Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday September 28Ferro-vanadium - 5 tonnes sold at $1...Read More
The iron ore market stayed flat on Thursday October 4 with the Chinese market still shut for a week-long holiday to mark its national day.Metal Bulletin 62% Fe Iron Ore Index: $69.24 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.27 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Iron Ore Index-Low Alumina: $74.50 per tonne cfr Qingdao, unchanged.Metal...Read More
The seaborne coking coal market remained at a standstill on Thursday October 4 with participants waiting for China's return from a weeklong holiday to determine the direction of prices. Despite higher offers for both unbranded and branded premium hard coking coal on a trading platform during the day, counterbids remained largely unchanged, sources told Metal Bulletin.Meanwhile, the Australian gove...Read More
Vital Materials has acquired a high performance sputtering targets production facility from Heraeus, it told Fastmarkets on Thursday October 4. The facility located in Tuas, Singapore, will be integrated into Vitals' thin film material business unit. Heraeus is a German technology group with a focus on precious and special metals, medical technology, quartz glass, sensors and specialty light sourc...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets MB's price...Read More
Next report is released on Tuesday October 9th. Canada celebrates "Thanksgiving" on Monday. Pre-opening Comments for Friday October 5thU.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade.Index futures moved slightly lower following release of economic news at 8:30 AM EDT. Consensus for September Non-farm Payrolls was a slip to 185,000 from...Read More
The question on many gold traders and investors minds is whether gold will be able to maintain its current price point above $1,200 per ounce. From the last week of August to the last week of September, gold prices were able to sustain a value at or slightly above $1,200. On September 27, gold broke below that key psychological support level before recovering on October 2 when gold futures opened...Read More
(Kitco News) - Gold prices are slightly lower in early-afternoon U.S. trading Thursday and have visited both sides of unchanged in a choppy session. Global stock markets were lower today, suggesting a bit of risk aversion present in the marketplace. That’s bullish for the safe-haven metals. However, the recent strength of the U.S. dollar index continues to limit the upside in the metals. Dec...Read More
(Kitco News) - Holdings in global gold-backed exchange-traded funds (ETFs) and similar products fell by 23.7 tonnes in September, equivalent to $932 million in outflows, the World Gold Council (WGC) said Thursday.This was the fourth straight monthly decline, leaving total holdings at 2,329 tonnes. When combined with a 1.1% drop in the gold prices during September, gold ETF assets under management...Read More
Geopolitical risks, such as those surrounding Italy, could trigger a short-covering rally in gold, says Standard Chartered. Prices rose sharply Tuesday, helped by Italy’s fiscal and political issues, before falling back around $1,200 again on Wednesday. Still, Tuesday’s rally shows that gold “remains on investors’ radar” during times of uncertain geopolitical developm...Read More
(Kitco News) - Gold ticked up even though the U.S. Labor Department reported that the initial weekly jobless claims neared 49-year lows by dropping to 207,000 in the week to Saturday, beating expectations. Market consensus called for initial claims to decline to 211,000 from the upwardly revised 215,000. In an initial reaction to the weekly jobless claims data, December Comex gold futures edged up...Read More
Alacer Gold Corp. (TSX: ASR; ASX: AQG) reports third-quarter gold production of 26,160 ounces from the ????pler Gold Mine in Turkey. “The company expects to meet the lower end of the full-year consolidated production guidance of 160,000 to 230,000 ounces,” Alacer says. Alacer is 80% owner of the ????pler Gold Mine.By Allen Sykora of Kitco News; asykora@kitco.com Coeur Mining Compl...Read More
Not much has changed with the price action in gold. It is in consolidation. There are pundits and experts out there searching for reasons why gold goes up or down -- strong numbers, weak numbers don't matter. Gold is consolidating; it's that simple. We can look for reasons that gold should rally or sell off, but the chart tells all. There will be a lot of buzz around tomorrow's jobs number, which...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Long queues, expensive financing rates and strong demand continued to push premiums for cut nickel cathodes higher in Europe, while US nickel premiums continued to flat-line in the absence of spot-market demand. European 4x4 premiums continue rise on demand strength US premiums flat-line as spot demand takes second place to long-term negotiations.Cut nickel cathode premiumsThe premium for 4x4 nick...Read More
The prices of base metals on the London Metal Exchange were mixed at the close of trading on Wednesday October 3, with aluminium's three-month price up more than 4% amid a full closure of Norsk Hydro's alumina operations in Brazil, while lead struggled against trade woes. Reaching an intraday high of $2,220.50 per tonne over the afternoon, the three-month aluminium price continues to trade at its...Read More
Tin premiums across Europe and the United States were flat in the week to Tuesday October 2, with supply flows from Indonesia and other producing countries remaining steady amid a slowdown in business while the market awaits the start of LME Week 2018. Rotterdam 99.9% premium holds multi-year low amid oversupply US premiums flat on sparse trades European premiums hold firm with participants...Read More
Largo Resources Ltd continued to reach new production heights at its Maracas Menchen Mine during the third quarter, with the company achieving record vanadium pentoxide production and record vanadium recovery rates.The Toronto-based vanadium producer saw total production reach 2,563 tonnes of vanadium pentoxide (V2O5) at the Brazilian mine during the third quarter, setting a new quarterly producti...Read More
Supply disruption, strong demand, multi-year prices highs and subsequent supply responses have meant for another year of price swings and volatility across many of the minors metals, ores and ferro-alloys markets. And now, with LME Week and contract negotiating season coming around again, players must contend with Trump administration tariffs on imports of a number of China produced goods, includi...Read More
Largo Resources Ltd continued to reach new production heights at its Maracas Menchen Mine during the third quarter, with the company achieving record vanadium pentoxide production and record vanadium recovery rates.The Toronto-based vanadium producer saw total production reach 2,563 tonnes of vanadium pentoxide (V2O5) at the Brazilian mine during the third quarter, setting a new quarterly producti...Read More