European titanium markets surge higher in line with demand

The European ferro-titanium price has jumped to a peak last seen in May 2013, when it was assessed at a range of $6.70-6.90 per kg ddp, after renewed trading activity in quarterly business to steelmakers from January has joined with a bull run in spot demand since September.

Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $6.25-6.75 per kg on Wednesday December 9, an increase of almost 20% from $5.25-5.65 per kg a week earlier.
Several spot deals were reported both for prompt and longer-term delivery contracts to steel mills out as far as February. Spot deals were reported as high as $6.70 per kg ddp, with the latest offer prices as high as $6.95 per kg ddp.
Suppliers reckon $7 per kg will be reached for standard grade ferro-titanium before the Christmas holidays on December 25, with $8 kg a realistic target into early January against expected robust demand and persistently tight scrap supplies.

"The ferro-titanium market is on steroids," a United Kingdom-based alloy supplier source told Fastmarkets. "The market is being driven higher by a lack of material, raw material, over-reaction, pre-emptive buying,...

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