Global ferro-vanadium prices weakened last week due to trader profit-taking amid sluggish spot market demand. Chinese export prices sink on weak buying interestEuropean ferro-vanadium prices weaken on profit-takingEurope vanadium pentoxide (V2O5) market softens slightly amid inactivityUS ferro-vanadium market experiences more thin trading Export prices for Chinese ferro-vanadium continued to trend...Read More
As with last Wednesday's investor excitement over suggestions of a looming pause in Fed tightening, the risk is the cheer over a trade-war ceasefire becomes a one-day wonder, Bloomberg noted.US and UK indices had closed higher yesterday while Asian markets were lower in afternoon trade today.Australia's metals and mining stocks on the benchmark S&P/ASX200 were down 0.86% overall but the gold s...Read More
Prime Minister Bruno Tshibala signed the decree, dated November 24, the wire service reported.The change had been flagged earlier this year, with cobalt royalties already increased from 2% to 3.5% under the country's new mining code which came into effect mid-year, despite strong opposition by mining companies including Glencore (LSE: GLEN). The global miner and commodities trader has indicat...Read More
Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China High-grade ore price inches up on stock-building activity Chinese physical manganese alloy price holds in spite of futures drop India...Read More
The report, Keep it in the regions: Mining and resources industry support for businesses in regional economies, is the outcome of the Industry, Innovation, Science and Resources Committ...Read More
The industrial action in protest of retrenchments at the operation has been ongoing for four weeks, with Gold Fields offering increased severance payments and better portable skills training opportunities for retrenched employees as part of a potential settlement.It also offered to extend the period over which wages lost by striking employees would be forfeited.The offer, which was developed in co...Read More
This article has been corrected to show that the Fastmarkets MB copper concentrates index should have read $88.8 per tonne/8.88 cents per lb on Friday November 30, not $87.3/8.73 cents as previously published.Diverted tonnages have been flowing into the spot copper concentrate market following unplanned outages at major smelters, boosting treatment charges (TCs) in the final two weeks of November....Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Palladium soared to a record high on Tuesday, fueled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid.Spot gold was up 0.6 percent to $1,237.81 per ounce after earlier hitting $1,241.86, the highest...Read More
Jack ChanPosted Dec 3, 2018GLD – on sell signal.***SLV – on sell signal.***GDX – on sell signal.***XGD.TO – on buy signal.***CEF – on buy signal.***GDXJ – on sell signal.***Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.Speculation remains at multi decade low.Tradable bottom remains in plac...Read More
Please Note: Most US markets will be closed tomorrow for a national day of mourning. "Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. "We are deeply saddened by the passing of President Geor...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
Fred Imbert| @foimbertPublished 15 Hours AgoUpdated1 Hour AgoCNBC.com show chapters Trading Nation: S&P 500 Nears Death Cross 5 Hours Ago |04:16 Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitter...Read More
* China copper premiums at 18-month low * GRAPHIC-2018 asset returns: (Updates with closing prices)By Zandi ShabalalaLONDON, Dec 4 (Reuters) - Copper eased on Tuesday as marketsawaited remedial action by the United States and China after thetwo countries' weekendagreement on a 90-day ceasefire in theirdamaging trade dispute. Other metals, however, clung on to the previous session'sgains, powered b...Read More
The Turkish steel scrap imports market remained quiet on Tuesday December 4, with the mills staying away from the deep-sea trade due to the uncertainty in the Asian markets.There have been a number of offers available in the market, but the mills have shown no interest so far this week.A UK supplier was said to be offering HMS 1&2 (80:20) at $313 per tonne cfr but found no takers, Fastmarkets was...Read More
Corina PonsPublished6:59PM ET Mon,3 Dec 2018Reuters exports@ (New throughout; adds quotes from Erdogan, Maduro)CARACAS, Dec 3 (Reuters) - Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country's right to export gold after U.S. sanctions last month targeted its shipments of the metal.Washington has...Read More
(Updates prices, adds analyst comment)ISTANBUL, Dec 4 (Reuters) - Turkey's lira weakened somethree percent on Tuesday amid increased expectations of an earlyloosening in monetary policyafter data showed the country'sannual inflation rate eased in November from a 15-year peak.The lira fell sharply earlier this year due to investors'concerns over the central bank's ability to respond adequately to h...Read More
Comex copper prices were little changed during morning trading in the US, with market participants still digesting news of a detente between the US and China.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched down 1.85 cents to $2.7910 per lb.Over the weekend at the Group of 20 Nations (G20) meeting in Argentina, US president...Read More
Premier Rachel Notley of Alberta.Facing a historically large discount, the Alberta government is moving ahead with a mandated reduction in its oil production in a bid to stabilize prices and protect jobs in the province.Beginning on January 1, 2019, Alberta will mandate an across the board reduction of 325,000 barrels per day, or roughly 8.7%.In announcing the measures on a nationwide television b...Read More
The Tuesday Market Minute Global stocks weaken as investors fade Monday's rally amid a lack of detail from U.S.-China trade talks and signs of an inverting Treasury yield curve.Benchmark 10-year note yields drift to 3 month lows on growth concerns, putting 2s/10s gap to just 14 basis points, the narrowest since July 2007.U.S. dollar weakens as yields head south, but pound defies markets are inve...Read More
Exploration Manager, Bruce Smith, and Chief Geologist, Rodrigo Matias, during the discovery of Amalia. Source: Radius Gold Inc.Radius Gold Inc. [RDU-TSXV; RDUFF-OTC] on Tuesday December 4 announced results from an initial drill program at the Amalia gold-silver project in Chihuahua, Mexico, where Pan American Silver Corp. [PAAS-TSX, NASDAQ] has the option to earn up to a 75% interest.Radius said...Read More