Antimony prices continued their downward trend in both Chinese and European markets in the week ended November 30 amid continuing weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 49,500-50,000 yuan ($7,121-7,193) per tonne on Wednesday November 28, down from 50,000-50,500 yuan per tonne the previous week amid continui...Read More
The view north downslope from the old Lone Star Mine at the Lone Star Zone. Source: Klondike Gold Corp.Klondike Gold Corp. [KG-TSXV] on Monday December 3 reported assay results from another nine drill holes on the Lone Star Zone at its flagship Klondike District property near Dawson City, Yukon. The company said 87 holes were drilled in 2018. So far, final assay results have been received and rele...Read More
The Laiva deposit is located in Raahe, Finland and is one of the largest gold resources in the region. The mine is a conventional open pit mine with 2 pits. Source: Nordic Gold Corp.Nordic Gold Corp. [NOR-TSXV] has kickstarted Europe's newest gold mine. The company said Monday December 3 that it has completed the first gold pour at its 100%-owned Laiva Mine near Raahe, Finland. A total of 1,234 ou...Read More
The Turkish steel producers have started another working week without any deep-sea bookings due to the uncertainty in the market and sluggish demand for finished steel goods, sources said on Monday December 3.A number of market participants reported various offers and bids at the beginning of the week, but no transactions were completed, Fastmarkets was told.Some sources said that offers from supp...Read More
* Zinc stocks at lowest since Feb 2008 * Premium for cash zinc over 3-month still elevated (Updates with closing prices)By Pratima DesaiLONDON, Dec 3 (Reuters) - Prices of industrial metals roseon Monday, with copper hitting a two-month high, after theUnited States and China agreed to a truce in a trade disputethat has undermined confidence in economic growth prospects.Benchmark copper on the Lond...Read More
Turkish domestic steel scrap prices have continued to weaken in line with the falling prices for steel and imported scrap over the past week, sources said on Monday December 3.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,590-1,780 ($304-340) per tonne delivered on Monday, down from TRY1,650-1,850 per tonne on November 26.Steel producers and a maj...Read More
Comex copper prices recovered Monday morning in the US, after Chinese and US leaders decided to freeze additional tariffs for 90 days over the weekend at the G20 summit.The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped 5.40 cents to $2.8415 per lb. A temporary detente is positive for the metals markets because the ongoing uncertainty betwee...Read More
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%. The LME zinc price gained 1%, while copper was up 1.9% and recently quoted at $6,314 per tonne. Volume across the complex has, not surprisingly, been strong with 14,686 lots traded as at 6:53am London time. The precious met...Read More
Melior Resources Inc. (TSXV: MLR) is the owner and operator of the Goondicum ilmenite mine, a past-producing ilmenite and apatite mine, strategically located in Queensland Australia. We learned from Mark McCauley, Director and CEO of Melior Resources, that they have completed the restart program at Goondicum on time and on budget. As of early November, they have moved from the construction phase i...Read More
The Monday Market Minute Global stocks surge as White House says U.S. and China reach 90-day truce on tariffs, Beijing says "important consensus" reached on trade at G20 summit in Argentina.Oil rises more than 5% on news that OPEC will pursue 2019 production cuts at this week's meeting in Vienna, while U.S.-China trade breakthrough boosts bullish sentiment in beaten-down commodities.Europea...Read More
Export prices for flat steel products from the Commonwealth of Independent States continued to decrease in the week ended Monday December 3 under pressure from weak global demand.The rebound seen in the Chinese domestic hot-rolled coil (HRC) price on Monday may support the global market, however.Fastmarkets' weekly price assessment for CIS-origin exports of HRC was $460-475 per tonne fob Black Sea...Read More
* Trump and Xi agree on 90-day trade truce to negotiate * Palladium hovers below record highs hit on Friday * GRAPHIC-2018 asset returns: (Updates prices)By Swati VermaBENGALURU, Dec 3 (Reuters) - Gold climbed to its highest innearly a month on Monday as the dollar weakened after the UnitedStates and China agreed a temporary truce in their trade war.Spot gold was up 0.8 percent at $1,231.25 an oun...Read More
Updated - Bear market forces are building according market historian Bob Hoye from ChartsandMarkets.com. In his latest interview with Jim Goddard, Hoye points out that the world stocks outside of the US hit their highs in January, the month after the bitcoin bubble blew out. Those peaks foreshadowed the setup for a potential bear market in stocks.Click to listen to Bob Hoye's November 30th broadc...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index slid as far as 1059.22 for a 25 point decline before fighting back strongly, to finish the week down just 5 points at a close of 1077.52.MACD rose strongly, gaining 3.6 points to finish in the black at 0.63. RSI gained 14% or 4 points to close at...Read More
Chinese hot-rolled coil prices surged on Monday December 3 after the United States and China agreed to a truce to their trade war over the weekend, although there are doubts about the sustainability of the uptrend due to weak demand.DomesticEastern China (Shanghai): 3,690-3,730 yuan ($530-536) per tonne, up 100-120 yuan per tonneNorthern China (Tianjin): 3,620-3,650 yuan per tonne, up 150-170 yuan...Read More
China's ferrous futures continued to experience a weak first half of the day, with contracts slumping across the board during morning trading on Monday December 3 despite news of a 90-day reprieve for trade tariffs between the country and the United States.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,327 yuan ($465) per tonne, down 99 yuan per tonneMay hot-rolled...Read More
US domestic merchant bar prices remain flat due to steady market conditions, along with import prices, even though sales and purchases of material from Mexico and Taiwan have been reported in the US South and Southwest. But a rise could loom for January, sources said.Fastmarkets AMM assessed domestic 2- x 2- x 1/4-in angle merchant bar at $38.05 per hundredweight ($761 per short ton) fob mill ...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: wire rodWire rodRussia, export, wire rod, traded at $508-509...Read More
Import prices for rebar in Singapore softened further over the past week with the supply of Chinese products remaining ample.Fastmarkets MB's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $500 per tonne cfr for the week to Monday December 3, down $10-20 per tonne from $510-520 per tonne cfr a week ear...Read More
The Turkish steel producers have started another working week without any deep-sea bookings due to the uncertainty in the market and sluggish demand for finished steel goods, sources said on Monday December 3.A number of market participants reported various offers and bids at the beginning of the week, but no transactions were completed, Fastmarkets was told.Some sources said that offers from supp...Read More