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 scrap prices were likely to show further increases because of surges in iron ore prices, Fastmarkets heard during the week ended Friday February 8.Integrated steelmakers were expected to raise their offer prices for downstream steel products due to the increased costs of iron ore and pellets. They were also expected to be able to digest higher ferrous scrap prices to secure more steelmaking...Read More
European alloy steel scrap prices continued their upward trajectory this week on the back of further gains in the nickel market. Having fallen throughout the second half of 2018, nickel prices have risen largely unchecked since the turn of the year. This, in turn, has pulled up austenitic alloy scrap prices, with nickel being the primary alloy component in these grades of stainless steel. In...Read More
Export pig iron prices from Brazil have gone up due to mills being sold out until April, while iron ore costs have increased following an incident at one of Vale's mines in Brazil, Fastmarkets was told on Friday February 8.Fastmarkets' weekly price assessment for pig iron exports from the southeastern Minas Gerais region was $316-325 per tonne fob on February 8, increasing from $310-316 per tonne...Read More
The price of shredded ferrous scrap imported into India rose for the third consecutive week, mirroring the uptick in Turkish scrap prices, market participants said on Friday February 8.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $342.67 per tonne cfr on February 8, up by $14.26 per from $328.41 per tonne cfr Nhava Sheva on February 1.Deals heard for shr...Read More
Cobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsDelivering a 90-minute keynote presentation to Benchmark Mineral Intelligence's Cape Town World Tour stop this week, Friedland named air pollution - or airpocalypse - as the single biggest issueRead More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe eight drill holes reported ere were designed to explore the upper 150m of Bx 6, the northernmost outcropping breccia pipe identified to date.Read More
Anglo Asian Mining is aiming for 82,000-86,000oz gold-equivalent, up from the previous year's guidance of 78,000-84,000oz and actual 2018 output of 83,736oz.This is expected to be split between 65,000-67,500oz of gold and 3,100-3,300 tonnes of copper, up from the 72,798oz and 1,645t produced in 2018, respectively.Anglo Asian attributed the higher copper forecast to 2019 being the first full year o...Read More
Light iron steel scrap prices in the United Kingdom increased for the third consecutive week, tracking strengthening European export prices to Turkey and India in the week to Friday February 8.The move to higher prices is the third increase since the start of November 2018, and puts the market at a level last seen on December 8. The market was at annual peak of ?100-130 per tonne in March 2018.Fa...Read More
Turkish deep-sea scrap import prices went up on Friday February 8 following several new transactions at higher levels, sources told Fastmarkets MB. A steel mill in the Marmara region booked a US cargo comprising 4,000 tonnes of heavy melt scrap (HMS) 1&2 (90:10) and 21,000 tonnes of shredded for an average price of $335.50 per tonne cfr. Another US cargo was booked by a steel mill in the Iskenderu...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resources"This is an important milestone for the project because we are now demonstrating the real potential of a larger resource at Marimaca," CEO Luis Tondo, told Mining Journal.Read More
Seaborne iron ore prices stayed largely flat on Friday February 8 with China's week-long public holiday coming to an end, though there was some activity in the high-grade segment.MB 62% Fe Iron Ore Index: $85.53 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $86.37 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $87.32 per tonne cfr Qingdao, unchange...Read More
Fears over a possible disruption of supply among seaborne coking coal market participants largely subsided on Friday February 8 amid improving weather conditions in North Queensland, Australia, keeping prices unchanged.Sources said berthing operations at the Dalrymple Bay Coal Terminal (DBCT) in the Australian state were set for resumption during the day following interruptions attributed to adver...Read More
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.05 cents to $2.8470 per lb. Market activity remains stunted with Chinese participants sidelined due to the Lunar New...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.The Canadian Dollar gained 0.34 to 75.51 cents U.S. following release of Canada's January Employment Report at 8:30 AM EST. Consensus was a drop to 5,000 from 9,300 in December. Actual was 67,000. Consensus for January Employment Rate was an increase to 5.7% from 5.6% in December. Actual...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday February 8:Minor metalsCadmium MB free market min 99.95%, cents/lb: 133-143 cents per lb from 127-132Cadmium MB free market min 99.99%, cents/lb: 133-143 cents...Read More
European stainless steel producers expect the definitive EU safeguarding measures to reduce the volume of imports arriving in the EU, while distributors were less convinced that these measures will be any more effective than the provisional ones that preceded them.The definitive measures, which came into effect on February 2, 2019 and will run until June 30, 2021, differ from the provisional measu...Read More
Mike and Susan are close family friends of mine.We get together frequently to catch up on life, family, boating and we occasionally talk investments.Even in retirement, Mike and Susan know the importance of continuing to grow their wealth.But recently over dinner, Mike spoke about one mistake that could end up costing their family BIG TIME down the road, which is why I want to explain the situatio...Read More
"Dog whistles," Jim Rickards calls them.Through these signals, in frequencies beyond the normal hearing... elites communicate with each other.The messages themselves are not in fact silent - they are audible to anyone with open ears.But open ears are not necessarily knowing ears…Only the intended audience can penetrate their true meaning.That audience is their fellow elites and policymakers....Read More
The president appeared before the American people last night.Markets waited for good news - or bad news - to come issuing from his mouth.Would he announce a pending China trade deal?Conversely, would he threaten another shutdown if Congress won't fund the wall... or announce a state of emergency?Markets could swing in either direction, depending.But nothing sensational was forthcoming…No c...Read More