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
Aluminium's three-month price on the London Metal Exchange fell by almost 3% at the close of trading on Monday January 28, continuing to trade at less than $1,900 per tonne while the rest of the complex followed lower.Total aluminium volumes traded on the exchange were moderate, with 13,588 lots changing hands by the close, and while the metal's LME stock levels remained firmly above 1 million ton...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average sank Monday, led lower by Caterpillar Inc. (CAT) , which missed analysts' earnings estimates.Caterpillar declined 9.13% after its posted weaker-than-expected fourth-quarter earnings and forecast a "modest" in increase in 2019 sales.Nvidia Corp. (NVDA) tumbled 13.8% after slashing its revenu...Read More
The aluminium market mainly shrugged off the US Department of the Treasury's Office of Foreign Assets Control's (OFAC) long-awaited decision to remove sanctions imposed on producer UC Rusal on Sunday. The market said the removal of sanctions had been expected and therefore is already priced into the premium levels. But Rusal's next move will remain a crucial key to how the market develops in...Read More
The copper scrap discount in January has narrowed month on month for Chinese imports, mainly due to limited scrap availability following a drop in copper's outright price.No 2 copper scrap, which includes birch and cliff of 94-96% copper content, was being sold into the country at a discount of 24-30 cents per lb this month, Fastmarkets assessed. The spreads are smaller compared to 26-34 cents per...Read More
Bob Moriarty ArchivesJan 28, 2019Those investors who believe the price of a commodity is going to go much higher should be looking for companies with marginal projects. If a company has a property that needs, say, $15 silver and silver is only $14, they can’t make money going into production and will be valued appropriately. But if silver goes up 10% the project moves from being uneconomical...Read More
"The economic and financial condition of the U.S. and global economy is similar to that of 2008, although I think now it's a lot worse than it was back then...the 'gravity' of true fundamentals has finally gotten ahold of stocks..."Fundamentals ultimately drive value. In terms of the fundamentals, financial assets - stocks, bonds, real estate - are extremely overvalued. The precious metals sec...Read More
Spot treatment charges (TCs) for zinc concentrates rose in January with the market continuing to trade at prices significantly higher than $200 per tonne.Fastmarkets assessed TCs for spot zinc concentrates at $210-240 per tonne on Friday January 25, up from $210-230 per tonne last month, reflecting a rise in the number of deals made at higher prices and a wider spread in trades.The spot zinc conce...Read More
A joint venture between Trafigura and a Saudi Arabian company will start building a major copper, zinc and lead smelter complex in Saudi Arabia approximately one year from now, a company source has confirmed with Fastmarkets. The designated capacity at the complex will be 400,000 tonnes per year of copper, 200,000 tpy of zinc and 55,000 tpy of lead, the source said. The $2.8 billion project in Ras...Read More
Rainbow has been in production since late 2017, but said the extra cash from The Lind Partners was needed to keep the ramp-up going.Read More
First Quantum Minerals Ltd is planning to restart operations at its Las Cruces mill in Spain next month to process existing stockpiles and is awaiting approval to resume activities in part of the associated open-pit mine following a land slippage last week. Subject to regulatory approvals, the mill will resume "sometime in February," the Toronto, Canada-based company said. The stockpiles are lower...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") is pleased to announce that it has intersected intervals of strong (>20,000 total cps on an RS-125 hand-held spectrometer) uranium mineralization at the Hurricane zone in the first two drill holes following-up last summer's intersection in drill hole LE18-01A. The Hurricane zone is a new discovery of high-...Read More
Cobalt prices slumped to near two-year lows last week before stabilizing after a psychological move through $20 per lb incited an improved level of spot inquiries. Fastmarkets' standard-grade cobalt price ended the week at $19-21.15 per lb, in-warehouse, compared with $19-21.40 per lb midweek. Prices had slumped by 9.5% two days earlier. Alloy-grade cobalt prices were slightly lower at $...Read More
Jan. 25th, 2019(S14-E680)Featured GuestsCEO Paul Snow &Bill MurphyPlease Listen HereShow HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the PMs sector.Palladium is key precious metal in the auto manufacturing sector used primarily for emissions reduction in gas engines.China and other BRICS nations are stockpiling the metal amid a global shortage.The price of Pall...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point 'C' low changed.) The 1330.40 'D' pivot wil...Read More
US-China trade war result, FOMC and January nonfarm payrolls will be closely watched. Gold and silver demand will be dependent on the ability/inability to trade over $1300 and $1560. A big week for gold and silver bulls. FOMC meet will be scanned for the timing of the next interest rate hike. Markets do not expect any interest rate hike this year. FOMC or Nonfarm payrolls either of them indica...Read More
Key data from the pricing sessions in London and Shanghai on Friday January 25.ChinaThe Chinese silicon fob price held steady in a quiet export market with few inquiries and only a little trade ahead of the looming Chinese New Year holiday (Feb 4-10).Prices have been underpinned by supply constraints, with some silicon refiners in southern China curbing production to avoid higher electricity...Read More
Turkish deep-sea scrap import prices have gone up after a large number of cargoes were booked from European, Baltic Sea and US origins, sources said on Monday January 28.Several deep-sea bookings from a variety of locations came to light late on Friday after the deadline for the indices that day.A steel mill in the Izmir region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) a...Read More
The copper scrap discount in January has narrowed month on month for Chinese imports, mainly due to limited scrap availability following a drop in copper's outright price.No 2 copper scrap, which includes birch and cliff of 94-96% copper content, was being sold into the country at a discount of 24-30 cents per lb this month, Fastmarkets assessed. The spreads are smaller compared to 26-34 cents per...Read More
Domestic scrap prices in Turkey have increased over the past seven days, in line with higher costs for imported scrap, sources said on Monday January 28.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,500-1,660 ($284-315) per tonne delivered on January 28, rising from TRY1,450-1,630 per tonne last week.The change in the assessment came after some st...Read More
(Recasts with comments from acting president, senator, lawyerand environment minister, updated share reaction and fines)By Gram SlatteryBRUMADINHO, Brazil, Jan 28 (Reuters) - Brazil's governmentweighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by adam burst turned into anger, with prosecutors, politicians andvictims' families calling for puni...Read More