Popular News

METALS-Copper boosted by hopes for end to U.S.-China trade war

July 24, 2019 / www.kitco.com

* GRAPHIC-2019 asset returns:* Tin price hits three-year low (Updates with closing prices, date for U.S-China talks)By Pratima DesaiLONDON, July 24 (Reuters) - Copper prices rose on Wednesdayas news that U.S. officials would travel to China next week toresume trade talks helped to boost sentiment in industrialmetals markets under pressure from concerns over growth anddemand.Benchmark copper on the...Read More

Zambian gov declares South African court ruling against KCM liquidation unenforceable

July 25, 2019 / www.metalbulletin.com

While Vedanta cheered over South Africa's recent court ruling against the Zambian government's liquidation of its majority-owned Konkola Copper Mines (KCM), Zambian officials rebuked the decision and denied the enforceability of the foreign ruling that determines the future of the country's largest copper smelting assets. The South Gauteng High Court on Tuesday July 23 granted Vedanta an urgent in...Read More

DAILY SCRAP REPORT: First cargo of the week sends prices down

July 25, 2019 / www.metalbulletin.com

The first transaction of the week led to a fall in prices after a Turkish mill booked a mixed steel scrap shipment from the United States, sources told Fastmarkets on Wednesday July 24.Based in the Marmara region of Turkey, the mill bought a US-origin cargo comprising 21,000 tonnes of HMS 1&2 (80:20) at $294 per tonne, 22,000 tonnes of shredded material at $299 per tonne and 2,000 tonnes...Read More

ANTOFAGASTA AT A GLANCE: higher copper production, lower cash costs in H1

July 25, 2019 / www.metalbulletin.com

A summary of Antofagasta's production results for the first half of 2019.IN BRIEF: First-half copper production of 387,300 tonnes was up 22.2% year on year because of higher throughput and grades at most operations, particularly at Centinela, where output rose by 36.8% to 141,900 tonnes. Production at the flagship mine Los Pelambres was up 13.4% year on year at 180,400 tonnes. First-half moly...Read More

MORNING VIEW: LME base metals prices consolidate, PMI data may provide direction

July 25, 2019 / www.metalbulletin.com

Hopes that a US-China trade deal may be moving a step closer have given equities and US bond yields a slight boost this morning, Wednesday July 24, but the metals have not followed.Further evidence of slowing growth with disappointing US data out on Tuesday, which bodes ill for today's flash manufacturing purchasing managers' index (PMI) data, are no doubt weighing on sentiment.The International M...Read More

Dow Futures Slide as Caterpillar Earnings, Factory Weakness, Hit Global Stocks - TheStreet

July 25, 2019 / www.thestreet.com

The Wednesday Market Minute Global stocks drift lower as weaker manufacturing data underscores trade-related weakness in growth and investment.European manufacturing suffers steepest contraction in seven years in July, pulling the euro to a two-month low ahead of tomorrow's ECB rate decision.U.S. stocks poised near fresh record highs ahead of the busiest day of the second quarter earnings season...Read More

FOCUS: Lithium's volatile evolution prompts companies to rethink how best to trade

July 25, 2019 / www.metalbulletin.com

The dramatic shift in the dynamics of the lithium market over the past four years has changed business practices and increased demand for price transparency. The dramatic shift in the dynamics of the lithium market over the past four years has changed business practices and increased demand for price transparency. Fueled by anticipated growth in the global battery market and the consequent price s...Read More

Argentinian government will back price transparency in lithium sector

July 25, 2019 / www.metalbulletin.com

The Argentinian government will back moves toward price transparency in the lithium market, a senior official in the ministry of mining development has told Fastmarkets.The development of a globally accepted lithium price would help the Argentinian government to develop policy in the country, the country's undersecretary of mining development, Mariano Lamothe, told Fastmarkets recently."Today, the...Read More

Blackstone Minerals (ASX: BSX): Option to Acquire the Modern Mechanized Nickel Mine in Vietnam's Premier Nickel Sulfide District, Interview with Scott Williamson, Managing Director

July 24, 2019 / www.metalsnews.com

Dr. Allen Alper:This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Scott Williamson, who's Managing Director of Blackstone Minerals. Could you give our readers/investors an overview of Blackstone Minerals and also tell them what differentiates Blackstone Minerals from others?Scott Williamson:Thank you for interviewing Blackstone Minerals for Metals News. Much has happened since...Read More

