Turkish steel mills returned to the deep-sea scrap markets amid better domestic steel demand, causing prices to rise, while other major markets except Vietnam were largely stable during the working week ended Friday May 8.Turkish steel producers resume deep-sea bookings, prices upUS scrap export market silent; dock buying prices flatSentiment in the Vietnamese scrap import market positive due to i...Read More
Turkish steel producers have resumed their deep-sea scrap purchases at higher prices amid recovering demand in the country's local long steel markets, with further sales to Europe anticipated when the safeguarding quota period ends at the end of the June.A steel mill in the Izmir region booked a Baltic Sea cargo comprising 24,000 tonnes of HMS 1&2 (80:20) at $251.75 per tonne and 6,000 tonnes of b...Read More
Domestic scrap prices in the Turkish markets have increased over the past week amid a strengthening of demand, sources said on Monday May 11.The steel mills in the Izmir region have increased their buy prices for auto bundle scrap by 50-75 Turkish lira ($7-11) per tonne over the past week.Long steel mills ID?? and Habas raised their buy prices for auto bundle scrap to 1,590 lira ($224) per tonne,...Read More
Seaborne premium hard coking coal prices rebounded on Monday May 11, with Chinese buyers driving trading activity at the end of last week, resulting in market participants' estimates of workable prices also moving upward.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.97 per tonne, up by $3.54 per tonne.Premium hard coking coal, cfr Jingtang: $120.87 per tonne, up by $4.60 per tonne.Ha...Read More
Seaborne iron ore prices were largely stable on Monday May 11 amid slower port trading activity, while the market saw a solid premium for June delivery cargoes and good demand from Chinese mills. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.61 per tonne, up $0.01 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $91.18 per tonne, up $0.26 per tonne. 58% Fe fines high-grade premium, c...Read More
Seaborne iron ore concentrate prices continued to fall in the week to Friday May 8, under the pressure from lower pellet prices and China's domestic concentrates market.Some sources noticed fewer offers from Indian miners for June delivery cargoes despite the slight drop in prices.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $93.35 per tonne on May 8, down 1.77% or $1....Read More
Fastmarkets will host a steel webinar with the Singapore Exchange (SGX) on Tuesday May 19 that covers the latest developments and outlook for the industry.The two-hour webinar from 3-5pm Singapore time will delve into price analyses and market outlook by Fastmarkets' editorial and research teams. These will include the impact of Covid-19 on steel supply chains, developments and the outlook for Chi...Read More
China's domestic hot-rolled coil prices edged up on Monday May 11, but market participants are bracing themselves for a retreat as a result of thin trading.DomesticEastern China (Shanghai): 3,390-3,400 yuan ($479-481) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,350 yuan per tonne, up 10 yuan per tonneSellers kept their offers high amid the relative strength of the futures market, b...Read More
Key data from the Friday May 8 pricing session in Shanghai.Key drivers Activity in the export market was sluggish with no deals concluded in the week ended May 8. Several inquiries received from buyers in East Asia and Southeast...Read More
Market participants in the United States who normally buy silicon have given up trying to sell their surplus metal and the price has settled into an academic range in a near total absence of spot trade while most automakers remain closed during the Covid-19 pandemic, sources told Fastmarkets.Some say producers are not lowering their offers because they do not believe that business will materialize...Read More
Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Friday May 8 was 43,000 yuan to $6,063.Read More
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My friend Doug Casey, the original International Man, has long predicted what he calls The Greater Depression. He now thinks it's arrived. But he thought that back in 2008. I was there. I remember. So now I have to ask: is it for real this time? How do we know? And perhaps most important of all: what is Doug doing with his own money? As you'll see, he was a good sport answering some tough question...Read More
It's the soft demand season for gold (April-Sept), and that means upside and downside breakouts can become "wet noodle" affairs.Bulls and bears who aren't prepared for this type of sideways price action may get frustrated.Please click here now. Double-click to enlarge this short-term gold chart.My suggestion for investors is to focus on the important price zone of $1800 for modest selling, and $1...Read More
Kiena Complex. Image from Wesdome Gold Mines. Wesdome Gold Mines has released drill results from the past-producing Kiena mine complex in Val d'Or in Quebec. The drill highlights include 3 metres of 108.2 g/t gold, 5.2 metres of 47.8 g/t gold and 12.4 metres of 41.3 g/t gold.As reported in February, the 'A' zone has been traced for over 830 metres down plunge with additional assays pending. Prio...Read More
RNC Minerals staff with the first gold dor?(C) bar poured in June 2019 at the Higginsville gold mill, 60 km south of the Beta Hunt gold mine in Western Australia. Credit: RNC Minerals. RNC Minerals is making its status as a gold-focused company official, announcing the acquisition of a third gold project in Australia, and proposing a name change to Karora Resources.RNC already operates the Beta...Read More
The Cloud-based Software as a Service (SaaS) system includes a wearable device worn by workers on their arm which alerts both the worker and their supervisor when core body temperature is too high. Kenzen, a company focused on smart and innovative personal protective equipment (PPE), has launched a real-time worker heat monitoring system.The cloud-based Software as a Service (SaaS) system include...Read More
Project found ways to increase Europe's self-sufficiency in cobalt, nickel and zinc. VTT, a research, development and innovation partner, coordinated a project that combined new and existing recovery methods of economically significant metals from process waste as well as low-grade ores. The recently completed MetGrow+ project found ways to increase Europe's self-sufficiency in cobalt, nickel and...Read More
Las Chispas Underground - Image courtesy of Silvercrest Metals Inc. SilverCrest Metals (TSX: SIL, NYSE: SILV) announced on Tuesday that it will resume exploration and development work at its Las Chispas gold-silver project in Sonora, Mexico by mid-May following a temporary suspension due to national covid-19 containment protocols.The company has also reported in-fill and expansion drill result...Read More