Key data from the Friday September 11 pricing session in London and Shanghai.Key drivers Range for cobalt hydroxide payables widened in the second half of last week, after business was concluded at both ends of the latest range; the midpoint of the range moved up slightly, however, with suppliers managing to achieve...Read More

Inflation, a weaker U.S. dollar, concerns over national debt levels, increasing gold prices, and rising investment demand - all stemming from the government's fiscal and monetary response to the COVID-19 pandemic - will likely be the key the drivers for silver prices through the rest of 2020 and 2021.Governments around the world have already spent tens of trillions of dollars amid the coronavirus...Read More

China's nickel sulfate price was unchanged on Friday September 11, snapping a run of seven straight weeks of gains.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 27,000-28,000 yuan ($3,949- 4,096) per tonne on Friday, flat from a week prior. There was limited trading activity over the past week, but a lack of spot supply helped support the mark...Read More

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on Monday September 14.While most market participants expected increases in the range of 10-13% for October, some have reported price increases of 15%. The latest price changes add to a series of rises that started in July...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Monday September 14, although steelmakers were continuing to seek higher prices, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?476.45 ($564.32) per tonne on Monday, up by ?,?0.44 per tonne from ?,?476.01 per tonne on September 11.The...Read More

Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More

Steel rebar producers in Egypt have increased their prices with effect from Monday September 14, Fastmarkets has learnt.The country's biggest producer, Ezz Steel, was now offering rebar at E ?10,100 ($640) per tonne ex-works including 14% VAT. This was up from E ?9,750 per tonne ex-works including VAT. ...Read More

China's domestic rebar prices moved up slightly on Monday September 14 to track movements in the billet market, but the increases failed to stimulate much demand. DomesticEastern China (Shanghai): 3,700-3,720 yuan ($542-545) per tonne, up by 20 yuan per tonneBillet prices in Tangshan rose over the weekend on active buying, which led to those for rebar following suit on Monday.But rain and a weak f...Read More

Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More

Iron ore prices gained again on Monday September 14, with market sources expecting mills to replenish their iron ore inventory before the Golden Week holiday in October in China, which resulted in active trading at ports and a rise in prices.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $130.17 per tonne, up $1.80 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.22 per tonne, up...Read More

Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More

Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More

Outcrop Gold reported it has drilled 0.95 meters of 10,784 grams per tonne silver equivalent at its wholly owned Santa Ana project in north Tolima, Colombia. Outcrop Gold Santa AnaIn a news release, precious metals explorer and prospect generator Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced assay results from drilling on its 100%-owned Santa Ana project in north Tolima, Colombia...Read More

Bob Moriarty of 321gold explains why he is confident the company will hit copper with its new drill program. GSP Resource Corp. (GSPR:TSX.V; GSRCF:OTCBB) put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck's Highland Valley Mine. When I read the press release...Read More

The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action.  That’s why gold stalled out since, driftingsideways flirting with a correction.  To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume.  The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More

Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More

Here are five Fastmarkets stories you might have missed on Friday September 11 that are worth another look.Rio Tinto chief executive officer Jean-Sebastien Jacques and iron ore head Chris Salisbury are to step down following criticism over the miner's destruction of sacred Aboriginal caves in Pilbara, Western Australia.The...Read More

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

Atlantic Nickel, a Brazil-based nickel producer owned by private-equity fund manager Appian Capital Advisory, plans to develop its Santa Rita operation into an underground mine in the next eight years, with an economic feasibility study to be run in 2021.The move would increase production capacity from the current 20,000-25,000 tonnes per year (tpy) in nickel content to 40,000-45,000 tpy, accordin...Read More