Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More
Outcrop Gold reported it has drilled 0.95 meters of 10,784 grams per tonne silver equivalent at its wholly owned Santa Ana project in north Tolima, Colombia. Outcrop Gold Santa AnaIn a news release, precious metals explorer and prospect generator Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced assay results from drilling on its 100%-owned Santa Ana project in north Tolima, Colombia...Read More
Bob Moriarty of 321gold explains why he is confident the company will hit copper with its new drill program. GSP Resource Corp. (GSPR:TSX.V; GSRCF:OTCBB) put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck's Highland Valley Mine. When I read the press release...Read More
The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action. That’s why gold stalled out since, driftingsideways flirting with a correction. To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume. The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More
Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More
Here are five Fastmarkets stories you might have missed on Friday September 11 that are worth another look.Rio Tinto chief executive officer Jean-Sebastien Jacques and iron ore head Chris Salisbury are to step down following criticism over the miner's destruction of sacred Aboriginal caves in Pilbara, Western Australia.The...Read More
Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More
Atlantic Nickel, a Brazil-based nickel producer owned by private-equity fund manager Appian Capital Advisory, plans to develop its Santa Rita operation into an underground mine in the next eight years, with an economic feasibility study to be run in 2021.The move would increase production capacity from the current 20,000-25,000 tonnes per year (tpy) in nickel content to 40,000-45,000 tpy, accordin...Read More
Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on Monday September 14.While most market participants expected increases in the range of 10-13% for October, some have reported price increases of 15%. The latest price changes add to a series of rises that started in July...Read More
Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More
Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More
China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More
Where may the silver price be heading over the next few weeks? by Steve St Angelo of SRSrocco ReportIn today's update, I discuss where the silver price may be heading over the next few weeks. Of course, this is only a short-term horizon, but if individuals are going to watch silver price quotes every day, then it essential to know what the technicals are showing. How the silver price trades o...Read More
The three-month aluminium price on the London Metal Exchange surpassed nearby resistance at the close of trading on Monday September 14, closing just above $1,800 per tonne after today's fresh cancellation of 41,325 tonnes triggered afternoon buying, while lead futures rose by 1.7% in the US trading session to push beyond $1,900 per tonne. Aluminium's outright price on the LME closed at $1,800.50...Read More
Iron ore prices gained again on Monday September 14, with market sources expecting mills to replenish their iron ore inventory before the Golden Week holiday in October in China, which resulted in active trading at ports and a rise in prices.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $130.17 per tonne, up $1.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.22 per tonne, up...Read More
A correction has been issued for this article.The...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.Sentiment surrounding coronavirus (COVID-19) has dominated markets and copper price movements so far in 2020. As a result of the virus, near-term global demand is softening, and the copper market is facing oversupply as a period...Read More
RAPAPORT... The novel coronavirus has put the brakes on every aspect of gem trading around the globe, and the limit on international travel is one of the most notable setbacks. Miners, geologists and suppliers usually must make their way from remote mining sites to manufacturers, keeping the flow of goods moving toward the end user. What are they doing now while this crisis plays out? And what is...Read More
(IDEX Online) - The French luxury conglomerate LVMH says it will vigorously defend itself against legal action after the collapse of its planned $16.2bn acquisition of Tiffany & Co.In a strongly-worded press release it said the lawsuit was "totally unfounded" and accused the New York-based jeweler of "dishonesty" and misleading its shareholders."The long preparation of this assignment (the law...Read More
(IDEX Online) - Diamond polishing is returning to near-normal in Surat, say Indian trade bosses, as factories re-open and the spread of COVID-19 appear to have been limited.An estimated 5,000 of the city's 7,000 cutting and polishing units (70 per cent) are now functioning again, and government rules now allow 70 per cent of staff to work, rather than 50 per cent, as previously.The Gem and Je...Read More