On April 21st of this year, the government quietly made a move that will usher in a brand-new, multibillion-dollar industry.But it wasn't something that it actively did - like pass a new law or kill an old regulation. It was actually something it didn't do...The U.S. government neglected to renew a patent that had been on the books for 16 years. It was - at the time - a rather forgettable ripple i...Read More

The three-month copper price on the London Metal Exchange continued its downtrend over Monday August 5, closing below the nearby $5,700-per-tonne support level to reach its lowest settlement since June 2017, while nickel futures near $15,000 per tonne. Nickel continued to trade down over the day, closing at $5,685 per tonne after slipping to an intraday low of $5,640 per tonne this morning and fai...Read More

Palladium futures dropped by more than 7% on Thursday to log their largest one-day loss in over four months and leading broad declines in the New York metals market. The steep losses for the metal came as the U.S. dollar DXY, -0.23% touched a two-year high in the wake of the Federal Reserve monetary policy decision Wednesday. The U.S. central bank delivered a widely-expected quarter-point interes...Read More

Tin's three-month price on the London Metal Exchange declined during morning trading on Monday August 5, maintaining its downward price action while nickel futures traded higher.Reaching an intra-morning low of $16,800 per tonne from a high of $17,025 per tonne, tin's futures price is down by some 1.3% on the day with just over 60 lots traded as of 9:05am London time. Selling pressure began t...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down more than 700 points, or nearly 3%, Monday in its worst day of the year as China hit back at President Donald Trump's move to accelerate tariffs on China-made goods by allowing the yuan to slip to the lowest levels against the dollar in more than a decade.  Tyson Foods (TSN) share...Read More

Sentiment in financial markets continues to weaken following last week's collapse of US-China trade talks and US president Donald Trump's latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Gold price reaches a...Read More

Beijing allowed the yuan to tumble to its weakest level in a decade against the US dollar and asked state-owned companies to suspend imports of US agricultural products, Bloomberg reported, following US president Donald Trump's surprise threat late last week of further tariffs.Trump's move saw commodity prices slump on the London Metal Exchange, with economic bellwether copper closing down 2.9%.Fr...Read More

The following is an email sent to me this morning by my friend since 1980 Ray Langevin of Ste-Foy, Quebec. Ray is chastising me for suggesting that we may need corrections. He has hurt my feelings with his admonishment not because he may be totally correct but because he writes in English better than I can.KC, you see what may happen when you call me to tell me that the gold market has gone up too...Read More

While the facility remains subject to both final documentation and conditions precedent prior to drawdown, it includes a formal approval of export credit support from the Export Credit InsuranceRead More

GroundProbe, bought by Orica in 2017 for A$205 million, says the operational Santiago centre was already remotely monitoring many tailings dams, a major hydro-electric dam and "even a landslide on a national highway in Colombia" for 30 customers, GroundProbe chief operating officer, David Noon said."We've witnessed a boom in Brazil for continuous, real-time monitoring of tailings dams, with a huge...Read More

The company said last week it deeply regretted to report "that an incident involving local police and unauthorised artisanal miners within the Rosebel concession has resulted in the death of an unauthorised miner".It said its emergency response team was activated, appropriate authorities had been notified and an investigation into the incident had begun."To ensure the security of our workforce, we...Read More

Clive MaundThe charts we will look at in this update suggest that this is a perfect shorting setup that you see "once in a blue moon". On the 3-year chart for the S&P500 index we can see that it has essentially been trending higher all year, but has now arrived at an important double target - at the upper boundary of its giant broadening pattern, which may also be called a bullhorn or megaphone...Read More

By Avi GilburtThe Fed gave us exactly what the market expected in a .25% rate cut, and even gave us a "gift" with the early cessation of Quantitative Tightening. Normally, most would view this as a bullish catalyst. However, with market sentiment topping out in a bullish extreme, market participants interpreted the Fed action as bearish (despite its positive substance), and the market sold o...Read More

Key data from the pricing sessions in Asia and Europe for the week ended Friday August 2.ChinaKey drivers The Chinese silicon export market continued to remain stable week on week for the third consecutive week. The supply tightness and a sign of increased demand in the domestic market, amid resumed buying activity for August delivery from the secondary aluminum sector, have encouraged exporters t...Read More

Key data from the pricing sessions in Asia and Europe for the week ended August 2. ChinaKey drivers The price of antimony MMTA standard-grade II, ddp China, remained flat week on week due to sparse trading activity. Domestic antimony suppliers remained resolute in holding their offer prices firm, citing limited ore material at hand.Some domestic antimony consumers chose to sit on the sidelines aft...Read More

Turkish steel producers have not made any deep-sea bookings at the start of this week because of soft demand for finished long steel, sources said on Monday August 5.After the mills booked several deep-sea cargoes in the week ending July 26, they have backed out of the market."The mills in Turkey want to sell some [rebar] before resuming their...Read More

Domestic scrap prices in the Turkish market fell slightly over the past week due to weak demand for finished steel, sources said on Monday August 5.Several steel mills in the Izmir region reduced their buy prices for auto bundle scrap by around 20-55 Turkish lira ($4-10) per tonne over the past week.Long steel mill...Read More

Aluminium alloys from China will be subject to at least 20% in tariffs by September while for hundreds of steel products it will be at least 35% if the latest round of tariffs threatened against China take effect, sources indicated to Fastmarkets.That is because the new tariffs US President Donald Trump signaled against China will be on top of the Section 232 tariffs under an earlier act that cove...Read More

The continued automation of society through the future deployment of AI and advanced robotics will deeply impact your future.But the narrative that your job will be replaced by a robot - or you won't be able to find a job in the future because of automation - is so over-exaggerated that it's mostly false.The Robots Are Coming! The Robots Are Coming!Fears of a large-scale robo-replacement have beco...Read More

Sentiment in financial markets continues to weaken following last week's collapse of US-China trade talks and US president Donald Trump's latest threat of tariffs on Chinese goods.Equities in Asia tumbled this morning, Monday August 5, and the yuan has dropped below seven to the dollar - the first time since 2008. Weakness in Asian currencies suggests wide-scale market unease. Gold price reaches a...Read More