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

CME Group's busheling futures trade spiked to 1,028 lots (20,560 tons) on Monday November 23; all prices jumped day on day, with the January-June 2020 contracts rising to between $380 and $385 per gross ton, widening the spot-futures contango up to $85.The front month December contract received six trades at $350 per ton before settling $10 higher day on day at $352 per ton, according to the excha...Read More

Mexican steelmakers raised their buying prices for ferrous scrap in the week to Friday November 20 on tight supply of the raw material and strong demand for steel products.There were reports of price increases from most major scrap buyers during the week, with firm demand for all grades. Prices in the central region of Baj?-o remained higher than the average prices near the northern city of M...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Dollar Tree gained $3.20 to $100.81 after reporting higher than consensus third quarter revenues and earnings.Abercrombie & Fitch added $1.79 to $22.68 after reporting higher than consensus third quarter revenues and earnings.Wells Fargo advanced $0.84 to $27.14 after Raymond James u...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

The seaborne premium hard coking coal fob index jumped on Tuesday November 24 due to latest transactions sealed at higher prices while the premium hard coking coal cfr price also increased after Chinese steel mills had to pay a premium for high-quality hard coking coal from countries other than Australia.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.67 per tonne, up $9.45 per tonnePr...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

China's hot-rolled coil prices were largely stable on Tuesday November 24, though trading activity weakened amid colder weather.DomesticEastern China (Shanghai): 4,120-4,140 yuan ($627-630) per tonne, unchangedSeveral Shanghai-based traders said thin trading during the day, with some buyers expecting prices to fall due to the onset of winter.One of the traders said trading activity in northern Chi...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

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 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

An overview of the chrome ore and alloy markets and their latest price moves.China Prices for UG2 chrome ore fell more slowly, amid limited trading activity. The spot ferro-chrome price remained steady with sentiment buoyed by power restrictions in Inner Mongolia, the major production region for high-carbon ferro-chrome. Falling stainless steel prices also weighed...Read More

China produced 21.97 million tonnes of crude stainless steel in the first nine months of 2020, according to data released by the China Stainless Steel Council (CSSC) on November 13.This is a 516,200 tonnes (2.3%) drop compared with the output over the same period of last year, the CSSC said.China's apparent stainless steel...Read More

This week's episode features world-renowned economist David Rosenberg in a fireside chat with Northern Miner group publisher Anthony Vaccaro at the Global Mining Symposium on Nov. 12. David and Anthony discussed the impact of the Pfizer vaccine on economic growth, interest rates, bitcoin vs. gold, and much, much more in this hour-long in-depth discussion.All this and more with online editor and ho...Read More

Describing silver as a "metal important for future technologies" (MIFT) in a new report on the outlook for commodities in 2021, Bank of America said the "current focus on decarbonisation/solar panels should support fundamentals.""The silver market has rebalanced on production discipline and demand from new applications including solar panels," the bank stated. "If more spending on solar panels com...Read More

Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported new drill results from its fully-funded $21 million exploration program on its 100%-owned flagship Dixie project, about 25 km southwest of Red Lake, Ontario.The latest drill results are from holes spaced 40-150 metres apart in previously undrilled gaps and step-outs on a 4,200 metre by 500 metre drill grid on the LP zone. The zone is a...Read More

O3 Mining (TSXV: OIII) has reported new drill results from the Gold Hawk zone at its Marban gold project, part of the company's wholly-owned Malartic property located near Val d'Or, Quebec.The current 45,000 metre drill program is focused on expanding mineralization outside of proposed pit areas previously outlined in a preliminary economic assessment released in early September.O3's president and...Read More

If leadership on climate action and environmental best practices are worthwhile pursuits, then the Canadian mining sector is an industry that's deserving of Canada's - and the global market's - full support.And if a strong regulatory framework for environmental performance, growing Indigenous support and a superior record on human rights are equally important benchmarks, then our country's mining...Read More

Underground at the MCSA copper complex Credit: Ero CopperVancouver-based copper and gold producer Ero Copper (TSX: ERO) has tabled an updated resource and reserve statement for its NX Gold mine in Brazil. With this update, the underground operation now has an expected mine life of six years.In conjunction with the updated reserve numbers, Ero released an updated mine plan for NX Gold, which sugges...Read More

Castle Mountain heap leach Credit: Equinox GoldEquinox Gold's (TSX: EQX; NYSE-AM: EQX) Castle Mountain mine in California has declared commercial production. The open-pit, heap leach operation poured its first gold on Oct. 15 and is expected to generate 5,000 to 10,000 oz. of gold for the company this year. The company completed construction of the asset in mid-September.In its first, 12,700 tonne...Read More