Gerald has appointed Patricia Nikolopoulos as its new chief financial officer and to its board of directors, the company said on Monday December 30. Nikolopoulos, who was formerly CFO of Gerald's North America business, is formally replacing Vittorio Conti who left...Read More

2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More

By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More

The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The Ganzhou Rare Metal Exchange was launched on December 31, 2019, according to the Association of China Rare Earth Industry. The Ganzhou exchange will trade cobalt, rare...Read More

The majority of Chinese annual blister copper supply contracts for 2020 have settled at significantly lower refining charges (RC) on expected tight supply of the intermediate product. The bulk of 2020 blister copper 98-99% annual benchmark RC cif China supply contracts have been agreed at $125-133 per tonne. The range compares with $155-175 per tonne for 2019. In late November last year, init...Read More

Turkish steel mills remained quiet in the deep-sea scrap import market on Thursday January 2, with most suppliers staying out of the market due to the year-end holidays, sources told Fastmarkets.Turkey's deep-sea scrap import market has been silent since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment, however, has now turned negative becaus...Read More

The outlook for US aluminium scrap prices in 2020 appears gloomy on the surface while the market in the United States remains plagued by oversupply, market sources say.But pockets of optimism remain, with some participants suggesting that prices have now bottomed out."It changes every day. One day people think [China's] going to take more product, more copper and aluminium, and the next day everyo...Read More

The Joe Mann mine is located in Canada's Quebec province, pictured here. Stock image. Dor?(C) Copper Mining (TSXV: DCMC) announced Thursday that it has entered into an option agreement to acquire a 100% interest in the Joe Mann gold mine in Qu?(C)bec from Ressources Jessie and Legault Metals. Termsof the deal include a series of cash payments totaling over $C5 million startingfrom the effective...Read More

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More

Cobalt hydroxide consumers will continue to have exposure to the spot market this year, with some of their requirements likely to be topped up from producer stocks held in Asian warehouses, sources told Fastmarkets. The creation of a nearby spot market has appeal in cutting the long shipping times, as well as reducing the potential for logistical difficulties and price risk associated with shippin...Read More

Today is Thursday, January 2, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,526.25. It's up 0.59% from yesterday and up 18...Read More

Today is Thursday, January 2, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Halliburton (NYSE: HAL), Hess Corporation (NYSE: HES), and Imperial Oil (NYSE: IMO).Halliburton (NYSE: HAL)Halliburton (NYSE: HAL) is a $21.55 billion company today with a one-year return of -7.94%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-free-cas...Read More

It was in 2005 that I made an audacious claim...The transition to a new energy economy had officially begun, the end of coal was upon us, and little by little, renewable energy was going to go from niche experiment to the second largest form of electricity generation in the United States.You would've thought I had burned a flag, spit on the grave of George Washington, and stole a ham sandwich from...Read More

The domestic price for hot-rolled coil in Northern Europe was largely unchanged on Thursday January 2, due to slow trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe, was largely stable at ?,?439.17 ($492.27) per tonne on Thursday January 2, compared with ?,?439.39 per tonne on December 31.Market activity has...Read More

China's domestic hot-rolled coil prices were flat on Thursday January 2 although Tangshan announced short-term steelmaking restrictions to improve air quality. DomesticEastern China (Shanghai): 3,900-3,920 yuan ($560-563) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedA large number of steel mills in northern China's steel hub of Tangshan were instructed to implement...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday January 2 that are worth another look.The Chinese city of Ganzhou has launched an exchange for physical trading of rare earths and other minor metals. The outlook for aluminium scrap prices in the United States appears gloomy on the surface for 2020, with market sources noting that the US market remains plagued b...Read More

(New throughout)By Kate DuguidNEW YORK, Jan 2 (Reuters) - The dollar recovered from asix-month low to add 0.44% on Thursday, the first trading day of2020, ending a four-day losing streak and a downbeat Decemberthat had left the index virtually flat at the end of 2019.Trading is likely to remain thin until Tuesday, when mostEuropean countries open after Monday's Epiphany holiday butmarket players w...Read More

The price of steel rebar in both the Northern and Southern European markets was unchanged this week, with trading activity not yet resumed after the year-end holidays, Fastmarkets heard on Thursday January 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was...Read More

The price of steel mesh-quality wire rod in the Northern and Southern European markets was unchanged in the week to Thursday January 2 due to the lack of trading activity resulting from year-end holidays.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?450-460 ($504-516) per tonne...Read More

Turkish steel mills remained quiet in the deep-sea scrap import market on Thursday January 2, with most suppliers staying out of the market due to the year-end holidays, sources told Fastmarkets.Turkey's deep-sea scrap import market has been silent since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment, however, has now turned negative becaus...Read More