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

(Reuters) - Brazil's Nubank on Monday lifted the veil off its filing for an initial public offering in the United States, revealing it is targeting a valuation of over $50 billion, setting the stage for one of the biggest stock market flotations this year.The company said it is offering 289.2 million shares at a price between $10 and $11 per share. At the top end of that range, the IPO will fetch...Read More

LONDON (Reuters) - Barclays chief executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.Staley will be replaced as CEO by Barclays' head of global markets C.S. Venkatakrishnan, who on Monday pledged to continue his predecessor's strategy.Staley's shock departure comes after Barclays was...Read More

MOSCOW, Nov 1 (Reuters) - Russia's flagship Urals oil grade is facing growing competition in its European heartlands amid rising supplies of Norway's Johan Sverdrup (JS Blend) crude and reduced opportunities for the Norwegian grade in Asian markets, traders said.Urals and JS Blend, both medium sour crudes and available from European ports, are similar in quality and logistical requirements, and ta...Read More

SHANGHAI, Nov 1 (Reuters) - Chinese homebuilder Yango Group (000671.SZ) offered on Monday to exchange some U.S. dollar bonds for new notes personally guaranteed by its chairman as it struggles to free up cash and avoid defaulting on upcoming debt payments.Yango's liquidity crunch comes against the backdrop of a crisis at larger rival China Evergrande Group (3333.HK), which has stoked concern am...Read More

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More

(Adds details)LONDON, Nov 1 (Reuters) - Britain's BT, fresh from bolstering its defences against a possible takeover bid, said on Monday it had delivered its annual 1 billion pounds ($1.37 billion) cost savings target 18 months ahead of schedule, driving its shares higher.Britain's biggest broadband and telecoms group announced the news less than a week after a source confirmed it had also appoint...Read More

Nov 1 (Reuters) - Along with the supply-chain headaches everyone is fighting - from clogged ports to empty store shelves - Ryan Gunnigle is focused on the potential for the opposite problem: gluts."Customers are just flinging crazy orders right now, so it's hard to determine the real level of demand," said the chief executive of Kids2, the Atlanta-based toy company best known as the maker of Baby...Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

Tata Steel and and Tata Power, two companies of the Tata Group, have agreed a Power Purchase Agreement (PPA) for solar power to be installed in Jamshedpur and Kalinganagar, the company announced on Friday October 29.The two companies have signed a 25-year PPA to set up the 41 megawatt(MW) solar project, which will be a combination of rooftop, floating and ground mounted solar panels, it said....Read More

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More

Market participants in the European Union expressed uncertainty on how the flow of European-produced aluminium to the United States will be impacted by a deal to between the US and EU to replace Section 232 import tariffs with a tariff-rate quota (TRQ) system."The news is still fresh and it is not clear yet what it means for the market," one European trader told Fastmarkets."On the European side,...Read More

The CIS export slab market was quiet in the week to Monday November 1 because most mills were absent from the market.No fresh offers were heard from Russian suppliers in the Black Sea basin, while local sources reported that the country is on lockdown until November 7, reducing trading activity.In the Far East...Read More

The spot price for spodumene concentrate ticked up due to tight availability of the raw material, while downstream global lithium prices continued to post steady gains in October after China's National Day holiday (October 1-7).Fastmarkets' assessment for spodumene 6% Li2O min, cif China basis was $2,100-2,500 per tonne on Thursday October 28, narrowing upward by $100 per tonne from $2,000-2,...Read More

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....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

Previously stranded Australian coking coal has started to affect the seaborne coking coal cfr price; seaborne prices in the fob market were relatively stable, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $600.25 per tonne, down by $7.87 per tonneHard coking coal, cfr Jingtang: $525.23 per tonne, down by $19.65 per tonnePremium hard coking coal, fob DBCT: $...Read More

Spot prices for hot-rolled coil in China continued to fall on Monday November 1, with market sentiment subdued by continued declines in coal futures prices and weak economic data.DomesticEastern China (Shanghai): 5,230-5,300 yuan ($817-828) per tonne, down by 40-100 yuan per tonneSpot HRC prices in the domestic market slipped to their lowest since May 26 on Monday, while the most-traded HRC contra...Read More