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 effect of a sharp uptick in nickel values on alloy steel scrap prices this week was muted by ongoing poor demand, sources told Fastmarkets on Friday January 11.Being a key component of stainless steel, nickel prices exert considerable influence over the price of alloy steel scrap, with price movements in the former usually being reflected in a the latter in the same week. On Friday, the t...Read More
The price of shredded ferrous scrap imported into India inched up this week following deals done at higher prices from last week but for smaller tonnages, market participants said on Friday January 11.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India inched up to $319.24 per tonne cfr Nhava Sheva on January 11, from $318.39 per tonne cfr Nhava Sheva on January 4....Read More
Turkish steel mills continued to book deep-sea ferrous scrap for February at the end of the week because of low stock levels, sources told Fastmarkets on Friday January 11.A steel mill in the Iskenderun region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (95:5) at $283 per tonne and 13,000 tonnes of shredded at $285 per tonne cfr.Market participants indicated that the HMS 1&2 (80:20) pri...Read More
The light iron steel scrap market in the United Kingdom has been stable in the week ended Friday January 11, extending a steady performance in prices to a fourth consecutive week.The market's focus is on the outcome of contact negotiations between British scrap suppliers and consumers in the steel industry, most of which are expected to be concluded early next week.While some sources suggest deals...Read More
Iron ore prices were largely rangebound on Friday January 11 with further pressure applied to the port market due to a stronger exchange rate for China's yuan against the US dollar.MB 62% Fe Iron Ore Index: $73.45 per tonne cfr Qingdao, up by $0.09 per tonne.MB 62% Fe Pilbara Blend Fines Index: $73.59 per tonne cfr Qingdao, up by $0.09 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $75.04 per ton...Read More
We took command of The Daily Reckoning fully aware of the bodily risk, reduced here to words by our co-founder Bill Bonner:In our trade as newsletter publishers, hardly a day passes without a good laugh. Our only occupational hazard is a rupture of the midriff.Each day tosses up a fresh roster of fools, scoundrels, frauds, knaves, rogues, ne'er-do-wells, world improvers, lunatics and pitchmen.Some...Read More
Are stocks "cheap" again?Is it time once again to cast your bread upon the waters... and buy?Today we rise above the daily hurly-burly of the market... take the long view... and ransack the past for clues about the future.The major averages were negative for 2018. And the stock market has just emerged from its bleakest December since 1931.But the market has found a toehold, bleats the consensus. T...Read More
An overview of the minor metals markets and the reasons for any price moves.What will drive prices in 2019? Join...Read More
The following Fastmarkets minor metals prices changed on Friday January 11:Minor metalsBismuth MB China domestic, yuan/tonne: 49,500-51,000 yuan per tonne from 47,000-49,000 yuanCobalt MB free market alloy grade, $/lb: $22.00-24.50 per lb from $24.50-26.25Cobalt MB free market standard grade, $/lb: $23.50-25.25 per lb from $24.75-26.25Cobalt Sulfate, Co...Read More
An overview of the minor metals markets and the reasons for any price moves.What will drive prices in 2019? Join...Read More
Base metals on the London Metal Exchange were firmer this morning, Friday January 11, with three-month prices up by an average of 0.9%. Zinc and nickel led the way with gains of 1.3% and 1.2% respectively, while copper was up by 0.9% at $5,972 per tonne as at 6.45am London time - the same price it held at a similar time on Thursday.Volume across the complex has been above average with 8,805 lots t...Read More
Prices were unchanged in the European stainless market in the week to Friday January 11, with trading beginning to pick up after the Christmas/New Year break int he region - although full activity has not yet been achieved. It remains unclear to what extent the sharp decreases to alloy surcharges have been implemented by distributors and service centers in their own selling prices. Many such...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 11:Aluminium ingotDuty paid delivered works pressurediecasting ingot price...Read More
Asian ferrous scrap prices dipped during the week ended Friday January 11 this week despite stronger demand from end users in the region.Steel mills in Vietnam and South Korea booked large volumes of ferrous scrap throughout the week from the United States, Japan and Russia. However, prices did not increase due to the ample supply in the market.Vietnam Fastmarkets' import price assessment for heav...Read More
Auryn Resources (TSX: AUG; NYSE-AM: AUG) has found a zone of oxide copper mineralization at the Milpoc prospect, 12 km south of the Sombrero Main target on its Sombrero North copper property in Peru. Rock samples it collected at the 1.2 km by 500 metre Milpoc graded as high as 8.75% copper and 101 grams silver per tonne. Auryn optioned the 1,200 sq. km Sombrero copper-gold project in July 2016 fro...Read More
Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.Manganese ore prices have started 2019 by continuing a slide that began in December, weighed down by weak downstream demand in China, where market participants are reluctant to buy because of fea...Read More
Benchmark Metals (TSXV: BNCH; US-OTC: CYRTF) has expanded the Phoenix zone at its Lawyers gold-silver project in B.C.'s Golden Triangle after intersecting gold and silver mineralization in step out drilling grading as high as 11 grams gold per tonne and 819 grams silver over 4 metres from 69 metres downhole.Other highlights included 6.15 grams gold and 124.37 grams silver over 4 metres from 60 met...Read More
Platinum's lesser-known cousin keeps going from strength to strength.Palladium, once considered an unattractive byproduct of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. Spot metal peaked at an all-time high $1,344.41 a troy ounce Wednesday. Over the past month, it's been more costly than gold, which hasn't happened since 2002. From a point a decade...Read More
Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More
* China's Tsingshan Group and partners including GEM Co Ltd on Friday announced the start of work on a $700 million battery chemicals project in Indonesia.* A GEM spokesman said piling work began on Friday, while a joint statement said construction would start "as soon as possible after obtaining relevant approvals".* A joint venture agreement on the project, situated in the Morowali Industrial Pa...Read More