Mcx Lead Trading Tips – Buy Lead Jul at CMP 149.70 for Target 150.80 – 151.40 with SL below price 148.10. RISK taker Add more at price 149 Read More
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reports that it has received a Type A water license for the Whale Tail pit at the Amaruq project, which allows for construction to begin. Agnico Eagle says preliminary construction work and stripping will begin in the third quarter of 2018. "With the approval of the Whale Tail Type A license, the project remains on schedule to commence productio...Read More
(Kitco News) - Wheaton Precious Metals Corp. (TSX, NYSE: WPM) has entered into an agreement with Sibanye Gold Ltd. (JSE: SGL; NYSE: SBGL) to purchase a stream of gold and palladium from the Stillwater and East Boulder mines in Montana for $500 million, Wheaton announced on Monday.Wheaton is a streaming company that receives a portion of a mine’s metal in return for up-front cash that can be...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
As we have discussed in the past, markets never announce themselves. With gold rallying this morning, the question is: Is this a dead-cat bounce or the start of a rally? There is no way to know; however, establishing the support level is the key at this point. For the last few days, we have been watching the $1,235 -1240 level and have stated that we would stay long until those levels were violate...Read More
(Kitco News) - Gold has found some minor interest overnight as the dollar softened moderately. The fundamental picture suggests that gold continues to have a downward bias and our target of $1,220 suggested two weeks ago, after gold's break below $1,252, remains viable. There is buying interest in the $1,238 area, but the level has been tested twice and a third attempt may prove successful. Gold's...Read More
The downtrend in the global billet market continued in the week ended Friday July 13 amid weakness in finished long steel prices, decreasing import scrap prices in Turkey, and generally unfavorable conditions in the global steel market.CIS, North Africa, TurkeyCIS billet exporters continued to face a lack of demand in some major outlets - notably, Northern Africa and Turkey.Customers in Egypt and...Read More
The downtrend in the global billet market continued in the week ended Friday July 13 amid weakness in finished long steel prices, decreasing import scrap prices in Turkey, and generally unfavorable conditions in the global steel market.CIS, North Africa, TurkeyCIS billet exporters continued to face a lack of demand in some major outlets - notably, Northern Africa and Turkey.Customers in Egypt and...Read More
Pressured by ongoing trade tensions, base metals on the London Metal Exchange ended mostly lower at the close of trading on Monday July 16, with aluminium the only metal to trade in positive territory. ...Read More
Base metal market volatility is here for the long haul, according to a fund that has banked profits from the violent sanction-led price swings that have characterized market movements in the first half of 2018. The Raptor Commodities fund, launched by Arion Investment Management in October 2017, has locked in returns of 6.98% since its inception, the company told Metal Bulletin in a recent intervi...Read More
Chinese exports of unwrought aluminium and aluminium products in June increased by 33.5% year on year and 5.2% in a month, according to preliminary Chinese customs data released on Friday July 13. ...Read More
Higher producer sales prices for 37% manganese ore have moved the low-grade market ahead of high grade in Metal Bulletin's pricing session in the week ended Friday July 13. ...Read More
Ferro-chrome prices continued to fall in China on Friday July 13 after smelters restarts boosted the domestic supply outlook. ...Read More
Higher producer sales prices for 37% manganese ore have moved the low-grade market ahead of high grade in Metal Bulletin's pricing session in the week ended Friday July 13. ...Read More
The Chinese antimony market rebounded in the week ended Friday July 13 amid easing half-year performance pressure and support from antimony concentrates prices, while prices dipped further in Europe. ...Read More
Chinese silicon export prices were steady last week after quotations in the domestic market stabilized, while European silicon prices were flat amid a lack of trading activity....Read More
Turkish steel producers are continuing to hold back from the deep-sea scrap markets, as they have done since late last week, because of the sluggish demand for rebar, sources said on Monday July 16....Read More
Turkish domestic scrap prices have shown signs of weakening after the downturn in imported scrap costs, sources said on Monday July 16....Read More
The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States was frozen because buyers - mostly in Turkey, which is the largest outlet market - preferred to postpone their bookings....Read More
China's hot-rolled coil prices were mixed on Monday July 16 amid thin trading, with buyers taking a wait-and-see approach before most mills release their offers on Tuesday....Read More