Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand. Turkish import prices rebounded late in the week Strong domestic demand...Read More

Turkish steel producers ended the week with a total of five deep-sea scrap cargoes, with prices increasing throughout the week, market sources told Fastmarkets on Friday November 5.A steel mill in the Izmir region booked a Baltic Sea cargo consisting of 11,000 tonnes of heavy melting scrap 1&2 (80:20) at $500 per tonne and 15,000 tonnes of shredded and 3,000 tonnes of bonus at $520 per tonne cfr l...Read More

Nov 5 (Reuters) - Wall Street's main indexes hit record highs in a broad-based rally on Friday as data showing strong jobs growth in October, coupled with Pfizer's COVID-19 pill update, bolstered sentiment about economic growth.Ten of the 11 major S&P sectors advanced, with three of them gaining more than 1% each. The small-cap Russell 2000 index (.RUT) added 1.6%, also scaling a record peak...Read More

Prices for shredded steel scrap imported into Pakistan and India dipped on Friday November 5 after trading slowed for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $557.89 per tonne on Friday, compared with $563.74 per tonne one week previous.Deals were heard at $552-562 per tonne in the reported...Read More

After two months of dismal job reports, the BLS finally redeemed itself when moments ago it reported that in October the US gained some 531K jobs, well above the 450K consensus exp and above the 500K whisper number. The gain in payrolls was also bigger than all but 10 of the 75 forecasts in Bloomberg's survey.As Bloomberg calculates, if payroll gains stay at the same pace as October's, in eight mo...Read More

Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 5, but for the most part they were on a back foot and looking vulnerable. At the same time, base metals prices on the Shanghai Futures Exchange were mainly weaker while they tracked the weakness on the LME on Thursday, and because weaker coal prices in China are less likely to cause metal producers to cut...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) - Novo Resources (TSX: NVO) announcedtoday that operations have resumed at its Golden Eagle processing facility inAustralia.The company said that theGolden Eagle Mill underwent opportunistic maintenance...Read More

WASHINGTON, Nov 5 (Reuters) - U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.But the brightening outlook was somewhat clouded by millions of unemployed Americans who remained at home even as companies are boosting...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) - According to a data byStatistics Canada (StatCan) released yesterday, total exports from Canada weredown 2.3% in September to $53.0 billion, the first decline after threeconsecutive monthly increases.S...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) - Centerra Gold (TSX: CG) (NYSE:CGAU) today reported that net earnings and earnings from continuing operationsof $27.6 million were recognized in the third quarter of 2021, compared to netearnings of $20...Read More

United States-based lithium producer Livent has increased its revenue forecasts for October-December 2021 despite higher costs for energy and raw materials, it said on Thursday November 4.The company also noted the tight supply of lithium hydroxide and expected non-Chinese battery production to increase, according to its third-quarter financial results released on Thursday and a conference call on...Read More

WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell and Governor Lael Brainard were spotted at the White House on Thursday as President Joe Biden mulls a decision on appointments at the central bank, according to a person close to the process.Biden has not yet made a decision on whom he wants to be Fed chair but expects to do so soon, according to the source.Investors believe Powell remains...Read More

An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...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) - Kirkland Lake Gold (TSX:KL)(NYSE:KL) today announced a revised drill intercept for one drill hole reportedin the Lower Phoenix System at Fosterville in the news release issued on August30, 2021. Accord...Read More

"Our government is proud to support Ontario's forest sector, enhance business operations and boost competitiveness in the Parry Sound region," said Norm Miller, MPP for Parry Sound-Muskoka. "This investment demonstrates our commitment to stimulate economic growth and ensure Northern Ontario businesses can thrive, expand and prosper."The market analysis will examine methods to improve wood supply u...Read More

Seaborne lithium prices continued to edge up in Asia on tight availability over the week to Thursday November 4, with momentum in China filtering through to the wider regional market.?EUR? Seaborne Asian battery-grade lithium hydroxide prices continued to make notable gains amid elevated offers.?EUR? Battery-grade lithium prices steady in China on strengthened optimism for LFP batteries.?EUR? Euro...Read More

(Reuters) - Wall Street's main indexes were set for a record open on Friday, as data showing strong jobs growth in October, coupled with positive earnings and Pfizer's COVID-19 pill update, boosted sentiment about economic growth.The Labor Department's report showed U.S. employment increased more than expected last month as COVID-19 infections over the summer subsided, offering more evidence that...Read More

The downward pressure on flat-rolled steel import prices in South America persisted in the week ended Friday November 5, with buyers still cautious of ordering January-shipment cargoes while gauging future demand and overall pricing trends.More market participants expressed their fears during the week regarding an export duty being imposed on steel products from China from January 2022. They said...Read More

By Kevin Buckland TOKYO, Nov 5 (Reuters) - The dollar was on course for asecond straight week of gains against major peers on Friday,ahead of a key U.S. jobs report that could sway the timing ofFederal Reserve interest rate increases. Sterling headed for its worst week in 11 after the Bank ofEngland caught the market off-guard by keeping rates steady onThursday. The dollar index , which measures t...Read More

Share this article TORONTO - African Gold Group Inc. [AGG-TSXV, AGGFF-OTCQX, 3A61] said it has upsized a previously announced non-brokered private placement, with proceeds earmarked for the company's Kobada Gold Project in Southern Mali.The company said the upsized private placement will be for gross proceeds of up to $5 million via the sale of up to 35.7 million units priced at 14 cents each. Th...Read More