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

Fastmarkets MB proposes to launch two new manganese ore China port indices on a free-on-truck (fot) basis.The two new indices will be based on ores with manganese ore content of 37% and of 44%. China is the world's biggest consumer of manganese ores, accounting for 60-70% of all seaborne trades. Demand for manganese ores has been steadily growing over recent years due to anticipated new projects i...Read More

(Updates with closing prices)By Eric OnstadLONDON, Dec 5 (Reuters) - Copper fell to its lowest level ina week on Wednesday after comments by U.S. President DonaldTrump stoked more worries about trade tensions with top metalsconsumer China.Most other industrial metals were in the red due to concernabout growth in China and after the country's currency slipped.Markets were unconvinced when China exp...Read More

An uptick in the usage of tellurium in key downstream industry, such as thin-film solar photovoltaic and infrared detection, will continue to lend support to the international and domestic Chinese tellurium markets, speakers told delegates at the 2018 Chinese Minor Metals Forum in Kunming.Global production of solar photovoltaics is estimated at 98 gigawatts in 2017, of which 2.3 gigawatts came fro...Read More

Turkish steel producers resumed their deep-sea scrap bookings as soon as they received lower prices from a European supplier, sources said on Wednesday December 5.Mills in Turkey were looking for prices at around $300-305 per tonne cfr for HMS 1&2 (80:20) while the offers for the material were firm at $310-320 per tonne cfr from suppliers in the United States and the Baltic Sea.But a steel mill in...Read More

European government bond yields fell to multi-month lows Wednesday, following yesterday's moves in U.S. Treasuries that have ignited concerns over the prospect of recession in the world's largest economy, as investors continue to pull away from risk markets and test the Federal Reserve's resolve on future interest rate hikes. Benchmark 10-year German bund yields, a proxy for risk-free borrowing...Read More

A sample of lithium-bearing pegmatite from Redzone's Fortner Boyd claims (also known as the Lucky Mica claim group. Source: Redzone Resources Ltd.Redzone Resources Ltd. [REZ-TSXV; REZZF-OTC; REZ-FSE] said Wednesday December 5 that it has agreed to acquire the Wells vanadium project in British Columbia.Redzone is an exploration company with a focus on metals that make up and support the rapid evolu...Read More

: Exploring the Lac Gueret Project in northern Quebec. Source: Mason Graphite Inc.Mason Graphite Inc. [LLG-TSXV; MGPHF-OTCQX] shares were active Wednesday December 5 after the company released an updated feasibility study and economic results for its Lac Gueret Project in northern Quebec, where pre-construction work is underway.The initial capital expenditure for the project is now forecast at $25...Read More

Comex copper prices staged a modest recovery during morning trading on Wednesday morning in the US amid calmer market conditions after yesterday's major equity sell-off. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 0.30 cents to $2.7620 per lb. Despite optimism from the recent Group of Nations (G20) meeting in Argentina over the weeken...Read More

Three-month base metals prices on the London Metal Exchange were mixed in the morning of Wednesday December 5, with zinc and copper up by 0.4% and 0.3% respectively, while the rest of the complex was little changed or weaker. This follows a volatile day in markets on Tuesday, when the base metals were mixed, but when US equity markets were hit hard by nervousness over the flattening of the yield c...Read More

Brazilian miner Vale will be investing an additional $500 million in VNC, its nickel operations in the South Pacific country of New Caledonia on expectations of increased demand from rising electric vehicle (EV) output, chief executive officer Fabio Schvartsman said on Tuesday December 4. The executive also announced during the annual investor presentation in the New York Stock Exchange an ag...Read More

By the time of his death in 1937, John D. Rockefeller had amassed a wealth of roughly $340 billion in today's dollars.That's four times what Bill Gates had last year.And just to put a little bit more perspective on this astronomical figure, consider that when Rockefeller was laid to rest, his oil fortune was equal to 1.5% of America's total economic output.Sit back and think about that for a seco...Read More

Image Resources NL (ASX: IMA) is Australia's newest Mineral Sands producer, following the recent development of its high-grade, zircon-rich Boonanarring Project in the North Perth Basin in Western Australia. We learned from Patrick Mutz, Managing Director of Image Resources, that they have been in the process of constructing a mine and a processing facility, since the first of April 2018, and, in...Read More

 The Wednesday Market Minute Global stocks slide following last night's sharp selloff on Wall Street amid increasing question over the fate of U.S. China trade talks.Bond markets steady after flashing recession signals Tuesday, with the spread between 2-year and 10-year yields rising to 10.5 basis points.Global oil prices drift lower after a stronger-than-expected buildup in U.S. crude supp...Read More

Trading activity in China's domestic hot-rolled coil market picked up on Wednesday December 5 on concerns among buyers that prices would increase further in the days to come, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,730-3,770 yuan ($545-551) per tonne, up 40-70 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, up 50 yuan per tonneWhile prices in Shanghai we...Read More

China's ferrous futures moved up during morning trading on Wednesday December 5, with the hot-rolled coil contract taking the lead in the uptrend.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($498) per tonne, up 27 yuan per tonneMay hot-rolled coil: 3,329 yuan per tonne, up 32 yuan per tonneDalian Commodity Exchange May iron ore: 472.50 yuan per tonne, u...Read More

The price for rebar produced and delivered in Northern Europe stayed flat week on week on Wednesday December 5, with consumers unlikely to make further purchases before the new year.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe remained at $540-560 ($614-637) per tonne delivered on Wednesday. Offers were expected to remain above the range for the rest of December and i...Read More

Hollow steel sections prices in Europe were stable this week but lower feedstock costs and a reduced import quota limit could bring about a significant change, market participants said.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was an unchanged ?,?635-650 ($722-739) per tonne delivered on Wednesday December 5.The hollow...Read More

The price for rebar produced and delivered in Southern Europe was flat on Wednesday December 5, with market participants pulling back in anticipation of the year-end holidays.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?530-540 ($603-614) per tonne delivered for the third consecutive week on Wednesday, with no new business expected before the new...Read More

Turkish steel producers resumed their deep-sea scrap bookings as soon as they received lower prices from a European supplier, sources said on Wednesday December 5.Mills in Turkey were looking for prices at around $300-305 per tonne cfr for HMS 1&2 (80:20) while the offers for the material were firm at $310-320 per tonne cfr from suppliers in the United States and the Baltic Sea.But a steel mill in...Read More

Seaborne iron ore prices rose on Wednesday December 5 on an uptick in the iron ore futures contract.MB 62% Fe Iron Ore Index: $67.38 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $66.65 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $71.21 per tonne cfr Qingdao, down by $0.19 per tonne.MB 58% Fe Premium Index: $61.85 per tonne...Read More