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
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday March 12. United States Short supply supported the price rally that has now entered its eighth week. Spot demand remains good despite a slowdown in automaking related to a shortage of computer...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Monday March 15, supported by the trend in international trading, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?360-370 ($430-442) per tonne on March 15, up by ?,?20-30 per tonne from ?,?330-350 per tonne in mid-F...Read More
In her early career, La Farga chief executive Inka Guix? had not considered working for the business founded by her father and grandfather, but in her late-20s she accepted an invitation to join the company and assist in its expansion. She recounts her route to the top of the business and discusses the outlook for copper with Andrea Hotter. If Inka Guix? had taken her teacher's advice not to go...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15. United States 10-year treasuries yields strong at 1.64%, showing risk-onChina's industrial production and retail sales climb more than expected......but unemployment also risesBase metals Three-month base metals prices on the London Metal Excha...Read More
German carmaker Volkswagen Group is working on the development of six battery-manufacturing sites in Europe to guarantee security of supply for its electric vehicle (EV) fleet, it said on Monday March 15.The group was presenting its new technology roadmap for the period to 2030 during its first Power Day event."E-mobility has become a core business for us. We are now systematically integrating add...Read More
Key data from Fastmarkets' pricing session in China on Friday March 12.Key drivers Cobalt metal price in China falls amid weak market sentiment following a slump in local futures prices, while spot trading was thin due to buyers' reluctance to accept higher prices.Chinese cobalt tetroxide market was...Read More
Here are five Fastmarkets stories you might have missed on Monday March 15 that are worth another look.Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8.The Aluminium Stewardship...Read More
"An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd."- Benjamin GrahamGold looks set to post one of its worst-performing quarters in years.The yellow metal started the year off strong, trading for over $1,900 an ounce. But rising U.S. Treasury yields and a stronger dollar served to depress gold prices over the past several week...Read More
S2 Resources (ASX: S2R) is a greenfields explorer, targeting "company making" precious and base metal discoveries, in mining friendly jurisdictions of Australia and Finland. The Company is building a pipeline of new belt-scale projects and drill-ready prospects, in highly endowed, but under-explored and/or emerging districts. We learned from Matthew Keane, CEO of S2 Resources that in 2020 they exp...Read More
Mark Jarvis, CEO and Director of Giga Metals Corporation (TSX.V: GIGA, FSE: BRR2) aims to be a premier supplier of the key battery metals for electric vehicles: Nickel and Cobalt. They recently released an updated preliminary economic assessment (PEA). The Company's Turnagain Project, located in north central British Columbia, is among the largest undeveloped nickel-cobalt sulfide deposit in the w...Read More
Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8."ArcelorMittal Tubar??o informs a stoppage occurred in its hot-strip mill on March 8, 2021, with no impact on safety. The equipment is under maintenance, aiming to...Read More
Domestic prices for hot-rolled coil in Northern Europe were largely stable day on day on Monday March 15, supported by a shortage of material in the region, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?791.25 ($945.39) per tonne on Monday March 15, down by just ?,?1.75 per tonne from ?,?793.00 per tonne on Friday March...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. This month's key North American steel forecast highlights: US hot-rolled coil prices continued to move in line with our forecasts in February, although actual prices again modestly exceeded our forecasts. Domestic HRC prices averaged $1,194 per ton in February, exceeding our forecast price of $1,150 per ton for the month. U...Read More
Just like the rodeo, today's market environment is full of thrills. In the Energy sector, we are seeing small companies eating the lunch of bigger names when it comes to returns. The sector is also confronting climate change, and that is opening up opportunity for investors.The latest Insights: Energy fun and financial disruption (image by Jaimie Harmsen on Unsplash)All that in the latest Insights...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly flat during the week to Monday March 15, but sources expect prices to pick up in the short-term on improving end-user demand.Demand for rebar from key end sector construction has started to recover slowly, supporting a positive outlook, sources told Fastmarkets.But trading activity in the region is subdued,...Read More
The steel trade between the United Arab Emirates and Israel has resumed since the signing of Abraham Accords on August 13, 2020.The Abraham Accords refers to treaties between the UAE, Israel, Bahrain and the United States. Since their signing, the countries have been mutually exporting and importing a variety of products, and trade relations between them were expected to improve in the coming mont...Read More
Glencore has undergone a major restructuring of its leadership teams, with a number of senior departures and new roles for existing department heads.Kenny Ives, Tor Peterson and Nico Paraskevas will leave the company in the coming months, stepping down from their roles as head of nickel, head of coal and head of copper marketing respectively. The trio will stay on for a few months...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Monday March 15, supported by the trend in international trading, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?360-370 ($430-442) per tonne on March 15, up by ?,?20-30 per tonne from ?,?330-350 per tonne in mid-F...Read More
The price range for rebar imports into Singapore widened during the week to Monday March 15 on steady demand from buyers and lower-priced cargoes from India, sources told Fastmarkets.There was one transaction heard concluded at $685 per tonne cfr Singapore on a theoretical weight basis for a 50,000-tonne cargo from Turkey, and another transaction heard concluded at $675 per tonne cfr Singapore on...Read More
Here are five Fastmarkets stories you might have missed on Monday March 15 that are worth another look.Brazilian slab and hot-rolled coil producer ArcelorMittal Tubar??o expects to resume operations at its hot-strip mill this week, after the equipment was put under maintenance on Monday March 8.The Aluminium Stewardship...Read More