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
U.S. Dollar ETN (UUP) moved below $24.80 extending an intermediate downtrend. The U.S. Dollar Index is testing support at 91.75.Costco (COST), an S&P 100 stock moved above $389.50 to an all-time high extending an intermediate uptrend.Pre-opening Comments for Friday November 27thU.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.Trading...Read More
The import price on pig iron price in the United States increased sharply during the week to Friday November 27 because buyers badly needed to restock.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $450 per tonne on Friday, soaring from $392-395 per tonne a week earlier.At the very start of this week, a Russia-origin cargo was booked by a steel producer at...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 November rally in the UK light iron market looked set to move into December as of Friday November 27, climbing on firm fundamentals of relatively low levels of scrap availability, steady domestic demand and strong export activity. The rally started three weeks ago when major scrap processors started to increase their buying prices to attract more scrap from smaller suppliers, with all scrap tr...Read More
Brazil's Usiminas is expecting production from its mining division Minera????o Usiminas (Musa) to remain relatively stable in the coming years at 8-9 million tonnes per year of iron ore, chief financial officer Alberto Ono said on Friday November 27. Musa's output was 7.39 million tonnes in 2019. It produced 6.49 million tonnes in the first nine months of 2020, 21% more than 5.35 million tonnes in...Read More
Prices for pig iron exported from Black Sea ports increased by around 15% over the past week because of strong demand and a shortage of material, sources told Fastmarkets.Further price increases from the Black Sea ports - the main route for shipments from the Commonwealth of Independent States (CIS) - are expected, sources said.Fastmarkets' weekly price assessment for high-manganese...Read More
Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $129.62 per tonne, up $1.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $129.84 per tonne, up $1.74 per tonne58% Fe fines high-grade premium, cfr Qingdao: $121.38 per tonne,...Read More
COMMENT: I admit I have been a gold bug and I bought into Bitcoin. I have been following Socrates since you began forecasting Bitcoin. I want to say that it has convinced me that these fundamental forecasts are just like fake news. When Socrates said gold would decline and then Bitcoin would rise, that made no sense but it was right. All they talk about is how hyperinflation will take place when...Read More
Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.07 per tonne, down $0.47 per tonnePremium hard coking coal, cfr Jingtang: $164 per tonne, unchangedHard coking coal, fob DBCT: $90.03 per tonne, unchangedHard coking coal, cfr Jingtang: $154.11 p...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt alloy grade, in-whs...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...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt hydroxide...Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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 sulfate 20.5%...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
Monthly alloy steel surcharges in Europe have increased for December because of higher nickel and molybdenum costs, market sources said on Friday November 27.Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe was calculated for December at ?,?1,507-1,516 ($1,796-1,806) per tonne, up by ?,?60-61 per tonne from the November level of ?,?1,446-1,456 per tonne...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 27EuropeThe European ferro-silicon spot price climbed almost 2% over the week, marking an over 10% jump in November while low levels of availability in Europe have met with renewed demand from steelmakers and traders.One producer reported offering around 100 tonnes of standard grade at ?,?1...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningWhile one would not expect the list to be thronging with millennials, the fact a mere two of the individuals...Read More
Earlier this week U.S. President-elect Joseph R. Biden Jr. named his first round of cabinet nominations, choosing Janet Yellen as his Treasury secretary. If confirmed, Yellen will be the first woman to head the treasury department in its 231-year history.Yellen is well qualified for the job with roughly thirty years of policy making under her belt. She was chairwoman of the U.S. Federal Reserve fr...Read More
HighGold Mining (TSXV: HIGH; US-OTC: HGGOF) has released the latest results from its 2020 drill program at its flagship Johnson Tract (JT) poly-metallic project in Alaska, about 200 km southwest of Anchorage.Assays for four drill holes, including additional step-outs from the main JT deposit, were reported. Highlights included drill hole JT20-106, which intersected 22.8 metres grading 3.2 grams g...Read More