China's domestic rebar prices were flat on Tuesday September 29 amid a less-than-bullish outlook after the release of a draft plan for autumn-winter steelmaking restrictions.DomesticEastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, unchangedNorthern China will restrict steelmakers' production over the next six months to improve air quality during the autumn-winter heating season, ac...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While steel markets in Asia have demonstrated the most strength with regards to pricing through much of 2020, recent weeks have seen prices in Europe and the United States outperform those elsewhere.In a way, much of this is simply catching up on the gains already made by Asian steelmakers. They were able to obtain higher pri...Read More
Scrap prices in Mexico were unchanged in the week to Friday September 25 and market participants fear prices may have reached a peak after a series of successive increases.Fastmarkets assessed the consumer buying price for No1 busheling, delivered mill Bajio unchanged at 6,450 pesos ($288) per tonne on Tuesday September 29, while that for No1 heavy melt, delivered mill Bajio was...Read More
Seaborne iron ore prices were up on Tuesday September 29 amid the easing of sintering restrictions in Tangshan over October, trade sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.61 per tonne, up $1.46 per tonne.62% Fe low-alumina fines, cfr Qingdao: $117.89 per tonne, up $1.74 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $108.59 per tonne, up $1.84 per tonne.6...Read More
Seaborne premium hard coking coal prices increased slightly on Tuesday September 29. Demand in India for seaborne materials was good, while most Chinese market participants were awaiting developments in the spot market after the country's Golden Week holiday.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.48 per tonne, up by $0.62 per tonnePremium hard coking coal, cfr Jingtang: $144.9...Read More
Steel market participants often identify iron ore as the key driver of steel prices because mills typically formulate their pricing strategies based on raw material costs - but this appears to have changed in 2020.While some unique challenges have emerged this year due to the Covid-19 pandemic, one development that stood out from the rest is this: Iron ore market participants have attributed the s...Read More
Slight decreases in import prices for steel scrap in Turkey in recent days have stunned market participants in Asia who had expected a larger drop.Turkish mills had avoided purchasing steel scrap in bulk from the United States and Europe for over two weeks before returning to the market last week to buy two Baltic cargoes of heavy melting scrap 1&2 (80:20) at $296 per tonne cfr, down by just $5 pe...Read More
Charles Li, chief executive of Hong Kong Exchanges and Clearing (HKEX) will retire early on December 31 this year and take up the role of senior advisor to the board for six months, HKEX said on Tuesday September 29.Li had previously announced that he would not seek a renewal as chief executive at the end of his current contract and was expected to initially leave his role in October 2021."Being c...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Tuesday September 29, while prices on the Shanghai Futures Exchange were firmer as they caught up with Monday's performance on the LME.Last week's pullbacks have run into dip-buying - hopes for further stimulus are buoying markets.US Congress making progress in talks regarding support measures.Markets might...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 standard grade,...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
Ford Motor Company of Canada will become the country's first manufacturer of all-electric vehicles, starting in 2024, the company said on Monday September 28.Ford will commit C$1.8 billion ($1.35 billion) to repurpose part of its biggest car plant in Canada, the Oakville Assembly Complex, and will introduce a new engine program at another plant, in Windsor. Both are in the Canadian province of Ont...Read More
Stainless steel producer Outokumpu has made changes to its leadership team that will take effect on October 1, with a new company strategy to be announced the following month, the company announced on Tuesday September 29.Newly appointed members of the company's leadership team are: Thomas Anstots, executive vice president, commercial, Europe business area; Stefan Erdmann, chief technology officer...Read More
Investment experts and strategists suggest de-risking investment portfolios if you’re anticipating a market crash. This approach should help you hang on and ride out the storm. You’re also preserving and protecting your hard-earned money at the same time.The de-risking process aims to counter market volatility while creating hedges against it. Move to safer asset classes like bonds and...Read More
The upward price move, after two years in the sin bin, can be most clearly seen in metallurgical or steel-making coal, which is benefitting from the rapid economic recovery in China, which has seenRead More
Share this articleCALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share,...Read More
I recently had a chance to speak with 20-year veteran stock analyst, Chris DeHaemer about commodities, 5G technology, space travel and oil finds in Mongolia. We also discussed how investors should navigate the markets after the election.Check it out ...You can read more about Chris here: https://www.angelnexus.com/o/web/286158 Read More
Bob Moriarty of 321gold profiles this explorer that recently optioned a large gold-silver property in Mexico. While the two candidates for the presidency of the US continue to impress the entire world with their keen judgment and sense of superior leadership, the metals cannot quite figure out which direction to proceed. For a couple of days it looked like they would rocket higher but it is a wea...Read More
This second part of our research post on super-cycles and precious metals will present our expectations going forward for 6 to 24+ months. In Part I of this research post, I linked a number of our previous research articles we recommended to readers to review for context and continuity. If you have not read Part I of this research article, please take a minute to review that first segment be...Read More
Now that JP Morgan has been given a free pass, slap on the wrist, get out of jail free card from the Silver Cops (HA!), let's see if they...by Bix Weir of Road to RootaNow that JP Morgan has been given a free pass, slap on the wrist, get out of jail free card from the Silver Cops (HA!) let's see if they, and their 8 colluding partners, continue to rig the silver price going into the 4th Quarter wh...Read More