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
Continued problems with the sourcing of semiconductor chips could start to affect the revenues of Kaiser Aluminum's automotive unit in the second half of the year, the semi-fabricated speciality aluminium producer has warned.The United States-based company has experienced slight delays in some automotive application programs in the first quarter of the year, it said on Thursday April 29, mainly du...Read More
Vimy set for 'uranium boom boom'SPONSOREDvimy resourcesGroup copper production rose 3% year-on-year in Q1 to 301,000 tonnes, driven by productivity improvements and mine sequencing at its operations in South America, including Collahuasi, Antamina andRead More
The demand for nickel and cobalt as battery materials for electric vehicles (EV) will keep their long-term bullish fundamentals intact, according to Canadian miner Sherritt International.Over the past six months, numerous carmakers and governments have announced plans for significant investments to expand EV production capacity to meet growing demand, the company said.Sherritt produces nickel plus...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAsiamet terminated its deal with Aeturnum in January after the latter failed to transfer an initial payment of US$2.5 million. Shares in Asiament more than halved in value as a result.Read More
Visible progress has been made toward network readiness and the availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.There has been already a significant ramping-up of the uptake of 5G devices so far this year. The Global Mobile Suppliers Association (GSA), in its 5G devices summary for March...Read More
Look beyond market approach to project valuations: van ZylLeadershipEmmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaThe company announced plans on Tuesday to raise $50 million and the offer attracted strong support. An institutio...Read More
A summary of Canada-headquartered Lundin Mining's output figures for the first quarter of 2021, as stated in its production report published on Wednesday April 28.In brief Lundin's Candelaria mine in Chile, and the Chapada mine in Brazil, increased mill throughput in the first quarter after disruptions reported in the last three months of 2020. Copper production fell year on year due to lower copp...Read More
ADC 12 aluminium alloy prices in China rose on Wednesday April 28, due to higher production costs and reduced supplies, caused by a month of environmental inspections in Jiangxi province.China's Environmental Protection Inspection Team is conducting checks in Jiangxi until May 7 and many ADC 12 producers there have lowered their output while the checks take place."We heard that producers in Jiangx...Read More
Fastmarkets has corrected its weekly price assessment for Aluminium ingot ADC 12, exw dp China, yuan/tonne, which was published incorrectly on Wednesday April 28 due to a reporter error.The assessment should have been 17,900-18,300 yuan per tonne, rather than 17,900-18,200 yuan per tonne, which was the previous week's range.This has now been corrected in Fastmarkets' pricing database, MinD.For mor...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will increase domestic flat-rolled steel prices by 16-18% in May, following the upward trend in other global markets and in an attempt to offset raw material cost inflation, commercial executive director Luis Martinez announced during the company's first-quarter earnings call on Thursday April 29.CSN's hot-rolled coil prices will rise by 1...Read More
Prices for imported hot-rolled and cold-rolled coil in the United States climbed to new all-time highs over the past two weeks, with US consumers competing with other buyers to purchase limited material."There is not a lot of supply anywhere," a consumer said. "I'm not interested in the imports that are available because they are too expensive."Fastmarkets' assessment for steel hot-rolled coil, im...Read More
With the exception of lead on the Shanghai Futures Exchange, base metals prices were stronger this morning, Thursday April 29, reassured that Federal Reserve would keep policy loose and because United States President Joe Biden pumped up the outlook for the US by saying the country is “ready for takeoff".Tin leapt higher on the LME on Wednesday, with the SHFE contract catching up today. ...Read More
Fastmarkets' daily indices for domestic hot-rolled coil were broadly flat on Thursday April 29 due to lack of actual offers while producers held back volumes for the spot market, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?988.33 ($1,194.67) per tonne on Thursday, up by just ?,?0.83 per tonne from ?,?987.50 per ton...Read More
Demand for steel rebar in Egypt should increase soon after the new construction regulations come into effect on May 1, sources told Fastmarkets on Thursday April 29.The Egyptian Ministry of Local Development announced that it will allow new building permits from May 1 onward, sources told Fastmarkets.The permits will be provided until June 30 as part of a trial period and after the trial, the mini...Read More
Bank of America (BAC), an S&P 100 stock moved above $40.38 extending an intermediate uptrend.Facebook (FB), an S&P 100 stock moved above $315.88 to an all-time high extending an intermediate uptrend. QUALCOMM (QCOM), an S&P 100 stock moved above $140.68 extending an intermediate uptrend.U.S. Broker iShares (IAI) moved above $97.84 to an all-time high extending an intermediate uptrend.A...Read More
How much wealthier - or poorer - would you be today absent 50 years of government economic regulation?That is, how much wealthier or poorer would you be… had the United States government stood paws off these past 50 years?Your choices are these:A): 3.0 times wealthierB): 1.86 times wealthierC): 3.8 times poorerD): 4.2 times poorerPerhaps you would be identically rich or identically poor, des...Read More
A summary of production figures and financial results from Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) in the first quarter of 2021, as stated in its earnings report published on Wednesday April 28.In brief Production from the No2 blast furnace (BF), which was reignited in November last year, normalized throughout the quarter and boosted steel slab output, the company said. Sales to...Read More
Seaborne premium hard coking coal prices were largely stable in both the cfr and fob markets on Thursday April 29, with the cfr market in tight supply of seaborne coking coal amid limited buying interest in the fob market due to the Covid-19 spread in India, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.78 per tonne, up $0.57 per tonnePremium hard coki...Read More
Seaborne iron ore prices decreased on Thursday April 29 due to the depressed market sentiment following China's steel export rebate rates cut and less trading activity before the Labor Day holiday in China from May 1-5, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $191.60 per tonne, down $0.92 per tonne62% Fe low-alumina fines, cfr Qingdao: $193.43 per tonne, down $0.80 per...Read More
Sentiment in China's imported ferrous scrap market turned bullish on Thursday April 29, after the country's Ministry of Finance officially announced that the new tax regime for ferrous raw materials would start on Saturday May 1.According to the document published by the Ministry of Finance, there will be no import tariffs for steelmaking raw materials such as recycled steel, pig iron, crude steel...Read More