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
Fastmarkets has partnered with CME Group to launch a cash-settled cobalt contract to be settled against Fastmarkets' daily benchmark cobalt price assessment. The new contract will use an average of the midpoint Fastmarkets' standard grade, in-whs Rotterdam price assessment and will trade under the Bloomberg ticker MB071071 from December 14.The cobalt supply chain has been joined by automotive make...Read More
Turkish steel mills returned to the deep-sea scrap market after three days of silence to book three new cargoes at higher prices, sources told Fastmarkets on Thursday November 19.Two European cargoes and one from the Baltic Sea were traded after three days of market inactivity from the mills.One European origin cargo was booked by a steel mill in the Iskenderun region and comprised 15,000 tonnes o...Read More
The world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), could result in India losing its share of the Asian steel market, sources told Fastmarkets this week."It is likely that steel mills in Southeast Asia will benefit from the RCEP trade deal, and India will lose market share in Asia," a Chinese trader told Fastmarkets.The RCEP was signed by China, the 10 member co...Read More
Strategic & Precious Metals Processing (SPMP) has named Joel Montgomery as its new chief executive with effect from November 1, Fastmarkets learned.Montgomery was chief operating officer and executive committee member at SPMP since September 2018 and has been acting CEO since February 2020.Montgomery spent 12 years with Vale copper nickel operations in Canada where he held various senior oper...Read More
Share this article Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQB] on Thursday November 19 released a series of high-grade gold-silver assays from the 2020 drill program in the War Eagle Mountain area near the company's DeLamar Gold and Silver Project in southwestern Idaho.Highlights include 24.20 g/t gold and 655.06 g/t silver over 7.62 metres north of 2019 drilling at War Eagle."The drill res...Read More
The base metals were consolidating recent gains but generally holding up near high ground this morning, Thursday November 19 - this despite some nervousness emerging in wider markets about the rapid spread of Covid-19.Asian Pacific equities were mixed this morning, but major European equity indices were down while they tracked Wednesday's weakness in US marketsGold prices also weakerBase metals Th...Read More
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) envisions becoming a leading North American producer of nickel, copper, cobalt and PGMs, through their wholly owned, large, undeveloped Nickel Sh??w Project, located in the favorable mining jurisdiction of the Yukon Territory, with exceptional access to infrastructure, including the paved Alaska Highway, which provides year-round access to deep-...Read More
For 18 years, Chad Kuske was an active duty Navy SEAL.If you know anything about the SEALs, you know these guys are about as tough as they come.Every year, only about 1,000 recruits actually even make it to SEAL training. And of those recruits, maybe 250 successfully complete that training.The mental and physical endurance necessary to even become a SEAL is something most folks simply don't have a...Read More
Lithium needs a transparent market where demand and supply meet to foster the growth of the sector, attendees heard during the annual Lithium in the South America conference organised by Panorama Minero on Wednesday November 18.The event that normally takes place in Buenos Aires was hosted virtually this year due to Covid-19 related restrictions. Interest around bringing price transparency to the...Read More
Concerns over an oversupply of imported cobalt in China have continued to weigh on prices for the metal in the country's domestic market.Fastmarkets' assessment for cobalt 99.8% Co min, ex-works China dropped to 255,000-268,000 yuan ($38,906-40,890) per tonne on Wednesday November 18, down by 2,000-3,000 yuan per tonne (0.9%) from 258,000-270,000 yuan per tonne on November 13. The latest assessmen...Read More
Companhia Sider??rgica Nacional (CSN) has resumed operations on the No2 blast furnace at its Usina Presidente Vargas (UPV) unit in Brazil's southeastern Volta Redonda city, the steelmaker said on Thursday November 19.The Brazilian steelmaker decided to idle the equipment - which has capacity to produce 1.50 million tonnes per year of crude steel - in May, when demand for steel hit...Read More
Hot-rolled coil prices in the United States have shot above $37 per hundredweight ($740 per short ton) for the first time in nearly two years on a supply-chain squeeze potentially made worse by rising Covid-19 infections, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $37.25 per cwt ($745 per ton) on Thursday November 19, up by 1.7% from...Read More
Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday November 18, due to a combination of low availability, solid demand and a lack of imports, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?630-645 ($748-765) per tonne ex-works on Wednesday, up by ?,?15-20 per tonne from ?,?610-63...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
Reinforcing bar steel prices in the United States continue to hold firm on Wednesday November 18, but some market participants anticipate a scrap-driven price increase could be announced Fastmarkets' assessed steel rebar, fob mill US at $29.75 per hundredweight ($595 per short ton) on November 18, unchanged since September 16. US overviewThe domestic market is stable to trending up, sources said,...Read More
Brazilian flat and long steel import volumes dropped in October 2020, compared with the corresponding month a year earlier, according to figures released by the country's economy ministry earlier this month.Imports of flat steel products fell by 45.71% year-on-year to 69,930 tonnes, from 128,816 tonnes.Brazil did not import any volumes of hot-rolled coil (HRC) from Russia or China in October. Impo...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More
How can we make sense of the election, and can President Trump still win it with the legal challenges? Jim Willie joined Silver Doctors on Thursday, November 19, 2020, for a robust discussion on that and a whole lot more. Only a month ago, Trump was a shoo-in for reelection, and then on election night, everything just kind of stopped, and eventually, the AP called the Presidential race for Joe Bid...Read More
Forecaster Martin Armstrong says we are witnessing a deliberate attempt to take over the world through the World Economic Forum's "Great Reset" which seeks to install global Communism 3.0. It merges three ideologies: Bill Gates being a symbol of the eugenics and depopulation program, George Soros' "Open Society" a key driver of the one-world government, and Klaus Schwab a Marxist at heart who has...Read More
We can't report on the vaccine results yet because - no data! Just cheery press releases. But we can say that The Lancet was caught running a letter from "prominent scientists" that was actually the brainchild of Peter Daszak's organization. So, terrible, awful optics on that.Links:WaPo on Virus Origin: https://www.washingtonpost.com/opinio...Christopher Martenson is a former American biochemical...Read More