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 hollow steel sections in Europe moved up again during the past week with feedstock costs continuing to rise on a lack of supply, sources told Fastmarkets on Wednesday December 2.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?680-700 ($816-840) per tonne on Wednesday, up from ?,?660-680 per tonne one week before.The availability of...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Production at Escondida fell 7.6% to 99,900t compared with the prior year period. Despite higher output being seen at Collahuasi throughout 2020 compared with 2019, production in October fell 17.Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Under the agreement struck in April, Rio could earn up to 75% of the licences totalling 506sq.km, adjacent to First Quantum Minerals' Kansanshi mine."Under the terms of the earn-in agreement, Rio Tinto had two full field seasons to complete the initial work programme and they completed the [$3 million] programm...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 miningThe government owns 34% of Oyu Tolgoi and the remainder is held by TSX-listed Turquoise Hill Resources, which...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 miningThe Vancouver-headquartered company has over the past 18 months completed a C$1.2 billion (US$928 million) sh...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 miningThe package includes $211 million of secured equipment financing and a $9 million downpayment facility to hel...Read More
Brazilian miner Vale plans to achieve capacity for 400 million tonnes per year of iron ore by the end of 2022, the head of its ferrous division, Marcello Spinelli, said on Wednesday December 2.In the long term, the company also expected to optimize and debottleneck operations at current facilities to deliver a further 50 million tpy, raising capacity to 450 million tpy.That does not mean Vale expe...Read More
Iron ore exports from Brazil fell by a modest 0.4% year on year in November, the country's ministry of economy said on Tuesday December 1. Brazilian iron ore exports totaled 29.15 million tonnes last month, slightly down from 29.27 million tonnes in November 2019. Daily average volumes were also down by 0.4% to 1.46 million tonnes, from 1.46 million tonnes, ending a two-month series of daily expor...Read More
Turkish steel mills have resumed their deep-sea scrap bookings, confirming another uptick in the prices, sources told Fastmarkets on Wednesday December 2.But overall demand remained slow, the sources said.A steel mill in the Iskenderun region booked a Baltic Sea cargo comprising 24,000 tonnes of HMS 1&2 (80:20) at $358 per tonne, 6,000 tonnes of bonus at $368 per tonne and 1,500 tonnes of rail at...Read More
Brazilian miner Vale has lowered its iron ore production guidance for 2020 to 300-305 million tonnes from 310-330 million tonnes due to the supply disruptions seen throughout the year, the company said on Wednesday December 2 in a filing to the country's securities and exchange commission, CVM.Previously, the company was expecting to deliver the bottom end of the estimated range for 2020, given ad...Read More
Iron ore prices surged on Wednesday December 2, supported by concerns over supply shortages in the first quarter of 2021, and some futures prices on the Dalian Commodity Exchange (DCE) closed at seven-year highs, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $136.29 per tonne, up $4.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $135.80 per tonne, up $3...Read More
Seaborne premium hard coking coal prices in both the fob and cfr markets edged higher on Wednesday December 2 due to active trading the previous day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.33 per tonne, up $0.36 per tonnePremium hard coking coal, cfr Jingtang: $167.26 per tonne, up $2.26 per tonneHard coking coal, fob DBCT: $90.05 per tonne, unchangedHard coking coal, cfr Jingt...Read More
Pfizer (PFE), a Dow Jones Industrial stock moved above $40.40 to an all-time high extending an intermediate uptrend. The stock responded to news that the United Kingdom has given fast track approval for Pfizer's COVID 19 vaccine.Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $94.28 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday December...Read More
Improved demand from the construction sector kept China's domestic rebar prices from falling further on Wednesday December 2.DomesticEastern China (Shanghai): 4,030-4,060 yuan ($613-617) per tonne, unchangedSeveral contractors raised their procurement rates during the day to replenish their inventories, having limited their buying in the past 10 days.The stronger demand, coupled rising futures, pu...Read More
Key data from Fastmarkets' Wednesday December 2 pricing session in Europe.Key drivers?EUR?Cadmium found support with demand in India, the most important spot market for the material, increasing over the past two weeks after a long period of slow activity.?EUR?The results of a tender from Russian producer Chelyabinsk showed evidence of refreshed interest among consumers. This tender...Read More
Drilling completed and additional technical studies underway Company plans to rapidly advance the project once PFS results are receivedELKO, Nevada, Dec. 2, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to provide an end of field season report for its CK Gold Project, an advanced stage gold and copper exploration and d...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou and Amy Lv in Shanghai and Carrie Shi in Beijing contributed to this article.Fastmarkets has reworked the market reports it previously published for the minor metals, noble alloys and battery raw materials sectors to align them with end-use sectors. C...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt hydroxide p...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