China imported 7.17 million tonnes of coking coal in August, by 20.9% from 9.06 million tonnes a year earlier, Chinese customs data showed. Last month's imports are also down by 2.7% month on month.Market sources largely attributed the year-on-year drop to China's tighter import restrictions this...Read More
China's hot-rolled coil prices weakened on Monday September 28 despite active buying, with buyers restocking ahead of an eight-day break to mark the country's National Day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($560-563) yuan per tonne, down 10-20 yuan per tonnePrices fell during the day even though most sources reported that there was more trading activity during the day than any one...Read More
The three-month copper price on the London Metal Exchange was slightly improved during morning trading on Monday September 28, with price action moving 0.4% higher despite a fresh inflow of just over 30,000 tonnes into LME-registered warehouses in Rotterdam, while tin futures led on the upside with 1.6% increase to trade firmly above the $17,000-per-tonne support level. Copper's outright price on...Read More
China's domestic rebar prices gained some upward momentum on Monday September 28 on a strengthening of demand.DomesticEastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, up by 10-20 yuan per tonneBuyers raised procurement rates during the day to stock up on materials for consumption during the Golden Week. The October 1-8 break marks China's National Day.A trader in eastern China said...Read More
Key data from Fastmarkets' pricing session in London on Friday September 25.Key drivers Antimony prices in Europe were supported by concerns about tight ore availability in China and reports of limited raw material stocks at plants, resulting in rising replacement costs for traders in Europe and the United States, especially for trioxide-grade material. Some market participants reported an uptick...Read More
The slowdown of the roll-out of fifth generation technology (5G) is continuing to weigh on the tantalum market with the concentrate price falling to a year-to-date low on Friday September 25. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $56-57.75 per lb on Friday, down from $57-59 per lb a week earlier and down from its year-to-date high of $65-68 per lb in May. T...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...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
Key data from the Friday September 25 pricing session in London.Key driversCobalt hydroxide market steady; distributors anticipating some restocking ahead of or shortly after China's upcoming Golden Week holiday (October 1-8), and are therefore declining to...Read More
China's imports of cobalt metal hit a historical high in August after importers in the country looked to take advantage of noticeable arbitrage opportunities.A total of 1,130 tonnes of cobalt was delivered to China in August, an increase of 245% from the prior month and 421% higher than the same month of last year, according to Chinese customs data. August's volume is the highest ever in a month.T...Read More
Portside prices for both low- and high-grade manganese ore in China continued to fall in the week to Friday September 25, after ore traders cut their offer prices further in response to disappointing pre-holiday restocking activity among alloy smelters, market sources told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 34.20 yuan ($5.01) per d...Read More
China's domestic ferrous scrap prices dropped at more rapid pace over the past week than the preceding week on a weakening finished steel market, though demand for the steelmaking raw material was stable.Fastmarkets' weekly price assessment for steel scrap heavy scrap domestic, delivered mill China was at 2,590-2,740 yuan ($379-401) per tonne last Friday September 25, down by 80-100 yuan per tonne...Read More
The markets continue to remain volatile due to uncertainties surrounding COVID-19. Several countries in Europe have reported an increase in the number of daily coronavirus cases. There is a chance that fears of a dreaded second wave of infections might come true and impact Canadians as well.This does not bode well for the stock market, which is already trading at a premium, according to the Warren...Read More
We are undergoing somewhat uncertain economic times right now. With one market crash behind us — and one more on the horizon — financial experts are still debating whether the typical definition of a recession applies to Canada right now or if we need to redefine it because of pandemic’s disruptions. Some optimists are even discarding the warnings signs that are indicating anothe...Read More
Gold has had an incredible run in 2020 and even dating back to 2019. There has been a massive amount of uncertainty in markets, so naturally, a safe-haven asset like gold stocks will see an increase in demand.This year, however, the economic environment got even more accommodating for gold. With interest rates so low and massive amounts of cash added to the U.S. money supply, the intrinsic value o...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 29, 2020 For a look at some important price action on the daily gold chart, please click here now. Double-click to enlarge this short-term gold chart. There’s a double bottom pattern in play, and it comes as the reaction reaches decent support. Please click here now. Double-cli...Read More
The Sao Miguel Paulista refinery is costing Jervois $22 million in staged payments between now and mid-2023, and has a stated production capacity of 25,000t of nickel and 2000t of cobalt.Read More
Housing in the United States is about to launch in price and I have all the charts to prove it.To understand home real estate, you have to know that prices are driven by two things: interest rates and demographics.According to the Bank of England, we are experiencing the lowest interest rates in 5,000 years!That's a bit esoteric as we aren't building in Rome, but I recently saw a 15-year mortgage...Read More
Western Atlas Resources Inc. (TSXV: WA) is currently exploring its 100% owned, Meadowbank project, strategically positioned along trend and immediately adjacent to Agnico Eagle's Meadowbank and Amaruq producing gold mines in Nunavut, Canada. Western Atlas' Meadowbank Project is fully permitted for exploration, inclusive of drilling. We learned from Fabio Capponi, who is CEO and Director of Western...Read More
Peter Krauth presents his investment case for silver. Are you fearful, or are you getting greedy?That's the question silver investors should be asking themselves now.Novices have been panicking, while seasoned investors are salivating at the opportunities.Silver has recently corrected by almost 8$ or 36% since peaking in early August. The drop to $22 brought it to less than half its all-time high...Read More