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
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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
As investors await the incoming Bidenadministration and the uncertainties that a transition of power may bring, preciousmetals markets regained some ground through Thursday’s close but have pulledback again on Friday, especially silver and platinum. Preciousmetals prices and financial markets haveseemingly been unaffected by recent political turmoil. Investors have beennonchalant in the face...Read More
Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic , the Great Lockdown , and the economic crisis , is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold market.To provide an answer, below I analyze the most important economic trends for the next year and their implications for the yellow metal. 1.Society gains herd immunity...Read More
Turkey's vehicle output totaled 1,297,854 units in 2020, down by 11.18% from 1,461,244 vehicles the previous year, the Turkish Automotive Manufacturers Association (OSD) has revealed.Automotive exports decreased by 26.83% to 916,543 vehicles in 2020, compared with the 1,252,586 vehicles exported in 2019, according to figures published by the association in the week beginning Monday January 18.The...Read More
Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country's northern Maranh??o state.The terminal caught fire on Thursday January 14, but the accident was contained with no victims or environmental damage, according to the miner. The company is investigating the causes of the incident, it a...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More
Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.08 per hundredweight ($1,121.60 per short ton) on Wednesday January 20, down by 1.37% from $56.86 per cwt the previous day but 3.12% higher than $54.38 per cwt a week ago. Inputs were collected...Read More
Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country's northern Maranh??o state.The terminal caught fire on Thursday January 14, but the accident was contained with no victims or environmental damage, according to the miner. The company is investigating the causes of the incident, it a...Read More
The price of standard-grade cobalt has hit a fresh high, reaching numbers not seen in nearly two years after non-Chinese consumers stepped into the market in the week to Wednesday January 20, with enough strength to help a two-week price rally continue after buying interest from China dipped.Trading volumes were now at "normal" levels, according to one trader, after two weeks of furious activity w...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...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
The price of tin rose by more than 2% and copper rose to more than $8,000 per tonne on Wednesday January 20, with the London Metal Exchange base-metals complex bullish at the start of the Biden presidential administration in the United States."Risk sentiment was positively skewed on January 20 on the official inauguration of the newly elected President of the United States, Joe Biden," Fastmarkets...Read More
Is silver too expensive? And expensive, relative to what?By Matt from Silver Fortune via Silver FortuneIs silver too expensive? And expensive, relative to what? Read More
The London Metal Exchange's trading ring no longer serves an "irreplaceable function" and its permanent closure is inevitable, market participants have told Fastmarkets.But despite the possibility of losing the ring, the LME will still have a unique - and important - selling point, they said: its daily prompt date structure."On a personal front, it will be sad to see the trading floor sh...Read More
The premium hard coking coal fob price jumped on Wednesday January 20 following two transactions sealed at higher prices while Russian low-volatility pulverized coal injection (PCI) cfr price hiked, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.25 per tonne, up $8.44 per tonnePremium hard coking coal, cfr Jingtang: $208.44 per tonne, unchangedHard coking coal, fob DBCT:...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Growing US crude production – particularly in the midcontinent and Rockies regions – is upending traditional Gulf Coast pipeline routes.The result? An unprecedented great American oil pipeline build-out. The shale revoluti...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Big Oil is on the move, feeling its way into a changing energy world. There are two sides to adapting: how to decarbonise oil and gas and how to build a sustainable business around zero-carbon technology. Valentina Kretschmar, VP and...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scal...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie, in partnership with WisdomTree, has launched an exchange traded fund (ETF) providing investors with exposure to the growth in the demand for, and the usage of, energy storage technologies, and in particular batteries.T...Read More