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
In this video I cover 5 reasons why Africa is great for Gold Mining and Exploration. These reasons center around the valuations of companies working in Africa, the cost of drilling and mining there, the overall quality of deposits you can find there and the presence of many major and mid-tier companies there.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technician...Read More
Seaborne iron ore prices were up on Tuesday November 10 amid strong demand for rebar in China, but some market participants told Fastmarkets that the long-term outlook is not looking so positive.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.27 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.74 per tonne, up $0.49 per tonne58% Fe fines high-grade pr...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
The recovery of demand for imports of steel billet into China that started last week, and pushed up the prices in the wider Asian region, has played to the advantage of CIS exporters.CIS mills were already almost sold out for December-shipment volumes and were now hoping for higher prices for January-shipment cargoes. Late last week, billet from the CIS region was available within the range of $42...Read More
Gold Standard Ventures reported it has taken a key step in initiating the permitting process for its South Railroad Project by submitting its Plan of Operations to the U.S. Bureau of Land Management. RC drill at the Pinion North ZoneIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that "it has submitted its Plan of Operations to the U.S. Federal Bureau of Land Manag...Read More
Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on Tuesday November 10.Increasingly strong Chinese steel prices over the last week have led to a surge in steel billet offer prices to the Manila market, despite muted buying interest amid high stock levels in the Philippines. Buyers in Th...Read More
The European titanium markets look set to remain buoyant through 2021 and well into 2022, with a shortage of titanium scrap underpinning both feedstock and alloy prices, according to industry sources.The titanium scrap market may be in deficit until at least early 2022, sources said, and aerospace - a key supply sector - is expected to struggle to recover output after the Covid-19 p...Read More
A summary of the financial results for Austrian steelmaking group Voestalpine for the first half of its 2020/21 financial year, covering the period April 1-September 30, 2020.In brief The company's performance for the period was greatly affected by the effects of the pandemic on the steel market. Demand for steel products started to recover in all major consuming sectors once lockdowns...Read More
China will set standards for the quality of steel rebar used for reinforcing concrete in the construction sector by 2022, according to a notice released by the Ministry of Industry & Information Technology (MIIT) on Saturday November 7.The standards for the product, which it describes as hot-rolled ribbed steel bar in Chinese, will be drawn up by China Metallurgical Information & Standardization I...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 10. Please click...Read More
Steel scrap prices in Mexico rose again in all regions of the country during the week ended Friday November 6 amid strong demand and limited supply, with special interest from buyers in the obsolete grades like plate and structural scrap, turnings and shredded scrap.Prices were stronger in Mexico's central Baj?-o region, where buyers in San Luis Potos?- state were avidly seeking material and payin...Read More
Tin was the LME outlier on Tuesday November 10, with its price down 0.02% from Monday's close - when markets were boosted by Joe Biden's success in the US election and news of an effective vaccine against Covid-19 emerged. All other LME base metals closed up on the previous day's afternoon kerb on Tuesday, with most prices across the complex rangebound following a rally the previous day.But the ca...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
The European titanium markets look set to remain buoyant through 2021 and well into 2022, with a shortage of titanium scrap underpinning both feedstock and alloy prices, according to industry sources.The titanium scrap market may be in deficit until at least early 2022, sources said, and aerospace - a key supply sector - is expected to struggle to recover output after the Covid-19 p...Read More
There are tremendous opportunities for manganese and vanadium in the global trend of electrifications, and the battery sector will outpace the steel industry in terms of boosting demand growth for those materials, delegates heard at Fastmarkets' International Ferro-alloys virtual conference on Tuesday November 10. Competitive cost and comparatively diverse supply are likely to dictate the shift in...Read More
Tin was the LME outlier on Tuesday November 10, with its price down 0.02% from Monday's close - when markets were boosted by Joe Biden's success in the US election and news of an effective vaccine against Covid-19 emerged. All other LME base metals closed up on the previous day's afternoon kerb on Tuesday, with most prices across the complex rangebound following a rally the previous day.But the ca...Read More
Seaborne premium hard coking coal prices in the fob market edged up on Tuesday November 10 on active trading, while cfr hard coking coal prices jumped because of Chinese restrictions on Australian coal.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.09 per tonne, up $1.31 per tonne Premium hard coking coal, cfr Jingtang: $146.70 per tonne, up $2.36 per tonneHard coking coal,...Read More
Seaborne iron ore prices were up on Tuesday November 10 amid strong demand for rebar in China, but some market participants told Fastmarkets that the long-term outlook is not looking so positive.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.27 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.74 per tonne, up $0.49 per tonne58% Fe fines high-grade pr...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? Flat steel product prices in the United States moved largely in line with our expectations in October, although the increases slightly outpaced our projections. US hot-rolled coil prices averaged $655 per ton in October, exceeding our forecast price of $640 per...Read More