Chinese silicon export prices jumped up by 1.3% on Friday February 9 due to currency uncertainty and tightening spot availability, while US silicon prices rose again on higher logistics costs and supply concerns ahead of the final determinations on the anti-dumping and countervailing duty probes. Chinese silicon metal export price breached $2,000 per tonne in the latest pricing assessment amid a b...Read More
Tightening supply continued to push European antimony prices higher last week while the Chinese market had begun to close down ahead of the upcoming Lunar New Year holidays.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,400-8,600 per tonne on Friday February 9, up from the midweek assessment of $8,300-8,500 per tonne.Trioxide grade antimony prices in-wa...Read More
Key data from the Friday February 9 pricing session in London:Key data from the Friday February 9 pricing session in Europe:Cadmium min 99.95% MB free market Cts per lb cif global main port Key drivers: - Seasonal...Read More
Base metals prices on the London Metal Exchange seem to have found buying interest this morning, Monday February 12, with all of the base metals, except lead (-0.3%), showing gains averaging 1%. The three-month copper price leads the way with a 1.8% rally to $6,870 per tonne - this after a low last Friday of $6,733 per tonne.Volume has been high with 12,015 lots traded as of 07:09 am London time -...Read More
Europe's anti-dumping duty on imports of stainless steel wire originating from India will expire on November 9, 2018, unless a review is initiated, the European Commission said on February 9.The European Commission (EC) set definitive anti-dumping duties of 0.7-12.5% for the products from India on November 8, 2013. The EC lowered the rate for material produced by India's Venus Group to 6.9%,...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
The early-February sell-off in London Metal Exchange base metals seems to have run its course for now, but it may have not been as extreme as it could have been, ironically because of the growing influence of computerized trading systems.At the end of December last year, copper traded as high as $7,291.50 per tonne, and was pretty much maintained at solid levels comfortably above $7,000 for the fi...Read More
-- The Philippine government is moving closer to lifting the ban on new mining projects as the interagency Mining Industry Coordinating Council works out a new tax regime for the mineral industry, in conjunction with the Finance department's efforts to generate fresh revenue streams, BusinessWorld newspaper reported.-- Source link: -- Note: Reuters has not verified this story and does not vouch f...Read More
(Adds opposition lawmaker)GUASIPATI, Venezuela, Feb 11 (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said. Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. "An investigation is under way,"...Read More
GUASIPATI, Venezuela (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said.Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. “An investigation is under way,” he told reporters.Local newspape...Read More
It's A Mad, Mad, Mad WorldI have been an active trader and was licensed as a commodity broker in 1984, which means that I was present for the equities meltdown and crash of 1987. I was also in the industry in 2008 when the US stock market crashed following the banking crisis which resulted in a multiyear recession. Having said that, this week's meltdown in equities contained extremely wild price s...Read More
(Kitco News) - Valentine’s Day is quickly approaching and if you are struggling for the perfect gift, you can’t go wrong with jewelry as that appears to be the hot item this year.According to the National Retail Federation, U.S. consumers are expected to spending a near-record $19.6 billion on Valentine’s Day gifts, up from $18.6 billion spent last year. On average consumers are...Read More
(Kitco News) - Gold prices have erased early losses and are trading near steady as of this writing early Friday afternoon. Another big sell-off in the U.S. stock market is prompting safe-haven demand for gold. Look for the gold and silver markets to at least hold their own early next week, due to the keen uncertainty and anxiety that will be present on Monday morning. Bearish outside markets Frida...Read More
(Kitco News) - The gold market is ending its second consecutive week in negative territory and many investors are asking: What happened?Gold’s losses come as equity markets fell sharply into corrective territory, with the past week seeing the Dow Jones Industrial Average shedding more than 1,000 points in two sessions. In total, the Dow, last trading at 23,784 points is down more than 6% sin...Read More
(Kitco News) - Wall Street and Main Street continue to have opposing viewpoints on the short-term price direction of gold, although the difference has narrowed, based on the weekly Kitco News gold survey. Wall Street Bullish Bearish Neutral VS Main Street Bullish Bearish Neutral For the second Friday in a row, the largest Wall Street bloc of voters called for gold...Read More