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
Asia's hot-rolled coil markets are now seeking bright spots after price falls in the region eased.Prices have rebounded in the past week in the key regional market China of while the monsoon season in India is approaching its end."It is possible that the price drops have stopped and the bottom has been reached," a buyer source in Vietnam told Fastmarkets on Friday September 13.Supply of Indian HRC...Read More
The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity's outright price fall by 2.6%.Volumes traded in copper over the afternoon were moderate, with some 17,000 lots exchanged by the close, while the red metal's closing price of $5,870 per tonne...Read More
Gold is an important export for Australia, while concentrated milk is an important export for New Zealand.One can use the spot price of gold and skim milk powder futures prices together to gauge the potential for future AUD/NZD price action.At present, further AUD/NZD volatility can be expected, as while the gold/milk ratio is ticking down, short-term AUD/NZD yield differentials are rising (from b...Read More
London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on Sunday October 27. Below is a list of the events and functions scheduled for the week. Please be aware that many events are private entry and admission is strictly by invitation only. Sunday 27 October 6:45pm - Marex Spectron Dinner, The Savoy Hotel, Strand, WC2R 0EZ Monday 28 Oct...Read More
The seaborne coking coal market remained quiet on Monday September 16 despite the return of Chinese participants after a long weekend due to the Mid-Autumn Festival last Friday.Premium hard coking coal, fob DBCT: $148.15 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.76 per tonne, unchangedHard coking coal, fob DBCT: $131.75 per tonne, unchangedHard coking coal, cfr Jingtang: $15...Read More
Demand for safety assets has diminished, undermining gold's price.Yet gold's currency component is showing signs of strengthening.A weaker dollar and commodity market rebound will boost gold demand.Gold and gold mining stocks suffered a setback in the first half of September, thanks in part to diminishing trade war fears. But while gold's "fear factor" is on the wane, the yellow metal's cu...Read More
Turkish domestic scrap prices have gone down over the past seven days on weakening imported scrap values, sources said on Monday September 16.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,400-1,575 ($245-276) per tonne on Monday, down from last week's TRY1,445-1,650 per tonne.Steel mills and a major scrapyard have decreased their buy...Read More
Improved sentiment in the ammonium paratungstate (APT) market continued in the week ended Friday September 13 ahead of the Fanya tungsten stock auction, while ongoing concentrates tightness in China supported a 2.6% price jump. Positive sentiment kept APT prices elevated, China domestic price rises Concentrate price moves up due to supply tightness Ferro-tungsten range widens on pick-...Read More
Here are five Fastmarkets MB stories you might have missed on Monday September 16 that are worth another look.Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview.Newmont Goldcorp has suspen...Read More
The active contract price for aluminum on the Shanghai Futures Exchange may rise as high as 15,000 yuan ($2,128) per tonne by the end of October 2019 on the back of tightening supply, market participants have told Fastmarkets.The most-traded November contract price for the metal started to rally at the start of September on a continuing decline in the total volumes of aluminium in stock, and reach...Read More
London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on Sunday October 27. Below is a list of the events and functions scheduled for the week. Please be aware that many events are private entry and admission is strictly by invitation only. Sunday 27 October 6:45pm - Marex Spectron Dinner, The Savoy Hotel, Strand, WC2R 0EZ Monday 28 Oct...Read More
Copper miner PT Freeport's export license for copper concentrates has been tripled by the Indonesian Energy and Mineral Resources Ministry for the March 2019-March 2020 period, Fastmarkets has learned. PT Freeport has been granted additional export quotas for copper concentrate from Indonesia, bringing annual export volumes to 700,000 wet metric tonnes (wmt) up from an initial quota of 198,282 wmt...Read More
Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview. The first scheduled smelter will be built in Pomalaa on Sulawesi Island, in a $2.8 million joint venture with Japanese multi-metal company Su...Read More
More Grasberg copper concentrates are being offered to the spot market after Freeport-McMoRan received extra export licenses from the Indonesian government to sell mined output overseas, the miner told Fastmarkets on Friday September 13. The extra quantities from the world's second largest copper mine have entered the spot copper concentrates market at a time of tight availability reflected in mul...Read More
Argentina's domestic steel product prices were steady again in September, and sellers have been reducing payment periods to compensate for political instability and currency volatility in the country.Fastmarkets' monthly assessment for steel hot-rolled coil domestic, exw Argentina, was at $720-725 per tonne on Friday September 13, unchanged since May.The monthly assessment for steel cold-roll...Read More
Steel plate prices in the United States were unchanged during the week to Friday September 13, but market participants said that prices were likely to drop further on soft demand.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US, remained at $34.50 per hundredweight ($690 per short ton) on September 13, steady week on week but down by 2.8% from $35.50 per cwt at...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Fuelled by public policy and declining battery costs, global electric bus adoption is set to triple by 2025. The Chinese market - the most promising in this sector - will surpass the 1 million e-bus mark by 2023 and reach 1.3 million...Read More
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Special bar quality (SBQ) prices in the United States declined after ferrous scrap costs dropped in September while demand remained muted. Plentiful inventory and weak end-use markets including the domestic oil-and-gas industry and automakers ensured that SBQ producers could not sustain August prices, according to market participants. "The market is languishing," a mill source said. Fast...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper is a cornerstone of the EV revolution.At the heart of the electric vehicle, copper is used throughout because of its high electrical conductivity, durability and malleability. And even more is used in charging stations and in s...Read More