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
Aluminium billet premiums in Europe reached all-time highs on Friday March 12, with the US billet premium now barely below a record high, and supply squeezed across the globe.EuropeBillet premiums in Europe continued to soar on Friday due to continued supply tightness and logistics issues.The premium has overtaken the multi-year highs reached when US sanctions imposed on producer Rusal caused pani...Read More
Aluminium primary foundry alloy (PFA) premiums in Europe rose to more than two-year highs on Friday March 12, while the premium in the United States was unchanged at a 19-month high.EuropePremiums in Europe were driven higher by a lack of supply, rising raw material costs and global logistics complications. Fastmarkets' assessment of the aluminium primary foundry alloy silicon 7 ingot premium, ddp...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Bob Moriarty ArchivesMar 12, 2021The hottest flavor in gold resource stocks today has to be in Newfoundland. New Found Gold lit the fire in 2019 as a private company with their first hole registering 19 meters of 92.9 g/t gold. NFG is in the midst of a 200,000 meter drill program that continues to deliver world-class results every couple of weeks. But just to the west of NFG is a much smaller comp...Read More
Vedanta Zinc International's Gamsberg zinc mine in South Africa could post a production loss of up to 40,000 tonnes in 2021, a source with direct knowledge of the matter confirmed to Fastmarkets.Mining activity temporarily halted at the Gamsberg mine after a pit collapse in November 2020, but restarted in January. The mine has a capacity of 250,000 tonnes per year of zinc in concentrate....Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 12. ChinaThe spot domestic market price remained firm when production was suspended in Baotou due to the energy consumption restrictions in Inner Mongolia, adding to the already tight availability.The export price edged higher amid increasing spot demand from Asian buyers.Europe The spot...Read More
Adam HamiltonArchivesMar 12, 2021The US stock markets have soared over the past year, achieving truly-astounding performance. Vast torrents of newly-created money deluged in, catapulting stock prices radically higher. But this epic flood of central-bank-conjured liquidity has left stock prices massively disconnected from companies' underlying fundamentals. With each passing earnings season, this i...Read More
Some manganese alloy smelters in China are offering manganese ore back to the market after being shut down under measures aimed at controlling energy consumption, sources told Fastmarkets.Ferro-alloys smelters in Inner Mongolia were ordered to suspend their operations for a month from March 5 in a move that is expected to remove 10,000-20,000 tonnes of silico-manganese from the market.The smelters...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Increasing scrap flows and bearish appetites led to softer prices in the majority of international steel scrap markets in the week to Friday March 12.While the markets in the United States, China and India appeared to be static over the period, a flurry of buying activity in Vietnam was intended to capitalize on lower Japanese scrap prices, while Taiwanese traders made hasty sales in a bid to avoi...Read More
The price of austenitic steel scrap in the UK and Europe fell further in the past seven days following the sharp drop in the nickel market last week, sources told Fastmarkets on Friday March 12.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?1,050-1,120 ($1,465-1,563) per tonne on Friday, down by ?30-50 per tonne week on week fro...Read More
Prices for shredded steel scrap imported into India and Pakistan moved down in the week to Friday March 12 following a correction in the international scrap market, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $450.83 per tonne on Friday, down from $460.86 per tonne one week previously.A deal was heard at $450 per to...Read More
Brazil-based metals producer Nexa Resources suspended activity at the open-pit San Gerardo zinc-lead mine at its Atacocha unit in Peru due to road blockades, the company said on Thursday March 11.The miner restricted operations to the minimum workforce necessary for critical maintenance and safety, it said, after demonstrations from the local Machcan community were blocking access to Atacocha's pr...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday March 12, with prices generally consolidating after recent weakness/consolidation. A lack of follow-through selling suggests underlying sentiment is still bullish. United States stimulus and European Central Bank support for a continued low interest rate environment are underpinni...Read More
Share this article Cascada Silver Corp. [CSS-CSE] has received all necessary regulatory and Canadian Securities Exchange approvals to commence trading of its common shares on the CSE Friday March 12, 2021. With receipt of listing approvals in hand, Cascada will increase its exploration activities on its portfolio of silver properties located in Chile's Atacama Region, including the historic Agua...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
In an instant, all the traffic lights in Manhattan turn green at the same time. At the same moment, 3,000 miles away, all the cars in LA with OnStar systems lose braking power.Then a few hours later, down in Washington, D.C., track-switching mechanisms outside Union Station fail, causing two Amtrak trains to collide head-on and derail.In Galveston, an oil tanker runs aground, ripping open its hul...Read More
Magnetic Resources (ASX: MAU) is focused on discovering significant ore bodies, which offer viable commercial offtakes. These discoveries are made primarily utilizing the team's unique set of skills in ground magnetics and soil geochemistry. We learned from George Sakalidis, Managing Director of Magnetic Resources, that they have been actively exploring a gold project called Hawk's Nest Nine, loca...Read More
Tarachi Gold Corp. (CSE: TRG, PINK: TRGGF, Frankfurt: 4RZ) is focused on exploring and developing the Tarachi Gold project that covers 3,708 ha of highly prospective mineral concessions, in the Sierra Madre gold belt of Sonora, Mexico, in close proximity to Alamos Gold's Mulatos mine and Agnico Eagle's La India mine. Tarachi is also in the process of acquiring the Magistral Mill and tailings proje...Read More