Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses showed significant divergences in the week to Friday November 20, with copper slumping by 18% and tin surging by 10%.Copper stocks were at their lowest since Fastmarkets began to track SHFE copper inventories in 2015, according to Fastmarkets analyst Boris Mikanikrezai.On a week-on-week basis, copper stocks in Sha...Read More
Seaborne premium hard coking coal prices in both fob DBCT and cfr Jingtang markets edged up on a daily basis on Friday November 20 although the ongoing restriction from China on Australian coal imports has caused a widening differential between the prices since late October. Fastmarkets indices Premium hard coking coal, fob DBCT: $98.40 per tonne, up $0.82 per tonne Premium hard coking coal, cfr J...Read More
Seaborne iron ore prices rose on Friday November 20 due to a rise in steel product prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $128.83 per tonne, up $0.94 per tonne62% Fe low-alumina fines, cfr Qingdao: $129.29 per tonne, up $0.93 per tonne58% Fe fines high-grade premium, cfr Qingdao: $118.69 per tonne, up $0.99 per tonne65% Fe Brazil-origin fines, cfr...Read More
Base metals prices on the London Metal Exchange all started Friday November 20 higher on hopes of future infrastructure spending and despite the fact that US Treasury Secretary Steven Mnuchin said the Federal Reserve would not to extend its emergency lending programs to businesses past the end of 2020.Copper's three-month price, for example, was up 1% to $7,164 per tonne from Thursday's closing pr...Read More
Eastern China's rebar prices strengthened further on Friday November 20 amid rising futures, and ended the week 130 yuan per tonne higher, raising the interest of mills in the country's northern region.DomesticEastern China (Shanghai): 4,190-4,220 yuan ($631-635) per tonne, up by 40 yuan per tonneNorthern China (Beijing) weekly assessment: 3,850-3,900 yuan per tonne, down by 60-80 yuan per tonnePr...Read More
The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar. Metals unfazed by US Treasury Secretary Steven Mnuchin's call not to extend emergency lending programs to businessesEuropean Union still struggling to pass its ?,?1.18 billion ($1.40 billion) coronavirus rescue packageBase metals Three-month base metals prices on the London...Read More
Key data from Fastmarkets' pricing session on Friday November 20.Key drivers Transacted volumes were low in the daily pricing session, continuing a recent theme that was a result of the focus on annual contract discussions for both metal and hydroxide. Three sources that they had concluded some contracts, but others said...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Ewa Manthey in London, Susan Zou, Amy Lv...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard...Read More
The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt hydroxide.....Read More
November 20, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed a non-brokered private placement of flow-through common shares of the Company for gross proceeds of C$4,461,120 (the “Private Placement“). Each flow-through share (a "FT Share") was issued at a price of C$0.36 and is comprised of one common flo...Read More
Victoria Gold (TSXV: VGCX) commenced production at its Eagle heap-leach mine in the Yukon on July 1 - perhaps the only new gold mine in the world to launch in the midst of a global health crisis."It's going reasonably well, but if I had my druthers, then we wouldn't be ramping-up a new gold mine during a pandemic," John McConnell, Victoria Gold's president and chief executive, said during The Nort...Read More
David Rosenberg - Featured Speaker - GMS: November 12th, 2020 from The Northern Miner on Vimeo.Read More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has reported the highest-grade gold assay to date at its wholly owned Cerro Blanco gold project in Guatemala, 160 km southeast of Guatemala City.As part of an underground drill program in the South Zone, drill hole UGCB20-180 intersected 1 metre grading 1,380 grams gold per tonne and 2,194 grams silver per tonne from 175 metres downhole. The intercep...Read More
Investment management firm Paulson & Co. said today it would call a special meeting of shareholders to "refresh" Midas Gold's (TSX: MAX) board, in which the New York-based company has a 44.1% stake.Paulson said the move comes ahead of a major federal permit Midas is set to receive next year, as the public comment period closes on the draft environmental impact statement (EIS) for the company's Sti...Read More
Zambia, Africa's second-largest copper miner, produced 646,111 tonnes of the metal in the first nine months of 2020, up from 590,321 tonnes in the same period last year, official figures show.The country's mines and minerals ministry attributed the 9.45% rise to increased mine output. The East African nation now expects total production for the year to reach 820,000 tonnes, driven by rising copper...Read More
Secondary aluminium alloy prices continued to rise on Thursday November 19, with the spreads between the benchmark A380.1 and the less liquid A360.1 and A413.1 grades at the narrowest point since Fastmarkets began assessing these prices.Fastmarkets assessed aluminium alloy A380.1, delivered Midwest at 93-95 cents per lb on November 19, up 3.3% from 90-92 cents per lb the previous week and up ...Read More
Steelmakers in South Korea have focused on procuring steel scrap from their domestic market, along with some cut-price deals from Japan, over the past week, sources said on Friday November 20.At least three South Korean mills purchased H2 scrap from Japan at ?30,500 per tonne fob over the week - which is equivalent to around ?32,500 per tonne cfr South Korea, according to market participant...Read More