Ground preparation for a new copper smelter in Indonesia is in progress, with construction expected to begin in 2020, according to Freeport-McMoRan, one of the project's joint venture partners. The smelter is part of a package agreed by Freeport to extend the mining rights of its Indonesian unit PT-FI from 2031 to 2041. Under the terms of the agreement, PT-FI is committed to construct a new smelte...Read More
- Dave KranzlerTexas Instruments reported its Q2 yesterday after the close. Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN's business model by adding nearly $8 billion to TXN's valuation as I write this.The Dow Jones Transports index is up 1% on the news that the U.S. is sending envoys over to...Read More
Gary Savage - gold, silver update:Gary Savage Read More
Stewart Thomson, Graceland Updates 1. At McDonald's restaurant, customers can "supersize" their food orders. Can gold supersize its awesome 2019 price action?2. Well, please click here now: https://gracelandjuniors.com/wordpress/wp-content/uploads/2019/07/2019jul23gold1.png 3. The technical action on this gold chart is spectacular!4. Gold has form...Read More
The bull market has been chugging along for more than ten years, so there's little point in pretending we know precisely where or when it will end. However, neither should we ignore the fact that the Dow, having traded as high as 27,399, is mere millimeters from a key 'Hidden Pivot' resistance at 27,463. As a practical matter, because this is a logical place for a top of at least middling impor...Read More
Three things/events/economic data which can affect gold and silver till next week.1. European Central bank meeting tomorrow.2. US GDP numbers on Friday. 3. US-China trade talks. I do not think FOMC meet will have any impact on metals, energies or the US dollar Index. Interest rate cut has been factored in by the market. Gold and silver short-term investors need to c...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from Fastmarkets' Wednesday July 24 pricing session in Europe:Key drivers The ferro-titanium market has stabilized after a run of losses and while there was one sale around $4.50 per kg and below the current range, it was in isolation, with most sources expecting a stabilizing in the market. The ferro-titanium market is establishing a price floor, with producer supply cited to be in...Read More
Key data from Fastmarkets' Wednesday July 24 pricing session in Europe:Key drivers The ferro-titanium market has stabilized after a run of losses and while there was one sale around $4.50 per kg and below the current range, it was in isolation, with most sources expecting a stabilizing in the market. The ferro-titanium market is establishing a price floor, with producer supply cited to be in...Read More
* GRAPHIC-2019 asset returns:* Tin price hits three-year low (Updates with closing prices, date for U.S-China talks)By Pratima DesaiLONDON, July 24 (Reuters) - Copper prices rose on Wednesdayas news that U.S. officials would travel to China next week toresume trade talks helped to boost sentiment in industrialmetals markets under pressure from concerns over growth anddemand.Benchmark copper on the...Read More
While Vedanta cheered over South Africa's recent court ruling against the Zambian government's liquidation of its majority-owned Konkola Copper Mines (KCM), Zambian officials rebuked the decision and denied the enforceability of the foreign ruling that determines the future of the country's largest copper smelting assets. The South Gauteng High Court on Tuesday July 23 granted Vedanta an urgent in...Read More
The first transaction of the week led to a fall in prices after a Turkish mill booked a mixed steel scrap shipment from the United States, sources told Fastmarkets on Wednesday July 24.Based in the Marmara region of Turkey, the mill bought a US-origin cargo comprising 21,000 tonnes of HMS 1&2 (80:20) at $294 per tonne, 22,000 tonnes of shredded material at $299 per tonne and 2,000 tonnes...Read More
A summary of Antofagasta's production results for the first half of 2019.IN BRIEF: First-half copper production of 387,300 tonnes was up 22.2% year on year because of higher throughput and grades at most operations, particularly at Centinela, where output rose by 36.8% to 141,900 tonnes. Production at the flagship mine Los Pelambres was up 13.4% year on year at 180,400 tonnes. First-half moly...Read More
Hopes that a US-China trade deal may be moving a step closer have given equities and US bond yields a slight boost this morning, Wednesday July 24, but the metals have not followed.Further evidence of slowing growth with disappointing US data out on Tuesday, which bodes ill for today's flash manufacturing purchasing managers' index (PMI) data, are no doubt weighing on sentiment.The International M...Read More
The Wednesday Market Minute Global stocks drift lower as weaker manufacturing data underscores trade-related weakness in growth and investment.European manufacturing suffers steepest contraction in seven years in July, pulling the euro to a two-month low ahead of tomorrow's ECB rate decision.U.S. stocks poised near fresh record highs ahead of the busiest day of the second quarter earnings season...Read More
The dramatic shift in the dynamics of the lithium market over the past four years has changed business practices and increased demand for price transparency. The dramatic shift in the dynamics of the lithium market over the past four years has changed business practices and increased demand for price transparency. Fueled by anticipated growth in the global battery market and the consequent price s...Read More
The Argentinian government will back moves toward price transparency in the lithium market, a senior official in the ministry of mining development has told Fastmarkets.The development of a globally accepted lithium price would help the Argentinian government to develop policy in the country, the country's undersecretary of mining development, Mariano Lamothe, told Fastmarkets recently."Today, the...Read More
Dr. Allen Alper:This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Scott Williamson, who's Managing Director of Blackstone Minerals. Could you give our readers/investors an overview of Blackstone Minerals and also tell them what differentiates Blackstone Minerals from others?Scott Williamson:Thank you for interviewing Blackstone Minerals for Metals News. Much has happened since...Read More
Altus Strategies PLC (AIM: ALS & TSX-V: ALTS) is a project and royalty generator, in the mining sector, with a focus on Africa. The Company makes mineral discoveries across multiple licences simultaneously, then creates joint ventures, where partners earn an interest in these discoveries by advancing them toward production. The royalties, generated from the Company's portfolio of projects, are des...Read More
The next generation of communication technology is here.5G promises futuristic connectivity with speeds 100 times faster than today's systems.The Consumer Technology Association says 5G will allow you to download a two-hour movie in just 3.6 seconds, versus six minutes on current 4G networks.But 5G is much bigger than just faster movie downloads...5G is expected to propel innovation across multipl...Read More