The UK ferrous scrap market for deliveries to domestic consumers in July has settled at prices unchanged from the previous month, on a tightness in the volume of material on the market, trade sources told Fastmarkets on Friday July 12.The market will soon slow down for the usual summer break, they predicted, when production will typically be reduced by workers' holidays, and by plants' maintenance...Read More

Domestic prices for ferrous scrap in Italy have declined over the past month due to falling demand from the mills, sources told Fastmarkets on Friday July 12.The monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill Italy, was ?,?240-255 ($270-287) per tonne on July 12, compared with ?,?245-265 per tonne in the assessment in the middle of June."The market is w...Read More

The UK light iron inter-merchant spot market was unchanged for the third consecutive week following the rollover of monthly delivery settlements, sources told Fastmarkets on Friday July 12.Fastmarkets' steel scrap 5C loose old light domestic, inter-merchant price was ?80-100 ($100-125) per tonne on July 10. Although many market participants agreed that prices were steady this week, some may have...Read More

Turkish steel producers ended the week with only one deep-sea transaction amid weak long steel and billet markets, sources said on Friday July 12.Since a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20) on July 9, steelmakers have stayed away from the deep-sea scrap market.The reason behind the weak demand for deep-sea scrap was th...Read More

The price of shredded ferrous scrap imported into India has risen for the second consecutive week following the appearance of higher offer prices on the market, sources told Fastmarkets on Friday July 12.Fastmarkets' weekly assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $319.09 per tonne on July 12, up from $316.27 per tonne a week earlier.Once again, this week no...Read More

Eastern China's hot-rolled coil prices continued to soften on Friday July 12, with traders continuing to make concessions to boost trading activity, though producers raised their offers.DomesticEastern China (Shanghai): 3,850-3,860 yuan ($560-562) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, unchangedTransaction prices in Shanghai fell further during th...Read More

Interest for seaborne premium low-vol coking coal is picking up in China following recent price drops for such cargoes.A shipment of top-tier product scheduled for loading in August was traded at $191.50 per tonne cfr China, sources told Fastmarkets on Friday July 12.Prices for premium low-vol materials on a cfr China basis have fallen by around $6-7 per tonne since the beginning of this month. A...Read More

A weakening of rebar futures in China on Friday July 12 led to participants withdrawing from the spot market for the long steel product, resulting in a drop in trading activity and keeping prices at a standstill for a second day. Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($579-582) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedTraders kept prices flat...Read More

New stainless steel futures that the Shanghai Futures Exchange is looking to launch by the end of 2019 could support physical trading activity and increase liquidity in the spot market, sources told Fastmarkets this week."This could increase liquidity in the spot markets because market participants can have a clearer idea of future price trends," an industry source said.SHFE chairman Jiang Yan las...Read More

US silicon prices have again moved lower in an unusually active spot market, with sources indicating that some forced discounting for midyear accounting purposes may be taking place; demand is typically weakest during the northern hemisphere's summer months.Fastmarkets' price assessment for silicon, ddp US, fell to $1.05-110 per lb on Wednesday July 10, down from $1.08-11 per lb a month earlier on...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Fastmarkets minor metals prices changed on Friday July 12:Minor metalsAntimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,900-6,150 per tonne from $5,950-6,150Bismuth 99.99% Bi min, in-whs China, yuan/tonne: 40,500-41,500 yuan per tonne from 40,500-42,000 yuanChromium alumino-thermic 99% min, in-whs Rotterdam, $/tonne: $7,435-7,600 per tonne from $7,500-7,800Cobalt alloy g...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The European stainless steel market were stable this week in typically quiet summer trading, sources said on Friday June 12. Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe price was ?,?2,125-2,200 ($2,393-2,478) per tonne on Friday, unchanged week on week.Demand in most of Europe remains low but Scandinavia is a major exception. One distri...Read More

Austenitic alloy steel scrap prices in Europe increased this week as a result of higher nickel costs, sources told Fastmarkets on Friday June 12. The increases came about despite low demand, which in recent weeks has countered the influence of higher nickel prices. However, this week the nickel price rises were more substantial. The price of nickel, 3 months, London Metal Excha...Read More

Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand.In the US, the aluminium wheel alloy silicon 7 ingot/t-bar premium, delivered duty-unpaid, declined to 9-12 cents per lb on July 12 from 12-15 cents per lb in the previous monthly assessment in June.The premium is now at its lowest since March 2018 when it stood at 10-11...Read More

The study's highlights are presented and discussed in a Canaccord Genuity report. In a July 4 research note, analyst Eric Zaunscherb reported that Canaccord Genuity raised its target price on Orezone Gold Corp. (ORE:TSX) to CA$1.50 per share from CA$1.40. This represents a 127% projected return from the company's current share price of CA$0.64.This change resulted from Canaccord Genuity updating...Read More

The asset's recent output and the company's exploration plans are provided in an Echelon Wealth Partners report. In a July 8 research note, analyst Ryan Walker reported that a site visit to Harte Gold Corp.'s (HRT:TSX) Sugar Zone mine in White River, Ontario, left Echelon Wealth Partners impressed. The favorable aspects include the "ease of access and compact nature of the mine, the ease of ore v...Read More

Recent drill results from the asset and its current resource are discussed in a Haywood report. In a July 3 research note, Haywood analyst Kerry Smith reported that Bluestone Resources Inc.'s (BSR:TSX.V) recent drill results "continue to highlight the potential to upgrade Inferred resources to the Measured and Indicated (M&I) category at Cerro Blanco" in Guatemala. Smith reviewed the newly report...Read More

We believe Gold is setting up for anincredible upside breakout move after reaching our predicted target near $1450.For those of you that have been following our research and Gold calls, we’venailed this move and our October 2018 predictive modeling call has continued tomirror (almost exactly) the price movement in Gold over the past  10+ months. See the chart below. Our Adaptive Dy...Read More