Strong LME spreads bolstered aluminium premiums in both the US Midwest and Europe in the week ended on Tuesday April 9, while increased metal availability in Trieste helped increase market liquidity in Italy and main Japanese port (MJP) premiums held firm amid active trading despite short supply. Benchmark Rotterdam duty-unpaid premium touches $100 per tonne for first time since June 2018US Midwes...Read More
China's hot-rolled coil prices retreated on Wednesday April 10 with trading activity in the domestic market said to be at moderate levels.DomesticEastern China (Shanghai): 3,970-3,980 yuan ($591-593) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, down 10 yuan per tonneA Shanghai-based trader said buyers were only placing orders on an as-needed basis, rather...Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Wednesday April 10, with most metals trading in narrow ranges and buying appetite in Europe subdued. Volumes traded have been thin this morning. The most-traded metal is copper with just over 4,000 lots changing hands as of 9:30am London time. The three-month copper price is trading just below $6,480 per tonne d...Read More
Electric vehicles will shift to using solid-state batteries using lithium metal in the long term, but requisite developments in the manufacturing process mean batteries with liquid electrodes will remain in use until at least the late 2020s, according to Emily Hersch, managing partner of DCDB Group. "The practical reality of how [solid-state technology] goes from laboratory to supply isn't so much...Read More
The following Fastmarkets minor metals prices changed on Wednesday April 10:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 44,000-45,000 yuan per tonne from 43,500-45,000 yuanCobalt MB free market alloy grade, $/lb: $16.50-17.30 per lb...Read More
Key data from the Wednesday April 10 pricing session in Europe.Key driversThe European ferro-titanium price moved up in the past week, while scrap markets also increased amid firm fundamentals that have fueled a price rally since March. Current business conditions are expected to persist through April and into May. There were reports that a major German steelmaker booked 150 tonnes of alloy for sh...Read More
Chinese domestic prices for antimony gained some momentum late last week when all the private antimony producers in Lengshuijiang, in China's central province of Hunan, were required to halt production for safety checks, sources told Fastmarkets on Tuesday April 9.On April 3, before a national public holiday on April 5, relevant authorities in Lengshuijiang, which is China's major antimony product...Read More
On January 25th President Trump announced an end to the 35-day partial government shutdown. This day came as a relief to many of the 800,000 government employees and contractors who were left scrambling to cover their bills until their paychecks kicked in again. A lot of people did just fine during the government shutdown, thanks to emergency savings and the added safety net of a working spouse. B...Read More
Global risk sentiment soured overnight following news that the International Monetary Fund (IMF) has downgraded its global growth outlook for 2019 to 3.3% from 3.5% previously. The IMF forecasts the slowdown seen in the second half of 2018 to continue into the first half of this year before picking up in the second half of 2019. The projected growth rate for next year was unchanged at 3.6%.As a re...Read More
Here at The Daily Edge, we’re all about finding market plays that can give you an advantage and make you more money.But it’s not just about the cash. Because it really is true that money can’t buy happiness. It’s what you DO with the money that really matters.Of course, I’m talking about things like:Affording the comfortable retirement you truly deserve.Paying for a s...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 10:Aluminium scrapLoose old rolled cuttings: ?680-710 per tonne from ?690-720Cast wheels: ?1,140-1,170 per tonne...Read More
The following is an interview by Cobalt 27 Capital (TSX-V: KBLT; US-OTC: CBLLF) chairman Anthony Milewski with the London Metal Exchange's Product Development department to discuss the LME's electric-vehicle battery materials initiatives and the launch of its new cobalt contract.Anthony Milewski: What is the London Metal Exchange and what does it offer as a platform?London Metal Exchange: The Lond...Read More
With the gold market's supply and demand numbers coming in for the first two to three months of 2019, one of the features of this year that's coming into focus is the strong buying of gold by central banks around the world.And yes, there is a distinct geopolitical element to it all, as these central bank buyers are predominantly from countries that stand in direct economic or political opposition...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixI inhaled.Read More
Para Resources (TSXV: PBR; US-OTC: PRSRF) will drill five holes totalling 3,750 feet in conjunction with a geophysical program at its Tr-Ue gold vein near Oatman, Arz., and 1.5 miles from the company's Gold Road mill and mine.The program will begin in May 2019 and explore around the historic United Western and United Eastern gold mines.United Western operated between 1928 and 1940, producing 40,0...Read More
Spot iron ore prices rose from US$75 per tonne to US$95 per tonne in the weeks following the Brumadinho dam disaster at Vale's (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about US$85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.Spot prices are now back up at the US$95 per tonne level as lower shipment volumes out of Austral...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesProduction came from 700,304 tonnes of ore mined at an average grade of 1.2g/t gold.Read More
Eastern promise for PolarXSPONSOREDpolarxCEO Richard Adkerson told Reuters this week the company would be focused on the transition and would "be much better situated in two years' time"."We have confidence about this," he told the wire service.Eastern promise for PolarXSPONSOREDpolarx"The Grasberg asset is so special."PT-Freeport Indonesia is mining the final phase of the Grasberg openpit and is...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe Goldcorp-backed company said last week continuous channel sampling...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.The company said its total production of gold-equivalent ounces (GEO), which includes oth...Read More