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
U.S. equity index futures were higher this morning. S&P 500 futures slipped 2 points in pre-opening trade. European Central Bank announced that it maintained interest rates at current rates.Index futures moved lower following release of the Weekly Jobless Claims report at 8:30 AM EST. Consensus was an increase to 218,000 from 213,000 last week. Actual was 199,000.Canadian Pacific (CP $261.91 C...Read More
Consumption of ferrous scrap in the United Kingdom will continue to increase over the coming years amid an expansion in the UK operations of international metals group Liberty House, Fastmarkets MB's research team believes. UK scrap demand in 2018 is on course to rise for the first time in four years after Liberty restarted a second electric arc furnace (EAF) at its site in Rotherham, northern Eng...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex),...Read More
Seaborne iron ore prices picked up on Thursday January 24 amid rises in futures and swaps markets.MB 62% Fe Iron Ore Index: $74.71 per tonne cfr Qingdao, up $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $75.55 per tonne cfr Qingdao, up $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.40 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium Index: $66.02 per tonne cfr Qingd...Read More
Import prices for steel billet in Southeast Asia staged a slight recovery this week amid limited offers and Turkey's strengthening scrap market, although participants reckon that the billet gains might be short-lived because they were not supported by demand.Fastmarkets' daily import price assessment for billet in Southeast Asia was $450-455 per tonne cfr Manila on Thursday January 24, narrowing u...Read More
A turnaround in sentiment in China sent seaborne coking coal prices higher on Thursday January 24. A miner's tender for a cargo of premium mid-vol hard coking coal with an end-February laycan was concluded at $198.37 per tonne cfr China, sources told Fastmarkets during the day.On trading platform Global Coal, a March-loading cargo of premium hard coking coal in the unbranded segment changed hands...Read More
Chinese steelmakers' narrowing margins and improvements in the supply of Brazilian iron ore have resulted in lower penalties for alumina content in the steelmaking raw material recently, though there are factors that could raise buyers' sensitivity toward this impurity in the coming months. The main driving factor for alumina sensitivity among buyers last year was the robust steelmaking margins in...Read More
Summary of Anglo American's production results for the year ended December 31, 2018.(Full-year total, year-on-year percentage change)Copper production 668,300 tonnes, +15% Iron ore production - Kumba43.1 million...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25It produced 294,700 tonnes of copper during the year, up 14% year-on-year and at the top end of the 270,000-300,000t forecast.Read More
Is there a more attractive stock to buy right now than China Mobile (CHL)?If there is I’d love to hear about it... seriously!I first wrote about how attractive I thought shares of China Mobile were at the start of October.Since then, the stock has outperformed the S&P 500 by more than 13 percent.But I still think it is a table-pounding buy!Let me lay out my investment case today for Chin...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Anglo achieved a 7% year-on-year increase in total quarterly production on a copper equivalent basis, excluding the effect of the Minas-Rio stoppage.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25"BC has the copper advantage," he said.Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Thursday January 24, paring back gains made at Wednesday's close while continued fresh cancelations in LME aluminium and zinc stocks keep price action elevated. Similarly, both tin and lead futures remained well supported over the morning, with the former trading at its highest level since June 2018 and the latt...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday January 24 *Copper -$71.40 (-485.77 yuan) Aluminium -$365.94 (-2,489.66 yuan) Zinc -$52.28 (-355.70 yuan) Nickel -$153.06 (-1041.33 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Construction had crossed the 20% mark, he told Mining Journal in Vancouver. "Our 30-strong team is now fully mobilised to either Reno or Yerrington (the host town).Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The company said the slippage occurred in the early hours of January 23, on the slope of the northern zone of the openpit mine at the mining hydrometallurgical complex in the Seville province.It said the slippage had not caused harm to any people, nor had an...Read More
China hot-rolled coil market was largely stable on Thursday January 24 amid inactivity ahead of the Chinese New Year holiday.DomesticEastern China (Shanghai): 3,720-3,730 yuan ($548-549) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,650-3,670 yuan per tonne, unchangedPrices stayed at "a moderate level," which yields HRC producers profit margins of 250-500 yuan per tonne, several so...Read More
United States-based global miner Freeport-McMoRan has been issued with pre-tax charges of nearly $400 million in penalties and interest related to disputed mining royalty assessments for its Cerro Verde copper mine in Arequipa, Peru.The charges relate to the years 2009 to 2013, and have come after Cerro Verde, in which Freeport owns a 53.56% stake, chose not to appeal a decision by the Peruvian Ta...Read More
Freeport-McMoRan expects its copper and gold production to fall over the next two years due to a long-anticipated transition of its operations in Indonesia, before improving significantly again. The Arizona, United States-based copper producer forecasts consolidated sales of around 3.3 billion lb of copper in 2019, down from 3.8 billion lb in 2018, along with 800,000 oz of gold, also down from 2.4...Read More
A summary of Kaz Minerals' production results for the year ended December 31, 2018.What follows is a full-year total, and...Read More