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
Vancouver, BC- Summa Silver Corp ("Summa" or the "Company") (TSXV:SSVR, OTCQB: SSVRF, Frankfurt: 48X)is pleased to announce that it has engaged National Drilling EWP of Elko, NV to carry out drilling at the Company's high-grade silver-gold Hughes Property near Tonopah, Nevada in 2021.Drilling is expected to start in early to mid-April. The focus of the drilling will be to expand on previously r...Read More
Fastmarkets has renamed its China alumina assessment as ex-works (exw) China, from delivered duty paid (ddp) China, effective Wednesday March 17.This corrects a labeling error that had been in place since the launch of the alumina metallurgical grade assessment in September 2006. Current and historical data reflects alumina metallurgical...Read More
The market for ferro-chrome in Europe continued to strengthen during the week to Tuesday March 16, with some producers successfully raising their offer prices and other participants reporting the market to be unmoved.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe widened upward by $0.03 per lb Cr, or 1.2%, to $1.15-1.40 per lb...Read More
Bearish sentiment and lower bids for chrome ore in China have followed a period of restocking in southern China, while demand in Inner Mongolia remains muted, according to market participants.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China fell by $8 (4.4%) to $172 per tonne on Tuesday March 16, from $180 per tonne a week earlier.Portside UG2 chrome ore prices have...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Turkish deep-sea scrap import prices have been weakening recently because of strong supplies, with steelmakers also staying away from the market due to limited steel sales, sources said on Wednesday March 17.The most recent deep-sea bookings occurred at the end of the last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on HMS 1&2 (80:20) basis.Since then, steel mills in Turk...Read More
Japanese steel scrap exporters are facing acute problems in sourcing vessels in which to make shipments, leading to an oversupply of scrap at exporters' yards which in turn is driving down prices, market sources told Fastmarkets on Wednesday March 17.Rising freight rates have been inflating cfr-basis scrap and steel prices across Asia in recent weeks but the situation in Japan is now so severe tha...Read More
ArcelorMittal has launched three new initiatives that will help it meet its net zero commitment, including a $100 million per year investment fund to develop technology that will support and accelerate the transition to net zero carbon steelmaking, the company said on Wednesday March 17. Innovation fund The company aims to deliver on its net zero commitment by 2050 and the $100 million per year "X...Read More
Base metals prices on the London Metal Exchange were mainly firmer on Wednesday March 17, while on the Shanghai Futures Exchange they were weaker across the board. Broader markets were treading water ahead of this evening's US Federal Open Market Committee (FOMC) announcements and press conference. United States 10-year treasuries yields have firmed again to 1.63% EU passenger car registrations ar...Read More
China's nickel plate premiums fell amid a closed arbitrage window while market participants in Europe and the United States reported minimal buying interest in the week to Tuesday March 16.Poor arbitrage muted Chinese nickel plate market.European plate premiums reach balance with great demand for briquetteUS spot buying due to increase post-pandemicChina's nickel premium down; nickel sulfate upwar...Read More
Share this article TORONTO - Tinka Resources Ltd. [TK-TSXV; TKRFF-OTC; TLD-FSE] shares rallied in heavy trading volume Wednesday, March 17 after the company released new drilling results from the company's Ayawilca Project in Peru.The latest results include assays from six diamond drill holes from a 2020-2021 resource expansion and infill drill program.Four holes were located in the Camp area, an...Read More
"You have to check out Ben Franklin... How does Wall Street NOT see it coming?"When my colleague Alex Koyfman floated this odd question my way in the predawn hours this morning, I'll admit I was a bit confused at first.But if there's one thing I've learned over the past decade, it's to pay close attention to Alex whenever his excitement reaches a pitch like this. When Alex gets this excited, peop...Read More
GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) is a Canadian-based silver and gold producer, focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The Company operates the Parral Tailings mine, in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects, in the state of Jalisco. We learned from Bradley Langille, President, CEO...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More
Domestic prices for steel hot-dipped galvanized coil in Europe moved up again over the week to Wednesday March 17, due to a material shortage combined with strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe, was ?,?900-930 ($1,073-1,108) per tonne on March 17, up by ?,?10-30 per tonne week on week from ?,...Read More
Italian re-rollers have achieved a price rise in the domestic market for their heavy steel plate, due to the higher cost of steel slab feedstock, sources told Fastmarkets on Wednesday March 17.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?665-680 ($793-810) per tonne on March 17, up by ?,?10-15 per tonne from ?,?650-670 per tonne a week earlier....Read More
Prices for steel hollow sections in Europe were unchanged week-on-week on Wednesday March 17 despite mills taking on higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged at ?,?860-890 ($1,025-1,061) per tonne on Wednesday.The corresponding assessment for steel sections (medium), domestic, deli...Read More
Steel wire rod prices in Northern Europe have remained stable at high levels, with sentiment for April being upbeat on persistent shortages, good demand and limited imports, market sources told Fastmarkets on Wednesday March 17.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?660-690 ($787-822) per tonne on Wednesday, stable for th...Read More
Egypt consumed 471,000 tonnes of reinforcing bar (rebar) in February, down by 30.84% from 681,000 tonnes in the same month last year, according to Ramy Saleh, chief business development officer at Egyptian long steel producer El Marakby Steel.But Egypt's rebar consumption increased by 52.92% month on month, from 308,000 tonnes in January.Egypt's rebar consumption has been...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More