China's steel futures fell during morning trading on Monday December 17 while the raw materials contracts were largely steady.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,419 yuan ($495) per tonne, down 34 yuan per tonneMay hot-rolled coil: 3,430 yuan per tonne, down 33 yuan per...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 17.Base metals prices on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Monday, with zinc and nickel registering the biggest gains. Tin and lead bucked the trend to weaken slightly.There was a slightly firmer tone across the SHFE base metals c...Read More

The latest news and price moves to start the Asian day on Tuesday December 18.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday December 17, capped by broad strength in the US dollar index while investors remain cautious ahead of the the forthcoming Federal Reserve meeting in the United States. Read more in our live futures report.Here are how pric...Read More

Base metals price on the London Metal Exchange were mostly lower during morning trading on Monday December 17, with most metals broadly rangebound during the low-volume morning session, while looming US-China trade tensions keep investors cautious. The three-month aluminium price consolidated lower and continues to trade below $1,950 per tonne, shrugging off a 5% increase in LME stocks after just...Read More

According to China's National Bureau of Statistics released on Friday, China's primary aluminium output increased in November despite a falling price on the Shanghai Futures Exchange, leaving some market participants doubtful.After dropping three consecutive months, China's monthly aluminium output reached 2.82 million tonnes in November, which marked a 3.9% increase from 2.715 million in October...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday December 17*Copper -$140.8 (-973.85yuan)Aluminium -$422.13 (-2,919.65 yuan) Zinc -$35.2 (-243.43 yuan) Nickel $128.99 (892.13 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More

Both European and Chinese antimony prices were unchanged in the pricing week ending on Friday December 14 amid thin trading activities and persistently weak demand from downstream markets.Chinese market stagnates with unrest between sellers and consumers Fastmarkets MB's price assessment for MMTA standard grade-II antimony, delivered duty-paid, in China stood at 49,500-50,000 yuan ($7,170-7,242) p...Read More

Key data from the pricing sessions in Shanghai, New York and London in the week ended Friday December 14. United States  The grade 553 silicon price fell for a ninth consecutive month because buyers remain supplied by contracts which has led to slow spot trading.  The price could find upward support soon, though because spot activity is expected to be busier next year due to the decrease...Read More

The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday December 17. The exception was zinc, the price of which was up by 1.3% at $2,565 per tonne. The three-month copper price was down by $1.50 per tonne at $6,139 per tonne.Volume across the complex has been above average with 6,271 lots traded as at 7.53am London time.The preciou...Read More

Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank's Economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the prices of major Canadian export commodities), contributions to Scotiabank's Global Outlook (the department's flagship quarterly forecast), as well as notes on various topics of i...Read More

Turkish steel producers remained out of the deep-sea scrap markets because of weakening demand for finished steel and falling prices, sources said on Monday December 17.Although some suppliers in the Baltic region reduced their offers to $300-305 per tonne cfr levels for HMS 1&2 (80:20), mills in Turkey were not enticed."I heard offers from Baltic Sea are at $300 per tonne cfr and little above, bu...Read More

The official introduction of Brandon Hyde, new Baltimore Orioles manager. He is joined by EVP and General Manager Mike Elias. Video courtesy of MASN.Read More

If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the U.S. Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market.History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will be over and when the Fed cuts rates, the...Read More

Identifying early market trends is an excellent way to secure high returns and beat the index over the long-term. That said, in today's world, demand for physical cash is diminishing with the rise of secure, high-tech payment solutions. As the global payment industry is shifting from traditional methods to innovative digital technologies, companies operating within this sector provide an appealing...Read More

Gold has firmed in recent days as fears of a global economic slowdown mount. This now sees the yellow metal trading at over US$1,246 per ounce, and there are signs that it could surge higher in coming weeks. That is a boon for gold miners, which have had to weather weaker prices since the start of 2018. One small-cap miner that stands out is McEwen Mining (TSX:MUX)(NYSE:MUX), where legendary ind...Read More

If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the U.S. Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market.History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will be over and when the Fed cuts rates, the...Read More

A friend asked me today what I thought Powell should do. I said, "the system is screwed. It ultimately doesn't matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most egregious misallocation of capital in history of the universe.Eventually the Fed/Central Banks will print trillions more - 10x more than the la...Read More

Marc Elliott, mining analyst at Investec Securities, told Mining Journal there was a greater spread of companies "across the mid-cap range" on the TSX and ASX, "whereas in London w...Read More

Exploring the Athabasca basin in northern Saskatchewan. Source: Skyharbour Resources Ltd.Skyharbour Resources Ltd. [SYH-TSXV; SYHBF-OTCQB] has released the results of a 2018 fall drilling program at the Moore Uranium Project in Saskatchewan. The company said the program intersected new high-grade uranium at the Maverick Zone, including 3.11% U3O8 over 1.8 million within 0.56% U3O8 over 15.2 metres...Read More

McLean Lake uranium mill in the Athabasca basin of northern Saskatchewan, 22.5%-owned by Denison Mines, (AREVA 70%). Source: Denison Mines Corp.Denison Mines Corp. [DML-TSX; DNN-NYSE American] said Tuesday December 18 that it has elected to advance its Wheeler River uranium project in Saskatchewan following positive pre-feasibility study results.Denison is a uranium exploration and development com...Read More