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 light iron steel scrap market in the United Kingdom has picked up on the low end of its current range amid steady demand from major domestic shredders in the week ended Friday January 25, the first price increase since the start of November.Fastmarkets MB's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?65-90 ($75-104) per tonne on Friday January 25. The...Read More
Equity index futures are higher this morning. S&P 500 futures were up 21 points in pre-opening trade.Starbucks gained $2.20 to $66.94 after reporting higher than consensus fiscal first quarter sales and earnings. Intel dropped $3.52 to $46.24 after reporting lower than consensus fourth quarter revenues. The company also lowered guidance. JP Morgan, Stifel Nicolaus and Susquehanna lowered their...Read More
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday January 25, with continued stock moves prompting both positive and negative price action while continued optimism over US-China trade talks remains supportive of risk appetite. Despite continuing to trade below $1,900 per tonne, aluminium's total traded volumes have led the complex this week....Read More
Seaborne coking coal spot prices maintained its upward momentum on Friday January 25 with buyers snapping up cargoes following price increases earlier this week.A February-loading cargo of premium mid-vol hard coking coal was traded at around $195-196 per tonne fob Australia while a higher-ranked product in the same segment, scheduled for loading in March, change hands at $200 per tonne fob Austra...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday January 25 *Copper -$68.54 (-464.62 yuan) Aluminium -$356.08 (-2,413.67 yuan) Zinc -$82.43 (-558.76 yuan) Nickel -$244.52 (-1,657.43 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
China's domestic rebar prices moved up on Friday January 25 amid gains in the billet and futures markets, but those in the export segment remained flat on weak demand.Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($546-552) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,700-3,740 yuan per tonne, up 30-40 yuan per tonneSteel billet and rebar futures both rose in comparison with a...Read More
A rare, predatory and invasive species is on the loose...This fi-fo-fum presently besieges a small village high in the Alps of Switzerland.But it has designs on the world.It is a Rolexed, Gucci-ed homunculus anthropologists call Homo Davos - Davos Man.Each year he descends upon the Swiss resort. There he lives a gorgeous week in the company of his fellows.Why Davos?No coincidence, we hazard, that...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Low-grade manganese ore prices have clawed back some losses after three consecutive weeks of decline, with some miners holding firm on offers amid increased demand.Fastmarkets' 37% manganese ore index, fob Port Eizabeth, climbed 12 cents per dry metric tonne unit to $5.11 per dmtu on Friday January 25 a week after dropping below $5 per dmtu for the first time in nearly 14 months. Fastmarkets'...Read More
The following Fastmarkets minor metals prices changed on Friday January 25:Minor metalsCadmium MB free market min 99.99%, cents/lb: 130-136 per lb from 126-135Chromium MB free market alumino-thermic, $/tonne: $9,450-9,950 per tonne from $9,600-9,950Cobalt MB free market alloy grade, $/lb: $19.00-21.00 per...Read More
Chinese cobalt metal imports fell dramatically in 2018, with the most significant drop in the second half of the year after the Europe-China price arbitrage negatively affected import appetite in the Asian country. Only 1,020 tonnes of cobalt metal were shipped to China in the whole of last year, down 63.3% from 2,785 tonnes in 2017, according to data obtained via Fastmarkets sources. Import volum...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 25.China The domestic ferro-chrome spot price stalled in quiet trading conditions. Chinese stainless steel mills showed little interest in buying extra cargoes after releasing their February ferro-chrome tender prices early in the week. The import charge chrome price ticked...Read More
The silico-manganese market surplus for November was significantly smaller than initial estimates, according to a series of amendments made by the International Manganese Institute. The market was in surplus by 111,000 tonnes, the IMnI said, revising its figures down from 211,000 tonnes. World supply in November was 1.48 million tonnes, revised from 1.6 million tonnes. Demand was 1.37 million tonn...Read More
All Fastmarkets non-ferrous European scrap prices were unchanged on Friday January 25.Read More
A large spread between bulk-shipment and containerized ferrous scrap shipments to Asia is helping spot prices to rise.Limited supply and healthy demand in the key markets of Vietnam, Taiwan and South Korea have added to the upward pressure on prices in import markets.Vietnam Import prices into the Southeast Asian nation rebounded this week on healthy end-user demand. Fastmarkets MB's import price...Read More
Key data from the Wednesday January 23 pricing session in Asia.Key driversWeak seasonal demand in Japan pressured export prices for aluminium ADC 12 alloy into main Japanese ports (MJP). The recent depreciation of the Japanese yen against the dollar dampened buying interest from Japanese participants. Japanese companies have begun destocking in anticipation of their fiscal year end in March....Read More
Nicolas Carter is an executive vice-president of uranium at UxC LLC, one of the nuclear industry's market research and analysis companies. Carter has 21 years of nuclear industry experience. He manages and coordinates uranium consulting projects and products, including The Ux Weekly, Uranium Market Outlook, Uranium Suppliers Annual and Uranium Production Cost Study. During his career he has provid...Read More
Pacific Bay Minerals (TSXV: PBM) has extended the Meteor Boot zone 20 metres southeast at its Haskins-Reed polymetallic project in northern B.C. with a recent seven hole, 448-metre drill program.The company tested targets near the Meteor zone, where 2011 drilling cut 17.5 metres grading 88.35 grams silver, 1.11% lead and 3.39% zinc.Highlights from the company's recent drill program include 5.2 met...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The following day, as she is a very light drinker, my wife declared that for her to commit to a sacrifice of...Read More
Barrick Gold Corp.'s new chief executive officer, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia."We're engaged with the government in a constructive way," he told reporters at a press conference in the Ivory Coast's economic capital, Abidjan. "We don't believe that threatening one's partner is a constructive way to go about solving problems."Mining co...Read More