Key data from the Wednesday December 12 pricing session in Europe. Key drivers European suppliers booked several sales in the past week, narrowing the price range to 50 cents.European market sources said there was downward market pressure from Russian suppliers, but those suppliers have reported doing deals around the middle of the current European price range.European market expected to be stabl...Read More
The 45,000-acre Bristol and Cadiz Dry Lake lithium brine project is located in the Mojave Desert, San Bernardino County, California.Standard Lithium Ltd. [SLL-TSX, STLHF-OTC-Nasdaq-Int. Designation, S5L-FRA] said Wednesday it has completed the commissioning process for its prototype crystallisation pilot plant and has produced its first quantity of high purity lithium carbonate.The company, via it...Read More
Comex copper prices were unchanged during trading on Wednesday December 12 amid market hesitation after the latest round of global trade developments.The copper price for March settlement on the Comex division of the New York Mercantile Exchange was flat at $2.7670 per lb.Sentiment in commodity markets received a boost from the news that China plans to slash import tariffs on US automobiles from 4...Read More
Exploring Great Bear's Dixie Lake gold project in northwestern Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] on Wednesday released more drill results from its 100%-owned Dixie Lake project in northwestern Ontario.The latest results are from 19 holes totalling 4,290 metres from the Hinge and South Limb zones. The company said it has expanded its recent high grade...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Wednesday December 12, with average gains of 0.3%. This after the complex climbed by an average of 0.4% on Tuesday, which followed Monday's test of support levels - that held.This morning's gains were fairly tightly bunched with prices rising between 0.2% for aluminium and 0.6% for nickel. The e...Read More
Share this articleTORONTO - North American markets all closed higher on a broad-based rally fuelled by a positive outlook on China and the U.S. reaching a trade agreement.The S&P/TSX composite index gained 115.23 points to end at 14,783.06.In New York, the Dow Jones industrial average was up 157.03 points at 24,527.27. The S&P 500 index was up 14.29 at 2,651.07 while the Nasdaq composite was up...Read More
Battery electric vehicles are set to become the standard over the next few decades.It's expected that by 2040, battery electric vehicles will represent more than half of global auto sales.But the evolution of the car isn't going to stop there.The next step is to fuel cell technology.Fuel cell vehicles put out no emissions other than water vapor, have a fuel economy equivalent to about 2x that of g...Read More
Share this articleTORONTO - Canada's main stock index surged higher in late-morning trading, fuelled by the key energy, financial, industrial and materials sectors.The S&P/TSX composite index was up 186.15 points at 14,853.98.In New York, the Dow Jones industrial average was up 342.22 points at 24,712.46. The S&P 500 index was up 39.16 points at 2,675.94, while the Nasdaq composite was up 140.03 p...Read More
Brazilian pre-operational miner Sigma Lithium Resources expects the premium for high-quality lithium hydroxide monohydrate that goes into battery production to rise in the next few years while demand for electric vehicles (EVs) grows, vice-chairman Ana Cabral told Fastmarkets. "We believe prices for technical grade lithium hydroxide, at 56.5%, will fall further from now on, but premium for 90% con...Read More
Glencore has flagged customer non-performance on some of its cobalt sales in the second half of the year - a time when hydroxide supplies have ramped up and realized prices for metal, sulfate and intermediates have fallen. "We've seen some customer contractual non-performance in a weaker H2 pricing market for cobalt, which has fallen from obviously quite high levels in the first half [and has] com...Read More
As we wrote in our Monday market update, our 30-day Pharmaceuticals Indicator seems to have a decent ability to time the group's highs and lows. When the indicator peaks above 200%, it represents a strong peak in insider buying that has, at times, coincided with a base in stock prices. As of Tuesday, it appears the indicator has peaked at a level not seen since September 2017. This development sh...Read More
Trading activity in China's export hot-rolled coil market was subdued on Wednesday December 12 as buyers adopted a wait-and-see position amid rising domestic prices.DomesticEastern China (Shanghai): 3,750-3,770 yuan ($543-546) per tonne, up 40-50 yuan per tonneNorthern China (Tianjin): 3,580-3,600 yuan per tonne, up 40-50 yuan per tonnePrices in Shanghai were higher amid stronger trading. While pr...Read More
China's ferrous futures fell during morning trading on Wednesday December 12, while sentiment remains largely bearish in both the steel and the coke physical markets.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,341 yuan ($483.90) per tonne, down 16 yuan per tonneMay hot-rolled coil: 3,329 yuan per tonne, down 1 yuan per tonneDalian Commodity Exchange&nb...Read More
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil declined over the past week, resuming their previous downtrend amid weak foreign demand and lower offers from mills. Both prices were previously in a two-month slump, but stopped falling in the week ended December 4 when Chinese domestic steel markets rebounded as a result of easing trade tensions between China and the Unite...Read More
Hollow steel sections prices in Europe remained flat this week while the market mulled the implications of reaching the import quota limit, market participants said.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?635-650 ($721-738) per tonne delivered on Wednesday December 12.The hollow sectio...Read More
European prices for mesh-quality wire rod stayed flat across the Northern and Southern parts of the continent on Wednesday December 12, with the EC's import quota now more than 90% filled.Fastmarkets MB's weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe stayed at ?,?540-560 ($613-636) per tonne delivered on Wednesday.The European Commission's import...Read More
CloseGain/LossGold $1245.90+$2.90Silver$14.74+$0.19XAU68.64+2.31%HUI156.76+2.58%GDM567.53+1.60%JSE Gold1273.45+30.72USD97.02-0.40Euro113.66+0.44Yen88.34+0.12Oil$51.15-$0.5010-Year2.914%+0.035T-Bond143.21875-0.59375Dow24527.27+0.64%Nasdaq7098.31+0.95%S&P2651.07+0.54% The Metals: Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it...Read More
Source: Michael J. Ballanger for Streetwise Reports 12/11/2018 Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. -->Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silv...Read More
As a general rule, the most successful man in life is the man who has the best information Who controls the US economy? The "power of the purse" resides within the US Congress and the powers to set fiscal and monetary policy are delegated to the US Central Bank, otherwise known as the Federal Reserve. While the success of US Presidents often depends on how well the economy does during their t...Read More