Turkish steel mills were quiet in the deep-sea scrap markets ahead of an upcoming Republic Day holiday on Thursday and Friday, sources told Fastmarkets on Wednesday October 27.The most recent cargo was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10) and 10,000 tonnes of shredded at an average price o...Read More

"In stark contrast with the mindset of corporate leaders who are dealing daily with the reality of higher and persistent inflationary pressures, the transitory concept has managed to retain an almost mystical hold on the thinking of many policy makers," El-Erian wrote in an Oct. 25 op-ed in Bloomberg."The longer this persists, the greater the risk of a historic policy error whose negative impl...Read More

Share this article VANCOUVER - Northwest Copper Corp. [NWST-TSXV; NWCCF-OTCQX] reports drill hole K-21-217 has returned the highest-grade copper-gold interval ever intersected at the Kwanika project that is easily accessible by road from the town of Fort St. James, British Columbia. The interval consists of massive to semi-massive copper and gold mineralization at moderate depth in the western ha...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Osisko Development today announcedthe approval of amendments to Mines Act Permits M-238 and M-198 allowing forthe expansion of the existing Bonanza Ledge II underground mine, located inBritish Columbia...Read More

We spoke with Brett Matich, CEO and President of Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2). Max Resource Corp. is a copper and precious metals exploration Company that was awarded a Top 10 Ranked Company, in the Mining Sector, on the TSX Venture 50?,,? for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020. Max Resource is advancing both t...Read More

(Reuters) - U.S. holiday sales could rise over 10% from last year in 2021, a trade body said on Wednesday, as major consumer goods makers and retailers work to prevent supply chain disruptions from leaving shelves empty of in-demand toys and games.The National Retail Federation (NRF) forecast sales to increase between 8.5% and 10.5%, to between $843.4 billion and $859 billion, during November and...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - A new partnership between theU.S. Geological Survey (USGS), the science agency for the U.S. Department ofthe Interior, and Rio Tinto, a leading mining and metals company, was announcedtoday. According...Read More

Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Fresnillo announced Wednesdayits Q3 2021 attributable silver production of 12.7 moz (includingSilverstream), which was down 15.1% over Q2 2021 mainly driven by theanticipated lower ore grade at San Jul...Read More

WASHINGTON (Reuters) - New orders for U.S.-made capital goods increased more than expected in September and shipments surged, pointing to strong business spending on equipment, though stretched supply chains likely hampered overall economic growth in the third quarter.Slower growth expectations were reinforced by other data from the Commerce Department on Wednesday showing the goods trade deficit...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices arenot far from unchanged in early U.S. trading Wednesday. Traders are awaitingnew fundamental developments to move the precious metals markets. December goldfutures were last u...Read More

From Wednesday December 1, Fastmarkets will publish its seaborne Asia battery-grade lithium carbonate and hydroxide assessments on a daily basis. Fastmarkets had proposed in July to increase the pricing frequency for the two battery-grade lithium prices - assessed on a cif China, Japan and South Korea basis - to daily from weekly. This proposal had originally stated that the consultation period fo...Read More

BRUSSELS, Oct 27 (Reuters) - Global bottlenecks are a result of a huge demand spike rather than fundamental problems in the supply chain, the WTO's chief economist said on Wednesday, in an opinion supporting the view of central banks that this is a transitory phenomenon.G20 leaders are expected to discuss supply chain bottlenecks and apparent shortages when they meet in Italy this week, but Robert...Read More

The nickel briquette premium in the United States surged by 10% this week amid supply tightness while those in China also rallied amid a favorable arbitrage.?EUR? US briquette premiums hit all-time high?EUR? Chinese premiums rally to 2-year high?EUR? European premiums stableNew peaks for both US premiumsHaving been flat for many weeks, nickel premiums in the US rose to new all-time highs.The two p...Read More

WASHINGTON (Reuters) - Some U.S. Senate Democrats on Wednesday proposed taxing billionaires’ unrealized gains from their assets to help finance President Joe Biden’s social-policy and climate-change agenda, according to the top Senate Democrat for tax policy.The billionaires tax, announced by Senate Finance Committee Chairman Ron Wyden, is part of a two-pronged legislative strategy tha...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Equinox Gold (TSX: EQX) todayannounced groundbreaking for full-scale construction at the Greenstone gold mine,located in Ontario, Canada, that will be held today from 2pm to 4pm EDT at themine site.The...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

BRUSSELS, Oct 27 (Reuters) - Nvidia (NVDA.O) suffered a setback on Wednesday as EU antitrust regulators opened a full-scale investigation into its $54 billion bid for British chip designer ARM on concerns the deal could lead to higher prices, less choice and reduced innovation.Britain's competition agency is also probing the deal for the country's most important technology company, warning that...Read More

Trading activity in the European hot-rolled coil market was slow on Wednesday October 27, but mills are likely to seek price rise due to increasing production costs, sources told Fastmarkets. Buyers and sellers have been holding back from trading until a trend becomes clear, they added. Demand, however, has started to gradually improve due to distributors re-stocking for the first quarter of next...Read More

WASHINGTON, Oct 27 (Reuters) - White House press secretary Jen Psaki said the White House is not surprised with reporting that shows Facebook (FB.O) is struggling to stay on top of coronavirus and vaccine misinformation on its platform."We have seen the reporting, of course, and ... it is unfortunately, not surprising for us to hear that Facebook knew of these problems," Psaki said.Reporting by...Read More