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

Key data from Fastmarkets' pricing sessions in Europe and the United States for the week ending Friday February 19.Europe The market edged slightly upward, with around four truckloads purchased at ?,?1,310 ($1,581) per tonne and some sources reporting that cheaper material was no longer available....Read More

Adam HamiltonArchivesFeb 19, 2021 The gold miners' stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. While uncommon and unpredictable, these retests are very challenging psychologically. The resulting drawdowns in gold-stock positions shake out the weak hands, spawning widespread capitulation. But holding on...Read More

Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(TSXV: SSVR, OTCQB: SSVRF, Frankfurt: 48X)is pleased to announce that it has closed the non-brokered private placement financing of units of the Company (the "Units") at a price of $1.00 per Unit (the "Offering") for gross proceeds of $10,168,000. Participation in the Offering included an order of $2,000,000 from Mr. Eric Sprot...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 19.China Low-grade seaborne manganese ore prices inched higher on a cif basis amid improved supplier sentiment due to rising logistics costs and the stronger South African rand, which reduces miners' netback in local currency.A steep rise in freight rates widened the gap between...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (the "Company" or "FinCanna")is pleased to announce its intention to raise $1,500,000, by way of a non-brokered private placement of 12,000,000 units (the "Units") at a price of C$0.125 per Unit (the "Private Placement"). Each Unit will consist of one common share of FinCanna and one-half of one common share purchase warrant. Each full warrant wil...Read More

Copper traders are starting to place bets that the metal will hit $12,000 per tonne by December but market makers say bullishly positioned options are dragging the metal's price higher sooner than that. Targeting March expiry, traders have placed 1,970 lots of call options at $9,000 per tonne on the London Metal Exchange, giving the holder the right to buy the metal if that level is hit; a further...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

An overview of the new energy materials markets and their latest price moves. Susan Zou and Sybil Pan...Read More

Ferrous scrap prices in the key global markets have gone up in the week to Friday February 19 with stronger steel demand following the return of market participants from China's Lunar New Year holiday.Turkish steel mills resumed their deep-sea scrap purchases at higher pricesUS ferrous scrap exporters seek higher pricesPost-holiday rebound in steel trade drives up scrap import prices in VietnamUpt...Read More

The cost of austenitic alloy steel scrap in the UK and Europe increased again over the past week on higher nickel costs, sources told Fastmarkets on Friday February 19.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?1,150-1,200 ($1,601-1,670) per tonne on Friday, an increase of ?20 per tonne week on...Read More

Prices for shredded steel scrap imported into India and Pakistan continued to move upward in the week to Friday February 19 on tight supply and challenging shipping conditions, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $430.86 per tonne on Friday, up from $415.11 per tonne one week earlier.Two deals were heard this wee...Read More

A summary of Canadian base metals miner Hudbay Minerals' results for the fourth quarter and full year of 2020. Summary:  The company's adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) for 2020 decreased by 14.4% to $306.7 million from 2019's full year figure of $358.5 million. This was despite adjusted Ebitda in the fourth quarter growing by 30% year on y...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer this morning, Friday February 19, on the back of expectations for stronger demand from a widespread recovery and due to the underlying momentum.There are potential headwinds - namely the rising US treasury yields and talk that US taxes may have to rise to help pay for the pandemic response a...Read More

New structures to lithium contracts will provide more flexibility to raise prices in response to improving market conditions, United States-based lithium producer Albemarle said during an earnings call on Thursday February 18.The call followed the release of the company's full-year and fourth-quarter financial results for 2020.Eric Norris, the company's president of lithium operations, said that n...Read More

China's domestic lithium carbonate price increased by 4.4% over the week to Thursday February 18 supported by tight supply in the spot market, while the Asian seaborne lithium hydroxide market moved up for the first time in five months influenced by China's price upturn.China's domestic battery-grade lithium carbonate market continued its uptrend supported by spot material shortage, although buyin...Read More

Six people are dead after icy road conditions caused a 133-car pileup along Interstate 35W, just north of downtown Fort Worth, Texas, on February 11.Thirty-six others were rushed to hospitals with various injuries. Source: NBC5/ReutersThe carnage spanned over half a mile. Many folks were trapped in their vehicles and needed hydraulic rescue equipment to save them. Stranded motorists tried to make...Read More

IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF) is a well-funded uranium exploration and development company, founded and supported by the team of its major shareholder, NexGen Energy Ltd. IsoEnergy recently discovered the high-grade Hurricane Zone of uranium mineralization, on its 100% owned Larocque East property, in the Eastern Athabasca Basin in Saskatchewan, Canada. We learned from Keith Bodnarchuk,...Read More

Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) said it was able to partially resume operations on Friday February 19 after being forced to stop output at its steel unit and its coal and iron ore mines due to a shortage of fuel and energy. Ahmsa secured most of the energy supply needed by its mining and steel units and was able to re-establish gas supply at 50% of the normal p...Read More

Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is an exploration-stage company focused on the La Loutre Project in Quebec, where they are developing graphite to supply a future market for Electric Vehicles and to help facilitate the transition to the new green economy. We learned from Paul Gill, who is CEO of Lomiko Metals, that in 2019 they had a discovery, and recently announced an upcom...Read More

Hot-dipped galvanized (HDG) coil producers in Turkey increased their prices during the week to Friday February 19 on strong demand, sources told Fastmarkets.The main reason for the increasing prices was that high level of demand, but there were also rising prices for hot-rolled coil base material.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey, was $750-770 per...Read More