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
Base metals prices on the London Metal Exchange continued their uptrend at the close of trading on Friday January 4, buoyed by strong gains in the US stock indices while depleting LME stocks keep prices elevated. Copper's three-month price was the best performer over the afternoon, gaining more than 3% and reaching an intraday high of $5,933 per tonne. The metal's three-month price has been t...Read More
Comex copper prices staged a major recovery in the final morning trading session in the United States, amid a strong December jobs report.The copper price for March settlement on the Comex division of the New York Mercantile Exchange recovered 3.90 cents to $2.6070 per lb.Earlier this morning, the latest jobs report showed 312,000 Americans joined the labor market, shattering expectations of 179,0...Read More
Physical iron ore prices continued to strengthen on Friday January 4, but buyers remained hesitant, especially around seaborne cargoes.MB 62% Fe Iron Ore Index: $73.10 per tonne cfr Qingdao, up $0.48 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.93 per tonne cfr Qingdao, up $0.48 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.90 per tonne cfr Qingdao, up $0.78 per tonne. MB 58% Fe Prem...Read More
Cost estimating is a niche practice in any industry; however the mining business brings unique challenges. Cost estimating must be considered at nearly every stage of a project's development to inform investors and to de-risk decisions.Investors need the comfort of knowing that project decisions are as unbiased as possible, from the first resource definition through to development. Exploration...Read More
The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila's rule. One thing is certain: the mining world is watching closely.Congo, which held presidential polls on Dec. 30, is one of the world's most important but difficult mining jurisdictions. Companies including Glencore Plc, Barrick Gold Corp. and China Molybdenum...Read More
Democratic Republic of Congo revised down its estimate of cobalt production for the first nine months of 2018, to 81,292 tonnes from an earlier estimate of 115,116 tonnes, central bank data showed on Friday.The revision means that output of cobalt, an important component of electric car batteries, rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said prev...Read More
Global markets plummeted this week on China slowdown worries, dragging industrial metals prices along and increasing future demand concerns, which has prompted analysts to question whether Beijing is doing enough to address the country's economic contraction.BMO analyst Colin Hamilton said in a note to investors Friday there were many questions in the metals market raised by the trend in China of...Read More
Cost estimating is a niche practice in any industry; however the mining business brings unique challenges. Cost estimating must be considered at nearly every stage of a project's development to inform investors and to de-risk decisions.Investors need the comfort of knowing that project decisions are as unbiased as possible, from the first resource definition through to development. Exploration...Read More
Transaction prices in Europe for grade-304 cold-rolled (CR) sheets decreased this week on the back of sharp reductions to the January alloy surcharges.The January alloy surcharge for 2mm grade-304 cold-rolled (CR) stainless steel sheets - based on data published by producers Outokumpu, Aperam and Acerinox - is at ?,?1,242-1,294 ($1,413-1,472) per tonne, down by ?,?58-91 per tonne from the December...Read More
Due to a reporter error, the following fortnightly prices were inadvertently published by Fastmarkets on Friday January 4 and therefore should be ignored. Ferro-chrome 0.10% C average 65-70% Cr major European destinations $ per lb Cr Ferro-chrome 0.06% C max - 65% Cr European low carbon in warehouse $ per lb Cr Ferro-chrome Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%,...Read More
The price ranges for A380.1 and 356.1 secondary aluminium alloy edged down on Thursday January 3, pressured by persistent weakness in London Metal Exchange aluminium prices.Fastmarkets AMM's benchmark A380.1 price fell by 1 cent on the low end and 2 cents on the high end to 85-86 cents per lb on Thursday, its lowest level since February 2017. The assessment for 356.1 alloy slip...Read More
The benchmark for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2019 has settled in a premium range of $83-85 per tonne cif over the London Metal Exchange price, the lowest level in more than two years, sources directly involved in the negotiations disclosed to Fastmarkets MB.The latest settlement represents an 18% decrease from the fourth-quarter benchmark of $103 p...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The first quarter 2019 benchmark aluminium premium to main Japanese ports (MJP) has settled at $83-85 per tonne with at least 33,000 tonnes of deals confirmed. Story...Read More
Comex copper prices staged a major recovery in the final morning trading session in the United States, amid a strong December jobs report.The copper price for March settlement on the Comex division of the New York Mercantile Exchange recovered 3.90 cents to $2.6070 per lb.Earlier this morning, the latest jobs report showed 312,000 Americans joined the labor market, shattering expectations of 179,0...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedBMO analyst Colin Hamilton said in a note there were many questions in the metals market raised by the trend in China of positive fiscal spending statements, but weak consumer-led data points, whichRead More
Jiangxi Copper, one of the China's top copper producers, has purchased a majority stake in a facility in Yantai as part of a rare move of consolidation among state-owned copper smelters, according to an exchange filing on Thursday January 3.The multi-year long discussion between Jiangxi Copper and the operator of the Yantai Guorun smelter has finally been concluded, with the former agreeing to buy...Read More
Nexans' Marie Francoise Levelt retired from her position as director of metal trading at the end of December 2018, Fastmarkets has learned.Levelt joined the Paris-based cable maker in 1981 with a major...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe initiative uses a proprietary technology to reprocess old and fresh tailings of Codelco Chile's El Teniente division to recover copper and molybdenum.Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in December 2018.The case list below includes only updates. For other...Read More