The London Metal Exchange three-month lead price slipped below an important resistance level in unexceptional trading conditions in the morning of Friday November 8. The three-month lead price recently traded at $2,099 per tonne, with some 1,000 lots exchanged as of 9:20am London time. The price fell from an intra-morning high of $2,114.50 per tonne and traded as lows as $2,084 per tonne - its che...Read More

China's domestic rebar prices retreated on Friday November 8 amid concerns over supply being channeled southward from the northern region amid falling temperatures.Eastern China (Shanghai): 3,700-3,740 yuan ($530-536) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, down 10 yuan per tonnesRebar futures were subdued during the day with traders anticipating w...Read More

China's hot-rolled coil prices slid on Friday November 8 after trading activity thinned further.DomesticEastern China (Shanghai): 3,520-3,540 yuan ($500-503) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 20 yuan per tonneA Shanghai-based trader said trading activity continued to thin during the day amid declining futures, which led to spot prices falling...Read More

The flip-flip nature of headlines surrounding trade talks between China and the United States is calling the tune in the markets; there was initial weakness on news that a signing of a partial trade deal would be delayed, but markets then turned higher after it was announced that progress had been made with both sides agreeing to remove some tariffs.This morning, Friday November 8, markets are giv...Read More

An overview of the minor metals markets and their latest price moves.Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. The Canadian Dollar slipped 0.17 to 75.58 U.S. following release of the October Canadian Employment Report at 8:30 AM EST. Consensus is an increase in employment of 15,000 versus a gain of 53,700 in September. Actual was a decline of 1,800. Consensus for the October Unemployment Rate was...Read More

Stainless steel prices in Europe stabilized on Friday November 8 after falling ?,?100 per tonne a week ago, but market participants told Fastmarkets that poor demand and plentiful supplies were still a major issue.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,433-2,489) per tonne on November...Read More

Dear Rich Lifer,October has come and gone: the leaves have changed, Halloween is behind us, and winter is speedily approaching. If you happen to live, or own a home in an area that is prone to snow, ice, and freezing temperatures in the winter, then it is time to start preparing your home for the coming cold.While winterizing your home may not be the most exciting task, doing so is crucial. Many o...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 8. China  The high-grade manganese ore index recovered some of the recent losses after a number of large sales were made above the previous week's index.  Seaborne low-grade manganese ore prices slid amid persistently weak market sentiment and lower producer offers.  An incre...Read More

Dear Rich Lifer,When people start thinking about saving money, they often look for areas to cut costs, and gym memberships are usually one of the first line items to get cut.It makes perfect sense – with some gyms charging upwards of $200 per month, it just doesn't work out to be worth the price tag for most people.On the other hand, exercise is important, and it becomes evenmore important a...Read More

PRIVATE BLOG - Gold for Nov 8th, 2019Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More

China's import quota system, which has restricted the inflow of scrap metal this year, will remain in place for another year, with a significant drop expected in the total quantity of quotas granted, the China Nonferrous Metals Industry Association (CMRA) said on November 7. The CMRA statement, seen by Fastmarkets, was given to delegates attending a conference from November 7-9 in Ningbo, a major...Read More

A recent price surge in global ferrous scrap markets has led to more buying interest in Vietnam, with buyers booking multiple cargoes this week.While demand in Taiwan has slowed, buyers there are likely to return to the spot market next week in response to rising prices in the United States and Turkey.VietnamFastmarkets' price assessment for bulk shipments of steel scrap HMS1&2 (80:20), cfr Vietna...Read More

New drill results from Liberty Gold's (TSX: LGD; US-OTC: LGDTF) wholly owned Black Pine project in Idaho include high-grade intervals of Carlin-style oxide gold mineralization.Drilling has also expanded the project's mineralized footprint by linking the Discovery 2 and Discovery 3 zones for a combined width of 400 metres and a strike length of 300 metres.The Discovery 2 zone, which was unearthed i...Read More

Zinc prices have fallen 32% from a high of US$1.63 per lb. in early 2018 to US$1.15 per lb. today. But Jeremie Ryan, CEO of Sphinx Resources (TSXV: SFX), is rolling with the punches."Price fluctuations are part of our business," he says. "If you want to operate in this industry you need to work around them."Sphinx Resources is leveraging several plays in the Pontiac region of southwestern Quebec,...Read More

Mexico's environmental authority, Semarnat, has suspended the permitting process for Almaden Minerals' (TSX: AMM; NYSE: AAU) Ixtaca gold-silver project in the state of Puebla, pending the resolution of a lawsuit that challenges the country's mineral-title system.The lawsuit, filed by the Tecoltemi community of about 150 people in Puebla state, contends that the granting of mineral titles wit...Read More

A feasibility study has found that increasing the carbon-in-leach (CIL) plant capacity and postponing the heap leach operation to the end of the mine life is more economical than operating both a heap leach and the CIL in parallel at Iamgold's (TSX: IMG; NYSE: IAG) Essakane gold mine in northeastern Burkina Faso.Iamgold expects its 90% share of attributable gold production from the mine will reac...Read More

"New Gold: Q3 2019 Results Are Not That Bad But The Market Will Wait For New Mine Plans Due In Early 2020 https://t.co/I3k2062zr9"Read full newsRead More

"New Gold: Q3 2019 Results Are Not That Bad But The Market Will Wait For New Mine Plans Due In Early 2020 https://t.co/wn7RaEb6UP"Read full newsRead More