China's rebar prices were flat in both the domestic and export markets on Wednesday July 31, with demand being reported as steady but weak.Domestic Eastern China (Shanghai): 3,920-3,940 yuan ($569-572) per tonne, unchangedNorthern China (Beijing): 3,830-3,850 yuan per tonne, unchangedRebar futures picked up in the morning before retreating in the afternoon, but the early gains failed to stimulate...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsLake Resources prepares to make a splash in lithium SPONSOREDlake resourcesIt's been an age since I did my management studies. So long, in fact, I have not on...Read More

World manganese ore supply reached only 1.66 million tonnes in June 2019, down by 3.4% year-on-year, according to the International Manganese Institute.June supply rose by slightly less than 1% compared with May, according to figures from IMnI's latest research, published on Wednesday July 31.Supply from Africa and the Middle East came to 951,000 tonnes, up by 10% year-on-year but down by 3% compa...Read More

Key data from Fastmarkets' Wednesday July 31 pricing session in Europe: Key drivers  Tightness of availability on a spot basis and an increase in buying inquiries for August and September have encouraged suppliers to hold their offer prices around the top end of the current range, while UK producer FE Mottram has yet to restart production after a fire damaged its plant in April.  The all...Read More

The following Fastmarkets minor metals prices changed on Wednesday July 31:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,950-6,200 per tonne from $5,950-6,150Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb: $2.80-2.95 per lb from $2.75-2.90Cobalt alloy grade,...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

Glencore expects to report earnings before interest and tax (Ebit) losses within its marketing department of $350 million for the first half of 2019 due to a sharp drop in cobalt prices. The trader-miner cited a 58% year-on-year drop in cobalt prices in the first half of 2019, referencing Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam, which averaged $17 per lb in the fi...Read More

Fastmarkets on Wednesday July 31 launched weekly export price assessments for stainless steel cold-rolled coil, grade 304 (2mm), fob China, $/tonne and stainless steel hot-rolled coil, grade 304, fob China, $/tonne.The launch of these assessments following a month-long consultation reflects China's status as a major exporter of stainless steel. They will serve as important benchmarks for the inter...Read More

Glencore has cut its ferro-chrome production guidance for 2019 by 10% to 1.48 million tonnes as part of its extended winter shutdown, the company said on Wednesday July 31. The trader-miner had already reduced its output guidance by 50,000 tonnes to 1.64 million tonnes in April due to "additional maintenance and extended winter shutdowns, amid reduced power availability/challenges in South Af...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 31:Aluminium scrapGroup 1 pure 99% & litho, delivered consumer UK, ?/tonne: ?1,280-1,320 per tonne from ?1,260-1,300Clean HE9 extrusions, delivered consumer...Read More

Publisher's Note: President Trump recently nominated a prominent gold bug, Judy Shelton, to the Fed and the politicians and partisans on both sides are abuzz.Read on for an excerpt from The Dines Letter for a realistic look at how investors should consider the Fed, currencies, and gold.Call it like you see it,Nick HodgeHe is rich who owes nothing, and is satisfied....Read More

Jul 31, 2019 Guest(s): Kiana Danial Kiana Danial, CEO of Invest Diva Facebook's Libra and bitcoin are fundamentally different, and with the launching of its new cryptocurrency, the social media giant could position itself as a "bank" to billions of its users around the world, said Kiana Danial, CEO of Invest Diva and author of Cryptocurrency Investing For Dummies. "Facebook's Libra has the reach...Read More

Zinc was lower at the close of trading on the London Metal Exchange on Thursday August 1, falling by some 1.3%, although nickel eked out some gains above $14,500 per tonne. Zinc and lead futures were the day's underperformers, closing at $2,404 per tonne while and below resistance at $2,000 per tonne respectively. The zinc-lead price differential, or switch, continues to narrow from earlier this y...Read More

Ximen Mining Corp.'s ambitions begin with re-examining the historic Kenville Gold Mine near Nelson, BC, a funky town more recently known for its ability to mine tourist dollars.Ambitious junior exploration stocks have achieved several promising high-grade discoveries in British Columbia in recent years. This has ignited a mini bull market and contributed to some impressive gains for the companies...Read More

Shanghai-bonded copper stocks hit an eight-month low at the end of July due to a fall in refined copper imports so far this year, while nickel and aluminium inventory rose due to arbitrage losses that are discouraging traders from delivering materials out of the bonded zone. Copper stocks hit their lowest level since mid-November Zinc stocks declined amid long-contract clearance, transshipme...Read More

A 10% month-on-month drop in Shanghai-bonded copper stocks in July has been more than offset by climbing exchange stocks, which have dampened any supportive effect on copper prices in China. Shanghai-bonded copper stocks fell to an eight-month low in July, reflecting much less refined copper imports so far this year. Nonetheless, increasing copper stocks in London Metal Exchange and Shanghai Futur...Read More

Weekly Reports |Jul 30 2019With section 232 uncertainty finally put to rest, nuclear utilities remain out of the market as they prepare submissions for the president's nuclear Working Group.-No utility interest for spot uranium last week-Rush on to prepare submissions-Cameco to continue with spot purchasesBy Greg PeelIt was hoped that once the section 232 decision was settled one way or the ot...Read More

Multi-year lows in smelting income have sharply reduced China's production of intermediate copper products, which are primary smelting products and feed to produce copper cathodes, forcing dozens of domestic refineries to search for these materials overseas. "I have got inquiries for blister copper from eight refineries in just a week. I haven't seen anything like that before. It's such a shame th...Read More

Gold has fallen from above US$1,433 an ounce yesterday to about $1,410/oz on the spot market earlier.However US market futures were looking positive at the time of writing, while key European market futures were mainly lower.US Federal Reserve chairman Jerome Powell warned against expecting a lengthy monetary easing cycle but did not rule out another rate cut, Bloomberg reported.Attention will now...Read More