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

Lithium-focused Wealth Minerals has signed letters of intent to acquire stakes in two Chilean copper projects, which will be held by newly formed subsidiary Wealth Copper.Canada-registered Wealth intends to spin-out Wealth Copper to shareholders of Wealth, with the intention of listing the new unit on the TSX Venture Exchange in Toronto. Wealth itself will continue to focus on its Chilean lithium...Read More

TSX-V-listed Diamcor sold 2 979 ct of rough diamonds for $653 652 in its November tender.That equates to an average price of $218/ct.AdvertisementThe diamonds were recovered from resumed processing exercises at the company’s Krone-Endora at Venetia project, in South Africa’s Limpopo province.Most of the material processed comprised smaller size fractions, in addition to a low percentag...Read More

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineSpeaking at its investor day on Monday, CEO Ivan Glasenberg said inventories for a lot of metals were at or near reco...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

Fastmarkets MB proposes to discontinue four weekly tin spot premium assessments in Rotterdam, Shanghai and Singapore due to a lack of spot liquidity.The four prices are the 99.85% tin ingot premiums in-warehouse Rotterdam and cif Shanghai and the 99.9% tin ingot premiums for standard and low-lead purities in-warehouse Singapore. Fastmarkets MB will continue to publish weekly premiums for 99.9...Read More

The hot-rolled coil price in the United States was largely steady on Tuesday December 4, moving only 0.2% higher with little market activity reported.Fastmarkets AMM's daily US Midwest HRC index inched up to $37.85 per hundredweight ($757 per short ton) on Tuesday, up slightly from $37.77 per cwt the previous day.Lead times stand at around three to four weeks, market participants said.Qu...Read More

Brazil's outgoing President Michel Temer launched Wednesday a new regulatory agency for the mining sector, linked to the Ministry of Mines and Energy, aimed at making the country's industry more competitive and sustainable.The National Mining Agency (ANM), which replaces the previous National Department of Mineral Production (DNPM), has been tasked with "promoting the management of the mineral res...Read More

New entity Wealth Copper would up the stakes for shareholders on "the global energy consumption paradigm shift" to capitalise on a forecast positive global copper market outlook, CEO Henk Van Al...Read More

CIS export billet prices continued fall this week, reflecting a lack of supportive factors in the market.Fastmarkets MB's daily CIS export steel billet index was $432 per tonne fob Black Sea on Wednesday December 5, a drop of $3 per tonne from yesterday.The increase in Chinese domestic long steel and billet prices early this week has not provided the expected support to prices in Asia - offers of...Read More

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromine"While we remain modestly positive on commodities, differentiation is essential, and three macro downside risks stand...Read More

According to a statement by Vancouver-based Mason on Tuesday, both proxy advisory firms cited the strong strategic rationale for the arrangement, the significant premium, certainty of value from the cash consideration, and favourable market reaction as factors supporting their positive recommendations.Mason (TSX:MNR) shareholders will vote on the deal during a special meeting scheduled for De...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

Yellowhead owns the Harper Creek copper-gold-silver project in British Columbia, where the company already operates the Gibraltar mine.CEO Russell Hallbauer said Yellowhead was being acquired at a cost of "half a penny per pound of copper" in the reserve base. The project holds proven and probable reserves of 3.6 billion pounds of recoverable copper, accompanied by 370,000 ounces gold and 15.6Moz...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

European prices for mesh-quality wire rod stayed flat across the Northern and Southern parts of the continent on Wednesday December 5, with the EC's import quota's fulfillment passing the 90% mark.Fastmarkets MB's weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe stayed at ?,?540-560 ($614-637) per tonne delivered on Wednesday.The market has been quie...Read More

Domestic prices for steel beams in Europe were unchanged this week but mills continue to push for increases, sources told Fastmarkets MB on Wednesday December 5.Fastmarkets MB's weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?620-645 ($705-733) per tonne on December 5, unchanged week on week. "Producers are announcing a considerable increase...Read More

Turkey's flat steel export volumes rose by 77.08% year-on-year in October 2018, according to data newly published by the Turkish Statistical Institute (TUIK).The reason for the increase in export volumes was strong demand, especially in Europe, as well as weak domestic demand within Turkey, according to market participants.Fastmarkets' average price for Turkish domestic hot-rolled coil (HRC) was $...Read More

Key data from the Wednesday December 5 pricing session in Europe. Key drivers European suppliers booked a number of sales at lower prices in the past week amid relatively quiet consumer demand. Heavy industry typically uses the run-up to year-end holidays to clear order books, book profits and square financial accounts. Consequently, holders of feedstock try and shift their stock levels and are u...Read More

The following Fastmarkets noble alloys and ores prices changed on Wednesday December 5:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.30-12.40 per lb from $12.10-12.30Ferro-molybdenum basis 65% min, in-warehouse Rotterdam,...Read More

The following Fastmarkets minor metals prices changed on Wednesday December 5:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,850-8,050 per tonne from $7,900-8,100Cobalt MB free market low grade, $/lb: $31.80-32.60 per lb from $32.00-32.60Cobalt MB China domestic, yuan/tonne: 365,000-395,000 yuan per tonne from 370,000-400,000...Read More