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
The American Rescue Plan Act of 2021 was signed by President Biden on March 11 and the peasants rejoiced.The $1.9 trillion stimulus package will give the majority of Americans a $1,400 check, depending on your income level. If you're like me, you're looking forward to the potential of turning that $1,400 check into $10,000 or more.I always have a list of stocks that I'm watching, and in the last...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 24 that are worth another look.Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 24.Please click...Read More
The London Metal Exchange tin price was down 2.3% at the close on Wednesday March 24, while aluminium and nickel recovered some ground lost on Tuesday despite a high US dollar index. Tin's three-month price fell to $25,315 per tonne, its lowest closing price since March 16, wiping out the gains it has made since then. The metal's closing price was at $25,9010 per tonne on Tuesday. This comes agai...Read More
The San Gerardo open-pit zinc-lead mine in Peru, part of the Atacocha plant, has resumed activities after 20 days of downtime because of community demonstrations that were blocking the road to the facilities, Brazilian base metals producer Nexa Resources said on Tuesday March 23.The ramp-up to full production was expected to take 3-5 days, the company added. The full effect of the temporary halt w...Read More
Vancouver, BC - Karus Gold Corp ("Karus Gold") is pleased to announce that the rights offering previously announced February 1, 2021 for 26,556,228 common shares with gross proceeds of CDN$3,983,434 (the "Rights Offering") has closed. Karus Gold remains on track for a TSX Venture exchange listing in Q2 2021.Karus Gold CEO Andrew Kaip commented, "The rights offering saw strong support from our sh...Read More
Minera Los Pelambres, the copper mine in Chile operated by Antofagasta, has reached a new labor deal with the trade union representing its employees following a period of government-mediated negotiations, the company said on Tuesday March 23.The new agreement will be valid for 36 months, and includes improvements in benefits and operational practices, as well as a bonus for agreeing the deal, the...Read More
The company has received firm commitments for a $7.5 million placement to sophisticated investors. It will also launch a one-for-four non-renounceable entitlement issue to raise up to a further $31.Read More
Slow trading activity amid poor demand pressured China's spot ferro-chrome prices down in the week to Tuesday March 24, with weakened sentiment clouding the near-term outlook with signs of easing supply tightness against a falling UG2 chrome ore market, sources said.Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price moved down by 200 yuan ($30.69) to 8,500-8,700...Read More
Over the past week, as prices for most other raw materials have taken a turn for the worse, and sparked a debate about whether a surge in demand for metals in the December quarter was an aberration,Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 24 that are worth another look.Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association...Read More
The court's decision came in response to an appeal by the town of Florence after a lower court decided in 2019 that Florence Copper had the right to mine its property located within the town.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford and...Read More
Turkish steel mills remained absent from the deep-sea scrap import market on Wednesday March 24, due to the slump in the value of the lira and weak steel demand, market participants told Fastmarkets.The Turkish lira weakened sharply at the beginning of the week following the surprise decision by president Recep Tayyip Erdogan to sack central bank chief Naci Agbal and appoint a finance specialist,...Read More
Japanese steel scrap suppliers are limiting the volume of material they are offering to the market, in the expectation of a short-term recovery in prices, sources told Fastmarkets on Wednesday March 24."The supply side is stopping new offers and they feel the market will not decrease anymore," a Japanese steel scrap trader said.A second trading source added: "The Japanese domestic scrap market has...Read More
The trading stalemate in the Chinese ferrous scrap import market has remained over the past day, with buyers keeping their distance from purchasing amid limited offers from sellers.Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $460-470 per tonne on Wednesday March 24, unchanged from a day earlier.Major Chinese steel mills have not shown firm interest...Read More
The San Gerardo open-pit zinc-lead mine in Peru, part of the Atacocha plant, has resumed activities after 20 days of downtime because of community demonstrations that were blocking the road to the facilities, Brazilian base metals producer Nexa Resources said on Tuesday March 23.The ramp-up to full production was expected to take 3-5 days, the company added. The full effect of the temporary halt w...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Wednesday March 24, while those on the Shanghai Futures Exchange were for the most part weaker, following Tuesday's weakness on the LME.Asian-Pacific equities were generally nervous this morning, and low US treasury yields suggest risk-offStronger US dollar may prove to be a headwind for metals Base metalsLME three-month base...Read More
E79 Resources Corp. (CSE: ESNR) is focused on their two gold properties, in the underexplored and historically prolific, Victorian Goldfields, Australia. The Myrtleford Property represents the consolidation of an entire historic gold camp, with over 70 past producing gold mines on the property. At the Beaufort property, E79 is exploring for a hard rock source, of a major alluvial goldfield, along...Read More
The hype is real.If I had told you a year ago that oil prices would be knocking on the $70-per-barrel threshold, there's a good chance a few of you would've laughed me right out of the room.At the time, WTI crude was trading well under $40 per barrel, we were all settling in for a long COVID-19 lockdown, and an oil driller's worst nightmare was coming true - storage was getting very, very tight.Wh...Read More