Silver has reached a turning point against other assets. Two examples of this are against world equity markets, and US M2 Money supply.Continue...Read More

Prices for steel billet and rebar decreased in Egypt in the week to Thursday February 4 in line with weak demand, with the country still suffering from rebar consumption having decreased by 7.68% in 2020, sources have told Fastmarkets.Egyptian demand for long steel products was weak for reasons including a ban on construction and the continuing effects of the Covid-19 pandemic.Egypt imposed a ban...Read More

Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to move downward on Thursday February 4 with lower offers heard from mills and traders.Billet offers from mills were heard within the range of $540-545 per tonne fob for customers in the Middle East, compared with $540-550 per tonne fob earlier in the week.A Russian producer was reported to have filled its o...Read More

"We are investing in safety across our operations and recently started rolling out industry leading camera-based safety technology across our delivery fleet," Bass saidContinue...Read More

Turkish steel billet prices have continued their downward trend over the past week amid limited demand for the material and falling imported scrap costs, sources said on Thursday February 4.Imported scrap prices have been coming down over the week amid limited demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $401.35 per tonne on February 3, down from...Read More

The attraction of high sales volumes and good netbacks in China continued to tighten supply and supported prices for ferro-chrome in Europe in the week to Tuesday February 2.Ferro-chrome producers have targeted China, attracted by the high demand, rather than Europe. This has reduced the volumes available in Europe, which in turn has increased prices.Fastmarkets' price assessment for ferro-chrome,...Read More

The lode structures at Lion One Metals' Tuvatu are seemingly shaping up to be "deep tapping and likely prospective for high-grade gold mineralization." Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release the results of two diamond drill holes, still in progress, at its Tuvatu project on Fiji.Both holes returned shallow and high-grade gold, the company stated."We are starting...Read More

StrikePoint Gold reported drill results from the Edge Zone Discovery at its Willoughby Project that returned 7.72 m of 10.04 g/t gold and 5.61 g/t silver. In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) announced drill results from its 2020 exploration program at its wholly owned Willoughby gold-silver property located near Stewart, B.C. in Canada's Golden Triangle. "This drilli...Read More

First Vanadium provides visual observations from the four holes drilled in November and December at the Carlin Vanadium-Gold Property. First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQX; 1PY:FSE) announced in a news release information about the gold target at the Carlin vanadium-gold project in Nevada's Carlin Trend, in which it placed seven drill holes late in 2020. The company noted it draws this i...Read More

The European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.Fastmarket...Read More

Brazilian vehicle production climbed by 4.2% year on year in January, with the industry slowly recovering from Covid-related restrictions imposed in the second quarter of 2020, trade association Anfavea said on Thursday February 4.Output totaled 199,707 units in the first month of 2021, rising from 191,731 units in the same month last year. But the total was down by 4.6% from 209,296 units in...Read More

Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More

As extreme marketconditions drive tremendous volatility in silver spot prices,buyers are exerting unprecedented pressures on retail physical bullionproducts.Record-setting buyingvolumes pushed the silver price toward a multi-year breakout on Monday. Silverhit an eight-year high of over $30/oz during the day, closing at $29.41.On Tuesday, however, thesilver market got slammed – along with sto...Read More

Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More

In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More

Michael Lillja will join Outokumpu as senior sales director in March, Fastmarkets understands.The chrome market veteran will join the Helsinki-listed stainless steel manufacturer and ferro-chrome producer...Read More

Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver.  It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More

If you're a close observer of the metals market, you know that the price of silver has taken a tumble during the past several days.Elliott wave analysis was a big help in identifying the price turn, which occurred on Jan. 6.Indeed, here's a chart and commentary from the Jan. 6 issue of our Monday-Wednesday-Friday U.S. Short Term Update, an Elliott Wave International publication which provides near...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More