Prices for rebar imported into the United Arab Emirates decreased in the week to Tuesday October 30 with demand remaining weak.The billet import market was also slow because the mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastm...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesIt also upped its forecast zinc production but reduced its gold guidance by 20,000 ounces. Cash flows from operating activities rose 8% on the previous quarter, ...Read More
London Metal Exchange members will be permitted to clear via London even if no Brexit deal is reached, although it remains unclear whether this reprieve would also apply in the event of Brexit being agreed with a deal on March 29, 2019.European Commission vice-president Valdis Dombrovskis said in media reports on Tuesday October 30 that the move was designed to ensure a catastrophic impact on clea...Read More
The P1020 cif Baltimore premium in the United States dropped considerably this week, largely due to the depressed Midwest duty-paid premium.Fastmarkets AMM's assessment of the cif Baltimore premium put it at 5.75-6.25 cents per lb on Tuesday October 30, down by 11.1% from 6.5-7 cents per lb one week earlier. Meanwhile, Fastmarkets AMM's assessment for the Midwest duty-paid aluminium...Read More
An extremely robust U.S. equities markets along with dollar strength put slight pressure on gold pricing today. The roller coaster ride that defines the U.S. equities market continues to oscillate strongly with significant gains today immediately following yesterday's dynamic selloff. Yesterday the Dow Jones Industrial Average traded within a range of over 900 points. Trading to a high which was a...Read More
Benchmark A380.1 and A413.1 prices in the United States tightened on Monday due to mounting pressure from the persistently wide spread between A380.1 and non-ferrous auto shred and a competitive North American special aluminium alloy contract (Nasaac) price on the London Metal Exchange.Fastmarkets AMM's assessment for A380.1 secondary aluminium alloy narrowed downward by a penny week on week to 90...Read More
(Kitco News) - Optimism is high among delegates at the London Bullion Market Association’s 2018 precious metals conference, even as general investors continue to ignore the sector.In a conference poll, 682 attendees said that they see gold prices rising to $1,532 an ounce by the next conference in 2019. The outlook comes as gold prices struggled to hold on to last week’s three-month hi...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 30.Please click...Read More
BOSTON - (Kitco News) - While there is no clear consensus on where gold is going in the near term, the one thing most participants at the LBMA 2018 precious metals conference can agree on that nobody is paying much attention to the space. “Gold is almost absent in traditional asset management,” said David Seif, director and economist at Point72, in a panel discussion at the conference...Read More
Bullish...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Su...Read More
LME aluminium prices back at levels...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
(Kitco News) - Gold prices are modestly down in early-afternoon U.S. trading Tuesday. A strongerU.S. dollar index that scored a new for-the-move high today is weighing on the precious metals markets. A rebound in the U.S. stock market so far today is also a negative element for the safe-haven gold and silver markets. December gold futures were last down $2.10 an ounce at $1,225.40. December Comex...Read More
Comex copper prices tumbled to a mid-September low on October 30 morning in the US amid rising bearish sentiment in the equity market, a rising dollar and ongoing worries regarding the trade war between the US and China.The copper price for December settlement on the Comex division of the New York Mercantile Exchange tumbled 5.70 cents to $2.6835 per lb. Earlier in intraday trading, the contract h...Read More
Aluminium LME aluminium prices remain under pressure after...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus dow...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday October 30*Copper -$147.06 (-1,026.81 yuan) Aluminium -$434.25 (-3,032.13 yuan) Zinc -$96.83 (-676.11 yuan) Nickel $500.55 (3,495.02 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using...Read More
Week in review The LME 3M...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&#...Read More
BOSTON - (Kitco News) - Gold and palladium are the darlings of the precious-metals sector, but one analyst is paying more attention to dark horses silver and platinum.In an interview with Kitco News during the London Bullion Market Association annual conference, Johann Wiebe, lead precious metals analyst at GFMS, Refinitiv, formerly the Thomson Reuters Financial and Risk Unit, said that while gold...Read More
The latest metal markets news and price moves to start the North American day on Tuesday October 30.Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday October 30 due to a firm dollar index, with nickel the only metal to gain on investor dip-buying.A firm dollar put downward pressure on the SHFE base metals this morning. The dollar index ha...Read More
Mine and refined output still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Prices succumb to selling pressure and break down......ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the l...Read More