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LIVE FUTURES REPORT 16/12: LME base metals prices buoyed by positive China data, weaker dollar

December 17, 2019 / www.metalbulletin.com

The three-month prices of base metals traded on the London Metal Exchange broadly closed up at the afternoon kerb on Monday December 16, emboldened by positive China data, while a weaker US dollar provided a consumption tailwind. "LME base metals three-month prices are stabilizing... there is a cautious optimism in the air," Fastmarkets research analyst Andy Farida said. "But a trade deal between...Read More

2019 REVIEW: ESG issues no longer niche

December 17, 2019 / www.metalbulletin.com

Environmental, social and corporate governance (ESG) is no longer a niche concern in the natural resources sector.Corporate governance and community issues have typically dominated the sustainability and ethical criteria of mining companies and their investors. But more recently, the focus has shifted.Environmental factors, particularly decarbonization, have come to the fore amid increasingly stri...Read More

2020 PREVIEW: Poor demand, tight margins prompt cautious outlook for aluminium supply chain

December 17, 2019 / www.metalbulletin.com

Participants are taking a cautious approach to the aluminium market in 2020, with poor downstream demand and low product premiums threatening already-tight margins in the industry.Premiums for downstream products such as aluminium billet in the United States and Europe are both at record lows, forced down by an absence of demand this year - a trend that is expected to continue. The demand drought...Read More

Yamana ups dividend again

December 16, 2019 / www.mining-journal.com

The new dividend level will be effective for the first quarter of 2020 and is part of what the company calls a, "gradual and progressive approach to dividend increases" as its cash balances grow fromRead More

GLOBAL CHROME WRAP: Chinese spot ferro-chrome prices weaken on aggressive producer offers

December 17, 2019 / www.metalbulletin.com

Chinese ferro-chrome producers cut their offers last week to generate cash, putting downward pressure on spot prices. Selling pressure weighs on Chinese spot domestic ferro-chrome marketCharge chrome, chrome ore prices flat in thin tradingEuropean ferro-chrome prices tick up on tight supplyUS market widens slightly lower in lackluster tradingThe Chinese spot domestic ferro-chrome price continued l...Read More

American Pacific looks to double SOP output

December 16, 2019 / www.mining-journal.com

The company said it was "currently revising its Fort Cady mine plan" to effect the change.   The junior has a staged development plan at Fort Cady requiring A$54 million in upfront capital.Read More

Ghana contract loss spurs Perenti downgrade

December 16, 2019 / www.mining-journal.com

The contract was only extended for a further two years in February, and was expected to generate A$123 million in revenue. Perenti earlier terminated contracts at Boungou and Bissa in Burkina Faso following a major incident that left 19 of its workers dead and 26 wounded when a convoy was attacked by militants on November 6. It decided the security situation in western Burkina Faso was t...Read More

Siyata Mobile Receives $900K in Purchase Orders for 4G/LTE Push-to-Talk Over Cellular Devices

December 16, 2019 / kincommunications.com

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received two purchase orders totalling over $900,000 for its connected vehicle and Push to talk over Cellular (PoC) solutions. One order from a new customer totalling over $600,000 to equip their connected vehicles with Siyata's 4G/LTE in-vehicle solutions....Read More

Trade log December 2019: Ferro-vanadium, V2O5

December 17, 2019 / www.metalbulletin.com

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below:Europe- Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V- Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5China- Ferro-vanadium 78% V min, fob China, $/kg V- Vanadium pentoxide 98% V2O5 m...Read More

Mine services disrupter plots US domination

December 11, 2019 / www.mining-journal.com

The maintenance contractor, which started in Western Australia, has taken its flexible employment model to the country's east, breaking into Queensland and New South Wales, and on into North America.Read More

This past week in gold

December 17, 2019 / www.321gold.com

Jack ChanPosted Dec 16, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculation remains high despite the recent pullback.Speculation is at a reasonable level to resu...Read More

Massive Potential in the Metals - video update

December 16, 2019 / news.goldseek.com

By: Gary SavageMost people (investors) are driven by emotions. Retail investors becoming more bullish as the SPX diverges further from the 200 day moving average.Gold's potential is mind-boggling right now, I'll explain..http://blog.smartmoneytrackerpremium.com/Read More

Commodities : Step By Step , Inch by Inch

December 16, 2019 / news.goldseek.com

RambusTonight I would like to update some commodities charts we haven't looked at in a while. There have been some subtle changes taking place that need to be addressed. Just like the PM complex that topped out in 2011 many commodities also topped out that same year and have been correcting ever since. With the US dollar at an important inflection point it may be time for commodities in general...Read More

Precious Metals Update Video: Weekly gold chart still under the 18-week moving average

December 16, 2019 / news.goldseek.com

By: Ira EpsteinGold weekly chart just below the resistance area, what to look out this week:Read More

Asian Metals Market Update: Dec-16-2019

December 16, 2019 / news.goldseek.com

Global political weather is such that financial markets will not sleep during Christmas and New Year weeks. Do not sleep in the next three weeks on your short term investment. Still anything can happen. If you are on a vacation or plan to go on a vacation for the next three weeks, then close very short term open positions in any future and options and ETF. If you are holding physical gold, any p...Read More

GLOBAL TUNGSTEN SNAPSHOT: European APT market continues to move up on tightening concentrate supply

December 17, 2019 / www.metalbulletin.com

Key data from the pricing sessions in London and Shanghai in the week ended Friday December 13.Europe Key drivers  The ammonium paratungstate (APT) price in Europe continued to edge up last week. The low end of the range moved up for a second consecutive week due to tightening supply of concentrate.  Prompt availability of stock in Europe is also tightening because consumers are back in...Read More

GLOBAL ANTIMONY SNAPSHOT: Chinese producers cut offers to generate cash; demand stagnates in Europe

December 17, 2019 / www.metalbulletin.com

Key data from the pricing sessions in Asia and Europe in the week to Friday December 13. China Key drivers  The price of antimony, MMTA standard grade II, ddp China recorded of a drop of 2.6% in the week ended December 13 after an increasing number of suppliers slashed offer prices further to promote sales and generate cash.  Widespread pressure to generate cash by the end of the ye...Read More

GLOBAL SILICON SNAPSHOT: US price falls 5% on oversupply; European prices supported by firm offers

December 17, 2019 / www.metalbulletin.com

Key data from the pricing sessions in New York, London and Shanghai for the week ended Friday December 13. United States Key drivers  Monthly spot silicon price dropped again, following a brief plateau in November after 19 straight months of decline.  Domestic producers' cuts are being felt, but cheaper imports of silicon metal to the US mean oversupply endures.  Some sources see ri...Read More

DAILY SCRAP REPORT: More cargoes booked for February shipment

December 17, 2019 / www.metalbulletin.com

Turkish steel producers began the week by booking deep-sea scrap for shipment in February, sources told Fastmarkets on Monday December 16.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr and 3,500 tonnes of bonus at $310 per tonne cfr.A steel mill in the Izmir region booked a...Read More

TURKEY FERROUS SCRAP: Mills raise buy prices amid rising imported scrap values

December 17, 2019 / www.metalbulletin.com

Turkish steel producers continued to raise their domestic scrap purchase prices over the past week amid higher imported scrap values, sources said on Monday December 16.The price of scrap imported into Turkey has risen over the past week due to tightening supply and firm demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $296.06 per tonne...Read More

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