China's domestic rebar price dropped on Tuesday July 20 due to weak demand caused by adverse weather in large parts of the country, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,220-5,240 yuan ($804-807) per tonne, down by 10-20 yuan per tonneThere was heavy rain in central China's Henan province and southern China's Guangdong province on July 20, and large...Read More

Base metals prices on the LME were up across the board this morning, Tuesday July 20, while the SHFE followed Monday's weakness, which was triggered by growing fears over the potential impact of the Delta variant of Covid-19 on the global economic recovery.Gold, the yen and the dollar were stronger and the United States 10-year treasury yield weaker - all signs of a pick-up in haven demandThe spre...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

Chinese antimony market participants report reduced offers, higher prices and increasing difficulty in securing material, sources told Fastmarkets.Fastmarkets' weekly price assessment for antimony MMTA standard grade II, ddp China was 59,000-60,000 yuan ($9,093-9,248) per tonne onJuly 16, up by 1,500-2,000 yuan per tonne (3.0%) from 57,500-58,000 yuan pertonne the previous week.A shortage of ores...Read More

This year's ranking of the top ten U.S.-based mid-tier and junior precious metals companies based on market capitalization as of July 7, features a number of new entrants including i-80 Gold and Gatos Silver. The data was compiled by our sister company MiningIntelligence, https://www.miningintelligence.com/.1. Coeur MiningMarket Cap: US$2.1 billionAt Coeur Mining's Wharf gold-silver mine in South...Read More

Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) has given the go-ahead to develop the Wasamac gold mine, with study results showing more reserves, higher annual production and increased cash flows. The project is 15 km west of Rouyn-Noranda, Quebec.The company acquired the Wasamac deposit and Camflo property and mill when it bought Monarch Gold in January. Since that time, it has used its due diligenc...Read More

This week's episode features Alcoa's second-quarter conference call, with president and chief executive officer Roy Harvey and executive vice-president and chief financial officer William Oplinger. Harvey and Oplinger showcase the company's record earnings and highlight the big issues impacting the aluminum market, such as China cracking down on aluminum smelters as well as rising metal prices. Th...Read More

Endeavour Silver (TSX: EDR; NYSE: EXK) has bought Canamex' Bruner gold exploration asset in Nevada, about 180 km southeast of Reno for US$100 million in cash.Gold was originally discovered at Bruner in 1906 and the district saw intermittent small-scale mining between 1906 and 1998. Recent exploration activities by previous operators have included mapping, sampling, geophysical surveys and drilling...Read More

Goldplay Mining Inc. , ,is pleased to announce that it has begunRead full newsRead More

As inflation fears continue to mount, more attention is being focused on the precious metals industry. Silver has been doing better than gold in recent years, considering the metal’s dual use as both a precious and industrial metal These recent months of elevated and increasing prices exacerbated by price plunges due to the COVID-19 pandemic saw inflation reaching 3.8%, its highest in 30 ye...Read More

Gold remans stable amid higher inflation. After the surge in May, the consumer price index surged 0.9% in the last month, following a 0.6% jump in May. This was the largest one-month change since June 2008, during the Great Recession. Naturally, this has caused a lot of unease among investors and corporations looking to hedge against the negative effects of inflation. Gold prices a...Read More

Federal Reserve Chairman Jerome Powell testified before Congress this week, attempting once more to defend the indefensible.But the numbers don't lie, and they're saying a lot right now.In the 12 months through June, producer prices rose 7.3% - the biggest jump since annual numbers were first crunched back in November 2010.In that same time, consumer prices rose 5.4%, topping May's 5% increase and...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More

Base metals prices on the London Metal Exchange were broadly stable on Wednesday July 21, with minimal reaction to China's announcement to sell more state reserve metal during the day. The three-month zinc price closed 1.1% lower than the previous day at $2,929 per tonne, while the three-month aluminium price was down 0.5% to close at $2,453.5 per tonne from a day ago,...Read More

European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More

Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More

Fastmarkets' Asia ferro-silicon prices were published early today due to an editor error.These prices were published at 10.35 GMT instead of 14.00-15.00 GMT. The pricing session took place as normal and the data appears as intended.The affected prices are:Ferro-silicon 75% Si min, cif Japan, $/tonneFerro-silicon 75% Si min, in-whs China, yuan/tonneFerro-silicon 75% Si min export, fob China, $/tonn...Read More

Jul 21, 2021 Guest(s): David Barse Founder & CEO, XOUT Capital A wave of technological innovations in the automotive, entertainment, and consumer finance sectors have for now, dethroned Tesla, Netflix, and Mastercard in their respective spaces, said David Barse, CEO of XOUT Capital, adding that the fears around COVID's Delta Variant were a "false alarm."The XOUT ETF excludes "loser" stocks from...Read More