Warren Buffett will go down in history as one of the greatest investors ever. And it’s not because he cracked some kind of cryptic investment code or he understands the market in a way no one else does, but because he is persistent. He sticks to his investing “values” as much as possible. And most important: he is always learning and evolving.This is one of the reasons why Buffet...Read More

Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (OTC: GLDRF) is a discovery-focused gold exploration company that is committed to advancing its 100% owned, highly prospective mineral properties, located in Idaho, United States. Idaho Champion is vested in Idaho, with the Baner Project in Idaho County, the Champagne Project, located in Butte County near Arco, and four cobalt properties in Lemhi C...Read More

Some container shipping lines are refusing to give rates for December shipments of scrap metal into South Asia and are even cancelling some existing orders, sources told Fastmarkets on Friday November 6.Four steel scrap traders that speak to Fastmarkets said they have either been unable to get December shipment quotations from their freight forwarders or are aware of others facing a similar situat...Read More

Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) fell by 11.26% in late October from the middle of the month, according to data released on Wednesday November 4.October 21-31 outputCrude steel: 2.16 million tonnes per day, down 0.77%Finished steel: 2.14 million tpd, up...Read More

China's upcoming steel scrap futures looks set to be a game changer for the international community dealing in the steelmaking raw material.It will open up a whole new world of opportunities for both domestic and international traders, especially those who have been looking to capitalize on the massive size of China's domestic scrap market.While the Dalian Commodity Exchange (DCE) has yet to relea...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

The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Approaching the end of the calendar year, steelmakers and consumers enter a busy period of contract negotiations for supply for 2021 or at least the first quarter or half year.With the sharp increases in spot market steel prices during recent months, steelmakers are understandably looking to take advantage and secure higher c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US ERW OCTG edges higher, seamless could followRising substrate costs helped support US ERW OCTG prices this month, especially at the upper end of the range of offers. Seamless OCTG and linepipe prices, meanwhile, held firm compared with September prices. The fundamentals remain weak, with rig counts going up...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil (HRC) moved sharply higher in September, in line with our expectations, but the magnitude of the rise exceeded our predictions. Domestic HRC prices averaged $566 per ton in September, exceeding our $540 per ton forecast price.A c...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More

Earlier this month, Madagascar's government suspended a controversial gold-mining operation in Vohilava commune in the country's southeast. Many local people welcomed the news, which comes after years of tension over the project's environmental and economic impact and a recent demonstration against it. In early September, local people who oppose the project destroyed company equipment, throwing [....Read More

Short-term valuation analysis implies major gold stocks still have another 10-20% downside.Read full newsRead More

Here are five Fastmarkets stories you might have missed on Friday November 6 that are worth another look.Brazilian flat-rolled steel producer Usiminas regained in October the levels of production and sales volumes it had enjoyed in March, after taking a heavy hit from the Covid-19 pandemic in the intervening seven months and...Read More

Here are five Fastmarkets stories you might have missed on Friday November 6 that are worth another look.Brazilian flat-rolled steel producer Usiminas regained in October the levels of production and sales volumes it had enjoyed in March, after taking a heavy hit from the Covid-19 pandemic in the intervening seven months and...Read More

Biden said he was honoured to be chosen to lead the country, while Trump tweeted on the weekend "I won this election, by a lot!"The spot gold price was up around US$1,950 an ounce on the spot market.Metals closed mixed on the London Metal Exchange on Friday, where copper rose amid continuing reports China would ban Australian copper concentrate imports.Ontario-focused junior Stone Gold (TSXV: STG)...Read More

Here are five Fastmarkets stories you might have missed on Friday November 6 that are worth another look.Brazilian flat-rolled steel producer Usiminas regained in October the levels of production and sales volumes it had enjoyed in March, after taking a heavy hit from the Covid-19 pandemic in the intervening seven months and...Read More