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
Prices in the Commonwealth of Independent States' export market for steel billet moved up on Thursday October 21 amid rising scrap and domestic billet prices in Turkey, which added to the positive expectations among sellers.Fastmarkets' calculation of its daily index for steel scrap HMS 1&2 (80:20 mix), north Europe origin, cfr Turkey, was $497.04 per tonne on Thursday, unchanged day on day but up...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 21 that are worth another look.Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.The government of the United...Read More
The three-month copper contract is trading near record highs on the London Metal Exchange, cash prices are rising even faster, and inventories are descending toward zero. Try running a hedge book in those conditions.It's been a very real quandary facing the physical trade and industry, which awoke on Tuesday October 19 to find copper's cash to November spread had flared to a backwardation of more...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
Cobalt sulfate prices have trended upward since early September this year due to continuously higher raw materials costs and the rising cost of chemical auxiliary materials despite thin downstream demand, sources told Fastmarkets.Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price was assessed at 89,000-93,000 yuan ($13,914-14,539) per tonne on Wednesday October 20,...Read More
Steelmakers in China will likely keep their production rates low in the fourth quarter of 2021 amid pollution controls and tight electricity supply even though they still seem to have a lot of "quota" left for the year, market participants say.In the first nine months of this year, China produced 805.89 million tonnes of crude steel, according to the country's National Bureau of Statistics (NBS)....Read More
Base metal prices on the London Metal Exchange were down across the board at the 5pm close of trading on Thursday October 21, with market participants beginning to sell off material following the recent price rally.The three-month aluminium price fell by 5.2% to $2,910 per tonne on Thursday, down from $3,069.50 per tonne at Wednesday's 5pm close after trading in large volumes and more than 34,180...Read More
Iron ore prices were largely down on Thursday October 21, following the bearish mood in terms of steel prices and demand, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.93 per tonne,down $7.14 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.68 per tonne,down $6.53 per tonne58% Fe fines high-grade premium, cfr Qingdao: $88.98 per tonne,down $5.99 per tonn...Read More
Seaborne coking coal cfr prices increased following a trade on Thursday, while despite a fall in the futures market, coking coal prices in the physical market stayed reasonably strong, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $615.52 per tonne, up $3.40 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, up $1.69 per tonnePremium hard coking coal, fob DBCT: $...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
Some 64% of the resource is now in the indicated category, with indicated resources increasing more than 100% to 28.2Mt grading 1.11% Li2O.Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesThis includes 2.6 million ounces a year of silver production.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsSullivan Gulch mineralisation has been delineated over a strike length of 1,000m with a width of 200m and a depth of 350m.Read More
Look beyond market approach to project valuations: van ZylLeadership3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its As...Read More
Look beyond market approach to project valuations: van ZylLeadership3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningVale this week cut its 2021 nickel outlook from an estimated 200,000t to 165,000-170,000t, due in part to the e...Read More
Production from Shanta gold's only producing asset, New Luika in Tanzania, was essentially flat in the third quarter at 14,194 ounces, compared to 14,201oz in the previous quarter, as an improved rateRead More
Jewelers optimistic for the holiday season. Polished demand outpacing supply, but inventory levels rising and buyers concerned about price increases. Approximately 1.7M stones valued at $7.5B on RapNet. Supplier prices firm due to high rough costs. Strong memo sell-through. De Beers sees robust rough demand at $490M Sep. sight; 3Q production +28% to 9.2M cts., sales volume +18% to 7.8M cts. Alrosa...Read More
RAPAPORT... HRD Antwerp has terminated its collaboration with a local partner in Turkey and Dubai, the Belgian grading organization said.Mehmet Can ?-zdemir and his company had managed HRD's laboratory in Turkey since 2014, Ellen Joncheere, HRD's CEO, told Rapaport News Wednesday. HRD owned 50% of the business in Turkey in a joint venture, while the pair also operated a partnership in Dubai i...Read More