For a fourth trading day in a row, copper's three-month price on the London metal Exchange rose to a new year-to-date high on Tuesday February 23, while the rest of the base metals traded slightly lower than where they were on Monday, when they all reached fresh 2021 highs. The red metal's high of $9,305 per tonne this morning is the most since early August 2011, nevertheless copper retreated to $...Read More

Total primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama fell by 9.7% year on year at the end of January, data from Japanese trading house Marubeni on Monday February 22 shows.Aluminium stocks at the three ports totaled 275,500 tonnes as of January 31, down by 29,700 tonnes from 305,200 tonnes a year earlier, according to the data.The year-on-year decline...Read More

Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliArgentina Argentina looks a strong candidate to be the big winner from this developing copper cycle.Read More

Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliAuteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationSpeaking on a webinar last week, S&P commodities analyst Jason Sapp...Read More

The European Commission (EC) has decided not to impose preliminary anti-subsidy duties on hot-rolled coil originating from Turkey.The investigation, however, will continue, the EC said on February 18.The investigation was started in June 2020, following a complaint lodged by the European steel association Eurofer.Provisional measures in the anti-subsidy case were scheduled to be set by March 12, 2...Read More

The domestic hot-rolled coil price in Northern Europe remained fairly stable on Tuesday February 23 on support from good demand and short supply, sources said.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?726 ($881.07) per tonne on Tuesday February 23, up by ?,?1 per tonne from ?,?725 per tonne on February 22. The index was down by ?,?1.50 p...Read More

Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliGiven the LME copper price rallied to an almost 10-year high on Tuesday, it is no surprise Jefferies continues to push the red metal as its "preferred" commodity.Read More

Flat steel import prices were mostly unchanged, with hot-rolled coil (HRC) bookings made from India to the United Arab Emirates and Saudi Arabia during the week, sources told Fastmarkets on Tuesday February 23.Despite prices remaining mostly stable, market participants expect price increases because of the recent rises in global markets.Fastmarkets' weekly price assessment for steel HRC, export, f...Read More

Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliAuteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationThe holes returned long intervals of high-grade mineralisation from sur...Read More

The steel billet and rebar markets in the United Arab Emirates remained quiet in the week to Tuesday, February 23, with buyers expecting prices to increase, sources told Fastmarkets."If the prices will increase is not the question," a trader said, "[but rather] by how much will prices increase?" Rebar producers in the UAE are expected to announce new prices soon and buyers have been in wait-a...Read More

Export prices for steel billet from the Commonwealth of Independent States surged on Tuesday February 23, with several cargoes sold at higher prices to Turkey.Turkish customers accepted price increases for billet because of the continuing uptrend in the sector, based on import scrap and local billet prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turk...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed, although copper prices on both exchanges remain strong this morning, Tuesday February 23, while tightness on the LME dominates.There are cross currents flowing through the market; sentiment is strong while people look forward to a super-charged economic recovery once vaccines allow a return to a more normal w...Read More

Charter Communications (CHTR), a NASDAQ 100 stock moved below $593.09 extending an intermediate downtrend.Intuitive Surgical (ISRG), a NASDAQ 100 stock moved below $735.64 completing a double top pattern.Advanced Micro Devices (AMD), a NASDAQ 100 stock moved below $84.61 extending an intermediate downtrend.MercadoLibre (MELI), a NASDAQ 100 stock moved below $1,700.00 completing a double top patter...Read More

Turkish deep-sea scrap import prices have continued to strengthen in line with increased demand and rising freight costs, market sources said on Tuesday February 23.The most recent transaction was on February 20, when a steel producer in northern Turkey booked a US cargo at prices of $440 per tonne for shredded and $445 per tonne cfr for bonus.The transaction raised the daily scrap indices by more...Read More

A summary of production figures and financial results from Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) for the fourth quarter and full-year 2020, as stated in its earnings report published on Monday February 22.In brief Power shortages and the stoppage of the No2 blast furnace at the Presidente Vargas mill (UPV) until mid-November drove slab output down during the fourth quarter. Sl...Read More

A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on Tuesday February 23.Brent crude oil prices have risen by 74.5% since late October 2020 and even surpassed $65 per barrel on February 22, making the fueling of a vessel an increasingly expensive task.Waning bulk vessel availability is exacerbating the...Read More

Iron ore prices went into reverse on Tuesday February 23 amid a correction after the surge on Monday, sources told Fastmarkets, but robust demand means prices should not fall much further.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.05 per tonne, down $2.91 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.52 per tonne, down $2.46 per tonne58% Fe fines high-grade premium, cfr Qi...Read More

Seaborne premium hard coking coal prices in both the fob and cfr markets fluctuated on Tuesday February 23, while most market participants, uncertain where prices will go, adopted a wait-and-see attitude, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $138.78 per tonne, up $1.73 per tonnePremium hard coking coal, cfr Jingtang: $220.28 per tonne, down $3.11 per tonne Hard cokin...Read More

Major steel producer and importer China is more interested in importing steel billet compared with ferrous scrap this week, market sources told Fastmarkets on February 23."Many Chinese buyers are in the market bidding for steel billet rather than ferrous scrap, especially with lingering concerns over whether the next few cargoes scheduled to discharge in Chinese ports can clear customs checks," a...Read More

- Company expands its outreach in Cheyenne, Wyoming for the CK Gold Project- Opens a new office in Cheyenne in effort to start a long-term engagement aimed at economic and employment benefits for the communityCHEYENNE, Wyo., Feb. 23, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce the opening of its office in...Read More