Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stoc...Read More
Currency markets were shaken by more Brexit drama on Monday, after a highly anticipated vote on Prime Minister Theresa May's deal on the U.K.'s exit from the European Union was postponed. The British pound GBPUSD, +0.1201% slid Monday morning and touched a 20-month low after May scrapped the Brexit vote scheduled for Tuesday. The prime minister also said that a deal that didn't include the contro...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 11.Please click...Read More
Base metal prices rose on the London Metal Exchange by the close on Tuesday December 11, with copper acting as the best performer among the complex.Specifically, the three-month copper price surged by 1.3% to close at $2,590 per tonne. "LME copper continues to run rather positive micro-dynamics. Total LME stocks continue to see drawdowns, with net holdings edging to a fresh 2018 low of...Read More
Bob Moriarty ArchivesDec 11, 2018We need to face it; ordinary investors hate resource stocks. It’s one of those unspoken but obviously true facts that we wish to avoid thinking about or discussing. Because once you acknowledge that regular investors have virtually no exposure to resources, you also need to start questioning just why that seems to be true.One cause is fairly simple to underst...Read More
Brazil's Companhia Brasileira de Alum?-nio (CBA) will invest 30 million Reais ($7.7 million) to increase its aluminium billet production capacity, the company's primary operations director Luis Jorge Nunes told Fastmarkets MB on Monday December 10.The expansion will change some of the currently halted aluminium-plate furnaces into aluminium billet production units. The company's production capacit...Read More
I chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging and deferring the sy...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month's tender. The mill has offered to buy silico-manganese at 8,950 yuan ($1,296.81) per tonne for December delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 150 yuan l...Read More
Chinese exporters of ferro-vanadium and vanadium pentoxide (V2O5) have significantly cut offer prices to stir up some buying interest overseas, while European traders continued to take profits, applying further pressure on ferro-vanadium prices. Chinese exporters slash offers to promote buying interest Europe FeV market continues to suffer from profit-taking Europe V2O5 market plummets following F...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that Chi...Read More
Cadence CEO Kiran Morzaria reportedly implied to those on the call Bacanora would raise cash at 25p (US31.5c), which would have been a discount to the share price at Friday's market close....Read More
Under the agreement, South32 will provide US$1 million funding for generative work and acquisitions per year over two years.Generative work will focus on copper and other base metal projects within the Laramide and Tertiary magmatic arcs of Arizona, New Mexico and Utah.Any projects progressed to drilling can be selected as designated projects and will advance under separate options agreements.Sout...Read More
Aurubis Executive Board chairman J? 1/4 rgen Schachler will leave the company on June 30 next year, the company said in a release today.The company has begun looking for a successor but has yet to find one.Aurubis is Europe's largest copper smelting company, producing over 1.1 million tonnes per year of refined copper at...Read More
The company said Monday it continued to work with the local and national governments to resolve the situation and remained cautiously confident the Ministerio Público and local police would enforce the rule of law. Until such time, operations might remain suspended, Aura said."We are obviously extremely disappointed and frustrated that we have experienced another invasion from a small numbe...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated2 Hours AgoCNBC.com show chapters Citi's top strategist says this is why he's betting on the bulls into the end of the year and beyond 2 Hours Ago |04:31 The Dow Jones Industrial Average closed lower on Tuesday after alternating between gains and losses throughout the session in the latest bout of market volatility.Th...Read More
Thin spot activity in the European antimony market pressured prices lower still in the region while an improvement in Chinese sentiment enabled prices there to stabilize. Chinese market steadyFastmarkets MB assessed the price of MMTA standard grade-II antimony, delivered duty-paid, in China at 49,500-50,000 yuan per tonne on Wednesday December 5, unchanged from the previous week. Sellers proved re...Read More
CloseGain/LossGold $1243.00-$1.30Silver$14.55+$0.03XAU67.09-0.46%HUI152.82-0.78%GDM558.66-0.31%JSE Gold1249.83+2.68USD97.42+0.21Euro113.22-0.35Yen88.22-0.12Oil$51.65+$0.6510-Year2.879%+0.025T-Bond143.90625-0.15625Dow24370.24-0.22%Nasdaq7031.83+0.16%S&P2636.78-0.04% The Metals: Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but i...Read More
Key data from the pricing sessions in London and Shanghai on Friday December 7.China The Chinese grade-553 silicon price range narrowed upward by $10 per tonne to $1,580-1,650 per tonne last week from the previous week.Japanese traders continued to buy cargoes for delivery in the first quarter of 2019, prompting the slight rebound in the price.Europe Grade-441 and grade-553 silicon prices in Europ...Read More
Turkish steel mills remained out of deep-sea scrap markets on Tuesday December 11 because of continued uncertainty in the Chinese steel market, sources told Fastmarkets MB.Market pessimism weighed on China's rebar prices in both the domestic and the export market again on Tuesday December 11.Buyers kept procurement rates low amid bad weather in China, with work suspended at many construction sites...Read More