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
Spot trading of copper concentrates was quiet in the last week of December, with fewer purchases from both smelters and traders. Fastmarkets' copper concentrate treatment and refining charges (TC/RCs) continued to rise, with offers for copper concentrates to smelters remaining in the mid to high $40s, while smelters bid at $50 per tonne for clean qualities. A combo deal of Bisha and clean qualitie...Read More
View the Fastmarkets holiday pricing schedule for 2021-2022.Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2021 and 2022. If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Juliet Walsh at juliet.walsh@fastmarke...Read More
Here are five Fastmarkets stories you might have missed on Monday January 4 that are worth another look.News of Covid-19 vaccines being distributed and administered around the world has boosted sentiment in Asian economies, with steel markets in the region seemingly upbeat on prospects in 2021.Sustainable mining of lithium - a critical...Read More
The Turkish deep-sea scrap markets were quiet at the start of this week due to new year holidays, but purchasing activity was expected to resume soon, market sources said on Monday January 4.Turkish steelmakers have been silent in the deep-sea markets since December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cf...Read More
Turkish domestic prices for auto bundle steel scrap have gone down with the strengthening of the country's lira, while firm values for imported scrap were keeping ship scrap prices on an upward trend over the past week, sources said on Monday January 4.The Turkish lira has become stronger since the Turkish Central Bank raised interest rates on December 24.The bank raised the one-week repo rate by...Read More
The new year has started with optimism in the air and base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by an average of 1.8% and 1.4% respectively this morning, Monday January 14. Most Asian-Pacific equity indices were also showing gains, while the dollar index remains in low ground.Volume traded on the LME has been high with 12,012 lots traded as at 6.38am Lon...Read More
Red River Resources Limited (ASX: RVR) is seeking to build a multi-asset operating business, focused on base and precious metals. Red River's foundation asset is the Thalanga Base Metal Operation, in Northern Queensland that has been producing copper, lead and zinc concentrate, since 2017. RVR has recently acquired the past producing, high-grade Hillgrove Gold Project, in New South Wales, which is...Read More
Andy Schectman, who is President of Miles Franklin, tells why they are the safest way to do business in the industry. They are licensed, bonded, and background checked, every single year, by the State of Minnesota Department of Commerce. They are participating in the Sport Natural Resource Symposium and work with Rick Rule and his clients. They have never had a customer complaint and have several...Read More
Gold prices kicked off 2021 climbing to a two-month high, up 2.25% to $1,937 an ounce at last look.The yellow metal is digesting several different pieces of news this morning, including reports that Japan is poised to declare a "state of emergency" for the second time in the COVID-19 pandemic and a sharply lower U.S. dollar.Japanese Prime Minister Yoshihide Suga told reporters, "We, as the governm...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 1.China Both low-and high-grade manganese ore indices were published on Monday January 4 as per Fastmarkets' holiday pricing schedule. Seaborne manganese ore prices were little changed amid thin activity...Read More
Sustainable mining of lithium - a critical raw material in the manufacturing of lithium-ion batteries that also plays a pivotal role in vehicle electrification - has come under increased scrutiny over the past year amid an accelerated shift toward electric vehicles (EVs).This has prompted a raft of lithium incumbent and junior miners to disclose their environmental commitments over the course of 2...Read More
Here are five Fastmarkets stories you might have missed on Monday January 4 that are worth another look.News of Covid-19 vaccines being distributed and administered around the world has boosted sentiment in Asian economies, with steel markets in the region seemingly upbeat on prospects in 2021.Sustainable mining of lithium - a critical...Read More
There was limited spot liquidity in the import market for steel hot-rolled coil in Vietnam over the holiday period at the end of December 2020.There were almost no inquiries from Vietnamese buyers, who were mostly waiting for the new year to begin and show a clearer indication about price trends before they entered the spot market again, Fastmarkets heard on Monday January 4.The recent falls in ir...Read More
View the Fastmarkets holiday pricing schedule for 2021-2022.Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2021 and 2022. If you have any questions about Fastmarkets' pricing calendar, please contact Fastmarkets global base metals editor Juliet Walsh at juliet.walsh@fastmarke...Read More
The export market for long steel products from the Commonwealth of Independent States (CIS) was quiet during the week to Monday January 4 because of seasonal holidays, but with sentiment remaining upbeat, sources have told Fastmarkets.Most CIS steelmakers were out of the market for New Year and Christmas breaks, sources said.There will be public holidays in Russia from January 1 to January 11. And...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in December 2020.The case list below includes only updates. For other continuing cases this...Read More
John Rubino returns to the show to discuss where the markets are headed in 2021. Is this year for the devastating market crash many have been anticipating? Is the downfall of the U.S. dollar upon us? What might be some of the best trades in 2021? If the current economic system collapses will verifiable stock and asset ownership translate into the new financial system? Where are the precious metals...Read More
The economy will not recover at a rapid pace in 2021, Morgan said, leading investors to flock to safe haven assets. 0:00 - Silver price to outperform in 20213:41 - Outlook on the economy6:18 - The sectors that need silver8:06 - Investment demand for silver10:13 - Silver deficit/surplus13:10 - Inflation16:27- Silver price forecastDavid Morgan is a world-renown precious metals aficionado. He is the...Read More
Seaborne prices climbed on Monday January 4, supported by firm demand in steel and positive sentiment after the New Year holiday, according to sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $165.29 per tonne, up $4.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.00 per tonne, up $4.58 per tonne58% Fe fines high-grade premium, cfr Qingdao: $149.63 per tonne, unchanged 6...Read More
The Turkish deep-sea scrap markets were quiet at the start of this week due to new year holidays, but purchasing activity was expected to resume soon, market sources said on Monday January 4.Turkish steelmakers have been silent in the deep-sea markets since December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cf...Read More