Inmid-march, just as the coronavirus was gaining momentum, the price of goldbegan to rise. After trading sidewaysfrom 2015 to 2019, gold rose from a low of $1,471 in mid-March to $2,069 onAugust 6th, a spectacular 40% rise in five months.Duringthat same period, silver rose from $11.94 to $29.14 on August 6th,an even more spectacular 114% increase. Threedays later, on August 9th, as gold and...Read More
Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More
Despite broad stability in global zinc premiums this week, and a sharp drop in the metal's three-month price on the London Metal Exchange, an opening of the import arbitrage window for material delivered into China sparked expectations for improved demand in the region.Zinc markets in the United States and Europe were also generally stagnant this week, while a steady recovery in the US economy fue...Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More
All three-month London Metal Exchange prices, apart from aluminium, posted gains on Friday September 11.Copper, lead, zinc, lead and tin all trended upwards over the day on Friday, with the three-month copper price breaching the $6,700 per tonne mark to close at $6,713.50 per tonne after trading a little more than 13,680 lots.There are 75,550 tonnes of copper stocks across LME-registered ware...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Adam HamiltonArchivesSep 11, 2020 The big gold-ETF buying that catapulted gold higher into early August has gone missing in action. That's why gold stalled out since, drifting sideways flirting with a correction. To continue powering higher, gold needs these major stock-market-capital inflows via exchange-traded funds to resume. The near-term fortunes for the precious-metals complex are heavily de...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The upward momentum in the domestic market continued for a third week, with prices moving up by 100 yuan ($15) per tonne amid buoyant sentiment after major steel mills raised their tender prices. Hesteel set its September tender price for 72% ferro-silicon at 6,050 yuan...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday September 11.China The seaborne price of low-grade ore rose after October-delivery cargoes were concluded at higher offer prices, with some producers reporting strong buying appetite.The seaborne price of high-grade ore was stable, with no new offers reported and miners already reportedly sold...Read More
Copper concentrate treatment and refining charges (TC/RCs) rebounded in the week ending September 11, rising from an all-time low due to the improved spot availability of copper materials.TC/RCs fell to record lows in the week to September 4.Smelter purchases were mostly settled at high $40s/4 cents with very few parcels transacted at a TC level below or above that.On the mine-trade...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Aluminium primary foundry alloy premiums in Germany and Eastern Europe rose for a second consecutive month on Friday September 11, with stronger fundamentals supporting the increase.Fastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $300-330 per tonne, with both up from...Read More
Turkish steel mills stepped out of the market for imports of steel scrap in recent days following a spate of buying in the first half of the week to Friday September 11, while scrap prices in Southeast and East Asia have continued their climb.Turkey goes quiet after latest seven-cargo buying spreeUS export markets inch up following Turkish dealsVietnamese scrap prices increase after Japan auction...Read More
The UK market for deliveries of steel scrap to domestic consumers has risen in September, adding ?10 ($13) per tonne to the earlier ?15 per tonne rise in August, with major shredders competing for scarcer material with smaller scrap suppliers, industry sources said this week.Moreover, a steady rate of export business to deep-sea destinations such as Turkey and the Indian sub-continent has also h...Read More
In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More
An overview of the battery raw materials markets and their latest price moves.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
Chinese domestic battery-grade lithium carbonate producers kept their prices firm in the week ended Thursday September 10, with most customers maintaining a wait-and-see attitude, while the market in the rest of the world was flat.Sentiment in China's battery-grade lithium carbonate market was still bullish with offering prices remaining firm.Industrial-grade carbonate prices in China were slightl...Read More
Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still d...Read More