Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 20. Please click...Read More
* Investors await Fed minutes on Wednesday, cenbanks' summit * Silver up 1% to trade above $17; Palladium hits 2-wk high * Spot gold may test support at $1,483 per ounce - techs * GRAPHIC-2019 asset returns: (Updates prices)By Brijesh PatelAug 20 (Reuters) - Gold rose back above $1,500 an ounce onTuesday, rebounding from the previous day's sharp losses asinvestors switched focus to the minutes of...Read More
The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday's close at $15,920 per tonne.The LME's nickel inventory volumes stayed flat during the day's trading. The September/three-month spread was in a backwardation of $40 per tonne and the cash/three-month spread in...Read More
Demand for deep-sea scrap in Turkey remained sluggish because of the weak markets for finished long steel and billet, sources said on Tuesday August 20.There were only a few mills in the market looking to book scrap this week, while many other mills were quiet, and had halted or cut production, the sources said."I heard that three steel mills were looking for deep-sea material today," a Turkish mi...Read More
The CIS export billet market has remained quiet since the end of a religious holiday in the Middle East, Africa and Asia, with the lack of activity being blamed on a growing gap between bids and offers.CIS producers continued to insist on $410-415 per tonne fob Black Sea for September-rolling material in the week ended Tuesday August 20, while bids were heard at $400 per tonne fob and lower.One Ru...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday August 20 that are worth another look.Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and - in doing so - brought forward expectations of a shortfall in cobalt supply.Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing it...Read More
The yellow metal always makes headlines whether it's price go up, down or remain stagnant. And it's clear that the price of gold is volatile. So, should you add gold to your portfolio? "I like gold as a part of a portfolio, but it should be a percentage of the portfolio," said Tony Drake, CEO at Drake and Associates in our Ask the Expert series. "But like anything else who want to...Read More
Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and in doing so bring forward expectations of a shortfall in cobalt supply. But with other projects ramping up or in the pipeline, stockpiles to be worked through, and a short-term approach to raw materials procurement, Chinese battery-related buyers are skeptical they will be affected by tightness i...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 20. Please click...Read More
The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday's close at $15,920 per tonne.The LME's nickel inventory volumes stayed flat during the day's trading. The September/three-month spread was in a backwardation of $40 per tonne and the cash/three-month spread in...Read More
Seaborne coking coal prices for premium hard coking coal materials firmed this week on continued buying activity from China. A cargo of top-quality Australian premium low-vol materials changed hands at $167.25 per tonne cfr China, with a mid-vol quality cargo changing hands at $160 per tonne cfr China, sources said on Tuesday August 20. The trades resulted in Fastmarkets' daily index for premium h...Read More
Gold and the dollar are at a crossroads in terms of relative performance.U.S. intervention to weaken the dollar is a possibility in coming months.Regardless, global tensions virtually assure continued strength for gold.The strange persistence of the strong dollar with the rising gold price has puzzled many participants this year. Some are even beginning to suggest that the dollar's inverse relatio...Read More
Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and in doing so bring forward expectations of a shortfall in cobalt supply. But with other projects ramping up or in the pipeline, stockpiles to be worked through, and a short-term approach to raw materials procurement, Chinese battery-related buyers are skeptical they will be affected by tightness i...Read More
Prices for most flat steel products imported into the United Arab Emirates and Saudi Arabia decreased on lower offers heard in the week ended Tuesday August 20, with demand yet to recover after the Eid al-Adha religious holiday last week.The market was expected to improve later in the month, when the holiday season comes to an end.UAEOffers on imports of hot-rolled coil (HRC) from China and Japan...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday August 20 that are worth another look.Cobalt prices have risen by more than 25% since Glencore announced it would close its Mutanda mine and - in doing so - brought forward expectations of a shortfall in cobalt supply.Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing it...Read More
Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery GCZ19, -0.01% fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver SIU19, -0.34% declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending T...Read More
Namibia-based tin mining company Afritin Mining has begun mining in the Erongo district of Namibia, producing its first batch of tin concentrates from its Uis project, while the company also signed a 12-month offtake agreement with Thailand Smelting and Refining Co Ltd (Thaisarco). The Uis tin mine is situated in the Cape Cross-Uis tin pegmatite belt, an expansive mineralisation zone located in Na...Read More
Ahead of Fastmarkets' Battery Materials Europe conference in Amsterdam, find out what our industry experts think are the key drivers in the market and what's on the horizon. Fastmarkets will host a free web seminar on Wednesday September 18 at 3pm London time to discuss recent market moves in the battery raw materials sector. Click here to register for the webinar. Date Wednesday September 18, 201...Read More
The aurora borealis over Great Bear Lake where several old mine sites on the eastern shore are to be remediated. (Image: Reuters)YELLOWKNIFE, NWT - The federal government has announced it will invest $2.2 billion over the next 15 years for the cleanup of various mine sites in the Yukon and Northwest Territories.The announcement was made by the Hon. Carolyn Bennett, Minister of Crown-Indigenous Rel...Read More