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 seaborne premium hard coking coal cfr price rose on Friday November 6 due to the premium paid for high quality materials from countries such as Canada while premium mid-volatility hard coking coal was transacted in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.45 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $143.93 per tonne,...Read More
Seaborne iron ore prices were up on Friday November 6 amid strong demand for steel reinforcing bar (rebar) in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.80 per tonne, up $0.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.03 per tonne, up $0.95 per tonne58% Fe fines high-grade premium, cfr Qingdao: $108.75 per tonne, up $1.07...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW OCTG edges higher, seamless could followRising substrate costs helped support US ERW OCTG prices this month, especially at the upper end of the range of offers. Seamless OCTG and linepipe prices, meanwhile, held firm compared with September prices. The fundamentals remain weak, with rig counts going up...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
The market for imported pig iron in the United States improved during the week to Friday November 6 on an optimistic mood among suppliers, which have tight order books and see demand in other outlets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $377-385 per tonne on Friday, widening upward from $377 per tonne a week earlier."Now demand for pig iron is higher than...Read More
The United States' used beverage can (UBC) imports fell for a third consecutive month in September, with domestic recycling processes beginning to recover from Covid-19 closures.UBC imports totaled 11,796 short tons in September, down by 6.4% from 12,606 tons in August but up by 28.1% from 9,206 tons in the same month last year, according to US trade data.Imports of the product...Read More
The benchmark A380.1 secondary aluminium alloy price in the United States has logged a 13th consecutive week of increases, supported by rising raw material costs and strong demand from automotive die-casters, to reach its highest in more than 23 months.Fastmarkets assessed the price for aluminium alloy A380.1, delivered Midwest at 88-91 cents per lb on Thursday November 5, up by 2.9% from 86-88 ce...Read More
The market for flat-rolled aluminium is robust at present, but uncertainty surrounding the direction of the volatile US Midwest premium, and the potential for more disruptions from the continuing Covid-19 pandemic, have made it difficult for Novelis to plan and navigate the markets.United States-based Novelis is a world leader in the rolling and recycling of aluminium. Its senior vice president an...Read More
Fastmarkets is launching two new coefficients for the copper concentrates market, with an update to be published for the first time on Friday November 6.The new coefficients, MB-CU-0422 - Copper concentrates counterparty spread and MB-CU-0423 - Copper concentrates Co-VIU, will build on the success of Fastmarkets' index reporting on the copper concentrates market, which started...Read More
Copper concentrate treatment and refining charges (TC/RCs) rose in the week to Friday November 6, with market liquidity seasonally lower at a time when miners and smelters are discussing annual contracts. Fastmarkets' benchmark copper concentrates TC/RC index, cif Asia Pacific was at $46.4 per tonne / 4.64 cents per lb on Friday, reaching a four-month high. Highlights of the week -...Read More
Noranda Income Fund (NIF) has extended its exclusive agreements with Glencore Canada for the purchase of zinc concentrate and the sale of zinc metal for an additional three years through to April 30, 2025.The agreement will renew automatically for five-year terms after it expires, unless Glencore Canada opts not to renew. The Toronto, Canada-listed company said the agreement's non-renewal notice p...Read More
Though confirmed deals lowered hot-rolled coil prices in the United States on Friday November 6, the spot market may well hit $35 per hundredweight ($700 0per short ton) soon due to limited availability and rising raw material costs, according to sources.Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $34.43 per cwt ($688.60 per ton) on Friday, down 1.1% from $34.82 pe...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningThe company, which is advancing a pre-feasibility study on the project, said HPGR sh...Read More
Prices for cold-rolled and galvanized steel sheet in the United States strengthened again after buyers said they were ready to order spot material and mills expressed uncertainty over when availability would open up. HDG prices rose for the 13th consecutive week.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US climbed to $43 per hundredweight ($860 per short ton) on Thu...Read More
Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromineThe close US election race means the predicted "blue wave" following a Joe Biden victory may turn out to...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company, which secured the project in November 2019, said drilling outside the existing resource envelope had proven the mineralisation extended beyond the known deposit associated with the area'sRead More