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
Aluminium crossed the $2,200-per-tonne mark and copper continued to extend its bullish rally on the London Metal Exchange during morning trading on Thursday February 25, with a softer US Dollar Index supporting higher prices in the complex.Aluminium's three-month price was up by 1.85% to $2,225 per tonne at 9am this morning, after a 1.7% gain on Wednesday at the close, which saw the metal rise to...Read More
China's domestic rebar prices moved up on Thursday February 25 on rising futures though demand was weaker due to adverse weather. DomesticEastern China (Shanghai): 4,620-4,650 yuan ($716-721) per tonne, up by 20-30 yuan per tonneRebar futures rose during the day on market participants' bullish outlook for demand in spring. Spot rebar prices followed suit.But bad weather is currently putting pressu...Read More
Apart from nickel on the London Metal Exchange, the rest of the base metals on both the LME and Shanghai Futures Exchange were once again stronger this morning, Thursday February 25.US Federal Reserve Chairman Jerome Powell told Congress that it might take three years to reach the central bank's inflation targetsAsian-Pacific equities were up strongly on Powell's commentsBase metals The LME three-...Read More
China's domestic stainless steel prices rose surged to their highest in three-and-a-half years in the week to Wednesday February 24 amid a soaring nickel market and recovering demand.The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $19,402 per tonne, up by $1,547 per tonne - or 8.66% - from $17,855 per tonne on February 1.Fastmarkets' price...Read More
A summary of Finnish miner Terrafame's financial results for the fourth quarter and full year to December 31, 2020, published by the company on Thursday February 25. In brief The full-year earnings before interest, taxes, depreciation, and amortization (Ebitda) was ?,?23.8 million ($28.9 million), down from 2019's ?,?32 million. In the fourth quarter, however, the company's Ebitda was ?,?17....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...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...Read More
A deepening of the acute shortage of titanium scrap, added to the news this week of a slump in aerospace orders, should support and strengthen prices for both scrap and ferro-titanium in the coming months despite the potential consequences for alloy consumption, industry sources told Fastmarkets on Wednesday February 24.Prices in Europe's titanium scrap markets have been rallying for almost seven...Read More
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The spot cobalt hydroxide payable edged higher in the first half of the week with consumers holding robust demand amid persistent spot tight availability of the feedstock, sources said on February 25.Fastmarkets' assessment for cobalt hydroxide payable indicator, min 30% Co, cif China rose to 92.5-94% of standard-grade cobalt (low end) on Wednesday February 24, up by 0.81% from 92-93% on February...Read More
Even better to come in 2021, say analystsRead full newsRead More
The bullish run of gold may not quite be over yet. After reaching an all-time high in August 2020 when it nearly doubled its value, followed an expected correction As investors restored some of their confidence in a recovering market and economy amid efforts to contain the global pandemic, their interest in safe havens cooled off for a while. Some analysts estimate a Second Gold Rush just be gett...Read More
“It won’t do anything except look at you.” Warren Buffett spoke these words in 2009, referring to the world’s most precious metal. The famed value investor never had a liking for gold until the 2020 global pandemic. For the first time, Berkshire Hathaway took a position in a gold stock in Q2 2020.Buffett’s conglomerate bought 20.9 million shares of Barrick Gold (TSX:A...Read More
The 10-year U.S. Treasury yield surged past the 1.5% mark this week, sparking renewed inflation fears in the hearts of investors.With bond yields rising a staggering 0.5% in around two months, growth stocks look the least attractive as they have in quite a while. Some of the frothiest growth stocks with price-to-earnings (P/E) multiples at nosebleed-levels have started to fall back to earth. While...Read More
We've talked a lot about renewables and energy over the years around here. We've brought a lot of that to you.However, our coverage - while I stand by it - leaves a whole lot we haven't discussed.Sure, we talk a lot about transportation and how battery power fails to scale well to heavy vehicles. It will drive alternative power source engineering and manufacturing for decades to come, but that is...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.Lead and zinc's three-month prices were down by 5% and 3.4% respectively at the 5pm close, to $2,052.50 per tonne and $2,792.50 per to...Read More
London Metal Exchange metals prices were all lower on Friday February 26, following a spike in US 10-year Treasury bonds and a higher US Dollar Index.Tin and copper futures prices fell from their recent highs amid profit-taking, while nickel dropped below $19,000 per tonne.Yields on the 10-year US Treasury bonds jumped to 1.6% on Thursday before drifting down to 1.43% on Friday morning, but the ri...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 26.China Low-grade seaborne prices jumped after South African miners raised their offers due to rising freight costs and expectations of lower shipments in the coming weeks following logistical disruptions. High-grade prices also edged up amid improving downstream sentiment. The stronger ra...Read More