First Cobalt Corp is in discussions with various feedstock suppliers and potential offtake parties who could finance an eventual restart of its cobalt refining facility in Ontario, Canada. The base case scenario would see the refinery resume operations at 24 tonnes per day, the company said, with production of cobalt sulfate for the lithium-ion battery market or cobalt metal for the US aerospace i...Read More
At the inaugural LME Focus Day, part of this year's LME Week in London, Fastmarkets' head of base metals and battery research, Will Adams, discussed the supply and demand outlook for the cobalt market over the next five to seven years. While there is unlikely to be any shortage of cobalt over the next two to three years, the market is expected to gradually shift toward being in a deficit again in...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
Week in review With 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 soon as it...Read More
Aluminium The three-month LME aluminium price...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 lat...Read More
Week in review Copper enjoyed a...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 a...Read More
LME Week wakes lead market...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
Short-term soft patch in long-term bull story...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 i...Read More
Week in review While the...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
Largely overlooked at LME Week There...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
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 18 points in pre-opening trade.Johnson & Johnson added $0.04 to $133.99 after reporting higher than consensus third quarter earnings. The company also raised guidance.Goldman Sachs added $2.66 to $217.88 after reporting higher than consensus third quarter earnings. Adobe (ADBE $238.01) is expected to open higher af...Read More
Gold prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday's small daily decline, gold futures had...Read More
WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.The deficit for the fiscal year - or the 12 months through September - was the largest since 2012.The data also showed a $119 billion budget surplus i...Read More
(Kitco News) - Gold prices are holding moderate gains in early-afternoon U.S. trading Monday. Early on, prices hit a 10-week high. Some more safe-haven demand, technical buying and short covering are boosting the yellow metal again today. The bulls have technical strength and momentum to suggest more gains are coming in the near term. December gold futures were last up $8.00 an ounce at $1,230.40....Read More
(Kitco News) - Sentiment appears to be shifting in the gold market and analysts are dismissing a new record in speculative bearish positioning shown in the latest data from the Commodity Futures Trading Commission (CFTC). The CFTC's disaggregated Commitments of Traders report (COT), for the week ending Oct. 9, showed money managers dropped their speculative gross long positions in Comex gold futur...Read More
Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold output totaled 57,163 ounces, which was up 54% from the same period a year ago, the company reports. Gran Colombia also says it still expects to produce between 210,000 and 220,000 ounces in 2018. For the first nine months of the year, production was 162,741 ounces, up 33% over the first nine months of 2017. This brings the trailing 12-months...Read More
(Kitco News) - First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter production hit a company record of 6.7 million silver-equivalent ounces, which was up 69% from 4 million in the same quarter of 2017, the company said Monday. The company also announced an effort to cut costs by 20%, although specifics were not released. Officials said this was a response to weak silver prices. T...Read More
On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this morning. The next key level to watch is $1,240. A breakout above brings $1,275 into play. The most important thing to remember now is not to chase the market higher. If you missed this rally, there will be other opportunities. Don't let the fear of mis...Read More