A lack of demand for imported cobalt material weighed on the Chinese domestic cobalt metal price last week, while the price for cobalt salts widened downward on lower offer prices in a weak market. Fastmarkets assessed the Chinese domestic cobalt metal price at 445,000-465,000 yuan per tonne ($25.07-26.20 per lb) on Friday October 26, down 2.2% from 450,000-480,000 yuan per tonne during the m...Read More
Bullish...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Su...Read More
LME aluminium prices back at levels...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Aluminium LME aluminium prices remain under pressure after...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus dow...Read More
Week in review The LME 3M...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&#...Read More
Mine and refined output still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Prices succumb to selling pressure and break down......ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More
Most resilient LME base metal... LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
Refined market deficit widens to 292,000...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Coca Cola (KO $46.46) is expected to open higher after reporting higher than consensus third quarter sales and earnings. Under Armour advanced $1.81 to $20.00 after reporting higher than consensus third quarter sales and earnings. The company also raised guidance for the fourth quarter....Read More
(Kitco News) - Despite this October yielding one of the worst stock market performances since 1987, Janet Yellen, former Chair of the Federal Reserve, remained optimistic in her economic outlook. "At least in regards to the United States, I really think conditions are excellently excellent," she said during a live interview held at the 2018 Canada FinTech Forum in Montreal on Monday, "we haven't h...Read More
It was another wild roller coaster ride today with U.S. equities going through tremendous price swings and closing dramatically lower on the day. Officially, today’s closing price in the Dow puts that index into corrective territory. The Dow Jones Industrial Average traded to a high with gains of 352 points. It also traded to a low, which resulted in a 566-point drop only to recover slightly...Read More
NEW YORK (Reuters) - Global stocks pared their gains Monday as investors remained cautious despite IBM’s $34 billion deal to purchase Red Hat Inc and Standard & Poor’s decision to keep Italy’s credit rating unchanged.The Dow Jones Industrial Average .DJI rose 133.78 points, or 0.54 percent, to 24,822.09, the S&P 500 .SPX gained 19.91 points, or 0.75 percent, to 2,678....Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Monday. Some profit taking from the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also worked against the precious metals market bulls today. There is also less risk aversion in the marketplace early this week as world stock markets...Read More
(Kitco News) - The consultancy Metals Focus says gold’s recent “relief rally” has more room to run and could carry the metal over $1,300 an ounce in the months ahead, yet analysts also do not project a sustained rally over the next year due to a number of potential headwinds.Spot gold hit a three-month high just below $1,242 an ounce Friday, continuing a rally from a series of da...Read More
(Kitco News) - Large speculators have continued to exit from their one-time large net-bearish post in gold futures, trimming this by roughly two-thirds over the course of the last two reporting weeks for data compiled by the Commodity Futures Trading Commission.“The gold price continued to recover accordingly in the period under review,” said analysts with Commerzbank. The move has occ...Read More
Goldcorp Inc. (TSX: G, NYSE: GG) announces plans to buy back shares for cancellation. The company says it has received approval from the Toronto Stock Exchange for its “notice of intention to make a normal course issuer bid." This would allow Goldcorp to purchase for cancellation up to 43.5 million common shares, representing 5% of its 869.5 million outstanding shares as of Oct. 26 over...Read More
(Kitco News) - Gold prices remained slightly softer, moving little after the government reported U.S. personal spending rose 0.4% in September, while the core personal consumption price index rose 0.2%. Spot gold was last down $2.60 to $1,230.20 an ounce. The government also reported that income also rose by 0.2% in September. Ahead of time, most consensus forecasts compiled by news organizations...Read More