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
Prices for seaborne iron ore concentrate and pellets rose in the week ended Friday February 26 amid strong demand for steel products in China and stricter measures to cut emissions ahead of the annual meetings of policymakers in Beijing this week.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $198.94 per tonne, up $6.33 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $222.08 per...Read More
Plans to raise export offers for Chinese hot-rolled coil this week have emerged despite a weakening of domestic prices for the flat steel product in China on Monday March 1.DomesticEastern China (Shanghai): 4,820-4,840 yuan ($744-747) per tonne, down 60 yuan per tonneSeveral Shanghai-based traders said sellers in the city's spot market made price cuts on seeing the futures market weaken.The move e...Read More
China's domestic rebar prices softened on Monday March 1, though market participants expect end-user demand to pick up on positive data from the country's construction sector.DomesticEastern China (Shanghai): 4,610-4,650 yuan ($712-718) per tonne, widened downward by 10 yuan per tonneThe sub-index for new orders in the construction industry, which feeds into China's construction purchasing manager...Read More
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The London Metal Exchange lead price was up 1.5% and most other base metals prices were in positive territory following month-end profit-taking on Friday, while tin's price tumbled by 5% on the morning of Monday March 1. Lead's three-month price was up at $2,083.50 per tonne on Monday at 9am, following a 4.9% slump on Friday at 5pm to $2,052.50 per tonne. The price had reached $2,185 per tonne on...Read More
Recent sharp gains in the London Metal Exchange copper price has substantially raised import costs for Chinese participants, highlighting the country's lack of pricing power, an industry body warned.China's position as the world's top copper importer has left it vulnerable to rising procurement costs amid the metal's recent price rally, an official at the China Nonferrous Metals Industry Associati...Read More
The more it drills the Windfall gold project in the Abitibi Greenstone Belt of Quebec, the more high grade results Osisko Mining (TSC:OSK) reports from the work. The latest uncut high grade was 342 grams gold per tonne over 2.5 metres, including 596 grams over 0.8 metre, from hole OSK-W-1432-W2. Even after being cut to 100 grams, the grade was 71.1 grams gold.Current infill drilling is focused on...Read More
Ivanhoe Mines (TSX: IVN); OTCQX: IVPAF) put a record 338,000 tonnes of ore grading 5.5% copper on the pre-production stockpile at its Kamoa-Kakula copper project in Democratic Republic of the Congo. The tonnage was 13% more ore than was mined in January.The total tonnage milestone was reached despite the scheduled conveyor belt changeover to the permanent configuration at Kakula.In February the co...Read More
Growing gold miner Equinox Gold (TSX: EQX; NYSE: EQX) has upped its stake in the Hardrock gold project in Ontario by 10%, for a total ownership of 60%. The company has entered into an agreement with Orion Mine Finance to add 10% from Orion's 50% share of the project for consideration of US$51 million as well as contingent payment obligations.Equinox will own 50% of the permitted Hardrock project i...Read More
Several minor metals prices found substantial support in the week ended Friday February 26 from higher offers from China and limited stocks in Rotterdam. "Suppliers in China seem to be trying their luck at putting every price up," a European trader said. "There are not that many fundamental reasons for it, but I think they have taken note of general optimism in the commodity space and talks of a s...Read More
Standard Lithium (TSXV: SLL) has successfully completed the conversion of its Arkansas-produced lithium chloride into 99.985% pure lithium carbonate using OEM technology, the lithium development company announced Monday.The work was completed by Veolia Water Technologies at their facility in Plainfield, Illinois, and demonstrates that the lithium chloride intermediate product produced by Standard...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...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
Golden Star Resources (TSX:GSC; NYSE:GSS) filed a preliminary economic assessment for expansion of its underground Wassa gold mine in Ghana on March 1. By mining the Southern Extension zone, the company will be able to boost the mining rate and use the full throughput capacity of the mineral processing plant.The company anticipates the expansion would cost $47.7 million (all US dollars). Major pro...Read More
Key data from Fastmarkets' pricing session in London on Friday February 26. Key drivers: Falling supplies in China aggravated by a shortage of raw material have pushed antimony prices to their highest levels since 2013. Stocks in Rotterdam are at critical levels and consumers in need of material for prompt release have been forced to accept higher prices. ...Read More
Key data from Fastmarkets' pricing session in China on Friday February 26.Key drivers Higher offers from sellers who said they had limited spot material on hand, while buyers were actively making inquiries. Deals were concluded at both the low and high end of the assessed range, but some participants...Read More
Key data from Friday February 26 pricing session in Shanghai.Key drivers Pick-up in spot trading activity following the Lunar New Year holiday (February 11-17); large-volume deals were concluded at the high end of the assessed range, while some deals for smaller volumes of around...Read More
Key data from Fastmarkets' pricing session in China on Friday February 26.Key drivers China's silicon export price, underpinned by domestic market strength, rose last week with deals concluded within the new range. Offers above the assessed range continue to emerge in the market. Domestic prices for silicon grade...Read More
Mining and metals producer Assmang has ended its force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Monday March 1. Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production at the start of January. The company also produces high-carbon ferro-manganese, but producti...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More