As long as the bulls can hold the $21.80 level on a monthly close, I see Continue...Read More
When this gold bull charges, it will reach a fever pitch where rational thinking leaves the Continue...Read More
Generation Mining notes that the new results add exploration upside to its existing resources at the Marathon Palladium Deposit. Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE) announced in a news release that drilling at its Marathon project in Ontario, Canada, encountered high-grade palladium equivalent mineralization. "Noting that the 2020 exploration drill program results will not be...Read More
Sales of passenger cars in the EU dropped by 11.99% year on year in November 2020, due to a second wave Covid-19 lockdown measures being introduced in several member states.New car sales in the European Union totalled 897,692 vehicles in November 2020, down from 1.02 million units sold in the corresponding month of 2019, the European Automotive Manufacturers Association (ACEA) said on Thursday Dec...Read More
OnTuesday, Nov. 24 copper prices hit a fresh 2020 pinnacle of $3.52 per pound onthe Comex in New York. The red metal’s best performance in seven years was onthe strength of Chinese manufacturing and construction expanding at its fastestin a decade. The country’s manufacturing PMI for November, seen as a leadingindicator of copper usage, rose to 52.1 while the Caixin manufacturing PMI,w...Read More
Thereare many number of platforms on online where you can invest more than justcurrencies and stocks, where the best and great option to invest your valuablemoney is commodities. Investing in online commodities is an option and you can gethelp from experts to do better trading. In fact, you can make use of differentonline trading website for making you invest commodities.Generally, online investme...Read More
If youare a newbie to trade commodities, especially in the virtual market then it isvery essential thing to understand the basics about the particular industry inwhich you are going to start trading. There are number of approaches to takewhere each of the stage has different commercial things which you need toconsider, these includes choice of the product to deal in the trade, techniquesto be adap...Read More
Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.It produced 533,000 tonnes of rolled steel between November 1 and December 15, or around 11,800 tonnes per day, up by 0.2% from the daily average in January-March this year and b...Read More
The European Commission has calculated preliminary anti-dumping duties for Turkish hot-rolled coil at 4.80-7.60%, it said in a letter sent to interested parties, market sources told Fastmarkets on Thursday December 17. Provisional measures in the case, if any, will be imposed by January 14 next year, and the calculated duties can be changed at any time up to this deadline. Definitive duties are sc...Read More
The year 2020 showed how resilient steel mills are and how important it is to diversify products, the chief executive officers of three major steel producers in the Gulf Co-operation Council (GCC) countries said during the keynote CEO panel of Fastmarkets' Middle East Iron & Steel virtual conference on Tuesday December 15. CEOs on the panel Ravi Singh of Bahrain's structural steel producer Su...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 17 that are worth another look.Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.The Shanghai...Read More
The global direct-reduced (DR) iron-ore pellet market - which has traditionally faced shortages - may face a material oversupply by 2025, Chris Barrington, chief advisor of the International Iron Metallics Association (IIMA), said during Fastmarkets' Middle East Iron and Steel virtual conference on Wednesday December 16. "There will be significantly more than enough potential supply to meet demand...Read More
Alcoa is halting plans to curtail its San Cipri??n aluminium smelter in Spain after a Spanish court ruled in favor of the workers on Thursday December 17."The workers' representatives filed a lawsuit with the High Court of Justice of Galicia... In the court's ruling, it declared the collective dismissal process 'null...Read More
Hot-rolled coil prices in the United States continued to climb toward $50 per hundredweight ($1,000 per short ton), with little spot availability and relatively long lead times maintaining record-high prices, according to market participants. Fastmarkets' daily steel hot-rolled coil price, fob mill US was calculated at $49.22 per cwt ($984.40 per ton) on Thursday December 17, up by 0.68% from $48....Read More
Here are five Fastmarkets stories you might have missed on Thursday December 17 that are worth another look.Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.The Shanghai...Read More
Jakob Stausholm will become the new chief executive officer of mining major Rio Tinto at the start of next year, the company announced on Thursday December 17.Currently chief financial officer, Stausholm joined Rio Tinto in 2018, having previously held senior positions at shipping company AP Moeller-Maersk and at oil producer Shell. The appointment comes as Rio Tinto faces a series of corpora...Read More
The Shanghai Futures Exchange aluminium price will maintain its upward momentum in the first half of 2021 due to strong demand before trending gradually lower in the second half of the year on increased supply, market participants and analysts told Fastmarkets.The aluminium front month contract demonstrated great resilience in 2020 by recovering quickly from the impact of Covid-19 on consumption t...Read More
China's raw materials policies - including the ban of coking coal imports from Australia and the new recycled raw materials classification - will likely be among the key drivers of the global ferrous markets in 2021, market sources told Fastmarkets. Uncertainty over import policies caused by geopolitical tensions and supply have resulted in shifts in the consumption patterns of steelmaking raw mat...Read More
The London Metal Exchange three-month aluminium and tin prices set new year-to-date highs during trading on Thursday December 17, while the whole complex is continuing to hold high prices on hopes of a positive outcome in negotiations for a United States economic stimulus package to deal with the Covid-19 pandemic. The aluminium price hit a new 2020 high of $2,096 per tonne at around 2pm on Thursd...Read More
Seaborne iron ore prices increased on Thursday December 17, amid rising concerns over limited supplies and low steel inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.49 per tonne, up $2.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $158.89 per tonne, up $2.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $147.10 per tonne, u...Read More