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
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday December 28.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with weakness in the dollar buoying most of the complex.Check Fastmarkets MB's live futures report here. The Chinese antimony market showed signs of softening in...Read More
The latest news and price moves to start the Asian day on Friday December 28.Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Thursday, capped by a sharp downturn in global stock indices while quiet trading continues to keep volumes low. Read more here in our live futures report.Here is how prices looked at the most-recent close of trading on Thur...Read More
She hasn't analyzed silver for a while as the charts have been lifeless. But silver is now making progress, so let's dive into the charts with TraderStef...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website)I have not offered a technical analysis on silver for quite a while because the chart did not show any sign of life. When the gold bull lift-off to...Read More
SD Friday Wrap: We're quietly climbing as silver catches a whiff that 'mass arrests', 'military tribunals', and 'locking her up' just aren't going to happen...Q-Anon has gone silent since December 22nd:Those are Q's last two posts, and the posts are curiously from the same day the very limited federal government shutdown began.One day of will-still-be-paid-in-arrears work was all Q could take?Does...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday December 28, with most of the complex trading in narrow ranges while both lead and tin futures climbed more than 1% over the afternoon.Lead's three-month price was the best performer over the afternoon, climbing 1.5% and trading at its highest level since October 17. By contrast, zinc's three-month pr...Read More
Glencore-owned Access World has delisted eight of its LME-registered warehouses this week, according to a notice to members on Friday December 28, continuing its move beyond LME storage amid its company-wide diversification strategy. Access World delisted four of its warehouses in Chicago yesterday, leaving just one remaining in the region, and has since delisted two sheds in Singapore and two mor...Read More
Chinese iron ore buyers continued to take caution on Friday December 28, the last trading day for most market participants in 2018.MB 62% Fe Iron Ore Index: $72.73 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.56 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.12 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
Coups, rebel conquests, assassin's bullets - they've all ended presidencies in the Democratic Republic of Congo. This weekend, the vast central African nation is banking on a new method: the ballot box.With three main candidates vying to replace Congo's long-serving leader, Joseph Kabila, Sunday's elections could lead to the mineral-rich country's first transfer of power through voting since indep...Read More
SANTIAGO - Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world's top lithium producer, in anticipation that the US-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.Under the contract, US - based Albemarle had agreed to provide as much as 25 percent of its annual production at a...Read More
Commonwealth of Independent States (CIS) export slab prices slipped by another $15 per tonne over the week ended Friday December 28 due to the weak fundamentals in the CIS finished flat-steel market and the end-user market.Fastmarkets' weekly price assessment for CIS-origin slab was $400-405 per fob Black Sea on December 28, down from $415-420 per tonne fob a week earlier.A customer in Turkey was...Read More
The Turkish deep-sea scrap import markets continued to be quiet at the end of the week amid the holiday period, sources said on Friday December 28.Offers for HMS 1&2 (80:20) were reported around $290 per tonne cfr from European suppliers, while offers from other sources were at around $295-300 per...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Glencore-owned Access World has delisted eight of its LME-registered warehouses this week, according to a notice to members on Friday December 28, continuing its move beyond LME storage amid its company-wide diversification strategy. Access World delisted four of its warehouses in Chicago yesterday, leaving just one remaining in the region, and has since delisted two sheds in Singapore and two mor...Read More
The Chinese Smelters Purchase Team (CSPT) is to raise its treatment and refining charges (TC/RCs) purchase price for the first quarter of 2019 to $92 per tonne and 9.2 cents per lb, sources with direct knowledge of the matter told Fastmarkets MB. This represents an $2 rise on the fourth quarter rate of this year and was set by CSPT in Shanghai on Thursday December 27."Demand is expected to be...Read More
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday December 28, supported by strong gains across global equity markets, while the largest outflow of 2018 in LME tin stocks keeps the metal's futures price elevated. Despite consolidating higher over the morning, the three-month aluminium price remains under pressure below $1,900 per tonne after...Read More
Base metals stocks at Shanghai Futures Exchange-approved warehouses were mostly down in the week ended Friday December 28, with nickel and copper bucking the trend.Zinc, aluminium, lead and tin stocks all fell this week, with lead registering the steepest decline and largely erasing the increase recorded last week. Deliverable lead stocks at SHFE warehouses fell by 3,521 tonnes or 18.2% over the p...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday December 28* Copper -$67.35 (-462.89 yuan) Aluminium -$353.46 (-2,429.18 yuan) Zinc $41.71 (286.65 yuan) Nickel $39.14 (268.98 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday December 28.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with weakness in the dollar buoying most of the complex.Check Fastmarkets MB's live futures report here. The Chinese antimony market showed signs of softening in...Read More
Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.Fastmarkets MB assessed the Indian secondary billet price at 31,200-31,400 rupees ($446-449) per tonne ex-mill on Thursday December 27 - an increase of 600 rupees per tonne compared with 30,600-30,800 rupees...Read More