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 base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc.But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains in...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesCopper production in Q4 was up 8.5% year-on-year to 14.Read More

Turkish billet prices made a downward correction on Thursday January 14 in line with negative sentiment in the scrap market and limited demand for the material. Market participants said they expected a slight downward correction in scrap prices, which resulted a slight decrease in billet prices in Turkish domestic, export and import markets. Fastmarkets' weekly price assessment for steel bill...Read More

Look beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020...Read More

China large cap iShares (FXI) moved above $48.71 extending an intermediate uptrend after China's December trade data beat consensus.Cintas (CTAS), a NASDAQ 100 stock moved below $334.13 setting an intermediate downtrend. Pre-opening Comments for Thursday January 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Delta Airlines add...Read More

Ferrous scrap exports from the United States were marginally lower month on month in November, with shipments to Bangladesh, Turkey and Mexico all declining, according to the latest figures from the US Census Bureau.US exports of ferrous scrap totaled nearly 1.49 million tonnes in November, down by 0.4% from 1.49 million tonnes in October but still up from almost 1.18 million tonnes in September.S...Read More

Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) has reported a steep increase in output and sales in the fourth quarter of 2020 due to recovery in the European steel industry from the consequences of the Covid-19 pandemic and a gradual restart of steelmaking capacities.Improved demand for blast furnace coke across the EU due to the restarts had a positive effect on JSW's results for the...Read More

British steel scrap suppliers have achieved hefty price increases for steel scrap grades delivered monthly to domestic consumers for January amid a surge in demand for exports, industry sources told Fastmarkets this week. The UK steel scrap consumer market has extended monthly prices increases for the third month in a row, citing reduced scrap generation for the past several months that is showing...Read More

Turkish steel producers continued to hold back from deep-sea scrap purchases with sentiment turning negative, sources told Fastmarkets on Thursday January 14.Since a number of steel scrap cargoes were booked at the end of last week, mills have been quiet.The number of offers from suppliers in the United States and Russia, however, has increased, according to sources."Suppl...Read More

In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.In March, however, when the steel industries of Europe and the United States began to feel the effects of various national lockdowns, the Chinese market began to recover and soon resumed normal operating rates. Thus, Chin...Read More

Iron ore prices went up on Thursday January 14, sources told Fastmarkets, supported by a rebound in futures, with lump performing well at Chinese ports due to tight supplies. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.36 per tonne, up $2.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.78 per tonne, up $1.88 per tonne58% Fe fines high-grade premium, cfr Qingdao:&...Read More

Despite edging down on Thursday January 14, seaborne coking coal prices are now gaining strength across the board after a bumpy few days in the fob market, sources told Fastmarkets. Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.89 per tonne, down $0.49 per tonnePremium hard coking coal, cfr Jingtang: $208.57 per tonne, down $0.38 per tonneHard coking coal, fob DBCT: $9...Read More

The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mixed this morning, Thursday January 14, with prices generally holding up in high ground but some weakness is showing up on the charts in the likes of zinc. But reports that US President-elect Joe Biden is considering a fiscal relief package that could be as large as $2 trillion may well underpin further gains i...Read More

China's stainless steel prices continued to rise over the week ended Wednesday January 13 amid a positive outlook for end-user demand and a recovery of the nickel market. Nickel prices rose this week after Philippine President Rodrigo Duterte ordered the closure of mining operations on Tumbagaan Island in Languyan, in the province of Tawi-Tawi. The three-month nickel contract on the London Metal E...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 17.55-18.10 on Thursday...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.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 17.65-18.20 on Thursday...Read More

Key data from Fastmarkets' pricing session in London on Wednesday January 13.Key drivers Antimony prices increased sharply for both grades, continuing an uptrend, with some consumers securing cargoes of big volumes - in some cases one hundred tonnes or more - in expectation of further increases and more intense raw material tightness in China and shipping...Read More

The cobalt intermediates spot payable has surged to 90% on the high end - a fresh historical high - this week against the backdrop of tight supply and healthy demand. Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 88-90% against the standard-grade cobalt metal price (low end) on Wednesday January 13, up by 2% from 86-88.5% on January 8. The l...Read More

South Africa's chrome and manganese producers are facing competition with each other to secure trucking capacity amid Covid-19-related logistical disruptions and an impending rail shutdown, sources told Fastmarkets on Thursday January 14.Severe congestion at South Africa's Lebombo land border crossing in the past two weeks has led to delayed deliveries of chrome ore to the port of Maputo in Mozamb...Read More

Shipments of metals, ores and alloys from South Africa in the week to Thursday January 14 were still subject to delays and logistical disruptions caused by Covid-19-related restrictions.Chrome deliveries to the port of Maputo in Mozambique have been severely disrupted over the past two weeks amid queues as long as 25km at Lebombo, a major land border crossing. And the cobalt intermediates payable...Read More