UrbanGold Minerals reported it is commencing a line-cutting and surface geophysics program in preparation for drilling on the Cressida block at the JV Bullseye property. In a news release, UrbanGold Minerals Inc. (UGM:TSX.V) and Argonaut Gold Inc. (AR:TSX) announced the start of a "line-cutting and surface geophysics program on the 50-50 joint venture, 8,642.8-hectare Bullseye property in prepara...Read More

Changes in the purchasing habits of some Chinese alloy smelters are partly to blame for the weakness in the low-grade manganese ore market, sources told Fastmarkets.Prices for the low-grade manganese ore, also called semi-carbonate, in both seaborne and portside markets have generally trended downward since hitting year-to-date highs in late April on supply concerns after South Africa implemented...Read More

China's domestic stainless steel prices decreased slightly in the week ended Wednesday October 28 due to softer demand following nickel losses.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,500-15,200 yuan ($2,157-2,261) per tonne, widened downward by 100 yuan per tonne from a week earlier.The three-month nickel contract on the London Metal Exchange fell steadily from O...Read More

Silver is not just any industrial metal. Used as money for centuries, much longerthan the fiatcurrencies have been used, with its specific properties that arealso widely used in many industries (best conductor of heat and electricity),with crude oil, it is perhaps one of the most versatile commodities.As far as the white metal is concerned,on September24 th , we have warned you about the possible...Read More

Metalsbroke out earlier in the year because there has likely never been so manyfundamental reasons to buy gold and silver.We’ve seen economic turmoil, political strife, social unrest, a $3 trillionfederal deficit, and a dollar weakened by fiscal and monetary stimulus – allhappening at once.Howthe markets finish the year will depend on whether these conditions persist.Thenear-term beari...Read More

Since the middle of 2019, we have been in a preciousmetals bull market, with gold prices hitting a new all-time high of$2079 on August 3, 2020. And silverprices have also been climbing steadily since the beginning of 2Q 2020,sending investors on the search for the best way to play this precious metalsbull run for maximum upside potential. In the search for high upside in this bullmarket, many inv...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28During a Q&A session Narendran was asked to comment on the future of the Indian steel market and production as well as the sustainable growth ra...Read More

Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region. Of the 59.9 million tonnes of major carbon steel production capacity planned to come on stream in the next decade in Southeast Asia, 39.4 million tonnes will come from Chinese-led projects, according to statistics from...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

The three-month price of tin on the London Metal Exchange lagged behind at the close of trading on Thursday October 29, showing the greatest daily losses at 1.1% and slipping below nearby support levels.Meanwhile, a large cancelation in the morning meant that LME lead futures remained elevated over the day.Tin's outright price on the LME closed at $17,822 per tonne on Thursday afternoon, falling f...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Thursday October 29, but steelmakers remained bullish due to good order books and a lack of competitive import offers, market sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?505.22 ($593.92) per tonne on Thursday, up by just ?,?0.22 per...Read More

Turkey's steel mills did not make any purchases of deep-sea market steel scrap on Thursday October 29 due to a public holiday to mark Republic Day in the country.No new cargo trades were heard on the market but mills have already booked as many as 10 cargoes this week. It was not known if they would return to the market on the last day of the week for...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 29 that are worth another look.Italian trade unions Uilm and Fiom-Cgil have called for steelworkers at ArcelorMittal Italia to go on strike on November 5 because they have not been given any clear...Read More

Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More

Changes in the purchasing habits of some Chinese alloy smelters are partly to blame for the weakness in the low-grade manganese ore market, sources told Fastmarkets.Prices for the low-grade manganese ore, also called semi-carbonate, in both seaborne and portside markets have generally trended downward since hitting year-to-date highs in late April on supply concerns after South Africa implemented...Read More

Not only are the Perth Mint's silver bullion sales up significantly this year, but gold bullion sales are also up a stunning... by Steve St Angelo of SRSrocco ReportWith the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020. And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single mont...Read More

The three-month price of tin on the London Metal Exchange lagged behind at the close of trading on Thursday October 29, showing the greatest daily losses at 1.1% and slipping below nearby support levels.Meanwhile, a large cancelation in the morning meant that LME lead futures remained elevated over the day.Tin's outright price on the LME closed at $17,822 per tonne on Thursday afternoon, falling f...Read More

Seaborne premium hard coking coal prices in the cfr and fob markets moved in reverse directions on Thursday October 29 amid a distorted spot market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.74 per tonne, down $7.61 per tonne Premium hard coking coal, cfr Jingtang: $135.26 per tonne, up $15.43 per tonneHard coking coal, fob DBCT: $95.52 per tonne, down $0.25 per tonn...Read More

The London Metal Exchange three-month nickel price was the under performer during morning trading on Thursday October 29, with its price action largely subdued against a continued upsurge in the US dollar index, while a fresh cancelation of some 18,525 tonnes kept the LME lead price elevated.LME nickel's outright price was recently trading at $15,515 per tonne on Thursday morning, falling by some...Read More