Turkish steel mills continued to stay away from the deep-sea scrap market on Tuesday March 3, amid firm offer prices (especially from the United States), sources told Fastmarkets.After buying at least 25 cargoes of about 750,000 tonnes in February, the mills halted purchasing activity at the beginning of last week.The most recent deep-sea transactions had put the price of Baltic Sea- and...Read More
Brazil's iron ore exports plunged year on year in February, while heavy rains in the southeastern region adversely affected production and transportation, higher average prices also partly offset the drop, the country's ministry of economy said on Monday March 2.Iron ore shipments from Brazil totaled 22.1 million tonnes over February, falling by 23.6% in comparison with 28.93 million tonnes in Feb...Read More
Seaborne coking coal prices surged on Wednesday March 3, with a premium low-vol cargo fetching a price of over $175 per tonne cfr China. Fastmarkets indices Premium hard coking coal, fob DBCT: $162.39 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $173.42 per tonne, up by $4.88 per tonne Hard coking coal, fob DBCT: $145.01 per tonne, up $0.51 per tonne Hard coking coal...Read More
Expectations for the second-quarter direct-reduced (DR) iron pellet premium remain unclear, sources told Fastmarkets on Tuesday March 3, mainly due to uncertainty in the iron ore market caused by the novel coronavirus (2019-nCoV).Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, was $31 per tonne on Friday February 28, unchanged from January 31."Ther...Read More
Seaborne iron ore prices dropped on Tuesday March 3, with participants attributing the dip to a re-calibration of the bullish sentiment following the surge the day before.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.55 per tonne, down $0.38 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.71 per tonne, down $0.51 per tonne.58% Fe fines high-premium, cfr Qingdao: $77.38 per tonne,...Read More
Shindachi - a Japanese grade of busheling - is one of the cleanest and highest-yield materials in the scrap sector, but a sharp drop in prices over the last year has made the product increasingly attractive to overseas buyers.A combination of weaker demand among Japanese mills and slower buying from South Korea have left scrap market participants with the expectation that more Shindachi cargoes wo...Read More
China's rebar prices bounced back on Tuesday March 3 in both the domestic and export markets amid optimism for a strengthening of demand in the local market.Eastern China (Shanghai): 3,400-3,440 yuan ($488-494) per tonne, up 40-50 yuan per tonne Northern China (Beijing): 3,300-3,330 yuan per tonne, up 40 yuan per tonneRebar futures had a bullish start to the day, rising to as high as 3,466 yuan pe...Read More
The London Metal Exchange three-month copper price was little moved during morning trading on Tuesday March 3, with a fresh cancelation of some 17,200 tonnes redundant to price action, while zinc continued its downturn. Copper's outright price on the LME was recently at $5,735 per tonne. Turnover was high in copper over the morning - at just under 7,000 lots - as of 9:15am London time. This m...Read More
China's hot-rolled coil prices rose further on Tuesday March 3 after mills raised their offers, but fewer buyers placed orders in response.DomesticEastern China (Shanghai): 3,520-3,540 yuan ($503-506) per tonne, up 30-40 yuan per tonneNorthern China (Tangshan): 3,280-3,300 yuan per tonne, up 20 yuan per tonneTraders in both eastern China and northern China reported that trading activity had thinne...Read More
After strong rallies in US equities at the start of the week that saw the Down Jones Industrial Average (DJIA) close up by 5.09%, markets are getting some comfort this morning from the prospect of easier monetary policy, which is helping them keep the negative impacts from the novel coronavirus (2019-nCoV) in the background.Most Asian equity markets are stronger this morning, but have not been as...Read More
Base metals traded on the Shanghai Futures Exchange enjoyed more broad-based price gains during the morning trading session on Tuesday March 3, with risk sentiment buoyed by expectations of further stimulus measures to offset the negative economic impact of the novel coronavirus (2019-nCOV) outbreak.The continued positivity in global markets comes ahead of scheduled talks between Group of Seven (G...Read More
A buildup of manganese ore at Chinese ports is set to escalate in the coming weeks when a jump in fresh imports adds to a spillover of material into minor ports, manganese market sources predict. Manganese ore stocks in main Chinese ports stand at 4.64-4.85 million tonnes according to Fastmarkets' latest assessment on Monday March 2, compared with 4.52-4.64 million tonnes at the end of 2019....Read More
Hey guys and gals,0:11 - Intro1:45 - Hole 1, Par 33:08 - Hole 2, Par 44:25 - Hole 3, Par 56:55 - Hole 4, Par 38:12 - Hole 5, Par 410:36 - Hole 6, Par 512:38 - Hole 7, Par 314:54 - Hole 8, Par 417:15 - Hole 9, Par 5Sign up for the best guides on the market www.patreon.com/golfclashtommyJoin our discord,https://discord.gg/VMU5EFCBECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR...Read More
Iconic Figure Tommy Chong joins us for a special episode of The Dr. Greenthumb Podcast ! Talks to us about his passion for art, cannabis, being watched by the feds while in custody, future plans + more. Subscribe to BREALTV on YouTube: http://bit.ly/BREALTVSUBWatch BREALTV's Exclusive Series and Footage:The Smokebox - http://bit.ly/TheSmokeBoxDr Greenthumb Strain Reviews - http://bit.ly/DrGreenthu...Read More
With the Fed cutting the interest rate by half a point, and a potential rate cut of our own on the way, the stage is set for a season of heightening uncertainty. The cut caught some pundits by surprise, pushed gold and silver prices higher on Tuesday, and initially stimulated international markets. So, how should investors react, and should Canadians still be buying TSX stocks right now?While ther...Read More
Apart from its terrible human cost, the coronavirus has effectively ground China’s economy to a halt, with February factory activity plummeting to all-time lows and causing havoc across global supply chains.Now, even with central banks ready to step in and cut interest rates, the economic situation will most likely get worse before it gets better. Based on where we stand, here are three stoc...Read More
Daniel Litvin, founder, Critical Resource and ERM Group CEO Keryn James. Image from Critical Resource. London-based Critical Resource and global sustainability consulting firm Environmental Resources Management ERM, have joined up in a deal that is a significant development in terms of the market for ESG and sustainability consulting services. In late February, ERM acquired Critical Resourc...Read More
Artist's rendering of an expanded LNG plant at Tilbury Island. | FortisBC. FortisBC is still putting the finishing touches on a $400 million expansion of its Tilbury Island LNG plant in British Columbia, but is already pushing ahead with a second phase expansion.When complete, the $3 billion expansion would mean the Tilbury Island plant would produce more LNG than the Woodfibre LNG plant in Squam...Read More
"The issue price and size of the offering will be determined by considering investment intentions expressed by institutional investors during the book-building process," Aura said, adding its shares would continue to trade on the TSX.It plans to use the proceeds to fund operating assets, for exploration and development and to reinforce its capital structure.Aura has the San Andres gold mine in Hon...Read More
The 88th edition of the global event saw registrations by 23,144 people, compared with 25,843 last year, and a record 30,369 attendees back in 2012.Several notable exhibitors took the last minute decision to cancel their attendance, such as McEwen Mining, which said: "Just as our company holds high safety standards, the well-being of our investors and mining colleagues remains a priority."Several...Read More