Import demand for hot-rolled coil in China declined in the week ended Friday July 17 after Indian sellers kept their offers at high levels. Domestic prices were largely stable during the day.DomesticEastern China (Shanghai): 3,870-3,900 yuan ($553-558) per tonne, widening downward by 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,770-3,800 yuan per tonne, up 50 yuan per tonneSel...Read More

London Metal Exchange three-month base metals prices were mostly subdued during morning trading on Friday July 17, with a record daily surge in US coronavirus cases weakening investor sentiment, while copper futures managed a slight improvement despite thin volumes and a tight forward curve. LME copper's outright price was recently at $6,406 per tonne, sustaining above nearby support levels and up...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

Chinese domestic spot prices of both indium and germanium have yet to yield any gains after the provincial government of Yunnan announced further details on the commercial stockpiling of several non-ferrous metals, which in theory could lend some support to these metals, Fastmarkets understands. In the latest announcement, Yunnan's provincial government unveiled the exact volumes for the commercia...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Key data from the pricing session in Shanghai on Friday July 17. Key drivers  The cobalt metal price in China retreated slightly due to softening local futures prices amid weakened sentiment following a plunge on the stock market in China on Thursday. Spot...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

Markets were mixed across the board this morning, Friday July 17, while traders consolidate recent gains - key will be how well prices manage to hold up.The base metals traded on the London Metal Exchange were all down, but only by an average of 0.3%, while the base metals on the Shanghai Futures Exchange were mixed, but down by an average of 0.2% An European Union summit is underway today to try...Read More

The mining and materials equity team at RBC Capital Markets has raised its silver price forecasts by 16% in 2020, 17% in 2021 and 14% in 2022.RBC now forecasts silver prices will average US$17.76 per oz. this year, US$18.75 per oz. next year, and US$18.50 per oz. in 2021.Silver is currently at about US$19.36 per oz., up by 53% from mid-March.The bank credited its higher price forecasts to "a more...Read More

Mine financing company Triple Flag Precious Metals has closed a US$550 million gold and silver stream on future production from China Molybdenum's Northparkes mine in Australia.The deal gives Triple Flag rights to the majority of the gold and silver that will be produced at the mine in New South Wales until it receives 630,000 oz. gold and 9 million oz. silver. At that point, Triple Flag will cont...Read More

Demand for Japanese steel scrap in key Vietnam import markets continued this week with domestic steelmakers sourcing the raw materials to churn out billet for Chinese buyers, sources said."A lot of spot demand for scrap in Asia is now [coming from] Vietnamese steel mills, which are betting on the Chinese appetite for billet imports to continue," a mill source in Asia told Fastmarkets on Friday Jul...Read More

Import prices for containerized ferrous scrap in Taiwan stopped increasing this week because buyers have started looking to secure material from Japan instead of the United States.The spread between bulk Japanese and containerized US-origin scrap narrowed to about $15 per tonne this week, making Japanese scrap a more economical choice for Taiwanese steel mills.Fastmarkets' daily price assessment f...Read More

Exports of manganese ore from South Africa have almost quadrupled from April to July, according to preliminary trade data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply. South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdo...Read More

Toronto, Ontario--(Newsfile Corp. - July 17, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is...Read full newsRead More

Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More

Gold's price milestones have kept it in focus for the last couple of weeks, but this time we're focusing on silver. The white metal has made it past the US$1...Read full newsRead More

These are becoming key to exploration as companies set targets.Read full newsRead More

FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (Read full newsRead More

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2020) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (Read full newsRead More