A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 7.Please click...Read More
Nickel's three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move.The metal's three-month price settled at $14,810 per tonne by the 5pm close on Wednesday, but was subject to a sudden bout of fresh buying at 5:30pm London time,...Read More
The weaker aluminium premium in the US Midwest reduced the arbitrage opportunities between Southeast Asian warehouses over July, Fastmarkets learned.The aluminium premium in the United States continued to dip into August as well, hitting its lowest since last March.Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp Midwest US was at $401.02 per tonne...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average climbed out of a nearly 600-point drop to finish mixed, a wild trading day sparked by fears over the U.S.-China trade war. Walt Disney (DIS - Get Report) shares fell after the media powerhouse posted weaker-than-expected third-quarter earnings. Walt Disney is Real Money's Stock of the Day....Read More
Glencore has further cut its copper guidance for 2019 amid a slide in the red metal price, citing a slower-than-expected ramp-up in African copper operations, the trader-miner said on Wednesday August 7. Glencore has reduced its 2019 full-year copper guidance to 1.4 million tonnes, according to its half-year results report released on Wednesday. The reduction comes from a 50,000-tonne cut in the o...Read More
Gold has reached a fresh high in Australian dollar terms today of A$2,224.53/oz and had hit a record high in British pounds on Monday of £1,209.55/oz, Reuters reported.It was above US$1,485 an ounce on the spot market earlier, a level last seen in April 2013.US market indices closed higher but Europe and Toronto ended in the red on Tuesday, while the Australian dollar has slid to its lowest...Read More
While trade war and global growth concerns have kept the price of zinc down, New Century managing director Patrick Walta sees some of the future developments that'll be needed to come on line asRead More
Key data from Fastmarkets' Wednesday August 7 pricing session in Europe:Key drivers Ferro-titanium suppliers increase offer prices, with the range moving slightly higher at the top end, although overall business conditions are quiet given the time of year. At present there is tight availability on a spot basis and an increase in buying inquiries for August and September, although consumer demand i...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the AT&T Workforce Manager enterprise application is now available on the Uniden (R) UV350 in-vehicle phablet through AT&T (NYSE:T).AT&T Workforce Manager is an award-winning, cost-effective, cloud-based, all-in-one intuitive software for managing employees, vehicles and as...Read More
Ferro-chrome market conditions will remain challenging in the near term due to oversupply and macroeconomic factors, Glencore warned on Wednesday August 7.The trader-miner noted an average charge chrome price of 81 cents per lb in the first half of 2019, referencing Fastmarkets' ferro-chrome index 50% Cr import, cif Shanghai, $/Ib contained Cr, down by around 16% year on year.The index has held at...Read More
Alcoa closed the mine and power station in Australia's south-east in 2015 after 46 years of operation.Eden created Biomes in a former china clay quarry in Cornwall, England, which has attracted 21 million visitors since opening in 2001.The Eden Project Anglesea concept plans to "immerse visitors in the extremes of the elements - earth, air, water, fire" and create a must-see prelude to a journey o...Read More
Click to enlarge chartA Pittance for GeniusThe late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can't win at three-card monte. That's the game where a grifter lays three playing cards on a makeshift table, instructing you to follow the queen. He turns them face-down, flipping the queen over now and then to make it easier for you to keep tra...Read More
Glencore's decision to shut its Mutanda copper-cobalt mine and reduce the production guidance for its Katanga cobalt asset, both in Democratic Republic of Congo, spurred producers and consumers to look for higher spot prices toward the end of Fastmarkets' pricing session on Wednesday August 7.Fastmarkets' benchmark price for cobalt, standard grade, in whs Rotterdam, rose by 4% to $12.25-13.95 per...Read More
By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
We have long held the view that there is a race against time between the trade disputes tipping the global economy toward recession and a trade deal spurring growth while businesses restock as their confidence recovers. For now, the slip toward recession seems to be winning. Equities in Asia were mixed on Wednesday August 7 after a mixed performance in western markets on Tuesday, but more central...Read More
Cobalt market participants expect a further uptick in cobalt hydroxide payables, following the news that Glencore intends to temporarily shut down its Mutanda project in Democratic Republic of Congo (DRC), Fastmarkets learned at Antaike's Battery Materials Conference in Guiyang, southwest China, being held August 7-8.But the slow response of the downstream battery sector may hinder any immediate s...Read More
Cobalt prices in the Chinese market, including cobalt metal and sulfate, rose quickly on Wednesday August 7, with sentiment strengthening after concerns of near-term supply surplus eased to a large extent.Earlier in the day on August 7, Glencore announced it will shut its Mutanda copper-cobalt mine in the Democratic Republic of the Congo (DRC) by the end of 2019 for care and maintenance, mainly as...Read More
Do you know Tobey Gus?You might.Everyone knows an investor like Tobey.He may not have a Wall Street level of investment acumen at his disposal, but he knows enough to invest for his family's financial future.But Tobey has one fatal flaw when it comes to investing...He panics.Whether or not he realizes it, he's an emotional investor. One day his long-term confidence is unwavering; the next day his...Read More
Glencore will shut its Mutanda copper-cobalt mine in the Democratic Republic of the Congo (DRC) by the end of 2019 due to slumping cobalt prices, the trader-miner announced on Wednesday August 7.The asset will be placed on care and maintenance in a decision the company said "reflects its reduced viability in the current market environment, primarily in response to low cobalt prices." Glencore...Read More