European ferro-silicon market eyes further price gains

The European ferro-silicon spot price has jumped by 13% so far in February amid firm fundamentals, and with reduced stock levels in Europe - where production levels have fallen after domestic cuts in recent months - and little available for spot sales, prices may be set to climb even further in the near term.

Fastmarkets' price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe rose to ?,?1,180-1,250 ($1,280-1,356) per tonne on Friday February 21, up by 13% at the midpoint compared with ?,?1,050-1,100 per tonne on January 31.
Traders appear to have more material available for prompt demand, hence a wider-than-usual gap in spot prices, with traders offering ferro-silicon sometimes well below producer offer prices. Some European producers are offering ferro-silicon against prompt demand as high as ?,?1,300 per tonne delivered, although no firm deals have been done at that level.

And...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain