Billionaire Mike Novogratz, Galaxy Investment Partners chief executive officer, discusses his political money-raising efforts, President Donald Trump's refusal to concede the 2020 election results, and the outlook for gold and Bitcoin.Read More

Goldcliff Resource Corp. reported it obtained rock sampling values as high as 359 g/t silver, verifying strong silver grades at its Ainsworth project in southern British Columbia. In a news release, Vancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) reported that it had achieved rock sampling values as high as 359 g/t silver in the areas surrounding two historical workings at its A...Read More

Emerita Resources reports the next steps it is taking to obtain the environmental license to drill at its Iberia Belt West project. In a news release, Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) announced that the engineering firm FRASA Ingenieros Consultores is helping prepare the environmental documentation required to obtain a permit, an Autorizacion Ambiental Unificada (AAU)...Read More

The European Commission has set 4.8-7.6% provisional anti-dumping duties on hot-rolled coil originating from Turkey, effective Wednesday January 6. The EC calculated preliminary duties for Habas at 4.80%; for Erdemir at 5.40%; for Agir Haddecilik and Borcelik at 5.90%; and for Colakoglu and all other companies at 7.60%, according to the Official Journal of the European Union. The product concerned...Read More

If global elites have their way, 2021 will bethe year of the “Great Reset.”They believe now, after the coronavirus and lockdownpolicies have inflicted a heavy toll on the public, is the perfect opportunityto implement their technocratic vision.Their longstanding plans to transform economiesin the name of various “sustainability” and “equity” goals are beingaggre...Read More

Member mills of the China Iron & Steel Association (Cisa) lowered their crude steel and hot metal production in late December from the preceding 10 days, according to data published by the association on Wednesday January 6.December 21-31 outputCrude steel: 2.16 million tonnes per day, down 1.76%Finished steel: 2.24 million tpd, up 4.74%Hot metal: 1.89 million tpd, down 2.34%Mills' finished steel...Read More

All Turkish flat steel prices increased sharply in December 2020, and the market was expected to remain steady in January because of globally strong demand for steel products, Fastmarkets heard on Wednesday January 6.Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.Global...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More

European buyers expected that domestic hot-rolled coil prices would continue to rise in January and in the rest of the first quarter, due to good order books at domestic mills and a lack of competitive imports, sources told Fastmarkets on Thursday January 7.During the first week of January, however, domestic prices have remained fairly stable in a seasonally slow market.Fastmarkets calculated its...Read More

Forward prices for copper and nickel on the London Metal Exchange continued to reach new highs during trading on Thursday January 7, while the rest of the base-metals complex showed smaller increases than those seen at the beginning of the week on a marked rebound in the US dollar index.Nickel's three-month price achieved a new 16-month high of $18,200 per tonne on Thursday, with the uptake of ele...Read More

The Chinese alumina price rose slightly this week following a spate of panic buying after railway transport in Shijiazhuang, in the northern Chinese province of Hebei, was suspended amid a rise in Covid-19 infections, market participants told Fastmarkets. All trains arriving in or departing from Shijiazhuang, the capital city of Hebei, have been canceled since Wednesday January 6. Shijiazhuang Cit...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 7 that are worth another look.The provisional anti-dumping duties imposed on imports of Turkish hot-rolled coil by the European Commission are neither reasonable nor fair, Turkish steel exporters told Fastmarkets on January 7.The blockade...Read More

Chinese tungsten market participants expect prices to continue a steady uptrend in early 2021 given tightened supply of concentrate and robust prices for downstream products.Sources told Fastmarkets that they have become more confident and rarely worry about price declines after experiencing sluggish market conditions over the past year due to the Covid-19 pandemic.Firm concentrate marketTight sup...Read More

Following a recent surge in costs for ferro-chrome production in China and the release of disappointing January tender prices by consumers, two leading producers have initiated moves to strengthen alloy prices.On Wednesday December 30, Xinganglian Metallurgy (XGL) issued a notice saying that it will raise its offer price in the spot market. The company, which is China's top ferro-chrome producer,...Read More

Forward prices for copper and nickel on the London Metal Exchange continued to reach new highs during trading on Thursday January 7, while the rest of the base-metals complex showed smaller increases than those seen at the beginning of the week on a marked rebound in the US dollar index.Nickel's three-month price achieved a new 16-month high of $18,200 per tonne on Thursday, with the uptake of ele...Read More

Seaborne coking coal prices increased across the board in the cfr market on Thursday January 7, on higher offer prices, but with storms expected to hit Queensland this weekend, the fob market stayed quiet, with many miners reluctant to sell.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.99 per tonne, up $0.07 per tonnePremium hard coking coal, cfr Jingtang: $208.19 per tonne...Read More

Seaborne iron ore prices maintained their upward trend across the board on Thursday January 7, with lump premiums also continuing to rise because of firm demand, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $171.69 per tonne, up $2.97 per tonne62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne, up $3.50 per tonne58% Fe fines high-grade premium,...Read More

It's always fun when JP Morgan is getting inside the minds of gold & silver investors...by Chris Marcus of Arcadia EconomicsThe latest report out of JP Morgan suggests that they think the price of Bitcoin may be eventually headed towards $146,000 per coin.They didn't mention any of their latest thoughts on silver, but it was a report you'll likely want to hear. And on another wild trading day, to...Read More

Diamond trade ends challenging 2020 with 1 ct. RAPI +5.8%. Firm polished prices reflect inventory decline after significant drop in manufacturing and rough sales. Optimism for 1Q as jewelers and dealers seek goods following the holiday season. Retail outlook still cautious amid spike in global Covid-19 infections. Lockdowns may curb jewelers' inventory replacement efforts. Rising expectations for...Read More

Steel billet and rebar prices have remained stable in Egypt in the week ending Thursday January 7 because of low levels of market activity, market sources have told Fastmarkets.January 7 was the Coptic Christmas in Egypt, and trading was subdued in the days before the holiday.Market participants now wanted to see the direction that prices might move globally before placing orders.Demand for rebar...Read More