Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets...Read More
Argo Gold (CSE: ARQ) is a Canadian company focused on gold exploration projects in central and northwestern Ontario that have indications of economic viability. All of Argo Gold's projects are 100% owned. The high-grade flagship, Woco Gold Project, is located 1.5 kilometres south of the past-producing Uchi Mine in the Birch-Uchi Greenstone Belt, which also hosts the multi-million ounce Springpole...Read More
Did you hear the news?Twenty-one Sears and five Kmart stores will be closing in October.I didn't even know either of those stores still existed.I thought they faded into the backdrop of progress years ago, leaving a scattering of empty storefronts and littered strip malls in their wake.I don't say this to be cruel, though.In fact, I have fond memories of my father buying me $0.25 ham sandwiches fr...Read More
Brazilian steelmaker Gerdau has decided to postpone some of its capacity expansion investments expected for 2019 amid a weaker-than-expected local economy, while reporting year-on-year output growth for the second quarter.It has maintained, however, its 7.1 billion Reais ($1.79 billion) total capital expenditure plan through 2021.The company estimated 1.84 billion Reais of investments for 2019, a...Read More
Eastern China's hot-rolled coil prices recovered some losses on Thursday August 8, building on a pick-up in trading activity on Wednesday afternoon.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($526-529) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,740 yuan per tonne, unchangedA Shanghai-based trader said sellers in the city raised prices to 3,730 yuan per tonne in the morn...Read More
The Brazilian scrap market is facing a downturn in prices this year, despite the fact that material generation is currently at a low level, sources told Fastmarkets on Thursday August 8.Prices of ferrous scrap have fallen by around 40-45% from January to date, due to the weak performance of the long steel sector and high scrap inventories in mills, market participants said.In some mills in the sou...Read More
Ferrous scrap prices are expected to remain stable in the United States through the second half of the year, compared with the downward momentum during the first six months, despite the recent recovery in prices, Gerdau chief executive officer Gustavo Werneck said on Wednesday August 8.While US scrap prices rebounded in the August trade, Werneck did not expect that upward movement to continue over...Read More
Brazilian steel producer Gerdau took a stronger stance in negotiations with pig iron and ferrous scrap suppliers in the second quarter to keep its metal spread from falling, chief executive officer Gustavo Werneck said in a conference call on Wednesday August 7."It has been difficult to pass on higher production costs in a low-demand scenario [by way of higher product prices], so we needed to take...Read More
The Brazilian scrap market is facing a downturn in prices this year, despite the fact that material generation is currently at a low level, sources told Fastmarkets on Thursday August 8.Prices of ferrous scrap have fallen by around 40-45% from January to date, due to the weak performance of the long steel sector and high scrap inventories in mills, market participants said.In some mills in the sou...Read More
Scrap metal cargoes from Japan have been refused entry into South Korea over the past two weeks after the country's customs started asking for certificates to prove radiation levels, sources told Fastmarkets. South Korea has also stepped up radiation checks on Japanese ferrous scrap imports, with inspectors reportedly boarding "every single vessel transporting Japanese ferrous scrap... to carry ou...Read More
- Gary Christenson, The Deviant InvestorBreaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.Gold closed at its highest price since 2013.Read: Silver Prices - The Next Five YearsWhat Happens Next?We don't know. Gold has disappointed for...Read More
By: Ira EpsteinBig violent Summer trading day in the general markets. Bonds getting ahead of themselves? 1% US 10-Year Note yields... 0% yields?Gold took off last Thursday, 18-DMA now $1,445 and rising, bias is up:Read More
By Avi GilburtIn 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTHThis made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.It seems that every single analyst that you read regarding the gold market parrots the exact same thesis: If the dollar rises gold falls, and if the dollar falls gold r...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
The Turkish deep-sea scrap markets went quiet again one day after the sale of a US-origin cargo because the mills were expecting lower prices, sources said on Thursday August 8.A steel mill in the Iskenderun region booked a US cargo of HMS 1&2 (90:10) and shredded at an average price of $294 per tonne cfr on August 7, which sent the daily indices down by almost $4 per tonne on the day.But the mill...Read More
? + "Get knowledgeable and get prepared as this crisis is going to be the worst in my life time"? + "I own physical gold and silver coins ... everyone should own them"? + "I own Chinese, Russian, American, Australian, Austrian silver coins" and "I own UK gold coins and I own a lot of gold coins from various places"? + "Singapore has been and is a very safe location for storage, Switzerland is too,...Read More
Billet prices in the Turkish domestic and import markets have weakened over the past seven days because of poor demand and a downturn in raw materials prices, sources said on Thursday August 8.Negative sentiment continued to dominate the Commonwealth of Independent States (CIS) export market for steel billet in the first week of August, amid a weakening of the finished long steel markets and the r...Read More
Gold and silver prices continue to push higher. They're starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver's performance has so far trailed gold's.Let's take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver.I plotted the annual trading range of the gold price since 20...Read More
Trade wars, escalating tariffs, China devaluing their currency while unloading US Debt and stockpiling gold, ?EUR
*This interview was filmed on July 16, 2019Greg Weldon, founder and CEO of Weldon Financial Publishing, lays out a bullish case for gold based on a series of macro indicators. He believes that a looming recession will force global central banks to react with policy moves that will be overwhelmingly positive for gold. Weldon views gold as a great hedge against anything from a normal recession to a...Read More