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
Here are five Fastmarkets stories you might have missed on Wednesday December 9 that are worth another look.Domestic prices for hot-rolled coil increased substantially across Europe in the week to December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Alcoa...Read More
Codelco raised $500 million in New York via the issue of a 31-year bond at a 3.Read More
The optimistic price forecast comes from Citi, an investment bank, in its end of year commodities outlook, which also sees gold trading above $2,000/oz next year before "unwinding" in 2022.Read More
PHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") continues to focus its efforts in the Illinois market and is pleased to announce that it will open its second Mission Dispensary in Calumet City, IL on December 15th. This new 3,000- square-foot facility located at 1330 Torrence Avenue, is about 20 miles south of Chicago and the closest dispensary to the Indiana...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Wednesday December 9.Fastmarkets' alumina index, fob Australia is at its highest level since March 18, 2020, up 30% from the year-to-date low of $224.48 per tonne on April 15. Key drivers Two new deals concluded late on December 8. The first deal concluded at $295.50 per tonne fob Australia for 30,000 tonnes...Read More
The price paid for low carbon ferro-chrome delivered in Europe rose strongly in the two weeks to December 8 on support from reduced supply and increased transportation costs, sources said, while the high carbon ferro-chrome markets kept stable.Fastmarkets' low carbon ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe assessment rose by 5-6 cents (3.2%) to $1.65-1.88 per lb Cr over the two w...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 9 that are worth another look.Domestic prices for hot-rolled coil increased substantially across Europe in the week to December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Alcoa...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...Read More
Turkish steel mills continued to book deep-sea scrap cargoes for February shipment at increasing prices, which are being driven up by improving steel and billet values, sources said on Wednesday December 9.A steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) and 15,000 tonnes of a mixture of bonus, busheling and plate & structural (P&S) at an...Read More
Aurubis, Europe's biggest copper producer, posted improved earnings in its latest annual results, largely thanks to higher scrap refining charges (RC) since its acquisition of recycling firm Metallo in May 2020. For its financial year to September 30. 2020, Aurubis' operating earnings before taxes (EBT) grew by 15% to ?,?221 million ($268 million) year on year, the company said...Read More
The base metals remain upbeat this morning, Wednesday December 9, with all the metals on the London Metal Exchange in positive territory on hopes that a US stimulus package may be on the way.The potential headwinds - political tensions between the United States and China, a no-deal Brexit and the continuing out of control spread of the virus, are for now taking a backseat. China's consumer price i...Read More
Share this article HALIFAX - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) today reported on several developments with rare earth elements involving the US government's National Defense Authorization Act for Fiscal Year 2021.The bill, which passed the U.S. House of Representatives by a vote of 335 to 78 on December 8, 2020, requires most Department of Defense systems to use REE mined and r...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 9 that are worth another look.Domestic prices for hot-rolled coil increased substantially across Europe in the week to December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Alcoa...Read More
Elementos Limited (ASX: ELT) is looking to fill a gap in the tin market and expects to commence tin production in 2023, aiming to meet some of the forecast global tin supply shortfall of 40,000 tpa. The Company's assets include two projects; The Oropesa Tin Project in Spain will have an open-cut mining operation and a conventional processing facility, producing tin concentrates to be shipped to sm...Read More
Hi folks, Sean McCloskey, your newest Energy and Capital editor here.Normally on Wednesdays, Keith brings you his latest market insights. But over the next few weeks, while he hunts down your next round of opportunities for 2021, I'll be filling in. Today, I want to share a COVID-19 play that no one is talking about but could offer you impressive upside.But first let me set the stage for why I t...Read More
Hot-rolled coil prices in the United States have resumed their uptrend, with buyers on the sidelines waiting for mills to open their order books amid limited material availability, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $44 per hundredweight ($880 per short ton) on Wednesday December 9, up by 0.64% after slipping to $43.72 per cwt on...Read More
Domestic prices for hot-rolled coil increased substantially across Europe in the week to Wednesday December 9 due to a materials shortage in the market combined with good demand from distributors, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?603.33 ($730.77) per tonne on Wednesday, up by ?,?25.83 per tonne from ?,?577.5...Read More
A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to September 30, 2020.In briefNet sales were down because of globally weak demand due to the Covid-19 pandemic, Ezz Steel said on Tuesday December 8.The effects of the pandemic included "a significant drop in construction activity, contributing to this decrease [in sales]," it added.E...Read More
Steel wire rod prices in the south of Europe moved up again in the week to Wednesday December 8, driven by tight availability of material and increasing feedstock costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?520-530 ($630-642) per tonne on Wednesday, up by ?,?10 per tonne from ?,?510-520 per...Read More
The domestic price in Northern Europe for steel wire rod increased again over the week to Wednesday December 9, supported by short supply, good demand and a jump in feedstock costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, rose to ?,?550-570 ($666-690) per tonne on Wednesday, up by ?,?10-20 per tonne from...Read More