An overview of the battery raw materials markets and their price moves from the past week. Read More
Elon Musk a has long track record of being long on promises and short on deliveries - literally and figuratively. His motive, as has been self-professed repeatedly on Twitter, is to torment short-sellers by driving the stock higher with fraudulent tweets. But underlying Musk's garish bravado and overtly fraudulent financial reports is a business operation that, by all indications, is slowly...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 1. China The domestic ferro-chrome spot price rose to 6,850-7,100 yuan per tonne from 6,750-6,950 yuan per tonne a week before after domestic suppliers lifted their prices following Tsingshan's announcement that it had raised its tender price by 100 yuan per tonne on February 25. The news broa...Read More
By various gauges ofvalue, the gold and gold mining sector is the most undervalued of all theinvestment sectors; that should change shortly. if we judge by the lack ofresearch coverage of gold companies we might conclude that there is littleinterest, but don't be fooled. Our analysis suggests that we are seeing one of the best opportunities ever...Read More
Adam HamiltonArchivesMar 01, 2019 The gold miners' stocks have been climbing higher on balance, enjoying a solid upleg that is gathering steam. That's fueling improving sentiment, driving more interest in this small contrarian sector. This gold-stock upleg is likely to grow in coming months, partially because of very-favorable spring seasonals. The gold stocks' second-strongest seasonal rally of t...Read More
Spot copper concentrates treatment and refining charges (TCs/RCs) firmed in the latter half of February after Chinese smelters returned to the market for March and April cargoes. Fastmarkets calculated the copper concentrates TC/RC index at $74.3 per tonne/ 7.43 cents per lb as of February 28, up marginally from $74.20 per tonne/ 7.42 cents per lb for the first two weeks of February. TCs...Read More
Mining operations at Rusal's 2.3 million-tonne-per-year Bauxite Co of Guyana Incorporated (BCGI) have been suspended for 14 days due to strike action, with no timeline for the return of workers. "Operations of the BCGI have been suspended since February 15, 2019, due to an unannounced protest of workers demanding a salary increase," a Rusal spokesperson told Fastmarkets on Friday March 1. "As of t...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
* Nickel hits six-month peak, helped by China ferrous rally * GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 1 (Reuters) - Zinc rose on Friday on concernabout shortages after inventories slid, but some otherindustrial metals were softer after factory activity in topmetals consumer China contracted.Zinc mines have been ramping up, but smelters have not beenable...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 254,086108,43953,521146,161312,638453,768474,598 Change from Prior Reporting Period 39,916-857133-13,51526,85126,53426,127 Traders 21872684755291173 Small Speculators LongShortOpen Interest 50,87130,041504,639 2,0222,42928,556 non reportable positionsChan...Read More
By: IRA EPSTEINBig volatility can create no volatility for a while, everyone worn out. Gold in a correction phase, nothing bearish looking on the weekly chart.Read More
* Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Saikat ChatterjeeLONDON, March 1 (Reuters) - The pound slipped on Fridayafter survey data showed British factories slashed jobs inFebruary, but still enjoyed its biggest weekly rise in a monthon receding fears that Britain will leave the European Unionwithout a deal.The British currency surged...Read More
Global steel scrap prices began to edge up in Turkey this week while other key markets continued to lose ground, Fastmarkets heard during the week ended Friday March 1.Turkey succeeded in recovering some of its recent losses in new bookings, but these remained sparse and mills were still reluctant to enter the market. The US market continued to stagnate while prices in Asia edged down further due...Read More
The price of shredded ferrous scrap imported into India fell by $11 per tonne this week following deals done at lower prices, sources told Fastmarkets on Friday March 1.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $328.33 per tonne cfr on March 1, down $11.11 per tonne from $339.44 per tonne cfr on February 22.Deals were heard for shredded material into...Read More
Turkish scrap import prices recovered at the end of the week on Friday March 1 with news of a fresh deep-sea cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $310.50 per tonne and 5,000 tonnes of bonus at $320.50...Read More
Oscar Gonzalez Rocha, CEO of Southern Copper Corp. Source: Southern Copper Corp.Southern Copper Corp. [SCCO-NYSE, Lima] is expected to soon receive a construction license for its long delayed US$1.4 billion Tia Maria copper project in Peru.Reuters news service is reporting that Peru is expected to grant the license ahead of the lapse of the project's environmental permit in August 2019.Companies i...Read More
South Star Mining's Santa Cruz graphite project in Bahia State, Brazil. Source South Star Mining Corp.South Star Mining Corp. [STS-TSXV; STSBF-OTCQB] said Friday March 1 that it has completed the first tranche of a previously announced $500,000 private placement that will be used to advance the company's flagship Santa Cruz graphite project in Brazil.South Star shares were active on the news, risi...Read More
Table 1: Composite of Reverse Circulation (“RC”) Drill Results at Portal 3060To view an enhanced version of Table 1, Click HereFigure 1: Map of Reverse Circulation ("RC") drill locations proximal to the 3060 Portal.Figure 2: Map of completed RC Drill Program (Phase 1 and Phase 2) on historic terraces.Results on the Phase 1 and Phase 2 targets of the historic terraces will be released i...Read More
Gold prices settled at a two-week low Thursday, giving up earlier gains in the wake of an abrupt end to the U.S.-North Korea denuclearization talks, with a stronger-than-expected reading on the U.S. economy contributing to the metal's loss for the month. U.S. President Donald Trump cut short a summit with North Korean leader Kim Jong Un after failing to reach an agreement on curbing North Korea's...Read More