Austenitic steel scrap prices in the UK and Europe increased in the week ended Friday April 5, with mills agreeing to increase what they will pay for the nickel component in the material, traders have told Fastmarkets.When mills purchase austenitic steel scrap, the nickel component of that scrap is priced as a percentage of the London Metal Exchange nickel price. While sources routinely decline to...Read More

Markets NFP Trade Talks Brexit Gold Mixed start ahead of jobs report It’s been a mixed start to trading on Friday, as we await the latest jobs report from the US. US futures are marginally higher but we have lost a little momentum. That may simply be because we’re awaiting the latest labour market data from the US, a report that is arguably the most closely followed each mo...Read More

GFI's FY 2018 operational performance suffered a setback during FY 2018.Despite the unimpressive performance, share prices were supported by a rally in gold prices.The gold price rally finally seems to have found some ground.GFI needs to witness the strong operational performance, particularly from the South Deep mine.Thesis Gold Fields Ltd. (GFI) is one of the largest gold miners in the world...Read More

President Jair Bolsonaro's election is bullish for companies like Petrobras.Continued debt reduction focus is bearing fruit.Future growth could propel the stock to new highs as Petrobras is rising from the deep.Petr??leo Brasileiro S.A. - Petrobras (PBR) has been a wreck over recent years as its debt has gotten out of control for one of the world's premier energy companies. Newly elected Presi...Read More

Source: Michael J. Ballanger for Streetwise Reports 04/03/2019Michael Ballanger discusses recent movements in the stock and precious metals markets.Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to...Read More

Mayday, mayday, we are sinking! The global economy is slowing down. How serious is the current slump? We invite you to read our today’s article about the true condition of the world’s economy and find out what are its likely implications for the precious metals market. Will Global Slowdown Support Gold, or Is It Just Temporary? Economists and market analysts often make volte-face. We r...Read More

Bitcoin Gold is the market leader today after the price broke above the 50 SMA 1-hour. BTG/USD hits a snag at $18.00 as the reaction to a double-top pattern starts. The crypto market is mainly in the green following the steady return of the bulls. Selected cryptocurrencies like Bitcoin Gold and Ripple are recording double-digit gains on Friday. Other cryptos in the top twenty are up 1.5% to 7% o...Read More

Kevin Song will join ThyssenKrupp on May 2 as its head of base metals trading on the company's new Asian desk, he told Fastmarkets MB.Song currently works at Awin Resource International, based in Singapore, which he joined in 2017 as a senior trader of zinc, lead and...Read More

The London Metal Exchange has received an application to list grade-I cobalt cut cathodes produced by Norilsk, it specified in a note to members on Friday April 5.The application marks the first time a new brand has been listed since the LME opted to suspend brand listing fees for new cobalt brands on March 26, 2019. Produced in the Murmansk region in Siberia, Norilsk produces cobalt cathodes...Read More

Copper's three-month price on the London Metal Exchange depreciated at the close of trading on Friday April 5, falling by just under 2% over the week and dipping below $6,400 per tonne during the afternoon session amid low volumes and a surging US dollar index. Similarly, Thursday's delivery of more than 30,000 tonnes into LME-listed warehouses across Europe and Asia helped boost copper's dwindlin...Read More

Ted's confirmed it, and he says that expectations for a government crack-down on market manipulation is now just a faint hope. Here's why...by Ted Butler via Silver SeekA recent interview with former CFTC Commissioner Bart Chilton nearly knocked me off my feet because it confirmed what I have alleged, starting more than 12 years ago. I'll include the interview later, but first I will set the backg...Read More

The price of copper in the United States was in negative territory in morning trading on Friday April 5 because of reservations about the China-US trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down by 0.30 cents per lb to $2.9070 per lb.Talk of a trade deal had boosted sentiment across the commodities markets, including among the b...Read More

Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More

Fortuna Silver Mines (TSX: FVI; NYSE: FSM) reported a jump in resource tonnes and ounces exclusive of reserves at its Lindero gold project in Argentina and estimates the project will produce between 145,000 and 160,000 ounces of gold in its first year of commercial production.The company reported measured and indicated resources for Lindero of 18.9 million tonnes (a 51% increase over earlier esti...Read More

Copper producers must collectively raise their game to improve the metal's ethical and green credentials as ageing mines require more water and energy to produce the same amount of metal, one of BHP's most senior executives said on Friday.Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy as its properties as an electricity conductor hand it a lea...Read More

ULAANBAATAR - A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto's Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project's political problems.The Gobi desert copper deposit promises to become one of Rio Tinto's most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoi...Read More

The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More

Copper's three-month price on the London Metal Exchange depreciated at the close of trading on Friday April 5, falling by just under 2% over the week and dipping below $6,400 per tonne during the afternoon session amid low volumes and a surging US dollar index. Similarly, Thursday's delivery of more than 30,000 tonnes into LME-listed warehouses across Europe and Asia helped boost copper's dwindlin...Read More

Volkswagen Group has reached a memorandum of understanding with lithium producer Ganfeng Lithium for long-term lithium supply.Volkswagen Group has signed an MoU for the long-term supply of lithium for battery cells with lithium producer Ganfeng Lithium The agreement establishes that Ganfeng will supply Volkswagen Group and its suppliers for 10 years. The companies did not specify volumes, agreed p...Read More

Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More