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
The price of tin rose by more than 2% and copper rose to more than $8,000 per tonne on Wednesday January 20, with the London Metal Exchange base-metals complex bullish at the start of the Biden presidential administration in the United States."Risk sentiment was positively skewed on January 20 on the official inauguration of the newly elected President of the United States, Joe Biden," Fastmarkets...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 20.Please click...Read More
Bob Moriarty ArchivesJan 20, 2021What if they gave you a party and nobody came? That’s the situation that Brigadier Gold (BRG-V) seems to be caught in. Brigadier has been drilling their Picachos gold property in Mexico and coming out with excellent results. No one seems to care.Brigadier has an option on the 3954 haPicachos Gold-Silver propertyin Sinaloa. To earn 100% BRG is paying cash of $...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More
The S&P 500 closed up 1.39% to a record high of 3,851.85.Gold shot up about US$30 an ounce to more than $1,870/oz on the spot market.The iron ore price remains strong, around $170 per tonne, with the market impacted by factors including last week's fire at one of Vale's main ore shipping terminals in Brazil, Ponta da Madeira, which reportedly could limit shipping capacity by 32 million tonnes...Read More
Mining production was pulled down by a 35.3% drop in iron ore output, which contributed -3.9 percentage points, and a 16.1% fall in platinum group metals production, contributing -3.4 percentage points.There has been an upward trend in production since the 47.3% yoy plunge in April 2020 caused by the country's COVID-19 shutdown.Seasonally adjusted mining production increased by 6.3% for...Read More
European ferro-chrome prices rose strongly in the week to Tuesday January 19, with China and other destinations drawing in material than would normally be destined for Europe.Demand for feedstock from consumers and traders also rose, sources said.Fastmarkets' price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe gained 2-6 cents (or 4.4%) to $0....Read More
Lead premiums in the United States continue to firm on supply shortages and consistent demand, while big deals being done in Indian and European markets are also starting to pick up, sources said.US lead premium hits an over three-year highGravita seals deal in IndiaEuropean physical zinc market fires upUS lead premium most since 2016, zinc premium holdsIn the United States, the 99.97% lead ingot...Read More
Vancouver, BC January 20, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce that with respect to its special meeting of shareholders held today (the "Meeting"), all of the resolutions were duly passed, including the special resolution (the "Arrangement Resolution") to approve the proposed plan of arrangement (the "Arrangement") pursuant to which K...Read More
Jan 19, 2021 Guest(s): Darren Blasutti CEO, Americas Silver Corp. Silver is expected to perform better than gold for the near to medium-term, and Americas Gold and Silver's production strategy will evolve around this thesis, said CEO Darren Blasutti."I think silver is going to outperform gold this year and for the next couple of years. I'm bullish on gold too by the way, but we've had a really n...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$8,000,000.The Company plans to issue up to 16 million units (the "Units") at a price of CA$0.50 per Unit. Each Unit consists of one common share (a "Common Share") an...Read More
Restricted supply of material has sent domestic ferro-chrome and imported charge chrome prices higher in China during the week to Tuesday January 19, according to market sources.Fastmarkets assessed ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China at 7,500-8,000 yuan ($1,157-1,234) per tonne on Tuesday, up by 800-1,000 yuan (13%) from 6,700-7,000 yuan per tonne a week earlier, and at their high...Read More
The price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
Falling Turkish deep-sea scrap import prices have continued with the latest Baltic Sea transaction heard on Wednesday January 20.A steel mill in the Marmara region booked the Baltic Sea cargo, comprising HMS 1&2 (80:20) at $440 per tonne, shredded at $445 per tonne and bonus at $450 per tonne cfr. The cargo composition was not clear.The previous deep-sea deal, which was from the United...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 20.Key drivers European titanium scrap markets jumped for low tin and higher tin-content material over 20% and 10%, respectively, amid a severe shortage of feedstock, which has worsened this year due to the cumulative impact of the Covid-19 pandemic on end-user industries, particularly aerospace.This is the third consecutive...Read More
German automaker Audi has gained recognition for its sustainable and responsible sourcing of aluminium by attaining the Aluminium Stewardship Initiative (ASI) "Chain of Custody Standard" (CoC). The certification applies to Audi's press-shop operations at two auto body plants in Germany - at Neckarsulm and Ingolstadt. The two plants produce automotive body parts&n...Read More
A summary of Antofagasta's production results for the fourth quarter and full year of 2020, as stated in its quarterly production report published on Wednesday January 20.Chilean copper miner Antofagasta's copper production dropped by 4.7% to 733,900 tonnes in 2020 from a year earlier, due mainly to lower grades at the Centinela mine in...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were once again mixed this morning, Wednesday January 20, but the likelihood of plentiful US fiscal stimulus in the days ahead is likely to underpin markets at least for a while, although any new measures to tackle Covid-19 may well become a headwind. US Dollar Index heads lower again Market full of expectations as Joe B...Read More
The price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More