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 market for steel billet exports from the Commonwealth of Independent States region reduced on Wednesday November 3 due to cautious buyers, sources told to Fastmarkets.Fastmarkets' calculation of its daily steel billet index, export, fob Black Sea, CIS was $646 per tonne, down by $7 day on day."Scrap prices in Turkey [the...Read More

The platform, launched two years ago by Marex and Earth-i, monitors up to 90% of global smelting capacity for copper and nickel.It said the global dispersion index for copper rose from 49.3 in September to average 52.2 in October.A reading above 50 indicates greater activity levels than usual.In nickel, the index rose from 41.1 to 46, with the Americas rebounding to 55.6 as both Sudbury smelters r...Read More

Formed a few years ago, the company has worked up and transformed some unloved copper and gold assets in Brazil into a C$2 billion company that delivers what it claims is an industry-leading 65% return on invested capital from production of around 45,000 tonnes per year of copper and 38,000 ounces a year of gold. Mining Journal spoke with co-founder and CEO David Strang to find out more.Its core s...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board on Wednesday November 3, suggesting dips are once again finding support.The European Union’s manufacturing purchasing managers’ index (PMI) out on Tuesday at 58.3, while slightly weaker than September’s 58.5, still showed strong expansion, which will be helping to counter the slowd...Read More

Brazilian exports of iron ore slipped by 0.84% year on year in October, the country's economy ministry said on Wednesday November 3.Iron ore exports totaled 30.86 million tonnes during the month, down from 31.12 million tonnes in October 2020.Daily average volumes totaled 1.54 million tonnes, also down by 0.84% from 1.56 million tonnes in the same comparison. October had 20 workdays in both 2020 a...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Investors are waiting for news at 2:00 PM EDT from the Federal Reserve on interest rates and tapering of its bond purchases.Index futures were virtually unchanged following release of the October ADP Employment Report at 8:15 AM EDT. Consensus was a gain of 395,000 versus an increase of...Read More

Iron ore prices went up on Wednesday November 3 with support from the demand in low-grade fines, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $100.10 per tonne, up by $4.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $101.70 per tonne, up by $5.03 per tonne58% Fe fines high-grade premium, cfr Qingdao: $76.15 per tonne, up by $8.45 per tonne65% Fe Brazil-origin...Read More

Turkish steel producers have continued their deep-sea scrap purchases at fairly stable prices, market participants told Fastmarkets on Wednesday November 3.A steel mill in the Marmara region booked a Baltic Sea cargo of HMS 1&2 (80:20) at $490 per tonne cfr - although the volume was not clear at the time of...Read More

Steel scrap buyers in Taiwan were bearish about the containerized scrap market, expecting to book cargoes at lower prices in the short term, market sources told Fastmarkets on Wednesday November 3. Taiwan secures lower-priced cargoesVietnam reports lower offersChina prices continue downtrend amid bearish sentiment in local marketTaiwanTaiwanese buyers have secured containerized heavy melting scrap...Read More

Seaborne coking coal prices across the board in both cfr and fob markets were relatively flat on Wednesday November 3.Fastmarkets indices Premium hard coking coal, cfr Jingtang: $600.88 per tonne, up $0.63 per tonne Hard coking coal, cfr Jingtang: $525.23 per tonne, unchanged Premium hard coking coal, fob DBCT: $403.57 per tonne, unchanged Hard coking coal, fob DBCT: $339.59 per tonne, unchang...Read More

Most base metals on the London Metal Exchange traded higher during Wednesday's morning session, bouncing back above the previous day's closing prices aided by well-supported coal prices in Asia.Three-month aluminium traded at $2,733.50 per tonne on Wednesday morning, compared with its close on Tuesday of $2,692 per tonne. Market analysts said well-supported coal prices helped push the light metal...Read More

Trading in China's spot hot-rolled coil market picked up on Wednesday November 3, with prices rebounding after two consecutive days of sharp losses.DomesticEastern China (Shanghai): 5,050-5,100 yuan ($789-797) per tonne, up by 50 yuan per tonneSpot HRC prices in eastern China recovered from an eight-month low during the day while the most-traded HRC contract on the Shanghai Futures Exchange also b...Read More

China's domestic rebar prices tumbled further on Wednesday November 3, which stimulated demand. Domestic Eastern China (Shanghai): 4,950-4,980 yuan ($774-778) per tonne, down by 130 yuan per tonneRebar sellers lowered their offers in the morning on a weak futures market, a trader in Shanghai said. The January rebar futures contract on the Shanghai Futures Exchange was lower...Read More

Domestic stainless steel prices in China dropped sharply over the week ended Wednesday November 3, causing exporters in the country to lower their offers as well. DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,800-20,200 ($3,094-3,156) per tonne, down by 800-900 yuan per tonne from a week earlier Sentiment in the stainless steel futures market remained bearish over the...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday November 3.Key drivers?EUR?European ferro-titanium suppliers held their offer prices steady for the third consecutive week on November 3. There was low-key trading activity, and spot prices appeared to be steady ahead of the expected settlement of steelmakers' tenders for alloy and the annual Fastmarkets' international ferro-alloys...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 applies....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, in-whs Rotterdam, $/lb at 28.00-28.60...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.....Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board on Wednesday November 3, suggesting dips are once again finding support. The European Union's manufacturing purchasing managers' index (PMI) out on Tuesday at 58.3, while slightly weaker than September's 58.5, still showed strong expansion, which will be helping to counter the slowdown in China.U...Read More