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 new energy materials markets and their price moves from the past week. Read More
Chile-based producer Mantos Copper has secured a total of $846.6 million to finance its Mantoverde project in the South American country into production.The finance package includes $275 million in equity from Mitsuibishi Materials, in return for a 30% shareholding in the project, which is scheduled to produce 110,000 tonnes per year of copper from 2023 to 2030.Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped further into Fastmarkets' record lows, with the market pricing spot cargoes at slimmer discounts to London Metal Exchange prices ahead of the Lunar New Year holidays. Fastmarkets' benchmark copper concentrates TC/RC index, cif Asia Pacific settled at $36.20 per tonne / 3.62 cents per lb on Friday February 12, down from $37 per...Read More
Gold equivalent production fell 5% year-on-year but hit guidance at 672,619 ounces, with better than expected output from Newmont's Peñasquito mine in Mexico and Glencore's Antamina in PeruRead More
A summary of aluminium producer Hydro's fourth quarter 2020 results.Summary: Hydro's underlying Earnings before interest and taxes (Ebit) for the fourth quarter of 2020 was 1,449 million Norwegian krone ($170 million) up from 560 million Norwegian krone in the same quarter last year.The company said improved downstream margins and volumes, along with lower upstream raw materials co...Read More
Adam HamiltonArchivesFeb 12, 2020 With demand soaring for high-potential trades, newer speculators and investors shouldn't overlook the gold miners' stocks. For decades contrarians have used this volatile sector's big swings to multiply their capital. Gold-stock uplegs yield massive gains, which are realized near toppings to weather subsequent corrections in cash. Timing entries and exits to ride...Read More
An overview of the new energy materials markets and their price moves from the past week. Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael...Read More
Global prices on the key scrap markets have rebounded in the working week to Friday February 12 after Turkey returned to the market to book cargoes at higher prices.Turkey returns to market at higher pricesUS market ends two-week dry spellTaiwanese importers look for material on market reboundIndian prices boosted by Turkey's return to market.TurkeyTurkish mills did not return to the deep-sea mark...Read More
The price of shredded steel scrap imported into India and Pakistan moved up in the week to Friday February 12 with sentiment turning positive, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $415.11 per tonne on Friday, up from $408.73 per tonne one week earlier.Several deals were heard for shredded material at the star...Read More
The price range for UK-origin light iron scrap fell for the fourth week in a row in the period to Friday February 12, with British scrap export prices having been persistently low in the past few weeks.But a market bottom may have been reached because European export prices to the key destination of Turkey recovered late in the week, sources told Fastmarkets on Friday.The consistent fall in the UK...Read More
With Greater China on holiday, base metals trading on the London Metal Exchange has been quiet this morning, Friday February 12, with prices little changed and trading volumes light - but so far prices are holding up in high ground.The outlook for metals demand is strong, but could it be derailed by the global semiconductor shortage?Base metalsThree-month base metals prices on the L...Read More
Share this articleVANCOUVER - SIGMA Lithium Resources Corporation (TSXV: SGMA) (OTC-QB: SGMLF) announced that it has closed its previously announced upsized non-brokered private placement of common shares and has issued 9,545,455 common shares at a price of C$4.40 per share (which is 10% above the initial indicated price) for gross proceeds of C$42.0 million.The Offering book was oversubscribed an...Read More
Brazilian flat steel producer Usiminas estimates that, after recent price increases and including taxes, domestically produced flat steel is sold at a premium of around 10% compared with imported material - a level the company sees as the "ideal" difference between prices of imported and domestically made material."[Our price] in the domestic market is currently within Usiminas' target," commercia...Read More
Kenorland Minerals Ltd (TSX.V KLD) currently holds three projects, where work is being completed under an earn-in agreement from third parties. The Frotet and Chicobi Projects, which are both located in Quebec, Canada, are optioned to Sumitomo Metal Mining Canada Ltd. The Chebistuan Project, also located in Quebec, is optioned to Newmont Mining. The Company also owns 100% of the advanced Tanacross...Read More
Every once in a while, all the pieces fall into place and a new investment sector is born.If you think about Henry Ford and the Model T, you think about precision instruments, the combustion engine, the carburetor, interchangeable parts, the Bessemer process for producing steel, etc...If you consider the iPhone, you think about high-speed mobile; long-lasting batteries; small, fast, and powerful c...Read More
Hot-rolled coil prices in the United States have fallen by nearly $20 per short ton ($1 per hundredweight) one day after reaching an all-time high, while buyers weighed the risks of purchasing material at these levels.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $58.67 per cwt ($1,173.40 per ton) on Friday February 12, down by 1.61% from $59.63 per cwt on Thursday...Read More
Import prices for flat-rolled steel products edged upward in South America during the week to Friday February 12 with deals settled at prices a little higher than previously, in the absence of Chinese exporters from the market.Offers from China were scarce ahead of the Lunar New Year holiday, February 11-17. But some traders were still trying to sell a remainder of April-shipment cargoes from the...Read More
Brazilian rebar prices rose in February after producers questioned whether an increase was sustainable amid a downturn in international markets.Fastmarkets assessed the price of steel reinforcing bar (rebar) domestic monthly, delivered Brazil at 4,720-4,860 Reais ($877-903) per tonne on Friday February 12, up from 4,495-4,575 Reais per tonne on January 8.In late January, steel mills were pushing f...Read More
The prospects for the global long steel market in 2021 remain rather optimistic despite some fluctuations, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday February 10. "2021 looks very likely to be a year of rebound, a year of multilateral boosts to the global resurrection, with less political uncertainty. It is highly likely that demand will be good this year,...Read More