Still hostage to trade talk news News flow regarding progress, or lack thereof, in US-China trade negotiations continues to determine the mood in the base metals and remains the main source of week-to-week volatility. Aluminium: Consolidating after short-covering Following a strong week of price gains last week, aluminium has moved into consolidation mode after finding technical resistance and aft...Read More
LME aluminium price up 3.9% week-on-week The LME aluminium price spent most of last week trading above the $1,800 per tonne mark with the weekly average of $1,813 per tonne up 3.9% from the previous week's level. The risk-on mood stemmed from the expectation of an imminent “phase one” US-China trade deal being struck. But on Monday this week, aluminium traded back below $1,800 per tonne,...Read More
Aluminium The LME three-month aluminium price continues to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus dow...Read More
We are bullish over the next...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Stainless steel prices in the United States were flat across the board this month due to stable base prices and essentially unchanged surcharges, although surcharges are expected to decline in December. "Base prices are the same and surcharges are down nominally this month," a distributor in the Midwest said, which was confirmed by other market participants. Some mills are selling at December...Read More
Prices find support after an...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
European manganese alloys prices are extending their losses in the spot market in line with weaker demand from the steel sector, and further weighed by persistent falls in manganese ore prices in recent months, industry sources told Fastmarkets.The silico-manganese market weakened by almost 4% to ?,?840-860 ($926-949) per tonne from ?,?880-890 per tonne in the past week, after suppliers cut their...Read More
More lower highs and lows Approaching the mid-point of the fourth quarter, the LME nickel cash price is averaging $16,589 per tonne, with the average declining daily while trading remains in the down-sloping channel off September’s high. Indeed, the sequence of lower highs and lows defining that channel has been extended this week by the sell-off into the $15,000s again. While that lower low...Read More
A summary of the financial results of stainless steel producer Aperam for the third quarter, 2019.In briefResults for the three month period ending September 30, 2019, show "a seasonal trough and challenging market conditions," Aperam said in it's quarterly report.Earnings before interest, taxes, depreciation...Read More
Recovery in tin prices Tin is one of the best performers among LME base metals so far in Q4, up a little bit more than 5%. The rise in open interest in LME tin in the quarter to date suggests that the price strength has been primarily driven by fresh buying, a sign of increased optimism. We attribute the recovery in tin prices to the market’s realization that refined output trends would be mu...Read More
Guidance downgrades noted among recent producer...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
The Chinese ferro-silicon market has been supported by firmer steel prices over the past week despite muted demand for volumes of feed alloy, while in Europe, the market has been steady for two consecutive weeks despite no reported trades, with tighter supply underpinning spot prices. Chinese domestic alloys prices steady amid firmer steel prices. Chinese export market stable. European market unch...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
While investors and traders are still waiting for direction on China-United States trade talks, markets are reviewing their individual situations and adjusting accordingly.The two big movers have been the precious metals and nickel, both correcting lower as profit-taking and, or short-selling, set in, while the rest of the markets seem to be consolidating.With US President Donald Trump addressing...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Tyson Foods dropped $4.24 to $78.49 after reporting lower than consensus fiscal fourth quarter revenues and earnings.Rockwell Automation gained $14.80 to $194.00 after reporting higher than consensus fiscal fourth quarter revenues and earnings.DR Horton added $1.15 to $53.80 after reporti...Read More
Dear Rich Lifer,When it comes to retirement destinations, you can find an endless number of lists ranking the best and worst spots to live out your golden years.My take is it really depends on how you want your retirement to look.Of course, you want to stretch your dollar as far as it will go, but you're also not going to do it at the expense of losing friends and family.A survey by Merrill Lynch...Read More
Dear Rich Lifer,The so-called Golden Age of Television started back in the 1950s when TV sets began their explosive growth.You might remember shows like I Love Lucy, Toast of the Town with host Ed Sullivan, and Gunsmoke.These classics paved the way for networks to start adding even more content.In the '60s, TV networks started showing full-length movies that had played in theatres. As the supply o...Read More
QUESTION: Do you think it is remotely possible for any return to a gold standard? I believe these arguments are not realistic.DRANSWER: The fringe fantasy of a return to the gold standard just never dies. If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible. But to back the currency by gold, even say 1%, the res...Read More
- 2019 drilling program tested several distinct targets within four target areas at Keystone, including the first ever test of the Nina Skarn target area, where the thickest intervals of strong, continuous gold mineralization ever drilled at Keystone have been encountered. The key geological features of the hole indicate it intersected the halo of a large gold system.- The drilling program also e...Read More