Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More

Base metals prices on the London Metal Exchange edged lower during morning trading on Friday April 9 in low-volume trading conditions. The three-month copper price dropped back below $9,000 per tonne this morning, down by $60.50 per tonne to $8,947.50 per tonne.The red metal hit a two-week high of $9,104 on Monday but there have been steady deliveries of copper into LME warehouses over the past fe...Read More

Base metal stocks in Shanghai Futures Exchange-registered warehouses continued to diverge in the week to Friday April 9, with lead inventories rising the most with a 14% increase, while the rest were little changed, according to the exchange's latest stocks report.Lead stocks totaled 52,752 tonnes on Friday, an increase of 6,491 tonnes from 46,261 tonnes a week earlier.Zhejiang Tianchuan warehouse...Read More

Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannRio unveiled the new financing plan, which aims to cover an estimated US$2.3 bill...Read More

Hot-dipped galvanized and pre-painted galvanized iron, or color coated coil, prices in Turkey increased further in the week to Friday April 9, on continuing strong demand in both the domestic and export markets, sources told Fastmarkets.Demand is strong for HDG exports especially in Europe, sources said.Prices for hot-rolled coil - the base product for coated coil - have also been rising.Fastmarke...Read More

Indian mills have increased domestic hot-rolled coil prices for April sales by 3,500-4,500 rupees ($47-60) per tonne on rising international prices of the commodity and tight supply in the domestic market."Mills are not supplying the required quantity to the trade segment which is leading to further increases in HRC prices in the spot market," one market participant said. Fastmarkets assessed ste...Read More

Hot-rolled coil producers in Turkey have started to accept orders for August production this week at increased prices, sources told Fastmarkets on Friday April 9. Prices have increased by at least $30-40 per tonne for hot-rolled coil and $60 per tonne for cold-rolled coil. Market participants said they do not expect price decreases any time soon because producers have already made booking for the...Read More

Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More

A shortage of domestic hot-rolled coil while supply is limited and the prices of overseas material are high are keeping sentiment bullish in the European market, sources told Fastmarkets on Friday April 9.Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?896.67 ($1,066.13) per tonne on April 9, up by ?,?1.67 per tonne from ?,?895 per tonne on April 8....Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points in pre-opening trade.The Canadian Dollar added 0.17 to US79.64 cents following release of Canada's March Employment Report at 8:30 AM EDT. Consensus was an increase of 100,000 versus a gain of 259,200 in February. Actual was an increase of 303,100. Consensus for the March Unemployment Rate was an increase to 8....Read More

Pig iron export prices from the south of Brazil increased due to new sales during the week to Friday April 9.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520-525 per tonne on Friday, up by $10-20 from $500-515 per tonne the previous week.One sale...Read More

"I don't know what the [expletive] I'm doing."Here you have the confession of a stock trader. A stock trader with three days' experience."I just know I'm making money," - perhaps $300 per day, he gloated.Analyst Jason Zweig best tells this fellow's tale:You could have made good money even with bad stock picks. It was like being invited to bet on black, without limits, at a roulette wheel on which...Read More

The United States' pig iron import market remained slow, with booking heard only from Brazil while a stand-off between buyers and suppliers from the Commonwealth of Independent States continued during the week to Friday April 9.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $560-570 per tonne on Thursday, up by $5 per tonne from $555-565 per tonne the previous we...Read More

The price for UK light iron scrap narrowed upward in the week to Friday April 9 as a result of the rising international market in key export destinations, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?145-155 ($199-213) per tonne on Friday, up by ?5 per tonne on the low end of the range from ?140-155 per t...Read More

Prices for shredded steel scrap imported into India and Pakistan rose in the week to Friday April 9 as a result of higher finished steel prices, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $456.38per tonne on Friday, up from $443.30 per tonne on April 1.Deals were heard at $445-450 per tonne and $455 per tonne this week,...Read More

Turkish steel producers continued to book deep-sea scrap cargoes for May shipment on Friday April 9, market sources said.A steel mill in the Iskenderun region booked a Canadian cargo comprising 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded at an average price of $436 per tonne cfr.This compares with a United States cargo sold a day earlier at $438 per tonne cfr on shredded basis.As...Read More

Iron ore prices were mostly stable on Friday April 9 due to weak liquidity in the seaborne market and a downtrend in steel prices, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.54 per tonne, up $0.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.01 per tonne, up $0.30 per tonne58% Fe fines high-grade premium, cfr Qingdao: $154.47 per tonne, down $0.31 per tonne65...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More