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
Turkish domestic scrap prices have remained fairly stable over the past seven days, with most mills keeping their buy prices unchanged week on week, market participants said on Monday April 26.Long steel producers in the Izmir region continued to buy domestic auto bundle and ship scrap at stable prices over the past seven days.Only two mills in the Marmara region cut...Read More
A cargo of 62% Fe Brazilian Blend iron ore fines was traded on Monday April 26 at a price of $194.40 per tonne cfr China on a trading platform, a record high since Fastmarkets' index for 62% Fe low-alumina fines, cfr Qingdao, was introduced in August 2018.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $193.58 per tonne, up by $7.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $194.40 pe...Read More
As the current surge in coronavirus cases in India takes hold, Fastmarkets looks at the possibility that the steel industry could lose its impressive growth.New cases of coronavirus in India have surpassed 350,000 per day and steel plants in the country have been supplying liquid medical oxygen (LMO) to hospitals because of the ongoing shortage of available oxygen. Diverting supplies of oxygen awa...Read More
Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers’ index (PMI) data that was out on Friday.US markets managed to shake-off concerns about US President Joe Biden’s tax plans.Base metalsLME three-month base...Read More
Seaborne premium hard coking coal prices climbed up in both the cfr and fob markets on April 26 Monday, with Fastmarkets' premium hard coking coal index at a three-year high point of $221.61 per tonne cfr Jingtang, China on April 26, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.78 per tonne, up $0.64 per tonnePremium hard coking coal, cfr Jingtang: $221.61 per tonne, up...Read More
Prices for seaborne iron ore pellets and concentrate surged in the week ended Friday April 23 due to strong demand for high-grade products amid ongoing measures to cut emissions in China and supply concerns due to India's deteriorating Covid-19 situation.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $252.38 per tonne, up $21.26 per tonne.66% Fe concentrate, cfr Qingdao: $21...Read More
MasterCard (MA), an S&P 100 stock moved above $389.04 to an all-time high extending an intermediate uptrend.Palladium ETN (PALL) moved above $273.16 to an all-time high extending a long term uptrend.Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $195.82 to an all-time high extending an intermediate uptrend.Emerson Electric (EMR), an S&P 100 stock moved above $93.38 to an all-tim...Read More
China's domestic hot-rolled coil prices surged on Monday April 26 to reach their highest since July 2008, after local authorities in Tangshan, the country's steelmaking hub in the northern region, ordered steelmakers to limit production rates to curb emissions until Tuesday.DomesticEastern China (Shanghai): 5,740-5,780 yuan ($884-890) per tonne, up 150-170 yuan per tonneSeveral Shanghai-based trad...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.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.Read More
China's magnesium prices increased by about 9% in both the domestic and export markets in the week to Friday April 23, with producers raising their offers amid low inventories, market sources told Fastmakets.In the domestic market, Fastmarkets' weekly price assessment for magnesium 99.9%,exw China was 17,000-17,100 yuan ($2,617-2,632) per tonne on Friday April 23, an increase of 1,400 yuan per ton...Read More
Key data from Fastmarkets' pricing session in China on Friday April 23.Key drivers China's cobalt metal price slumps amid weakness in local futures; buyers sent more inquiries, but were still cautious in buying on expectations that prices could fall further. Chinese cobalt tetroxide price narrowed downward on subdued demand; buyers were unwilling to accept higher...Read More
Metal companies transporting material in containers are facing fresh disruption to shipping following the blockage of the Suez Canal last month, sources told Fastmarkets. The main immediate legacy of March's Suez Canal obstruction has been worsening congestion at several global ports following major disruptions to vessel scheduling. These delays to shipping times have also exacerbated shortag...Read More
Emmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaWMX resetting the base for new Wiluna futureSPONSOREDwiluna mining corporationQuarterly production numbers released last week by BHP confirmed that the company is on track to post a...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is buying Roxgold (TSX: ROXG; US-OTC: ROGFF) in an all-share deal valued at about $1 billion (US$884.32 million), as strong gold prices spurs a wave of mergers and acquisitions in the sector.Vancouver-based Fortuna, which has operations in Peru, Mexico and Argentina, said the combined company would produce about 450,000 gold-equivalent ounces a year a...Read More
Drilling at Amex Exploration's (TSXV: AMX) Perron gold project, 110 km north of Rouyn-Noranda in Quebec, continues to deliver both high-grade gold and longer sections of broad, near surface gold as the junior works toward an initial resource for the project.The latest results released are from the High Grade and Denize zones, both part of the project's Eastern zone. Highlights from the High Grade...Read More
A step-out drill hole at Callinex Mines' (TSXV: CNX; US-OTC: CLLXF) Rainbow deposit in Manitoba returned 7.55 metres grading 4.13% copper, 0.64 gram gold per tonne, 11.08 grams silver per tonne and 0.90% zinc (5.01% copper-equivalent) at a depth of 405 metres below surface.The drill hole (PBM-121) was a 257-metre vertical step-out above the company's most recent high-grade intersection in drill ho...Read More
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover and miners ramp up operations.To see which mining operations were the biggest contributors to the world's gold output, MINING.com and sister company MiningIntelligence collaborated to provide a rank...Read More
When Gatling Exploration (TSXV: GTR) recently revealed that drilling in Zone 2 at the Fernland deposit at its flagship Larder asset in Ontario intersected 200.7 metres of 1.5 grams gold per tonne, it marked the highest metal factor recorded to date and confirmed growing gold zones at Larder. The Larder property comprises three deposits: Cheminis, Bear and Fernland. All are on the Cadillac-Larder...Read More
To build and run a successful mining operation has never been more complicated - sustainability, workforce management, supply chain constraints, and community engagement are constant challenges. Those needs come on top of the standard finance, procurement, inventory and maintenance needs shared by all operators. And the future looks even more challenging.Fortunately, Illumiti enables better busine...Read More