(Corrects last paragraph to remove reference to company mininggold)July 25 (Reuters) - Canadian miner Teck Resources Ltdon Thursday reported quarterly profitslightly below analyst estimates, hurt by lower copper and zincprices.The ongoing U.S.-China trade war and slowing macroeconomicoutlook have hurt copper prices and other base metal prices,hurting Teck's income.Production at its steelmaking coa...Read More

There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.Manufacturing purchasing managers' index (PMI) data out on Wednesday was generally negative, apart from a pick-up in Japan's figure.Asian equities are showing strength with China's...Read More

(Updates with closing prices)By Peter HobsonLONDON, July 25 (Reuters) - Nickel prices dived more than 3%on Thursday, its blistering rally unwinding as a sharp slowdownin euro zone factory activity undermined the outlook for metalsdemand.Benchmark nickel on the London Metal Exchange (LME)ended 3.3% down at $14,075 a tonne.The stainless steel ingredient hit $15,115, its highest in ayear, on July 18...Read More

Key data from the Wednesday July 24 pricing session in Shanghai. Key driversThe price of cobalt metal in China is steady so far this week after narrowing upward on July 19 against a backdrop of aggressive speculative buying. But the number of spot trades fell despite active inquiries after investors took a more cautious stance following the increase in prices. Spot availability...Read More

Domestic prices for heavy steel plate have been largely stable across Europe over the past week in the slow market, sources told Fastmarkets this week.Demand will decline further in August due to the traditional market slowdown over the summer period."The market is slow, which is normal at this time of the year," an Italian source said."Mills will try to increase offers [for plate] in Se...Read More

China's hot-rolled coil prices rebounded on Thursday July 25 in line with rising futures bolstered by expectations of stricter production curbs toward the end of the month.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($558-561) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, up 10 yuan per tonnePrices rebounded amid an increase in trading activity in the...Read More

We learned from Ron Netolitzky, President and CEO of MAS Gold Corp. (TXSV-MAS) that they are a Canadian mineral exploration company, focused on exploration projects in Saskatchewan, along the La Ronge Greenstone Belt. MAS Gold's projects include the advanced-stage, high-grade Greywacke deposit with a NI 43-101 compliant resource. With the addition of the Elizabeth Lake VMS deposit and Henry Lake a...Read More

Elizabeth (Erzs?(C)bet) B??thory was a Hungarian countess in the 16th and 17th centuries.Born in 1560 to one of the most powerful and influential families in Hungary, she was the daughter of Baron George B??thory and Baroness Anna B??thory.She was royalty.But that's where the fairy tale ends.As a young child, her life's story would take a dark and brutal turn that's still with us today.In fact, he...Read More

Here are five Fastmarkets MB stories you might have missed on Thursday July 25 that are worth another look.The United States' non-ferrous scrap export market was mixed through May, with year-to-date shipments of aluminium scrap rising while those of copper scrap fell versus the same period last year. Even after US President Donald Trump reduced the Section 232 tariff applied to US imports of Turki...Read More

Even after US President Donald Trump reduced the Section 232 tariff applied to US imports of Turkish steel back to 25%, rebar shipments from that country are unlikely to make a splash in the US market, given declining domestic prices and ongoing geopolitical tensions, Fastmarkets understands. When the decision to cut the previously doubled tariffs in half was announced in late May, sources anticip...Read More

The Brazilian steel association, A??o Brasil, has slashed its forecasts for steel production and consumption in 2019, because of a weak performance in the first half of the year, it said on Thursday July 25.Steel output was now expected to reach 35.55 million tonnes this year, growth of only 0.40% from the 35.41 million tonnes produced in 2018.This compared with the previous expectation for growth...Read More

Turkish steel producers stayed out of the deep-sea scrap market on Thursday July 25 and are expected to remain absent until the end of the week, sources told Fastmarkets.Market participants reported "silence" in the market since a steel mill in the Marmara region of Turkey, bought a mixed cargo from the United States...Read More

Seaborne iron ore prices pushed up on Thursday July 25, with firmer spot trades supporting the increases, sources told Fastmarkets. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $116.92 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr...Read More

The CIS export billet market has softened through the past week amid a lack of interest among customers in the major outlet regions, Fastmarkets heard on Thursday July 25.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $415 per tonne on July 25, down by $2 per tonne day on day.Offers of CIS-origin billet from mills and traders were heard around $415-425 per tonne fob Black S...Read More

The headwinds created by political uncertainties, on-and-off trade negotiations and the enactment of tariffs hurt mergers and acquisitions (M&A) activity in the metals sector during the second quarter of this year, according to a quarterly report by consultancy group PwC. While overall deal volume remained relatively consistent with the trailing 12-month average, overall disclosed deal volume decl...Read More

Stefan Gleason, Money MetalsHow low will they go?With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom.As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice...Read More

* Download MP3RecapIn Part II of the discussion with the founder of Corona Capital Management John Scurci, continues with his perspective on the financial markets. This is not a time for financial complacency notes, amid mountains of national debt on a global basis and central banking intervention on an epic scale. The scope and scale of the impending financial deluge will be incomparable...Read More

Add to stock market bulls' wall of worry a drop in West Coast home prices for the first time in seven years. This is part of a larger trend that saw U.S. home sales down 2.2% compared to a year ago. That's the 16th straight month of annual sales declines, even as mortgage rates have fallen since last October from 4.95% to 3.75%. Some observers profess to be mystified, since the economy appears t...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

For Part 1 of this interview, CLICK HEREMax continues his talk with Chris Martenson of PeakProsperity.com about the global financial and monetary systems. They discuss the return of the bull market in gold.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, a...Read More