Trading on AIM under the new ticker, ARK, started on March 22. All new share certificates issued for ordinary shares will reflect the new name, although existing share certificates with the old name will remain valid. The company has also changed its Twitter handle and website address to reflect its new name. The name 'Arkle' was taken from the Irish race horse who...Read More
U.S. manufacturing activity eased to the lowest level in nearly two years this month, according to a private reading published Friday, pulling Wall Street lower and piling more pressure on the Treasury yield curve, which inverted for the first since in more than ten years. IHS Markit's flash reading of overall activity in the world's biggest economy was pegged at 54.3 points, well above the 50 m...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
By: IRA EPSTEINYield curve inversion on the treasury bond markets, market issuing warning signs. Gold gained on the day as the stock market went down. People ran to safe havens:Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 204,325115,92968,691186,704302,363459,720486,983 Change from Prior Reporting Period -925-10,502-6,520-5,3251,860-12,770-15,162 Traders 19368815256280176 Small Speculators LongShortOpen Interest 54,44327,180514,163 -3,097-705-15,867 non reportable position...Read More
So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I'd said might mark an important top. Thursday's muscular short squeeze impaled this 'Hidden Pivot' resistance, leaving the futures above it at the close. It also put in play an alternative scenario I'd mentioned i.e., a move above 3,000. The chart shows a 'secondary pivot' at 3005.63 that can serve for now as a minimu...Read More
An overview of the minor metals markets andthe reasons for any price moves.An overview of...Read More
Global scrap prices have gone up slightly except in Vietnam during the working week from Monday March 18 to Friday March 22, with demand being seen in Turkey only later in the week. Turkish steel producers returned to the market at the end of the week US ferrous scrap export prices up Vietnam ferrous scrap prices fall on weak demand Taiwanese prices rise on higher offers India on holidayTurkey imp...Read More
Excellon's La Platosa silver mine in Durango, north-central Mexico. Source: Excellon Resources Inc.Excellon Resources Inc. [EXN-TSX; EXLLF-OTC] has revealed that a portion of the concentrates produced at its Miguel Auza processing facility in Mexico was recently stolen while in transit to the port of Manzanillo, Mexico.Details of the alleged theft are reported in a March 21, 2019 news release co...Read More
Austenitic alloy steel scrap prices edged higher in Europe this week in reaction to more stable nickel costs. The three-month official bid/offer spread for nickel on the London Metal Exchange was $13,010/13,020 per tonne on Friday March 22, compared with $12,945/12,960 per tonne on March 15.This...Read More
The Ularring Hematite Project located 450 km east-northeast of Perth, Western Australia. Source: Macarthur Minerals Ltd.Macarthur Minerals Ltd. [MMS-TSXV; MMSDF-OTCQB] shares rallied sharply Friday March 22 after the company moved to clarify certain statements contained in a March 21, 2019 release entitled Macarthur Minerals Signs 10-year iron ore off-take agreement for the Lake Giles Iron Project...Read More
Prices for light iron steel scrap in the United Kingdom have been rolled over this week amid steady trading while regular inter-merchant business and firm demand from major shredders support the market, sources told Fastmarkets on Friday March 22.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-110 ($118-145) per tonne on March 22. The current...Read More
The Turquoise Ridge Mine in Nevada, owned as to Barrick 75%/Newmont 25%. Source: Barrick Gold Corp.Paulson & Co. Inc., a substantial shareholder in Newmont Mining Corp. [NEM-NYSE], said it will not support the U.S. gold mining giant's proposed US$10 billion acquisition of Goldcorp Inc. [G-TSX; GG-NYSE] in its current form.However, Paulson said it would back a revised deal where Goldcorp shareh...Read More
The Friday Market Minute Stocks slide after European manufacturing PMI falls to lowest level since 2013, while a new orders index hits a 2012 trough, as trade disputes hammer exports in the world's biggest economic bloc.US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's...Read More
With three-month base metals prices on the London Metal Exchange having come off their weekly highs, most metals remained under selling pressure and have continued to consolidate this morning, Friday March 22.The initial weakness seen in the dollar index following the surprisingly dovish tone struck by the US Federal Open Market Committee (FOMC) at the conclusion of their meeting on Wednesday prov...Read More
Ontario's government is working for the people by supporting tourism in Sault Ste. Marie through an investment in new Paper Mill district attractions, creating eight new full- and part-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced the provincial government is investing $5 million to help the Sault Ste. Marie Economic Deve...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic lithium spot market stabilized in the week ended Thursday March 21 after price dips a week ago, while assessments in the seaborne markets weakened on low demand and thin trading activity. China's battery-grade lithium carbonate and hydroxide prices were steady after slight price decreases last week. Lithium prices in China remain under downward pressure due to continued low d...Read More
The U.S. natural gas pipeline system is simultaneously one of America's most impressive and despised feats of engineering.The Energy Information Administration says there are about 3 million miles of mainline and other pipelines in the U.S. that connect producers to consumers.In 2017, the EIA says the network moved a whopping 25 trillion cubic feet of natural gas to 75 million customers.The Americ...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne.Fastmark...Read More