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
Nickel rallied on the London Metal Exchange on Tuesday, with the market seeing the continued decline in exchange stocks as price-supportive, although it failed to close above resistance at $17,000.The three-month nickel price rose 2.6% to close at $16,995 per tonne on Tuesday October 15 from the previous day's closing price of $16,550 per tonne. Still, it t closed below the psychologically signifi...Read More
Supervisors at Antofagasta's Los Pelambres copper mine in Chile will not take industrial action after signing an agreement to increase salaries, the company said on Tuesday October 15.Supervisors voted unanimously last week to strike at Los Pelambres, which produced 357,800 tonnes of copper in...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday October 15 that are worth another look.China's sustained presence as a buyer in Southeast Asia's spot billet market has been boosting prices in the region, sources told Fastmarkets.An oversupply of manganese ore weighed on seaborne manganese ore prices cif China, causing some producers to make multiple lower offers to attra...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 15, 2019 For silver, all roads probably lead to the $22-$25 area.For gold, all roads likely lead to $1600-$1800.There could be significant bumps in these roads, probably involving time more than price. Please click here now. Double-click to enlarge this silver chart. Silver looks stron...Read More
China had appeared less enthused than the US about progress towards a phase one trade deal, time for Brexit negotiations is running out before an EU summit on Thursday and attention turns towards earnings season."With the abovementioned backdrop of scepticism setting in on US-China trade, Asia markets may find more lacklustre movements going into Tuesday," IG market analyst Jingyi Pan said this mo...Read More
Supervisors at Antofagasta's Los Pelambres copper mine in Chile will not take industrial action after signing an agreement to increase salaries, the company said on Tuesday October 15.Supervisors voted unanimously last week to strike at Los Pelambres, which produced 357,800 tonnes of copper in...Read More
Mincor Resources' David Southam told the Paydirt Australian Nickel Conference planned development of the Cassini underground mine next year could "showcase" the use of electric light vehicles and possibly other EVs if its exploration continued to expand resources and project life.Mincor wants to make Cassini the centrepiece of a three-part plan to mine up to 600,000 tonnes a year of ore to supply...Read More
An oversupply of manganese ore weighed on seaborne manganese ore prices cif China, causing some producers to make multiple lower offers to attract business in the week ended Friday October 11. Sharp fall in ore prices dampens buying appetite China portside ore prices continue to drop Alloy prices in China fall on muted buying Indian alloy market slides, but floor appears E...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that on October 4, 2019, Alaska Governor Michael J. Dunleavy submitted a letter to the President of the United States requesting that the Company's Graphite Creek Project and associated advanced materials processing facility (the "Project") be designated a high-priority infrastructure pro...Read More
China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More
The company also said initial production would be delayed from the previous guidance of late 2020.Read More
Stewart Thomson 1. For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please click here now. Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold is also looking very solid, from b...Read More
By: Ira EpsteinGold swing lines: lower highs and lower lows. Bollinger support $1478, near swingline..Read More
Turkish steelmakers have paused their deep-sea scrap purchases following the news that the United States government will double its Section 232 tariffs on the country, sources said on Tuesday October 15.Late on Monday October 14, US President Donald Trump said he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria."The steel...Read More
Steelmakers in Germany have settled their monthly scrap contracts for October with an average month-on-month fall of ?,?30 ($33) per tonne, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill Germany, was ?,?225-235 ($215-226) per tonne in the middle of October, down by ?,?30 per tonne from ?,?225-235 per t...Read More
Fastmarkets will continue to publish five precious metals prices following an extended consultation period.Fastmarkets has decided to continue publishing these precious metals prices following a review of responses received to a proposal to delist.We will continue to review these prices on an ongoing basis. The prices are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehouseP...Read More
With little apparent progress made at last week's United States-China trade talks and with economic data still generally pointing to weakness, as seen by China's import and export data at the start of the week, the overall theme across markets seems to be one of more waiting. Nickel sold off after a large late-in-the-day sell order on Monday caught the market off guard, leading to stops being trig...Read More
MineHub Technologies has launched its blockchain technology platform, with the goal of improving efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.The platform is now live and available to industry participants, with initial usage and transactions with consortium members expected to begin within the next few weeks.Th...Read More
US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More
A few weeks ago, the good folks over at Inside Automotive published a piece entitled: Inside $TSLAQ: An organized group of Tesla short sellers tearing up the automaker on TwitterIt's brilliant, so I decided to post it here.Enjoy ...What is $TSLAQ and when did it originate? $TSLAQ has been referred to by media outlets as an organized group of Tesla "short sellers." To best explain $TSLAQ, for thos...Read More