Seaborne coking coal prices dropped on Friday October 25 to the surprise of some participants following several weeks of robust buying activity from China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.40 per tonne, down $6 per tonnePremium hard coking coal, cfr Jingtang: $161.53 per tonne, down $2.54 per tonneHard coking coal, fob DBCT: $129.36 per tonne, down $0.69 per tonne.Hard co...Read More
Taiwanese spot import prices for containerized HMS1&2(80:20)may break past $240 per tonne cfr soon given the bullish sentiment in other key spot markets, market sources told Fastmarkets.Prices in the benchmark market have risen continually this week on the back of surges in global scrap prices, which was caused largely by higher prices in the key Turkey market.Vietnamese buyers have turned partial...Read More
A declining rebar market in China coupled with elevated prices for scrap have put a squeeze to the profit margins of electric-arc furnace operators in the country since September.Amid a pessimistic outlook for demand and prices, market participants are expecting these EAF operators - which account for close to a third of the supply of the long steel product in China - to cut their output soon.EAF...Read More
China's domestic hot-rolled coil prices remained largely stable on Friday October 25 on steady demand, though market participants have a bearish outlook for the longer term.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, narrowing upward by 10 yuan per tonneTrading activity remained moderate in Shanghai, while that...Read More
Base metals prices on the London Metal Exchange were little changed on Friday October 25 despite continued drawdowns of LME stocks.The benchmark three-month copper price was unchanged from Thursday's close at $5,887 per tonne. On-warrant copper stocks continue to decline and are keeping the price well supported.A further 4,225 tonnes were delivered out of LME warehouses this morning following a 10...Read More
Despite ending 2018 as the best performer among the base metals after being the worst in the previous year, London Metal Exchange tin has entered the fourth quarter of 2019 as the laggard.The metal's three-month price on the exchange has fallen by more than 18% since the start of the year, when the price came near to $20,000 per tonne. At the same time, open interest on the exchange has also trend...Read More
China's domestic rebar prices were largely flat on Friday October 25, while billet and futures both moved up.Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,600 yuan per tonne, widened upward by 10 yuan per tonneRebar futures rose after a data release on Thursday showed a sharp drop in inventories, sources said. Prices in the spot market...Read More
Key data from the October 25 pricing session in London. Key drivers- Sellers undercut previous offers in thin trading, in order to lock in business, while a greater focus is placed on contract negotiations for 2020. Some traders opt to lock in a profit, with prices at their highest since...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Glencore increased its cobalt production in the first nine months of the year by 21% largely due to ramping up its Katanga project, the trader miner announced on Friday October 25. Year-to-date cobalt production hit 34,400 tonnes, up from 28,500 tonnes in the same period of 2018. Production at the copper department was 31,500 tonnes, up 23% year on year, while the nickel department production 2,90...Read More
Austenitic alloy steel scrap prices widened downwards this week because of ongoing poor demand and, in the case of grade-316 material, lower molybdenum costs during October, sources told Fastmarkets on Friday October 25. Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,250-1,350 ($1,610-1,739) per tonne on October 25, down by ?40 per to...Read More
To Get The Link & See The Show Once It Is Over Go HERE https://tjskoc.com/roundtablediscussi...BUY THE MOVIE NOW AT https://www.afatherlessamerica.comCLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.tjskoc.com/preordertickets/donate at http://www.paypal.me/tommysotomayorOther Ways To donate belowdonate via venmo @tommysotomayorDon...Read More
To Get The Link & See The Show Once It Is Over Go HERE https://tjskoc.com/roundtablediscussi...BUY THE MOVIE NOW AT https://www.afatherlessamerica.comCLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.tjskoc.com/preordertickets/donate at http://www.paypal.me/tommysotomayorOther Ways To donate belowdonate via venmo @tommysotomayorDon...Read More
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Sector expert Michael Ballanger ruminates on the bubble-popping influence of government and the banking sector on cryptocurrencies, and offers a brief rundown on his most current holdings. To put it mildly, the business of financial forecasting is not only an inexact science, it is a magnified case study in handicapping, the likes of which you find in sports betting such as horse racing or baske...Read More
Both appointees have years of experience in the field. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) announced in a news release it appointed Peter Dickie as a director and Peter Damouni as the board's new chairman.Dickie and Damouni take the place of Leigh Hughes, who recently resigned. The new director has more than 35 years of experience in the public and private corporate world, having...Read More
The purpose is to follow up on identified high-grade gold anomalies. Bouboulou Gold Concession - West AfricaNexus Gold Corp. (NXS:TXS.V; NXXGF:OTCQB) announced in a news release it plans to start an up to 2,000 meter (2,000m), initial drill campaign next month at its Dakouli 2 gold concession in Burkina Faso.Drilling will test several compelling targets identified to date via geochemical surveys...Read More
The next milestone for the Canadian company is submission of its application for permits. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the completion and filing of a South Railroad preliminary feasibility study on its Dark Star and Pinion oxide gold, heap-leach project in Nevada.The study has 47.344 million tons of reserve ore at 0.82 grams per ton (0.82 g/t) gol...Read More