An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, 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) - Today, Victoria Gold (TSX-VGCX) announced that during the three months ended September 30, 2021, the Eagle Gold Mine produced 55,827 ounces of gold, compared to 35,312 ounces of gold production in Q3 2...Read More
Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on Friday November 12.China?EUR?The ferro-silicon price in China continued its downward trend this week, followed by weak futures, thin deal numbers and inquiries, and the decreasing price of semi-coke, a key raw material in ferro-silicon production.?EUR?Weak market sentiment clouded the ferro silicon...Read More
The UK-based parent will own 37% of the new Panther, which intends to sniff out nickel, cobalt and gold across areas of Western Australia and the Northern Territory.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) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported Friday that its sales for the three months ended September 30, 2021 were $162.6 million, an increase of 95% from the $83.4 million reported in Q3 20...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) - Pretium Resources (TSX, NYSE: PVG) reported today that in Q3 2021, the company produced 90,673 ounces of gold, up 5% compared with 86,136 ounces produced in Q3 2020.According to the company's statement...Read More
Adam HamiltonArchivesNov 12, 2021 The gold miners' stocks are surging dramatically, despite the Fed starting to slow its epic money printing. Heavy gold-futures selling exhausted itself leading into this QE taper, paving the way for strong mean-reversion rebounds in gold and gold stocks. This sector's latest Q3'21 earnings season is just wrapping up, revealing whether gold miners' underlying funda...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...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) - New Gold (TSX: NGD) announced today that its total production in Q3 2021 was 105,628 gold equivalent ounces, a decrease of 9% compared to Q3 2020 (115,536 ounces).The company said that its revenue for...Read More
Spot copper concentrate processing charges dropped slightly during the week ended Friday November 12, with the market focused on 2022 contract negotiations. Spot activity was minimal, with treatment charges for smelter purchases and trader purchases in the low-$60-per-tonne and low-$50-per-tonne range respectively. As a result, Fastmarkets' calculation of the copper concentrate TC index, cif...Read More
NEW YORK, Nov 12 (Reuters) - A lack of news over U.S. President Joe Biden's pick for Federal Reserve chair is introducing unpredictability for investors at a crucial time, as the central bank prepares to taper its asset purchases and start hiking rates.Many investors have been expecting that Fed Chair Jerome Powell, who was nominated for the role by President Donald Trump in 2017, would be renomin...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
LONDON (Reuters) - The Bank of England will be the first major central bank to raise interest rates but whether that initial increase comes as soon as next month or if it waits until early next year has divided economists polled by Reuters.Britain's central bank surprised markets - but not a majority of the economists Reuters surveyed in October - by leaving Bank Rate unchanged at a record low of...Read More
LONDON, Nov 12 (Reuters) - Wall Street was headed for a steady start on Friday, helping stocks to consolidate record highs in Europe on the back of strong earnings and shrug off renewed selling in U.S. Treasury markets.The dollar was set for it biggest weekly rise in five months, helping to send crude oil prices down nearly 2% a barrel.U.S. Treasury markets were closed on Thursday for a holiday, b...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...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) - Gold is retracing slightly after six sessions of gains. The yellow metal is -0.17% lower leading into the European open trading at $1858/oz. Silver is trading 0.10% higher at $25.26/oz. Elsewhere in th...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More