Fastmarkets on Wednesday July 31 launched weekly export price assessments for stainless steel cold-rolled coil, grade 304 (2mm), fob China, $/tonne and stainless steel hot-rolled coil, grade 304, fob China, $/tonne.The launch of these assessments following a month-long consultation reflects China's status as a major exporter of stainless steel. They will serve as important benchmarks for the inter...Read More

Glencore has cut its ferro-chrome production guidance for 2019 by 10% to 1.48 million tonnes as part of its extended winter shutdown, the company said on Wednesday July 31. The trader-miner had already reduced its output guidance by 50,000 tonnes to 1.64 million tonnes in April due to "additional maintenance and extended winter shutdowns, amid reduced power availability/challenges in South Af...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 31:Aluminium scrapGroup 1 pure 99% & litho, delivered consumer UK, ?/tonne: ?1,280-1,320 per tonne from ?1,260-1,300Clean HE9 extrusions, delivered consumer...Read More

Publisher's Note: President Trump recently nominated a prominent gold bug, Judy Shelton, to the Fed and the politicians and partisans on both sides are abuzz.Read on for an excerpt from The Dines Letter for a realistic look at how investors should consider the Fed, currencies, and gold.Call it like you see it,Nick HodgeHe is rich who owes nothing, and is satisfied....Read More

Jul 31, 2019 Guest(s): Kiana Danial Kiana Danial, CEO of Invest Diva Facebook's Libra and bitcoin are fundamentally different, and with the launching of its new cryptocurrency, the social media giant could position itself as a "bank" to billions of its users around the world, said Kiana Danial, CEO of Invest Diva and author of Cryptocurrency Investing For Dummies. "Facebook's Libra has the reach...Read More

Zinc was lower at the close of trading on the London Metal Exchange on Thursday August 1, falling by some 1.3%, although nickel eked out some gains above $14,500 per tonne. Zinc and lead futures were the day's underperformers, closing at $2,404 per tonne while and below resistance at $2,000 per tonne respectively. The zinc-lead price differential, or switch, continues to narrow from earlier this y...Read More

Ximen Mining Corp.'s ambitions begin with re-examining the historic Kenville Gold Mine near Nelson, BC, a funky town more recently known for its ability to mine tourist dollars.Ambitious junior exploration stocks have achieved several promising high-grade discoveries in British Columbia in recent years. This has ignited a mini bull market and contributed to some impressive gains for the companies...Read More

Shanghai-bonded copper stocks hit an eight-month low at the end of July due to a fall in refined copper imports so far this year, while nickel and aluminium inventory rose due to arbitrage losses that are discouraging traders from delivering materials out of the bonded zone. Copper stocks hit their lowest level since mid-November Zinc stocks declined amid long-contract clearance, transshipme...Read More

A 10% month-on-month drop in Shanghai-bonded copper stocks in July has been more than offset by climbing exchange stocks, which have dampened any supportive effect on copper prices in China. Shanghai-bonded copper stocks fell to an eight-month low in July, reflecting much less refined copper imports so far this year. Nonetheless, increasing copper stocks in London Metal Exchange and Shanghai Futur...Read More

Weekly Reports |Jul 30 2019With section 232 uncertainty finally put to rest, nuclear utilities remain out of the market as they prepare submissions for the president's nuclear Working Group.-No utility interest for spot uranium last week-Rush on to prepare submissions-Cameco to continue with spot purchasesBy Greg PeelIt was hoped that once the section 232 decision was settled one way or the ot...Read More

Multi-year lows in smelting income have sharply reduced China's production of intermediate copper products, which are primary smelting products and feed to produce copper cathodes, forcing dozens of domestic refineries to search for these materials overseas. "I have got inquiries for blister copper from eight refineries in just a week. I haven't seen anything like that before. It's such a shame th...Read More

Gold has fallen from above US$1,433 an ounce yesterday to about $1,410/oz on the spot market earlier.However US market futures were looking positive at the time of writing, while key European market futures were mainly lower.US Federal Reserve chairman Jerome Powell warned against expecting a lengthy monetary easing cycle but did not rule out another rate cut, Bloomberg reported.Attention will now...Read More

The company, which has lifted 2019 production guidance to 7.5-7.9 million tons from the previous 7.1-7.5Mt on the back of record June quarter sales and production volumes 2.24Mt and 2.195Mt, respectively, generated net income of US$125.5 million on $397.6 million revenues for the quarter, up 37% and 22.9% year-on-year, respectively. It said it sold 97% of its coal at the Australian premium low-vol...Read More

California-based Tetra Tech's $52 million acquisition of WYG and its circa-$200 million of annual revenue was a key strategic move for the company, CEO and chairman Dan Batrack said."While financially we had an all-time record quarter, I am even more pleased that we took a significant step forward in our strategic plan to offer services in the United Kingdom with the addition of WYG," he said.Tetr...Read More

RPMGlobal's new president Americas, Patel has spent 15 of his 25 years in mining in operations and was corporate manager, mineral processing and metallurgy at Kinross Gold Corp before joining RPA.Philippe Baudry, RPMGlobal executive general manager - advisory services, said the company was seeing strong customer demand, "particularly in the minerals and metals space"."Akoo's appointment reflects a...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down nearly 300 points Thursday after President Trump said the U.S. would impose an additional 10% tariff on $300 billion in Chinese goods. Verizon Communications (VZ - Get Report)  slipped after the telecom giant posted better-than-expected second-quarter earnings and increased its full-ye...Read More

- Ronan Manly, Bullion StarThe US Federal Reserve's Federal Open Market Committee (FOMC) today announced a 0.25% cut in the influential US federal funds rate from a target range of 2.25% - 2.50% to a target range of 2.00% - 2.25%, a move which was closely watched and widely signaled, but which was the first such fed funds rate cut in over 10 years.As an official interest rate which affects...Read More

By: Ira EpsteinThis was an insurance rate cut. US is just starting to embark on easing rates. World economies race to bottom. One after another coming. What about gold? A strong dollar is not gold's friend, but don't fret..Read More

Gold and silver fell after the Federal Reserve stance on interest rate cut. There can be more fall today and tomorrow as well. Friday's US July nonfarm payrolls needs to come in below 100,000 for gold and silver bulls to revive. For now gold and silver bears have an upper edge. Traders and markets were way ahead on interest rate cut stance. The Federal Reserve chairman muted all those who were...Read More

Key data from the Wednesday July 31 pricing session in Shanghai and London. Key drivers  Cobalt hydroxide payables recover slightly in the second half of July alongside a slight recovery in cobalt sulfate prices in the last week of the month. Greater optimism in China comes from falling standard grade cobalt prices, which eases production margins.  Inquiries and business both...Read More