By: Ira Epstein$1,425.60 keeps the gold price bias to the upside:Read More

Metso said this week Kirsch, who ran its mining business in Australia for about a year, had also joined its executive group. Victor Tapia is leaving the company and vacating the mining equipment presidency, but will "take on another internal assignment" in the meantime.Nasdaq Helsinki listed Metso had sales of about EUR3.2 billion in 2018. The company employs more than 14,000 people in over 50 cou...Read More

"Following an extensive search operation, the victim's body was discovered in the Ahafo mine's mining area and recovered late Friday, 26 July," the company said.It said four other security guards were injured during the confrontation on Thursday."We are supporting our security provider in its efforts to assist the injured as well as the family of the deceased," acting regional senior vice presiden...Read More

Global integrated miner Nyrstar will be run as an independently operated company within the Trafigura group after a deal was concluded with its creditors and completed on Wednesday July 31.Trafigura now holds 98% of the outstanding shares in the new NN2 operating company, which will be run by its long-time assets head, Daniel Vanin.The Nyrstar 'ListCo" owns 2% of the new company and will continue...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

A fresh wave of stockpiling activities boosted the Chinese cobalt metal spot market price on Wednesday July 31. Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 222,000-232,000 yuan per tonne ($12.83-13.53 per lb, minus China VAT) on Wednesday, up 0.9% from 220,000-230,000 yuan per tonne on July 26. Renewed speculative buying this week was prompted by a combination of an ea...Read More

The Turkish steel mills have remained quiet in the deep-sea markets due to limited trading activity in te long steel and billet markets, sources said on Wednesday July 31.The mills in the country booked four deep-sea cargoes last week.Sources believed that the Turkish mills still needed scrap for August shipments but the weak rebar...Read More

The Wednesday Market Minute Global stocks slip as weak China data and fruitless trade talks keep investors on edge ahead of today's Fed rate decision.Apple's stronger-than-expected third quarter earnings, as well as a robust outlook, will boost U.S. markets prior to the 2:00 pm Fed announcement.European shares flat despite solid German data and an in-line reading for second quarter Eurozone GDP,...Read More

A summary of Nornickel's production results for the first half of 2019In brief Nornickel increased production across all base metals, particularly copper, and platinum-group metals in the first half of 2019. Refined nickel output fell 4% in the second quarter of 2019 from the first quarter to 54,000 tonnes, which reflects scheduled maintenance at the...Read More

You have to love it when a plan comes together.For the Saudis, it was a question of how on earth they could deal with the booming Permian Basin.To put it lightly, the U.S. oil industry was a thorn in the side to Saudi Arabia.This year, however, a revelation came to light regarding Saudi Arabia's pride and joy - the Ghawar oil field - that was even more harmful to the House of Saud.For decades, rou...Read More

* GRAPHIC-2019 asset returns: (Adds aluminium spreads, updates prices)By Eric OnstadLONDON, July 31 (Reuters) - Lead touched a two-week low onWednesday after inventories piled up and a major refineryassured consumers that a maintenance stoppage would not resultin shortages.Markets were on edge ahead of a second set of Chinesefactory data due on Thursday and an expected U.S. interest ratecut later...Read More

Here is the video summary of the July 31st INK Morning report where we take a look at Husky Energy's (HSE) journey back to free cash flow.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script:Husky Energy expects to deliver $800 million in free cash flow this year and $3 billion by 2023.If the company succeed...Read More

Here is the video summary of the July 30 INK Morning report where we provide a rebuttal to the deflationary case and highlight InterRent REIT (IIP.UN) as a stock that could benefit from continued inflation.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script:We hear a lot of talk about deflation coming back,...Read More

A summary of Glencore's production results for the half year ended on June 30, 2019, as well as its adjusted full-year production guidance.In brief Glencore's copper production totaled 663,000 tonnes in the first six months of 2019, marking a 5% decline against the same period of 2018. The company attributed the fall to the open-cut depletion at Alumbrera in Argentina and the sale of the Punitaqui...Read More

Asian equities were weaker in the morning of Wednesday July 31 on uncertainty on the progress in US/China trade negotiations, although base metals, which have focused more on brighter Chinese manufacturing purchasing managers' index (PMI) data, rose by an average of 0.4%. Chinese manufacturing PMI rises to 49.7 in July, from 49.4 in June. Busy day ahead for economic data. Market awaits U...Read More

A fresh wave of stockpiling activities boosted the Chinese cobalt metal spot market price on Wednesday July 31. Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 222,000-232,000 yuan per tonne ($12.83-13.53 per lb, minus China VAT) on Wednesday, up 0.9% from 220,000-230,000 yuan per tonne on July 26. Renewed speculative buying this week was prompted by a combination of an ea...Read More

Chinese subsidy reforms will cool down the electric vehicle (EV) market and weigh on battery demand in the second half of 2019, Umicore chief executive officer Mark Grynberg said in a conference call on Wednesday July 31.The Belgian battery raw materials producer maintained a forecast for stable or falling income in 2019 when it reported its results for the first half of the year on Wednesday. Pro...Read More

Chinese cobalt metal exports jumped up in June due to strong overseas traders' buying appetites on appealing arbitrage profits, Fastmarkets learned.A total of 279 tonnes of cobalt metal were shipped outside China in June, up by 6.4% from 170 tonnes in May, according to official, but unconfirmed, data seen by Fastmarkets. The spike in metal outflows in June also brought total exports of the blue me...Read More

- Dave KranzlerRegardless of the Fed Funds rate policy decision by the FOMC today, the economy is spinning down the drain. Lower rates won't help stimulate much economic activity. Maybe it will arouse a little more financial engineering activity on Wall Street and it might give a temporary boost to mortgage refinancings. But the economic "recovery" of the last 8 years has been an illusion base...Read More

By: Ira Epstein$1,425.60 keeps the gold price bias to the upside:Read More