The low price of lithium and cost overruns on junior projects have made investors cautious about the sector, creating doubt about whether lithium juniors will be able to access capital and ensure a supply of lithium in the years ahead. There are a number of lithium mining projects stacked in the pipeline, all of which require further capital if they are to come into production. But one of the proj...Read More
Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will roll over the following minor metals, ores and alloys price assessments on Friday January 31.MB-BI-0002 - Bismuth 99.99% Bi min, in-whs China, yuan/tonneMB-CO-0001 - Cobalt 99.8% Co min, ex-works China, yuan/tonneMB-CO-0017 - Cobalt sulfate 20.5% Co basis, exw China, yuan/tonneMB-CO-0012 - Cobalt tetroxide 72.6% Co...Read More
Domestic prices for hot-rolled coil have increased across Europe, supported by good order books at European mills and a lack of competitive import offers, sources told Fastmarkets on Wednesday January 29.Northern EuropeFastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.08 ($514.49) per tonne on Wednesday, up by ?,?0.52 per tonne day on day from ?,?466.56...Read More
Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More
A major Japanese steelmaker is looking to raise its offers for March-shipment hot-rolled coil to its buyers in Asia by $30 per tonne.It plans to offer March-shipment cargoes at $560-570 per tonne cfr to Vietnam and other countries in Southeast Asia."Asian steel mills are likely to increase their offers after the Lunar New Year holiday due to their bullish outlook for the market in February and Mar...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 29 that are worth another look.Sentiment in the seaborne iron ore and Asian steel markets has deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on...Read More
The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week, with participants anxious about how far ferrous scrap prices would fall, sources told Fastmarkets on Wednesday January 29.Ferrous scrap prices in Turkey climbed sharply between late November and mid-December but then remained steady until mid-January. The Turkish price is a benchmark for the regional...Read More
Prices were stable and trading activity was quiet this week in the European domestic rebar markets, with participants waiting to see how prices would develop in February, sources told Fastmarkets on Wednesday January 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?490-500 ($540-551) per tonne on Wednesday, unchanged week on wee...Read More
The United States' ferrous scrap export market has weakened on both the East and West Coast, with new sales occurring at lower prices to Turkey and South Korea.An East Coast exporter sold 30,000 tonnes of a 90:10 mix of No1 and No2 heavy melting scrap (HMS) at $275 per tonne on Wednesday January 29. Equalized to an 80:20 HMS basis, this cargo would be priced at $272 per tonne cfr.This sale was dow...Read More
Turkish deep-sea scrap import prices declined sharply once again, following the fresh United States' cargo deal heard on Wednesday January 29.A steel mill in the Marmara region booked a cargo of 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cfr, Fastmarkets was told. This would put the HMS 1&2 (80:20) price at $272 per tonne cfr, several market sources said. The US cargo was compared with the...Read More
The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange's derivatives for the steelmaking raw material a day earlier. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.84 per tonne, down $6.87 per tonne62% Fe low-alumina fines, c...Read More
Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More
Steel plate prices in Southeast Asia are likely to continue on an upward trajectory due to higher shipping costs and reduced price competition among steelmakers, a source at a leading Japanese mill told Fastmarkets. "Demand from the shipbuilding industry remains far from ideal, but steel producers cannot lower prices any further due to squeezed profit margins," the source said. Stricter emission c...Read More
To Watch Update #5, CLICK HEREThe sudden lack of new information coming out of China has Chris spooked. He walks us through the math here, showing how if the coronavirus follows its current geometric growth, over 100 million people could be infected by the end of February. Don't take today's lack of 'news' as meaning the threat from this virus is dying down. This is very likely just the calm befor...Read More
Dr. Marc Faber provides his views on the dollar and debt markets for 2020 and on geopolitics and global markets from his dwelling in Thailand.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Man...Read More
Something bad was always going to happen. Whether this is it or not, we don't yet know. This virus is contagious before the symptoms show up. With people traveling all over the world, there's no way to contain it. It's already having an impact. China is already on lockdown and there's been rioting Hong Kong over plans to place victims in public housing. Closing down of international trade could re...Read More
Given the continued spread of the Wuhan coronavirus, we urgently reached out to John Barry, author of the award-winning New York Times best-seller The Great Influenza: The Epic Story of the Deadliest Plague in History.Two years ago, we interviewed John about the expected implications should a pandemic of similar scale break out in today world. Little did we realize at the time how quickly his insi...Read More
Shocker: Facebook illegally collected and stored biometric data for millions of users for years without their consent.Continue...Read More
"I'm offended and shocked that Schumer would be so scurrilous as to accuse the president and his children of making money illegally off of politics when the only people we know have made money off of this have been Hunter Biden and Joe Biden." "Hunter Biden makes a million dollars a year, that's documented, but Schumer simply creates and makes up and says, 'Oh, maybe the president's kids are makin...Read More
There's no need to rehash the sordid politics of the U.S.-Russia relationship since 2014. That relationship became collateral damage to gross corruption in Ukraine.Continue...Read More