The Castle mine. Photo by Canada Cobalt Works Canada Cobalt Works (TSXV: CCW) announced the discovery of unexpected high-grade gold in addition to more high-grade cobalt, silver and nickel at its Castle mine in Ontario, Canada.In a press release, the company said the unanticipated finding was made following initial assay results from multi-directional and very short underground drill holes on the...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday January 3, settling at its lowest level since December 10 last year amid a steady uptick in inventories, while tin futures also suffered over the afternoon to close at a monthly low.Nickel's underlying price on the LME closed at $13,755 per tonne on Friday afternoon, showing a 3.3% downturn agains...Read More
Shanghai copper premiums have dropped to their lowest level in almost three years on slack spot demand for imported cathodes ahead of Lunar New Year. Fastmarkets' copper grade A cathode premium cif Shanghai stood at $35-48 per tonne on Friday January 3, down slightly from $38-50 per tonne a day ago. The benchmark premium, which is often viewed as an indicator of appetite for imported refined...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 3. China Seaborne prices of both grades of manganese ore in China strengthened further after some sellers successfully increased their offer prices. Many Chinese buyers accepted higher offer prices out of fear of missing out on relatively limited availability of cargoes available...Read More
Bob Moriarty ArchivesJan 3, 2020We have a young new year; gold and silver are having their usual post Christmas boost as the end of year artificial selling stops. Investors should look forward to a number of companies releasing interesting and perhaps even exciting news in the next couple of weeks.I wrote extensively aboutan interesting Wits analog deposit in Brazila couple of years ago owned by T...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 3. China The UG2 chrome ore price rose in response to improved buying appetite and higher offer prices. The stronger price, together with higher transport costs in winter, halted the recent downtrend in domestic ferro-chrome prices. The charge chrome import price inched lower in...Read More
Shanghai copper premiums have dropped to their lowest level in almost three years on slack spot demand for imported cathodes ahead of Lunar New Year. Fastmarkets' copper grade A cathode premium cif Shanghai stood at $35-48 per tonne on Friday January 3, down slightly from $38-50 per tonne a day ago. The benchmark premium, which is often viewed as an indicator of appetite for imported refined...Read More
Adam HamiltonArchivesJan 03, 2020 Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, tha...Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The inter-merchant spot price for light iron scrap in the United Kingdom was unchanged on Friday January 3 because many traders have not yet returned to work after the year-end holiday period, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?90-105 ($119-138) per tonne on Friday, unchanged since mid-Dece...Read More
The price of ferrous scrap imported into India rose this week in response to positive sentiment on the return of traders to the market after the Christmas and New Year holidays, sources told Fastmarkets.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $312.17 per tonne on Friday January 3, up from $307.54 per tonne on Friday December 27. Deals were heard for shredded scrap at...Read More
The Turkish steel producers have now seen a second week with no deep-sea scrap import bookings because of the year-end holiday periods, which traditionally slow down market activity, sources said on Friday January 3.The Turkish mills have been quiet since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment turned negative late in the week because of the downturn in the...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The debate over climate change has turned eyes to the sky.According to the U.S. Department of Energy, air travel is responsible for 2% to 3% of total domestic carbon emissions in America. They say U.S. air travel consumes about 3.5 quadrillion BTUs of jet fuel, which produces 175 million metric tons of CO2 per year.To put that into perspective, the EPA says a typical passenger vehicle emits about...Read More