Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
Chinese ammonium paratungstate (APT) and black tungsten concentrate prices fell due to persistent weakening domestic demand, while the European ferro-tungsten quotation ticked up on business concluded at higher levels. APT price in China edged down amid slow trades Concentrate prices was still under pressure in soft markets Ferro-tungsten price in Europe rise slightly Fastmarkets asse...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 23. China The Chinese grade 553 silicon price fell by 3.3% week on week amid aggressive bids Inquiries were still thin amid slow trading for much of the week Meanwhile, availability of material was sufficient in the spot market The price range widened, reflecting differing attitudes among suppliers in Chi...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it ended with a loss...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More
Antimony prices moved down in both Chinese and European markets in the week ended Friday November 23 amid weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,000-50,500 yuan ($7,211 -7,283) per tonne on November 21, down 0.7% from 50,200-51,000 yuan per tonne a week earlier amid persistent weak demand in the domestic...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others — all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate...Read More
Turkish steel producers continued to book deep-sea scrap for December deliveries at the beginning of this week, following the decrease in prices last week, sources said on Monday November 26.A steel mill in the Iskenderun region booked a UK cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $320 per tonne and 6,000 tonnes of shredded at $330 per tonne cfr late on November 23.After this trade, t...Read More
Turkish domestic scrap prices have continued to weaken over the past week due to limited demand and falling finished steel values, sources said on Monday November 26.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,650-1,850 ($313-351) per tonne delivered on Monday, narrowing downward from TRY1,650-1,940 per tonne on November 19.Long steel producers...Read More
Thomas Franck| @tomwfranckPublished 14 Hours AgoUpdated4 Hours AgoCNBC.com Drew Angerer | Getty ImagesTraders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. Treasury yields rose Monday as calmer equity markets encouraged a shift away from the relative safety of U.S. government debt.The yield on the...Read More
Copper prices on New York's Comex were little changed in morning trading on Monday November 26 amid scant trading activity and few market drivers being apparent ahead of a major trade meeting.The copper price for December settlement on the Comex division of the New York Mercantile Exchange in the United States fell by 0.30 cents to $2.7635 per lb.Later this week, US President Donald Trump and Chin...Read More
A selection of uncut and unpolished emerald crystals from the Coscuez Mine, Colombia. Source: Fura Gems Inc.Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FSE] said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company's emerald and ruby assets in Colombia and Mozambique.Fura is a member of the Forbes & Manhattan Group,...Read More
Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
The three-month tin price on the London Metal Exchange stood out as the strongest performer among its peers with a gain of 1.2% this morning, Monday November 26. Three-month copper ($6,183 per tonne) and aluminium were up by 0.2%, while the rest were down by 0.3%.Volume has been average with 5,700 lots traded as at 7.30am London time. This morning's mixed performance by the LME three-month base me...Read More
The global market for electric vehicle batteries in 2025 could be 10 times bigger than in 2018, according to a report by Swiss investment bank UBS published last week.This should help to increase lithium demand by as much as four times, to drive a 41% increase in nickel consumption, and to more than double the use of cobalt over the same period, the report added.These three metals are the ones mos...Read More
* Graphic: World FX rates in 2018* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)LONDON, Nov 26 (Reuters) - The pound steadied on Mondayafter Britain sealed a deal with the European Union on quittingthe bloc, with the currency's gains curbed by doubts aboutwhether Prime Minister Theresa May can get the agreement througha divided parliament.With European leaders endorsing on Su...Read More
Share this articleCARACAS, Venezuela - Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country's prized assets into peril.Court papers show that Venezuela on Friday began paying off $1.4 billion that a panel said was owed to the Canadian mining firm Crystallex, following a disputed takeover of the company by the late-President Hug...Read More
(Updates prices) * Palladium climbs after declining 3 pct on Friday * Speculators raise net gold short positions in week to Nov.13 * GRAPHIC-2018 asset returns: By Swati VermaNov 26 (Reuters) - Gold firmed on Monday, supported byuncertainty over the future pace of U.S. interest rate hikes andthe outcome of the G20 summit later this week when globalleaders will focus on trade tensions.Spot gold was...Read More
On Saturday, I stopped by Royal Farms to grab a cup of coffee.The guy standing in line ahead of me was there to get change after pumping gasoline.I overheard him tell the cashier, "I've got change on pump seven. I can't believe gas is only $2.25. I thought $20 would fill it."Turns out he's not the only one surprised by lower gas prices.Social media was buzzing over the weekend with posts about che...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading as the energy sector headed up amid rising oil prices, while U.S. stocks also gained ground.The S&P/TSX composite index was up 67.97 points at 15,078.70.In New York, the Dow Jones industrial average was up 343.58 points at 24,629.53. The S&P 500 index was up 33.55 points at 2,666.11, while the Nasdaq composite...Read More