Seaborne premium hard coking coal and hard coking coal prices in both fob and cfr markets dropped drastically on Monday October 26 due to lack of demand with sources reporting a stalemate between miners and buyers. Fastmarkets indices Premium hard coking coal, fob DBCT: $107.74 per tonne, down $5.51 per tonne Premium hard coking coal, cfr Jingtang: $119.83 per tonne, down $6.22 per tonne Hard coki...Read More
Singapore-based rebar buyers bought fresh quantities of Turkish rebar in the week to Monday October 26 on returning spot demand, sources told Fastmarkets.A group of buyers had to purchase 50,000 tonnes of January-shipment Turkish rebar from a producer located in Izmir, sources said, although this could not be directly confirmed by some of the counterparties heard to be involved in the transaction...Read More
The lithium market has grown to a stage where it can support a futures contract, especially in the context of significant price moves in recent years and forecasts of further growth, Robin Martin, head of market development at the London Metal Exchange, said during a Fastmarkets conference on Monday October 26. "In terms of size, [lithium] is now at a level where it can support an actively traded...Read More
Key data from Fastmarkets' pricing session in London on Friday October 23.Key drivers Antimony prices in Europe continued to gain strength on tight raw material supply in China, which is also leading replacement costs up rapidly. Offers for antimony from China were heard within $6,000-6,300 per tonne, cif Europe for arrival in November, market participants said. Producers were unwilling to lower t...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process...Read More
Limited availability and a solid outlook for electric vehicle (EV) demand have given annual contract negotiations for cobalt hydroxide a kick start, but discussions for cobalt metal may evolve over a longer period, market sources told Fastmarkets.While Covid-19 has hit global economies and dented consumer sentiment, it also put low-carbon economies at the forefront of government policy and expecte...Read More
Key data from the Friday October 23 pricing session in Shanghai.Key drivers Chinese exporters continued to raise their offers given the rapid rise in domestic prices. No deals were reported, however, because overseas consumers were resistant to the higher prices. Domestic producers are...Read More
The magnesium price in China rose to a two-month high last week after producers raised their offers amid growing optimism over planned stockpiling by the Yulin Municipal Government, market sources told Fastmarkets.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 12,700-12,800 yuan ($1,896-1,911) per tonne on Friday October 23, an increase of 400 yuan per tonne (3.2%) from 12...Read More
Prices and payables for cobalt hydroxide stretched to new highs last week, when Chinese refineries continued their restocking efforts in a market that remains tightly supplied for spot cargoes. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, was 78.5-80.5% of the price for cobalt standard grade, in-warehouse Rotterdam (low-end), on Friday October 23, widening upward from th...Read More
Seaborne prices for both low-and high-grade manganese ore in China moved down for the third consecutive week in the week to Friday October 23, following deteriorating overall market sentiment amid weakening portside ore and alloys markets. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $3.92 per dry metric tonne unit (dmtu) on Friday, down by 11 cents per dmtu, or 2.7%, from $4.03...Read More
Portside prices for low- and high-grade manganese ore in China fell for the sixth consecutive week in the week to Friday October 23, partly as a result of traders lowering their offer prices to secure deals with domestic alloy smelters, market participants told Fastmarkets. Both prices are at their lowest levels since November 8, 2019, when the low- and high-grade ore stood at 31.70 yuan ($4.73) p...Read More
A summary of China's ores and alloys imports for September 2020.In brief China's import of ferro-chrome shrunk month on month in September, with the volumes accepted from South Africa halved compared with August when an "overwhelming" amount of material arrived following the resumption of production and export activities in the major supply state. Market expectations of healthy demand in Septembe...Read More
A summary of China's ores and alloys exports for September 2020.In brief China's ferro-silicon export volumes increased month on month with demand from Asian countries starting to recover slightly, despite the fact that September exports had significantly decreased year on year from 2019.Stock replenishment from overseas consumers contributed to the increase...Read More
Lithium spot prices are starting to change direction upward but it will take time for a rebound across the whole lithium complex, Fastmarkets head of battery raw materials research and base metals William Adams during a panel discussion at the Lithium Supply & Markets conference on Monday October 26. "We're starting to see a move up [for spot prices] and by the end of next year will start to see a...Read More
The COVID crash may not be over yet; ask Warren Buffett, who’s been treading cautiously amid the S&P 500’s V-shaped rebound off its March lows. With U.S. election jitters and skyrocketing coronavirus cases that could threaten to send the world back into lockdown, the recent bout of excessive selling activity should have come as no surprise.With stocks on the retreat again following...Read More
Keyera (TSX:KEY) and Newmont (TSX:NGT)(NYSE:NEM) are two great Canadian stocks to buy now. Keyera is an energy stock that will pay you a high and regular dividend. Newmont is a gold stock that will bring some diversification to your portfolio and hedges it against inflation. Let’s look at these two Canadian stocks in more detail.KeyeraKeyera is an integrated Canadian midstream energy company...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 27, 2020 As another tidal wave of Corona smashes America, the nation’s stock market investors beg the government and central bank for more stimulus and QE welfare handouts. “Will markets believe that central banks can simply decouple valuations from fundamentals for anothe...Read More
Meanwhile, Eurasia Group's Ian Bremmer has tipped "an enormous amount of confrontation" between China and the US, no matter who wins next week's US presidential election, Bloomberg reported.Gold is above US$1,900 an ounce and silver is worth more than $24/oz on the spot market.Silver explorer New Pacific Metals (TSX: NUAG) closed up 17.2% yesterday on no news.It said last week it had started advan...Read More
Share this articleTeck Resources Ltd. reported its third-quarter profit and revenue fell compared with a year ago.The Vancouver-based mining company says it earned a profit attributable to shareholders of $61 million or 11 cents per diluted share for the quarter ended Sept. 30.The result compared with a profit attributable to shareholders of $369 million or 66 cents per diluted share in the same p...Read More