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

The import market for pig iron in the United States was strong in the week to Friday December 4, due to continuing robust demand, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $455-465 per tonne on Friday, up from $450 per tonne a week earlier.Earlier in the week, a US buyer purchased a cargo from Ukraine at $455 per...Read More

The prices of alloy steel scrap in the UK domestic market were largely unchanged this week despite lower nickel costs, because tight supply continued to provide pricing support, sources told Fastmarkets on Friday November 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, on Friday was ?950-980 ($1,276-1,316) per tonne, narrowing downwa...Read More

The price of shredded steel scrap imported into India and Pakistan increased on Friday December 4, due to continuing shipping issues and despite uncertainty over higher prices, sources have told Fastmarkets.IndiaFastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $380.65 per tonne on Friday, up from $365.18 per tonne one week earlier.Only one deal was report...Read More

An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Trading sources told Fastmarkets that container lines have not only continued to raise freight rates but have also introduced additional measures that will serve to make life increasingly difficult for companies invol...Read More

The British light iron market was stable over the week to Friday December 4, consolidating a steady run of gains through November ahead of expected increases in domestic delivery settlements for December, trade sources told Fastmarkets.There have been persistently stronger prices in inter-merchant trading for grade 5C scrap in the past few weeks, with major processors competing for tighter scrapfl...Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More

Iron ore prices surged further on Friday December 4, supported by active long positions in futures markets and steady drawdowns in port inventory, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $145.01 per tonne, up $7.93 per tonne 62% Fe low-alumina fines, cfr Qingdao: $144.36 per tonne, up $7.38 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $132.83 pe...Read More

Seaborne coking coal prices fluctuated across the board in the fob market on Friday December 4 due to the latest changes in supply, while the cfr market was flat.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.62 per tonne, down $0.46 per tonnePremium hard coking coal, cfr Jingtang: $168.78 per tonne, unchangedHard coking coal, fob DBCT: $92.97 per tonne, up $2.17 per tonneHard coking...Read More

China's domestic hot-rolled coil prices rebounded on Friday December 4, motivating overseas buyers to pay higher prices for the Chinese flat steel product.DomesticEastern China (Shanghai): 4,280-4,290 yuan ($654-655) per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,130-4,160 yuan per tonne, up 130 yuan per tonneSpot prices increased again during the day after a sligh...Read More

China's domestic rebar prices dropped further on Friday December 4 for an accumulated decrease of 120 yuan per tonne from a week earlier amid subdued demand.DomesticEastern China (Shanghai): 3,970-4,000 yuan ($609-612) per tonne, down by 40 yuan per tonneNorthern China (Beijing) weekly assessment: 3,700-3,730 yuan per tonne, down by 90-110 yuan per tonneTemperatures fell in China this week, disrup...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

Key data from the Friday December 4 pricing session in London. Key drivers: Metal prices unchanged in a steadily, but thinly, traded market. Sellers hold firm with offers across the range, dependent on tonnage and shape, and buyers struggle to find weak sellers for nearby units. ...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 4.China Seaborne manganese ore prices of both grades rose after miners successfully sold their January shipments at flat offer prices following a rise in the portside ore market and despite high inventories. Portside manganese ore prices of both grades ticked up after traders raised their o...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 cobalt standard grade,...Read More

Canada's Seabridge Gold (TSX: SEA; NYSE: SA) is buying Pretium Resources' (NYSE: PVG) Snowfield property in northwest British Columbia for $100 million in cash, a 1.5% net smelter royalty related to all production and a $20 million future contingent payment.The Toronto-based miner says the acquisition of Snowfield, immediately adjacent to its 100%-owned KSM gold-copper project in northeast B.C.,...Read More

Mining and commodities trader Glencore (LSE: GLEN) said today that Gary Nagle, the head of its coal division, would replace Ivan Glasenberg as the company's top boss early next year.Glasenberg, who has led Glencore since 2002, said in 2018 that he would step down in three to five years. At the time, he said the firm had already begun training a small group of front runners to take over the po...Read More

We are all familiar with the principles and practice of recycling and re-using, and for many it is a common practice of daily life. Our society has a long history of recycling glass, aluminium cans, plastic (in all its forms), cars, scrap metal, jewelry, electronics, paper and so on. We increasingly re-use clothing, vinyl is back and vintage wear is now a high-fashion statement. What if reduce, re...Read More

OceanaGold (TSX: OGC; ASX: OGC) has received permits for three deposits at its Macraes gold mine, about 60 km north of Dunedin in the South Island of New Zealand, that will allow it to extend the life of the mine from 2021 to 2028. The permits will enable the development of the new Golden Point Underground Mine (GPUG), extend the Deepdell North Stage III open-pit deposit, and expand mineralisati...Read More