Recent News

Gold dips as dollar gains on robust US data

March 05, 2019 / www.cnbc.com

Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold prices slipped on Tuesday to their lowest in more than five weeks as the dollar rose on stronger than expected economic data and rising U.S. Treasury yields, while global equities held near five-month highs.Spot gold was unchanged at $1,286.50 per ounce at 1:56 p.m. EST. U.S. gold futures settled $2.80 lower at $1,284.70 per ounce....Read More

5 Top Weekly TSX Stocks: Palladium Leads the Way

March 05, 2019 / bit.ly

On the TSX last week, North American Palladium, Xanadu Mines, Copper Mountain Mining, eCobalt Solutions and Excelsior Mining all made the cut.Read full newsRead More

$STX - Seagate Technology PLC (STX) CEO Dave Mosley Presents at Morgan Stanley Technology, Media & Telecom Conferen...

March 05, 2019 / twitter.com

"$STX - Seagate Technology PLC (STX) CEO Dave Mosley Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript) https://t.co/QGMMw4s1iS"Read full newsRead More

Newmont rejects Barrick Gold's 'negative premium' buyout bid

March 05, 2019 / dlvr.it

Newmont Mining Corp. said Monday its board of directors have unanimously rejected Barrick Gold Corp.'s hostile buyout bid, saying theRead full newsRead More

Gold Is Historically Cheap To The Stock Market

March 05, 2019 / dlvr.it

Commodities Analysis by David I. Kranzler covering: XAU/USD, US Dollar Index Futures, Gold Futures. Read David I. Kranzler's latest article on Investing.comRead full newsRead More

It Begins: #China's Largest Property Developer Will Sell All Homes At A 10% Discount | Zero Hedge

March 05, 2019 / www.zerohedge.com

Hui Ka Yan, Chairman of Evergrande, China's biggest property developer, announced it would sell all its properties at a 10% discount after its home sales tumbled in January amid a cooling market.Read full newsRead More

Dow Tumbles as Rally Spurred by Trade Deal Hopes Fades - TheStreet

March 05, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average sank Monday after initially rising on a report that said the U.S. and China were close to finalizing a trade deal.The Dow ended 0.1% lower last week, ending a winning streak of nine weeks. The Nasdaq has finished higher for 10 straight weeks.Tesla (TSLA) CEO Elon Musk said the electric carmaker will unveil...Read More

LIVE FUTURES REPORT 04/03: LME Al price dips 2.2% against US dollar; Ni continues uptrend

March 05, 2019 / www.metalbulletin.com

Aluminium's three-month price on the London Metal Exchange was down by more than 2% at the close of trading on Monday March 4, with the broad strength in the US dollar deterring commodity investment.Volumes in both aluminium and copper futures were high over the day's trading, with more than 22,000 lots traded in both by the close. While open interest in aluminium has fallen by over 48,000 positio...Read More

PRICING NOTICE: Proposal to amend publication frequency and specification of copper concentrates TC/RC index

March 05, 2019 / www.metalbulletin.com

Fastmarkets proposes to increase the frequency of publication of its copper concentrates treatment charges and refining charges (TC/RC) Asia Pacific index and make small adjustments to the index' specifications.Under the proposals, Fastmarkets will publish the index weekly instead of twice-monthly. The chemical specification of what Fastmarkets considers to be clean standard-grade concentrates wou...Read More

NEWSBREAK: ICDX gives Indonesian tin exports reprieve; halts suspension of PT Surveyor Indonesia amid new physical tin contract launch

March 05, 2019 / www.metalbulletin.com

The Indonesia Commodities & Derivatives Exchange (ICDX) has ended the suspension of key smelter inspector PT Surveyor Indonesia in connection with the launch of its new physical tin contract, which is set to transfer tin exports to bonded warehouses for the first time in the exchange's history, ICDX chief executive officer Lamon Rutten said on Monday March 4. PT Surveyor was ordered to suspend ope...Read More

GLOBAL MANGANESE WRAP: Low-grade ore prices boosted by fresh wave of demand

March 05, 2019 / www.metalbulletin.com

Low-grade manganese ore prices rose in China last week in active trading amid strong demand, while global manganese alloys prices were largely stable - barring China, where prices weakened on muted buying. Low-grade ore prices gain up to 22 cents per dmtuAlloy prices keep sliding in ChinaIndian silica-manganese prices edge upEuropean alloy prices stabilize Low-grade manganese ore prices jumped by...Read More

