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
Prices for seaborne iron ore concentrate and pellets continued to rise in the week ended Friday November 20 amid an increase of demand among Chinese steelmakers due to costlier coking coal, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $137.39 per tonne, up $4.89 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $157.96 per tonne, up $0.24 per tonneKey dri...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. Index futures responded to news that AstraZeneca has tested a COVID 19 vaccine that is 90% effective. Netflix added $3.25 to $491.49 after JP Morgan raised its target price from $615 to $628.Urban Outfitters advanced $0.23 to $30.15 after JP Morgan raised its target price from $19 to $27...Read More
Seaborne hard coking coal fob Australia prices have eased on Monday November 23 amid talk in the market of Chinese buyers possibly re-selling cargoes that have been floating on water, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $99.22 per tonne, up $0.82 per tonnePremium hard coking coal, cfr Jingtang: $160.27 per tonne, unchangedHard coking coal, fob DBCT: $90.53 per tonne...Read More
China's domestic hot-rolled coil prices fell on Monday November 23, but mills maintained their export offers at high levels amid a bullish outlook.DomesticEastern China (Shanghai): 4,120-4,140 yuan ($628-631) per tonne, down 20 yuan per tonneSources in Shanghai said that spot prices weakened after HRC futures fell.Trading on Monday was also thin, they said.A Tianjin-based trader said HRC futures h...Read More
The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals. US dollar index remains weak, helping to underpin metal pricesBase metals The three-month base metals prices on the London Metal Exchange were mixed, with zinc and lead weaker by 0.2% and 0.6% at $2,795 per tonne and $2,017 per tonne respectively...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday November 20.China Overseas consumers were actively sourcing material in anticipation of even higher purchase costs given soaring freight fees and rising silicon prices in China. Domestic price strength also supported higher offers from exporters. Chinese silicon producers said....Read More
Weak end-user demand continued to push the tantalum concentrate price down to a fresh 2020 low in the week ended Friday November 20. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $48-50 per lb on Friday, down from the previous week's assessment of $50-52 per lb and a fresh year-to-date low. "Demand from the electronics sector is still weak and China is still n...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...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...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 that this process was...Read More
The European ferro-silicon market has risen over the past week to a range not seen for more than six months, sources told Fastmarkets on Monday November 23.And with tight domestic availability and no likelihood of any significant volume of imported material for some time to come, there was expectation in the market of further price increases in the coming weeks.Underscoring market sentiment for an...Read More
Portside prices of both low and high-grade manganese ore in China ticked down in the week ended Friday November 20, after many domestic alloy smelters retreated from the market following a wave of restocking that had contributed to price gains in the prior two weeks.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 30.60 yuan ($4.66) per dmtu on November 20,...Read More
Seaborne prices of both low and high-grade manganese ore in China registered further falls in the week to November 20 after falling portside ore prices and continuously rising port inventories continued to weigh on overall market sentiment, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin fell by 13 cents, or 3.4%, week on week to $3.70 per dry metric tonne unit (dmtu) on Friday N...Read More
Since acquiring the Kandiole project in Mali three years ago, Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has served up some of the best drill intercepts in West Africa and made significant discoveries on its large land package, about 25 km east of B2Gold's (TSX: BTO; NYSE-AM: BTG) producing Fekola mine.The Kandiole project, about 400 km west of Mali's capital Bamako, is situated in the Birimian Greens...Read More
Argonaut Gold (TSX: AR) has discovered four new, high-grade gold zones at its past-producing Magino gold project in Ontario. These four zones - Scotland, #42, Sandy and South - are either below or adjacent to the planned Magino pit boundaries and lie between 350 and 700 metres southwest of the known Elbow zone.Drill highlights include 7 metres of 14 grams gold per tonne from Scotland starting at 4...Read More
Silver and gold producer Great Panther Mining (TSX: GPR; NYSE-AM: GPL) has released updated mineral resource estimates for the Guanajuato and San Ignacio underground mines within its wholly owned Guanajuato mine complex (GMC) in Mexico.Combined measured and indicated resources increased by 17%, to 10.2 million silver-equivalent ounces. These ounces are within 821,851 tonnes, grading 199 grams silv...Read More
Caldas Gold (TSXV: CGC) is raising $85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name - Aris Gold.Once the financing is completed, the expansion of Caldas Gold's Marmato mine in Colombia will be fully financed, with construction expected to begin in the second half of 2021.The new management team will...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningThe key word in that opening paragraph is historic, not merely because tens of billions of dollars...Read More
Commodities trader Trafigura has inked an agreement with the Congolese government to help improve conditions at informal mine sites in return for cobalt supplies. As part of the offtake deal with state-owned Entreprise G?(C)n?(C)rale du Cobalt (EGC), Trafigura will fund the creation of up to six strictly controlled artisanal mining zones.The company will also install ore purchasing stations in a...Read More
EY Thought Leadership Panel - GMS: November 10th, 2020 from The Northern Miner on Vimeo.Read More