A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could also look forward to some relief.GoldGold showed promis...Read More
Aluminium foundry premiums in Western Europe and the United States continued to slide on Friday April 12 following sustained concerns about the automotive industry. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms was assessed Friday at $340-360 per tonne. The premium is down more than 17.6% year on year....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose, led by JPMorgan Chase (JPM - Get Report) , which posted first-quarter earnings that topped analysts' forecasts. Chevron (CVX - Get Report) fell 5% after announcing it would buy Anadarko Petroleum (APC - Get Report) for $33 billion in cash and stock. Anadarko soared 32%. Walt Disney (DIS - Get Repo...Read More
Aluminium billet premiums worldwide were mostly static on Friday April 12, although the premium in Brazil bucked the trend in moving to its highest level since June 15 of last year. ?EUR? Spanish premium drops below $400 per tonne ?EUR? Brazilian market pushes higher on more offers?EUR? US spot market remains quiet?EUR? Asia quiet ahead of holidaysEurope mostly quiet; Spain continues to fallThe pr...Read More
The three-month zinc price on the London Metal Exchange moved above $2,900 per tonne at the close of trading on Friday April 12, while volumes traded reached their highest level since March 15 at 12,000 lots exchanged.Price action in zinc has been volatile so far in April, reaching a monthly high of $2,938 per tonne on April 8 before dipping to a low of $2,852 per tonne on April 9. LME stocks rema...Read More
Gold and silver are historically undervalued relative to the stock and bond markets. The junior mining stocks overall are at their most undervalued relative to the price of gold since 2001. Gold's relative performance during the quarter, when the stock market had its best quarterly performance in many decades, is evidence of the underlying strength building in the precious metals sector.Furthermor...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Adam HamiltonArchivesApr 12, 2019 Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futur...Read More
The placing and subscription involved a total 444.4 million ordinary shares at a price of 0.135p each, with 407.4 million as part of the placing.Of the 37 million shares in the subscription, 7.4 million were taken up by CEO Andrew Prelea and 29.6 million by director Roy Tucker, bringing their shareholding in the company up to 0.49% and 0.88%, respectively.Vast (AIM:VAST) has applied for the s...Read More
UG2 chrome ore prices broke a seven-week upward trend on Friday April 5 due to weaker demand after consumers cited sufficient stock, while alloy prices in the United States weakened and were subdued in Europe. UG2 prices slip $1 per tonne, Turkish pump stabilizesAlloy prices steady in Japan, South KoreaAlloy prices hold on Chinese public holidayAlloy prices drop in Europe UG2 chrome ore prices we...Read More
Antofagasta will not make an investment decision on building a new concentrator at its Centinela operations in Chile until at least 2021, the company's chief executive officer has said.The company recently decided to advance the studies on a second concentrator rather than expanding its existing operations, following a detailed evaluation of the two alternatives."We wouldn't make the decision befo...Read More
Toho has put $20 million into the joint venture company Abra Mining, with another $10 million on its way once the definitive feasibility study is completed - still expected to be mid-year.Read More
Brazilian bauxite exports increased by 33.2% year on year in the first quarter of 2019, while alumina shipments decreased by 27.4% over the same comparison, data from the country's foreign trade ministry, MDIC, showed.Brazil's bauxite exports totaled 2.1 million tonnes in the three months ended March 31, up from the 1.57 million tonnes shipped in the same period a year earlier.Most of the material...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 199,50794,14361,105132,478265,287393,090420,535 Change from Prior Reporting Period 5,723-5,0854,279-7,0367,5432,9666,737 Traders 19361815454277168 Small Speculators LongShortOpen Interest 54,44927,004447,539 4,4036327,369 non reportable positionsChange fr...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very lo...Read More
By: Dave KranzlerGold and silver are historically undervalued relative to the stock and bond markets. The junior mining stocks overall are at their most undervalued relative to the price of gold since 2001. Gold's relative performance during the quarter, when the stock market had its best quarterly performance in many decades, is evidence of the underlying strength building in the precious metal...Read More
By: Ira EpsteinGold back into a down thrust. Higher high and lower low. Gold - there is no real story here right now. Read More
Gold got whacked Thursday as it so often does i.e., at the apex of a rally that may have encouraged a bullish thought or two in the minds of some investors. Alas, the worst selloff we've seen in well, it's actually been only two weeks socked the June contract with an $18 loss. In the accompanying chart, some might discern a head-and-shoulders kinda thing going on in the ups and downs of 20...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More