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
Seaborne iron ore prices corrected upward on Friday October 22 after a sharp decrease on Thursday amid continuous bearish outlook for iron ore demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.52 per tonne, up $2.59 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.89 per tonne, up $2.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $92.38 per tonne, up $3.40 per tonne...Read More
Spot prices for hot-rolled coil in China fell sharply on Friday October 22 following the tumble in futures prices on Thursday triggered by Beijing's moves to rein in soaring coal prices.Domestic Eastern China (Shanghai): 5,550-5,600 yuan ($869-877) per tonne, down by 150-160 yuan per tonne Northern China (Tangshan) weekly assessment: 5,550-5,620 yuan ($869-880) per tonne, down by 160-170 yu...Read More
China's domestic rebar prices fell sharply on Friday October 22 following a drop in the futures market, but the lower prices stimulated an increase in buying interest.DomesticEastern China (Shanghai): 5,300-5,350 yuan ($829-837) per tonne, down by 330 yuan per tonneNorthern China (Beijing) weekly assessment: 5,240-5,270 yuan per tonne, down by 360-380 yuan per tonneThe January rebar futures contra...Read More
Base metals prices on the London Metal Exchange mostly rebounded during morning trading on Friday October 22, with aluminium the lone metal in negative territory.Aluminium's volumes were by far the highest this morning, with over 11,500 lots traded by 9.30am London time, compared with just 5,145 lots of copper. Despite closing down by 5% on Thursday, the LME three-month aluminium price continued t...Read More
Base metals prices on the London Metal Exchange were mainly stronger during morning trading on Friday October 22, but those on the Shanghai Futures Exchange were largely down - this follows significant losses on the LME on Thursday.Chinese property giant Evergrande Group makes a dollar bond interest payment.US treasury yields up sharply following better-than-expected US initial jobless claims data...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday October 22.Jessica Long, Zihao Li and Ruby...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it...Read More
The European Commission (EC) will not impose provisional anti-subsidy measures on imports of stainless steel cold-rolled flat products from India and Indonesia, it said on Tuesday October 19.The anti-subsidy investigation, which opened on February 17 this year, is continuing, the commission said.Definitive measures, in any, are scheduled to be...Read More
Research analysts at CIBC see Marathon Gold (TSX: MOZ) as a "top take-out target" due to its advanced stage Valentine gold project in central Newfoundland, and believe construction on the project could begin early next year."The key catalyst for construction to begin is the conclusion of the Environmental Assessment (EA) process," analysts Allison Carson and Sehaj Anand wrote in a research note fo...Read More
Zijin Mining, China's largest gold miner, has begun operations at its Cukaru Peki copper and gold mine in Serbia. The asset, part of the Timok project, is expected to make the Balkan country Europe's second-largest copper producer. Zijin has poured US$474 million to date into the new underground mine, which is slated to have annual capacity of 3.3 million tonnes of ore. "The first part of t...Read More
Mexico's Altos Hornos de M?(C)xico (Ahmsa) is considering seeking Chapter 11 bankruptcy protection for its Minera del Norte thermal coal subsidiary, after a Mexican commission canceled state supply contracts, the company said on Thursday October 21.Minera del Norte - also known as Minosa - is a wholly-owned subsidiary of the Mexican steelmaker and has the capacity to produce 6.6 million tonnes per...Read More
Denison Mines (TSX: DML; NYSE-AM: DNN) is selling 32.5 million common shares it holds in GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) at 48 ? per share to one of the junior explorer's larger institutional shareholders for proceeds of $15.6 million.Denison currently owns 65.14 million GoviEx shares or about 12.07% of the company's shares outstanding.Under the private sales agreement with the unnamed i...Read More
A summary of China's minor metals exports and imports for September 2021Exports In brief ?EUR?China's export of antimony continued to increase in September. The Netherlands remained the biggest buyer of Chinese antimony with 582,946 tonnes of import. The rest of China's exports went mainly to Japan, South Korea and the United States. ?EUR?China's import of selenium dropped...Read More
Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China's continued price decline, sources told Fastmarkets.Closures at Chinese rerolling mills amid power rationing and environmental measures, together with spiraling ferrous futures markets, have badly damaged steel billet demand in the country this week...Read More
First gold is scheduled to be poured in Q4 2022 - with a final investment decision slated before the end of this year.A Definitive Feasibility Study completed earlier this year forecast average production of 136,000 oz/year - positioning Bardoc as one of the more substantial new gold mines set to come on stream in Australia over the next few years.And that's just for starters. The large resource b...Read More
A Cornerstone Position in a New Gold District in the YukonRead full newsRead More
Wall Street Silver, Released on 10/23/21Egon von Greyerz joins us to describe his views on how debt will overwhelm the markets and gold will soar to new highs.Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and ass...Read More