China's hot-rolled coil prices rose on Monday August 31, which led a major mill in northern China to raise its export offer by $10 per tonne.DomesticEastern China (Shanghai): 4,040-4,050 yuan ($589-590) yuan per tonne, up 30-50 yuan per tonneSellers in Shanghai raised their prices amid surging futures, although several sources in the city said trading activity was merely moderate in the spot marke...Read More
China's domestic rebar prices moved up on Monday August 31 on stronger demand among stockists and a strengthening of the billet market.Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($535-540) per tonne, up by 30 yuan per tonneRebar demand is expected to rise in the next two months when consumption typically experiences a seasonal peak amid milder weather.The absence of any major calamities s...Read More
A revival of spot trading activity amid an improving auto industry and a drop in cheap imports sent US silicon prices close to 2020's year-to-date high.The rising price of secondary aluminium alloys, the main end market for the 5-5-3 grade silicon metal Fastmarkets prices in the United States, also drew the raw material up in its wake. Fastmarkets assessed the price for silicon, ddp US, at 94-97 c...Read More
Key data from the Friday August 28 pricing session in Shanghai.Key drivers Exporters raised their offers following gains in the domestic market; domestic prices are said to be around 10,300-10,400 yuan ($1,499-1,514) per tonne, compared with around 10,200-10,300 yuan...Read More
Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Concern grows over proposal to open three mines along Nova Scotia's longest single waterway that supports both endangered species and ecosystemsRead full newsRead More
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.Read full newsRead More
Berkshire recently revealed an investment in a gold mining company while it trimmed some bank investments. Does this signal a change in Warren Buffett's investment philosophy? Don't count on it.Read full newsRead More
Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.Read full newsRead More
Gold79 Mines Ltd. is pleased to announce executive management chaRead full newsRead More
Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN:A2H9TN) (Read full newsRead More
Gold prices climbed higher in Tuesday’s trading session as a weaker dollar countered some pressure from the better-than-expected U.S. manufacturing data, which offered a correction from a two-week high. Spot gold was up 0.1% to $1,971.61 per ounce, having earlier hit its highest since Aug. 19 at $1,991.91. U.S. gold futures settled marginally higher at $1,978.90 per ounce. With gold...Read More
Sep 01, 2020 Guest(s): Jim McDonald CEO, Kootenay Silver Silver has seen significant momentum in the last two months as it is now outperforming gold. One mining executive said that all-time highs are not out of reach for the precious metal with this strong tailwind.In an interview with Kitco News on the sideline of the Mines and Money Online Connect global virtual mining conference, Jim McDonald...Read More
Anyone who follows The Outsider Club knows that I'm not a resource guy. My trading service, The Wealth Warrior, focuses instead on the defense and security sectors. I'm talking about companies that make fighter jets, drones, laser weapons, rocket engines, and advanced AI. Nevertheless, even I knew something big was on the horizon for gold. Here's what I told subscribers back in September 2019:...Read More
Sep 01, 2020 Guest(s): Adrian Day Gold and silver prices are going to go higher and end the year above $2,000 an ounce and investors shouldn't worry or quibble over some short-term profit taking and consolidation, according to one fund manager.In an interview with Kitco News, on the sidelines of the Mines and Money Online Connect global mining conference, Adrian Day, CEO of Adrian Day Asset Man...Read More
Sep 01, 2020 Guest(s): Kai Hoffmann CEO, Oreninc The junior mining sector has attracted more capital inflows between May and August than all of last year combined. Kai Hoffmann, CEO of SOAR Financial Group, sees this is a sign of renewed optimism in the space. "Obviously the gold price explosion [caused this] but in general, the return of the brokers and the bankers to the space, they're driving...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More