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
Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More
The nickel markets were bullish in China, somewhat bearish in Europe, and mixed in the United States in the week to Tuesday April 13.A sudden opening of the arbitrage window on Monday stirred China's nickel marketTalk of higher briquette premiums in the US has yet to translate to dealsEuropean trade curbed by pandemic lockdowns, auto industry curtailment.China's nickel premiums up amid good arbitr...Read More
Aluminium's futures price reached yet another year-to-date high on the London Metal Exchange on Wednesday April 14, while tin returned above the $26,000 per tonne mark and copper bounced up by 2% on a day when most metal prices were again boosted by a lower US dollar.Aluminium's price peaked at $2,329 per tonne during trading on Wednesday, and closed up by 1.3% at $2,323.50 per tonne, from Tuesday...Read More
Bob Moriarty ArchivesApr 14, 2021You certainly aren’t hearing about it from the Ministry of Truth butUkraine pretty much declared war with Russia on the 24th of March and promptly moved their forces to the borders of Donbass. Russia mobilized their forces and stands ready to defend the Russian citizens in Donbass from Ukraine.This is a giant game on the part of the Neocons in the US and Nato...Read More
Copper jumped back above $9,000/t on the London Metal Exchange yesterday, rising 2% to $9,080.50/t.It was a bumper day for copper producers, with Freeport-McMoRan rising more than 7% in New York.In London, Glencore gained 5.44%, Antofagasta rose 4.46% and Anglo American was up 3%.In Toronto, copper hopeful THEMAC Resources Group (TSXV: MAC) rose 57% to a one-year high of C11c on no news.The junior...Read More
While the AIM-listed miner has seen no marked increase in cases at its Kounrad operation in Kazakhstan, CAML said there had been "a larger number of cases at Sasa and in the nearby towns, coincidingRead More
Chile's copper miners face the biggest set of labor negotiations in years, but with prices expected to maintain current highs, how high is the risk to output disruptions? Fastmarkets investigates.More than 40 labor negotiations are due to take place this year at mines in Chile, the world's leading copper producer, against a backdrop of almost decade-high metal prices and elections set to be hotly...Read More
The seaborne markets for chrome ore and alloy in China fell during the week ended Tuesday April 13, with lower offer prices sparking UG2 chrome ore liquidity and weak portside prices softening the charge chrome market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China fell by $8 to $150 per tonne on April 13, down by 5.06% from $158 per tonne one week ago. Lower...Read More
China's imports of copper concentrate reached 2.1 million tonnes in March to set a new highest monthly record, customs data out on Tuesday April 13 shows. "The robust imports in March came after weaker shipment [volumes] in February, presumably, due to the fact that high sea waves at Chilean ports caused a delay. The higher concentrate imports came amid rising smelter production that requires raw...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
Turkish steel producers continued to hold back from deep-sea scrap bookings because of limited sales of finished long steel, sources told Fastmarkets on Wednesday April 14.The most recent cargo sale was at the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded.The deal caused a $...Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers in April unchanged compared with market levels the month before, amid persistent supply tightness, trade sources said this week.The move follows initial signs around the turn of the month of a potential fall of ?20 ($27) per tonne due to a combination of reasons: downward pressure on Eu...Read More
China's steel scrap import prices narrowed upward on Wednesday April 14, with rises in finished steel prices driving momentum in the market.The country's steel mills continued to raise their bids for imports of HRS101-grade scrap, with at least one bid heard at $490-495 per tonne cfr eastern China.The highest bid from northeast China reached $500 per tonne cfr China on Wednesday, which sources sai...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.Tuesday's US consumer price index (CPI) reading climbed by 0.6% in March, slightly higher than...Read More
Share this articleThe province appeals to mining investors because it's able to match its relatively strong endowment with competitive policies As Newfoundland and Labrador deals with the effects of COVID-19 and recession, good news economic stories appear to be in short supply. However, a recent survey of investors sheds light on the province's mining potential.Mining plays an important role in...Read More
You should recognize the name Marion King Hubbert.If you've been a veteran reader of mine here at Energy and Capital, I would almost take it personally if you didn't... almost. We've all heard the now-famous story of M. King Hubbert delivering his historic speech that predicted U.S. oil production would soon peak and then enter an irreversible decline - a theory that we will certainly revisit in t...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More
Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday April 14 because demand exceeded supply, sources told Fastmarkets.The number of deals was limited, however, because producers preferred to trade smaller volumes and returned to the market only with short-validity offers. Such tactics, combined with low stocks and good demand from end-consumers, supported an uptrend in...Read More
Turkish steelmaker Tosyali Iron and Steel has ordered a second quantum electric-arc furnace (EAF) from Primetals Technologies, Primetals said.The quantum EAF will produce 2 million tonnes per year of liquid steel and can be operated with a mixture of scrap or varying composition of hot briquetted iron (HBI), Primetals said.Tosyali ordered its first quantum EAF in December 2020, together with a two...Read More
Domestic prices for steel wire rod in Southern Europe were largely unchanged over the past week, although producers were reported to be mulling an increase for May, Fastmarkets heard on Wednesday April 14.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?660-670 ($787-798) per tonne on Wednesday, unchanged since March 31.The assessm...Read More