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 London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the 'Biden bounce', even as the dollar continued to weaken. LME tin's three-month price was at $21,935 per tonne, for example, shortly after 9am, a slight move sideways from its Thursday closing price of $22,000 per tonne. ...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought. Republicans in US Congress thought to be willing to work with President Joe Biden on his $1.9 trillion...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.USAThe US manganese alloys markets continued their uptrend this week while thin available inventory and renewed demand strength continue to drive price strength.Lagging US imports and global production cutbacks have been credited with creating the present shortage of material on the groun...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
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
For a junior exploration company that started trading on the TSX Venture Exchange in late November 2020, Whitehorse Gold (TSXV: WHG) has made significant progress at its 100%-owned Skukum gold project in the southern Yukon, about 55 km south of Whitehorse.The 170 sq. km project consists of the Skukum Creek and Goddell gold deposits, and the past-producing Mt. Skukum gold mine, which produced 79,...Read More
South African miner Gold Fields (NYSE: GFI) has formally begun construction of the mining infrastructure for its Salares Norte project in northern Chile.The company expects to complete the US$860 million project in late 2022, with first gold production in early 2023.About 15% of the construction has already completed, Gold Fields said. That includes a mining camp for 1,800 people, related in...Read More
Haywood Securities is raising its price forecasts for copper this year from US$3.00 per lb. to US$3.50 per lb.; for zinc from US$1.10 per lb. to US$1.25 per lb.; and for nickel to US$8.00 per lb. from US$6.75 per pound.Looking beyond 2021, Haywood's forecast for 2022 is US$3.50 per lb. copper; US$1.20 per lb. zinc; and US$8.50 per lb. nickel."The economic recovery is building, demand for metals is...Read More
Australian rare earths miner Lynas Corp.'s (ASX: LYC) shares jumped on Friday after it announced a deal with the U.S. government to build a commercial light rare earths separation plant in Texas.The facility, expected to produce about 5,000 tonnes of rare earths a year, would help Washington's push to secure domestic supply of essential minerals used in magnets and motors that power phones, wind...Read More
Prices for steel scrap across Asian markets have plummeted in recent days due to weak sentiment and buyers abstaining from purchases, market participants told Fastmarkets on Friday January 22.Asian markets started the week with a slump amid lower steel consumption and falling ferrous futures in China.Market expectations of further price drops ahead of the Chinese New Year - observed in a week-long...Read More
Taiwanese scrap buyers have stayed away from the import markets on sharply correcting prices during the week to Friday January 22, markets sources told Fastmarkets.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $400-405 per tonne on Friday, down $5 per tonne from a day earlier and down by $26-30 per tonne...Read More
There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources told Fastmarkets. Offers for Japanese H2 were at $425-435 per tonne cfr southern Vietnam, down $30-40 per tonne week on week. Steel mills did not show any interest at this price. The limited interest for heavy scrap was exacerb...Read More
Bulls in charge, suggests StoneXRead full newsRead More
President Joe Biden inherits a problematic trade deal with China and the unpalatable choices of trying to make Beijing meet its commitments on purchases of US commodities.Read full newsRead More
CALGARY - Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn't already own in a cash-and-shares transaction worth $132 million or 30 cents per share. Eldorado owns about 17 per cent of the QMX shares, purchased for six cents each in a private placement at the end of 2019. It's offering 7.5 cents in cash and...Read More
Gold had a good year in 2020, but something changed toward the end of the year that you can't afford to ignore.Read full newsRead More
Judson Culter, CEO, Rover Metals Corp. shares his company's stoRead full newsRead More