The entirety of copper's London Metal Exchange forward curve ended the day in a backwardated state on October 15, with fears of supply tightness taking over metals across the board. Zinc reached its highest prices in over a decade while tin climbed to new all-time highs.  Copper's benchmark cash/three-month spread on LMESelect - the Exchange's electronic platform - touched a $350-per-tonne b...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Compa??ia de MinasBuenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals miningcompany, today announced that the company has submitted a request to thePeruvian minister for mines and...Read More

NEW YORK (Reuters) - Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to buy and sell more stocks and bonds,...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Avino Silver & Gold Mines(TSX: ASM) today reported that production of 285,464 silver equivalent ounces,consisting of 77,935 ounces of silver, 1,183 ounces of gold, and 685,535 poundsof copper, was achi...Read More

Fastmarkets copper concentrate treatment charge/refining charge (TC/RC) edged down this week, with few inquiries for spot tonnages, sources said on Friday October 15.TCs for smelters remain in the low-to-mid $60s, a level still well below the Chinese pricing floor of $70 per tonne/7 cents per lb.As for trader purchases, a tender for Escondida concentrate...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - China's Ganfeng Lithium, theworld's largest lithium metal producer, said today that in Q3 2021, the companyexpects net profit of between RMB915,200,000 (~$142 million) andRMB1,092,000,000 (~$170 millio...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - China's Zijin Mining Grouptoday announced that in the nine months period ended 30 September 2021 (9M2021), the company's net profit was RMB14.5 billion (~$2.3 billion), 151%higher than in the same peri...Read More

Oct 15 (Reuters) - U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery.Goldman Sachs (GS.N) gained 2.7% as a record wave of dealmaking activity drove a surge in the bank's quarterly profit. read moreOther big lenders, including...Read More

(Reuters) - Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly making misleading statements and making illegal transactions.Firms doing business as Tether agreed to pay $41 million to resolve CFTC charges they made misleading claims about Tether's cryptocurrency stablecoin, the C...Read More

Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday October 15.China?EUR?The ferro silicon price in China narrowed downward following a correction of a previous rally. But market sentiment remained quite positive since Qinghai issued an orderly electricity usage plan. This said that electricity usage can be divided into four levels, each corresponding to a...Read More

LONDON/HONG KONG, Oct 15 (Reuters) - Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts.Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally has been fuelled in part...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Mountain Province Diamonds(TSX: MPVD) yesterday announced that in Q3 2021, 1,562,105 carats wererecovered from the Gahcho Ku?(C) diamond mine, located in Canada's NorthwestTerritories, which is 13% lowe...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More

WASHINGTON, Oct 15 (Reuters) - The World Bank-International Monetary Fund Development Committee on Friday urged the bank to take additional steps to "assure the integrity and credibility of data" in the wake of a data-rigging scandal involving its now-canceled "Doing Business" report that embroiled IMF Managing Director Kristalina Georgieva.The panel, which acts as the steering committee for the W...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - In the European session gold has met some selling pressure at the$1800/oz resistance zone. In recent sessions, the precious metal has enjoyed agood run especially post FOMC. The risk environment has be...Read More

September iron ore shipments dropped 2% year-on-year to 83.4 million tonnes, but were up 9% quarter-on-quarter. Shipments for the first nine months of 2021 were down 2% to 237.5Mt.Read More

Adam HamiltonArchivesOct 15, 2021The battered gold stocks are bouncing hard, blasting higher over the past couple weeks! That's despite the Fed still looking to soon start slowing the pace of its epic money printing. Fed-tightening fears had weighted heavily on the precious-metals realm since June. Gold stocks' sharp rally confirms they have started mean reverting much higher after withering capit...Read More

Key data from Fastmarkets' pricing sessions in India, Europe, China and the United States on Friday October 15.China ?EUR?Silico-manganese prices continued to rally in portside ore markets while an improved demand outlook buoyed the seaborne manganese ore markets. ?EUR?Some South African miners raised their offer prices for November-shipment manganese ore, which was accepted by Chinese buyers fo...Read More