(Kitco News) - While the world continues to react to the election of Brazilian populist president Jair Bolsonaro, some government officials don’t expect this to have much impact on the nation’s plan to develop its national resource.In an exclusive interview with Kitco News ahead of the October runoff election, Pedro Bruno Barros De Souza, secretary of public policy coordination, said t...Read More
Australian lithium spodumene miner Neometals reported that it had achieved slightly higher production volumes in the July-September quarter in a results statement published on Wednesday October 31.Neometals increased its output by about 1.68%, producing 111,023 tonnes of lithium spodumene in the quarter, compared with 109,183 tonnes produced in April-June.Output of higher-grade lithium spodumene (...Read More
(Kitco News) - Large speculators rebuilt their bearish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, yet this may have been a temporary phenomenon, with prices since rising again amid a fall in the U.S. dollar, analysts said. During the week-long period to Oct. 30 covered by the CFTC’s report, Comex December g...Read More
(Kitco News) - Gold has bounced in a $20 range since the end of October. Discounting the drop on Oct. 31, which we believe was fund selling to grab some profits for client-statement purposes to offset losses in the equity space, gold has remained in a very tight range. Good economic numbers on Friday helped to strengthen the dollar, but gold remained resilient into the weekend. The technical pictu...Read More
Lithium spodumene miner Tawana Resources reported a quarter-on-quarter production increase of 63% from operations at Bald Hill in Western Australia in July-September this year, in a results statement for the third quarter published on Wednesday October 31.The Australian miner produced 28,419 tonnes of lithium spodumene in the quarter ended on September 30, compared with 17,403 tonnes in the previo...Read More
Since breaking above $1240, gold has gone back into churning mode. The fact that gold continues to make higher lows and is holding its support levels, we expect it to break out to the upside. The next level we expect to see is $1,275 as gold looks prepared to go into an extended rally. All signs point to gold breaking out, which could create an extended bull market. The metals in general gave held...Read More
Ferro-tungsten prices in Europe dropped on good material availability last week, while the ammonium paratungstate (APT) market was quiet with little spot business concluded and the market awaiting further direction. APT prices edge down in China; European prices stable amid little spot activity Ferro-tungsten prices fall in Europe on good material availability Concentrates market under pressure fr...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Lowes (LOW $96.82) is expected to open lower after the company announced closure of 20 U.S. and 31 Canadian stores on February 1st. Cost is estimated at $0.28-$0.34 per share. Exxon Mobil (XOM $81.95) is expected to open higher after JP Morgan raised its target price to $97 from $94.Under Arm...Read More
Turkish domestic auto bundle scrap prices have gone down in line with falling domestic rebar prices, while ship scrap prices have risen thanks to strong imported scrap values, sources said on Monday November 5.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-1,940 ($322-357) per tonne delivered, widening downward from last week's TRY1,830-1,940 per tonne....Read More
Seaborne iron ore prices strengthened on Monday November 5 amid fears of supply disruptions in Australia.MB 62% Fe Iron Ore Index: $75.74 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.77 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.30 per tonne cfr Qingdao, up $2.34 per tonne.MB 58% Fe Premium Index: $66.92 per tonne cfr Q...Read More
The seaborne coking coal spot market was largely stable on Monday November 5 with sellers still unwilling to budge from their offers just yet.A cargo of branded materials was traded on Global Coal at $216.50 per tonne fob Australia late last Friday, market sources told Fastmarkets.This is $7.50 per tonne lower than the price for a cargo of the same brand of materials that was sold last week, accor...Read More
Ferrous futures in China registered mild movements during morning trading on Monday November 5, with the impact of winter steelmaking restrictions and the potential for easing tensions between the country and the United States being factors to watch out for over the rest of the month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,034 yuan ($585) per tonne, down...Read More
The conventional wisdom is that if you go to school and get good grades, you'll be successful. In reality, the only success doing well in school guarantees is success in school. Many valedictorians have learned the hard way that success in school does not mean success in the real world of business and investing. The real world is a whole new game-an exciting, fast-paced game where different rules...Read More
Calgary, Alberta (November 5, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce the appointment of Ms. Yuying Liang as Chief Financial Officer of the Company effective today.Ms. Liang has vast expertise in financial reporting services for both public and private companies. She has extensive experience in public company...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 2. China The Chinese silicon export price remained stable week on week amid slow spot trading activities. Consumers are waiting on the sidelines due to ample inventories, while most Chinese export traders are not in rush to sell on anticipation of tightening supply during the approaching the dry season when re...Read More
Global antimony prices continued to trade under pressure in both China and Europe amid weak demand, despite a new round of environmental inspections beginning in Hunan province last week.In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,500-51,000 yuan ($7,241-7,312) per tonne on Wednesday October 31, down 1% from 51,000-51,500 yuan per...Read More
Spot cobalt prices held steady in the first few days of November trading, although trade remained thin as consumers focused on locking in their 2019 requirements in preference to anythingmore than essential spot top-ups. Fastmarkets MB assessed low-grade cobalt prices at $33.50-34.45 per lb and high-grade cobalt prices at $33.50-34.45 per lb, in-warehouse, on Friday November 2, both unch...Read More
Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Metal Bulletin prices...Read More
Most forecasts before tomorrow's midterm elections in the US, which sees Senate and House of Representative seats up for grabs, are forecasting a change in the House and no change in the Senat...Read More