The price for rebar produced and delivered in Southern Europe remained flat on Wednesday March 20, after narrowing upward last week while producers continued to put pressure on prices.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?515-520 ($584-590) per tonne delivered on Wednesday, after climbing from ?,?510-520 per tonne a week ago.Prices have...Read More

The price range for rebar produced and delivered in Northern Europe stayed flat on Wednesday March 20, although higher scrap prices were adding to the pressure that suppliers exerted in negotiations.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe remained at ?,?540-550 ($613-624) per tonne delivered on Wednesday, while buying activity remained modest against the current...Read More

Stainless steel scrap prices in the United States hit a wall this week as recent growth in the London Metal Exchange's nickel cash contract cooled off, sources told Fastmarkets AMM."I have my doubts that prices will continue their upward trend, and I am not as concerned about a quick retreat to the downside either," one dealer source said. "Demand is steady, supply is not excessive and export buyi...Read More

The United States' ferrous scrap export market has continued to show resilience, with some docks raising buying prices along the East and West Coasts while container prices held steady.On the West Coast, docks raised prices by $10 per gross ton, sources confirmed, while  the containerized price for an 80:20 mix of No1 and No2 heavy melting scrap (HMS) was steady at $285 per tonne fas Los Ange...Read More

Turkish steel producers have continued to stay back from the deep-sea scrap markets due to sluggish demand for finished steel and the firmness of the offers from scrap merchants, sources said on Wednesday March 20.Offers for HMS 1&2 (80:20) grade material from the United States remained at $330 per tonne cfr, but mills were not willing to pay such high prices, Fastmarkets was told.Besides, the wea...Read More

Iron ore prices fell on Wednesday March 20 after Brazilian miner Vale announced it has been given the go-ahead to restart operations at its Laranjeiras tailings dam in Minas Gerais state.MB 62% Fe Iron Ore Index: $84.30 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.42 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.16 p...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 65% Fe Iron Ore Carajas, traded at the May average of the Fastmarkets MB 65% Fe Iron Ore Index at a premium of $0.40 per tonne, laycan March 25-April 3.BHP, Global Ore, 90,000 tonnes of 62.5%...Read More

Trading in the seaborne coking coal spot market remained largely muted on Wednesday March 20 despite the emergence of slightly lower offers.A top Australian brand with a laycan of April 20-29 was sold to an end user in northern China at $212 per tonne cfr China, sources told Fastmarkets. The transaction was heard after the cut-off time for Fastmarkets' indices, and as such was not included in the...Read More

The United States' copper market was at a standstill during trading on Wednesday March 20 morning, with a stronger dollar adding pressure to the complex. The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down 0.15 cents to $2.9215 per lb.The dollar index was trading at 96.46, up 0.07%. Over the past few sessions, the market has entered a consolida...Read More

Import prices for stainless steel in East Asia edged down again over the past week, with the downtrend in nickel contributing to a reduction in trading activity. Buyers remained in wait-and-see mode because of the nickel situation, while some sellers were willing to accept lower prices to secure more orders, sources said.Fastmarkets' weekly import price assessment for benchmark 304 stainless...Read More

Zinc's three-month price on the London Metal Exchange was higher during morning trading on Wednesday March 20, maintaining upward momentum above $2,800 per tonne amid slow zinc output in China. Total LME zinc stocks remain at their lowest level since 2008 at 58,150 tonnes, with on-warrant material at 44,200 tonnes. The three-month price reached its highest level since July 2018 at just under $2,90...Read More

Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday March 20.The exceptions were copper and tin prices that were both down by 0.1%, with copper at $6,454 per tonne, compared with $6,459 per tonne at Tuesday's close. The rest were up by between 0.2% for aluminium and 0.6% for both zinc and lead. Volume was average, with 6,563 lots traded...Read More

The following Fastmarkets minor metals prices changed on Wednesday March 20:Antimony MB free market regulus, $/tonne: $7,400-7,700 per tonne from $7,500-7,800Antimony MMTA standard grade II, $/tonne: $7,300-7,600 per tonne from $7,400-7,700Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 45,000-46,000 yuan per tonne from 46,000-46,500 yuanCobalt...Read More

Chinese silicon market participants are downplaying the effect of a planned 10% reduction in electricity prices on silicon prices despite electricity accounting for around 40% of silicon production costs in the country. Chinese Premier Li Keqiang on March 5 announced a 10% reduction in average electricity prices for industrial users in a move aimed at reducing manufacturers' production costs. The...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 20:Titanium scrapTurnings, unprocessed type 90/6/4, 0.5% Sn max: $1.05-1.15 per...Read More

Between listing on the TSX Venture Exchange in January 2018 and graduating to the Toronto Stock Exchange in October the same year, Troilus Gold (TSX: TLG; US-OTC: CHXMF) drilled 36,000 metres of drilling on its namesake property in Quebec and boosted the project's mineral resources by 90%.In November the junior exploration company reported its Troilus gold project contains indicated resources of 3...Read More

1. The latest U.S. central bank announcement was a win-win for gold.2. If the Fed surprised analysts and hiked rates, the stock market probably crashes, and gold stocks rally strongly.3. As expected, the Fed did nothing and gold stocks outperformed.4. It's a clear win-win situation for gold bugs around the world.5. I'm adamant that the U.S. stock market would already look somewhat akin to the 1929...Read More

Rare precious metal palladium has shot out the lights this year, continuing to climb to record highs ever since rallying substantially in mid-2018. This has been a confusing event for some pundits, because the metal has traditionally performed poorly, trailing behind other precious metals, including platinum and gold. Palladium has performed so strongly that the amount of the white metal required...Read More

In 2016, I asked when uranium prices would ever recover. At the time, the uranium spot market was pricing in a big rebound. In fact, JPMorgan Chase & Co. estimated that uranium prices would more than double by 2020.That resurgence never came. Today, prices are still near decade-long lows.While many uranium investors have thrown in the towel, a major boom could be just around the corner. This...Read More

Last year was a tough time for investors in gold miner Pretium Resources Inc. (TSX:PVG)(NYSE:PVG), with the market heavily marking down its stock after its flagship Brucejack mine failed to deliver as promised. Even after rallying sharply over the last month, Pretium is still down by 2% since the start of 2019 trailing gold, which has gained almost 3% and created an opportunity for investors seeki...Read More