Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 closed at a record high Thursday, rebounding from a mid-day dip after President Trump hinted at a military strike against Iran in response to the shooting down of a U.S. drone over international waters. Oracle (ORCL - Get Report) rose after the enterprise software company topped analysts' earnings and...Read More
Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 20, settling at its highest level since May 24, while the rest of the complex was buoyed by dollar weakness and strong figures from the United States labor market. The metal's three-month price reached an intraday high of $12,390 per tonne, closing at $12,300 per tonne while total volumes tr...Read More
The International Lead and Zinc Study Group (ILZSG) has indicated a slight uptick in global production for both zinc and lead across January-April of 2019, while global zinc demand remains in question against a 1.3% fall in global usage.Across January-April of this year, lead mine production climbed up by 0.7% to 1,544,000 tonnes from 1,534,000 tonnes over the same period in 2018. Refined lead met...Read More
Key data from the June 20 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $332.38 per tonne - a fresh low since August 24, 2017 - on Thursday June 20 from $338.71 per tonne on the previous day. Key drivers:The market remains under pressure due to the presence of several unplaced cargoes in the market for July and September. Buyers ar...Read More
AMG Vanadium has selected a new Ohio location for its second spent catalyst processing facility as part of its planned expansion to roughly double its annual ferro-vanadium and ferro-nickel-molybdenum production. With the new facility, AMG Vanadium - a subsidiary of Amsterdam-based AMG Advanced Metallurgical Group - will expand its overall spent catalyst recycling capacity by 35,000 tonnes and its...Read More
IMPERIAL MININGGROUP, symbol IPG on TSXV at .07 cents a share is a newly created (2018)Qu?(C)bec?EUR?based exploration and developer of base metal, gold and technology metalsdeposits. Imperial (IPG) was originally a private corporation and acquiredassets of two Canadian exploration companies "Peak Mining" and "NQExploration." The market for the sma...Read More
Key data from the June 20 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $332.38 per tonne - a fresh low since August 24, 2017 - on Thursday June 20 from $338.71 per tonne on the previous day. Key drivers:The market remains under pressure due to the presence of several unplaced cargoes in the market for July and September. Buyers ar...Read More
The hit of 622m grading 0.6% copper and 0.2 grams per tonne gold from 204m depth (including 188m at 0.9% copper and 0.Read More
Metals trader Trafigura has refuted claims from Iceberg Research, the analytics outfit that launched an explosive campaign against Noble Group, that it has overvalued "hundreds of millions [of dollars] in debt securities issued by an associate."Iceberg's claims - made in a report published on Wednesday June 19 - center on Trafigura's valuation of debt securities linked to its Porto Sudeste asset,...Read More
-Gary TanashianIt's not a chart of nominal HUI with upside technical targets. We'll do that in NFTRH this weekend, along with the usual individual miners. Rather, it's a companion to other charts we've been reviewing over the last several months showing the under valuation of the gold stock sector relative to gold's performance vs. cyclical assets/markets. For example, gold has risen strongl...Read More
- Steve St. Angelo, SRSrocco Report After five long years, the gold price has finally broken through a key resistance level and is now heading towards $1,400. When the Fed announced possible rate cuts starting in July, after the market closed, the gold price shot up and continued higher during Asian trading. If gold closes above $1,400 by the end of the month, it could be setting the stag...Read More
- Gary SavagePost FOMC update:Read More
Gold prices shot to their highest settlement since 2013 on Thursday, as investors flocked to the metal after the U.S. Federal Reserve left key interest rates unchanged but shifted away from its "patient" stance on monetary policy. "Central banks everywhere are preparing to cut rates and re-start [quantitative easing], opening up a new front in the global trade war," said Adrian Ash, director of re...Read More
The need for flexible sourcing of direct-reduced iron (DRI) production feedstock will continue over the next three to five years, market participants said at Fastmarkets' 7th World DRI and Pellet Congress in Dubai this week.Steel mills in the Middle East and North Africa (Mena) region are using alternative DRI feedstock such as [lower iron content] blast furnace-grade (BF) pellet and lump iron ore...Read More
Gold prices settled lower Wednesday, easing back from the previous day's settlement at their highest in 14 months, then climbed after the U.S. Federal Reserve left key interest rates unchanged, but shifted away from its "patient" stands on rates. In a statement that followed the gold futures' settlement, the Fed held benchmark interest rates steady between 2.25%-2.50%. However, officials also sai...Read More
Steel producers in Turkey passed the day without any deep-sea bookings while they digested falling prices, sources said on Thursday June 20.After booking a US cargo at lower prices on Wednesday June 19, the mills went quiet in the deep-sea markets.A steel mill in the Iskenderun region had booked the US cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $278.50 per tonne and 7,000 tonnes...Read More
Gold prices climbed on Tuesday to settle at their highest in 14 months, as comments made by European Central Bank President Mario Draghi were seen as setting the stage for lower interest rates. Draghi's comments came ahead of the U.S. Federal Reserve's monetary policy statement due Wednesday. While Fawad Razaqzada, technical anlalyst at Forex.com, does not expect the central bank to announce a cu...Read More
More dovish central bank talk, this time from the US Federal Open Market Committee (FOMC), has pumped fuel into the price rebounds in equities, bonds and the metals this morning, Thursday June 20.Markets had started to rebound at the start of the week on the back of optimism that a US-China trade talks may start making progress again, but prices then consolidated on Wednesday.FOMC leaves door open...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb Click her...Read More
Pilbara Minerals will restrict its lithium production in June and July due to reduced demand in the second quarter of 2019 caused by delays in the commissioning of chemical conversion capacity by the company's key offtake partners in China. Delays to the construction of chemical conversion capacity at Ganfeng Lithium and General Lithium resulted in lower-than-expected sales of lithium spodumene th...Read More