Gold Standard Ventures reports that this designation is an important milestone in the permitting process. RC drill at the Pinion North ZoneIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that the Bureau of Land Management Nevada (BLM) issued a ruling that the company's Plan of Operations for its South Railroad Project (SRP) is deemed to be complete. The firm noted...Read More

Defense Metals reports that the LiDar data "arms us with an enhanced property-wide terrain model." Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported in a news release that "it has received final property-wide high-resolution airborne LiDaR (Light Detection and Ranging) survey results for its 1,708 hectare Wicheeda Rare Earth Element (REE) Property near Prince George, British Columb...Read More

A scheme in India to retire and tax older vehicles will increase the supply of scrap to its domestic market, if its implementation goes ahead after years of false starts, market sources told Fastmarkets.On January 25, the Union Minister for Road Transport and Highways, Nitin Gadkari, approved a proposal for a green tax on older vehicles and the scrapping of some vehicles, a government document sho...Read More

A scheme in India to retire and tax older vehicles will increase the supply of scrap to its domestic market, if its implementation goes ahead after years of false starts, market sources told Fastmarkets.On January 25, the Union Minister for Road Transport and Highways, Nitin Gadkari, approved a proposal for a green tax on older vehicles and the scrapping of some vehicles, a government document sho...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More

The Pilbara Ports Authority (PPA) issued three advisories over the weekend to clear ports in the Pilbara region in Western Australia ahead of a tropical low.The PPA said it instructed the ports of Port Hedland and Dampier to be cleared on Saturday January 30, and the Port of Ashburton the following day due to strong winds and heavy rainfall forecast across the region due to tropical low 12U.The Au...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

In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More

Copper cathode premiums in China rose on Tuesday February 2, with market participants expecting strong buying activity on expectations of restricted supply after the country's Lunar New Year holiday comes to an end in mid-February.China premiums up but buying muted ahead of holidaySupply issues in Japan, Chile restricting availabilityLondon Metal Exchange price drop encourages some spot buying.Sha...Read More

Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver.  It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More

Ferrous scrap prices in Mexico started to decline from all-time highs in the week ended on Friday January 29, with several mills reducing their buying price for the steelmaking raw material and announcing further price cuts.In both Baj?-o and Monterrey, price cuts of 100-300 pesos ($5-15) were reported last week. The movement is expected to be followed by weekly price reductions, which could...Read More

A summary of base metals premiums from across the globe for the week to Tuesday February 2.Please click...Read More

Here are five Fastmarkets stories you might have missed on Tuesday February 2 that are worth another look.Steelmaker ArcelorMittal is planning to restart blast furnace (BF) B at its Ghent plant in Belgium by the middle of February this year, the company told Fastmarkets on February 2.Aluminium...Read More

The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More

A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More

The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More

Cynthia Carroll has been appointed an independent non-executive director of Glencore plc, according to a statement on the company's website on Tuesday Fenruary 2. Her appointment takes effect immediately.Carroll was chief executive officer of Anglo American from March 2007 until April 2013, and in 2015 she became chair of Vedanta Resources.She started her career as an exploration geologist with Am...Read More

Zimbabwe emerged as the most likely beneficiary of South Africa's proposed chrome ore export tax in a recent Fastmarkets' poll. Fastmarkets examines the investment prospects for Zimbabwe's chrome sector and some of the hurdles the domestic industry faces, and why participants showed particular confidence in the country.In the poll, when asked which chrome-producing countries would likely benefit f...Read More

The London Metal Exchange tin price continued its uptrend by setting a new 2021 high and a historic $1,510-per-tonne backwardation on its benchmark spread, while the rest of the base metals complex closed on a mixed tone on Tuesday February 2. Tin's three-month price kept up its unabated rise on Tuesday despite a rising dollar, with the fundamentals for the metal superseding macroeconomic concerns...Read More

Seaborne iron ore prices tumbled on Tuesday February 2 amid poor steel demand which weighed further on market sentiment, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $149.80 per tonne, down $7.27 per tonne62% Fe low-alumina fines, cfr Qingdao: $150.37 per tonne, down $7.40 per tonne58% Fe fines high-grade premium, cfr Qingdao: $139.28 per tonne, down $4.67 per t...Read More