Nov 29, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals From a macroeconomic perspective, several of the longer-term problems that would be bullish for gold will likely manifest in 2020, including a recession and an escalation of the trade wars tensions with China, this according to Peter Hug, global trading director of Kitco Metals. "From a physical perspective, if you're an inve...Read More
The silver miners are finally enjoying higher prevailing silver prices, a great boon for this sector. Silver surged this past summer after gold's first new bull-market highs in several years rekindled enthusiasm for precious metals. The long-neglected silver stocks rallied strongly with their metal. Their recently-reported Q3'19 results reveal whether those gains are justified, and how much fundam...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
The three-month price of nickel traded on the London Metal Exchange continued its descent below $14,000 per tonne to close at $13,675 per tonne on Friday 29, down by 2.3%, amid stainless steel demand concerns and ongoing macro tension between the United States and China. Nickel futures have come under constant pressure from the LME three-month nickel price depreciating by 27% to its current level...Read More
Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $277.81 per tonne on Friday, down from $279.30 per tonne at the start of the week.Key drivers The most recent fob Australia deal this week w...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday November 29.ChinaChinese spot domestic ferro-chrome prices resumed their decline, which reflects weaker demand from mills and traders, which have a broadly bearish outlook on forthcoming announcements on tenders from major mills. Charge chrome prices dropped in...Read More
World manganese ore supply rose 4% year on year in October thanks to higher production in Africa, according to the International Manganese Institute (IMnI).Production reached 1.96 million tonnes of manganese units globally, also up 6% compared with September, the latest IMnI data the shows.The bulk of production came from the Africa and Middle East region at 1.05 million tonnes, up 2% year on year...Read More
Adam HamiltonArchivesNov 29, 2019 The silver miners are finally enjoying higher prevailing silver prices, a great boon for this sector. Silver surged this past summer after gold's first new bull-market highs in several years rekindled enthusiasm for precious metals. The long-neglected silver stocks rallied strongly with their metal. Their recently-reported Q3'19 results reveal whether those gains...Read More
Lucara set out its operating guidance for 2020 on Friday, in which it forecast annual revenue of between US$180-210 million, driven by recovery of "special" diamonds - stones that are 10.Read More
On average, 74,000 microplastic particles are consumed by humans per year. These tiny particles are smaller than five millimeters and come from nearly every object in our daily lives. Although the particles are tiny, they have large impacts on our ecosystems and societies. Microplastics are found in the air we breathe, water we drink, and food we eat, and since they come from different sources, th...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 29EuropeThe European ferro-silicon spot price climbed by about 2.5% over the week after jumping by more than 7% in the previous week - supply worries have boosted trading activity. One deal for 500 tonnes was reportedly sold to a consumer by a trader at ?,?960 per tonne although deals at th...Read More
By: Ira EpsteinNothing bullish on the daily chart. This could change..Read More
Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,Prices move up in Turkey but trading thinUS market quiet on Thanksgiving holidayIndian market inches up on fresh dealsPrices up in Vietnam on higher transaction pricesTaiwan prices up on sol...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.In the near term, year-end holidays in the UK and across Europe, as well as winter conditions, were expected to underpin or possibly raise scrap...Read More
Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,250 ($1,512-1,615) per tonne on November 29, widening upward by ?20 per tonne and returning to the level...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
The cif China, Japan and Korea battery-grade lithium price fell by more than 2% in the week to Thursday November 28, with buyers reluctant to accept any increases because of falling prices in China, where battery-grade lithium hydroxide prices also continued to decline. Seaborne Asian lithium market softens with higher prices unlikely to be accepted by buyers. Battery grade lithium hydr...Read More
In 2017, Bill Gates penned an essay to all graduating college students worldwide that year.Gates wrote:New college graduates often ask me for career advice... If I were starting out today and looking for the same kind of opportunity to make a big impact in the world, I would consider three fields.One is artificial intelligence. We have only begun to tap into all the ways it will make people's live...Read More