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
Export prices for pig iron from Brazil increased further during the week ended Friday February 15 on higher iron ore costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for pig iron exports from the southeastern Minas Gerais region jumped to $340 per tonne fob on February 15 from $316-325 per tonne fob a week earlier.A deal to the United States was done during the week at $34...Read More
German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonn...Read More
Global scrap prices were likely to fall soon in the wake of a recent surge across many markets, with concern among market participants about whether higher priced deals were sustainable, Fastmarkets heard during the week ended Friday February 15.Turkish mills stepped back from purchasing deep sea cargoes this week, with prices remaining stable throughout the week as a result.This withdrawal knocke...Read More
The price of shredded ferrous scrap imported into India went up on higher deals and offers heard this week but a correction is expected soon, market participants said on Friday February 15.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $345.50 per tonne cfr on February 15, up from $342.67 per tonne cfr on February 8.Deals for shredded material into India w...Read More
Miner Vale has announced a fire has caused damage to its iron ore distribution center in Malaysia on Friday February 15. The fire caused material damage and took place in the one of the transfer houses of the conveyor belt system of the center,...Read More
The seaborne coking coal market remains insulated from the severe supply disruption affecting the other steelmaking raw material, iron ore, sources said on Friday February 15 amid a softening of prices for the former.A May-laycan cargo of premium hard coking coal in the branded segment was traded on trading platform Global Coal at $205 per tonne fob Australia during the day. This is the same price...Read More
The Alliance for the Development of Additive Processing Technologies (ADAPT), an industry-academia consortium at Colorado School of Mines that advances data informatics and advanced characterization technologies to optimize for additive, welcomes new member Lithoz, the world leader in development and production of ceramic materials and additive manufacturing (AM) systems. Lithoz connected with AD...Read More
A fire at Korea Zinc's Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.The fire, which lasted for around half an hour, took place in the plant's power transformer, according to local daily newspaper JoongAng Ilbo.London Metal Exchange three-month zinc futures have risen 1.4% from yesterday's close to $2,591 per tonne as of 9...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 15* Copper -$164.8 (-1,119.32 yuan) Aluminium -$327.88 (-2,226.91 yuan) Zinc -$77.01 (-523.04 yuan) Nickel -$115.55 (-784.78 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Klondike Gold Corp. (TSXV: KG; Frankfurt: LBGF; OTC:KDKGF) has a 557-sq.-km land package in Yukon, not far from where Goldcorp Inc. (TSX: G; NYSE: GG) is developing the 1.67 million oz., construction-stage Coffee gold project and White Gold Corp. (TSXV: WGOK; NYSE: KGC) is working on its 960,000 indicated oz. Golden Saddle development-stage project.Klondike President, CEO and Director Peter Tallma...Read More
Kinross Gold (TSX: K; NYSE: KGC) produced 2.45 million gold-equivalent ounces last year with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. sold on a by-product basis of US$1,287, down from US$1,308 per oz. in 2017.The Toronto-he...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Due to an input error, Fastmarkets' price book entry for European grade-553 silicon briefly showed an incorrect value on Friday February 15.The correct price, as assessed on February 15, for silicon, grade 553, min 98.5% Si, in-warehouse Rotterdam, is ?,?1,800-1,860 ($2,030-2,098) per tonne.Fastmarkets' price book and database have been updated accordingly.The weekly assessments for this price hav...Read More
The following Fastmarkets minor metals prices changed on Friday February 15:Chromium MB free market alumino-thermic, $/tonne: $8,800-9,650 per tonne from $9,000-9,950Cobalt MB free market alloy grade, $/lb: $15.90-17.95 per lb from $16.60-18.85Cobalt MB free market standard grade, $/lb: $17.00-19.30 per lb from $17.30-19.45Cobalt...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. Read More
Fastmarkets proposes to launch a monthly Italy domestic grade E40 shredded steel scrap ?,? per tonne delivered to Italian mill price assessment. The introduction of the price will expand Fastmarkets' Italian scrap market coverage, complementing its monthly assessments for domestic E3 and E8 grade scrap in Italy. The launch of the new price will allow Fastmarkets to cover all main grades of the mat...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday February 15:Aluminium ingotDuty paid delivered works pressure diecasting ingot...Read More
Turkish scrap import prices have started to show some negative signals, with slightly lower offers from Baltic Sea suppliers, while demand from Turkish producers was very sluggish, sources said on Friday February 15.But there was news heard on Friday of a fresh Baltic Sea cargo, which was the only transaction this week. A steel mill in the Izmir region booked the cargo, which comprised 25,000 tonn...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers.Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any more Vale shares on Jan. 26, the day after a dam filled with mining waste burst its banks, killing hundr...Read More