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

Premiums for nickel in the United States fell during the week to Tuesday November 10 amid a competitive spot market and bearish 2021 long-term contract talks, while premiums in Asia and Europe were flat.Intense spot market competition drags US briquette premium lowerNickel premiums in Shanghai unchanged while closed arb keeps long-term contracts cappedStrong London Metal Exchange nickel price dete...Read More

China's zinc smelters could follow their copper peers in forming a group to negotiate supply deals with international counterparts, after an increasingly volatile market for concentrates this year.Several smelter sources, speaking to Fastmarkets on condition of anonymity, said that talks were at a preliminary stage, but that discussions had started during the annual meeting of China's zinc and lea...Read More

Markets were generally buoyant on the back of relief that a potential Covid-19 vaccine has been found, but the metals also seem hesitant this morning, Tuesday October 11, about what this will mean to the markets given how much they have run up already since the March lows.* Asian Pacific equities were mixed, with China’s CSI 300 down for the second day as big tech, a big winner during lockdow...Read More

The London Metal Exchange three-month prices for copper, zinc and lead were on the rise on Wednesday morning while the market continues to sway between expectations of a Covid-19 vaccine, a Joe Biden presidency and the prospect of an economic downturn in Europe due to new lockdowns.The LME three-month lead price made the most significant gains over the morning from Tuesday's 5pm close with its pri...Read More

There were no expectations of material changes to the US steel market to arise in the short term as a result of Joe Biden taking office as United States president in 2021, Gerdau chief executive officer Gustavo Werneck said on Wednesday November 11.Werneck also expected a metal spread recovery in the fourth quarter of this year, boosted in particular by steel beams, and he forecast stability for 2...Read More

Domestic prices for heavy steel plate fell again in Southern Europe in the week to Wednesday November 11,due to continuing poor demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?440-450 ($520-532) per tonne on November 11, down by ?,?5 per tonne week on week from ?,?445-455 per tonne.The assessment reflects achievabl...Read More

The improvement seen over the past week in demand for semi-finished steel products in Asia, and particularly in China, helped Iranian mills to achieve higher prices in recent billet and slab tenders, Fastmarkets has learnt.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $415-420 per tonne on Wednesday November 11, against $407-411 per tonne the week before.Severa...Read More

Gold stocks are under technical pressure. Gold iShares (XGD) moved below $21.02 extending an intermediate downtrend. Franco-Nevada, a TSX 60 stock moved below Cdn$175.85 extending an intermediate downtrend. Wheaton Precious Metals (WPM), a TSX 60 stock moved below US$43.89 extending an intermediate downtrend.Nutrien (NTR), a TSX 60 stock moved above $55.42 extending an intermediate uptrend.Telus (...Read More

The price of Europe-origin steel H-beams remained stable again this week following market jitters due to the progress of the Covid-19 pandemic on the continent, sources told Fastmarkets on Wednesday November 11.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540-570 ($638-674) per tonne on Wednesday, unchanged since late September.Prices remained s...Read More

Turkish steel mills resumed their deep-sea scrap buying at higher prices, having secured more finished long steel and billet sales, sources said on Wednesday November 11.A steel mill in the Iskenderun region broke the silence in the deep-sea market late on November 10 with two fresh cargoes.The mill booked a Baltic Sea cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $305 per tonne and 5,000...Read More

Prices for export cargoes of steel scrap sold from Japan continued to move upward this week, following another rise in the Kanto auction price, sources said on Wednesday November 11.November's Kanto Tetsugen, an auction between scrap suppliers in the Tokyo area, closed at an average price of ?30,605 ($291) per tonne fas for H2 on Wednesday, up ?2,199 per tonne compared with last month.The first...Read More

-Senior Seasoned Mining Professionals Mr. Robert W. Schafer and Ms. Tara Gilfillan Bring Deep Industry ExperienceELKO, Nev., Nov. 11, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. Robert W. Schafer and Ms. Tara Gilfillan have been elected to the Board of Directors. Following the recent Annual Shar...Read More

A radical shake-up of the European Union's waste shipment regulations could lead to a total ban or the implementation of controls on scrap metal exports from the territory, Fastmarkets understands.The European Commission is reviewing EU rules on waste shipments to encourage more recycling within the EU and is exploring ways to reduce the exports of such materials.EU lawmakers have been m...Read More

Iron ore prices increased further in both the futures and seaborne markets on Wednesday November 11, sources told Fastmarkets, on support from decreasing steel inventories but physical prices at ports remained stable.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.56 per tonne, up $2.29 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.00 per tonne, up $2.26 per tonne58% Fe fines h...Read More

Seaborne coking coal prices in the fob Australia and cfr China markets diverged on Wednesday November 11, with Chinese buyers starting to feel the pressure from restrictions on Australian imports, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.40 per tonne, down $3.69 per tonne Premium hard coking coal, cfr Jingtang: $148.95 per tonne, up $2.25 per tonneHard c...Read More

Japanese integrated steelmaker JFE Steel is speeding up some notable structural changes to its operations to increase profitability levels, it said.The steelmaker said it would bring forward the revamp of its No6 blast furnace (BF) in the Chiba district of its East Japan Works to September-December 2022. It previously planned to do so in 2023.The firm has brought forward the maintenance period to...Read More

China's domestic hot-rolled coil prices dipped on Wednesday November 11, but producers were reported to have secured export orders at higher prices than last week.DomesticEastern China (Shanghai): 4,060-4,080 yuan ($614-617) per tonne, down 10-20 yuan per tonneSellers in Shanghai cut their offers on Wednesday to generate more sales after trading activity weakened in response to falling futures, se...Read More

The waiting time for aluminium at Istim's warehouse in Port Klang, Malaysia rose to 71 days at the end of October, according to the London Metal Exchange's latest queue report.The queue is up from 61 days at the end of September at LME-approved Istim warehouses.There has been a queue for aluminium at Istim warehouses in Port Klang every month so far in 2020.Queues for aluminium continue to build i...Read More

China's domestic prices for rebar lost their upward momentum on Wednesday November 11 on falling demand among stockists, though that from end users remained good and steady.DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-618) per tonne, unchangedTrading activity has fallen in the futures market - the January rebar contract on the Shanghai Futures Exchange logged just 5.61 million tonnes w...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday November 11.Key driversThe ferro-titanium spot price in Europe increased, extending the current rally into its 12th week amid renewed demand from consumers looking to settle deals from a raft of new tenders. Suppliers reported deals for several hundred tonnes of standard-grade ferro-titanium for prompt shipment and a few hundred ton...Read More