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 US copper price slipped into negative territory on Thursday morning amid a rebounding dollar and few details about the China-United States trade talks. The United States copper price slipped into negative territory on Thursday morning amid a rebounding dollar and few details about the US-China trade talks. The copper price for the March settlement on the Comex division of the New York Mer...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Thursday January 10. The exceptions were nickel that was up by 0.4% and lead that was up by 0.6%. The three-month copper price was up by 0.1% at $5,972 per tonne, with the high so far on Thursday being $5,985.50 per tonne.Volume across the complex has been average with 5,342 lots traded...Read More
Ontario's Government for the People is protecting thousands of jobs, pensions and the environment with an investment at Algoma Steel Inc. in Sault Ste. Marie.Today, Minister of Energy, Northern Development and Mines Greg Rickford visited Algoma Steel Inc. to announce a $60 million repayable loan from the provincial government. "Our government is committed to ensuring Algoma Steel remains competiti...Read More
The Thursday Market Minute Global stocks retreat as the impact of progressing U.S.-China trade talks, and a dovish Federal Reserve, fades in favor of a focus on U.S. corporate earnings.Slowing inflation in China suggests the world's second largest economy continues to struggle, while a firmer European single currency clips gains for regional stocks. Global oil markets give back some of yest...Read More
The Chinese domestic cobalt sulfate price has moved up due to tightened supply amid active restocking activities ahead of the Lunar New Year holiday from February 4-10.Fastmarkets MB's China cobalt sulfate, basis 20.5% Co, ex-works price rose to 66,000-68,000 yuan ($9,669-9,962) per tonne on Wednesday January 9, from 65,000-68,000 yuan per tonne previously. Meanwhile, the accelerated downtrend in...Read More
Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets MB pricesClick here for Fastmarkets MB's price assessment for...Read More
I didn't watch Trump's speech on Tuesday.Nor did I watch the response from the Democrats.To be honest, I was having a great night and didn't want to ruin it by listening to a bunch of lies and misinformation that has become somewhat obligatory for partisan slaves and knuckle-dragging bureaucrats.So instead, I took five milligrams of my favorite chocolate edible and spent the rest of the evening pl...Read More
Some of China's domestic hot-rolled coil exporters have started to lower their offers unofficially after days of sparse trading with the aim of stimulating sales.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($533-534) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, unchangedPrices in Shanghai dipped on Thursday January 10, with a source there telling Fa...Read More
(Updates prices) * SPDR Gold Trust holdings highest since July * Investors await further news on Sino-U.S. trade talks * Palladium off record high hit in prior sessionBy Arijit BoseBENGALURU, Jan 10 (Reuters) - Gold steadied near a more thansix-month peak on Thursday as the dollar's slight recoveryoffset concerns about economic growth after U.S.-China talksfailed to provide clarity on efforts to e...Read More
China's coking coal and coke futures fell during morning trading on Thursday January 10, while other ferrous contracts were little changed.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,528 yuan ($516.50) per tonne, down 3 yuan per tonneMay hot-rolled coil: 3,433 yuan per tonne, up 1 yuan per tonneDalian Commodity Exchange May iron ore: 508 yuan per tonne, down 1 y...Read More
In his latest interview with Jim Goddard, Stewart Muir of ResourceWorks.com worries that the anti-Coastal GasLink pipeline protest in Northern B.C. that has included a blockade has little to do with indigenous rights and more to do with groups that do not want Canada to develop its hydrocarbon assets.It doesn't have the feel of an authentic grass roots thing where there really is an issue here. T...Read More
Turkey's long steel export market continued to struggle this week, with virtually closed markets in Europe and the United States and falling prices stifling demand, sources told Fastmarkets on Thursday January 10.Turkish steel producers were generally offering rebar for exports at about $445-450 per tonne fob on an actual weight basis, with only a handful of mills still trying to keep their o...Read More
The Turkish domestic rebar and wire rod price have gone up slightly due to a weakening lira over the past week, sources said on Thursday January 10.Fastmarkets' price assessment for domestic rebar in Turkey was TRY2,880-2,930 ($525-534) per tonne ex-works, including 18% VAT, up from last week's TRY2,800-2,850 per tonne.The local price in the Izmir region was reported at TRY2,910-2,970 per tonne ex...Read More
Steel billet import prices into Egypt fell this week with lower offers, while local rebar prices remained unchanged, sources said on Thursday January 10.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $425-430 per tonne cfr on Thursday, falling from $435-440 per tonne cfr.Billet producers from the Commonwealth of Independent...Read More
The pig iron export market for producers in the Commonwealth of Independent States (CIS) has dropped because of crashes in domestic scrap prices in the key outlets of the United States and Italy.Fastmarkets' CIS export price assessment for high-manganese pig iron fell to $320-335 per tonne fob Black Sea on Thursday January 10, compared with $340-345 per tonne a week before."Based on weak scrap pri...Read More
Turkish steel producers continued to book deep-sea scrap to replenish low stock levels on Thursday January 10, while the finished steel markets were still weak.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 28,000 tonnes of HMS 1&2 (80:20) at $280 per tonne, 5,000 tonnes of shredded at $285 per tonne and 3,000 tonnes of bonus at $290 per tonne...Read More
Iron ore prices were mixed on Thursday January 10 following news of the Chinese yuan's appreciation against the US dollar and reports of a port fire in Australia.MB 62% Fe Iron Ore Index: $73.36 per tonne cfr Qingdao, down $0.54 per tonne. MB 62% Fe Pilbara Blend Fines Index: $73.50 per tonne cfr Qingdao, down $0.54 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $75.17 per tonne cfr Qingdao, dow...Read More
By: Jay Martin, Cambridge House International"When you have eliminated the impossible, whatever remains, however improbable, must be the truth". - Sherlock HolmesThe Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years.In January, 2011, it was a struggle to walk in a straight line down any of the exhibition aisles.It was crow...Read More
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor's latest newsletter, he concludes that both scenarios are good for gold:Which Safe Haven Markets Will Dominate in 2019?If we are, as I believe, on the precipice of a major decline in stocks, the question in my mind...Read More
By: Dave KranzlerThe stock market has gone "Roman Candle" since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.Credible measures of price inflation...Read More