"Exciting development at #KAV as the company moves into drilling 3 conductor targets at the Kalaharo Sutur ZoneThe size of targets the company is going for is hugehttps://t.co/6VitpqvJ4w"Read full newsRead More
Publisher's Note: To say the market is all over the place would be an understatement. Mr. James Dines gave his take on it to his readers in The Dines Letter recently. Today we share it with you as well.To Your Wealth,Nick Hodge Outsider Club Founder and President"When I use a word," Humpty Dumpty said in a rather scornful tone, "it means just what I choose it to mean -neither more nor less.""The q...Read More
The London Metal Exchange three-month lead price continued to rise over the day's trading on Wednesday September 25, closing up by 2.4% on the previous day at $2,107 per tonne. Market analysts attribute the increase to prevailing supply tailwinds at a time when global demand for material is forecast to grow. Nyrstar's Port Pirie smelter closure in Australia, due to take 30,000 tonnes of mater...Read More
Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company's Benedikt Zeumer said at Fastmarkets' International Aluminium Conference held in Athens, Greece.The fastest growing underlying factor to global aluminium growth is the global automotive sector, Zeumer said. McKinsey's outlook does not indicate that the...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa.Despite concerns of low price...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
Gold has had a good third quarter, rising 8%, according to UBS. Two factors suggest gold may be set for further rises in the immediate future.In India, the monsoon season brought higher rainfall than usual, which will boost agricultural incomes and thus drive increased purchase of gold.Meanwhile in China, forward contracts have surged to record highs on the Shanghai Gold Exchange, and there has be...Read More
The event heard from a mixed of big producers and "smaller … underappreciated base metals miners", host Jefferies said.The bank's analysts said management teams from Freeport McMoRan, Anglo American, Vale, Teck, HudBay Minerals, Ivanhoe Mines, OZ Minerals, KAZ Minerals, Lundin Mining, Ero Copper, Taseko and Northern Dynasty Minerals expressed a general tone of "cautious optimism"."These min...Read More
In a report released on Friday, A vision for a sustainable battery value chain in 2030, the WEF argues batteries can cut emissions by 30% in the transport and power sectors, creating 10 million jobsRead More
Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that.But, could Gold remain in a secular bear market? It hasn't made a new all time high in 8 years and the perma-bull, financial asset loving crowd certainly believes so.This is semantics because what really matters is making money and nothing else. With that said, Gold is not in a real bull market yet. We can...Read More
Gold's strength is no secret at this point, and that's why the uptrend is getting trickier to play. Let me offer a few suggestions..Read More
By: Ira EpsteinGold resistance can be seen around $1,556 - Dec. Gold (upper Bollinger band). The silver chart looks pretty darn good..Read More
Trade war will continue. Trump bashing China for atrocities to Muslims is a part of the trade war. Saudi Arabia has a beheading culture. Not a single nation dare criticize Saudi Arabia. Wahabi form of Islam is funded by Saudi Arabia to spread it worldwide. Wahabi form of Islam is more repressive than Chinese atrocities towards Islamic followers. Which nation or religion allows lashes for petty c...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company's Benedikt Zeumer said at Fastmarkets' International Aluminium Conference held in Athens, Greece.The fastest growing underlying factor to global aluminium growth is the global automotive sector, Zeumer said. McKinsey's outlook does not indicate that the...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes for November shipments, confirming another downturn in the prices, sources said on Wednesday September 25.A steel mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $228 per tonne, 15,000 tonnes of shredded at $233 per tonne and 2,000 tonnes of plate and structural scrap (P&S) at $238...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
The London Metal Exchange will extend the waiver of listing fees for new cobalt brands until December 20, 2019, it said on September 24. The exchange launched the initiative on March 26 this year, initially for six months, in an effort to encourage liquidity on its physically delivered cobalt contract. Since then, Norilsk grade-I cut cobalt cathodes and Huayou cut cobalt cathodes have been listed...Read More