The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
Turkish steel mills have returned to the deep-sea scrap markets, booking several cargoes at higher prices than previously, market sources said on Thursday October 22.On Wednesday, sources speculated on the direction prices could move after three days with no bookings. But that was before the latest transactions came to light late in the day, after Fastmarkets' index calculation had closed.A steel...Read More
Prices for containers of steel scrap imported into Bangladesh have risen over the past seven days, supported by higher freight costs, market participants told Fastmarkets on Thursday October 22.Rising demand for grain transportation has driven up container freight costs into Bangladesh, sources said, together with solid gains seen this week in the markets for both Japan export scrap and Taiwan imp...Read More
Iron ore prices in the futures and seaborne market decreased while the port market remained relatively stable on Thursday October 22, sources said, adding that deals done for building materials had supported the seaborne and port prices.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.91 per tonne,down $0.58 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.99 per tonne,down $0.65 p...Read More
Seaborne coking coal prices in both the cfr China and fob Australia markets were flat on Thursday October 22 amid limited trading activity, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.74 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $126.78 per tonne, unchangedHard coking coal, fob DBCT: $105.02 per tonne, unchangedHard coking coal, cfr Jingta...Read More
Japanese suppliers have stopped giving discounts for heavy scrap to buyers in South Korea and Taiwan over the last week, and have raised their export prices, market sources told Fastmarkets.Demand among buyers in Vietnam remained solid while prices were also boosted by the return of Taiwanese consumers to the market for Japanese scrap following a fall in the supply of United States-origin containe...Read More
The London Metal Exchange will launch a lithium contract based on the monthly average of Fastmarkets' price assessment for lithium hydroxide monohydrate, it said during an online briefing on Thursday October 22 as part of the annual LME Week event.The contract will use the assessment for lithium hydroxide monohydrate, min 56.5% LiOH.H2O, battery grade, spot price, cif China, Japan & Korea. It is p...Read More
Three-month base metals prices on the London Metal Exchange were collectively lower during morning trading on Thursday October 22, with the LME nickel price notching the biggest decline, while a continued impasse over a US coronavirus fiscal stimulus package cooled rallies seen earlier in the week. Nickel's outright price on the LME was recently trading at $15,730 per tonne on Thursday morning, fa...Read More
China's domestic rebar prices recovered some losses on Thursday October 22 on good demand and a drop in inventory levels.DomesticEastern China (Shanghai): 3,710-3,740 yuan ($557-562) per tonne, up by 10 yuan per tonneEnd users purchased cargoes at a steady pace in the past four days of this week, which drew down inventory levels. China's spot rebar market had 7.3 million tonnes of the product on T...Read More
Base metals prices on the London Metal Exchange were weaker this morning, Thursday October 22, this after a day of general strength on Wednesday that saw copper prices climb, intraday, back above $7,000 per tonne. Concerns that an additional stimulus package in the United States may struggle to get agreed before the presidential election has weighed on sentiment. Forecasts from the International L...Read More
China's domestic stainless steel prices narrowed upward in the past week on nickel gains. The three-month nickel contract on the London Metal Exchange ended Wednesday October 21's official trading session at $16,101 per tonne, up by $949 per tonne (6.3%) from $15,152 per tonne a week earlier.Higher nickel pig iron prices also gave additional support to the stainless steel market. Fastmarkets' week...Read More
Strong stimulus programs and an introduction of fines on CO2 emissions have helped Europe to lead the way this year on electric vehicle (EV) sales, according to Ernie Ortiz, president and managing director at Lithium Royalty Corporation."Sales are strong enough that Europe can even take the crown for the largest EV market this year," Ortiz said during the Focus Day on electric vehicles at the Lond...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.Fastmarkets assessed cobalt...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 it applies....Read More
The price of cobalt metal in China's domestic market widened downward in the first half of this week, pressured by lackluster spot demand while consumers opted for cheap imported briquette and off-grade cathode.Fastmarkets' price assessment for cobalt 99.87% Co min, ex-works China was 265,000-275,000 yuan ($39,807-41,310) per tonne on Wednesday October 21, widening downward by 5,000 yuan from 270,...Read More
The European spot ferro-silicon market, which had been recovering in August and September after falling around a quarter in price since February, looks set to extend its recent steady trend in the near term supported by relatively low availability, trade sources told Fastmarkets. Demand from steelmakers has recovered since the seasonal summer slowdown, with consumers showing buying interest initia...Read More
Fastmarkets has today amended its price assessments for ferro-vanadium and vanadium pentoxide, both in the fob China market.After a consultation period that began on September 22, Fastmarkets has amended the fallback measures to its two Chinese vanadium fob price assessments amid a significant drop in spot liquidity in China's vanadium export market. In the absence of spot trades either...Read More
Fastmarkets today launches two weekly Chinese domestic price assessments for vanadium nitrogen and vanadium pentoxide (V2O5), expanding its current price coverage of the vanadium market.Following a month-long consultation, Fastmarkets has launched two new price assessments, namely vanadium nitrogen, basis 77%V, 16% N, ex-works China and vanadium pentoxide 98% V2O5 min, ex-works China, to complemen...Read More
The best part of stocks is that you don’t need a boatload of cash to start investing. Even a small but regular investment in the shares of high-quality companies could go a long way and create a substantial amount of wealth for you. So, if you are planning to invest in stocks but your budget is tight, consider buying these three low-cost TSX stocks offering explosive growth. To your sur...Read More
Bob Moriarty ArchivesOct 23, 2020Winston Gold went public in 2016 with the same story they have now. The shares promptly shot up to $.64 apiece. I participated in a private placement at $.40 on the basis that they would be going into production shortly.The company obviously defines shortly differently than I do. By the timeI wrote about them in February of 2017they had declined to $.13 on their wa...Read More