Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More
Manganese flake prices hit record highs in Europe and the United States in the week ended Friday August 13, amid short supply, talk of further production cuts and persistent delays in transportation from China.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam, rose by 5.6% to $5,050-5,250 per tonne on August 13, up from $4,750-5,000 per tonne in the...Read More
Aug 16, 2021 Guest(s): Michael Gentile strategic investor The gold mining sector is demonstrating excellent fundamentals, representing a complete disconnect between intrinsic value and market value, said Michael Gentile, strategic investor. "The industry has never been better fundamentally at a time when the least amount of investors ever have interest in the sector," Gentile told David Lin, anc...Read More
Turkish steel producers started the week with a single deep-sea cargo, which further deepened the decrease in prices, market participants told Fastmarkets on Monday August 16.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 18,500 tonnes of HMS 1&2 (80:20) at $455 per tonne, along with 5,000 tonnes of shredded and 1,500 tonnes of bonus at $470 per tonne cfr.The previous cargo...Read More
Fastmarkets today launches two daily indices for cfr China ferrous scrap prices, reported on a US-dollar-per-tonne basis.After the original consultation period for this proposed launch, which ended on August 9, Fastmarkets has launched its steel scrap, index, heavy recycled steel materials, cfr east China, $ per tonne and steel scrap, index, heavy recycled steel materials, cfr north China, $ per t...Read More
German steelmakers settled their monthly steel scrap contracts for August at lower prices, following the trend in international markets, sources told Fastmarkets.The fall in prices of new scrap grades, including E8 grade, was less pronounced due to the continued short supply of the material both from automotive producers and from flat steel service centres.Stoppages and reduced production rates in...Read More
Aug 16, 2021 Guest(s): Randy Smallwood When given a choice for which precious metal may be the most supply constrained, Wheaton Precious Metals' CEO Randy Smallwood chose gold. "We haven't seen any big gold projects or gold discoveries in a long time," said Smallwood who spoke to Kitco on Friday. On Thursday Wheaton Precious Metals (NYSE:WPM) record quarterly revenue of $330 million during the...Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its operations at the Highland Valley Copper mine in south-central British Columbia have been temporarily suspended due to wildfire activity in the region.The decision to suspend operations was taken on August 14, 2021, and followed an evacuation order issued by the District of Logan Lake."All workers are...Read More
Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to timing of loading.The timing of loading for Fastmarkets' nickel sulfate ex-works China price assessment is within seven days, which was not reflected in the specifications when the price assessment was launched in July 2018.Fastmarkets confirms that the specifications are as follows, with the cl...Read More
We spoke with James Anderson, Chairman and CEO of Guanajuato Silver Company Ltd. (TSXV: GSVR, OTCQX: GSVRF), a mining and development company, engaged in reactivating past producing silver and gold mines, near the city of Guanajuato, Mexico. Guanajuato Silver is a near-term producer, focused on the refurbishment of the El Cubo mine and mill, and swift re-commencement of production, from the El Cub...Read More
Based on our current best guess, the first life on Earth popped up around 3.5 billion years ago - just in time for the planet's 1 billionth birthday. In fact, humanity as we know it is a relative newcomer to the stage, with the first bones of our ancestral Homo sapiens dating as far back as 300,000 years ago in Africa. Yet somehow, eons before anything remotely close to a human existed on Eart...Read More
The vested interests on Wall Street won a big round against the crypto industry on Capital Hill last week but it is likely to end up being a Pyrrhic victory. Also, what's wrong with silver?Old Wall Street has that sinking feeling (photo by Kristopher Roller)Click here to read this week's Insights. Read More
Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More
Prices of flat steel coil products in the Brazilian spot market remained stable in August, with distributors finding it difficult to compete with a strong influx of imported material.High volumes of coil material arrived through July and continued into August, all booked at lower prices several months ago.Imports of flat steel reached 190,854 tonnes in July 2021, up by 141% from the 79,186 tonnes...Read More
Domestic hot-rolled coil prices were stable across Europe on Monday August 16, reflecting typically quiet market conditions over the summer, sources told Fastmarkets.Most of the region's buyers and producers have been holding back from trading during August; activity is not expected to pick up until early September, as is traditional.Fastmarkets calculated its steel hot-rolled coil index, domestic...Read More
Here are five Fastmarkets stories you might have missed on Monday August 16 that are worth another look.Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to August 16.A lack of available containers for shipments out...Read More
Rebar and wire rod export prices from the Commonwealth of Independent States continued to decrease in the week ended Monday August 16, pressured by the downward trend in the Turkish market that was spurred by a lack of demand and lower costs for imported scrap.Scrap prices in Turkey declined at the beginning of this week due to the latest transaction.Thus, Fastmarkets' index for steel scrap,...Read More
Apparent steel use in the European Union will increase by 11.2% year on year in 2021, the European steel association Eurofer said in the week to Monday August 16.The association has downgraded the outlook slightly compared to figures publishedin May 2021.In its previous outlook, Eurofer expected the EU's apparent steel consumption toincrease by 11.7% year on year in 2021.The association also...Read More
Turkish steel producers started the week with a single deep-sea cargo, which further deepened the decrease in prices, market participants told Fastmarkets on Monday August 16.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 18,500 tonnes of HMS 1&2 (80:20) at $455 per tonne, along with 5,000 tonnes of shredded and 1,500 tonnes of bonus at $470 per tonne cfr.The previous cargo...Read More
Most iron ore prices increased on Monday August 16 despite limited trading activity in the physical market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.52 per tonne, up $1.45 per tonne62% Fe low-alumina fines, cfr Qingdao: $164.03 per tonne, up $1.29 per tonne58% Fe fines high-grade premium, cfr Qingdao: $131.47 per tonne, up $0.81 per tonne65% Fe Brazil-o...Read More