Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More

Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More

Australia's largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer's Havieron project in Western Australia's Paterson region.The agreement comes only a day after Newcrest announced it was buying a 70% stake in the Red Chris copper and gold mine in Canada from Imp...Read More

Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold edged higher on Tuesday, supported by a retreat in the dollar after an apparent breakthrough in Brexit negotiations between the European Union and Britain, although rallying equities capped bullion's gains.Spot gold rose 0.36 percent to $1,298.61 per ounce, while U.S. gold futures were up 0.6 percent at $1,299.10.Some dollar weaknes...Read More

Commodities Analysis by David I. Kranzler covering: XAU/USD, Randgold Resources Ltd, Newmont Mining Corporation, Gold Futures. Read David I. Kranzler's latest article on Investing.comRead full newsRead More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia  (NVDA)  will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semi...Read More

Copper and zinc bucked the complex's downtrend to finish up 0.2% and 0.9% respectively at close of trade on Monday March 11. All other base metals traded on the London Metal Exchange consolidated down, failing to be buoyed by positive US retail data, choosing instead to follow the downward trajectory of weakening EU economies.Zinc or swim Zinc edges ever closer to the psychological $2,800 per tonn...Read More

The Comex copper price saw a modest increase in morning trading on Monday March 11 with the market remaining mainly rangebound until further news on the US-China trade talks is revealed. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents to $2.9005 per lb. "While the rally in copper prices since the start of the year is driven by stronge...Read More

The London Metal Exchange (LME) and Fastmarkets have today launched three new cash-settled derivative contracts to provide effective risk management tools for the aluminium, alumina and cobalt markets.The LME will offer these hedging mechanisms settled against the following Fastmarkets MB prices:Cobalt standard-grade, in-warehouse, free market $ per lb in warehouse Alumina Index Fob Australia $ pe...Read More

Jack ChanPosted Mar 11, 2019Gold sector as represented by $HUI is on a long-term sell signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.COT data on silver is now also support...Read More

Here are five Fastmarkets MB stories you might have missed on Monday March 11 that are worth another look.The London Metal Exchange and Fastmarkets launched three new cash-settled derivative contracts on Monday March 11 to provide effective risk management tools for the aluminium, alumina and cobalt markets. The LME is at the heart of yet another warehousing conundrum, with pressure mounting...Read More

Chrome prices were rising in China in the week ended Friday March 8 due to expectations of higher alloy tender prices for April and lingering concerns about power supplies. UG2 price jumps by $11 per tonne Turkish lumpy chrome ore price stirs Imported and domestic ferro-chrome prices rise in China Alloy prices rise in Japan, South Korea and Europe Alloy prices weaken in US.Chrome ore and ferro-chr...Read More

Shrinking demand from the downstream steel sector and the looming expansion of ferro-niobium capacity are likely to be headwinds to Chinese vanadium consumption, Morgan Wu, managing director of Chinese vanadium supplier Hangten Asia, said.A reduction in infrastructure spending in China in 2019 is likely to cause the vanadium market to slow, Wu said during a panel discussion at Fastmarkets' Asian F...Read More

The Chinese domestic ferro-silicon price rebounded last week on short covering due to market worries about a fall in supply the week before, while the European price fell by ?,?10 ($11) per tonne after a recent tender for second-quarter delivery was settled below the spot market price. China market jumps more than 5%Supply worries grip the marketEurope price drops after Q2 settlementUS market drop...Read More

Fastmarkets will host a free web seminar on Monday April 8 at 9.30am London time to introduce the new Fastmarkets-settled London Metal Exchange cash-settled cobalt contract. Learn how Fastmarkets assesses the cobalt market and how you can manage your risk with the new LME cash-settled contract. Click here to register for the webinar. Date Monday April 8, 2019 Time 9.30am London time Join us and th...Read More

The Turkish steel mills have continued to book deep-sea scrap this week, with prices remaining little changed, sources said on Monday March 11.A steel mill in the Izmir region booked a UK cargo on Monday, comprising 25,000 tonnes of HMS 1&2 (80:20) at $320 per tonne cfr.As a result of...Read More

Scrap prices in Turkey's domestic market have shown mixed dynamics over the past week, sources told Fastmarkets on Monday March 11.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,700-1,820 ($312-334) per tonne delivered on Monday, narrowing upward from the TRY1,650-1,820 per tonne of last week.The slight change in the assessment came after a numbe...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 Comex copper price saw a modest increase in morning trading on Monday March 11 with the market remaining mainly rangebound until further news on the US-China trade talks is revealed. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents to $2.9005 per lb. "While the rally in copper prices since the start of the year is driven by stronge...Read More

Despite further poor economic data at the end of last week, the three-month base metals prices on the London Metal Exchange were for the most part higher this morning, Monday March 11.With the exception of tin that was down by 0.2%, the rest of the complex were up between 0.3% for copper and 1.3% for zinc. Copper was recently quoted at $6,414 per tonne, compared with $6,395.50 per tonne at Friday'...Read More