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

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

GFG Alliance will cut jobs following a drop in demand for steel due to the pandemic which has had a significant, lasting impact on the economies of the countries in which it operates, it said on Thursday June 11. The company announced the headcount reduction alongside an "accelerated investment program" and is implementing a global efficiency drive to help adjust to a new post-pandemic market envi...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

The London Metal Exchange recently reiterated its willingness to facilitate spot trading of low carbon aluminium. While not a new concept for the exchange, it would serve two important purposes. First, it would provide more transparent, digitalized data on the specification of its aluminium brands and determine whether people are actually paying more for low carbon metal. Second, it would pro...Read More

Just over a year ago, US Section 232 tariffs against imports of aluminium from Canada were removed. Now there are calls to reintroduce them.The American Primary Aluminum Association (APAA), which represents US producers Century Aluminum and Magnitude 7, says that Canadian imports have "surged" since the tariffs were removed and are threatening the viability of the US primary aluminium industry.&nb...Read More

An expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.While Brazilian miner Vale, a key producer of high-grade iron ore fines and pellets, is maintaining its production guidance despite a suspension of operations at its Itabira mining complex, many market participants in Asia are expecting a shortage of Brazil-origin...Read More

The most important measure for an economy, its recoveryor advancement is employment - that is, the availability of good-paying jobs.  When citizens have jobs, they earn an income withwhich they can pay for their needs, and pay taxes to the government for itsneeds.  So jobs and income, are the keydeterminants of a healthy, modern consumer-driven economy.  Over the last several decade...Read More