"REPORT: Armadale Capital- Advancing one of the world's highest-grading, large-flake graphite resources With Armadale's peers securing attractive offtake terms, Mahenge Liandu's conservative economics present a value opportunity.https://t.co/U9h6FPEXgC#ACP @ArmadaleCapital"Read full newsRead More
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."- Mark TwainYou guys remember 2008, right?Likely, you're still trying to forget it... so my deepest apologies for peeling off an old scab.It's hard to believe that over a decade ago, banks were collapsing, the White House was having situation room meetings, and the rest of us were watching our...Read More
The three-month aluminium price on the London Metal Exchange was higher at the close of trading on Monday October 7, topping a broadly lackluster base metals complex amid low turnover, while zinc's benchmark cash/three-month spread narrowed over the afternoon.Aluminium futures closed at $1,746 per tonne in the afternoon, climbing from an intraday low of $1,714 per tonne, while some 10,100 lots wer...Read More
The three-month nickel price on the London Metal Exchange moved higher during morning trading on Monday October 7, with prices buoyed by a continued draw on the exchange's falling inventory. Nickel's outright price was recently seen trading at $17,775 per tonne, edging closer to the $18,000-per-tonne resistance level, a price not seen since September 13. Volumes traded were particularly thin over...Read More
China is still on holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China's markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Markets quiet with China on holiday for Golden Week until Tuesday...Read More
Officials started two days of negotiations on Monday, with high-level talks involving Chinese vice premier Liu He, US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin scheduled for Thursday, Bloomberg reported.European and Australian market indices had closed higher yesterday while US and Asian markets closed lower.China meanwhile has reportedly added more than 100 tonn...Read More
One of India's top three coal mines, Dipka normally produces 35 million tonnes of coal annually. However, a dramatic flood in which the nearby Lilagar River changed course led to large areas of the mine being submerged, with heavy machinery damaged.The mine's production is now less than half its normal level, and much of it remains underwater, according to operator Coal India. Local media reported...Read More
Conaie has blocked roads across the country in protest at what the group describes as the "neoliberal policies of [president] Lenin Moreno", in particular his support of the mining sector which itRead More
https://edsteergoldsilver.com/YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM(05 October 2019 -- Saturday) The gold price crawled quietly higher until around noon China Standard Time on their Friday -- and then didn't do much of anything until the jobs report hit the street at 8:30 a.m. in New York. It was sold down about ten bucks or so over the next thirty minutes -- and back below $1,500...Read More
Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More
The Dow Industrials ended the week with an 800-point Whoopee Cushion bounce that recouped two-thirds of a 1300-point loss suffered days earlier. The swoon, exhilarating as it may have seemed to traders, will do little to brighten an economic picture that has gone from boom to gloom since mid-summer. One might think that the dark cloud of recession over China and Europe would have caused investor...Read More
By: Ira EpsteinGold's short-term trend is lower, finding support at the 18-week moving average..Read More
Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More
Antimony found support again in Europe over the week ended Friday October 4, with some traders reportedly achieving higher prices in Rotterdam.Fastmarkets assessed the price of antimony, MMTA standard grade II, in-warehouse Rotterdam, at $6,000-6,300 per tonne on Friday, up by 1.8% per tonne from the previous assessment. Despite the absence of Chinese market participants during the week-long...Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More
Turkish domestic scrap prices were largely stable over the past week, in line with steady imported scrap values, sources said on Monday October 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($229-252) per tonne on Monday, unchanged week-on-week. Almost all steel mills have kept their buy prices flat for the...Read More
Turkish steel mills were silent on the first working day of the week with no deep-sea purchases taking place and prices remaining stable, sources said on Monday October 7. Two cargoes were booked at the end of last week. One Turkish steel mill in the Marmara region booked a UK cargo at $223.50 per tonne cfr for HMS 1&2 (80:20) and another steel mill in the Izmir region booked a US cargo at $228.50...Read More
China is still on holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China's markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Markets quiet with China on holiday for Golden Week until Tuesday...Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More
On Friday the Trump administration formally announced it will permit the leasing of over 700,000 acres of federal land in central California for new oil and gas development, ending a five-year prohibition on fracking in the state.The Bureau of Land Management has not leased any federal land for oil and gas exploration in California since 2013. That was when a federal judge ruled the agency violate...Read More