An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More

(Reuters) - The U.S. economy grew at a "modest to moderate" rate in September and early October, as the latest surge of coronavirus cases crested and began to recede, the Federal Reserve said on Wednesday in its latest Beige Book compendium of reports about the economy."Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and more caut...Read More

The study, completed using a US$100 per tonne price, suggests the current 10.4Mt grading 60.4% inferred resource can be recovered from multiple open pits within eight years, assuming a 1.Read More

An overview of the consumer electronics markets and their latest price moves.Janie Davies in...Read More

WASHINGTON, Oct 20 (Reuters) - U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals."We cannot do this alone," Monaco said on Wednesday during a virtual roundtable on cybersecurity."The bottom line is this: I believe it is bad for companies. It's bad for America and it hurts our efforts to uph...Read More

Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More

During an otherwise quiet pre-market session, billionaire investor Paul Tudor Jones sat down for an interview with the CNBC "Squawk Box" crew. But anybody who expected this to be a quiet, softball-filled interview about PTJ's philanthropic work (ahead of a major gala by his Robin Hood Foundation being held Wednesday night) was quickly disabused of that notion when PTJ opened with a...Read More

Two weeks after we reported that China's property market just suffered "catastrophic" property sales in September which invoked Goldman's "hard landing" scenario and which saw total sales of 759.6b yuan plunge 36.2% from September 2020 (and 17.7% lower from the same period in 2019), deepening a downward spiral that started in July with transaction volume of residentia...Read More

WASHINGTON (Reuters) - The Boston Federal Reserve will not release documents that could show whether its former president vetted a series of personal investments last year with its ethics officer, a spokesman for the regional Fed bank said, a key point in an ongoing ethics controversy at the U.S. central bank.Eric Rosengren, along with Dallas Fed President Robert Kaplan, stepped down after details...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Barrick Gold said yesterdaythat the Pueblo Viejo gold mine in the Dominican Republic is continuing toadvance a plant expansion and tailings storage facility project designed toextend its life to 2040 a...Read More

(Reuters) - Federal Reserve Governor Randal Quarles, until recently the U.S. central bank's top financial regulator, on Wednesday said he does not understand the arguments in favor of issuing a central bank digital currency."Until somebody answers me the question why, I don't understand why we would devote the enormous amount of resources and the technological risk and the significant disruption t...Read More

Turkish steelmakers continued to pay higher prices for deep-sea ferrous scrap cargoes scheduled for shipment in December, market sources told Fastmarkets on Wednesday October 20.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 32,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $502 per tonne and 3,000 tonnes of bonus-grade scrap at $522 per tonne cfr.Pre...Read More

WASHINGTON (Reuters) -U.S. President Joe Biden heads on Wednesday to his birthplace of Scranton, Pennsylvania as an agreement among Democrats on the scope of his social spending package appeared within reach.Biden will deliver remarks at the Electric City Trolley Museum in Scranton, Pennsylvania, an election swing state, and talk about how his infrastructure plan will benefit the working class in...Read More

Taiwan's import prices for containers of steel scrap were expected to continue to rise because of a huge premium for bulk import prices over material arriving in containers, market sources told Fastmarkets on Wednesday October 20.?EUR?Taiwanese buyers continue to book containerized cargoes?EUR?Chinese market muted by wide bid-offer gaps?EUR?China's ferrous scrap import volumes down by 49% month on...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Santacruz Silver Mining(TSX.V:SCZ) announced today that the company produced 316,024 ounces of silverin Mexico in Q3 2021, an increase of 4% compared to Q3 2020 (304,123 ounces).In addition, the compan...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Tanzanian Gold (TSX:TNX)(NYSE:TRX) announced Wednesday the commencement of the commissioning phase ofthe new expanded processing plant at its Buckreef gold project in Tanzania by360 tonnes per day. Dur...Read More

Base metals prices were down across the board on both the London Metal Exchange and Shanghai Futures Exchange this morning, Wednesday October 20, with relatively high volume being seen on the LME.After the upward spikes in LME cash prices, ahead of the October prime data, it is perhaps not surprising a reality check is underway......but once again let us see how far the pullback goes.Broader marke...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Anglo American announcedtoday that the value of rough diamond sales (Global Sightholder Sales andAuctions) for De Beers' eighth sales cycle of 2021 (period from 4 October to 19October) was $490 million...Read More

Oct 20 (Reuters) - The S&P 500 and the Dow inched closer to record highs on Wednesday after strong forecasts from healthcare companies Anthem and Abbott, while the Nasdaq lagged as technology stocks took a breather.The Dow Jones Industrials Average (.DJI) was just short of all-time highs reached in mid-August, while the benchmark S&P 500 index (.SPX) traded 0.2% below its early September recor...Read More

Australia-based global miner BHP has raised its offer in a bidding war to acquire prospective Canadian nickel producer Noront Resources.The Toronto-based junior miner recommended to its shareholders in July that they accept BHP's offer, worth at that time C$325 million ($263 million), instead of a competing offer from another Australian miner, Wyloo Metals.Wyloo counteroffered, and BHP raised its...Read More