Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday July 4, with price movements largely subdued by a national holiday in the United States while volumes traded were markedly lower.Over the afternoon, tin's three-month price continued its ascent back above $18,000 per tonne, climbing by more than 4% to close at $18,350 per tonne.The metal was subject to i...Read More
The Encrypto Watch designed by Franck Muller (And partnered with Regal Assets) can cost you in the range of $9,800 and $55,880. These watches have a built in cold storage system to safely protect your crypto currencies. You can view the entire collection here or learn more about the features and editions below. These timepieces use the Bitcoin Safetly Orange CYMK and the dial itself is designed us...Read More
Base metals prices on the London Metal Exchange were mixed across morning trading on Thursday July 4, with low liquidity capping three-month prices in broadly narrow ranges.Overnight, tin's three-month price continued to stabilize above the $18,000 per tonne level after falling by more than 6% at Tuesday's close.Forward spreads have also been favorable in tin, with the benchmark cash/three-month r...Read More
Key data from the July 4 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $318.10 per tonne on Thursday July 4 from $319.28 per tonne on the previous day. It remains at its lowest since August 2017 and is down by 12% from $363.08 per tonne on June 4.Chinese free market, metallurgical grade alumina fell to 2,700-2,750 yuan ($400.20) per ton...Read More
Growth in South African manganese ore exports continued to slow in the first six months of 2019, shipping data shows. Manganese ore exports from South Africa climbed by about 8% to 8.97 million tonnes in the first six months of the year from the same period in 2018.This compares with an increase of 17% year on year between January-June 2017 and January-June 2018. In the relevant period of 2017, ex...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. 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 Fastmark...Read More
The S&P500, Dow Jones and Nasdaq rose as US data pointed to slowing economic growth, fuelling hopes of further interest rate cuts.Gold rose back over US$1,400 an ounce and was worth close to US$1,419/oz on the spot market earlier.The world's biggest gold miner Newmont Goldcorp (NYSE: NEM) touched a one-year high intraday and closed up 0.8%.Iron ore has continued to rise, to $127.15 per tonne f...Read More
It is understood they were trapped for about 24 hours after the service shaft at the Cory mine stopped operating on Tuesday afternoon.The mine was in a planned maintenance shutdown, according to reports."All 34 miners are safe and have access to water and food," the United Steelworkers union tweeted while the group remained underground.Nutrien spokesman Will Tigley told local media late Wednesday...Read More
The new company, Metso Outotec Corporation, will be run by current Metso CEO Pekka Vauramo with Outotec chief Markku Terasvasara deputy CEO along with CFO Eeva Sipila.Metso Minerals, the dominant business of Metso Corporation, was the world's ninth biggest METS company in Mining Journal's 2019 Global METS Investment Report, which had Outotec ranked at No.17.The projected €4.2 billion combined...Read More
Mining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. It is not the first time environmental activist alliance, the Kalikasan People's Network for the Environment,...Read More
Dr. Ron Paul & Chris Waltzek Ph.D. - July, 2nd, 2019.* Mp3.HighlightsFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar. In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event could mark the beginning of...Read More
Curious about how companies can better attract millennial investors? Jim Cramer has some thoughts about what millennials want when it comes to investing. And it's more than just being more eco-friendly, although that's a huge part. Here's what Cramer had to say on the topic: "I think that sustainability is a way to bring in millennial investors, staying out of landf...Read More
While US equities remain upbeat on expectations for looser monetary policy, the base metals continue to reflect the soft economic conditions brought about by the lack of a United States-China trade deal.The strong rebound in gold after the recent correction suggests some investors remain nervous about what lies round the corner.US stocks close at record levels with the S&P 500 closing in on the 3,...Read More
Gold futures notched back-to-back session gains on Wednesday, settling at their highest in over six years as expectations grew for loose global monetary policy, boosting the appeal of the yellow metal. International Monetary Fund head Christine Lagarde's nomination to lead the European Central Bank and those of Christopher Waller and Judy Shelton by President Donald Trump have supported a rush to...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. 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 Fastmark...Read More
With members of Congress calling for a halt on Facebook's (FB - Get Report) cryptocurrency plans, the executive in charge of the project, tried to dissuade concerns in a blog post on Wednesday. David Marcus, a former president at PayPal (PYPL - Get Report) who's now in charge of Facebook's Libra project, took to (where else?) Facebook to address some of the blowback from lawmake...Read More
Gold prices rallied on Tuesday, with the yellow metal recouping much of the hefty declines from a day earlier, when it posted the sharpest single-session decline in more than a year. Investors favored haven assets, such as gold, on the back of weakness in the U.S. dollar and losses in the U.S. stock market. Safe havens shined brightly Tuesday "as global slowdown worries are growing," said Edward...Read More
The European Commission (EC) should remove its 5% import quota increase as it makes safeguard measures ineffective and puts jobs in the EU steel segment at risk, the European steel association (Eurofer) said on July 3."We call on the EC to heed our call and those of member states that have already expressed concerns about the rise - and to respond by undoing this out-of-step expansion before it fu...Read More
Our home is overrun with family today.Aunts, uncles, grandparents, mothers, fathers, and a gaggle of kids running around the yard, playing tag and climbing trees.We have plenty of beer in the fridge, most of it from a local brewery, but I threw a six-pack of Coors Light in the back for my uncle who refuses to drink "fancy beer."We'll nosh on hamburgers, Polish sausages, homemade sauerkraut, and pl...Read More
China's hot-rolled coil prices were unchanged on Thursday July 4 although trading activity dropped in the afternoon after futures declined amid chatter that a group of Chinese steelmakers has planned a working group to study the import iron ore market where prices have hit record highs this year.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($565-567) per tonne, unchangedNorthern China (Tianj...Read More