Victory Resources Corporation is pleased to announce that the ComRead full newsRead More

At PDAC2021, we spoke with Ian Ball, who is President and CEO of Abitibi Royalties Inc. (RZZ-TSX-V, ATBYF-OTC-Nasdaq), the streaming and royalty company that owns various royalties at the Canadian Malartic Mine, near Val-d'Or, Qu?(C)bec. In addition, the Company is building a portfolio of royalties on early-stage properties, near producing mines, generating mineral projects for option or sale. In...Read More

Volkswagen has decided to temporarily suspend production in all its Brazilian plants because of the worsening situation of the Covid-19 pandemic in the country, the company announced on Friday March 19The stoppage will last for 12 days and will start on March 24. Only essential activities will be allowed in the factories."The measure aims to preserve the health of the company's employees and their...Read More

The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More

Papua New Guinea's Ok Tedi Mining Limited (OTML) - a supplier of copper concentrate with high gold content to East Asia and Southeast Asia - will suspend production for 14 days from Friday March 19 to contain the spread of Covid-19. "In light of the recent surge in Covid-19 cases at the mine site and in Papua New Guinea, OTML will temporarily suspend operations for 14 days as of Friday March...Read More

When considering the prospects for the new Shanghai International Energy Exchange (INE) copper contract, a senior executive at one of the world's largest metals trading companies quoted Hamlet's soliloquy in the Shakespearian play of the same name."In terms of promotion of the internationalization of the renminbi and weakening of the pricing power of the [London Metal Exchange] and CME: 'To be or...Read More

If there is a delivery problem, it will be too late to get more at these cheap prices. Who's gonna blink first, Comex or the Silver-Apes?by J. Johnson via JS MinesetGreat and Wonderful Friday Morning Folks, Gold is up $7.40 with the June Contract trading at $1,742 with the high at $1,746.70 with a low at $1,729.30. May Silver is down 11.1 cents with the trade at $26.24 after the dip to...Read More

A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.Market chatter on this topic has grown increasingly louder, with industry sources in China hearing more and more details about these plans from late January onward."This is likely in line with China...Read More

A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. We also review our price forecasting accuracy for the second quarter 2020.Q2 2020 price forecast performance review According to the results of Fastmarkets' Apex for the second quarter of 2020 published this week, Fastmarkets' base metals research team was the second most accurate price forecaster for nickel (99.06%), lead...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese seamless linepipe prices have jumped by $120 per tonne over the past month because of rising costs. With iron ore prices remaining elevated, scrap costs on the rise, and activity at steel mills curbed by environmental measures, steel billet has become difficult to source, bolstering the prices for seamless linep...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view. This month's key North American steel forecast highlights: US hot-rolled coil prices continued to move in line with our forecasts in February, although actual prices again modestly exceeded our forecasts. Domestic HRC prices averaged $1,194 per ton in February, exceeding our forecast price of $1,150 per ton for the month. U...Read More

The conclusion of various holiday seasons, the end of winter, the progress of Covid-19 vaccination programs, and the will to return to more normal ways of life were all strong positives for the global long steel products market, the International Rebar Producers & Exporters Association (Irepas) said last week.The current situation and sentiment were generally very good in the world's long steel ma...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.United StatesDomestic prices for hot-rolled coil (HRC) in the United States averaged $1,316 per tonne in February 2021, and Fastmarkets' research team expects prices to maintain that momentum through March and April.Flat steel product prices in the country continue to be supported by exceedingly tight supply, reflecting prod...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Key ferro-alloy forecast highlights for the coming months:?EUR? A strong recovery in both bulk and noble alloys is expected in 2021 but the markets are unlikely to return to the levels seen before the outbreak of the Covid-19 pandemic. We have seen a quicker-than-expected recovery across various regions amid the economic fal...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More