Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot. Tata Steel called this information "speculative" in a comment to Fastmarkets on Mon...Read More
Hybrit, the fossil-free steel initiative joint venture by Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, has received 22 million Swedish Krona ($2.4m) from the Swedish Energy Agency for a comprehensive feasibility study, it said on Monday October 5. The pilot plant for the hydrogen direct reduction of iron ore started operation in Lule??, Sweden, on 31 August. P...Read More
Seaborne iron ore prices were flat on Monday October 5 due to Chinese market participants being away for a week-long national holiday, while the swaps in futures market inched up amid limited trading liquidity. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged 62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged 58% Fe fines high-grade premium, cfr...Read More
Seaborne hard coking coal prices in the cfr China and fob Australia markets were unchanged on Monday October 5 amid muted trading activity, according to sources.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.71 per tonne, unchanged. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged.Hard coking coal, fob DBCT: $114.02 per tonne, unchangedHard coking coal, cfr...Read More
The Cumbria County Council (CCC) Development Control and Regulation Committee resolved again to grant planning approval to West Cumbria Mining (WCM) to develop the Cumbrian Metallurgical Coal Project in the UK, the company said on October 2.The project will be named Woodhouse Colliery and is a new underground mine located on a brownfield site, to...Read More
Rebar buyers in Singapore continued to exhibit limited appetite for imported materials in the week to Monday October 5, with market sources saying prices had slipped due to the recent decline in global scrap prices.Offers for Turkish rebar were at $470-475 per tonne cfr Singapore on a theoretical weight basis, according to a major Singaporean buyer, which is down by $10-15 per tonne week on week....Read More
Prices for seaborne iron ore concentrate and pellets rebounded in the week ended Friday October 2 amid rising futures, with tight supply of the latter providing additional support to the segment, according to sources.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $129.05 per tonne, up $2.17 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $143.52 per tonne, up $4.68 per tonne.Key...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...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
Weak demand from the electronics sector continued to put pressure on tantalum prices in the week ended Friday October 2, with the concentrates market dropping to a fresh 2020 low.Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China, at $52.00-55.50 per lb Ta2O5 on Friday, down from the previous week's assessment of $56.00-57.75 per lb."Demand in the electronics sector has go...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More
The year 2020 is undoubtedly one of the most action-packed years for stocks in decades. Just as the broader markets were unpredictable, legendary investor Warren Buffett also amazed market participants with his atypical moves this year.Warren Buffett and Berkshire HathawayFirst, Buffett has been a net seller this year whereas broader markets have sported one of the epic recoveries of all-times ami...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 6, 2020 Historically, gold tends to do well ahead of US elections and after the Chinese “Golden Week” holiday. Both these events are currently in play. Please click here now. Double-click to enlarge this important weekly gold chart. The low at about $1875 is light suppor...Read More
Share this articleTORONTO - Australian miner Newcrest Mining Ltd. says it has conditional approval to list its shares on the Toronto Stock Exchange, a move designed to increase its exposure to North American investors.It says it expects to satisfy remaining conditions for the listing in time to allow trading to start on Oct. 13, adding it plans no equity offering with the listing.Newcrest says the...Read More
The politicians are fighting over money. Not over how much money they have, how to get more, or how to invest in long-term projects like Eisenhower's Federal Aid Highway Act... No, they are fighting over how much money they can conjure out of thin air and give away to people who will vote for them.The Democrats want to gin up $2.2 trillion and give it away to a long list of pork projects ripe w...Read More
Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better." It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment...ever. You see, gold sto...Read More
Fremont Gold reported it intercepted 50.3m of 1.05 g/t Au at its Griffon gold project in Nevada and announced plans to initiate a fall drill program at its North Carlin project. In a news release, Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced that it has "received nearly all the remaining assay results from the recently completed phase 1 drill program at the past producing Griffon...Read More
Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher. Let’s take a look at a few NFTRH charts to gauge the grind in several markets and by extension, the grind many feel on their nerves these days. It&rs...Read More
Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions.More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture perspec...Read More
"We could not have brought the JPMorgan case without the data analytics program..."by Chris Powell of the Gold Anti-Trust Action Committee (GATA)JPMorgan Probe Was Revived by Regulators' Data MiningBy Dave MichaelsThe Wall Street JournalMonday, October 5, 2020WASHINGTON - Investigators probing whether traders at JPMorgan Chase rigged silver prices seven years ago decided there was no case to bring...Read More