The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, Global Ore,...Read More
Physical iron ore prices continued to advance toward $80 per tonne cfr on Tuesday January 29 despite limited trading activity in China while the Lunar New Year approaches.MB 62% Fe Iron Ore Index: $78.69 per tonne cfr Qingdao, up $0.51 per tonne. MB 62% Fe Pilbara Blend Fines Index: $79.53 per tonne cfr Qingdao, up $0.51 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.19 per tonne cfr Qingdao...Read More
Seaborne coking coal sold to China continued to fetch higher prices on Tuesday January 29 against expectations, sending most buyers to the sidelines. A March-laycan cargo of premium mid-vol hard coking coal was sold at $203 per tonne cfr China to an end user in northeastern China, sources told Fastmarkets during the day."We needed this specific cargo for production so the price [at $203 per tonne...Read More
Precious metals prices have the potential for a strong upside in 2019 alongside weakness in the US dollar and declining US Treasury yields, according to Georgette Boele, an analyst with Dutch bank ABN Amro.Boele told Fastmarkets that there was also casue for optimistic on platinum prices, which were "punished" in 2018 due to lower demand for jewelry in China and because diesel cars lost some marke...Read More
The auction of some Fanya Metal Exchange indium stocks on Tuesday January 29 has failed to attract any bidders, market sources told Fastmarkets. Fanya announced earlier this month its intention to auction a total of 34.64 tonnes of indium stocks it holds in its warehouses. The opening bid was 1,200 yuan ($177) per kg, not including VAT and storage fees. But both Chinese and overseas market pa...Read More
Cobalt consumers are increasing their exposure to the emerging hydroxide spot market in 2019 in response to rising supply volumes of intermediates and differing fundamentals at other points along the supply chain.Traditionally, buyers have signed annual or multi-year contracts with suppliers to secure the supply of cobalt hydroxide. In most cases, payment was negotiated and agreed by both parties...Read More
Fastmarkets proposes to launch two reference prices for the cobalt hydroxide market to capture and quantify the standalone fundamentals of the cobalt intermediates market through its emerging spot trade.Fastmarkets will launch a single-figure monthly cobalt hydroxide index, and a twice-monthly cobalt hydroxide payable indicator, both on the basis of min 30% Co, cif China.Cobalt hydroxide, typicall...Read More
Vital Materials has appointed Nick Boulton as its sales and product manager, the company told Fastmarkets on Friday January 25. Boulton, who will be based in the United Kingdom in this role, holds over 30 years' experience in multiple roles across a variety of market segments including petrochemicals, fine chemicals pharmaceuticals and minor metals. Prior to joining...Read More
Higher sales prices brought slight price increases to European high-carbon ferro-chrome and imported charge chrome in China in the week ended Friday January 25 amid low activity prior to the Chinese New Year holiday. Imported charge chrome in China increases by 1.3% Domestic spot ferro-chrome prices in China stable Imported ferro-chrome into Japan, South Korea and US steady Europea...Read More
The domestic ferro-silicon market in China has been steady in the past week, consolidating a small recovery made the week before, amid low-key trading. In Europe, ferro-silicon prices fell to lows last seen in July 2017 when traders cut their offer prices to encourage buying interest amid slow demand. Chinese market holds up with supplies reduced European suppliers cut offer prices on slow demand...Read More
Low-grade manganese ore prices showed signs of recovery in the week ended Friday January 25 while high-grade flattened amid increased liquidity ahead of Chinese New Year in early February. Low-grade manganese ore prices ticked up in China, high-grade holdsPhysical silico-manganese prices hold in China, India, EuropeFerro-manganese holds globallyUS silico-manganese prices edge up Low grade mangane...Read More
For the best editorial on Junior Mining visit - http://www.cambridgehouse.com/miningMarin Katusa and Timothy Sykes go head to head discussing Timothy's success and their different approaches to investing in stocks. Watch out for the shocking moment at 30 minutes in!Join us at an upcoming event! http://www.cambridgehouse.comBe part of our investment community:http://www.cambridgehouse.com/https://t...Read More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
Bannerman Resources Ltd (ASX:BMN) (OTCMKTS:BNNLF) expects RC drilling results back from a campaign near its proposed Etango uranium processing plant in Namibia this quarter as the company continues to progress an update to the definitive feasibility study for its flagship project.The company that regularly has its share price track with the uranium price, posted its quarterly reports to market tod...Read More
The mis-pricing of money and credit has also driven a terrible misallocation of capital and kept unproductive zombie debtors alive for too long. Saxo Bank, "Beware The Global Policy Panic""Mis-pricing of money and credit" refers to the ability of the Fed to control interest rates and money supply. Humans with character flaws and conflicting motivations performing a role that is best left to a fr...Read More
The death toll has reached 84, with another 276 still missing.Brazil has arrested five people following the TSF wall breaking and spilling waste over the Corrego do Feijão iron ore mine and surrounding areas, three of whom worked for Vale and had been involved in signing of the structural integrity of the dam.The company said on Tuesday it would give each victim's family US$26,000.Vale's pr...Read More
OPEC is imploding day by day.Right now, no other catalyst weighs heavier on the 14-member oil cartel than the collapse of Venezuela's oil industry.I wish I could tell you that nobody saw this coming.Truth is, everyone did.We've seen the writing on the wall for more than a decade... ever since Hugo Ch??vez seized all oil assets held by major oil players like ExxonMobil and ConocoPhillips.This was t...Read More
By: Jp CortezCharleston, West Virginia (January 29, 2019) -- West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.Following in the footsteps of the Wyoming Legal Tender Act, which passed in Wyoming overwhelmingly last year, the West Virginia Sound Money Act is a...Read More