The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
The latest metal markets news and price moves to start the North American day on Wednesday September 12.London Metal Exchange base metals prices were mostly higher during morning trading, with the complex recouping losses made at Tuesday's close.Three-month zinc and lead prices climbed more than 2% this morning, supported by a slight downtick in the dollar index. Having fallen to its lowest p...Read More
Seaborne coking coal prices surged on Wednesday September 12, after transactions involving premium low-vol cargoes were concluded for the first time this month.The trades involving top-tier materials were heard to have been concluded at $202 per tonne fob Australia and around $216 per tonne cfr China basis, sources told Metal Bulletin during the day.A few market participants expressed surprise at...Read More
Ferrous futures in China largely declined during morning trading on Wednesday September 12, with the exception of the iron ore contract, following speculation a day earlier - and subsequent denials - of the easing of production restrictions on steelmakers during winter.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,039 yuan ($588) per tonne, down 60 yuan per to...Read More
Comex copper prices registered a modest rebound in morning trading on Wednesday September 12 with the market trying to set a new range amid fears around global trade. Copper prices for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.80 cents or 0.3% to $2.6295 per lb. Earlier this month, a bilateral trade deal between the United States and Mexico was confi...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Three-month base metals prices on the London Metal Exchange were in a steadier tone so far on Wednesday September 12, after they closed broadly lower on Tuesday amid dollar strength and rising trade war concerns.Lead (+0.7%) and sister metal zinc (+0.5%) were leading the gains, with aluminium and copper up by more modest amounts of 0.3% and 0.1% respectively, while nickel (-0.1%) and tin (-0.5%) w...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday September 12:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5% Sn max: $1.10-1.20...Read More
Chinese copper premiums surged to their highest level since November 2016 in the week ended Tuesday September 11, driven by a profitable import arbitrage and tightened availability of material. These gains inspired positivity in the Taiwanese market, where rates also ticked upward. Elsewhere, European copper premiums were unchanged while the market contends with limited spot activity due to increa...Read More
Although gold futures closed higher for the first time in the last three sessions, any gains realized today were fractional at best. As of 4:00 PM Eastern standard time, December Comex gold futures are currently fixed at $1,201.30, which is a net gain of $1.50 on the day. It was the low achieved in trading today, and the ability for traders to bid the precious yellow metal off of $1,292.70, the lo...Read More
(Kitco News) - The silver market just can’t seem to catch a break as its performance compared to gold has fallen to its lowest level in 25 years.On Tuesday, silver prices fell to their lowest level in 2.5 years; meanwhile the gold market has managed to hold around the critical psychological barrier around $1.200 an ounce. December silver futures settled Tuesday’s session at $14.153 an...Read More
WASHINGTON (Reuters) - U.S. job openings surged to a record high in July and more Americans voluntarily quit their jobs, pointing to sustained labor market strength and confidence that could soon spur faster wage growth. FILE PHOTO: People attend the Executive Branch Job Fair hosted by the Conservative Partnership Institute at the Dirksen Senate Office Building in Washington, U.S., June 15,...Read More
(Kitco News) - Gold prices are modestly higher and near the daily highs in late-afternoon U.S. trading Tuesday. Meantime, silver prices are slightly down after hitting a 2.5-year low in morning action. There have been no major business news developments early this week, which is allowing prices to continue to drift sideways to lower. December gold futures were last up $2.00 an ounce at $1,201.80....Read More
Iamgold Corp. (TSX: IMG; NYSE: IAG) announces that the first assay results from its ongoing 2018 drilling program at the Nelligan joint venture project, in which Iamgold owns 51% and Vanstar Mining Resources Inc. 49%, showed more mineralization. The project is located 60 kilometers southwest of Chibougamau, Quebec, Canada. Iamgold reports results from 12 diamond holes totaling 4,471 meters, with r...Read More
Gold and other precious metals have continued to feel the weight of a strong dollar, with the U.S. economy continuing to outperform the world, says TD Securities. The most recent Commodity Futures Trading Commission data showed that money managers were again cutting long positions in gold and silver futures due to the muscular greenback and rising interest rates, TDS says. “With U.S. wages r...Read More
Mene Founder Roy Sebag with Creative Director Diana Widmaier-Picasso(Kitco News) - As Uber was to the transport industry and Airbnb was to hospitality, Roy Sebag the brainchild behind GoldMoney is taking aim at the jewelry sector and looking to disrupt Western views on gold. But being a disruptor in the jewelry and gold industry sometimes involves taking a step back to a time of once upon yonder -...Read More
The metals are setting up for a big move that could go either way, although we believe they will break out to the upside. The trading range is getting tighter and tighter, which only indicates a huge move is on the horizon. When markets start to compress and their trading ranges continue to narrow, all signs point to a big move. This is exactly the pattern that we have seen in the metals as the da...Read More
* Gold finds strong resistance at $1,200 -ANZ * Silver hits 2-1/2 year low * Palladium off multi-week highs hit on Monday (Updates prices, headline; adds comment, second byline, NEWYORK to dateline) By Renita D. Young and Maytaal Angel NEW YORK/LONDON, Sept 11 (Reuters) - Gold turned positive onTuesday as investors bought when it approached $1,200 per ounce.But bullion remained under pressure afte...Read More
The latest news and price moves to start the Asian day on Tuesday September 11.Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows, while US sanctions against Russian producer Rusal keep investors cautious. Read more here in our live futures report.Here are how prices looked at the clos...Read More
The latest news and price moves to start the Asian day on Tuesday September 11.Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows, while US sanctions against Russian producer Rusal keep investors cautious. Read more here in our live futures report.Here are how prices looked at the clos...Read More