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
Global ferrous scrap prices recovered earlier losses and moved upward during the week ended Friday January 25, with a number of deals being done at higher prices, Fastmarkets heard throughout the week.Prices into Turkey moved up after new deep-sea cargo bookings, which also helped to push up export scrap prices from the United States. Good demand increased scrap prices in Asia, while India made ga...Read More
UK alloy steel scrap prices were stable this week, with firmer nickel and molybdic oxide prices being offset by stronger sterling versus the euro.With the majority of UK scrap being shipped to the European continent, any increase in the value of sterling must be balanced by lower prices in order to keep cargoes competitive.Therefore, UK scrap prices were largely stable this week. The price of 18/8...Read More
The price of shredded ferrous scrap imported into India went up this week after deals were agreed at higher prices, market participants said on Friday January 25.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $322.34 per tonne cfr Nhava Sheva on January 25, up from $318.73 per tonne cfr Nhava Sheva on January 18.Deals for shredded material were heard done at $...Read More
Comex copper prices rebounded on Friday January 25 after three straight declines amid a lower dollar and a round of technical buying. The copper price for March settlement on the Comex division of the New York Mercantile Exchange surged 5.35 cents to $2.6980 per lb. Market participants remain wary of commodity markets, though, with Chinese and...Read More
The South Arturo gold mine on the Carlin Trend, Elko County, Nevada, a joint venture between Premier Gold Mines and Barrick Gold. Source: Premier Gold Mines Ltd.Premier Gold Mines Ltd. [PG-TSX, PIRGF-OTC] on Friday January 25 announced a US$68 million financing package to fund project development.The multi-pronged financing package includes a credit facility with Investec Bank for US$50 million an...Read More
Edward Meir of INTL FCStonetopped the base metals leaderboard in the Apex fourth-quarter 2018 contest, with an accuracy rating of 98.51%, while SP Angel were top of the precious metals table with 97.53% accuracy.For steel raw materials, Fastmarkets topped the leaderboard with 93.38% accuracy.Click on the image below to download the full report.Second in the base metals leaderboard was Caroline Bai...Read More
Drilling the Goldstack Zone at the Plateau Project, Yukon. Source: Goldstrike Resources Ltd.Goldstrike Resources Ltd. [GSR-TSXV] on Friday January 25 said that Newmont Mining Corp. [NEM-NYSE] has elected to drop its option to earn an interest in Goldstrike's 100%-owned Plateau property in the Canadian Yukon.Investors reacted to the news by sending Goldstrike shares down 14.3% or $0.01 to $0.06 o...Read More
Gold prices finished lower on Thursday, with the metal's short-term prospects linked to a firmer dollar, but investors keeping watch over the impact of the partial shutdown of the U.S. government and ongoing U.S.-China trade dispute. Longer term, most analysts remain upbeat in their outlook for precious metals as a mixed picture for the economic outlook and major global issues, including those tra...Read More
Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More
INTL FCStone's Edward Meir took the top spot on Fastmarkets' Apex 2018 yearly base metals leaderboard with an accuracy rating of 98.75%.In second place for base metals was Capital Economics' Caroline Bain with an accuracy rating of 98.25%, while Fastmarkets was third with 96.75%. Citi and CLSA's Andrew Driscoll were in joint fourth place with 96.69%.In the precious metals category, Georgette Boele...Read More
(Updates with closing prices, aluminium technicals)By Eric OnstadLONDON, Jan 25 (Reuters) - Zinc prices hit their highest inthree months on Friday on worries that weak refined output inChina could send the global market into deficit.Lead also hit a three-month peak after inventories dwindled,while the wider industrial metals market was boosted by asliding dollar."The big question in zinc is s...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Ontario electricity consumers will benefit from about $200 million in cost savings from operational efficiencies at Bruce Power, putting more than $5 million per month into consumers' pockets over the next three years.Provisions built into the Bruce Power Refurbishment Implementation Agreement with the Independent Electricity System Operator (IESO) ensure that the people of Ontario benefit from an...Read More
China's domestic spot battery-grade lithium carbonate price weakened on Thursday January 24 after some suppliers sold at lower levels to boost cash flow ahead of the Lunar New Year holiday, while the battery-grade lithium hydroxide price in China and those in the rest of the world were unchanged. Battery-grade lithium carbonate prices edged down on cheaper concluded deals. Lithium hydroxide prices...Read More
Coated steel prices in Turkey were stable in the week ended Friday January 25, with some producers closing their sales books because they were planning to increase prices.The producers wanted to wait and see whether price increases for hot-rolled coil (HRC) would be accepted by the market, before announcing new prices, sources told Fastmarkets.Fastmarkets' weekly price assessment for Turkish domes...Read More
Most flat steel import prices decreased in South America during the week ended Friday January 25, but hot-rolled coil (HRC) was boosted by higher demand and a slight recovery.Fastmarkets assessed the HRC import price in South America at $525-540 per tonne cfr on January 25, up from $520-530 per tonne a week before. This was the highest price since December 7 last year.With Chinese export prices go...Read More
It's that time of year again where everyone starts to think about filing their tax return.But let me ask you a simple question:Why do we pay taxes?What's the point?What is the reason for taxes?You might be thinking something like: Well, duh, Luke. Taxes obviously pay for things like roads, police, teachers, military, firefighters, libraries, park rangers, and countless other social services... don...Read More
Some steel coil prices in Turkey increased this week because of the high cost of scrap and other global price increases, but demand continued to be low, sources told Fastmarkets on Friday January 25.Demand has been poor in the country since August 2018, when relations between Turkey and the United States deteriorated. The Turkish lira lost value against the US dollar after US President Donald Trum...Read More
Beam prices in the United States' domestic and import markets are steady for now but industry sources are eyeing softening market conditions moving forward. Fastmarkets' assessment for domestic W8- x 8-in beams were flat at $41.75 per hundredweight ($835 per short ton) on Thursday January 24. At the same time, imported beams held at $780-820 per ton ($39-41 per cwt) delivered duty paid p...Read More
In his latest Discovery Watch interview, John Kaiser who runs Kaiser Research Online sees some encouraging signs from recent developments the Nevada Exploration (NGE) South Grass Valley Project. Meanwhile, hopes of a clear path towards finding a large world-class resource at the Westhaven Ventures (WHN) Shovelnose project suffered a setback this week, even as the main story of a high-grade discov...Read More