The price of shredded ferrous scrap imported into India was stable this week, with deals done at prices similar to last week, market participants said on Friday January 18.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $318.73 per tonne cfr Nhava Sheva on January 18, little changed from $319.24 per tonne cfr Nhava Sheva on January 11.There were five deals for...Read More
The Turkish steel mills have continued to book deep-sea scrap but at a slow pace, with prices largely stable, sources said on Friday January 18.A steel producer in the Izmir region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $283 per tonne and 5,000 tonnes of shredded at $288 per tonne cfr."The mills are trying...Read More
Seaborne iron ore prices went up on Friday January 18 with Chinese steel mills stockpiling material ahead of the upcoming Chinese new year holiday.MB 62% Fe Iron Ore Index: $75.70 per tonne cfr Qingdao, up by $1.15 per tonne.MB 62% Fe Pilbara Blend Fines Index: $76.54 per tonne cfr Qingdao, up by $1.34 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.88 per tonne cfr Qingdao, up by $0.96 per to...Read More
Copper, zinc and lead stocks on the Shanghai Futures Exchange were up week on week on Friday January 18 in a quiet trading week in China, while aluminum, nickel and tin stocks fell. Deliverable zinc stocks at SHFE-approved warehouses rose by 9.25% or 2,492 tonnes to 29,434 tonnes in the week to Friday. Shanggang Logistic had 3,495 tonnes of zinc delivered into its warehouse, an increase of 300% or...Read More
Growing optimism for a US-China trade agreement has prompted London Metal Exchange base metals prices to consolidate higher across the board in morning trading on Friday January 18, with zinc's 1.3% increase leading the charge. Zinc's three-month price recently traded at $2581.50 per tonne, up 1.3% from Thursday's close. The climb in the metal's futures price comes after volatile price action last...Read More
Seaborne coking coal prices were up on Friday January 18, with supply concerns emerging during the day on news of disruption to operations at Abbot Point port in Queensland, Australia, market sources said. Safety-related incidents had led to suspension of operations at two berths at the Abbot Point coal terminal, sources said. The port operator, however, could not be reached for comment at the tim...Read More
China's hot-rolled coil prices picked up more strength on Friday January 18 on improved sentiment.DomesticEastern China (Shanghai): 3,650-3,670 yuan ($539-542) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,640-3,650 yuan per tonne, narrowing upward 50 yuan per tonneAlthough prices rose in Shanghai while those in Tianjin narrowed upward, a Hangzhou-based trader said these were large...Read More
Key data from the Friday January 18 pricing session in Europe.Key driversBenchmark cobalt prices continue to slide, with some market participants eager to sell units not committed to 2019 contracts. Wide premium for standard-grade over alloy-grade material narrows as...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday January 18:Minor metalsBismuth MB China domestic, yuan/tonne: 49,000-51,000 yuan per tonne from 49,500-51,000 yuanChromium MB free market alumino-thermic, $/tonne: $9,600-9,950 per tonne from $9,800-10,200Cobalt MB free market alloy grade, $/lb: $20.50-22.50...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 18. China The domestic ferro-chrome spot price was unmoved amid thin trading activity. Many market participants await February's tender prices, which mills are expected to release next week. Higher trade prices and increased liquidity pushed up the UG2...Read More
Import prices for stainless steel in Asia appear to have stabilized after a six-month slump thanks to an uptick in demand, a recovery in the nickel market and a potential drop in Indonesian supply. These seem to have put an end to the region's heated price war, sources told Fastmarkets MB on Wednesday January 16.Prices for 304 stainless cold-rolled coil and hot-rolled coil began to decline in earl...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 18:Aluminium ingotDuty paid delivered works...Read More
Bayhorse Silver (TSXV: BHS; US-OTC: KXPLF) has tabled 23 new silver channel samples from its Bayhorse silver mine in Oregon. The company is trying to find the mine's higher grade zones; it will then designate the barren zones as support pillars in its mine design.The company sampled from two new raises and stopes built 15 metres apart. It took samples measuring 1 metre by 0.2 metre on 0.9 metre ce...Read More
Import prices for ferrous scrap in Vietnam continued to fall this week amid bearish sentiment in the market, while those in Taiwan held up due to low selling interest and sluggish trading.In contrast, steel mills in South Korea continued to book large quantities of ferrous scrap in the early part of the week from the United States.VietnamImport prices into the Southeast Asian nation softened again...Read More
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1% from 2017, and 285,000 ounces of gold, up 150% from 2017.The mine, 80 km north of Mongolia's border with China and roughly 550...Read More
Rick Rule urgent warning??"? Get ready For TurbulentMarkets in 2019 - Gold To Outperform Most AssetsRick Rule urgent warning??"? Get ready For TurbulentMarkets in 2019 - Gold To Outperform Most Assetshttps://youtu.be/afl7-ujsdJY#RickRule #urgentwarning #GetreadyForTurbulent Marketsin2019Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn...Read More
With one bold pick to represent each of the four chosen industries of energy, banking, metals and mining, and tech, these undervalued companies are a solid place to start if you want to put together a first-time investment portfolio or if you want to stack some decently valued stocks in a pre-existing portfolio of assets, including a TFSA or retirement fund.The energy stockSelling at a 43% discoun...Read More
White Rock Minerals (ASX: WRM) is an Australian minerals exploration and development company, with projects located in central Alaska and New South Wales. The 100% owned zinc-silver-lead-gold Red Mountain VMS project in central Alaska has a maiden JORC 2012 Resource of 9Mt grading 13% ZnEq. The 100% owned Mt Carrington gold-silver project in New South Wales, Australia, has a JORC Resource of over...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Alasdair Macleod of Goldmoney.com about the banking and economic crises building across Europe; central bank policy in the new year and the outlook for precious metals in chaotic times.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying...Read More