Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday June 26. China The domestic market was propelled higher by continued tight availability, with increased spot demand from mill restocking ahead of the Dragon Boat Festival holiday on June 25-27.Export prices followed the domestic market up, despite major suppliers admitting...Read More

An overview of the minor metals markets and the reasons for their latest price moves.Read More

The Minerals Council South Africa figures indicate more than 34,000 jobs have been lost in the industry, which employed about 455,000 people in 2019.The mining lobby group had reported the industry's first death from the global pandemic on May 15.At the time, there were 23 positive COVID-19 cases among the country's mining employees.That figure broke through the 1,000 mark last week, with the seco...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort308,45956,50247,555114,410401,702470,424505,759Change from Prior Reporting Period 31,0643,4551,4683,48832,76036,02037,683Traders22560695457305163 Small Speculators LongShortOpen Interest 61,67726,342532,101 6,5184,85542,538 non reportable positionsChange from the previous reporti...Read More

By: Ira EpsteinGold weekly chart shows $16+ for the week going into Friday. $1785 area still the resistance, will be looking at this..Read More

The price of austenitic stainless steel scrap in the European domestic market moved slightly higher this week because of tight supply, despite low demand from mills and lower nickel costs, Fastmarkets heard on Friday June 26.Traders had by this week settled their terms with stainless steel mills for July, and in some cases had secured slightly lower nickel discounts - when traders sell to mills, t...Read More

The inter-merchant spot price for light iron scrap in the UK was unchanged in the week to Friday June 26, continuing the stability seen last week amid low-key but steady trading and little change in export prices, trade sources said.There was also some market expectation that monthly delivery settlement prices would be rolled over after the conclusion of negotiations due to start next week.Trade s...Read More

Steel scrap prices in the major regions started to weaken during the working week from Monday June 22 to Friday June 26, amid softening demand.Turkish mills booked only two deep-sea cargoes this weekUS export prices down $6 per tonneSteady demand could not prevent prices weakening in VietnamImport prices down in Taiwan ahead of festival periodLower prices entice buyers in India.TurkeyTurkish steel...Read More

Markets were mainly firmer this morning, Friday June 26, with the base metals up across the board and most Asian-Pacific equities indices showing gains, while gold prices were consolidating - all of which suggesting a slight risk-on sentiment.Pre-market major European equity index futures were up by around 0.7%, following gains in the United States on Thursday.Global trade dropped by 12.1% in Apri...Read More

TORONTO - The Ontario government is helping large industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years. Effective immediately, companies that participate in the Industrial Conservation Initiative (ICI) will not be required to reduce their electricity usage during peak hours, a...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Champion Iron Limited (TSX: CIA, ASX: CIA), through its subsidiary Qu?(C)bec Iron Ore Inc., owns and operates the high-grade low-cost Bloom Lake Mining Complex, located on the south end of the Labrador Trough in Northern Qu?(C)bec, adjacent to established iron ore producers. Bloom Lake is an open-pit truck and shovel operation, with a concentrator, and it ships iron concentrate from the site by ra...Read More

The bullish sentiment on gold is rapidly growing amid both institutional and retail investors as the number of reported COVID-19 cases increases in the U.S., casting shadows on hopes of a fast economic recovery.With reported coronavirus cases jumping in Southern states, the U.S. set a daily record for the number of new cases yesterday. According to data collected by Johns Hopkins, 40,401 new cases...Read More

Perseus Mining Limited (ASX/TSX: PRU) is an Australian company, that operates two gold mines in West Africa, with first gold, from its third mine, Yaour?(C), expected in December 2020, increasing gold production to more than 500,000 ounces per year in 2021/2022. We learned from Jeff Quartermaine, Managing Director and CEO of Perseus Mining, that they are generating quite a lot of cash in the curre...Read More

The standard for lithium compounds used in battery applications should be set by battery manufacturers and original equipment manufacturers (OEMs) based on technological development rather than government authorities, lithium market experts Emily Hersh and Daniel Jimenez said in a Fastmarkets' lithium webinar on Tuesday June 23.Lithium compounds are a key ingredient in the manufacture of batteries...Read More

European and United States lithium technical and battery-grade prices held steady in the seven days to Thursday June 25, with the market watchful of the continued uncertainty surrounding the economic impact of the Covid-19 pandemic.Lithium extraction and export operations in Chile - a key producer of lithium compounds - have not been affected so far by the increasing number of Covid-19 cases in th...Read More

In this week's Insights newsletter, we celebrate the Venture Index setting a 2020 high yesterday. Junior mining is leading the charge helping Venture stocks to lead the Canadian market for the first time in a very long time. Our insider of the week is involved with a company that has shifted focus from mining into transaction processing. In this case, we not talking hard rock mining, but an excit...Read More

David Rosenberg is back on Real Vision today with a bullish take on gold and healthcare. As for the rest of the market and the economy, that is a different story. He also sees a zombification of corporate America, a theme we discussed last week. Corporate zombies are on the roam For those who are upbeat on the prospects of both the resource and public sectors in the years ahead, check out our v...Read More

The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.Demand was recovering at a slower pace than expected after the restrictions imposed to prevent the Covid-19 pandemic from spreading, according to market participants.While some Peruvian...Read More

Prices in the Turkish domestic market for hot-dipped galvanized coil (HDG) and color-coated coil decreased in the week to Friday June 26, with demand moderate, sources have told Fastmarkets.And the export market was weak because of the high prices offered by Turkish mills.The reason for the fall in the domestic prices for coated flat steel was the decline in the price for hot-rolled coil, which is...Read More