(Kitco News) - Gold prices are moderately lower in early-afternoon U.S. trading Wednesday, on a normal corrective pullback from recent solid gains that saw prices hit a 10-week high earlier this week. A big rebound in the U.S. stock market on Tuesday is also denting any safe-haven demand for gold and silver markets today. A rally in the U.S. dollar index today also worked against the precious meta...Read More
Prices for rebar produced and delivered in Northern Europe remained stable over the week ended Wednesday October 17, with buyers unwilling to commit to purchases beyond the very short term at a time of high uncertainty.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-570 ($637-660) per tonne on October 17, with almost no new deals reported.There were reas...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our...Read More
The following Fastmarkets noble alloys and ores prices changed on Wednesday October 17:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.90-12.00 per lb from $12.00-12.15 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg...Read More
(Kitco News) - Miners have to just wait out the cannabis frenzy until the bubble pops for investor capital to flow back into the metals space, this according to mining executives and fund managers.Marijuana stocks are approaching pre-2001 Nasdaq levels of overvaluation, and it's not a matter of "if," as much as it is a matter of "when" the cannabis space collapses on the same s...Read More
(Kitco News) - Gold may have a hard time making much forward traction in the months ahead but at some point should gain upward momentum in 2019 as the U.S. dollar loses some of its strength, said Metals Focus Wednesday. The consultancy provided a summary from its report titled “Precious Metals Investment Focus 2018/2019,” which covers gold, silver, platinum and palladium. The report is...Read More
The following Fastmarkets minor metals prices changed on Wednesday October 17:Antimony MB free market regulus, $/tonne: $8,150-8,500 per tonne from $8,400-8,600Antimony MMTA standard grade II, $/tonne: $8,150-8,450 per tonne from $8,400-8,600Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 51,000-51,500 yuan per...Read More
Key data from the Wednesday October 17 pricing session in Europe. Key drivers The European ferro-titanium price range dropped again, extending price losses from the previous week on persistently low demand, which is encouraging cheaper offer prices. Some dealers are away due to holidays in Europe, which has cooled trading activity. Reported trades...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday October 17.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Wednesday after sentiment improved following strong gains in global equity markets.Check Metal Bulletin's live futures report here.Weakness was felt in aluminium premiums ar...Read More
The next Tech Talk is scheduled to be released on Monday, October 22nd, 2018. Please join us then.Sponsored By...More from the network: Stock Market Outlook for November 2, 2018Stock Market Outlook for November 1, 2018Stock Market Outlook for October 31, 2018Stock Market Outlook for October 30, 2018Stock Market Outlook for October 29, 2018Read More
Ferrous scrap dock buying prices on the US East Coast weakened further despite the lack of fresh bulk sales, with the downward trend that started a week ago trickling into another export region, according to market sources.No cargoes were sold from either US coast over the past week, leaving bulk prices flat yet again. But - similar to the declines seen in Boston last week - some market participan...Read More
The stainless steel scrap market in the United States remains weak, with prices pressured by rising inventories at scrapyards, prompting some dealers to turn to the export market."Consumer melt schedules remain strong, but they just do not need much scrap right now," one major US processor source said."The export market has strengthened, with prices stronger in India, and Rotterdam has reported be...Read More
Domestic prices for ferrous scrap in Italy have been largely unchanged over the past month due to a good balance of supply and demand, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy remained at ?,?275-285 ($318-330) per tonne delivered on Thursday October 17, compared with ?,?270-290 per tonne delivered in September."The Italian scrap....Read More
Brazilian exports of pig iron totaled 187,026 tonnes in September this year, falling by 18.60% from 229,641 tonnes in the corresponding month in 2017, according to national foreign trade ministry MDIC.The main reason for the fall in exports was the reduced volume of deliveries to the United States.The North American country received 93,804 tonnes of Brazilian pig iron last month, down by 23.30% in...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreGlobal Ore, 170,000 tonnes, 62% Fe Brazilian Blend fines, sold at...Read More
Dear Reader,I have two stories to share with you today.They say that a picture is worth a thousand words. Study the diagrams below and see if you can pick up some of the distinctions between the two stories. If you’re financially intelligent, you can see important distinctions in the diagrams.Here is the first story:Here is the second story:The Power of Cash FlowThe first diagram depicts the...Read More
Seaborne iron ore prices went up on Wednesday October 17 amid bullish sentiment and a surge in the paper markets.MB 62% Fe Iron Ore Index: $73.36 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.39 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.75 per tonne cfr Qingdao, up by $2.05 per tonne.MB 58% Fe Premium Index: $61.4...Read More
As the end of October approaches, I’m noticing tombstones popping up in a number of my neighbor’s yards.Of course, my kids are getting excited about Halloween and binging on as much sugar as possible over the next few weeks. But while the fake tombstones in my neighborhood have my kids excited about candy, I’m seeing a number of Wall Street tombstones popping up in my daily resea...Read More
The seaborne coking coal spot market strengthened on Wednesday October 17 after end users outside of China snapped up cargoes at higher prices.While a November-laycan cargo of a top Australian brand was sold to a southern Chinese mill at $216 per tonne cfr China, an East Asian steelmaker paid $225 per tonne fob Australia for a similar shipment during the day, according to various sources.A 50,000-...Read More
- 2018 drill program expands the known Copper King mineralization- The eight-hole drill program was designed to further assess the westward extension of the Copper King deposit, initially intersected within the 2017 step-out hole, CK17-01rc- Multiple thick zones of copper, gold, zinc, and silver mineralization were intersected in five of the eight recently drilled holes- In addition, this new min...Read More