By: Ira EpsteinGold has a lower highs and lower lows over the short-term. Choppy action. We are at the 18-dma, the battleground..Read More

Global manufacturers are waiting till end February to decide on their outsourcing strategy. If there is supply disruptions from China from March onwards then they will look to India and other Asian nations for their supplies. US economic numbers are not affecting gold price. Trend of all metals and energies on or after 18th February will be the key. China will fully reopen by then. There will be...Read More

Major Chinese copper smelter Daye Nonferrous, at the heart of the region affected by the coronavirus outbreak, is managing to continue its copper production activities by destocking the sulfuric acid byproduct at a discount, Fastmarkets has learnt."We have no plans to declare force majeure so far," a source with direct knowledge of the matter said. "We are still receiving overseas shipments of cop...Read More

China's alumina price is on an upward trend after many alumina refineries reduced production following transportation difficulties since the Wuhan coronavirus outbreak restricted their coal and bauxite supply, several sources told Fastmarkets on Monday February 10.Despite a bullish sentiment in the market, some alumina analysts think the uptrend may not last long because China still has a lot of a...Read More

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

Chinese battery materials producer GEM will prioritize delivering cargoes to overseas buyers in February amid the large-scale lockdown in Hubei province following the outbreak of the novel coronavirus (2019-nCoV), a company source told Fastmarkets. GEM's Jingmen plant is located in Jingmen city, Hubei province, which has been heavily affected by the coronavirus outbreak. The plant is unable to res...Read More

Turkish deep-sea scrap import prices have increased sharply with improving demand from the country's steel mills, sources said on Wednesday February 12.A steel mill in the Izmir region has booked a US cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $268 per tonne, 12,000 tonnes of shredded at $273 per tonne and 4,000 tonnes of bonus at $278 per tonne cfr. It was not clear whether this deal w...Read More

Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country's automotive sector to grind to a halt.Many manufacturing plants across China - including those in the automotive segment - have paused operations in the past two weeks to February 12 after the government extended workers' Lunar New Year holiday to...Read More

THUNDER BAY - The Ontario government is providing more travel options for passengers in the northwest with the launch of a new bus route between White River and Thunder Bay, offering riders easier, more convenient connections and direct stops at hospitals, post-secondary schools and other community hubs.Greg Rickford, Minister of Energy, Northern Development and Mines, was at Lakehead University t...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday February 12.Key drivers The price range for ferro-titanium has been stable over the past week, with suppliers holding their offer prices against steady but low-key demand from consumers. No deals were reported, apart from in the scrap market where there were reports of almost 40 tonnes bought in the UK at the top end of the latest a...Read More

Share this articleTORONTO - The formation of the Nevada Gold Mines joint venture last year, along with strong performances from Latin American, Asia Pacific and Africa/Middle East operations, helped Barrick Gold Corp. beat analyst expectations in the fourth quarter.The Toronto-based miner reported Wednesday gold production of 5.465 million ounces in 2019, at the top end of its guidance range, w...Read More

Share this articleVANCOUVER, GREAT ATLANTIC RESOURCES CORP. [TSXV.GR] is pleased to announce it has received analytical results for the fourth drill hole (GP19-140) completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone. GP19-140 intersected a near...Read More

Share this articleTORONTO - Barrick Gold Corp. raised its dividend as it reported a fourth-quarter profit of nearly US$1.39 billion.The gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of seven cents per share, up from a nickel per share.The increased payment to shareholders came as Barrick earned 78 cents per share in the quarter ended Dec. 31 compar...Read More

While equity markets remain buoyant on optimism that the spread of the novel coronavirus (2019-nCoV) may be slowing, the base metals seemed more circumspect on Wednesday February 12 as they wait to see what the fallout from the virus will be in terms of how much disruption the manufacturing sector is suffering.LME base metals prices were up by an average of 0.2%; SHFE base metals prices were mixed...Read More

So you can't make any money in oil and gas anymore?When Jim Cramer said that, I imagine that quite a few investors nodded their heads in agreement.Those people were also the same ones who waited until oil topped $100 before they got their feet wet.They were also the first to buy shares of Tesla at $968.99 apiece.Let's see how that trade works out for them. But we can see why he took the most beari...Read More

Chinese battery materials producer GEM will prioritize delivering cargoes to overseas buyers in February amid the large-scale lockdown in Hubei province following the outbreak of the novel coronavirus (2019-nCoV), a company source told Fastmarkets. GEM's Jingmen plant is located in Jingmen city, Hubei province, which has been heavily affected by the coronavirus outbreak. The plant is unable to res...Read More

EU domestic prices for hot-rolled coil have increased day on day due to tight supply from European mills and a lack of competitive alternatives from overseas, sources told Fastmarkets on Wednesday February 12.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?476.21 ($519.73) per tonne on Wednesday February 12, up by ?,?2.64 per tonne from ?,?473.57 per tonn...Read More

Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country's automotive sector to grind to a halt.Many manufacturing plants across China - including those in the automotive segment - have paused operations in the past two weeks to February 12 after the government extended workers' Lunar New Year holiday to...Read More

China's domestic hot-rolled coil prices regained some losses on Wednesday February 12 after the country reported its lowest number of new coronavirus cases since late January, which generated some optimism about the outbreak being contained.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($503-505) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,270 yuan per tonne,...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday February 12 that are worth another look.China may not be the big steady steel rebar buyer that most of us in the market thought it was, the International Rebar Producers & Exporters Association (Irepas) said on February 5 with regards the impact of the novel coronavirus (2019-nCoV).Major Chinese copper smelter Daye Nonferrous,...Read More