ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on Tuesday September 1. The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said. ArcelorMittal Fos-sur-Mer The company will resume operations at BF No1 at Fos-sur-Mer plant in t...Read More
Swedish steelmaker SSAB, state-owned iron-ore producer LKAB and power company Vattenfall have started test production at their joint-venture pilot plant where they hope to produce direct-reduced iron (DRI) without the use of fossil fuels, the companies said on Monday August 31.The construction of the pilot plant was started in June 2018 with support from the Swedish Energy Agency.At the plant, the...Read More
Turkish domestic auto bundle scrap prices increased over the past week in response to rising finished long steel values, sources said on Tuesday September 1.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 1,890-2,155 lira ($258-294) per tonne on Tuesday, up from 1,870-2,085 lira per tonne a week earlier. ...Read More
Market participants believe iron ore concentrate premiums - rather than those for high-grade fines - will improve closer to the onset of winter when Chinese steelmakers start to adapt to strict anti-pollution measures imposed by authorities.Sintering restrictions usually cause demand for iron ore fines to fall compared to cleaner ore types. This is due to the higher levels of particulate pollution...Read More
Seaborne premium hard coking coal prices moved in different directions on Tuesday September 1, reflecting more activity in the fob market compared with the cfr market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.07 per tonne, up $0.48 per tonne Premium hard coking coal, cfr Jingtang: $114.49 per tonne, down $0.34 per tonneHard coking coal, fob DBCT: $85.76 per tonne,...Read More
Seaborne iron ore prices were rangebound on Tuesday September 1 while port side trading activity showed an increased interest toward low-grade fines, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.66 per tonne, up $0.19 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $125.10 per tonne, up $0.89 per tonne.58% Fe fines high-grade premium, cfr Qingd...Read More
China's hot-rolled coil prices continued to rise on Tuesday September 1, with sellers raising offers on cost pressures.DomesticEastern China (Shanghai): 4,040-4,070 yuan ($590-594) yuan per tonne, widening upward by 20 yuan per tonneA Shanghai-based trader said some sellers had issued offers as high as 4,070 yuan per tonne during the day, though most transactions largely took place around 4,040-4,...Read More
China's domestic rebar prices were flat on Tuesday September 1 amid a tempered outlook for the market after a major mill kept its ex-works prices stable for early September.Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($536-540) per tonne, unchangedShagang, a major rebar producer in eastern China, rolled over its list price of 3,900 yuan per tonne for rebar booked in the September 1-10 peri...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 transparency into the markets it covers and the pricing process it applies. Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process...Read More
South African manganese alloys producer Transalloys has declared force majeure after a fire at its plant in the country on August 22 that severely impacted the raw material handling system feeding its five furnaces, it was revealed over the weekend. No personnel were injured in the fire, the company said. The precise length of the force majeure is unclear at this stage, with the restoration of ful...Read More
World manganese ore output rose by around 4% in July from the prior month due to higher production across most global regions, the latest data from the International Manganese Institute (IMnI) shows. Global ore supply climbed to about 1.93 million tonnes of manganese units in July, marking increases of 4.2% month on month and 0.4% year on year respectively, according to IMnI data. Supply...Read More
Global silico-manganese output recorded a month-on-month increase of 2.7% to 1.45 million tonnes in July, with all regions monitored by the International Manganese Institute (IMnI) gaining on a monthly comparison. On an annual comparison, world supply of silico-manganese fell by 7.3%, data from IMnI showed. Of total supply, output in Asia and Oceania - the largest producing region - hit around 1.2...Read More
The latest data for the global manganese ore market for the week ended September 1, 2020.Read More
The Northern Miner's three-day Global Mining Symposium kicked off on Tuesday with a one-on-one interview with Paul Brink, president and CEO of Franco-Nevada (TSX: FNV; NYSE: FNV).The Northern Miner's Group Publisher, Anthony Vaccaro, chatted with Brink for nearly an hour about his plans for the company, his view on the mining industry, the gold market, Franco-Nevada's energy assets and the challen...Read More
Warren Buffett just turned 90 last month. In his 75 plus years in the investing world, the Oracle of Omaha has become the third-richest man in the world. It’s no easy task to build a net worth of US$86 billion and grow it. Just last quarter, his company Berkshire Hathaway reported a net investment loss of US$54.5 billion during the March market crash. He was criticized by many analysts for s...Read More
If we say that Warren Buffett has avoided investing gold for a long time, you might get the wrong impression that Buffett simply doesn’t consider the metal a worthy investment. But Buffett’s gold prejudice runs deeper than that, or at least it did until a few months ago. He was always vocally against the metal that “doesn’t do anything but sit there and look at you.”B...Read More
Warren Buffett just turned 90 last month. He is the most decorated value investor, with more than 75 years in the investing world. Over the last few months, the stock market has been rallying even though the gross domestic product (GDP) contracted. If we go by the Buffet indicator, which is calculated by dividing market capitalization with GDP, the equities are overvalued by 80%.Does this mean ano...Read More
Altus Strategies Plc (AIM: ALS & TSX-V: ALTS) is a royalty and project generator focused on Africa. Altus's differentiated approach of generating royalties on its own discoveries, as well as through financings and acquisitions with third parties, has attracted key institutional investor backing including from La Mancha who own 35% of the Company, alongside the Board with a holding of 20%. We learn...Read More
Our wealth of natural gas is the worst-kept secret in the U.S. energy sector today.I also can't think of a more beaten-down commodity over the last decade. Just think, natural gas on the Henry Hub was trading for a staggering $12.69 per mmBtu (million British thermal units) in June 2008. Mind you, this was four years after a little-known company named Range Resources completed its Renz 1 well. It...Read More