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
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
Iron ore prices for mid-grade fines dropped on Wednesday January 20 due to weak demand for steel despite the potential impact of tropical cyclone near West Australia on shipments, while high-grade fines gained on tight supply. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.55 per tonne, down $0.78 per tonne 62% Fe low-alumina fines, cfr Qingdao: $171.50 per tonne, down $0.10 per tonn...Read More
A summary of BHP's latest operational review for iron ore and metallurgical coal released on Wednesday January 20.In briefIron ore output in July-December 2020 - the first half of BHP's financial year - totaled 128.43 million tonnes (or 145 million tonnes on a 100% basis), up by 6% year on year. Western Australia Iron Ore (WAIO) operations produced 70.4 million tonnes (100% basis) of iron ore in O...Read More
Meteorologists have predicted a category 1 or 2 cyclone to reach the Pilbara coast of Western Australia as early as Friday January 22, which could affect iron ore shipments, sources said.According to the Australian Bureau of Meteorology's tropical cyclone advice on Wednesday January 20, a tropical low was detected and estimated to be 570 kilometres north of Broome and 950km north northeast of 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
China's hot-rolled coil prices continued to fall on Wednesday January 20 as a result of a surge in supply in the eastern region as a result of physical delivery being made for January futures contracts.DomesticEastern China (Shanghai): 4,450-4,480 yuan ($687-691) per tonne, down 30-40 yuan per tonneSellers in the spot market had to lower their offers despite a rebound in the futures market due to...Read More
There were gains across the board for the London Metal Exchange base metals this morning, Wednesday January 20, with a weaker US Dollar Index and a firm commitment on further stimulus in the United States pushing copper and aluminium up by 1.2% and 1% respectively. Copper's three-month price went back above the $8,000-per-tonne mark on Wednesday morning, after closing below it for three days in a...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 20.Key drivers European titanium scrap markets jumped for low tin and higher tin-content material over 20% and 10%, respectively, amid a severe shortage of feedstock, which has worsened this year due to the cumulative impact of the Covid-19 pandemic on end-user industries, particularly aerospace.This is the third consecutive...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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.Fastmarkets assessed Cobalt hydroxide.....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.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 17.75-18.50...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 assessed Cobalt...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Fastmarkets...Read More
The second day of the Association for Mineral Exploration's (AME) Remote Roundup 2021 opened with Stephen Piercey, professor of economic geology in the Department of Earth Sciences at Memorial University of Newfoundland, talking about Canada's role in the green economy.Piercey began by saying his talk originated from a conversation with his wife, who was tired of hearing him complain about the "ma...Read More
It's unusual for a privately held company to put a mine into production before it becomes a publicly listed company."It's incredibly rare - by and large it's virtually impossible unless you find other sources of funding," says Steve Orr, CEO of Gatos Silver (TSX: GATO; NYSE: GATO).But that's exactly what Electrum Group LLC, a private precious metals investment company based in New York chaired by...Read More
Developer Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has released an updated resource for its Back River gold project in Nunavut, which shows resource growth in both the measured and indicated and inferred categories.Updated measured and indicated resources now total 33.5 million tonnes at 5.8 grams gold per tonne, for a total of 6.3 million gold oz. (compared with 28.2 million tonnes at 5.87...Read More
As Alexco Resource (TSX: AXU.TO; NYSE-AM: AXU) is starting up its Keno Hill silver mine in the Yukon, the company has reported drill results from its surface exploration program focused on the Bermingham Northeast Deep zone, approximately 150 metres below the existing resource.The drill highlights (with true widths) from the Footwall vein included 8.8 metres of 3,583 grams silver per tonne from 50...Read More
Chilean miner Antofagasta (LSE: ANTO) revealed today that the expansion project at its Los Pelambres operation in the home country would cost US$1.7 billion, up from the original US$1.3 billion, due mainly to revised marine works and a desalination plant extension.Construction of the project resumed in August, after a four-month halt triggered by the Covid-19 pandemic.A detailed review of the sch...Read More
Negative report 'likely to stall momentum'Read full newsRead More