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

Fastmarkets has corrected its weekly manganese ore 37% Mn cif Tiajin and fob Port Elizabeth indices, which were published incorrectly on Friday November 20 due to a reporter error.Fastmarkets' weekly index for manganese ore 37% Mn fob Port Elizabeth, $/dmtu (MB-MNO-0003) should have been $3.72 per dry metric tonne unit (dmtu), instead of $3.70 per dmtu as it was previously published.Fastmarkets' w...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More

Trader Afrimet Resources (AMR) will invest up to C$650,000 ($497,000) in Canadian exploration company Tantalex Resources Corp in a private placement that gives AMR shares and rights to buy additional shares in Tantalex.As part of the transaction, Hadley Natus, AMR's founder, becomes director and chairman of the board of Tantalex - one of many management changes announced by Toronto-based Tantalex...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More

The Turkish deep-sea scrap import market went quiet on the second working day of the week, with mills instead focusing on finished long steel and billet sales, sources told Fastmarkets on Tuesday November 24.After a steel mill in the Marmara region booked a European cargo at an average price of $332.50 per tonne cfr for a mixture of HMS 1&2 (75:25), shredded and bonus on Monday, mills we...Read More

Bans on the export of ferrous scrap by various key suppliers of material to India and Pakistan have restricted import flows at the same time that demand has been returning to these markets, pushing prices higher, Fastmarkets has learnt.Demand for imports of steel scrap fell sharply when India went into its strict lockdown during March in response to the Covid-19 pandemic. Trading effectively...Read More

The base metals on the London Metal Exchange were firmer across the board this morning, Tuesday November 24, although those on the Shanghai Futures Exchange were mixed following the weakness seen on the LME on Monday. US president-elect Joe Biden plans to nominate former Federal Reserve chair Janet Yellen to become Treasury Secretary......the market seems to see Yellen as a safe pair of handsCoppe...Read More

Nov 20, 2020 Guest(s): JR Rahn Founder, Co-CEO, MindMed Earlier this month, Oregon became the first state to legalize the use of psilocybin for medicinal purposes through Measure 109, and decriminalized the use of all drugs with Measure 110. Since the Measures passed in November, MindMed shares (MMED.NE) has soared 70%, last trading at $1.55. The legalization of psilocybin reflects the rising po...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 24 that are worth another look.European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of...Read More

Neometals Ltd (ASX: NMT) innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. With a focus on the energy storage megatrend, the strategy revolves around de-risking and developing long life projects, with strong partners and integrating down the value chain to increase margins and return value to shareholders. We learned from Mike Tamlin, COO of...Read More

Solar is taking off. I don't know what it's like where you live, but here in the outer suburbs of Maryland, solar panels are going up like aluminum siding in the 1950s. Not only is it trendy, but it's also ugly and seems to make fiscal sense.What you may not know is that black mirrors on McMansions are only half the story. Solar demand from corporations is up huge.AT&T is buying up 500 megawatts (...Read More

Hot-rolled coil prices in the United States have risen to their highest in almost exactly two years after more buyers perceived that a true steel shortage is intensifying for the end of 2020 and the beginning of the first quarter of 2021. Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $39.08 per hundredweight ($781.60 per short ton) on Tuesday November 24, up 0.7% fro...Read More

The domestic price for hot-rolled coil in Northern Europe increased day on day on Tuesday November 24, supported by tight supplies, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?545.05 ($646.61) per tonne on Tuesday, up by ?,?2.55 per tonne from ?,?542.50 per tonne on Monday November 23.The index was up by ?,?15.47 per to...Read More

Steel billet and rebar prices in the United Arab Emirates increased this week, although most producers were fully booked and were not offering any products, sources told Fastmarkets on Tuesday November 24.Domestic rebarThe country's steel producers were offering rebar at 1,984,1,985 dirhams ($540) per tonne ex-works, with orders to be produced in December, but only a few producers had allocat...Read More

The export market for long steel products from the Commonwealth of Independent States (CIS) went up in the week to Monday November 23 on a generally positive mood in the global steel market and higher prices for steel billet feedstock.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS, was $490 per tonne on November 23, up from $465-468 per tonne fob...Read More

Seaborne iron ore prices were mostly stable on Tuesday November 24, due to limited physical trading - although futures gained because of a drop in cargo movements, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.42 per tonne, up $0.18 per tonne62% Fe low-alumina fines, cfr Qingdao: $127.67 per tonne, up $0.18 per tonne58% Fe fines high-grade premium...Read More

The Turkish deep-sea scrap import market went quiet on the second working day of the week, with mills instead focusing on finished long steel and billet sales, sources told Fastmarkets on Tuesday November 24.After a steel mill in the Marmara region booked a European cargo at an average price of $332.50 per tonne cfr for a mixture of HMS 1&2 (75:25), shredded and bonus on Monday, mills we...Read More

Seaborne iron ore prices were mostly stable on Tuesday November 24, due to limited physical trading - although futures gained because of a drop in cargo movements, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.42 per tonne, up $0.18 per tonne62% Fe low-alumina fines, cfr Qingdao: $127.67 per tonne, up $0.18 per tonne58% Fe fines high-grade premium...Read More

Bans on the export of ferrous scrap by various key suppliers of material to India and Pakistan have restricted import flows at the same time that demand has been returning to these markets, pushing prices higher, Fastmarkets has learnt.Demand for imports of steel scrap fell sharply when India went into its strict lockdown during March in response to the Covid-19 pandemic. Trading effectively...Read More

The export price for steel slab from the Commonwealth of Independent States (CIS) went up during the week to Monday November 23, mainly on a huge upswing in prices for hot-rolled coil, Fastmarkets heard.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $485-495 per tonne on November 23, up by $25 per tonne from $460-470 per tonne fob a week earlier.Slabs offers w...Read More