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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Magna Gold begins exploration activities at its newly acquired Margarita project. Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) announced in a news release it commenced an exploration program at its Margarita project in Chihuahua, Mexico, and plans campaigns for its La Pima and Los Muertos projects in Sonora, Mexico."Magna has a promising portfolio of silver projects in Mexico and an ambitious explor...Read More
The new acreage will expand Triumph Gold's already district-scale land package in the Canadian territory. In a news release, Triumph Gold Corp. (TIG:TSX.V; TIGCF:OTCMKTS) announced it entered into an agreement with Teck Resources for the acquisition of the Big Creek copper-gold property in the Yukon. Triumphit will issue Teck Resources 1.25 million common shares and grant it a 1.5% net smelter re...Read More
Emerita Resources reported it received approval for Infanta Deposit drilling from the Huelva Mining Department for its West Iberian Belt Cu-Pb-Zn-Ag project in Spain. La Infanta Drilling LocationsIn a news release, Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) announced that it has been granted approval for its planned drill program's restoration plan at the Infanta Deposit on the...Read More
Westhaven Gold reported it has resumed drilling operations at its Shovelnose property in British Columbia. Three New Zones Discovered in 2020 and South ZoneIn a news release, Westhaven Gold Corp. (WHN:TSX.V) reported that it has resumed drilling at its Shovelnose gold property, which is located 30 km south of Merritt, British Columbia. The firm noted that the Shovelnose property covers 17,623 hec...Read More
Pakistan long steel producer Agha Steel is to install solar polar at its production facility in a push to achieve green steelmaking, the company said on Thursday February 4. As part of its "Green Steel Revolution," the company has signed a contract with Renewable Power Pvt Ltd to install a 2.25 Megawatt solar power project at its production facility. Using solar power would reduce its carbon emiss...Read More
The populist movement to punish Wall Street is turning its focus to silver. The markets may finally force more honest price discovery. That would certainly be welcomed by metals investors long frustrated by concerns about price suppression.Silver prices are pushed around by a handful of the world’s largest banks. The captured regulators and the Department of Justice (For the Well Connected)...Read More
When Joe Public buys shares during awave of euphoria, they do it close to a market top or before the beginning of adecline. Looking at you, SLV!Silver rallied on Friday (Jan. 29), goldreversed its direction before the end of the day and so did miners, with thelatter slightly underperforming gold. I wrote this before, and I’ll stress thisonce again today – the above is a perfectly beari...Read More
Hot-rolled coil prices in the United States have remained at an all-time high while mills have benefited from a tight market, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.23 per hundredweight ($1,184.60 per short ton) on Friday February 5, flat day on day, but up by 4.83% from $56.50 per cwt one week ago and roughly double $29.67 per cwt...Read More
It is still all about US dollar Meltdown.All the the assets that act as a safehaven from US dollar meltdown are takingtheir turn to hammer the US Dollar.Silver has been lagging assets like gold andBitcoin from a short and long-term perspective. Silver is still way below its1980 all-time high, as well as its 2011 high.When it is the time for silver to run, thenyou should know that trouble is about...Read More
Nearly 6+ months ago, our research team highlighted a unique price range that appears to be repeating itself in Silver. This price range consists of a $5.40 bullish or bearish price phase. Using our 100% measured move techniques, we’ve seen silver move higher and lower by this range over the past 10+ months and, quite interestingly, the current sideways price range in Silver is a...Read More
Steel slab export prices from Brazil remained unchanged in the week ended Friday February 5, with producers holding offers steady despite limited availability.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, remained at $760-780 per tonne fob on Friday, stable from the previous week.In recent weeks, buyers have tried to achieve lower prices because they were fearf...Read More
As extreme marketconditions drive tremendous volatility in silver spot prices,buyers are exerting unprecedented pressures on retail physical bullionproducts.Record-setting buyingvolumes pushed the silver price toward a multi-year breakout on Monday. Silverhit an eight-year high of over $30/oz during the day, closing at $29.41.On Tuesday, however, thesilver market got slammed – along with sto...Read More
South American import prices for flat-rolled steel were mostly down week-on-week on Friday February 5 on a persistent Chinese downtrend.The price of hot-rolled coil, on the other hand, increased on the same basis of comparison, with material from other origins such as Japan and Brazil returning to the market with April-shipment offers.China-origin HRC was also more expensive, with market participa...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The uptrend in European vanadium prices continued to accelerate at the beginning of February while end-user demand increased amid tight prompt supplies, sources told Fastmarkets.Fastmarkets' assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price was at $28.25-29.50 per kg on Friday February 5, up 2.2% from the midweek assessment of $28-28.50 per kg, when prices had...Read More
Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More
Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have unintended consequences, London Metal Exchange chief executive officer Matthew Chamberlain told Fastmarkets. Chamberlain noted the way of defining low-carbon aluminium by a number could be disruptive and counter-productive, during Fastmarkets...Read More
The seaborne premium hard coking coal price in the fob market declined on Friday February 5, while Australian coking coal cargoes that had been in anchorage at Chinese ports may lead the seaborne premium fob price down, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.53 per tonne, down $1.01 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard...Read More