"The fundamental backdrop looks good. Interest rates remain low, money supplies excessive (quantitative easing), and we are doubtfulContinue...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Across the regions, producers of welded linepipe and oil-country tubular goods (OCTG) saw their margins shrink with substrate costs increasing in the third quarter of 2020.Many have been attempting to protect margins with higher prices, with varying degrees of success. Europe-origin commodity-grade steel hot-rolled coil and...Read More

Freeport Resources' new copper-gold project in Papua New Guinea already has a 5.7 million ounce gold equivalent resource estimate. Papua New Guinea, located along the Pacific Rim of Fire, features a number of large gold-copper mines, including the massive Ok Tedi copper, gold and silver mine and the Porgera gold mine. Across the border, on the Indonesian side of the island, sits Freeport McMoRan'...Read More

Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions. More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture persp...Read More

Technical analyst Clive Maund charts recent movements in the gold market and what they may indicate going forward. In the last Gold Market update we had thought that it might break out upside from the Triangle that was forming, mainly because of its positive Accumulation line coupled with favorable seasonal factors, but instead, after moving sideways for a while, it broke down, as we can see on i...Read More

Cabral Gold reported channel sample results measuring 24.0 g/t gold at its Jerimum North target located within the Cui? Cui? gold district in northern Brazil. Cabral Jerimum NorthIn a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCBB) announced channel sampling results for its Jerimum North target located in the Tapaj?s Region's Cui? Cui? gold district within the state of Par? in northern Br...Read More

Troilus Gold reported surface samples returned up to 9.7 g/t gold and 32.5 g/t silver from outcrop. Beyan areaTroilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced in a news release it discovered a new zone of gold mineralization at its Troilus project in Quebec's Fr?tet-Evans greenstone belt, which it is calling Beyan.It is located 8 kilometers to the southwest of the Southwest zone and currently...Read More

Ely Gold Royalties' new royalty will be on 46 mining claims surrounding the Cot? gold project. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced it agreed to purchase a 1% net smelter returns royalty on 46 mining claims in Ontario from Sanatana Resources for total consideration of $3 million.The claims, also known as the Watershed property, are located in Onta...Read More

"Tomorrow, tens of thousands of essential aviation workers will wake up without a job or healthcare and tens of thousands more will be without a paycheck." Continue...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 1 that are worth another look.The fast steel market recovery seen in Brazil in the past few months has led the country's steelmaker association, Instituto A??o Brasil, to revise its forecasts for 2020 up significantly from previous expectations set...Read More

The Fed Vice Chair says that the Fed will not even think about hiking interest rates until the inflation reaches 2 percent. Meanwhile, the price of gold decreases further. What is exactly happening in the gold market?Over the last week, several Fed officials spoke publicly with the purpose of convincing investors that their new policy strategy would be positive for the economy. Powell himself test...Read More

A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to June 30, 2020.In briefEzz Steel said that its net sales were down because of, "the suspension of new building permits in particular and the drop-in construction activity in general."Egypt imposed a domestic construction ban on May 25, however, the...Read More

Here are five Fastmarkets stories you might have missed on Wednesday September 30 that are worth another look.Bangladeshi conglomerate Bashundhara Group has decided to build a large steelmaking furnace that will boost the country's demand for imports of scrap steel over the coming years, sources...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 1 that are worth another look.The fast steel market recovery seen in Brazil in the past few months has led the country's steelmaker association, Instituto A??o Brasil, to revise its forecasts for 2020 up significantly from previous expectations set...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Across the regions, producers of welded linepipe and oil-country tubular goods (OCTG) saw their margins shrink with substrate costs increasing in the third quarter of 2020.Many have been attempting to protect margins with higher prices, with varying degrees of success. Europe-origin commodity-grade steel hot-rolled coil and...Read More

Domestic prices for hot-rolled coil in Europe were fairly stable day on day on Thursday October 1, with buyers holding back from making new deals until the market trend became clear, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?490.77 ($575.37) per tonne on Thursday, down by just ?,?0.14 per tonne from ?,?490.91 per ton...Read More

Domestic prices for cold-rolled coil in Europe were fairly stable in the week to Wednesday September 30, with long lead times pushing buyers into backing away from new deals, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?560-590 ($657-692) per tonne on September 30, compared with ?,?560-580 per tonne a week earlier.The asses...Read More

Here are five Fastmarkets stories you might have missed on Thursday October 1 that are worth another look.The fast steel market recovery seen in Brazil in the past few months has led the country's steelmaker association, Instituto A??o Brasil, to revise its forecasts for 2020 up significantly from previous expectations set...Read More

The three-month copper price on the London Metal Exchange tumbled at the close of trading on Thursday October 1, while the rest of the complex reacted to news that US lawmakers remained at odds over the country's pandemic relief efforts. Copper's outright price on the LME closed at $6,387 per tonne on Thursday afternoon, declining from an intraday high of $6,710 per tonne, while turnover was at it...Read More

The London Metal Exchange three-month lead price rose during morning trading on Thursday October 1, with a large fresh cancelation of some 15,075 tonnes supporting the incline while LME nickel futures similarly traded in positive territory despite thin volumes.LME lead's outright price was recently trading at $1,835.50 per tonne, climbing by 0.5% from a morning low of $1,811.50 per tonne, while tu...Read More