Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
The three-month aluminium price on the London Metal Exchange was subject to strong afternoon buying before the close of trading on Monday November 2.The upward momentum was broadly incongruous with a strong US dollar index ahead of the country's presidential election this week, while zinc followed higher in a mixed close for LME base metals.Aluminium's outright price closed at $1,866 per tonne on...Read More
Bob Moriarty ArchivesNov 2, 2020I’m of mixed emotions about where we stand in the gold and silver resource market. Traditionally we have two tradable lows a year, one in the summer and the other at the end of tax loss silly season in December. I was spot on when calling for a correction but I have been hoping it would extend to a DSI of 10 or below. While the DSI on gold hit a low of 16 on O...Read More
China's copper industry is bracing itself for another ban on raw materials imports after escalating trade tensions with Australia led to reports of the potential cessation of trade in the red metal between the two nations.A report in the daily South China Morning Post newspaper cited multiple unnamed sources who claimed that a ban on imports of Australian copper ores and concentrate...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Gold has climbed about US$20 an ounce since this point yesterday to almost $1,896/oz on the spot market.Silver was up slightly to more than $24/oz on the spot market.Newly-listed Gatos Silver hit a fresh high in Toronto (TSX: GATO) yesterday, closing up 2.9% to C$9.11 after debuting on the New York and Toronto stock exchanges last week, having raised US$150 million in its IPO priced at $7 per shar...Read More
China's copper industry is bracing itself for another ban on raw materials imports after escalating trade tensions with Australia led to reports of the potential cessation of trade in the red metal between the two nations.A report in the daily South China Morning Post newspaper cited multiple unnamed sources who claimed that a ban on imports of Australian copper ores and concentrate...Read More
Seaborne prices for both low-and high-grade manganese ore in China ticked down further in the week to Friday October 30, with falling portside ore prices and rising portside inventories continuing to weaken domestic market sentiment and buying appetite, sources said.Fastmarkets manganese ore index 37% Mn, cif Tianjin fell by 4 cents - or 1% - to $3.88 per dmtu on Friday November 2.Fastmarkets mang...Read More
The latest data for the global manganese ore market for the week ended November 02, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
China's government has launched a new energy vehicle (NEV) industry development plan to run from 2021 to 2035 in order to promote and stimulate high-quality, sustainable development of China's new energy automotive industry, according to an official announcement on Monday November 2.China's government has continued its efforts to support and stimulate the development of the NEV industry, and the l...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday November 2, with the short-term outlook uncertain with much of Europe moving into tighter lockdowns, while China's new five-year plans look supportive, as does the economic data out of China and Japan this morning. Japan and China report stronger manufacturing purchasing managers inde...Read More
Share this articleTORONTO - Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following a "seismic event" on Friday afternoon.The Toronto-based company says all employees were safely brought to the surface after the event which occurred at about 2:30 p.m. ET.The company adjusted the way it operates the mine after reporting increased seismic act...Read More
Share this articleTORONTO - Yamana Gold Inc. says it has signed a deal to buy Monarch Gold Corp.'s Wasamac project and Camflo property and mill through the acquisition of all of the outstanding Monarch shares it does not already own for $152 million in cash and shares.In connection with the plan, Monarch will first spin out to its shareholders its other mineral properties and certain other assets...Read More
China's government has launched a new energy vehicle (NEV) industry development plan to run from 2021 to 2035 in order to promote and stimulate high-quality, sustainable development of China's new energy automotive industry, according to an official announcement on Monday November 2.China's government has continued its efforts to support and stimulate the development of the NEV industry, and the l...Read More
Belgian battery-materials manufacturer Umicore expects a solid performance in 2020 despite unprecedented and challenging market conditions amid the global Covid-19 pandemic, the company said on Monday November 2. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the range of ?,?465-490 million ($542-571 million) on the condition that the ongoing spread o...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index fell 58.1 points or 5.2% to 1050.80.MACD, our long-term momentum indicator, tumbled 9.41 points to -9.92. Our short-term momentum indicator, RSI, plunged 36% or 22.17 points to 40.02. MACD is a longer-term buy/sell indicator. It is most useful when it's trending in th...Read More
Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on Monday November 2.This production figure placed Turkey as the seventh biggest steel producer in the world this year, exceeding Germany, which held the position in 2019.Turkey pro...Read More