Physical iron ore prices weakened on Thursday March 28 following losses in the futures markets.MB 62% Fe Iron Ore Index: $84.68 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.80 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.93 per tonne cfr Qingdao, down $0.17 per tonne. MB 58% Fe Premium Index: $76.97 per tonne cfr Qi...Read More
Seaborne coking coal prices were stable on Thursday March 28, with market participants awaiting the outcome of a miner's tender for direction.A cargo of second-tier hard coking coal was heard offered at $186 per tonne cfr China. The was no word of the cargo being sold by 6pm, the data collection cut-off time for the Fastmarkets MB daily coking coal indices.In the premium hard coking coal segment,...Read More
Brazil's Vale has adopted the Fastmarkets MB 65% Fe Iron Ore Index as the reference for the pricing of contract cargoes of its blast furnace and direct-reduction pellets in 2019."The [Fastmarkets MB 65% Fe Iron Ore Index] is the new reference index and the premiums for blast furnace and direct-reduction pellets remained the same as [that in] 2018 - $60 per tonne on average," the miner said on Thur...Read More
Nickel's three-month price on the London Metal Exchange was lower during morning trading on Thursday March 28, capped by broad strength in the US dollar index while risk-averse investors continue to defer commodity investment. Falling below $13,000 per tonne over the morning session, nickel's three-month price continues to trade in volatile swings either side of the support level, despite total LM...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday March 28*Copper -$139.98 (-944.04 yuan) Aluminium -$293.97 (-1,982.63 yuan) Zinc -$148.71 (-1,002.96 yuan) Nickel -$356.58 (-2,404.90 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
China's domestic rebar market was flat on Thursday March 28, with mills' higher output discouraging buyers from placing bookings while lower inventory levels in the spot market kept sellers from lowering their prices.Domestic Eastern China (Shanghai): 3,830-3,870 yuan ($570-576) per tonne, unchangedNorthern China (Beijing): 3,830-3,880 yuan per tonne, unchangedA declining futures market and data s...Read More
London Metal Exchange three-month base metals prices continue to produce sluggish price action, down 0.2% on average in the morning of Thursday March 28. Copper bucked the trend with a mild gain of 0.1% while aluminium was unchanged at $1,903 per tonne. But LME zinc and lead prices were down 0.1% while nickel and tin were down 0.5%. Trading volume was fairly subdued at 4,325 lots as of 6:48am Lond...Read More
Chinese import and export volumes of flat-rolled stainless steel shrank by nearly 50% year on year in February, amid the country's ongoing anti-dumping investigation into stainless hot-rolled and semi-finished products.Imports of stainless steel flat products into China totaled 85,788 tonnes in February, down by 68,630 tonnes or 44.4% from 154,418 tonnes in February 2018, according to Chinese cust...Read More
Persistently weak demand for stainless steel in China pushed down domestic prices for such products over the past week.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-14,900 yuan ($2,156-2,216) per tonne including value-added tax for the week ended Wednesday March 27, down 100-200 yuan per tonne from a week earlier.End-...Read More
China's intention to cut the rate of value-added tax to 13% has already been credited for an increase in imported ore prices and having a bearish effect on alloys, Fastmarkets heard on Wednesday March 27.The rate of VAT in the east Asian country applicable to manufacturers will be lowered from April 1 by 3 percentage points, to 13%, with the intention of stimulating China's slowing economy.The tax...Read More
The amount of gold in proven and probable reserves at Guyana Goldfields' (TSX: GUY) Aurora mine in Guyana has been lowered 1.69 million oz., compared with estimates a year ago, based on "a new and more appropriate mine model," the company says.Total proven and probable reserves in open-pit and underground categories at the end of 2018 stand at 2.27 million oz. gold (in 26.95 million tonnes grading...Read More
Please support Tommy's family and fighting his case http://www.freedomfortommy.comRead More
Radio show linkhttp://tobtr.com/s/10976635http://www.quieromarketing.co.uk/https://www.gofundme.com/TheTrumpWallTo donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking...Read More
Lithium stocks were hot a year ago, now they're not. Brine projects in Argentina commanded rapt attention, now no one cares. Clay-hosted Lithium projects were non-starters 2-3 years ago, now they're in the "maybe" column. Clay-hosted Lithium projects are "unconventional," meaning untested, and therefore difficult or impossible to fund. However, "unconventional" need not mean difficult to move for...Read More
Gold has been quietly regaining its lustre. In the midst of market volatility, investors turn to gold as a hedge against a recession. Having some sort of exposure to the precious metal is an important part of any diversification strategy.It’s no secret that the majors have struggled. Gold prices hit a peak in 2011 and then quickly crashed. Unfortunately, many of the majors were unprepared ha...Read More
Investing in mining stocks can be tricky. So much can go wrong.Emboldened by management’s rosy expectations, investors are often disappointed by eventual project delays, cost overruns, and political disruption. It’s no wonder that so many mining stocks have gone nowhere for decades at a time.With valuations in the billions of dollars, Yamana Gold Inc. (TSX:YRI)(NYSE:AUY) and Goldcorp...Read More
Lithium stocks were hot a year ago, now they're not. Brine projects in Argentina commanded rapt attention, now no one cares. Clay-hosted Lithium projects were non-starters 2-3 years ago, now they're in the "maybe" column. Clay-hosted Lithium projects are "unconventional," meaning untested, and therefore difficult or impossible to fund. However, "unconventional" need not mean difficult to move for...Read More
Shanta, which will keep 51% ownership and operate the project, decided to raise equity via an IPO after receiving encouraging feedback from recent investor roadshows in Tanzania, Uganda and Kenya.It has already submitted the IPO prospectus to the DSE and Tanzanian Capital Markets and Securities Authority, with completion expected to take between six and 12 months.The funds will be used to finance...Read More
Bob Moriarty ArchivesMar 29, 2019For those who have not yet read Basic Investing in Resource Stocks, you should consider it. I predict the big collapse to come soon, very soon followed by what I term “The Big Reset”. Martin Armstrong just put out a piece essentially saying the same thing titled, The Financial Panic of 2019?I realized when I wrote my book in January of this year that I...Read More
Stornoway Diamond's Renard diamond mine in Quebec. Source: Stornoway Diamond Corp.Stornoway Diamond Corp. [SWY-TSX; SWYDF-OTC] is facing a liquidity shortfall this year unless diamond prices recover from current levels.It is a scenario which could have negative implications for Stornoway's share price, which was down 34.4% or $0.055 to 10.5 cents on Friday March 29 in heavy trading volume of 10....Read More