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
Iron ore prices edged up on Wednesday February 3, supported by an increase in inquiries from steel mills intending purchase, although trading activity was still limited, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $152.65 per tonne, up $2.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $152.90 per tonne, up $2.53 per tonne58% Fe fines high-grade p...Read More
Chinese steel mills caught between low margins and less cash liquidity in the open markets are turning to telegraphic transfers (TT) as the key form of payment, market sources told Fastmarkets this week. "Smaller steel mills that do not have sufficient cash flow are accepting only telegraphic transfers for payments now, instead of letters of credit," a steel trader in east China told Fastmarkets o...Read More
Spread the lovePRIVATE BLOG - Silver – Reddit & PanicPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend. Silver's rally turn into a spike on Tuesday and stronger pre-market major western equity index futures this morning suggest equity markets are turning more risk-on again.While three-month tin prices on the LME were off the hig...Read More
Key data from the pricing session in London on Wednesday February 3Key driversSpot cobalt metal prices continued to rally during the Wednesday February 3 pricing session against a backdrop of a tightening in availability from producers and sellers offering aggressively amid...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi ...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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 p...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 alloy...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 20.50-22.15 on Wednesday February 03, 2021.Pur...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 3. Key drivers European titanium scrap markets resumed price increases over the week on tightening supplies. Both low and high tin content turnings are particularly hard to source, with other feedstock to make ferro-titanium, such as vacuum-grade and sponge, also pushing higher as alternative feeds are sought.Scrap price g...Read More
A hazy outlook for China's ferrous sector after the upcoming Chinese New Year holiday is overwhelming the Asian steel industry, resulting in a market divided on prices and purchasing decisions, sources told Fastmarkets this week.Steel demand"The situation for the Chinese steel market is unclear now. It's not clear whether demand will rebound after the Chinese New Year. Many market participants in...Read More
Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project in Saskatchewan, 550 km northwest of Prince Albert. "One of our key goals is to maximise the size and quality of the Triple R deposit ... while also further de-risking the project as a whole," Fission CEO Ross McElroy stated in a news release....Read More
Five years after drilling the initial hole at its Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has released a high-margin feasibility for the project and the company's board has formally approved construction of the 1,250 tonne-per-day mine.The 8.5-year underground mine would produce an average of 5.2 million oz. of silver and 56,000 gold oz. annu...Read More
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) founder Ross Beaty will step down in May as the company's chairman and has appointed board member Gillian Winckler to replace him.Trained as a geologist, Beaty launched Pan American in 1984 and has served as its chairman since then. He was also CEO from the company's inception until 2004."I am so proud and grateful to have worked with our wonderful and...Read More
In mid-January Graphite One's (TSX: GPH; US-OTC: GPHOF) Graphite Creek project in Alaska was designated as a High-Priority Infrastructure Project (HPIP) by the U.S. government's Federal Permitting Improvement Steering Committee (FPISC). The approval comes after the project was originally nominated for HPIP designation by Alaskan governor Mike Dunleavy in October, 2019.In his 2019 nomination letter...Read More
Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board.Carroll, who led Anglo American for more than five years until she stepped down in 2013, has vast experience in the sector. While at Anglo's helm, she was one of only four female CEOs among FTSE-100 co...Read More
Studying the maths of base metals' price behaviour is not done to compete with conventional market analysis, rather it helps all analysts to better quantify relationships between market circumstances and price, as well as to check whether their thinking on price behaviour is up-to-date, as price behaviour changes over time.We have worked together to study and quantify base metal price behaviour fo...Read More
After starting to trade on the TSX Venture in December, Osisko Development (TSXV: ODV) has reported its second set of drill results from the conversion drill program underway at the Cariboo gold project in central B.C.The latest results are from the Cow Mountain and Valley vein corridors, which lie along strike.Drill highlights from the Valley zone included 8.4 metres of 8.43 grams gold per tonne,...Read More
Market activity in China's UG2 chrome ore and ferro-chrome markets slowed down ahead of the country's Lunar New Year holiday, but the confidence in the near-term outlook continued to support the markets in the week to Tuesday February 2. Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China settled at $169 per tonne on Tuesday, up by $4 per tonne (2.4%) from $165 p...Read More