Published 22 Hours AgoUpdated8 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.Spot gold was 0.3 percent lower at $1,222.54 per ounce. U.S. gold futures for December delivery fell 0.4 percent to $1,223 per ounce."It's really the dollar's move...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
An iMetal geologist examines a mineralized rock sample at the Gowganda West property. Source: iMetal Resources Inc.iMetal Resources Inc. [IMR-TSXV] said Friday November 23 that ongoing exploration at its Gowganda West property in northeastern Ontario has defined highly favourable targets for upcoming drilling at Zone 3A.iMetal shares advanced on the news, rising 9.52% or $0.01 to 11.5 cents on v...Read More
Property map of the BTU Metals Dixie Halo Project, Red Lake area, Ontario. Source: BTU Metals Corp.BTU Metals Corp. [BTU-TSXV] said Friday November 23 that it picked up more ground in the emerging Dixie discovery area of Red Lake, northern Ontario via the acquisition of Burgundy Exploration Corp.As a result, BTU said it has been able to acquire an additional 4,163 hectares of prospective and geogr...Read More
Global ferrous scrap prices continued to move downward in the week ending Friday November 23, with persistently weak finished steel sales and fears about renewed Chinese exports.Cargoes booked in Turkey were at lower prices due to fears of increased volumes of rebar being exported from China. The market in India was dragged down by the negative sentiment in Turkey, with prices falling by $8 per to...Read More
European austenitic alloy scrap prices were largely stable this week, although further losses are possible while the market's fundamentals remain weak. The exception was European import 18/8 stainless scrap solids, the price range for which slipped to ?,?930-950 ($1,060-1,083) per tonne cif, down by ?,?20 per tonne, according to Fastmarkets MB's assessmentDemand is poor, as it has been since Octob...Read More
The price of shredded ferrous scrap imported into India fell by $8 per tonne this week due to a poor trading environment, sources told Fastmarkets on Friday November 23.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $350.53 per tonne cfr Nhava Sheva on November 23. This was down by $8.28 per tonne week on week from $358.81 per tonne cfr on November 16.Offer pr...Read More
The three-month lead price on the London Metal Exchange was slightly firmer this morning, Friday November 23, while the rest of the complex was down by an average of 0.6%. Zinc led the decline with a 1.2% fall, while copper was off by 0.8% at $6,217 per tonne.Volume has been high with 11,796 lots traded as at 7.24am London time - the bulk of which has been in nickel, where 6,902 lots have traded....Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
China's domestic spot battery-grade lithium carbonate price was steady this week due to slow market activity, with just small deals concluded; rest-of-world lithium hydroxide prices fell due to continued low demand. Chinese battery-grade lithium carbonate and hydroxide prices were unchanged week on week on thin spot market activity. Battery-grade lithium hydroxide prices in other global marke...Read More
An INK Research review of filings by insiders at Bombardier (Unranked; BBD.B) for August 15th transactions relating to its announced Automatic Securities Dispositions Plan (ASDP) raises a number of questions with respect to ownership changes.According to descriptions of insider ownership types provided by the System for Electronic Disclosure by Insiders (SEDI) in the document Ownership types & re...Read More
Indian importers are considering imports of hot-rolled coil (HRC) from China because South Korean suppliers have exited the Indian market due to falling prices.China-origin commercial grade HRC was offered earlier this week to Indian importers at $505-510 per tonne cfr Mumbai for late January-early February shipments.But there had been no Chinese HRC import bookings by Indian importers by Friday N...Read More
Domestic prices for coated steel coil products in Turkey were mostly stable in the week ended Friday November 23, with demand remaining limited.The local market has been slow for a long time and some market participants expected prices to fall further because of price falls on hot-rolled coil, the base product for coated coils.Prices had previously fallen slightly last week.Domestic pricesOne prod...Read More
Domestic and import prices for steel coil products in Turkey have decreased this week due to limited demand, sources told Fastmarkets on Friday November 23."Buyers are hesitant to buy because of weak end-user demand and expectations of further price falls," a source said.Fastmarkets' weekly price assessment for Turkish domestic hot-rolled coil (HRC) was $520-525 per tonne ex-works on November 23,...Read More
Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday November 23.Raw materialsThe price of pig iron exports from the Commonwealth of Independent States has fallen over the past seven days due to weak prices both for raw materials and for finished steel products.High-grade iron ore producer Carpentaria Resources sees a strong need for a high-grade i...Read More
Some rebar producers in Egypt believe that the country should apply duty at 6-8% on imports of steel billet, while others argue that billet imports are essential if enough rebar is to be produced domestically, Fastmarkets heard on Friday November 23.The first group believe that billet duties will facilitate an increase in domestic billet capacity. But the latter group believe that it is imports of...Read More
Note: A.M. image courtesy of website.HighlightsHead of Research at GoldMoney, Alastair MacLeod makes his show debut on Thanksgiving Day, 2018. Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights. The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacLeod, 2018). Standard anti-money launde...Read More
HighlightsArch Crawford, head of Crawford Perspectives for 41 consecutive years rejoins the show.Our guest advises investors to hold a core position in gold, which could develop a base near current levels.A close above $1,370 would indicate a sign of pent-up bullish demand. Arch Crawford has closed all long positions in US equities and is holding short-term index puts, in case the current...Read More
By David Brady, CFALast week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock market crash and the subsequent ultimate peak in the dollar, including USD/CNY. This w...Read More