Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Comex copper prices recovered during mid-week trading, with shallow trading temporarily benefiting the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 3.75 cents to $2.6985 per lb.Markets are expected...Read More
Merry Christmas everyone! I know that I promised I would try and get the latest newsletter out before Christmas, alas, I got close to finishing it off but then got caught up with the holiday season… and spirit.It’s been an extremely tough (brutal) year in the markets, and there’s a ton of things to say, but you know, sometimes you just have to find a way to put that aside and re-...Read More
Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that's lost its way as a home for gold miners.While Toronto, Johannesburg and Sydney have long hosted the biggest producers, London vies with New York as the world's premier gold trading hub and its financiers have bankrolled the industry since the development of South Africa's giant gold fiel...Read More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The electric vehicle (EV) industry has undergone rapid development this year, with a rise in global EV sales volumes prompting continuous growth in demand for China's spherical graphite. This demand, coupled with tightening supply in the country, has kept prices for the material well supported.Rising demand from EV sector pushes China's graphite exports upChinese exports of spherical graphite, inc...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized (HDG) coil edged up during the week ended Wednesday December 26 following a two-week decline, with most mills no longer in a rush to secure overseas sales.Major mills in China generally lowered their asking prices for both products, but only accepted smaller discounts on their offers for confirmed bookings, in contrast to t...Read More
China's hot-rolled coil prices were little changed on Wednesday December 26 both domestically and in the export market amid sparse trading.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($540-544) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,650-3,660 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices in Shanghai were as high as 3,740-3,750 yuan per...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
China's rebar prices were unchanged on Wednesday December 26 both in the domestic and the export market, aslower billet charges offset higher futures prices. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($543-548) per tonne, unchangedNorthern China (Beijing): 3,610-3,650 yuan per tonne, unchangedTangshan billet prices decreased 40 yuan per tonne to 3,350 yuan per tonne on weak dem...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar East China, domestic, grade...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
Seaborne iron ore prices were rangebound on Wednesday December 26 amid conservative trading activity.MB 62% Fe Iron Ore Index: $71.39 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.22 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.60 per tonne cfr Qingdao, up $0.08 per tonne. MB 58% Fe Premium Index: $63.67 per tonne cf...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
CloseGain/LossGold $1266.20-$2.80Silver$15.03+$0.26XAU69.98-0.81%HUI159.81-1.23%GDM580.69-0.94%JSE Gold1359.59+42.78USD97.04+0.55Euro113.52-0.69Yen89.97-0.71Oil$46.22+$4.6910-Year2.770%+0.036T-Bond144.53125-0.90625Dow22878.45+4.98%Nasdaq6554.36+5.84%S&P2467.70+4.96% The Metals: Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold of...Read More
COLORADO SPRINGS, CO, Dec. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for December 2018 payable on January 23, 2019 to shareholders of record as of January 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with...Read More
By David HaggithUntil you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed one wall of worry after another, and the problem was that the economic data did not confirm it.BloombergThat's right. The market was not rising for the past ten years due to a healthy underlying economy. On the contrary, the market was rising due to the...Read More
Dear Friend of GATA and Gold:Thanks to GATA's old friend, gold market analyst John Brimelow, publisher of Brimelow's Gold Jottings letter, for calling attention to Dennis Gartman's comments about GATA in today's edition of The Gartman Letter:"The major news over the weekend is from GATA, a group that in the past has found fault with The Gartman Letter on an all-too-regular basis over the years f...Read More