Seaborne iron ore prices continued to slide on Wednesday April 10, while the seaborne spot market remained subdued with no open tenders being issued by the major miners.MB 62% Fe Iron Ore Index: $94.61 per tonne cfr Qingdao, down $0.24 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.73 per tonne cfr Qingdao, down $0.24 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.57 per tonne cfr Qingd...Read More
Uncertainties continue to linger in the seaborne coking coal spot market, with most participants still keeping away from the premium hard coking coal segment due to a divergence between offers and bids.While offers for premium hard coking coal have stayed largely stable at $200-204 per tonne cfr China, bids from end users have emerged around $190-195 per tonne cfr, various sources told Fastmarkets...Read More
Japanese ferrous scrap is expected to be more competitive against materials from the United States' west coast after the Kanto Tetsugen tender price plunged on Wednesday April 10, market sources told Fastmarkets MB.The cooperative of scrap dealers in Japan's most-industrialized region concluded its April export tender of H2-grade scrap at ?23,300 ($209) per tonne fas Tokyo Bay, down ?1,710 per t...Read More
China's domestic rebar prices dropped slightly on Wednesday April 10 due to softer demand. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($596-603) per tonne, down 50-70 yuan per tonneNorthern China (Beijing): 3,940-3,980 yuan per tonne, down 10-20 yuan per tonneBuyers have been cutting their procurement rates since Tuesday due to recent price increases. They continued to limit their purchas...Read More
Strong LME spreads bolstered aluminium premiums in both the US Midwest and Europe in the week ended on Tuesday April 9, while increased metal availability in Trieste helped increase market liquidity in Italy and main Japanese port (MJP) premiums held firm amid active trading despite short supply. Benchmark Rotterdam duty-unpaid premium touches $100 per tonne for first time since June 2018US Midwes...Read More
China's hot-rolled coil prices retreated on Wednesday April 10 with trading activity in the domestic market said to be at moderate levels.DomesticEastern China (Shanghai): 3,970-3,980 yuan ($591-593) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, down 10 yuan per tonneA Shanghai-based trader said buyers were only placing orders on an as-needed basis, rather...Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Wednesday April 10, with most metals trading in narrow ranges and buying appetite in Europe subdued. Volumes traded have been thin this morning. The most-traded metal is copper with just over 4,000 lots changing hands as of 9:30am London time. The three-month copper price is trading just below $6,480 per tonne d...Read More
Electric vehicles will shift to using solid-state batteries using lithium metal in the long term, but requisite developments in the manufacturing process mean batteries with liquid electrodes will remain in use until at least the late 2020s, according to Emily Hersch, managing partner of DCDB Group. "The practical reality of how [solid-state technology] goes from laboratory to supply isn't so much...Read More
The following Fastmarkets minor metals prices changed on Wednesday April 10:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 44,000-45,000 yuan per tonne from 43,500-45,000 yuanCobalt MB free market alloy grade, $/lb: $16.50-17.30 per lb...Read More
Key data from the Wednesday April 10 pricing session in Europe.Key driversThe European ferro-titanium price moved up in the past week, while scrap markets also increased amid firm fundamentals that have fueled a price rally since March. Current business conditions are expected to persist through April and into May. There were reports that a major German steelmaker booked 150 tonnes of alloy for sh...Read More
Chinese domestic prices for antimony gained some momentum late last week when all the private antimony producers in Lengshuijiang, in China's central province of Hunan, were required to halt production for safety checks, sources told Fastmarkets on Tuesday April 9.On April 3, before a national public holiday on April 5, relevant authorities in Lengshuijiang, which is China's major antimony product...Read More
Global risk sentiment soured overnight following news that the International Monetary Fund (IMF) has downgraded its global growth outlook for 2019 to 3.3% from 3.5% previously. The IMF forecasts the slowdown seen in the second half of 2018 to continue into the first half of this year before picking up in the second half of 2019. The projected growth rate for next year was unchanged at 3.6%.As a re...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 10:Aluminium scrapLoose old rolled cuttings: ?680-710 per tonne from ?690-720Cast wheels: ?1,140-1,170 per tonne...Read More
The following is an interview by Cobalt 27 Capital (TSX-V: KBLT; US-OTC: CBLLF) chairman Anthony Milewski with the London Metal Exchange's Product Development department to discuss the LME's electric-vehicle battery materials initiatives and the launch of its new cobalt contract.Anthony Milewski: What is the London Metal Exchange and what does it offer as a platform?London Metal Exchange: The Lond...Read More
Hi guys! This is a veeryyy highly requested skincare products video all about affordable and drugstore dupes! This is for all of you, dry skin, combination skin, oily skin and sensitive skin types, so there's definitely something that all of you could add to your current skincare routine! ??~~Just some of the brands we mention are Tatcha, Drunk Elephant, Fresh, Sunday Riley and much more! So check...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.The yield curve and bonds can also be leading indicators.But there is one thing I've never mentioned, nor written abo...Read More
Over the past 12-month period, Cameco (TSX:CCO)(NYSE:CCJ) has seen its share price appreciate over 25%, becoming one of the top movers on the market. That may come as a surprise to many, particularly as the uranium miner has struggled with depressed demand over the past decade, as utilities have shied away from nuclear reactors for their electricity needs.Let’s take a look at some of the ev...Read More
The strong recovery in equity markets in 2019 has wiped out many of the deals that were available at the end of last year, but some sectors, including gold, continue trade at depressed levels and investors are wondering whether this is the right time to add gold miners to their portfolios.Let’s take a look at the current situation in the gold market and see if gold stocks such as Barrick Gol...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times.The yield curve and bonds can also be leading indicators.But there is one thing I've never mentioned, nor written abo...Read More
Sprott's company said its 2.5 million share purchase warrants, with an exercise price of C60c per share, had expired, decreasing his beneficial ownership by about 5.Read More