Prices on a cfr China basis in the seaborne coking coal market picked up on Thursday January 17 following the emergence of some optimism among traders in the country.A cargo of premium mid-vol hard coking coal scheduled for loading in February was traded around $191-192 per tonne cfr China a day earlier, various sources told Fastmarkets MB during the day. This is $1-2 per tonne higher than the pre...Read More

The import price for steel billet in Southeast Asia edged down on Thursday January 17 amid lower bids from buyers who expect further price drops, although trading activity has picked up in the region this week.Fastmarkets' daily import price assessment for billet in Southeast Asia was $445-448 per tonne cfr Manila on Thursday, narrowing downward by $2 per tonne on the high end from $445-450 per to...Read More

South32 has raised the production guidance for its Illawarra metallurgical coal operations in Australia's New South Wales state during its 2019 financial year by 7%.The miner now expects to produce 6.5 million tonnes of saleable coal in the 12 months to June 30, with met coal accounting for 5.2 million tonnes of saleable...Read More

China's ferrous futures experienced a slight uptick on Thursday January 17 across the board, with steel contracts maintaining their strength from a day earlier.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,557 yuan ($526) per tonne, up 5 yuan per tonneMay hot rolled coil: 3,464 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 513 yuan p...Read More

The London Metal Exchange will launch a new cash-settled cobalt contract on March 11, settled against the benchmark standard-grade cobalt price assessed by Fastmarkets. The final settlement price will be an arithmetic average of the twice-weekly Fastmarkets standard-grade cobalt price in the expiring contract month. Fastmarkets achieved type 1 IOSCO assurance for its standard-grade cobalt price in...Read More

The London Metal Exchange will launch its new cash-settled alumina contract on March 11, to be settled on the Fastmarkets MB index in a basket. The contract will be settled against Fastmarkets MB's benchmark daily fob Australia alumina index and CRU's alumina price index - equal weighting given to each index. Click on the image above to download the LME contract specifications. The index move...Read More

The new London Metal Exchange cash-settled aluminium duty-unpaid European contract will be settled against Fastmarkets MB's benchmark Rotterdam premium.The settlement price for the monthly contract, to be launched on March 11, will be an arithmetic average of the daily Rotterdam duty-unpaid premium - the midpoint of the range - in the expiring contract month. Fastmarkets achieved ty...Read More

The London Metal Exchange has announced it will launch seven of its new cash-settled futures products on March 11, and has selected Fastmarkets to be the price provider for three of the new contracts.In total, there will be two new ferrous contracts, three new contracts into the LME's aluminium suite and two minor metals contracts. "The introduction of new contracts is a strategically important gr...Read More

Three-month base metals prices on the London Metal Exchange exhibited mixed movements whileconsolidating this morning, Thursday January 17. Copper, nickel, lead and zinc were down by between 0.1% and 0.5%, while aluminium and tin prices were up by 0.3% and 0.4% respectively. The three-month copper price was off by 0.1% at $5,973 per tonne.Volume across the LME base metals complex was above average...Read More

Import prices for stainless steel in East Asia moved up over the past week amid increased buying activity and costlier nickel, while talk also emerged in the market about a major Indonesian mill's plans to reduce its stainless steel supply to Taiwan.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,880-1,970 per tonne cif for the week ended...Read More

China's domestic stainless steel prices remained unchanged for a third week amid soft demand and low supply ahead of the Chinese New Year.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,100-2,188) per tonne including value-added tax for the week ended Wednesday January 16, unchanged from a week earlier.A few stee...Read More

Former trader at Kyen Resources, Nishchay Chadha, has joined Viant Commodities as their head of trading in the Viant office in Singapore, Fastmarkets has learned. Chadha will oversee the refined metal and scrap trading business at Viant Commodities, a source close to...Read More

Bob Moriarty ArchivesJan 18, 2019I covered GFG Resources pretty well ina piece I did in early September. With a lack of news the shares price dropped about 45% based on shareholders not clearly understanding the incredible progress GDG has made.The biggest problem GFG faced for the last couple of years was shareholders dying of boredom due to a seeming lack of progress and a certain lack of news....Read More

Bob Moriarty ArchivesJan 18, 2019It was the bestof times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct t...Read More

ROBOTIC TRADING GONE WILD (ROOMBA'S)I am a Market Maker. I represent Small Cap issues (.01-3.00) on Junior Canadian Exchanges. In simple terms, my role is to help establish an orderly Market for these Securities. I have great respect for the Corporations that pay me a fee to conduct my services on their behalf, which covers my associated costs and of course, risk. They d...Read More

I met Steve Leeb in 1980 while working at a Wall Street firm. I have always found Steve's analysis to be excellent. I would strongly suggest that you listen to the interview from the "King World News" website. You cannot afford to miss it.Dr. Stephen Leeb: Broadcast Interview - Available NowRead More

The bad news for shareholders of the Zimbabwe and Romania-focused miner piled up on Friday afternoon, with lender Bergen Global Opportunity Fund calling on conversion rights worth $500,000, meaning Vast must issue 164 million new shares.The $5.5 million tranche B money was to get the Baita Plai polymetallic mine in Romania up and running, the Manaila operation, and on diamond exploration in Z...Read More

Thome, President and CEO of AMEBC.AMEBC (Association for Mineral Exploration British Columbia) is the leading association for the mineral exploration and development sector in British Columbia. The organization represents BC's mineral exploration sector and promotes environmentally responsible mineral development with clear policies, events and tools to support its thousands of members.AMEBC is we...Read More

The processing plant under construction at Lundin Gold's Fruta del Norte mine in Ecuador. Source: Lundin Gold Inc.Sandstorm Gold Ltd. [SSL-TSX, SAND-NYSE American] said Friday January 18 that it has acquired a 0.9% net smelter return royalty interest on precious metals produced from Lundin Gold Inc.'s [LUG-TSX, LUG-OMX] Fruta del Norte mine in Ecuador.Sandstorm said the royalty was acquired form a...Read More

The price of palladium is breaking records.And the financial media is buzzing about the white metal.But before you get sucked into the palladium hype, there are a few things investors should know.Palladium Price 1-YearIn the past five months, palladium prices have increased by almost 60%. Yesterday, the price of palladium soared to over $1,400 an ounce, an all-time high for the metal.That's $100 m...Read More