PRICING NOTICE: Proposal to amend publication frequency and specification of copper concentrates TC/RC index

March 05, 2019 / www.metalbulletin.com

Fastmarkets proposes to increase the frequency of publication of its copper concentrates treatment charges and refining charges (TC/RC) Asia Pacific index and make small adjustments to the index' specifications.Under the proposals, Fastmarkets will publish the index weekly instead of twice-monthly. The chemical specification of what Fastmarkets considers to be clean standard-grade concentrates wou...Read More

Jiangxi Copper to buy Humon smelting ops to regain top spot in China

March 05, 2019 / www.metalbulletin.com

Jiangxi Copper plans to buy a controlling stake in major copper, silver and lead smelter Yantai Humon Group, the Chinese copper giant said in a filing to the Shanghai Stock Exchange (SSE) on Monday March 4. If finalized, the purchase will see Jiangxi Copper regain its top position as the Chinese largest copper producer in terms of capacity - approximately 1.73 million tonnes of annual copper...Read More

COBALT MONTHLY REVIEW - FEBRUARY: Metal prices take 24% hit amid alloy-grade sell-off

March 05, 2019 / www.metalbulletin.com

The benchmark standard-grade cobalt price slumped to two-year lows in February amid a surplus of metal, leaving the market to shrug off longer-term bull signs on the supply and demand side. Price moves Cobalt metal prices continued to tumble in February, with concerns of further declines deterring consumers from making large spot purchases. Where possible, buyers have opted to procure cobalt hydro...Read More

SILICON SNAPSHOT: Chinese higher offers fail; sufficient stocks in Europe

March 05, 2019 / www.metalbulletin.com

Key data from the pricing sessions in London and Shanghai on Friday March 1.China Key drivers Most Chinese traders insisted offering at higher prices due to increased material costs and the quick appreciation of the yuan, but no spot deals were concluded. The final prices for some Japanese tenders were heard to have closed in range of $1,480-1,520 per tonne fob. Yet market participants downplayed...Read More

DAILY SCRAP REPORT: Mills keep scrap purchases slow

March 05, 2019 / www.metalbulletin.com

Turkish steel mills continued to book deep-sea scrap at a slow pace at the end of last week and prices remained largely steady at the start of this week, sources said on Monday March 4.A steel mill in the Iskenderun region booked a European cargo, comprising 17,500 tonnes of HMS 1&2 (75:25) and 17,500 tonnes of bonus at an average price of $314.50 per tonne cfr on late Friday or Saturday.The cargo...Read More

TURKEY FERROUS SCRAP: Prices static awaiting revival in finished steel

March 05, 2019 / www.metalbulletin.com

Turkish domestic scrap prices have remained largely stable over the past week on moderate demand, sources said on Monday March 4.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,650-1,820 ($307-338) per tonne delivered, narrowing upward from the TRY1,630-1,820 per tonne of last week.This...Read More

LIVE FUTURES REPORT 04/03: Comex copper price shrugs off progress in US-China trade negotiations

March 05, 2019 / www.metalbulletin.com

The US copper market began the week on weak footing on Monday March 4 despite progress between the United States and China on the trade dispute. The copper price for May settlement on the Comex division of the New York Mercantile Exchange dipped by 1.05 cents to $2.9215 per lb. In trade talks, discussions between the US and China could be indicating resolution on the two countries' continued trade...Read More

PEOPLE MOVES: Dick Whittington appointed as Rathdowny president, CEO

March 05, 2019 / www.metalbulletin.com

Canadian multi-metal producer Rathdowny Resources has appointed the former Farallon Mining president Dick Whittington to his new role, as announced in a press release from March 1.Whittington has over 40 years' experience in the mining sector and has worked on global projects across Canada, Panama, Papua New Guinea, Australia and Mexico.It was in Mexico that he founded and chaired the Canadian Min...Read More

METALS MORNING VIEW 04/03: Metals prices mixed; trade optimism provides support while participants eye copper flows

March 05, 2019 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were for the most part stronger on the morning of Monday March 4, with all but tin in positive territory. The complex recorded an average gain of 0.4%, while tin was down by 0.1% at $21,630 per tonne.Nickel led on the upside with a 1% gain to $13,305 per tonne, having closed last Friday at $13,175 per tonne, and copper was up by 0.3% at $...Read More

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