Eastern China's hot-rolled coil prices weakened further on Friday June 14, with rising inventory levels putting pressure on sellers.DomesticEastern China (Shanghai): 3,800-3,810 yuan ($549-550) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,780-3,790 yuan per tonne, unchangedThe domestic market remained inactive despite sellers making price cuts.A Tianjin-based trader pointed out tha...Read More
Seaborne coking coal prices were largely stable on Friday June 14 following a series of transactions a day earlier.A transaction involving a cargo of premium mid-vol hard coking coal was heard to be under negotiation at around $201-203 per tonne cfr China. There was no word of the transaction being concluded at the time of writing."The price sounds too high for the current market but the seller is...Read More
China's domestic rebar market resumed its downtrend on Friday June 14 on declining futures, with prices expected to fall further on mills' higher steel output. Domestic Eastern China (Shanghai): 3,870-3,900 yuan ($559-563) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,830 yuan per tonne, down 10 yuan per tonneWhile rebar futures moved upward in the first half of the day, th...Read More
Nickel's three-month price on the London Metal Exchange was higher during morning trading on Friday June 14, climbing by just under 1% while the rest of the complex edged lower. The metal's futures price has improved throughout the week, but has failed to break above $12,000 per tonne. Supporting the uptrend however, LME nickel stocks continue to drift lower at 163,122 tonnes on Friday, their lowe...Read More
Three-month base metals prices on the London Metal Exchange were mixed so far on Friday June 14, reflecting deteriorating sentiment in broader risk markets amid the recent uptick in tensions in the Middle East and while global trade tensions overhang.Military officials from the United States have released a video of what they say shows Iran's Revolutionary Guard removing an unexploded limpet mine...Read More
Key data from the June 14 pricing session in London Key drivers- Cobalt prices continue to drift lower, with sellers open to cheaper bids to achieve sales early in what is expected to be a quiet few months for buying. Demand is slow and potential buyers are happy to hold out for expected lower prices in the coming weeks. Some sources have reported receiving minimum call-offs...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday June 14:Minor metalsBismuth MB China domestic, yuan/tonne: 41,500-43,500 yuan per tonne from 40,500-42,000 yuanChromium MB free market alumino-thermic, $/tonne: $7,580-7,850 per tonne from $7,750-7,950Cobalt...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Three-month base metals prices on the London Metal Exchange were mixed so far on Friday June 14, reflecting deteriorating sentiment in broader risk markets amid the recent uptick in tensions in the Middle East and while global trade tensions overhang.Military officials from the United States have released a video of what they say shows Iran's Revolutionary Guard removing an unexploded limpet mine...Read More
European stainless steel prices have been largely stable this week despite coming under pressure from a number of market factors, with mills seeming determined to avoid any erosion of their production margins, sources told Fastmarkets on Friday June 14.Fastmarkets assessed the price of grade-304 cold-rolled (CR) stainless steel sheets at ?,?2,190-2,250 ($2,472-2,539) per tonne delivered in Norther...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Index futures responded to news that May industrial production in China increased less than consensus.Equity index futures were virtually unchanged following release of May Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.6% versus an upwardly revised gain of 0.3% in April. Ac...Read More
PRIVATE BLOG - Gold & the Summer RallyPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
The Bank of International Settlements under Basel-III changed the status of gold as a reserve asset effectively on April 1, 2019. Gold used to be viewed by the banks as a risky asset and classified under "Tier-3", which meant it was considered risky and could only be carried on the books at 50% of the market value for reserve purposes. Naturally, gold has historically been classified as a...Read More
Americans owe a record $1.04 trillion in credit card debt, up from less than $854 billion five years ago. That's an average of $6,354 per person, and they're paying 17%, 19%, or more in interest on that balance. If you fall into this group, it's because you spend more than you bring in. So how can you break the habit without taking a vow of poverty? Start by not spending money on things that are u...Read More
The land package containing Red Pine Exploration's (TSXV: RPX) Wawa gold project in Ontario hosts numerous historic mines that in their heyday produced more than 120,000 oz. gold.The largest gold deposit Red Pine has identified so far on the property, 2 km southeast of the town of Wawa, is called Surluga, and this week the company updated a 2015 resource estimate, and marked an increase in grade,...Read More
". @BacanoraL is an AIM listed lithium development company focused on Mexico and we delighted to welcome them to the stage at Mining Journal Select. Watch Bacanora Lithium and other mining companies present this month in London https://t.co/RaSwBFb7RA#MJS #MJSelect"Read full newsRead More
What has begun is the dismantling of due process and the systematic expansion of systems that can be mined for data... and no one is safe.Read full newsRead More
Today, our Greg Miller is going to explain whyRead full newsRead More
"IAMGOLD Reports Further Results from Its 2019 Drilling Program on the Lac Gamble Zone of the Rouyn Gold Project, Quebec https://t.co/6mt5rx3x5b"Read full newsRead More