Turkish steel producers remained out of the the deep-sea scrap markets on Friday November 8 after buying scrap cargoes earlier in the week, sources told Fastmarkets.While no new cargoes were booked on Friday, several were purchased earlier this week at steady prices and of the same composition.On Monday, there were three cargoes, two of US origin. The first, booked by a steel mill in the Izmir reg...Read More
Seaborne coking coal prices regained some losses on Friday November 8, narrowing the weekly pace of decline slightly.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.24 per tonne, up $0.67 per tonnePremium hard coking coal, cfr Jingtang: $146.12 per tonne, unchangedHard coking coal, fob DBCT: $121.70 per tonne, unchangedHard coking coal, cfr Jingtang: $134 per tonne, unchangedLow-vol PC...Read More
The London Metal Exchange three-month lead price slipped below an important resistance level in unexceptional trading conditions in the morning of Friday November 8. The three-month lead price recently traded at $2,099 per tonne, with some 1,000 lots exchanged as of 9:20am London time. The price fell from an intra-morning high of $2,114.50 per tonne and traded as lows as $2,084 per tonne - its che...Read More
China's domestic rebar prices retreated on Friday November 8 amid concerns over supply being channeled southward from the northern region amid falling temperatures.Eastern China (Shanghai): 3,700-3,740 yuan ($530-536) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, down 10 yuan per tonnesRebar futures were subdued during the day with traders anticipating w...Read More
China's hot-rolled coil prices slid on Friday November 8 after trading activity thinned further.DomesticEastern China (Shanghai): 3,520-3,540 yuan ($500-503) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 20 yuan per tonneA Shanghai-based trader said trading activity continued to thin during the day amid declining futures, which led to spot prices falling...Read More
The flip-flip nature of headlines surrounding trade talks between China and the United States is calling the tune in the markets; there was initial weakness on news that a signing of a partial trade deal would be delayed, but markets then turned higher after it was announced that progress had been made with both sides agreeing to remove some tariffs.This morning, Friday November 8, markets are giv...Read More
An overview of the minor metals markets and their latest price moves.Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Stainless steel prices in Europe stabilized on Friday November 8 after falling ?,?100 per tonne a week ago, but market participants told Fastmarkets that poor demand and plentiful supplies were still a major issue.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,433-2,489) per tonne on November...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 8. China The high-grade manganese ore index recovered some of the recent losses after a number of large sales were made above the previous week's index. Seaborne low-grade manganese ore prices slid amid persistently weak market sentiment and lower producer offers. An incre...Read More
China's import quota system, which has restricted the inflow of scrap metal this year, will remain in place for another year, with a significant drop expected in the total quantity of quotas granted, the China Nonferrous Metals Industry Association (CMRA) said on November 7. The CMRA statement, seen by Fastmarkets, was given to delegates attending a conference from November 7-9 in Ningbo, a major...Read More
A recent price surge in global ferrous scrap markets has led to more buying interest in Vietnam, with buyers booking multiple cargoes this week.While demand in Taiwan has slowed, buyers there are likely to return to the spot market next week in response to rising prices in the United States and Turkey.VietnamFastmarkets' price assessment for bulk shipments of steel scrap HMS1&2 (80:20), cfr Vietna...Read More
"Where shall I go? What shall I do?"~ Scarlett O'HaraGiven the crisis actions currently being taken by central banks, the drastic erosion of constitutional liberties and privacy, and the unprecedented levels of debt & derivatives posing risk of global financial collapse, you may be wondering whether you should relocate in order to reduce taxes, government intrusion, and other risks. But where shou...Read More
Haflah Maulidurrosul Muhammad SAW 1441 H, di Masjid Agung Jawa Tengah??"+ Sabtu, 09 November 2019??o? Pukul 05.00 WIB (Pagi Ba'do Subuh) - selesai??oOE Plaza Masjid Agung Jawa TengahJl. Gajah Raya, Kota Semarang.*Pembicara* :1. Habib Umar Al Mutohhar2. Habib Ali Zainal Abidin Assegaf*Penampilan spesial* :Pra Acara :Grup Hadroh Al Muttaqin DemakGrup Hadroh Az Zahir (Dari Pekalongan)*MAJT TV - Live...Read More
Gold continues to lead metal-sector outperformance within a challenging broader commodity market, in the past week. Although gold prices dropped Thursday to post their lowest finish in three months and largest weekly percentage decline in more than a year, gold futures settled higher Wednesday, a day after the precious metal lost its grip on the psychologically significant $1,500 mark amid gains i...Read More
Atico Mining Corporation (TSX.V:ATY, OTC:ATCMF) is focused on developing and operating copper-gold projects in Latin America, with the strategy to build a mid-tier, copper-gold producer, by acquiring advanced-stage projects, with potential for high-margin operations and sustainable organic growth. We learned from Igor Dutina, Corporate Development of Atico Mining, that their plan for the past two...Read More
Chalice Gold Mines (ASX: CHN, TSX: CXN, OTCQB: CGMLF) is focused on a portfolio of district-scale gold and nickel sulphide exploration projects, in high-grade mining regions of Australia: the 100%-owned Pyramid Hill Gold Project, in the highly prospective and reinvigorated Bendigo gold district of Victoria, and the King Leopold Nickel Project, in the frontier west Kimberley region of WA. Chalice h...Read More
For one, the company discovered the alkaline gold system there is much larger than initially thought. Lion One's Tuvatu Gold ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) provided in a news release an update on its exploration efforts at its Tuvatu gold project in Fiji, which include drilling, sediment sampling and geophysical surveying."We are already seeing huge returns from this work. B...Read More
Drill results suggest the company's mineralized trend is part of a larger system. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCQX) confirmed that the recently discovered mineralization between the Cheminis and Bear deposits at its Larder gold project in Ontario is connected as part of one system, it announced in a news release.Confirmation of this came through the results of hole GTR-19-019, whi...Read More
Among other transactions, the company acquired four producing or near-producing royalties. Gold barsEly Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) provided in a news release updates on many of its royalty assets.The company has 34 deeded royalties, two of which are producing, and 20 properties, which are optioned to third parties. Ely Gold's royalty and sale portfolio generated more than an est...Read More