The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More
Ore and alloy prices were stable in most global spot markets in the week ended Friday July 12, with excess supply continuing to put pressure on producers. UG2 ore price, cif China, ticks up; Turkish lumpy ore stable Charge chrome market in China unchanged High-carbon ferro-chrome range ddp Europe widens Ferro-chrome in Japan ticks upward.Falls in the market for chrome ore stalled last week amid su...Read More
"I've never been poor, only broke. Being poor is a frame of mind. Being broke is only a temporary situation." Mike Todd, movie producer, Elizabeth Taylor's third husband; 1903-1958 "It wasn't raining when Noah built the ark." Warren Buffett, Business magnate, investor, speaker, philanthropist, CEO Berkshire Hathaway, b. 1930 "Beware of inside information...all inside information." Jesse Liverm...Read More
By Avi GilburtI can no longer count how many times I have been told that "squiggly lines cannot predict the market." Yet, anyone who has tracked us over the long term knows how successful we have been at predicting many major market turns and targets with these "squiggly lines." In fact, we have done so in many markets including metals, equities, Forex, bonds, etc.The issue that many have with o...Read More
By signaling a move toward easing, Powell has made ready to cushion the U.S. against an economic slowdown that has been gathering force around the world. Although it is never wise to fight the Fed, we should be very guarded this time, scanning the horizon for signs of monetary-policy fissures. They are not likely to be obvious right away, since loosening will initially have a bullish impact on...Read More
The prices of vanadium in both Europe and the United States softened in the week ended Friday July 12 on continuously weakening demand, while prices in China stabilized amid thin spot trading activity. Chinese ferro-vanadium market stalls amid low spot activity European ferro-vanadium prices drop to less than $30 per kg, weak demand continues V2O5 prices in China move up amid rising buying interes...Read More
The three-month tin price on the London Metal Exchange fell by 2% at the close of trading on Monday July 15, dipping below the nearby $18,000 per tonne support level despite a predominantly positive trading session for the rest of the complex. Trading volumes were high for tin over the afternoon, with more than 450 lots of tin exchanged by the close. The metal's three-month price reached an intrad...Read More
Here are five Fastmarkets MB stories you might have missed on Monday July 15 that are worth another look.In copper, the World Bank's International Centre for Settlement of Investment Disputes has awarded $5.84 billion in damages to Tethyan Copper Co Pty Ltd, Antofagasta said on Monday July 15. Separately, Fastmarkets summarizes five key points to take away from the one-day Yantai Copper...Read More
What is an alkaline-related gold system? How to tell it apart from other auriferous mineralizations? Why is it important?Below, I present a brief introduction of the alkaline gold system, highlighting its salient characteristics.In picking gold mining stocks, investors should recognize the implications of potential occurrence of alkaline-related gold mineralization.Image credit Alkaline-related ep...Read More
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More
Over 150 years of research exists with respect to manipulation of American commodities markets. This is not a new phenomenon.Research shows that excessive short or long positions in commodities futures abnormally affect their market prices, similar to the stock and bond markets.Research also shows that excessive short future positions covering amounts beyond typical production lower commodity pric...Read More
James Hyerczyk18 hours ago (Jul 15, 2019 6:43 AM GMT)Gold rallied last week, but the price action was disappointing, given the magnitude of the news driving the movement in the other markets. The key news event last week was Federal Reserve Chairman Jerome Powell’s testimony before Congress at which he finally acknowledged the economy was weakening enough for Fed policymakers to consider a...Read More
Stainless steel prices in Asia are set to remain supported in the near term amid improved domestic demand in China and a surge in nickel prices following news of Indonesia's plan to ban the export of ores, including that of nickel, by 2022."My customers have stepped up their purchases of stainless steel, having limited their procurement rates earlier this year," a Wuxi-based trader who sells to th...Read More
The three-month tin price on the London Metal Exchange fell by 2% at the close of trading on Monday July 15, dipping below the nearby $18,000 per tonne support level despite a predominantly positive trading session for the rest of the complex. Trading volumes were high for tin over the afternoon, with more than 450 lots of tin exchanged by the close. The metal's three-month price reached an intrad...Read More
China's hot-rolled coil prices bounced back on Monday July 15 after the futures market strengthened after the release of economic data for the first half, while expectations of a drop in supply provided additional support.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($559-562) per tonne, widening upward by 10 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 20 yuan per...Read More
Seaborne coking coal prices softened further on Monday July 15 despite buying activity generated by keen interest from China.A cargo of premium mid-vol hard coking coal was traded at around $186 per tonne cfr China, sources said during the day.This is $6 per tonne higher than the fob Australia price for a cargo of the same brand that changed hands last week. It is also about $4 per tonne lower tha...Read More
SD Outlook: There's not much room on this train, and the conductor just shouted "all aboard"...We have all been afforded time.Give thanks to God, give thanks to the cartel, or give thanks to whatever or whoever you want to give thanks to.Because we all have had extra time to prepare.We have had time to prepare to convert our wealth into real, physical gold and silver, which will not only preserve...Read More
Silver (NYSEARCA: SLV) is an important cog in the precious metals world. Not only is it a core precious metal but it is often a leading indicator for metals bulls.Silver is a good risk-on / risk-off indicator. When it is out-performing Gold, it is risk-on. When it is under-performing, it is risk-off. It's been the latter for the better part of the past 8 years.And when the trend remains down, whic...Read More
The domestic Chinese ferro-silicon price fell by 2.3% week on week on Friday July 12 despite tighter supply, while the European market continued to fall on slow downstream demand. Chinese domestic market dropped 2.3% while the export price was unchanged. Europe market fell by 1.3% on thin demand and reduced offers in the market. US prices were unchanged with a few deals concluded with...Read More
High-grade manganese ore prices jumped in China for the first time since April because of consumers favoring higher-quality material. High-grade material jumps by 4.8%Low-grade ore rises steadilySilico-manganese prices slide in China but hold in IndiaSilico-manganese prices rise in Europe, USFerro-manganese prices hold in Europe, US High-grade manganese ore prices jumped on Friday July 12 due to i...Read More