Japanese ferrous scrap export prices have risen over the past week amid tightening supplies and healthy demand from Vietnamese buyers, sources in Japan told Fastmarkets.Fastmarkets' inaugural price assessment for steel scrap H2 export, fob main port Japan was ?24,000-24,500 ($219-223) per tonne fob Tokyo Bay on February 19, up by around ?500-1,000 per tonne from prices heard last week. In t...Read More
Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More
Domestic prices for ferrous scrap in Italy have declined over the past month in line with the fall in international scrap prices, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill Italy was ?,?235-250 ($254-270) per tonne on February 18, down by ?,?20 per tonne from ?,?255-270 per tonne on January 20.Read More
Seaborne coking coal prices climbed again on Wednesday February 19, with market participants in China citing tight supply as the key driver of the upward movements.Fastmarkets indicesPremium hard coking coal, fob DBCT: $158.29 per tonne, up $2.86 per tonnePremium hard coking coal, cfr Jingtang: $166.94 per tonne, up $2.36 per tonneHard coking coal, fob DBCT: $133.50 per tonne, up $6.49 per tonneHa...Read More
The London Metal Exchange base metals, except tin, were subject to stock moves in the morning session on Wednesday February 19, with LME three-month prices demonstrating mixed consolidation.The LME three-month lead price was trading down 0.6% from the previous day's close at around $1,885 per tonne, capped by a 5,725-tonne re-warranting of material in Kaohsiung, South Korea, with a widening cash/t...Read More
Exporters of Chinese hot-rolled coil lowered their offers further to stimulate sales amid high inventory levels despite a relatively stable domestic market on Wednesday February 19.DomesticEastern China (Shanghai): 3,480-3,490 yuan ($497-499) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,230 yuan per tonne, unchangedA Shanghai-based trader said prices in the city nar...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 19.Key drivers The price range for ferro-titanium has not changed over the week to February 19, steady for two weeks despite low-key trading. No deals were reported in either alloys or titanium scrap. The markets were probably static due to the expected settlement of tenders issued by consumers for feedstock on a longer ter...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
The cobalt sulfate price in China has continued higher because of spot tight availability while refineries that suspended operations during the Chinese New Year holiday (January 24-February 2) have gradually resumed operations. Fastmarkets' price assessment of cobalt sulfate 20.5% Co basis, exw China was 57,000-58,000 yuan ($8,145-8,288) per tonne on Wednesday February 19, up by 0.9% fro...Read More
Eurasian Resources Group (ERG) is considering the construction of a plant to produce lithium-ion battery precursor materials, the company said today. The plant would be supplied with cobalt hydroxide produced at ERG's Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of Congo (DRC). The intention is to produce nickel-cobalt-manganese (NCM) precursor materials that are u...Read More
After the broad-based dip on Tuesday February 18 that was partially triggered by Apple's sales warning, markets have recovered on Wednesday with equity indices in Asia stronger, as are pre-market western equity indices.Base metals prices on the London Metal Exchange were up across the board this morning, while those on the Shanghai Futures Exchange were mixed. Spot gold prices are holding on to Tu...Read More
Fastmarkets MB today launches its Japan export ferrous scrap price assessments for H2, shredded, Shindachi and plate and structural (P&S) scrap grades. After undertaking an extensive consultation period that began on January 7, which was then extended by one week on February 12, Fastmarkets has launched price assessments for the following ferrous scrap prices:Steel scrap H2 export, fob main port J...Read More
I was going for a ride and this car starting making noise so I stopped to check it out... things only started to get crazy from there.instagram: @realtommymxhope y'all enjoyed please like comment and subscribe!Read More
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The price of gold just topped its highest level since early 2013, and investors are wondering if the recent strength is the start of a new rally that could see the price of the precious metal hit a record.MomentumThe rally in the price of gold started in late May last year when gold traded at less than US$1,300 per ounce. A strong move through the summer months took the price to US$1,560 in early...Read More
Gold-mining stocks have been rallying for the last few months now. Higher gold prices and strong quarterly earnings mainly fueled the steep climb in these gold stocks. I think one gold miner stock still has a long way to go, and that is B2Gold Corp (TSX:BTO)(NYSE:BTG).Strong quarterly earningsB2Gold plans to report its Q4 2019 earnings on February 28. Many peer gold-mining companies have reported...Read More
With gold prices set to continue rising, an investment in precious metals is a strong play at the moment. Not only does gold upside add to the allure of a world-class mining investment, but with the right stock, the low-risk portfolio can also benefit from the regular income of dividends. Match the safety of gold with the upside potential of copper, and you have two distinct plays for metal return...Read More
OreXpert (Credit: Spectral Evolution) Spectral Evolution will introduce the oreXplorer and oreXpert portable field spectrometers at this year's PDAC convention in Toronto. The rugged units allow real-time mineral analysis.The company's portable spectrometers and EZ-ID mineral identification software allow users to identify over 1,100 minerals within seconds for more efficient exploration pro...Read More
Stock image. Employment in the mining industry is highly specialized and as a result, retaining skilled staff can be challenging. Skilled employees are often the most valuable asset at a mine, and can run anywhere from 25% to 50% of the daily operating costs.One of the top reasons that employees leave for greener pastures is how much they are paid. Individuals such as geologists, engineers and...Read More
The Bank of England's gold vault has more than 400,000 gold bars - worth roughly $257 billion. If you stacked them all on top of each other, they would be the same height as 46 Eiffel Towers. They hardly ever let anyone in to film, but the BBC's Frank Gardner has been given access. The vault was turned into a staff canteen during WW2. There have been no heists since the bank's establishment in 169...Read More