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
The price of austenitic stainless steel scrap in the UK domestic market widened upwards on slightly firmer nickel costs, sources told Fastmarkets on Friday February 7. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-790 ($972-1,024) per tonne on Friday, up...Read More
Turkish steel producers continued to book deep-sea scrap cargoes at the end of the week to replenish their low stock levels, sources said on Friday February 7.A steel mill in the Iskenderun region booked a US cargo at $260 per tonne cfr for HMS 1&2 (80:20), although the cargo breakdown was not clear at the time of publication.This compares with a previous US cargo sold at a similar price on Thursd...Read More
The broad-based rally across markets that started on Monday finally halted this morning and consolidation is setting in. And, given there is still so much uncertainty around the impact of the Wuhan coronavirus (2019-nCoV), a pause for reflection seems logical.This is especially so for the metals markets, with China such a big player on both the demand and supply side of the equation and where...Read More
Ontario's government is helping the Shingwauk Education Trust (SET) provide culturally relevant education to its Indigenous students, contributing to their future success.Today, Ross Romano, Minister of Colleges and Universities and MPP for Sault Ste. Marie, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced an investment of...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
An overview of the battery raw materials markets and their price moves from the past week.Read More
Today is Friday, February 7, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,572.70. It's up 0.40% from yesterday and up 20....Read More
Today is Friday, February 7, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of BP Prudhoe Bay Royalty Trust (NYSE: BPT), Denbury Resources (NYSE: DNR), and Archrock (NYSE: AROC).BP Prudhoe Bay Royalty Trust (NYSE: BPT)BP Prudhoe Bay Royalty Trust (NYSE: BPT) is a $156.86 million company today with a one-year return of -69.58%. Let's look at its price-to-e...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb. Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $/lb...Read More