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 NBA has ordered all teams to play the national anthem at games after Dallas Mavericks owner Mark Cuban decided to skip it this season.Continue...Read More
"If you are removed from the platform, you are removed from the platform... Remember, our policies are designed to make sure that people are not inciting violence."Continue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares his technical analysis on gold, silver, and copper. We focuses a lot on the recent double bottom in gold stocks and the gold price. How does it compare to other corrections in gold and just how solid is this bottom?Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and edit...Read More
Even after silver prices pulled back from eight-year highs last week, strong demand in the physical marketContinue...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
"Unfortunately, as [the virus] spreads it can also mutate," he said. "Every time it mutates, it's almost like another click of the dial so Continue...Read More
The export billet price from the Commonwealth of Independent States region inched up on Wednesday February 10 after a booking to Turkey was heard done at higher levels. A cargo of CIS-origin billet was sold to Turkey at $530 per tonne fob Black Sea, several sources reported to Fastmarkets. This is up by $10-20 per tonne from previous sales heard earlier this month. This took Fastmarkets' daily ste...Read More
Getchell Gold Corp. reported that diamond drilling data from the Colorado SW Zone at its Fondaway Canyon Project has aided in extending the zone by 150 meters, plus the firm discovered a new North Fork Zone grading 2.5 g/t Au over 58.0 meters. In a news release, Nevada-focused gold and copper explorer Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) announced the remaining results from the "recent six...Read More
Iranian export prices for steel billet remained firm in the week to Wednesday February 10, with bookings heard within the same price range as was assessed by Fastmarkets in the previous week.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $510-520 per tonne fob on February 10, unchanged week on week.A cargo of 16,000 tonnes was reported sold at $520 per tonne fob...Read More
Molybdic oxide and ferro-molybdenum prices were back on an upward path during the first half of the week, mainly due to tight oxide availability, which has been heightened by recent shipping delays out of Chile. Fastmarkets' price assessment for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, rose by 2% on Wednesday February 10 to 11.50-11.70 per lb from $11.30-11.45 per lb on Febr...Read More
The market for higher grades of high-carbon ferro-chrome in Europe rose strongly in the week ended Tuesday February 9 due to a shortage of available material while suppliers focused their attention on Asia.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.03-0.07 per lb (1.8%) on Tuesday to $1.10-1.22 per lb Cr, from $...Read More
The import market for charge chrome in China rose on Tuesday February 9, with tight supply continuing to strengthen sentiment despite the damping effect of the approaching Lunar New Year holiday, February 11-17, on activity in the chrome market.Fastmarkets' price assessment for ferro-chrome, 50% Cr, import, cif main Chinese ports, rose by $0.04 per lb (3.8%) to $1.10 per lb contained Cr on Tuesday...Read More
China's Shaanxi Iron & Steel has booked its first-ever imported scrap cargo, the company said this week.Its trading subsidiary Tong Chuan Import & Export booked 5,000 tonnes of steel scrap from Peru, with the cargo due to arrive at Rizhao Port in mid-March.This is the first import business in northwest China since restrictions on imports of ferrous scrap were relaxed."Ferrous scrap...Read More
German industrial group Thyssenkrupp will close its heavy plate business by the end of the fiscal year on September 30, 2021, the company said on Wednesday February 10. The company is going through a major restructuring process and in November 2020 said that the likelihood of the agreed closure of the heavy plate unit is increasing due to a lack of interested parties in the bidding process. I...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
Tin premiums in Taiwan and the United States reached new heights in the week to Tuesday February 9, with growing global supply concerns prompting sharp inclines in bids and offers while sellers continue to take control. Chinese buying momentum hits TaiwanMyanmar production faces setbacksUS premium sets new highs amid material shortagesEuropean participants lament spot market difficultyTaiwan tin p...Read More
Molybdic oxide and ferro-molybdenum prices were back on an upward path during the first half of the week, mainly due to tight oxide availability, which has been heightened by recent shipping delays out of Chile. Fastmarkets' price assessment for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, rose by 2% on Wednesday February 10 to 11.50-11.70 per lb from $11.30-11.45 per lb on Febr...Read More
A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More