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
Turkish domestic scrap prices have continued to increase over the past week due to strengthening import values, sources said on Monday December 14.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,920-3,120 lira ($372-397) per tonne on Monday, up from 2,610-2,915 lira per tonne last week.Steel producers in the country have raised their buy pr...Read More
Seaborne coking coal cfr prices rose across the board on tight supply on Monday December 14, with pulverized coal injection (PCI) material posting the largest day-on-day increase.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.91 per tonne, down $0.13 per tonnePremium hard coking coal, cfr Jingtang: $182.40 per tonne, up $2.77 per tonneHard coking coal, fob DBCT: $92.06 per tonne, down...Read More
Seaborne iron ore prices fell on Monday December 14 after steelmakers in China called on authorities to clamp down on price speculation after it led iron ore prices to surge to multi-year highs last week, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $154.37 per tonne, down $5.76 per tonne62% Fe low-alumina fines, cfr Qingdao: $154.71 per tonne, down $5.70 per to...Read More
Prices for seaborne iron ore concentrate and pellets surged in the week to Friday December 11 amid strong gains in the iron ore fines segment, market sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $162.57 per tonne, up $18.68 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $185.71 per tonne, up $18.32 per tonne Key driversThe weekly average of the Fastmar...Read More
Base metals prices on the London Metal Exchange were mainly firmer this morning, Monday December 14, following the pullback from highs at the end of last week, but the base metals on the Shanghai Futures Exchange were mainly weaker while they followed Friday's weakness on the LME. Germany to enter a hard lockdown on Wednesday, South Korea considers raising Covid-19 restrictions to highest level.Un...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday December 11.United States Prices rose by almost 4% over the assessment week, with sellers raising their offers and pushing for a price $1.10 per lb, a level not yet attained. The US signaled potentially higher prices by setting initial duties on silicon metal from Bosnia and Iceland during the assess...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...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....Read More
Bardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldShareholders, naturally, will be demanding fatter payouts when full and half-year result...Read More
Cobalt hydroxide prices and payables stretched to new highs in the week ended Friday December 11 when buyers came back to the market looking for prompt January cargoes and evaluating the availability of January-shipment material, after a lull in activity since the second half of November.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grad...Read More
China's domestic magnesium price moved up for a sixth consecutive week and surged to its highest since September 2019 on a stockpiling initiative in Yulin, Shaanxi province as well as rising input costs for magnesium plants, market sources said.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 15,000-15,500 yuan ($2,291-2,367) per tonne on Friday December 11, an increase of 1...Read More
Cameco (TSX: CCO; NYSE: CCJ) announced today that it will temporarily suspend production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the Covid-19 pandemic."The safety of our workers, their families and communities is our top priority," Tim Gitzel, Cameco's president and CEO, stated in a news release. "We have had six positiv...Read More
Developer Battle North Gold (TSX: BNAU; US-OTC: BNAUF) has released a resource estimate for the McFinley zone, located along a 4-km long corridor stretching out from the F2 gold deposit at its Bateman gold project in Red Lake.The resource features 205,700 measured and indicated tonnes grading 6.04 grams gold per tonne, totalling 40,000 gold oz., and 259,300 inferred tonnes at 8.53 grams gold per t...Read More
O3 Mining (TSXV: OIII) has released the results of a preliminary economic assessment on its Garrison gold project in Ontario's Kirkland Lake region. The study suggests a 'low capital intensity', 12-year, 11,000 tonne per day open pit operation with carbon-in-leach (CIL) processing.The proposed mine would generate an average of 121,000 gold oz. annually in its first eight years, with life-of-mine a...Read More
Chile's Codelco, the world's largest copper producer, has outlined sustainability plans in five areas of action for its operations and projects, including goals to cut carbon emissions by 70%, reduce inland water consumption by 60% and recycling 65% of its industrial waste by 2030.The state-owned miner, which in 2017 planned to sell "green copper" at a premium price to customers using more sustai...Read More
What a Leap Year it has been! Quite apart from Brexit in Europe, a chaotic Presidential election in the United States and Covid-19 everywhere, we have uncertainty over the price direction of gold as this horrid year draws to a close.I am neither a chartist nor a particular exponent of gold, but I can't see any concern about the precious metal's price direction - at least not yet. The reason has mu...Read More
The S&P/TSX Composite Index rose 0.16% to 17,548.92 during the Dec. 7-11 trading week. The S&P/TSX Global Mining Index fell 0.08% to 99.28, and the S&P/TSX Global Base Metals Index dropped 1.80% to 133.42. Spot gold fell US$24.50 per oz. (1.31%) to US$1,839.50 per oz., and the S&P/TSX Global Gold Index declined by 0.55% to 310.88.Moneta Porcupine Mines jumped 12 ? to 25.5 ? per share. The company...Read More
The S&P/TSX Venture Composite Index rose 1.46% (11.19 points) to finish the Dec. 7-11 trading week at 780.30. Spot gold dropped US$24.50 per oz. (1.31%) to US$1,839.50 per ounce.Shares of Whitehorse Gold surged $1.50 to $3.28 per share on a strong intercept from its 2020 drill program at its wholly owned Skukum gold project in the Yukon. Drillhole SC20-001 returned 8.07 metres (true width) grading...Read More
Tesla Inc. will shut down some production at its Fremont, Calif., factory for 18 days starting Christmas Eve, CNBC reported over the weekend.Read full newsRead More
A fire broke out at nickel mining facilities owned by Brazil's Vale SA in New Caledonia during local protests, the company said on Monday, as a simmering political dispute on the Pacific Island shows no signs of abating.Read full newsRead More