Berkshire Hathaway's only new purchase in the second quarter was Barrick Gold, which doesn't indicate confidence in a quick economic recovery. Read full newsRead More
Australian shares rose on Friday, buoyed by gains in gold stocks and the central bank's reassurance on policy measures to ease the economic pain of the coronavirus crisis.Read full newsRead More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe ticked up on Friday August 14, breaking a downtrend that started in 2018.Europe Premiums for aluminium primary foundry alloy in Europe moved up Friday for the first time in two years ahead of 2021 negotiations for annual supply in the region.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium,...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
London Metal Exchange aluminium futures closed at their lowest level in two weeks, but copper, lead, nickel and tin finished the day strongly, rebounding after losses in previous days.The LME's three-month aluminium 5pm closing price was $1,746 per tonne on Friday August 14, down by $7.50 per tonne from Thursday's close and marking its lowest closing level since July 31.Prices were under downward...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday August 14.ChinaThe UG2 chrome ore market recorded a pick-up in activity over the past week, with buyers procuring at around the current index level, while some sales were reported above this level later in the week ...Read More
Key data from the pricing sessions in Europe, China and the United States in the week ended Friday August 14.China Domestic prices hold steady, some suppliers continuously report tight spot availability, while those with cargoes held their offer prices firm Export market remained subdued with light liquidityEurope The...Read More
Adam HamiltonArchivesAug 14, 2020 The major gold miners' stocks have skyrocketed since mid-March's stock panic, attracting in a deluge of new capital inflows. That recently catapulted this normally-contrarian sector to extremely-overbought levels, necessitating a rebalancing correction. The gold miners are just finishing reporting their operating and financial results from the challenging last qua...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday August 14. ChinaSeaborne manganese ore prices continued to climb up amid improved sentiment resulting from growing portside ore and alloy prices and continued buying of 37% manganese ore material. Prices for 44% manganese ore will follow the trend pending fresh offers, sources said.Portside ore pric...Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
An overview of the battery raw materials markets and the latest price moves.Read More
The inter-merchant spot market for light iron scrap in the United Kingdom was up over the week to Friday August 14 due to firmer demand from major shredders that supply consumers in the steel sector combined with persistently tight availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was assessed at...Read More
Turkish steel mills held back from the deep-sea scrap markets this week amid limited long steel demand in the country's export and domestic markets. And the slowdown in Turkey stopped global scrap prices increasing further.Turkish steel mills focused on finished steel sales instead of scrap purchasesRecent sales to Turkey and Bangladesh kept US export markets firmWeak steel markets in Vietnam cool...Read More
Liberty Steel Group, part of the GFG Alliance, is to buy French steel rail business Hayange and the Ascoval steelworks. Liberty Steel Group has committed to providing an initial ?,?65 million ($76.83 million) in new financing for Hayange and Ascoval to enact its industrial plan. Further details of development plans for the sites will be announced in due course, Liberty Steel said on Friday August...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
China's battery-grade lithium prices held in the week ended Thursday August 13 due to a stalemate in negotiations between buyers and sellers. Buyer opposition to sellers' higher offers kept the Chinese battery-grade lithium carbonate price rangebound. China's lithium hydroxide market held for the fifth consecutive week. Continued weak Asian battery-grade lithium demand kept the spot mark...Read More
The South American flat-steel import market continued on an uptrend in the week to Friday August 14, with customers accepting more expensive offers from several different regions.Clients decided to settle deals for October-shipment cargoes at higher prices, because demand was gradually improving and their supply needs had grown. It had become evident that it was now a seller's market, participants...Read More
Indian steel mills achieved a $10-20 per tonne increase in their hot-rolled coil export prices in the week ended Friday August 14, even though inquiries have dried up for future export sales."The export market has cooled off and there are very few bids or inquiries for HRC exports," an official with an Indian steel mill said.According to one market participant, buying interest from mills has reduc...Read More
Prices for both hot-rolled coil and cold-rolled coil in Turkey's domestic market have increased over the week to Friday August 14, but demand was only moderate because of the holiday season, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $510-515 per tonne on August 14, rising from $500-505 per tonne on August 7.HRC...Read More