China's lead usage will fall by 1.1% in 2019 due to declining automotive production and increased use of lithium-ion batteries in motorcycle and e-bike sectors as well in uninterruptable power supply stationary backup systems, according to the International Lead & Zinc Study Group (ILZSG).Additionally, a further 0.5% reduction in Chinese demand is anticipated in 2020, ILZSG said on Monday October...Read More

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week even as feedstock costs continued to fall, market sources told Fastmarkets on Wednesday October 30.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?560-580 ($621-644) per tonne on Wednesday, unchanged week on week. "We have adjusted our pri...Read More

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week despite pressure from imports and recent feedstock costs, market sources told Fastmarkets on Wednesday October 23. Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?560-580 ($623-646) per tonne on Wednesday, unchanged week on week. Costs for the feeds...Read More

Third-quarter steel shipments from Ternium's operations in Mexico improved on an annual basis in 2019, the company said this week, while the volumes dispatched from its facilities in Argentina fell in the same comparison. Shipments from Ternium's Mexican plants reached 1.63 million tonnes in June-September, up by 7% from the same period in 2018, with sales amounting to 1.53 million tonne...Read More

Brazilian steelmaker Gerdau is expecting domestic steel prices to remain unchanged until year-end, but an improvement could be seen at the beginning of 2020 if demand recovers, chief executive officer Gustavo Werneck said.Although foreign exchange rates have been volatile in Brazil, and domestic price premiums were seen in negative territory at some times, current dynamics suggest stability for th...Read More

Prices for steel H-beams in Europe were unchanged again this week, as risingfeedstock costs offset lackluster demand, sources told Fastmarkets on Wednesday October 30Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was unchanged at ?,?540-570 ($599-633) per tonne on October 30."It is the end year business period, nobody will buy material if it's not really...Read More

Prices of mid-grade Brazilian fines were up on Wednesday October 30, with a Brazilian Blend fines (BRBF) cargo fetching $85.60 per tonne, although market participants saw little scope for any major correction in mid-grade iron ore prices.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.13 per tonne, up $0.49 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.95 per tonne, up $0....Read More

The GFG Alliance will consolidate all of its steel businesses into one global group named Liberty Steel Group by the end of this year and align them with a strategy for carbon-neutral operations by 2030.It claimed this will give the new group 18 million tonnes of rolled steel capacity annually, making it the eighth largest steel producer outside China, with annual sales of approximately $15 billio...Read More

Market participants flagged a bearish outlook on seaborne coking coal prices in the coming weeks, citing the dwindling attractiveness of imported cargoes for Chinese buyers.Fastmarkets indicesPremium hard coking coal, fob DBCT: $143.81 per tonne, down $2.59 per tonnePremium hard coking coal, cfr Jingtang: $161.53 per tonne, unchangedHard coking coal, fob DBCT: $129.36 per tonne, unc...Read More

China's domestic rebar prices rose on Wednesday October 30 after news broke about the country's steelmaking hub of Tangshan planning to implement short-term curbs from Thursday.Eastern China (Shanghai): 3,650-3,680 yuan ($516-520) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, up 10-20 yuan per tonneLocal authorities in the northern Chinese city have ordered s...Read More

China's hot-rolled coil prices remained stable for a third day on Wednesday October 30 with mills receiving a steady stream of orders, though stockists drew down their inventories on a bearish outlook for the market.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedSteady downstream demand kept prices flat du...Read More

South Africa's manganese ore exports hit record levels of over 1.8 million tonnes in September and October 2019, shipping data shows. The country exported over 1.86 million tonnes of manganese ore in September and just over 1.80 million tonnes in October, taking the year-to-date total to just over 15.60 million tonnes. The September and October figures beat previous monthly records hit in March an...Read More

China's imports of cobalt intermediates, including cobalt hydroxide, surged by 24.5% in July-September versus the prior quarter amid extensive procurement from Chinese consumers, who looked to take advantage of falling cobalt raw material prices during the period.China imported 85,571 tonnes of cobalt intermediates in the third quarter of this year, up from the 68,717 tonnes shipped in April-June...Read More

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Bob Moriarty ArchivesOct 31, 2019I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Something very bad comes this way. Right out of the blue the Fed began todump bundles of crisp $100 bills onto a financial firein the middle of September when the overnight rate shot to...Read More

Key global market indices closed higher but futures were mixed today.Gold major Newmont Goldcorp (NYSE: NEM) closed up 0.5% in New York.The gold price has edged back up towards US$1,500 an ounce and was worth $1,498/oz on the spot market earlier.In terms of other commodities, nickel closed 0.3% lower on the London Metal Exchange as uncertainty lingers over the situation in Indonesia.Reuters has re...Read More

Stay Autonomous tweeted the community march to Rio Tinto was in solidarity with people in Latin America impacted by environmentally destructive practices.Another protest group said it was marching down Collins Street, the centre of mining corporations today and historically, and headed to BHP and OceanaGold "to let them know what we think of their corporate violence here and around the world".Bloc...Read More

I got the bad news on Wednesday morning...John Witherspoon, one of the funniest men on the planet, went gently into that good night.The 77-year-old comedian, who started his comedy career in the 1960s, is probably best known for his role as Willie Brown in the movie Friday: an unapologetic, working-class father who had no social filter and a heart of gold.He provided valuable life lessons for his...Read More

CBD is perhaps the single fastest-growing market right now.Get this: According to a new report by Market Research Future, the global CBD market is projected to grow at a whopping 125% CAGR over the next five years to reach $2.2 trillion.125%!!!That far surpasses all other CAGR estimates for every other major developing market.Artificial intelligence, virtual reality, cybersecurity, biotechnology,...Read More

By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More