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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda and Declan Conway contributed to this...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Adam HamiltonArchivesNov 27, 2020 The silver miners' stocks have been grinding lower on balance since early August in a healthy correction. This necessary rebalancing is achieving its mission of dampening enthusiasm, paving the way for this sector's next bull upleg. Rebounding from governments' COVID-19 lockdowns, operating and financial results improved dramatically in the recently-reported Q3. B...Read More
Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.Turke...Read More
Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More
The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 27, due to continuing logistic issues and a rising international market, sources have told Fastmarkets.IndiaFastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $365.18 per tonne on Friday, up from $355.76 per tonne one week earlier.Just one deal was reported this w...Read More
The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.Chinese industrial profits surged by 28.2% year on year in October - the fastest pace since early 2017 Base metals The three-month base metals prices on the London Metal Exchange were up across the board this morning with gains averaging 0.5% - led by a 0.9% rally in nickel to $16...Read More
The Chinese domestic battery-grade lithium carbonate price moved up by 2.4% on Thursday November 26, resuming the uptrend that began in mid-October as a result of resolutely high offers from producers and tight spot supply.Bullish sentiment and high offer prices push China's battery-grade lithium carbonate assessment up again. China's industrial-grade lithium carbonate prices also moved up on tigh...Read More
Wanbao Mining's Kamoya copper and cobalt project in the Democratic Republic of Congo (DRC) has started testing operations for its second-phase expansion and produced its first batch of cobalt hydroxide on November 15, the company said on Monday November 23. A company source told Fastmarkets between now and the end of this year, the company will adjust and optimize the specifications and quality of...Read More
Share this article TORONTO - Canadian miner TMAC Resources Inc. says a national security review under the Investment Canada Act of its sale to China's Shandong Gold Mining Co., Ltd., has been extended by 45 days.Shandong announced a deal in May to buy TMAC, owner of the Hope Bay gold mining project in Nunavut, for $230 million.The friendly deal has received Chinese regulatory approvals and TMAC s...Read More
Import prices for flat-rolled steel continued to rise in South America during the week ended on Friday November 27, with Chinese mills presenting higher offers and clients rushing to settle the last deals for January-shipment cargoes.The prices on products from all origins also edged up, and lower availability supported those higher prices, according to market participants.Buyers were now bracing...Read More
They call it "the night of the beating." And believe me, Hollywood couldn't write a more evil and twisted plot.What's reported to have occurred in early November 2017 appears to be true. During that time, roughly 400 of Saudi Arabia's most powerful people, including princes, business tycoons, political activists, and state ministers, were invited to meet with King Salman bin Abdulaziz and Prince...Read More
Indian steel mills were likely to increase the domestic price of hot-rolled coil by 1,500-2,000 rupees ($20-27) per tonne for December sales, Fastmarkets heard on Friday November 27.The likely rise in domestic HRC prices in early December would be in line with the rising price of the commodity in the international markets as well as the steady rise in the costs of raw materials such as iron ore...Read More
Domestic hot-rolled coil prices in Northern Europe have been fairly stable on Friday November 27 but the mood in the market remains upbeat, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?560.00 ($667.21) per tonne on Friday November 27, down by ?,?1.25 per tonne from ?,?561.25 per tonne on Thursday.The index was, however,...Read More
Brazilian steelmakers' association Instituto A??o Brasil revised its forecast for the country's steel market for the last time this year on Friday November 27, reversing its expectations for a year-on-year sales volumes increase in 2020.The institute changed its estimates for domestic steel shipments to 18.89 million tonnes this year, 0.5% higher than 18.8 million tonnes last year. This reverses a...Read More
Rebar producers in Egypt added E ?500-650 per tonne ($32-41) per tonne to their rebar prices on Friday November 27.The country's biggest producer Ezz Steel is now offering rebar at E ?11,100 per tonne ex-works, including 14% VAT, up from E ?10,600 per tonne ex-works.Read More
Ukraine is set to impose a special duty on steel rebar imports from neighboring Belarus at a rate of 16.08% in response to "discriminatory and unfriendly actions by Belarus against Ukrainian steel producers," according to a notice published in a government newspaper earlier this week.The duty will affect carbon and other alloy round and deformed bars in diameters up to 40mm, both cut-to-length and...Read More
Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.Turke...Read More
The price for pig iron exports from Brazil increased further during the week to Friday November 27 on sales to the United States, Fastmarkets has heard.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $405 per tonne on Friday, up from $390-395 per tonne a week before.A sale was done to the US, where buyers needed to...Read More
Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More