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
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW), a leading global developer and provider of cellular communications solutions for enterprise customers, announces that V.P. of Corporate Development Daniel Kim will present at Maxim Group's Inaugural Emerging Growth Virtual Conference to be held March 17-18, 2021.Investors can view Mr. Kim's general corporate presentation once they registe...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) ("Venzee" or the "Company") an AI-driven platform used for distribution of consumer-facing product information to retailers, announces today additional block sales of its Mesh Connector?,,? product and additional channel requests from two well-recognized home furnishing manufacturers with extensive North American retail networks.Both clients b...Read More
The premium on alumina cargoes in Brazil compared to Australian units is at its highest in more than two years on Thursday March 11 due to continued lack of balance in supply between the Pacific and the Atlantic, sources said.Fastmarkets' alumina index adjustment to fob Australia index, Brazil was at a premium of $7.83 per tonne on Thursday, widening from $0.90 per tonne on February 23."It's no su...Read More
"Information gaps" caused by the shift to virtual events for major copper gatherings last year made annual negotiation of key copper contracts unprecedentedly challenging, industry executives said on a panel at Fastmarkets' Copper Seminar on Thursday March 11. Key events including LME Week 2020, Asia Copper Week and Cesco Santiago were all held virtually last year due to travel restrictions to pre...Read More
Stakeholders across the copper value chain need to collaborate to drive widespread adoption of responsible production and consumption, participants at a panel discussion said at the Fastmarkets Copper Seminar on Thursday March 11.Speakers at "The green transition: Responsible copper production" panel on Thursday highlighted the great strides made in consumer and investor interest in responsible pr...Read More
Key proposals in the London Metal Exchange's discussion paper will likely weaken the link between metals pricing and the physical market and lead to price distortions, the president of Hong Kong-based trader Global Metals Network Ltd said. These proposals include the permanent closure of the LME ring, the incentivization of electronic trading and a switch in margin methodology, Mark Sellier&n...Read More
Turkish steelmakers continued to stay back from the deep-sea scrap markets because of falling prices and increasing supply, market sources said on Thursday March 11.Two Turkish steelmakers booked US cargoes last Saturday and late on Monday at $453-456 per tonne cfr on an HMS 1&2 (80:20) basis, sending the daily scrap indices down by $5.79 per tonne on March 9.But booking activity did not continue,...Read More
Momentum has faded in the Japanese steel scrap export market following six straight weeks of increases, with buyers stepping away from closing sales, sources told Fastmarkets this week.Japan scrap export prices fell over the last week in the markets for H2 heavy scrap and Shindachi busheling, while tags for shredded and heavy scrap or plate and structural (P&S) material remained more stable.Fastma...Read More
Share this article OTTAWA - Global demand for critical minerals is increasing to support the transition to a low emissions global economy. Canada can leverage its mining and processing expertise and world leading environmental, social and governance credentials, and become the global supplier of choice for clean and advanced technologies.Canada's Minister of Natural Resources, Seamus O'Regan Jr.,...Read More
Share this article NexGen Energy Ltd. [NXE-TSX, NYSE American] closed its previously announced bought deal financing. Pursuant to the Offering, the company issued 33.4 million common shares of the company at a price of $4.50 per common share for gross proceeds of approximately $150-million. NexGen has granted the Underwriters a 30-day option to purchase up to an additional 5,010,000 common shares...Read More
Key data from the Wednesday March 10 pricing session in London and Shanghai.Key drivers Cobalt hydroxide payables edged slightly lower in the first half of this week with consumers either on the sidelines, wary of recent turns in the downstream...Read More
Oprah Winfrey interviewed the duke and duchess of Sussex.And people went nuts.Why?I'm not really sure.I don't really follow "royal family" news. Although, quite frankly, I'm surprised so many people in this country do.After all, historically speaking, we don't tend to be particularly bullish on monarchs. Even if they really don't have any bite to their bark, just the optics of this stuff don't rea...Read More
The whispering has begun, dear reader.Hushed murmurs that oil is once again making a run to $100 per barrel. I daresay it's been a while since those rumors have circulated around the campfire.Of course, things were much different when crude prices were last trading in triple-digit territory.The last time WTI prices were that high was in June 2014, and the veteran members of our investment communit...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Latin American apparent steel consumption rose 15.87% year on year during December, while full-year 2020 figures fell 9.57% from 2019, the region's steel association, Alacero, said on Thursday March 11.Rolled steel consumption reached 6.03 million tonnes in December, up from 5.2 million tonnes a year before, according to the data published by Alacero. During 2020 as a whole, consumption totaled 58...Read More
Domestic prices for hot-dipped galvanized coil in Europe increased again over the week to Wednesday March 10, due to a material shortage combined with good demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe was ?,?890-900 ($1,061-1,073) per tonne on March 10, compared with ?,?870-900 per tonne a week earlier.The...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry association Eurofer has said.On Wednesday March 10, the European Parliament voted on the CBAM resolution, prior to a legislative proposal expected to be published by the European Commission (EC) in...Read More
Demand for steel billet and rebar in Egypt has been very weak over the past seven days, with prices unchanged, and with market participants now asking for the country's construction ban to be removed, sources told Fastmarkets on Thursday March 11.Construction permits have been limited in Egypt since May 2020, with a small number of permits issued in September.But the current permits were not enoug...Read More
Small and medium-size recycling companies would lose their ability to hedge if the London Metal Exchange changes its margin methodology, an executive at metal recycling company European Metal Recycling (EMR) said. According to Murat Bayram, EMR managing director for non-ferrous Europe, the proposed change from a Discounted Contingent Variation Margin (DCVM), which realizes forward profits on the s...Read More