Spot copper concentrate treatment and refining charges (TC/RCs) continued to fall this week with tenders for nearby cargoes reaching new lows amid concerns over delivery delays from Peru's southern copper belt. At $51.2 per tonne / 5.12 cents per lb on Friday July 26, Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific is slightly down against last Friday's $51.6 / 5.16 cents. The...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Bob Moriarty ArchivesJul 27, 2019The U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) just had its two-year anniversary at the end of June, and since inception, the fund has absolutely obliterated its main competition.GOAU delivered a remarkable 41% since inception through July 24, crushing the hugely popular VanEck Vectors Gold Miners ETF (GDX) and VanEck Vectors Junior Gold Miners...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Spot copper concentrate treatment and refining charges (TC/RCs) continued to fall this week with tenders for nearby cargoes reaching new lows amid concerns over delivery delays from Peru's southern copper belt. At $51.2 per tonne / 5.12 cents per lb on Friday July 26, Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific is slightly down against last Friday's $51.6 / 5.16 cents. The...Read More
Adam HamiltonArchivesJul 26, 2019 Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold's upside. Silver is not only radically undervalued relative to gold, but investors...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday July 26. China Chrome ore prices continued to rise amid bullish sentiment and strong demand from downstream consumers even though some smelters are running at a loss. Chinese major stainless steel mill Tsingshan released its August tender price at 6,296 yuan...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq and S&P 500 hit an all-time intraday highs and record closes Friday as Google parent Alphabet (GOOGL - Get Report) jumped after beating earnings expectations. Alphabet is Real Money's Stock of the Day. U.S. gross domestic product, the broadest gauge of economic activity, fell to 2.1% in the second quarter from the first-q...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both units for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo (DRC), according to court documents filed in the United States.Plaintiff Alain Vignon, who was employed at Gerald from April 2011 until June 2016 a...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Orca last week said it would put its Côte d'Ivoire assets into a new, private company in a combination with Avant Minerals, to be called Montage Gold and owned 60% by Orca prior to a minimum C$7Read More
UK alloy steel scrap price ranges increased and also widened in the past week amid volatile nickel prices and weakness of sterling versus the dollar, sources told Fastmarkets on Friday July 26.After increasing sharply since the start of July, this week nickel prices were volatile but ended lower week on week. Sources said, however, that the lack of a steady trend meant that many had thought that v...Read More
Global ferrous scrap prices moved down during the week ended Friday July 26, because of lower priced deals, weak demand and high inventories. Turkish import prices down on fresh deals US export prices down on recent deals Asian import prices down on high inventories Indian prices continue to fall in weak market.TurkeyTurkish steel producers made four cargo purchases this week for August shipments....Read More
The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per t...Read More
Ajist S Mauskar of Bank Muscat led the base metals leaderboard in the Apex second-quarter 2019 contest, with an accuracy rating of 98.2%, while INTL FCStone's Edward Meir was top of the precious metals table with 98.9% accuracy.For steel raw materials, Daniel Hynes and Soni Kumari of ANZ were at the top of the leaderboard with 96.36% accuracy.Click on the image below to download the full report.Se...Read More
Gold futures settled sharply lower Thursday, reversing a morning climb, after the European Central Bank's decision to signal its plan to ease monetary policy disappointed investors by not including immediate action or details of its likly efforts. The ECB said it stood ready to cut interest rates and deliver "highly accommodative" monetary policy, including additional asset purchases, in its effo...Read More
With little changed in the big picture, markets continue to oscillate while they consolidate - US and European equity indices were lower on Thursday July 25 and most Asian equities were weaker this morning.London Metal Exchange lead price remains directional, other base metals are working sideways.US second-quarter GDP data out on Friday likely to set the tone.Base metalsVolume on the LME remains...Read More