The vice president of China Nonferrous Industry Association (CNIA) has called for domestic producers to produce less alumina and undertake "rational investment on alumina new projects" to cool China's enthusiasm for production that began in 2018. Speaking during a CEO dialogue session at an Antaike aluminium conference in Qingdao on Thursday November 14, Shang Fushan said: "As we all know, after t...Read More

The Africa-focused metals company made a profit of £7 million in the year to 30 June, up from a loss of £2 million the previous year.  It also raised £6.Read More

In the third quarter, Salobo produced 73,600oz of attributable gold, virtually unchanged year-on-year as higher throughput was almost completely offset by lower grades and recovery.Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") announces it has filed Q3 2019 financials, and will be hosting a conference call to discuss these results on Friday, November 15th at 9:00 AM EST (6:00 PST). Conference call details are set out below.Highlights:Q3 2019 revenue of $5.0-million, a 61% increase over Q3 2018 driven by UV350 sales;North A...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 323,18956,123107,486210,067511,535640,742675,144 Change from Prior Reporting Period -21,402-8,6408,96228,37912,70915,93913,031 Traders 18774825154272183 Small Speculators LongShortOpen Interest 67,72133,319708,463 2,3435,25118,282 non reportable positions...Read More

By: Ira EpsteinBears do not like to short in an oversold market. Gold moving off the lower volatility band, resistance area $1,485 area. $GDXJ at resistance at the 18-DMA, $GDX...Read More

By: Avi Gilburt(Originally published on Sat Nov 9 for our ElliottWaveTrader members)When the GLD dropped down off the October 25th high in a 5-wave structure, this provided us with the warning that a deeper c-wave can take hold. In fact, as we began the rally off that 5-wave decline, I began noting in our trading room that I was going to use GLD puts as a hedge to my overall metals positions,...Read More

Most market participants expect the China domestic alumina price to fall further as more imported cargoes arrive in an already oversupplied market, delegates at the aluminium conference held in Qingdao on November 13-15 told Fastmarkets.Sources estimated the average monthly surplus on domestic alumina would reach 200,000 tonnes in second half of the year."Roughly, I would say, the surplus each mon...Read More

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

An overview of the battery raw materials markets and their latest price moves. Read More

Rio, already ERA's largest shareholder with a 68.39% holding, is likely to have to dig deep for the 6.Read More

Scrap prices in the global markets have been firm during the working week from Monday November 11 to Friday November 15 thanks to demand from mills in Turkey and Southeast Asia and to seasonal factors that raised costs. Turkish mills continue to book scrap for December, but concerns persist over weak long steel demand US suppliers seek higher prices for exports Chinese demand for downstream billet...Read More

The inter-merchant spot price for light iron scrap in the UK narrowed higher in the week ended Friday November 15, with firm demand possibly pushing up prices in the near term, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?75-90 ($96-116) per tonne on Friday, up by ?5 per tonne at the low end...Read More

Suppliers in the UK have won a round of price increases for their monthly intake of ferrous scrap from domestic suppliers for November delivery contracts, paring losses made the month before.This was in line with a recovery in export prices, Fastmarkets heard on Friday November 15.The UK monthly steel scrap market to domestic consumers has settled with prices up by an average of ?15 ($19) per ton...Read More

There are cross currents flowing through broader markets, risk-on is still evident in equities, base metals are generally pulling back in countertrend moves from the stronger tone seen in October and early November and there is some nervousness around judging by the pick-up in demand for havens in recent days.Another record close for the S&P500.LME three-month nickel price down by around 20% from...Read More

An overview of the battery raw materials markets and their latest price moves. Read More

Increases in global population, urbanization, and economic development are set to drive world energy demand higher in 2020 and beyond.Global oil demand is forecast to reach a record-setting 100 million barrels per day next year.Meanwhile, the demand for natural gas is expected to overtake "king" coal as the world's second-largest contributor to the energy mix thanks to the development of the LNG i...Read More

China's domestic battery-grade lithium market remains under downward pressure, with lower offers for carbonate bringing the assessment down by 1.8% week on week on Thursday November 14, while the downtrend in Chinese prices is weighing on the seaborne Asia market, market sources said. Chinese lithium carbonate price fell again due to slow buying activities from downstream buyers. Chinese lith...Read More

European steelmakers increased their offer prices on hot-rolled coil at the end of this week, and transaction prices were also expected to rise, sources told Fastmarkets on Friday November 15.Some Northern European mills announced a price rise for the product of about ?,?30 ($33) per tonne, according to market sources.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europ...Read More

Turkish flat steel producers increased their prices during the week ended Friday November 15 because of rising raw material costs, but demand was better in the market because of the belief that prices may increase even further.Raw material prices, especially those for scrap, have gone up recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $260.03 per...Read More