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

Import prices for rebar in Singapore resumed their downtrend over the past week due to ample supply.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $420-425 per tonne for the week to Monday October 14, down $10 per tonne from a week earlier.Qatari rebar offered at...Read More

Chinese import demand for hot-rolled coil (HRC) in Asia failed to support upward movement in spot prices on Monday October 14. Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $425-430 per tonne cfr for the week ending Monday October 14, down by $15 per tonne from a week earlier.&n...Read More

China's domestic hot-rolled coil prices strengthened on Monday October 14 amid steady demand, making export transactions challenging even though the country reached some form of a truce with the United States last Friday amid an ongoing trade spat.DomesticEastern China (Shanghai): 3,580-3,600 yuan ($505-508) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,550 yuan per tonne, up 30 y...Read More

China's domestic rebar prices remained flat on Monday October 14 despite China and the United States making some progress in trade talks late last week. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($522-526) per tonne, unchanged Northern China (Beijing): 3,570-3,600 yuan per tonne, unchangedThe US will be delaying the imposition of additional tariffs on Chinese goods worth o...Read More

RUSTENBURG – The nationalisation of mines will lead to industrialisation, growth of the economy and jobs, Forum 4 Service Delivery Youth said on Monday."The industrial strategy adopted by government will never succeed unless we have State control and ownership of the natural resources," said Kgothatso Ramautswa, president of the youth wing.Advertisement"It is important to high...Read More

HARARE – London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company official said on Friday.President Emmerson Mnangagwa's government is stepping up efforts to exploit its mineral resources to revive an economy crippled by triple-digit inflation and...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe company said on Sunday the Teck Carmen de Andacollo Workers Union, which represents 473 workers, had given notice it planned to start strike action on October 14.Teck said the previous collective bargaining agreement had expired on September 30 and the five-day mediation process had ended on October 11 without a new deal.Golden M...Read More

Turkish domestic scrap prices remained stable over the past week with the mills keeping their buy prices unchanged, sources said on Monday October 14.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($221-243) per tonne on Monday,...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesCodelco had cancelled SNC's US$260 million mining and metallurgy contract at Chuquicamata in March.  At the time, Codelco said the Canadian company had failed to meet its commitments while SNC said the termination was unwarranted and in breach of good faith agreements. Golden Mile goes back to the futureSPONSOREDgolden mile reso...Read More

The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached. Asian equities are firmer across the board because at least some progress was made on trade talks. Haven assets are weaker with US ten-year treasury yields strong and gold prices weaker. Base metals Three-month base metals prices on the London Metal Exchan...Read More

Fastmarkets proposes changing the publication times of its weekly global pig iron and hot-briquetted iron price assessments from 3pm to 4pm London time.The CIS export, fob main port Black Sea and fob main port Baltic Sea, price assessments, along with the pig iron import, cfr Italy, and HBI, cfr Italian ports assessments will be published at 4pm Lo...Read More

Physical iron ore prices dropped on Monday October 14 following losses in the derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.49 per tonne, down $2.27 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.03 per tonne, down $0.22 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.17 per tonne, down $2.73 per tonne.58% Fe fines high-premium, cfr Qing...Read More

Seaborne coking coal prices moved up on Monday October 14 after Chinese end users returned to the spot market for the first time after a holiday in the first week of the month to mark China's National Day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.62 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.36 per tonne, up $4.86 per tonneHard coking coal, fob DBCT: $123.13...Read More

Pig iron import prices in the United States stopped falling last week, despite weak scrap and hot-rolled coil prices, due to limited availability caused by suppliers focusing on the more lucrative Chinese market.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 11, unchanged week on week."The pig iron price should go down, considering whe...Read More

Seaborne iron ore concentrate continued to see narrower discounts after China's week-long National Day holiday in early October, while the pellet market remained weak.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $99.88 per tonne last Friday October 11, up $3.43 per tonne from the numbers for the previous two weeks.Fastmarkets' daily index for iron ore...Read More

The metals market remains cautious because there still seems a long way to go before a United States-China trade deal can be reached.Weak Chinese trade data highlights how the global economy is suffering - China's US dollar-denominated exports fell by 3.2% in September year on year, while imports dropped 8.5% in the same comparison.Asian equities are firmer across the board because at least some p...Read More

Base metal prices on the Shanghai Futures Exchange were mixed during morning trading on Monday October 14, with the complex largely shrugging off news of a "partial" trade deal being struck between the United States and China at the end of last week. There was fresh optimism in global markets on Friday after US President Donald Trump announced negotiators from China and the US had reached a substa...Read More

Key data from the pricing sessions in Asia and Europe in the week to Friday October 11. China Key drivers  The price for antimony, MMTA standard grade II, ddp China gained 3.2% after domestic suppliers raised their offer prices in response to resumed buying interest from consumers returning from the week-long National Day holiday (October 1-7). Many antimony producers were reluctant...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate,...Read More

China's cobalt metal price consolidated gains made since late August on Friday October 11 due to weak demand and falling futures prices following the week-long national holiday break. Fastmarkets' assessment for cobalt 99.8% Co min, exw China dropped to 295,000-310,000 yuan per tonne (approx $16.72-17.57 per lb, China-VAT free) on Friday, down by 2.4% from the midweek pricing session. Spot de...Read More