The new issue of the Seamless OCTG & Linepipe Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers analysis of seamless OCTG and linepipe across international markets:Covid-19 underscores pipe outlookUnsurprisingly, the concern in the seamless pipe markets across the regions is the effect of the spread of Covid-19 on public health and econo...Read More

Coronavirus cases in the U.S. topped 2 million and fears of a rise in infections pummelled the stock market. The Dow Jones Industrial Average Index plunged 5.55%, or 1,505.44 points, to finish the June 8-12 trading week at 25,605.54, and the S&P 500 dropped 4.78%, or 152.62 points, to 3,041.31. Spot gold finished at US$1,730.50 per oz., a gain of US$46.50 per oz., or 2.76%.Shares of AngloGold Asha...Read More

Concerns about a new surge of coronavirus infections sent the S&P/TSX Composite Index down 3.77%, or 597.50 points, to finish the June 8-12 trading week at 15,256.57. Spot gold rose 2.76%, or US$46.50 per oz., to close at US$1,730.50 per oz., and the S&P/TSX Global Gold Index climbed 2.07%, or 6.28 points, to 309.78. Other indexes were mixed. The S&P/TSX Base Metals Index fell 3.71% (3.41 points)...Read More

The gold miner is making moves to improve its near-term financial flexibility.Read full newsRead More

State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday.Read full newsRead More

Commodities are largely undervalued, offering clear opportunities for eagle-eyed investors seeking contrarian opportunities. Growth could abound in the following five metals, so let’s examine an exemplary stock for each one, along with the five persuasive reasons to get invested.Three metals stocks for energy disruptionIt’s no secret that hydrocarbon energy is a rapidly weakening inves...Read More

Russian imperial eagle, Saint Petersburg. (Image by George Shuklin, Wikimedia Commons). A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms."We forecast global gold production to increase from 106moz in 2020 to 133moz by 2029, averaging 2.5% annual growth," th...Read More

Containment bons in the Ambarnaya river. (Image courtesy of Nornickel). Clean-up costs for the fuel spill that took place in late May at Nornickel's Heat and Power Plant ?,,- 3 near Norilsk, in north-central Russia, add up to $150 million, according to information released by the company this week.To this amount, the company will have to add a series of financial penalties that will be calculated...Read More

While we all remain focused on the pandemic, protests, and indices near all-time highs in spite of the new recession, it is easy to let some of the most promising market news fall to the wayside.Few are looking as a major trend in potential zero-emission technologies continues to gain traction. Yet the news keeps coming.While the U.S.A. has remained especially inward-looking, as is so often common...Read More

Microscope. (Reference image from Pikrepo). Arash Komeili, a Bakar Fellow at the University of California - Berkeley, just discovered that some species of aquatic bacteria may help miners in finding new ways to extract metals for commercial value or environmental cleanup. In an article prepared by UC, Komeili explained that the bacteria that he is studying are capable of drawing in dissolved iro...Read More

Here are five Fastmarkets stories you might have missed on Friday June 12 that are worth another look.The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on June 12.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on...Read More

US stocks closed higher on Friday but the three key indices suffered their biggest weekly percentage declines since March, Reuters reported. The global number of COVID-19 cases has risen to 7.Read More

Here are five Fastmarkets stories you might have missed on Friday June 12 that are worth another look.The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on June 12.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on...Read More

Vale said it had reached a US$25 million settlement in a New York class action regarding the 2015 Samarco dam disaster in Brazil.Read More

Here are five Fastmarkets stories you might have missed on Friday June 12 that are worth another look.The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on June 12.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on...Read More

Here are five Fastmarkets stories you might have missed on Friday June 12 that are worth another look.The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on June 12.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on...Read More

"There is huge demand for physical gold. The amount of gold standing for delivery has increased almost every single day since first notice day. . . . If you go back two years ago, that never ever happened. . . . It looks like the Bank of International Settlements (BIS) is supplying the market to tamp down the price. We don't know when an actual failure to deliver event is going to happen, but the...Read More

The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors' association Assofermet said in a letter to the European Commission (EC).In late May, the EC presented a draft of the new safeguard measures to the World Trade Organization, which will go into effe...Read More

The European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on Friday June 12.The EC concluded that the European steel association, Eurofer, had provided sufficient evidence that Turkish HRC producers have been benefiting from a number of subsidies. Eurofer lodged a complaint to the EC on April 30 this year."The alleged subsidy pr...Read More

Technical analyst Clive Maund discusses the factors he sees weighing on precious metals in the near term.The precious metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to "risk on" as a result of ongoing massive money injection by the Fed coupled with this being a seasonally w...Read More