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 Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More
"While the FOMC has already implemented a huge package of easing over the course of the year, the government's failure to bring another fiscal boost does push the onus back onto Powell et al," IG senior market analyst Joshua Mahony said.The gold price was up more than US$26 an ounce, near $1,854/oz on the spot market.Newmont closed 2.6% higher in New York, Harmony Gold Mining rose 3.5% in South Af...Read More
An overview of the chrome ore and alloy markets on Tuesday December 15 and their latest price moves. China There was increased buying interest in charge chrome amid buoyed stainless steel performance and tight supply in China, in the context of gradual strengthening of the European alloy market. Domestic ferro-chrome spot liquidity remained very limited because of tightened supply as producer...Read More
China Copper became the head negotiator in the settlement of the 2021 copper concentrates treatment and refining charges (TC/RC) benchmark following years of expansion in copper capacity.On Monday December 14, the subsidiary of Chinalco - which has outgrown its state-owned peers - became the first smelter to secure a deal with US copper miner Freeport-McMoRan at $59.50 per tonne/5.95 cents per lb....Read More
The AIM-listed company reported an after-tax loss of £390,000 for the year to June 30, an improvement on £770,000 million loss posted the year prior.Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that drilling plans have been finalized for the Hurricane zone and other targets. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:A total of 10,...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a developer and provider of cellular communications solutions for enterprise workers and first responders, today announced that it will be presenting at the 13th annual LD Micro Main Event investor conference on Tuesday, December 15 at 6:20AM PST / 9:20AM EST. Daniel Kim, VP Corporate Development, will be prese...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More
Ferrous scrap prices in Mexico continued to increase in the week ended on Friday December 11 amid high demand from steel producers and a narrowing price gap between the north and central regions.At least two major steelmakers in the region near the country's northern Monterrey city announced increases in their scrap buying prices amid high competition to secure supply. A third steel producer...Read More
Domestic prices for ferrous scrap in Italy increased significantly in the month to Tuesday December 15, supported by the global uptrend as well as a material shortage in the domestic market, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy was ?,?260-265 ($316-322) per tonne on December 15, up b...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Tuesday December 15, following the trend in the international market and supported by limited supplies, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?285-310 ($346-376) per tonne on December 15, up by ?,?240-245 p...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Tuesday December 15, this despite some healthy Chinese economic data. Stricter lockdowns measures in many countries are a headwind for equity markets, which may flow into the metalsWith gold prices up and US treasury yields down, this suggests a pick-up in haven demandBase metals The three-m...Read More
Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of ?,?530 million ($644 million), compared with the...Read More
Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of ?,?530 million ($644 million), compared with the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More
Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel association Inda.Sales of flat steel products totaled 339,400 tonnes last month, down by 8.7% from 371,700 tonnes in October but up by 15.8% from 293,200 tonnes in November 2019, Inda said...Read More
Share this article VANCOUVER - Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) announced that Barrick Gold Corporation has mobilized two drill rigs to the Company's Pueblo Grande Project to commence an initial phase of exploration drilling. Barrick has also provided Precipitate an update on exploration activities conducted to date as part of its earn-in agreement whereby Barrick has the right t...Read More
Share this article VANCOUVER - Great Atlantic Resources Corp. (TSXV.GR) announced it has begun a trenching program at its Mascarene Property, located in southwest New Brunswick. The program is being conducted within the eastern region of the property testing areas of historically reported copper, cobalt and nickel mineralization within a broad magnetic high trend. The December trenching program i...Read More
Domestic prices for hot-rolled coil increased day on day in Northern Europe on Tuesday December 15 due to a materials shortage in the market, and steelmakers are preparing to announce higher offers soon, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?636.25 ($772.68) per tonne on December 15, up by ?,?12.92 per...Read More
Share this article LONGUEUIL - Reunion Gold Corporation (TSX-V: RGD) announced assay results from its recently completed 2020 drilling program on the Crique Filon prospect within the Boulanger Project in French Guiana.?EURRead More