then breaks out)-Ventura Cannabis (CNSX:VCAN) chart: early days for them; way outside of the Bollinger Bands;-C21 Investments (CNSX:CXXI) chart: last candle really large; close to profit taking? big trading volume-C21 Investment review; value of stock up $50M since they were...Read More
The battle for Cornerstone Capital Resources Inc. (TSXV-CGP, OTC-CTNXF) is heating up following a preliminary takeover bid from joint venture partner SolGold. However, Cornerstone is likely to reject the overture, based on its latest press release on the matter and on comments by Glen McKay, a co-founder and former president and CEO of the junior mining exploration company.Cornerstone has a joint...Read More