Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday September 17.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday, with the complex pressured by weak Chinese macroeconomic data and trade war concerns.Check Metal Bulletin's live futures report here.South Korea's Public Procuremen...Read More
Gold pricing took a moderate hit today with the most active December Comex contract losing $9.40 to be currently fixed at $1,198.80 per ounce. After trading to its highest level this month when gold traded to $1,218 yesterday, a surge in dollar strength today put dramatic pressure on gold pricing. Once again, gold futures closed lower on the week, posting a fractional decline of about one dollar....Read More
WASHINGTON (Reuters) - The Federal Reserve faces a “quite challenging” period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday.“The question for the Fed is how to manage monetary policy to try to keep the expansion going for a long time. And it is going to be quite chal...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more in Chinese products, despite Treasury Secretary Steven Mnuchin's attempts to restart talks with China about resolving the trade war, Bloomberg reported on Friday.Reuters could not immediately verify the report, which had an immediate effect on financial markets. It led U.S. st...Read More
(Kitco News) - Wall Street and Main Street both look for gold to build on its gains next week, based on the weekly Kitco News gold survey.Comex December gold hit a two-week high of $1,218 an ounce on Thursday. Commerzbank cited several factors - a slightly softer-than forecast U.S. inflation report, a European Central Bank deemed somewhat “cautious” in unwinding loose monetary policy,...Read More
(Kitco News) - Gold prices are trading slightly down and are near their daily lows in mid-morning action Friday. The yellow metal lost its modest early price gains when the U.S. dollar index moved higher and hit its session high. Little risk aversion in the marketplace at present has also been working against the precious metals markets bulls. December gold was last down $1.50 an ounce at $1,206.7...Read More
Although 2018 has been a rough year for junior resource equity speculators, there has been some positive M&A activity in the complex over the past few months. Most notably, we have seen a number of larger acquisitions including South32's US$1.3B deal for Arizona Mining, Orion's C$537M bid for Dalradian Resources, and just last week, Zinjin Mining's friendly offer to acquire Nevsun Resources fo...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
Like Groundhog Day, gold continues to do the same thing over and over again -- bounce off support and fail at resistance. This pattern known as consolidation has tormented traders forever. New money comes in as buyers rally and just when you think it's safe, new money comes in from sellers. This type of action is healthy for the market, not so much for the trader and nervous investor. There is one...Read More
* Gold erases earlier gains, heads for first weekly gain inthree * U.S.-China trade developments strengthen dollar (Recasts; updates prices; adds comment, second byline, NEW YORKto dateline) By Renita D. Young and Eric Onstad NEW YORK/LONDON, Sept 14 (Reuters) - Gold turned negative onFriday, as the U.S. dollar rose against the Chinese yuan afterU.S. President Donald Trump reportedly told aides to...Read More
The latest news and price moves to start the Asian day on Friday September 14.Base metal prices on the London Metal Exchange held steady at the close of trading on Thursday September 13, with the complex maintaining its midweek price gains amid a continued downturn in the United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:A global di...Read More
The latest news and price moves to start the Asian day on Friday September 14.Base metal prices on the London Metal Exchange held steady at the close of trading on Thursday September 13, with the complex maintaining its midweek price gains amid a continued downturn in the United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:A global di...Read More
Uncertainty about the fate of US sanctions against UC Rusal Plc have kept aluminium foundry alloy premiums up in the United States and Europe, with sellers able to wield control of 2019 supply contract negotiations thanks to buyers' dwindling inventories.US premium supported by supply woes The US foundry alloy premium remains at 14-15 cents per lb, with market participants confirming that supplier...Read More
London Metal Exchange base metals prices were mixed at the close of trading on Friday September 14, with a slight uptick in the dollar index weighing on one side, while stock drawdowns keep nickel, lead and tin prices firm. Falling back below $6,000 per tonne, three-month copper prices failed to hold gains made earlier in the week, falling from an intraday high of $6,037 per tonne to a daily low o...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing session in the week ending Friday September 14.China Prices for UG2 chrome ore cif China ticked up, with all data points within the range of $155-160, although trading activity was low because most market participants were at...Read More
Key data from the pricing session in the week ending Friday September 14.China Prices for UG2 chrome ore cif China ticked up, with all data points within the range of $155-160, although trading activity was low because most market participants were at...Read More
A scarcity of 37% manganese ore being offered for October delivery, combined with an increase in lower grade offers, has the potential to drive the market higher, market sources told Metal Bulletin. Metal Bulletin's 37% manganese ore index, cif Tianjin rose six cents to $6.52 per dry metric tonne unit (dmtu) on Friday September 7 after market sources started to report tighter 37% availability...Read More
Spot cobalt prices made marginal gains on Friday September 14 after buyers encountered limited availability of material while restocking after the summer. Spot cobalt prices made marginal gains on Friday September 14 after buyers encountered limited availability of material while restocking after the summer. Low-grade cobalt prices were assessed at $33.35-34.10 per lb, in-warehouse, on September 1...Read More