Altus Strategies PLC (AIM: ALS & TSX-V: ALTS): Project and Royalty Generator, Focused on Africa; Interview with Steve Poulton CEO

July 24, 2019 / www.metalsnews.com

Altus Strategies PLC (AIM: ALS & TSX-V: ALTS) is a project and royalty generator, in the mining sector, with a focus on Africa. The Company makes mineral discoveries across multiple licences simultaneously, then creates joint ventures, where partners earn an interest in these discoveries by advancing them toward production. The royalties, generated from the Company's portfolio of projects, are des...Read More

What 5G Means for Manufacturing

July 24, 2019 / www.energyandcapital.com

The next generation of communication technology is here.5G promises futuristic connectivity with speeds 100 times faster than today's systems.The Consumer Technology Association says 5G will allow you to download a two-hour movie in just 3.6 seconds, versus six minutes on current 4G networks.But 5G is much bigger than just faster movie downloads...5G is expected to propel innovation across multipl...Read More

EUROPE HRC: Weak market set to deteriorate further in August

July 25, 2019 / www.metalbulletin.com

Activity in the European hot-rolled coil (HRC) market has been limited over the past week due to high stocks at distributors and poor demand from end users, sources told Fastmarkets on Wednesday July 24.And demand is expected to slow down further in August due to traditional market cycle, with European steelmakers usually scheduling maintenances for the second half of summer and buyers preferring...Read More

Video Summary: Short and insider selling add up to a rainy period for HEXO

July 23, 2019 / www.canadianinsider.com

Here is the video summary of the July 10th INK Morning report describing a bearish set up for Canadian marijuana grower HEXO. The report and video were distributed to INK subcribers on publication day. The report is not a recommendation to buy or sell securities.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage....Read More

ThyssenKrupp to build new chromium coating line for packaging steel [UPDATED]

July 25, 2019 / www.metalbulletin.com

German steelmaker ThyssenKrupp approved investment funds to build a 230,000 tonne per year chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations, with production capacity remaining approximately...Read More

CHINA HRC: Weak demand forces sellers to cut prices

July 25, 2019 / www.metalbulletin.com

China's hot-rolled coil sellers cut their prices on Wednesday July 24 amid weak demand, although some participants believe a rebound could take place in days due to ongoing production curbs in the northern region.DomesticEastern China (Shanghai): 3,830-3,850 yuan ($557-559) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, down 20 yuan per tonneSpot prices fell...Read More

EUROPE WIRE ROD: Southern European mills push for higher domestic prices ahead of summer break

July 25, 2019 / www.metalbulletin.com

The price of mesh-quality wire rod in Southern Europe continued to narrow upwards week on week on Wednesday July 24, with Italian mills looking to raise their offer prices ahead of the summer slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?480-500 ($536-559) per tonne on Wednesday, narrowing...Read More

EUROPE SECTIONS: Prices diverge on feedstock restrictions, higher imports

July 25, 2019 / www.metalbulletin.com

The domestic prices for hollow steel sections in both Northern and Southern Europe widened this week, with increases proposed for trading done after the summer break, sources told Fastmarkets on Wednesday July 24.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?615-630 ($687-704) per tonne on Wednesday, widening downward from ?,?620-630 per ton...Read More

SOUTHERN EUROPE REBAR: Prices stable as mills try to raise offers

July 25, 2019 / www.metalbulletin.com

The price for rebar produced and delivered in Southern Europe was unchanged week on week, with Italian mills continuing their attempts to raise prices before the traditional August holiday period, sources told Fastmarkets on Wednesday July 24."We are chasing a demand that is lacking. Buyers are reluctant to place new orders until they have a clear perspective on the price direction," one Southern...Read More

It's Just A Matter Of Time (before the market tips over again)

July 24, 2019 / news.goldseek.com

- Dave KranzlerTexas Instruments reported its Q2 yesterday after the close. Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN's business model by adding nearly $8 billion to TXN's valuation as I write this.The Dow Jones Transports index is up 1% on the news that the U.S. is sending envoys over to...Read More

Gold and silver are starting to ignore the currency manipulation

July 24, 2019 / news.goldseek.com

Gary Savage - gold, silver update:Gary Savage Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok