CloseGain/LossOn WeekGold $1226.40+$1.30+0.69%Silver$14.63+$0.06+0.14%XAU70.09+0.05%+1.17%HUI155.58+0.07%+1.49%GDM558.84+0.35%+1.56%JSE Gold1194.92-3.89+3.52%USD95.72-0.25+0.46%Euro115.10+0.51-0.42%Yen89.12-0.25-0.07%Oil$69.12+$0.47-3.11%10-Year3.196%+0.014+1.36%Bond137.84375-0.28125-0.45%Dow25444.34+0.26%+0.41%Nasdaq7449.03-0.48%-0.64%S&P2767.78-0.04%+0.02% The Metals: G...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Pig iron suppliers to the United States have increased their offer prices amid a rebound in the price of hot-rolled coil (HRC) and a positive mood in the scrap market, sources told Fastmarkets on Friday October 19.Fastmarkets' price assessment for US imports of pig iron widened upward to $375-395 per tonne cfr on October 19, from $375-390 per tonne a week before."Russian suppliers are asking for a...Read More
• A subdued USD price action helps regain positive traction for the second straight session. • A fresh wave of global risk-aversion trade further underpins the safe-haven demand. • Gains remain capped below 2-1/2 month tops amid firming Fed rate hike expectations. Gold quickly reversed an early European session dip to $1223 area...Read More
Cryptocurrency markets have received an incredible amount of bullish news over the past few months, yet the price has barely budged. We believe this is adding fuel to the eventual fire that will ignite under cryptocurrency prices. In this article, we cover the latest bullish news and present our case for much higher cryptocurrency prices in the months ahead.NYSE Operator, ICE, Launches Bakkt Crypt...Read More
Steel slab export prices from Brazil went up marginally in the week that ended on Friday October 19, with producers starting to focus on the North American market, where activity is beginning to revive.Fastmarkets' monthly assessment of Brazil's slab export prices was $500-510 per tonne fob on Friday, up from $490-510 per tonne fob in the previous week.Brazilian companies were heard offering mater...Read More
Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.08% at?EUR?$1,226.4?EUR?a troy ounce by 1:19 AM ET (05:19 GMT).China’s economy grew 6.5% in the third quarter from a year earlier, its weakest pace sinc...Read More
Base prices for stainless steel flat and long products in Europe were unchanged in the week ended Friday October 19, but the alloy surcharges for November, which will be announced next week, are expected to decrease.A distributor had been informed that surcharges for the key grade-304 cold-rolled (CR) sheet were likely to decrease by ?,?40-50 ($46-57) per tonne, it said.If there is such a decrease...Read More
Christopher Lewis22 hours agoThe Silver markets continue to find resistance at the $15 level, while they will also find significant support at the $14 level. Ultimately, this market continues to go back and forth but I think silver is trying to form a bit of a base. At this point, I think if we can break above the $15 level, then we can go much higher, perhaps breaking towards $15.50 next, and the...Read More
The latest metal markets news and price moves to start the North American day on Friday October 19.Base metal prices have made a mixed start to morning trading on the London Metal Exchange with sister metals zinc and lead showing marginal declines against gains elsewhere.The three-month lead price has dropped below $2,000 per tonne and is now in its fourth day of declines. Still, the London m...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday October 19.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Friday, with weaker-than-expected economic data from China sparking a wave of risk-off sentiment in the base metals market.Check Metal Bulletin's live futures report here.AMG...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsAlcoa intends to shut its Spanish aluminium smelting operations at La Coru??a and Avil?(C)s, saying they are the least productive in the Alcoa system due to structural issues. BHP's zinc concentrates production rose 5% year on year in the three months ended September 30, according to...Read More
Gold futures ended higher Thursday with a decline in the U.S. stock market boosting investment interest despite strength in the dollar, which tends to put some pressure on dollar-denominated prices for the metal. On Wednesday, gold had settled lower and extended its decline in after-hours electronic trading as a benchmark U.S. dollar index climbed to fresh session highs shortly after the release o...Read More
Harvey says we are saw a lot of demand for silver yesterday with just a $.04 drop in price. Here are the details...by Harvey Organ of Harvey Organ BlogGOLD: $1227.20 UP $2.80 (COMEX TO COMEX CLOSINGS)Silver: $14.58 DOWN 6 CENTS (COMEX TO COMEX CLOSING)Closing access prices:Gold : 1226.00 silver: $14.57 I am doing the best i can to deliver you the essentials for today I could not pr...Read More
Silver prices have been getting decimated due to a strengthening dollar.The dollar is strengthening because of the Fed's rising interest rate policy.The horrid shape of the US Federal Budget will likely limit interest rates and dollar strength, and will most likely cause the dollar to fall long term.SLVO allows investors to make a long-term bet on rising silver prices and collect an income whi...Read More
Sacha Lifschitz, senior nickel trader at London-based Concord Resources, has left the company for personal reasons, Fastmarkets understands.Lifschitz declined to comment at the time of publication, while...Read More
The Comex copper price rebounded in the US morning on Friday October 19 despite weak growth in China, with potential further stimulus from the Chinese central bank expected. The copper price for December settlement on the Comex division of the New York Mercantile Exchange rose 2.70 cents to $2.7735 per lb. China's economic growth slowed more than expected in the third quarter of this year to the w...Read More
The global metals industry gathered in force last week in London for what remains, despite recent spin-off conferences elsewhere in the world, the largest and longest-established such event for the raw materials sector.London Metal Exchange (LME) week is a time of taking stock - of prices in the underlying markets, the state of the industry, the global political and economic backdrop and, closer t...Read More
Private equity firm Waterton Global Resource Management, which now owns about 7% of Hudbay Minerals (TSX, NYSE: HBM) said Friday it would call a special shareholder meeting of the Canadian base and precious metals miner after it refused its proposal for board changes.Waterton is asking Hudbay to replace some members of its board, as well as agree to a moratorium on acquisitions.Waterton is asking...Read More
NAIROBI, Oct 19 (Reuters) - Kenya plans to set up a gold refinery to help small scale miners in the west of the country, the Petroleum and Mining Ministry said on Friday, and the government is seeking consultants to advise on its construction.Kenya has proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. However, revenues are expect...Read More