Seaborne premium hard coking coal prices dropped on Wednesday June 3 after a transaction was completed at $107.33 per tonne cfr China on Tuesday. Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.46 per tonne, down $2.51 per tonne Premium hard coking coal, cfr Jingtang: $114.95 per tonne, down $1.93 per tonneHard coking coal, fob DBCT: $87.66 per tonne, down $1.91 per tonn...Read More
Seaborne iron ore prices were mostly flat at a high price level on Wednesday June 3 with the seaborne market continuing to be active in low-grade and mid-grade iron-ore fines trading, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $101.22 per tonne, down $0.10 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $104 per tonne, down $0.13 per tonne. 58% Fe fines high-grade premi...Read More
Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on Wednesday June 3.Indian and Pakistani steelmakers increased their purchases of containerized scrap imports in recent weeks while Covid-19 lockdown measures eased and steelmaking operations ramped up in both countries.Furthermore,...Read More
China's hot-rolled coil market weakened on Wednesday June 3 on futures losses, but exporters kept offering high despite thin trading.DomesticEastern China (Shanghai): 3,640-3,660 yuan ($512-515) per tonne, down 10-20 yuan per tonneSellers in Shanghai offered at 3,660 yuan per tonne this morning, but cut offers to around 3,640 yuan per tonne in the afternoon after market sentiment was dampened by f...Read More
China's domestic rebar prices strengthened further on Wednesday June 3 on market participants' positive outlook for demand over the next few months. Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($508-512) per tonne, up by 20 yuan per tonneThe Chinese finance ministry said that the country had issued 3.2 trillion yuan of local bonds in the first five months of 2020, up by 65.1% year on year....Read More
The three-month copper price on the London Metal Exchange was up during morning trading on Wednesday June 3, maintaining a push above the nearby $5,500-per-tonne threshold achieved on Tuesday afternoon, while weak demand continues to pressure zinc futures downward. Copper's outright price on the LME was recently seen at $5,529.50 per tonne, while turnover topped the complex over the morning with m...Read More
Key data from the June 3 pricing session in London and Shanghai.Key drivers: - Cobalt hydroxide payables were steady in the first half of the week - fresh inquiries were relatively fewer than in late May, but buyers are still finalizing their latest round of spot top-ups. So far, suppliers have refused to compromise and accept lower bids. - Suppliers indicate they are holding their offers firm for...Read More
An overview of the minor metals markets and the reasons for 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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
Key data from Fastmarkets' pricing session in China on Wednesday June 3. Key drivers A lack of buying interest has kept China's domestic gallium market under pressure.A few suppliers slashed offer prices amid aggressive bids, while several others held back from...Read More
British Steel will suspend production at its Skinningrove site for three weeks from June 13, the company said on Tuesday June 2. The company said trading conditions remain challenging, including for products manufactured at the special profiles business in Skinningrove and they have now taken the...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday June 3. Key drivers Europe ferro-titanium market drops on slower demand. Scrap prices also fall, with ample availability seen in near term after some trade sources report a postponement or cancellation in orders that have created extra supply for now. But market participants expect that increase in scrap supply to...Read More
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Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More
Government policies destroy the economy and enable racial injustice. Capitalism is the solution.RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.https://www.facebook.com/PeterSchiff/...SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/Schiff Gold News: http://www.SchiffGold.com/newsBuy my newest book at http://www.tinyurl.com/RealCrashLike and follow Peter Schiff on Facebookhttp://w...Read More
The space industry is yet to become a major mainstream investment theme. However, there are numerous reasons why this is potentially the biggest growth sector imaginable. Space investing belongs in the realm of thematics, which are investment areas covering high concept movements.Other thematics include AI, the Internet of Things, and electric vehicles. As momentum in these other areas has shown,...Read More
Iamgold donating $4,000 to the Young Mining Professionals (YMP) Canadian Mining Scholarship in November 2019, from left: Steve Letwin, (former) president and CEO of Iamgold; scholarship award winner Alex Bateman; and Anthony Moreau, business development and innovation manager at Iamgold. Credit: Young Mining Professionals. The Young Mining Professionals (YMP) has announced the 2020 launch of its...Read More
Northern British Columbia landscape. (Image by werner22brigitte, Needpix). The Association for Mineral Exploration (AME) announced Thursday that the Government of British Columbia is moving forward on one of AME's key recommendations related to the covid-19 outbreak - the extension of mineral exploration Notice of Work (NoW) permits to December 31, 2021. Any permits with an active authorization...Read More
(Image: Generation Grundeinkommen) The gold price jumped by almost $30 an ounce on Thursday clearing the $1,700 an ounce level as retail and institutional investors continue to pile into the metal seen as a safe haven in times of turmoil. Gold for delivery in August was trading at $1,723 an ounce in New York, logging gains in excess of $200 an ounce so far in 2020. Continuing the recent growth st...Read More