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 European molybdenum markets fell in trading this week to a six-month low, with suppliers cutting their offer prices in the face of stubborn resistance among consumers against paying more.Both the alloy and oxide markets in the second week of January were at prices last seen in July 2018.Moreover, there has been an abundance of spot ferro-molybdenum available since the past quarter, as well as...Read More
"Talks with China are going very well!" US president Donald Trump tweeted earlier. Commodities were mixed, with copper closing lower on the London Metal Exchange and palladium hitting a fresh high.It was worth US$1,321 an ounce on the spot market earlier - above gold's value of $1,281.50/oz.Among the majors, Freeport-McMoRan closed up 1.8% in New York and Rio Tinto (LSE: RIO) gained 0.8% in London...Read More
* Chinese currency depreciation to help exports * Copper's resistance at $6,110 where moving averagesconverging (Updates with closing prices)By Pratima DesaiLONDON, Jan 9 (Reuters) - Copper prices climbed to one-weekhighs on Wednesday after reports of fresh stimulus in topconsumer China and signs of progress in Sino-U.S. trade talksreinforced expectations of stronger growth and demand.Benchmark co...Read More
Increased numbers of spot market inquiries exposed the greater availability of cobalt in Europe in the first half of the week that began on Monday January 7, with metal prices continuing to fall as a result.Standard-grade cobalt prices dropped to $24.75-26.25 per lb, in-warehouse, on January 9, from $25.75-27.25 per lb at the end of last week.Alloy-grade prices remained slightly lower on January 9...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
John Williams & Chris Waltzek Ph.D. - January 8th, 2019. -- CLICK HERE TO LISTEN NOW (Mp3 file) HighlightsThe founder of Shadowstats.com, a leading online alternative economic-resource offers listener's a financial market overview for 2019.John Williams notes the economic mishaps leading up to the Great Recession of 2008 were mostly ignored.The inordinately large global financial-bubble...Read More
Big moves will be there in metals, energies and the US dollar Index only after the outcome of US-China trade talks are known. Till then, the consolidation phase will be there. Focus of the world in on a Chinese slowdown. Long term metal investors are on the sidelines as they expect slower and lower Chinese demand. If the trade talks succeed and all issues comes to an end once and for all, then a...Read More
Key data from the Wednesday January 9 pricing session in Europe.Key driversThe market has been quiet during the first week of the calendar year, with only a small drop in ferro-titanium prices, while the price of scrap was stable. Liquidity is expected to increase throughout January.Around 110 tonnes was reported traded between $4.30 per kg and...Read More
Gold settled higher on Wednesday, buoyed by a drop in the dollar as the market weighed comments from Federal Reserve officials for hints on the pace of the central bank's interest-rate hikes this year. Prices for the precious metal then extended their gains following the Comex settlement as minutes from the Federal Open Market Committee's December meeting revealed that some Federal Reserve members...Read More
Turkish steel mills were absent from the deep-sea market on Wednesday January 9, with no bookings recorded and no change in prices, sources told Fastmarkets. On January 8, three steel producers booked four deep-sea cargoes from the United States and Europe at steady prices and then started to watch the finished steel markets.A long steel producer in Izmir was said to be selling 50,000 tonnes...Read More
Gold futures finished Tuesday with a loss as gains in the U.S. stock market and strength in the dollar helped to dull the appeal of the haven metal, at least in the short term. February gold on Comex GCG9, +0.13% fell by $4, or 0.3%, to settle at $1,285.90 an ounce, giving back all but a dime of its gain from a day earlier. March silver SIH9, +0.13% meanwhile, followed its sister metal lower to l...Read More
The Zgounder silver mine in Morocco. Source: Maya Gold & Silver Inc.Maya Gold & Silver Inc. [MYA-TSX; MYAGF-OTC] achieved a key milestone Wednesday January 9 with the announcement that its flagship Zgounder silver mine in Morocco has reached the commercial production stage. Maya is a Morocco-focused company with a portfolio that also includes the Boumadine polymetallic deposit, located in...Read More
The Shanghai copper premium rose from its lowest in more than a year because of a narrowing negative import arbitrage for bringing units into China that made buying more attractive.The nearby LME forward curve switched to a solid contango as well, firming up sellers' positions globally. Shanghai cif premium rises by $3 per tonne from last Monday; bonded warehouse premium up by $5 LME cash/three-mo...Read More
GT Gold's exploration camp on the Tatogga property in the Golden Triangle region of northwestern British Columbia. Source: GT Gold Corp.GT Gold Corp. [GTT-TSXV, GTGDF-OTC] shares were active Wednesday January 9 after the company said the final and deepest hole of its Saddle North porphyry drill program (hole TTD109) returned the strongest intercepts reported so far. The Saddle North discovery is l...Read More
The US copper price increased during midweek trading this morning in the US, amid a softer dollar and positive trade talks between the United States and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.30 cents to $2.6690 per lb. Trade talks between the world's economic powers continued for a third consecutive day earlier this morn...Read More
Three-month base metals prices on the London Metal Exchange were stronger across the board by an average of 0.6% this morning, Wednesday January 9.Tin led the way with a 1% gain and is back over $20,000 per tonne and has an impressive double bottom in place on the chart, with lows in August and November. Lead, zinc and aluminium were all up by around 0.8%, copper was up by 0.4% at $5,959 per tonne...Read More
Brine sampling in Q3 2018 at the Smackover lithium project in Arkansas. Source: Standard Lithium Ltd.Standard Lithium Ltd. [SLL-TSX; STLHF-OTC-Nasdaq-Int. Designation; S5L-FSE] said Wednesday January 9 that it has produced its first quantity of battery quality (over 99.56% purity) lithium carbonate.The battery quality lithium carbonate was produced at the company's prototype lithium carbonate crys...Read More
The Wednesday Market Minute Global stocks extend gains, with markets around the world rising past three week highs, as an extra day in U.S.-China trade talks adds to speculation the two sides are nearing a deal.Stocks and bond yields continue to defy growth concerns even as World Bank trims global GDP forecast and cautions on "bumper ride" in 2019.U.S. crude tops $50 a barrel, extending recent g...Read More
Increased numbers of spot market inquiries exposed the greater availability of cobalt in Europe in the first half of the week that began on Monday January 7, with metal prices continuing to fall as a result.Standard-grade cobalt prices dropped to $24.75-26.25 per lb, in-warehouse, on January 9, from $25.75-27.25 per lb at the end of last week.Alloy-grade prices remained slightly lower on January 9...Read More
A most humbling year, 2018 was for many sectors… Outside of cryptocurrencies, perhaps no other sector got trainREKT as bad as cobalt…2018 started off auspiciously enough with the “key ingredient” found in lithium-ion batteries catapulting to new heights, blasting through $40/lb, with many thinking $50/lb was just around the corner (and imminent).Well, let’s just say p...Read More