Ron Mitchell, sales director at lithium producer Tianqi Lithium Corporation, has been appointed chairman of the London Metal Exchange's lithium committee. The LME announced it had established a lithium committee at the end of October, during LME week. The committee is intended to represent the views and interests of lithium stakeholders, while the exchange plans the launch of a lithium futures con...Read More
Asian equities and most of the base metals are in positive territory after United States President Donald Trump sounded more positive on a US-China trade deal when he said talks are "moving right along".With the news flow on trade ebbing and flowing, the day of reckoning is likely to be whether Trump follows through with his threat to put 15% tariffs on another $160 billion of Chinese imports from...Read More
Sir Brian Bender has seen three London Metal Exchange chief executive officers, the sale to Hong Kong Exchanges & Clearing and a great number of other changes over more than nine years as the exchange's chairman, he told Fastmarkets in an interview, but the open outcry system will remain for as long as members support it. Bender was on holiday in Australia when a headhunter emailed to ask whether...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets will maintain the frequency of publication of its European germanium metal and tellurium assessments and Chinese germanium dioxide assessment following a consultation.Fastmarkets will continue to publish these three price assessments on a twice-weekly basis on Wednesdays and Fridays. After receiving market feedback during a one-month consultation, Fastmarkets has decided to maintain th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures moved higher following release of the November Employment Reports at 8:30 AM EDT. Consensus for November Non-farm Payrolls was an increase of 183,000 versus an upwardly revised gain of 156,000 in October. Actual was a gain of 266,000. November Unemployment Rate was expected...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
Markets are eagerly awaiting the conclusion of the so-called "phase one" trade deal between the U.S. and China.Both parties are trying to reach a mini-deal involving simple tariff reductions and a truce on new tariffs along with Chinese purchases of pork and soybeans from the U.S.The likely success or failure of the mini-deal has been a main driver of stock market action for the past year. When th...Read More
The president has spoken...A China trade accord can jolly well wait until next year's election is done, he announced yesterday.While the president spoke, the United States House of Representatives legislated…China is allegedly roughhousing its Uighur (wee-gr) Muslim minority.The House has passed legislation that denounces the inhumanity... and sanctions certain Chinese officials for their vi...Read More
Deutsche Bank maintains a strict dossier on all the world's asset classes.Stocks, bonds, real estate, commodities - 38 assets, A through Z - Deutsche Bank has them under ruthless and unshakable surveillance.Last December's spywork revealed this arresting conclusion:93% of all the world's assets traded negative in 2018.Not even in the fathomless depths of the Great Depression did so many global ass...Read More
The major stock market indices will move sideways through the remainder of the month (and year) to end the year about where they are now. That said, if markets move outside a narrow range, there is more downside potential than upside.This is a good time to lighten up on equity exposure and reallocate to bonds, cash and gold.Stock markets haven't gained much over the past two years. That may come a...Read More
Prices have continued rising in the Asia ferrous scrap markets, with buyers in Taiwan and Vietnam accepting higher prices on tighter supply and expectations of further increases.Bullish sentiment in the domestic scrap markets in the United States has also led to expectations that offers from scrapyards on the US West Coast will increase further in the short term.VietnamFastmarkets' price assessmen...Read More
U.S. iron ore producer Cleveland Cliffs (NYSE: CLF) is acquiring AK Steel (NYSE: AKS) in an all-share transaction valued at US$1.1 billion.Cliffs, North America's largest producer of iron ore pellets, is offering shareholders of mid-tier steelmaker AK Steel 0.40 shares of Cliffs' common stock for each common share they own of AK Steel.Once the transaction is complete, Cliffs shareholders would own...Read More
The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by Bloomberg News.Electric cars have been a bright spot, but due to a cut in subsidies, China's automobile manufacturing industry body recently said fewer new energy vehicles (NEVs as they are termed domestically, which includes battery-p...Read More
The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar. As things stand, 2020 will become a good year for gold as well because the factors supporting higher gold prices already present in 2019 will remain in 2020, such as negative interest rates, rising debt levels and the centr...Read More
Canadian-based Vitasave is a natural health ecommerce company carrying something for everyone: 6,000 natural health products across more than 200 brands: supplements, vitamins, food, lifestyle product - and even pet care. Vitasave is becoming an industry leader in natural health with a mission to make health accessible and more affordable. Photo courtesy Vitasave To boot, Vitasave's Customer Care...Read More
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Dec 04, 2019 (Market Insight Reports via COMTEX) -- The Global Gold MiningMarket research provides a basic overview of the industry including definitions,...Read full newsRead More
"Shareholders Are Raving About How The Highland Gold Mining (LON:HGM) Share Price Increased 461% https://t.co/NhkUBLKTCe"Read full newsRead More
Dec 04, 2019 (Market Insight Reports via COMTEX) -- The Global Gold MiningMarket research provides a basic overview of the industry including definitions,...Read full newsRead More