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
Turkish scrap import prices recovered at the end of the week on Friday March 1 with news of a fresh deep-sea cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $310.50 per tonne and 5,000 tonnes of bonus at $320.50...Read More
Oscar Gonzalez Rocha, CEO of Southern Copper Corp. Source: Southern Copper Corp.Southern Copper Corp. [SCCO-NYSE, Lima] is expected to soon receive a construction license for its long delayed US$1.4 billion Tia Maria copper project in Peru.Reuters news service is reporting that Peru is expected to grant the license ahead of the lapse of the project's environmental permit in August 2019.Companies i...Read More
South Star Mining's Santa Cruz graphite project in Bahia State, Brazil. Source South Star Mining Corp.South Star Mining Corp. [STS-TSXV; STSBF-OTCQB] said Friday March 1 that it has completed the first tranche of a previously announced $500,000 private placement that will be used to advance the company's flagship Santa Cruz graphite project in Brazil.South Star shares were active on the news, risi...Read More
Table 1: Composite of Reverse Circulation (“RC”) Drill Results at Portal 3060To view an enhanced version of Table 1, Click HereFigure 1: Map of Reverse Circulation ("RC") drill locations proximal to the 3060 Portal.Figure 2: Map of completed RC Drill Program (Phase 1 and Phase 2) on historic terraces.Results on the Phase 1 and Phase 2 targets of the historic terraces will be released i...Read More
Gold prices settled at a two-week low Thursday, giving up earlier gains in the wake of an abrupt end to the U.S.-North Korea denuclearization talks, with a stronger-than-expected reading on the U.S. economy contributing to the metal's loss for the month. U.S. President Donald Trump cut short a summit with North Korean leader Kim Jong Un after failing to reach an agreement on curbing North Korea's...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Ontario's government is working for the people of Northern Ontario by supporting tourism and economic development in Sault Ste. Marie with an investment in the Canadian Bushplane Heritage Centre, creating three new jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced an investment of $507,600 to help the Bushplane Centre develop new...Read More
Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More
The Chinese domestic lithium hydroxide price fell by 1.5% on Thursday February 28 due to unimproved downstream demand while the lithium carbonate market was steady week on week after most producers stood firm on offer prices. The Chinese battery-grade lithium carbonate price was unchanged on steady producer offers. Lithium hydroxide prices drifted lower in China on thin buying activities.&nbs...Read More
Indian flat steel producers were likely to increase their prices for March sales of hot-rolled coil (HRC) in line with rising international prices for the commodity, Fastmarkets heard on Friday March 1.Officials from at least two Indian mills confirmed that domestic HRC prices will be raised for March sales, estimating the increase to be in the range of 1,000-1,500 rupees ($14-21) per tonne."We wi...Read More
Mexico faces a hurdle that's bigger than any wall Donald Trump could ever build...Our southern neighbors have a gas problem - a natural gas problem, to be exact.It's pretty simple: Mexico already consumes much more natural gas than the country can possibly produce. And it's gonna need much more of the fossil fuel over the next several decades.Anyone can see the dilemma. But while Mexico has the pr...Read More
Some steel coil prices in Turkey decreased in the week ended Friday March 1, with buying activity remaining subdued.The market was unlikely to improve in March because of the uncertainty before mayoral elections to be held in the country on the last day of the month, sources told Fastmarkets. Market participants wanted to see if end-user demand would improve after the elections were complete.Buyer...Read More
Starting in the second segment of his latest interview with Jim Goddard, INK CEO Ted Dixon gives an overview of the outlook for Canadian stocks drawing on the most recent Insights weekly newsletter. Broadly speaking, insiders remain upbeat about their prospects going forward, particularly in the oil patch where stocks have undergone a correction to reflect commodity pricing troubles.He does, howe...Read More
In my latest Howe Street interview with Jim Goddard, I make the case Justin Trudeau and his cabinet can no longer effectively govern. The obstacles facing the Trudeau regime go beyond the question of whether a law may have been broken by him or his government in trying to get the Attorney General of Canada at the time, Jody Wilson-Raybould, to change her mind on prosecuting SNC-Lavalin (SNC). Lea...Read More
China's hot-rolled coil exporters continued to aim for higher prices on Friday March 1 following futures-led gains in the domestic market.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($574-577) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,760-3,820 yuan per tonne, up 20-60 yuan per tonneFurther gains in the future market gave spot prices more upward momentum during the day.T...Read More
Brazilian domestic flat-rolled steel and reinforcing bar prices fell during the week ended Friday March 1, with discounts from past months consolidating in the market due to low demand.Fastmarkets' monthly price assessment for Brazilian domestic hot-rolled coil was 2,425-2,470 Reais ($649-661) per tonne ex-works on March 1, down from 2,470-2,650 Reais per tonne ex-works a month earlier.The as...Read More
Prices for domestic beams in the United States have risen after recent mill hikes were passed through to the marketplace, while import beam prices dipped on confirmed lower-priced purchases from Luxembourg, Spain and the United Arab Emirates.Fastmarkets AMM assessed the price for domestic W8x8-in beams at $43.25 per hundredweight ($865 per short ton) fob mill on Thursday February 28, up 3.6%...Read More
Domestic prices for rebar in Poland have been supported by strong demand this week, sources told Fastmarkets on Friday March 1.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,200-2,320 zloty ($581-613) per tonne ex-works on March 1, compared with 2,220-2,320 zloty per tonne ex-works a week earlier.The assessment reflected deals and offers heard in the market. Alth...Read More
Global steel scrap prices began to edge up in Turkey this week while other key markets continued to lose ground, Fastmarkets heard during the week ended Friday March 1.Turkey succeeded in recovering some of its recent losses in new bookings, but these remained sparse and mills were still reluctant to enter the market. The US market continued to stagnate while prices in Asia edged down further due...Read More
The price of shredded ferrous scrap imported into India fell by $11 per tonne this week following deals done at lower prices, sources told Fastmarkets on Friday March 1.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $328.33 per tonne cfr on March 1, down $11.11 per tonne from $339.44 per tonne cfr on February 22.Deals were heard for shredded material into...Read More