The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold's latest upleg, since there's no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-year ago. Gold investment roa...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 24.Please click...Read More
Base metals prices on the London Metal Exchange consolidated at the close of trading on Wednesday April 24, largely unaffected by a year-to-date high in the US dollar index, while three-month tin futures continued to face downward pressure.The US dollar index, which is measured against a basket of six foreign currencies, traded at a high of 97.84 and reached its highest level since May 2017 during...Read More
Fastmarkets premiums held in all regions on Tuesday April 23 despite supply uncertainty from Indonesia and stocks held off-exchange. European buyers stay out of spot market. The US market is heavily supplied and spot demand is quiet over the Passover/Easter holiday. China's import window closed. European premiums hold despite falling LME tin price In Europe, Fastmarkets assessed the p...Read More
Bob Moriarty ArchivesApr 24, 2019I didan interview a couple of weeks back and predicted that the stock markets would begin a large decline soon. I based that on tea-leaf reading of the DSI readings for the S&P, the Nasdaq and the Nikkei. Since then the DSI for volatility has also dropped to a potential extreme level.In the very first piece I ever wrote about investing in gold and silverI talke...Read More
OM Manganese will spend as much as A$7.3 million ($5.2 million) to establish a manganese ore joint venture in Western Australia with copper-gold-manganese explorer Bryah Resources, Fastmarkets heard on Wednesday April 24.Under the agreement, OM Manganese, which is a wholly-owned subsidiary of Australia-listed mining and metallurgical group OM Holdings (OMH), can earn an interest in as much as 70%...Read More
Chilean miner Antofagasta produced 188,600 tonnes of copper during the first quarter of 2019, up by 22.6% from the corresponding period in 2018 because of higher throughput and ore grades, the company said on Wednesday April 24.Production was down by 14.3% from the previous quarter's record copper production of 220,000 tonnes, however, due to scheduled maintenance at the Los Pelambres and Centinel...Read More
Adamas said this week that 104% more nickel was deployed in new passenger EV batteries in February, up 104% year-on-year.Manganese deployment was up by 96% and cobalt deployment was up 87% for the same period."While usage of all three cathode metals saw major gains from February 2018 through February 2019, nickel enjoyed the greatest gains on account of the auto industry's ongoing shift from no or...Read More
Fastmarkets is revising the specifications for its copper concentrates treatment and refining charge (TC/RC) Asia Pacific index after a thorough consultation with a wide range of market participants. The changes in specifications will take effect from Friday April 26, following an extended market consultation that began on March 4. The index publication frequency has been increased to weekly, whil...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The Australian executive is reluctant to claim a mining boom is underway, but improved market conditions and a surge in activity in the Americas have certainly taken Ausenco out of the doldrums whereRead More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce Traci Costa, CEO and Founder of Peekaboo Beans, will be presenting today, April 24, 2019 at E-Series Vancouver, hosted by Forum for Women Entrepreneurs.E-Series is a three-day educational program that educates women on the important topics that entrepreneurs in Canada need in...Read More
Key data from the Wednesday April 24 pricing session in Europe.Key drivers The European ferro-titanium and titanium scrap markets were steady in the week to Wednesday April 24, consolidating gains made early last week, when Fastmarkets reported news of a production stoppage at UK producer FE Mottram after a fire at the company's plant in Sheffield. Alloy prices were expected to move higher in the...Read More
Newtrax's annual revenues have grown fivefold in the past five years to circa US$20 million, making it a sizeable player in an expanding underground hard-rock mine wireless IoT market.Read More
Niron is developing the Zogota iron ore deposit in neighbouring Guinea. The private company still has to finish the feasibility study on the project, but Davis said this would soon be done. "This MOU is an important milestone in our plans to develop the Zogota project," he said. "We intend to complete our feasibility study within six months and continue to work with relevant stakeho...Read More
Key data from the Wednesday April 24 pricing session in Europe.Key drivers The European ferro-titanium and titanium scrap markets were steady in the week to Wednesday April 24, consolidating gains made early last week, when Fastmarkets reported news of a production stoppage at UK producer FE Mottram after a fire at the company's plant in Sheffield. Alloy prices were expected to move higher in the...Read More
The bull market has gone vertical, suggesting stocks are in a blowoff phase. Where will it end? We'll hazard a guess simply because it's irresistible fun, and because one of these days we're going to get it right. Let me therefore offer 2953.50 for the June contract, or 2974.25 if any higher. Both seem likely to show stopping power, even if equally compelling rally targets got bulldozed on...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, April 24 (Reuters) - Copper and other base metalsrecovered on Wednesday from the previous day's losses, buoyed byhopes for a U.S.-China trade deal and stronger economic growthin top metals consumer China.The White House said that top U.S. officials will travel toBeijing for trade talks next week, with one leading offi...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More
The Turkish steel producers have continued to stay away from the deep-sea scrap markets due to weak demand for finished steel, sources said on Wednesday April 24.Demand in the country's export markets was still limited because of the safeguarding imports quotas impose by the EU, the doubled Section 232 import tariffs in the United States, and import duties in Egypt.Suppliers in the Baltic Sea regi...Read More