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 three-month copper price on the London Metal Exchange was higher across morning trading on Friday November 22, with price action bolstered by a fresh cancelation of 28,725 tonnes, while positive forward spreads further supported buying activity.Copper's outright price on the LME was recently seen at $5,854 per tonne, up by around 0.5% from Thursday's closing price of $5,829 per tonne, while tu...Read More

With confusing news over United States-China trade talks, the markets are unsettled this morning, Friday November 22; the path of least resistance for the metals is to the downside, but with prices already weak, support is being encountered.The release of flash purchasing managers' index (PMI) data on Friday will provide further insight into the state of global manufacturing.With gold prices weake...Read More

A policy under which certain copper scrap products will be officially renamed "recyclable copper raw materials" will be the most-watched event in China's copper market next year, delegates attending Fastmarkets' Asia Copper Conference in Shanghai heard on Wednesday November 20."Going forward, attention in the copper scrap market should be paid to timeline for the reclassification, and what that wi...Read More

Base metals prices on the Shanghai Futures Exchange were mostly up during the morning trading session on Friday November 22 after a sense of optimism returned to the market following reports that China's top negotiator had invited United States delegates to Beijing for face-to-face talks."Trade negotiations continue to dominate sentiment; however the risk seems to be in a much better place this mo...Read More

Cold-rolled coil and galvanized steel prices in the United States increased slightly on Thursday November 21, supported by better demand conditions than hot-rolled coil despite a lack of clarity in the market for the remainder of the year, according to sources.Fastmarkets' weekly price assessments for steel cold-rolled coil, fob mill US and for hot-dipped galvanized (base) steel coil, fo...Read More

Hot-rolled coil prices in the United States have continued to climb, with most domestic mills quoting at higher prices and rejecting any proposed discounts from buyers, sources said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.29 per hundredweight ($545.80 per short ton) on Friday November 22, up by 0.9% from $27.04 per cwt on November 21.Most prices...Read More

Turkish flat steel producers increased their prices again during the week ended Friday November 22 on increasing raw material costs, with demand strong because of low stock levels and the expectation that prices will increase more.Raw material prices, especially those for scrap, have increased recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $264.2...Read More

Brazilian slab export prices have recovered in the past week, following the upward trend in the scrap and coil global markets, while mills focus on negotiations with North American customers for first- and second-quarter deliveries.Fastmarkets' assessment of steel slab export, fob main port Brazil, rose to $355-380 per tonne on Friday November 22, from $345-355 per tonne a week earlier.The latest...Read More

Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), increased in the week to Friday November 22, with demand improving because of low stocks and the expectation that prices will rise further, sources told Fastmarkets.A rise in raw materials prices was the reason for the higher steel prices, they added.Fastmarkets' daily index for steel...Read More

Domestic rebar prices in Poland have risen over the past week, following an increase in domestic scrap prices in Europe, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 2,000-2,050 zloty ($515-528) per tonne on November 22 compared...Read More

Prices in Southeast Asia's steel billet market rose in the week to Friday November 22 as Chinese buyers continued to snap up material in the spot market, sources told Fastmarkets.Over the past week, a Chinese trader reportedly booked 50,000 tonnes of Qatari billet at $418-425 per tonne cfr China, while Iranian billet was offered at $405-410 per tonne cfr China. Billet prices in Jiangsu province, a...Read More

PERTH (miningweekly.com) – Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia.The 2019 collection, the thirty-fifth tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries, the miner said.Advertisement“The 2019 Argyle p...Read More

The unusual "diamond in a diamond" that Russian miner Alrosa mined earlier this year, will not be put up for sale and will remain in the company's collection of rare finds.The collection already includes a skull-shaped rough diamond and a football-shaped rough diamond that were mined in recent years.AdvertisementThe latest addition to the rare-find collection resembles a traditional Russian Matryo...Read More

Pig iron export prices from Brazil have moved higher during the week ended Friday November 22, on resumed sales to China at higher prices.Fastmarkets' weekly price assessment for pig iron export, fob port of Vitoria/Rio, Brazil stood at $295-300 per tonne on November 22, up from $292-295 per tonne a week earlier.Two sales were heard to China, with a combined volume...Read More

The inter-merchant spot price for light iron scrap in the UK was stable in the week ended Friday November 22, with steady demand into domestic major shredders and solid business levels into Turkey from Europe cementing British prices, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?7...Read More

The price of ferrous scrap imported into India moved down this week after sentiment turned negative and market participants stepped back from trading, sources told Fastmarkets on Friday November 22.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $281.98 per tonne on Friday, down from $289.63 per tonne a week earlier, bringing a consecutive six-week upward streak to a...Read More

No new deals were reported in the US pig iron market during the week ended Friday November 22 because buyers and suppliers failed to agree deal prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $325-327 per tonne on Friday, narrowing upward from $323-327 per tonne a week before."There is...Read More

Turkish steel producers continued to book deep-sea scrap for December deliveries at a slow pace and steady prices, sources said on Friday November 22.A steel mill in the Marmara region booked a Baltic Sea cargo at $261 per tonne cfr for HMS 1&2 (80:20). The cargo composition was not clear at the time of publication.As a result of this trade, the daily scrap indices remained almost flat on November...Read More

The Fastmarkets index for iron ore 65% Fe Brazil-origin, cfr Qingdao, rose on Friday November 22, breaching the $100-per-tonne mark for the first time since October 8.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.08 per tonne, up $1.41 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $88.11 per tonne, up $1.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $87.47 per tonne, up $1....Read More

With confusing news over United States-China trade talks, the markets are unsettled this morning, Friday November 22; the path of least resistance for the metals is to the downside, but with prices already weak, support is being encountered.With gold prices weaker and US 10-year treasury yields firmer, havens are in less demand. The release of flash purchasing managers’ index (PMI) data...Read More