Fruta del Norte, discovered in 2006, is one of the world's biggest recent gold findings. (Image courtesy of Lundin Gold) Lundin Gold (TSX: LUG) reported Thursday afternoon that ramp-up to commercial production is on schedule and on budget at its Fruta del Norte gold project in southeast Ecuador, the country's largest. A total of 28,678 ounces of gold were produced by the end of 2019.Of the total...Read More

Gold is emerging from a dark period. Tolima gold mask from Gold Museum in Bogota, Colombia. On Thursday, gold was retreating further from near seven-year highs reached Tuesday, but even gold bugs probably aren't complaining (not too much anyway) about a price in the mid-$1,500s, the highest since March 2013.The extent of gold's rally caught most market watchers by surprise. Hedge funds speculatin...Read More

Official White House photo by Shealah Craighead. Canada and the US announced Thursday they have finalized the Canada-US Joint Action Plan on Critical Minerals Collaboration, aimed to advance the countries' mutual interest in securing supply chains for the critical minerals needed for manufacturing sectors, communication technology, aerospace and defence, and clean technology. Of the 35 minera...Read More

The three-month zinc price on the London Metal Exchange had declined at the close of trading on Thursday January 9, dipping below nearby support levels after a fresh inflow of 1,500 tonnes into Singapore capped momentum gained earlier in the week.Zinc's outright price on the LME closed at $2,377 per tonne this afternoon, dipping back below nearby resistance after reaching an intraday and two-month...Read More

Key data from the price assessment on Thursday January 9. Fastmarkets assessed the aluminium P1020A premium, in-whs dup Rotterdam at $95-100 per tonne on Thursday, up from $90-100 per tonne the day before and from $85-95 per tonne at the beginning of January.Key drivers:Supply for P1020 in Rotterdam, and other European ports, is tight, especially for certain shapes or other specifications. Alumini...Read More

There has been a flurry of buying activity in the Chinese alumina market at the start of January, supporting the benchmark alumina price above $270 per tonne. Fastmarkets calculated the benchmark daily alumina index, fob Australia at $277.36 per tonne on Thursday January 9, up from $275.77 per tonne on Wednesday. The index has traded between $275 and $277 per tonne since December 27. Key driv...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday January 9 that are worth another look.The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.Mining and trading company Mitsui is ceasing copper concentrate blending in South Korea,...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday January 9 that are worth another look.The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.Mining and trading company Mitsui is ceasing copper concentrate blending in South Korea,...Read More

There has been a flurry of buying activity in the Chinese alumina market at the start of January, supporting the benchmark alumina price above $270 per tonne. Fastmarkets calculated the benchmark daily alumina index, fob Australia at $277.36 per tonne on Thursday January 9, up from $275.77 per tonne on Wednesday. The index has traded between $275 and $277 per tonne since December 27. Key driv...Read More

The Chinese alumina price recently reached a floor and began entering into a rebound on the spot market, however, excess market supply has limited the uptrend, market participants said."The bearish news of large quantities of imported material continuing as well as an oversupplied domestic market have been digested by the market already so we assume the price will enter an upward trend from now on...Read More

Fastmarkets will publish its price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, on a daily basis from Monday February 3, 2020.Join members of Fastmarkets' editorial and pricing team for a discussion on the results from its recent consultation on cobalt pricing frequency, insights from Fastmarkets' pricing database and details on the practicalities of daily cobalt pricing. Cli...Read More

Trader and consumer restocking sent prices for cobalt metal higher on Wednesday January 8, with firmer Chinese equity markets, salts prices and raw material payables also underpinning sentiment. Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $15.55-16.50 per lb on Wednesday, up 2.4% from Friday. The cobalt alloy-grade, in-whs Rotterdam price was marginally...Read More

First announced in June 2019, with details fleshed out in December, the collaborative effort is expected to spur increased investment in exploration and mining projects, as well as job creation andRead More

By: Gary SavageWe are still in an intermediate trend higher in gold. These corrections typically last 4 to 9 days in an intermediate trend cycle..https://blog.smartmoneytrackerpremium.com/Read More

- Ira EpsteinAlgos do not always win - important to know this. Gold price gap in the chart is now filled, fails after failed Iran/Iraq/US fears subsides -- China, Brexit, Impeachment and much more coming up:Read More

Gold and silver may have formed a short term top yesterday. If tomorrow's US December nonfarm payrolls matches ADP jobs, then gold and silver can see further sell off. Signing of the US-China trade deal and the details released thereof will be closely watched next week. Iran situation will be fragile over the coming weeks and months. There will be phases of escalation of geopolitical situation i...Read More

Turkish steel producers have broken their silence in the deep-sea scrap markets after a mill in the Marmara region bought a European cargo, sources said on Thursday January 9.The mill booked the European cargo - comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 15,000 tonnes of bonus at an average price of $300 per tonne cfr - late on Wednesday January 8. .....Read More

Mining company AGMs and conferences throughout 2019 have highlighted increasing emphasis on creating and building new strong brands in the industry.Read More

China has granted allowances for 3,180 tonnes of ferrous scrap imports in the second round of import quotas issued by the China Solid Waste & Chemicals Management Center on Wednesday January 8. This represents a more than four-fold increase from the previous ferrous scrap quotas which totaled 610 tonnes issued in October 2019. The first round of import quotas for 2020, announced at the end of Dece...Read More

If you ask an executive at your local mill in the United States which way prices will go in 2020, they will probably tell you nowhere but up.That would not be incorrect. Between late October and the end of last year, US steel mills rolled out four price increases totaling at least $150 per ton ($7.50 per hundredweight). And prices have since risen steadily.Fastmarkets' daily steel hot-ro...Read More