Woodsmith Mine aerial view, August 2019. (Image courtesy of Sirius Minerals.) Sirius Minerals (LON:SXX), the British junior struggling to build a huge fertilizer mine beneath the North Yorks Moors national park, has set up the timetable for Anglo American's ?405 million (about $524m) planned takeover and opened a helpline to explain to shareholders why they should accept it."There is no alterna...Read More
The silver miners' stocks are looking interesting. While they really lagged silver's surge on gold's bull-market-breakout rally last summer, their upleg since remains intact. Gold stocks' own upleg peaked in early September. And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher. When that happens during gold's next upleg, the silver stocks have b...Read More
The London Metal Exchange price of nickel fell by more than 3% on Friday February 7 after reaching a temporary high of $13,210 per tonne.And nickel's closing price dropped to $12,770 per tonne, in a day that saw more than 6,300 lots traded.LME nickel stocks in LME-registered warehouses were now just below 204,000 tonnes, with 3,576 tonnes of fresh cancellations seen in the LME's daily stock report...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Zinc and lead concentrate treatment charges (TCs) declined in January amid illiquid market conditions, with the Chinese Lunar New Year limiting trade and concerns building that the effects of coronavirus will cap market demand.Fastmarkets' assessment of zinc concentrate TC, cif China, dropped to $285-310 per tonne on January 31, from a multi-year high of $285-315 per tonne the month prior.January...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 7.China The seaborne price of low-grade manganese ore rose after buyers accepted higher offers for March-delivery cargoes.Higher alloy and portside ore prices also supported the high- and low-grade seaborne markets.Hebei Steel, China's second-largest steel mill - raised its tender price...Read More
Adam HamiltonArchivesFeb 07, 2020 The silver miners' stocks are looking interesting. While they really lagged silver's surge on gold's bull-market-breakout rally last summer, their upleg since remains intact. Gold stocks' own upleg peaked in early September. And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher. When that happens during gold's ne...Read More
The coronavirus outbreak in China has severely disrupted logistics in the country, creating a shortage of available truck drivers and rail freight cars, with transport between provinces severely disrupted."We haven't delivered any materials for the moment because transportation has been delayed due to the coronavirus [situation]," a magnesia producer told Fastmarkets on Friday February 7."Currentl...Read More
IGO's Peter Bradford predicted an "explosion" of copper and nickel demand.Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday February 7. China Coronavirus-related raw material supply disruptions and road transport restrictions pushed up domestic price. Tightened road transport measures made it hard to find trucks to deliver alloy from smelters to stainless steel mills, sources said. Trading activity in U...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 355,90956,10361,212176,786508,473593,907625,788 Change from Prior Reporting Period -20,4929,794-24,844-15,514-44,641-60,850-59,691 Traders 22766735855311174 Small Speculators LongShortOpen Interest 60,66528,784654,572 -117-1,276-60,967 non reportable posi...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessFEBRUARY 2020Yield inversions as a harbinger of recessions and higher gold pricesBy: Michael J. Kosares, USA GoldDuring the course of the past several months, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed...Read More
By Avi GilburtBelieve me when I tell you that I so want to be uber-bullish the metals at this time based upon the larger degree structure, especially in silver. However, I have to also outline the micro structures, and I simply do not have a clearly completed micro structure in gold. Whereas silver has certainly provided us with the minimum number of waves to consider its wave [2] as complet...Read More
By: Ira EpsteinMarkets trying to figure this out. You could get a situation where gold benefits. Gold has been in a bit of a corrective mode on the weekly..Read More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The inter-merchant spot market for light iron scrap in the UK dropped by 11.1% in the week ended Friday February 7, with domestic prices broadly reflecting similar moves in the European export markets to Turkey and the Indian subcontinent over the same period, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant,...Read More
WoodMac's best case scenario is that demand from this sector would be delayed to later this year. "As a result, we believe that there is now a significant downside risk to our forecast of 0.Read More