A summary of base metals premiums from across the globe for the week to Tuesday November 27.Please click...Read More
Base metals prices on the London Metal Exchange were lower at the close of trading on Tuesday November 27, with tin's three-month price hitting its lowest point since August 2016 amid strength in the dollar index. Reaching an intraday low of $18,215 per tonne, tin futures have fallen more than 7.3% from the November 19 high of $19,700 per tonne. The metal's LME price remains broadly impervious to...Read More
Bob Moriarty ArchivesNov 27, 2018Lorimer Wilson January 24, 2011$5,000 Gold Bandwagon Now Includes 85 Analysts!More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous progno...Read More
A lack of sufficient alumina supply has caused European aluminium producer Trimet to cut alumina input at its plants in Germany and France by 10%, the company told Fastmarkets. "Trimet expects to resume to full capacity in early 2019," Thomas Reuther, member of the board at Trimet Aluminium SE, said in a statement, referring to primary production that uses alumina as a raw material. The company co...Read More
Chrome ore and ferro-chrome markets were subdued in China in the week ended Friday November 23 ahead of December ferro-chrome tender announcements. UG2 prices hold in ChinaCharge chrome import prices hold in China, domestic alloy prices edge lowerAlloy prices hold in Japan, weaken in South KoreaAlloy prices continue lower in Europe Chrome ore and ferro-chrome prices were largely stable in China o...Read More
Fastmarkets MB proposes to launch an assessment of chrome ore inventories at the main Chinese ports of Tianjin, Qinzhou, Lianyungang and Shanghai to monitor the changes to stock flows of this raw material and help market participants better understand supply and demand in the physical market. The rapid accumulation in Chinese chrome ore inventory this year put pressure on chrome prices as well as...Read More
A lack of sufficient alumina supply has caused European aluminium producer Trimet to cut alumina input at its plants in Germany and France by 10%, the company told Fastmarkets. "Trimet expects to resume to full capacity in early 2019," Thomas Reuther, member of the board at Trimet Aluminium SE, said in a statement, referring to primary production that uses alumina as a raw material. The company co...Read More
Almost 82,000 shares in the company changed hands with the price rising C20c yesterday to 60c, despite any official news.Its shares had last Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), is pleased to announce that one of the largest herb growers in the Midwest U.S., Mariposa Farms, has made the switch away from petroleum-based PET packaging to good natured (R) plant-based materials.With a presence across 15 states supplying retailers such as Walmart, Hy-Vee, and Price Chopper as well as...Read More
Europe's largest copper smelter Aurubis has shut three of its four copper smelters for unplanned maintenance, the company acknowledged today.The plants in Hamburg, Pirdrop and Luenen have a combined annual production capacity of 990,000 tonnes or 3.5% of world output.Shares in Aurubis are down by 16% since the smelting company announced yesterday that third-quarter profits would be materially affe...Read More
Chrome ore and ferro-chrome markets were subdued in China in the week ended Friday November 23 ahead of December ferro-chrome tender announcements. UG2 prices hold in ChinaCharge chrome import prices hold in China, domestic alloy prices edge lowerAlloy prices hold in Japan, weaken in South KoreaAlloy prices continue lower in Europe Chrome ore and ferro-chrome prices were largely stable in China o...Read More
Fastmarkets MB has discontinued the Indium Corp ingots min 99.97% $ per kg price. After a month-long consultation period, Fastmarkets MB has decided to cease the publication of the Indium Corp ingots min 99.97% $ per kg fob price owing to an understanding that the existing specifications no longer serve the market. Fastmarkets MB is committed to the indium market and will continue to track its evo...Read More
CloseGain/LossGold $1215.00-$7.50Silver$14.14-$0.11XAU63.55-1.82%HUI143.71-1.99%GDM526.50-1.91%JSE Gold1105.78-21.46USD97.36+0.31Euro112.95-0.39Yen88.02-0.12Oil$51.56-$0.0710-Year3.053%-0.014T-Bond139.90625+0.125Dow24748.73+0.44%Nasdaq7082.70+0.01%S&P2682.20+0.33% The Metals: Gold edged up to $1225.20 by a little after 8AM EST before it fell back to $1212.00 in early afternoon New York tra...Read More
by John Mauldin via Forbes.comA Worldwide Debt Default Is A Real PossibilityIs debt good or bad? The answer is "Yes."Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don't have cash yet.Whether it's wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vac...Read More
Most investors are cautious. Nothing is rising, be it stocks, commodities or bonds. Sitting on cash is the favorite pastime of traders and investors. There will be short term certain direction after the G20 meeting and US November nonfarm payrolls on 7th December. It is just keeping a hawk eye and making the right investment. Do invest with the herd. Herd trading can result in more losses than p...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Umit Bektas | ReutersGold fell to its lowest in more than a week on Tuesday as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue hiking interest rates.Spot gold fell 0.66 percent to $1,21418 per ounce, after touching its lowest since Nov. 16 at $1,213.94...Read More
A lack of sufficient alumina supply has caused European aluminium producer Trimet to cut alumina input at its plants in Germany and France by 10%, the company told Fastmarkets. "Trimet expects to resume to full capacity in early 2019," Thomas Reuther, member of the board at Trimet Aluminium SE, said in a statement, referring to primary production that uses alumina as a raw material. The company co...Read More
The share of basic oxygen furnace (BOF)-based steel production in Asia may increase from 2019 onward, even as more integrated mills are commissioned in the region. There are at least six new BOF-based steelmaking projects in China and Southeast Asia which are either in development stages or will fire their blast furnaces between 2018 and 2023, according to World Steel Association head of technolog...Read More
Drilling operatiuons at Tinka's Ayawilca Project in Peru. Source: Tinka Resources Ltd.Tinka Resources Ltd. [TK-TSXV] has announced an updated mineral resource estimate for its 100%-owned Ayawilca zinc and tin deposits in Peru.The 150 km2 Ayawilca project is located 40 km northwest of Cerro de Pasco in the richly mineralized silver-lead-zinc belt of central Peru. It ranks as one of the largest zinc...Read More
Comex copper prices remained under-pressure Tuesday morning in the US amid reduced trading activity, a stronger dollar and anticipation over Chinese and US leaders' meeting in Argentina later this week.The copper price for December settlement on the Comex division of the New York Mercantile Exchange in the United States declined 2.40 cents to $2.7315 per lb. Ahead of the G20 meeting in Argent...Read More