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

(IDEX Online) - Antwerp's first-quarter exports of rough were up by almost 40 per cent by value as markets continued their recovery from the depths of the Covid pandemic.Total sales were almost $2.6bn - up just over 14 per cent by weight to 25.8m carats - according to new figures from the Antwerp World Diamond Centre (AWDC).The combined value of traded rough diamonds - imports plus exports -...Read More

(IDEX Online) - A man has admitted hiring a killer to shoot his father, a well-known jeweler in Texas, USA and has been sentenced to 35 years in prison.Nicolas Patrick Shaughnessy, 22, entered a guilty plea to a capital murder charge, following the death of his father Ted in March 2018.He reportedly hoped to profit from $2m in life insurance - to which he was sole beneficiary  - as well as bu...Read More

Aluminium's futures price reached yet another year-to-date high on the London Metal Exchange on Wednesday April 14, while tin returned above the $26,000 per tonne mark and copper bounced up by 2% on a day when most metal prices were again boosted by a lower US dollar.Aluminium's price peaked at $2,329 per tonne during trading on Wednesday, and closed up by 1.3% at $2,323.50 per tonne, from Tuesday...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 14. Please click...Read More

The copper industry is keeping a close eye on labor negotiations at Chile's mines this year, at a time of increased prices, sociopolitical uncertainty and delayed concentrates shipments. The table below provides a summary of the labor union negotiations...Read More

Chile's copper miners face the biggest set of labor negotiations in years, but with prices expected to maintain current highs, how high is the risk to output disruptions? Fastmarkets investigates.More than 40 labor negotiations are due to take place this year at mines in Chile, the world's leading copper producer, against a backdrop of almost decade-high metal prices and elections set to be hotly...Read More

The falling London Metal Exchange zinc price boosted spot demand for zinc ingot in both Europe and the United States in the week to Tuesday April 13, while lead premiums in Southeast Asia were up on recovering demand. The LME three-month zinc price fell to $2,758 per tonne on Monday at the close, renewing interest for spot demand.  Zinc demand remains strong in the US despite automotive outpu...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationWhile the AIM-listed miner has seen no marked increase in cases at its Kounrad operation in Kazakhstan, CAML said there had been "a larger number of cases at Sasa and in the nearby towns, coincidingRead More

Copper cathode premiums have taken a dive in the main market in China, where buyers are able to pick up units at low levels that were last traded in late November 2020, sources told Fastmarkets.Shanghai premiums drop to four-month lowSoutheast Asia copper premiums stableUnited States' copper premiums unmovedChina's copper import premiums collapse on sustained arbitrage lossPremiums for imported gr...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company said the latest results were from drilling targeting extensions of the volcanic-hosted massive sulphide associated mineralisation at the La Romana discovery, about 15km west of First Quantum Minerals' Las Cruces copper mine.A highlight intercept of 23m at 1.06% copper-equivalent from 27m also incl...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationYellow metal production is forecast to grow 154% from 125,000 ounces in 2020 to 318,000oz in 2024 due to production increases at Hudbay's Snow Lake operation in Manitoba, Canada, where the company'sRead More

Steelmaker ArcelorMittal has completed an investment agreement with Invitalia, an Italian state-owned company, forming a public-private partnership between the two parties, the steelmaker said on Wednesday April 14.The joint company AM InvestCo Italy will be renamed Acciaierie d'Italia Holding, and its main operating subsidiary, ArcelorMittal Italia, will be renamed Acciaierie d'Italia.Invitalia h...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationBalkanization refers to fragmentation of globally integrated supply chains that have been global economic drivers for the past 20 years.Read More

Prices for steel hollow sections in Europe jumped on Wednesday April 14 due to mills passing on soaring feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?950-1,050 ($1132- 1,251)per tonne on April 14, up from ?,?920-950 per tonne one week previous.The ongoing shortage of hot-rolled coil (HRC) - the feedst...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.* Tuesday’s US consumer price index (CPI) reading climbed by 0.6% in March, slightly highe...Read More

Steel rebar prices is the north of Europe were flat in the week to Wednesday April 14, despite subdued buying activity in some countries and customers pushing for discounts, Fastmarkets heard.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe remained at ?,?650-670 ($775-798) per tonne on April 14, unchanged week on week.After a splash of bu...Read More

European steel H-beam prices was unchanged on Wednesday April 14, with the outcome of monthly scrap settlements not yet clear, sources told Fastmarkets. Fastmarkets assessed the weekly price for steel beams, domestic, delivered Northern Europe at ?,?750-780 ($883-930) per tonne on Wednesday, steady week on week. Fastmarkets' weekly price assessment for steel beams, domestic, delivered So...Read More

The domestic steel wire rod price in the north of Europe held steady in the week to Wednesday April 14 despite producers' efforts to push for increases, with buyers reporting difficulties passing higher prices downstream. Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?660-690 ($786-822) per tonne on Wednesday, unchanged since...Read More

Magna International (MG), a TSX 60 stock moved above $118.71 to an all-time high extending an intermediate uptrend. Open Text (OTEX), a TSX 60 stock moved above US$49.77 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday April 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Crude oil advan...Read More

Turkish steel producers continued to hold back from deep-sea scrap bookings because of limited sales of finished long steel, sources told Fastmarkets on Wednesday April 14.The most recent cargo sale was at the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded.The deal caused a $...Read More