The London Metal Exchange launched a new cash-settled cobalt contract, settled against Fastmarkets' benchmark standard-grade cobalt price, on Monday March 11.Physical cobalt prices have seen dramatic swings in recent years, coinciding with mounting interest in the minor metal, arising from the boom in the use of battery and electric vehicles, and leading to stronger calls for a new way to hedge co...Read More
A three-percentage-point cut to the rate of value-added tax (VAT) paid by Chinese manufacturers of metals and minerals will have little effect on export markets, traders have told Fastmarkets.Market sources claim that the low levels of VAT exporters pay now will make the reduction more theoretical than actual.Chinese prime minister Li Keqiang announced the tax cut on March 5. The top rate of VAT,...Read More
The price of antimony in China continued to fall for a second week in the latest assessment period, which ended on Wednesday March 6, after some domestic suppliers cut their prices further to clear inventories.Many consumers were not keen on buying to restock, however, because they expected yet another fall in the price.Fastmarkets assessed the price for MMTA standard-grade II antimony, delivered...Read More
The ammonium paratungstate (APT) prices in China and Europe moved higher last week amid consumer restocking and continued tightness in concentrates in China while prompt availability for material in Europe has tightened. Tightness in concentrates in China persists APT prices move up on consumer restocking Ferro-tungsten prices firm on tight prompt availability In China, Fastmarkets MB a...Read More
Low-grade manganese ore prices lost some recent gains in the seaborne market last week after warnings of high prices repelling buyers. 37% manganese ore prices slip in seaborne market44% manganese ore prices inch upManganese ore prices rise in China's portsManganese alloy prices find strength in ChinaSilico-manganese prices hold in India, Europe and US Seaborne low-grade manganese ore prices surr...Read More
Malaysia and India have unique competitive advantages in manganese alloy production that other Asian alloy producers are unable to match, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11. Manganese alloy production in the two countries has developed rapidly over the last 10 years, Aloys D'Harambure, executive director of the International Mangane...Read More
The global copper supply chain could be underestimating the market impact of Chinese scrap cuts amid the country's growing consumption, established industry expert Jonathan Barnes told Fastmarkets. "China has been absorbing around 50% of the world's copper scrap," Barnes said. "The effect of the tightening legislation is big. People have been underestimating the impact of Chinese copper scrap cons...Read More
The London Metal Exchange is at the heart of yet another warehousing conundrum, with pressure mounting for a ruling on why the linked load-in/load-out (LILO) rule was not activated at end of January despite a large queue of Glencore-owned aluminium appearing at Istim's warehouses in Malaysia.Glencore has lodged an official complaint to the LME to revert the situation and activate LILO as of Januar...Read More
Gold-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities-Cutucu project in southeastern Ecuador.In January the junior explorer reported grades ranging from 0.9-9% copper from eight grab samples of rock in streams at its Tsenken-A porphyry target. Highlights included 9% copper with 185 grams silver per tonne and 7.1% copper...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has abandoned its hostile takeover bid for Newmont Mining (NYSE: NEM), after the companies struck a joint-venture deal on their Nevada assets.Barrick will own 61.5% and Newmont, 38.5%, of the new joint venture, which will be operated by Barrick, and will allow the two partners to "tear down the fences and operate our assets as one mining complex," Barrick's new...Read More
Please support Tommy's family and fighting his case http://www.freedomfortommy.comRead More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely lead to the funda...Read More
Growth investors have some strong options at the moment, with everything from gold to cannabis to energy stocks offering high expected growth in earnings as well as a mix of upside and passive income. Let's take a look at five of the best Canadian stocks to buy now for capital gains as well as some dividends.Wesdome Gold Mines (TSX:WDO)On a tear since May, Wesdome Gold Mines is as subject to wild...Read More
Metals and mining stocks remain some of the best routes to high growth on the TSX index, with enough upside potential to satisfy momentum investors. With prices of precious metals possibly set to climb in 2019, here are some of the best mining stocks to buy now for significant capital gains further down the road.Wheaton Precious Metals (TSX:WPM)(NYSE:WPM)A top choice for fans of precious metals st...Read More
Predicting the outlook for iron ore and steel has become something akin to gazing at tea leaves and trying to determine what the future holds. Fears of a trade war between the U.S. and China coupled with less-than-stellar economic data from Beijing as well as slowing global growth were all weighing on the outlook for metals.The base metal has been extremely volatile since the recovery in commoditi...Read More
It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely lead to the funda...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 12, 2019With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now.Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series...Read More
James Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that "the economy is in...Read More
This means the Jersey-registered company, which has a market cap of £5.37 million (US$7 million) is on the hook for US$140,000 plus 10% annual interest and both sides' costs.Read More