Fastmarkets is inviting feedback from the industry on the pricing methodology for its cobalt hydroxide index as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which begins on Wednesday June 16 and will end on July 13, seeks to ensure that our methodologies...Read More

Turkish steel mills remained silent in the scrap markets on Wednesday June 16, with market participants mulling the likely direction of price movements.The mills did not book any new cargoes on Wednesday, having agreed two deals the day before at lower prices, marking a potential change in direction for the market, which had become more positive so far in June.One market participant said, however,...Read More

Steel scrap import prices into China remained stable on Wednesday June 16 despite reports of a new transaction for Shindachi busheling from Japan to China.A deal for 3,000 tonnes of Shindachi, the prime scrap grade traded in Japan, was heard at $550 per tonne cfr China. The deal was believed to have been done on Tuesday.There were mixed views about whether there was any price difference between Sh...Read More

Fastmarkets is inviting feedback from the industry on the pricing methodology for its cobalt hydroxide index as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which begins on Wednesday June 16 and will end on July 13, seeks to ensure that our methodologies...Read More

The gap between lithium spot and contract prices has narrowed significantly in 2021 as a result of tight availability along the lithium supply chain and price evolution, market sources said.For example, Fastmarkets' monthly assessment of the lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price cif China, Japan & Korea was $12.50-13.50 per kg on May 26, an increase of $1...Read More

Share this articleTORONTO - Bunker Hill Mining Corp. (CSE: BNKR, OTC: BHLL) reported the initiation of a ground geophysical survey over the previously un-tested southern extension of its claims package.The program, scheduled for Q3 2021, will be conducted as a high-resolution 3D IP (DCIP) survey method from Dias Geophysical Ltd utilizing their proprietary DIAS32 survey system. The total coverage a...Read More

European buyers of hot-rolled coil have been holding back from making deals for material, awaiting the European's Commission decision on import safeguard measures and clarity in the global market, sources told Fastmarkets on Wednesday June 16.Some buyers were still willing to accept current offer prices if they needed to restock specific materials, or if they were able to secure back-to-back deals...Read More

Sometimes we shrug things off without a second thought. Let's look at a perfect example from earlier this year, shall we?It's safe to say that we all remember a little bit about the deep freeze that took place in Texas last February. At the very least, you've read headlines about it. After all, the bitterly cold temperatures that gripped Texas brought its electric grid to its knees.But throughou...Read More

We spoke with Jason Billan, who is President, CEO and Director of Gatling Exploration (TSXV: GTR, OTCQB: GATGF). Gatling Exploration owns the advanced, high-grade Larder gold project in Ontario, Canada, in the heart of the Abitibi greenstone belt, just 35km east of Kirkland Lake. The project's historical resource contains 43,800 indicated Au oz at 4.1 g/t and 917,000 inferred Au oz at 5.6 g/t. Gat...Read More

The Italian steel distributors association, Assofermet, is calling for the complete removal of safeguard measures in Europe to protect steel users and consumers from the effects of the record high prices currently seen in the market. The association demanded the removal of the import controls on 26 steel products after the European Commission proposed extending the current measures for another thr...Read More

Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe and United States hot-rolled coil indices as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which is open until July 16, 2021, seeks to ensure that our meth...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More

A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to March 31, 2021.In briefEarnings increased in line with increased production of flat steel, specifically hot-rolled coil, and exports, the company said in a release to London Stock Exchange on Wednesday June 16."With respect to flat steel, a significant development has occurred in t...Read More

Steel wire rod prices in Northern Europe increased as expected in the week to Wednesday June 16, mainly propelled by the continuing tightness of supply, but aggravated by restricted access to imports due to the trade safeguard measures currently in place, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?860-90...Read More

Turkish steel mills remained silent in the scrap markets on Wednesday June 16, with market participants mulling the likely direction of price movements.The mills did not book any new cargoes on Wednesday, having agreed two deals the day before at lower prices, marking a potential change in direction for the market, which had become more positive so far in June.One market participant said, however,...Read More

Steel scrap import prices into China remained stable on Wednesday June 16 despite reports of a new transaction for Shindachi busheling from Japan to China.A deal for 3,000 tonnes of Shindachi, the prime scrap grade traded in Japan, was heard at $550 per tonne cfr China. The deal was believed to have been done on Tuesday.There were mixed views about whether there was any price difference between Sh...Read More

Austrian steelmaking group Voestalpine has developed an industrial scale process for carbon-neutral steel production without the use of fossil carbon and secured the intellectual property rights to the process from the European Patent Office, the company said on June 15.The patent is valid in all major European steel manufacturing countries and specifically covers the production of sponge iron - d...Read More

Export prices for steel billet from Iran slipped over the week to Wednesday June 16, with sellers having to compensate for rising freight costs because end-customers were not ready to accept higher prices, Fastmarkets has learnt.One Iranian producer sold 30,000 tonnes of billet at $628 per tonne fob southern ports of Iran. The cargo was destined for Asia, according to market sources.Another suppli...Read More

China's domestic rebar prices continued to fall on Wednesday June 16 due to sellers looking to destock.DomesticEastern China (Shanghai): 4,980-5,010 yuan ($778-783) per tonne, down by 70 yuan per tonne.Fear of further drops in end-user demand and the decline in futures prices have strengthened sellers' desire to run down...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More