Recent News

Chrome ore prices reacting strongly to chrome ore stock reduction in China

October 23, 2018 / www.metalbulletin.com

A sudden reduction in published estimates of chrome ore stock in China has contributed to a recovery in prices for the steel-making raw material since September after earlier high estimates had weighed on prices, market sources told Fastmarkets MB.Published Chinese chrome ore stock estimates from Chinese price reporting agency Ferroalloynet have dropped below the 3 million tonnes reported late in...Read More

EUROPEAN MORNING BRIEF 22/10: SHFE zinc prices under pressure; Europe discusses fate of lead battery; smelting woes may fast track annual Cu concs talks

October 23, 2018 / www.metalbulletin.com

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 22.Base metals prices on the Shanghai Futures Exchange saw limited movement during Asian morning trading on Monday, with only zinc seeing a significant change - falling 1.5% - after large deliveries of the metal entered SHFE sheds last week. Check Metal Bulletin's live futures r...Read More

TURKEY FERROUS SCRAP: Local prices continue to fall as lira value rebounds

October 23, 2018 / www.metalbulletin.com

Turkish domestic scrap prices have fallen over the past week because the country's lira continued to regain some of its former value, sources said on Monday October 22.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,770-1,940 ($313-343) per tonne delivered on Monday, compared with last week's TRY1,850-2,040 per tonne.The rise in the assessment came after som...Read More

IRON ORE DAILY: Prices make bullish start to the week

October 23, 2018 / www.metalbulletin.com

Seaborne iron ore prices rose on Monday October 22 amid bullishness in the steel and ferrous futures markets.MB 62% Fe Iron Ore Index: $73.80 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.83 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79 per tonne cfr Qingdao, up by $1.32 per tonne.MB 58% Fe Premium Index: $62.26 per t...Read More

Steelmaking Raw Materials Trade Log, October 22, 2018

October 23, 2018 / www.metalbulletin.com

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 oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines,...Read More

COKING COAL DAILY: Demand for premium products holding up

October 23, 2018 / www.metalbulletin.com

Buying interest for premium low-vol hard coking coal remains robust, with three trades involving top-grade materials being concluded on Monday October 22.A December-laycan cargo fetched the highest price of $218.50 per tonne cfr China, while a November-laycan shipment and a January-laycan one were traded at $217.50 per tonne cfr and $213.50 per tonne cfr respectively, sources told Fastmarkets.A ca...Read More

Iron ore pellet prices dip after loose restrictions imposed on mills

October 23, 2018 / www.metalbulletin.com

Seaborne iron ore pellet prices have fallen - as was expected by market participants - while demand for pellet cargoes in China eased due to the looser restrictions imposed on steel mills for November.The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $155.63 per tonne cfr China on Friday October 19, down by $4.91 per tonne from a week earlier.The fall in the MB 65% Fe Iron O...Read More

Containerized scrap prices in Taiwan dip on weak demand

October 23, 2018 / www.metalbulletin.com

Import prices for containerized scrap in Taiwan continued to dip last week on weak downstream demand while those in Vietnam rose on expectations of thinner supply.VietnamFastmarkets MB's import price assessment for heavy melting scrap (HMS) 1&2 (80:20) sold into Vietnam was $355-360 per tonne cfr for the week ended Friday October 19, up $5 per tonne from the preceding week.Steel mills submitted bi...Read More

SHFE vs LME physical arbitrage 22/10: Copper, aluminium, zinc, nickel

October 23, 2018 / www.metalbulletin.com

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday October 22*Copper -$185.44 (-1,288.51 yuan)Aluminium -$461.51 (-3,206.74 yuan) Zinc -$107.33 (-745.79 yuan) Nickel $231.15 (1,606.11 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More

CHINA HRC: Prices rise but outlook pessimistic on expected supply rise

October 23, 2018 / www.metalbulletin.com

Hot-rolled coil prices picked up some gains in east China on Monday October 22, but market participants' outlook has become more bearish due to a possible increase in supply amid weak demand.DomesticEastern China (Shanghai): 4,210-4,220 yuan ($607-609) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 4,100-4,110 yuan per tonne, unchangedPrices in Shanghai picked up a bit on Monday follo...Read More

SILICON SNAPSHOT: Chinese export price rises on tight supply; European prices under pressure from oversupplied market

October 23, 2018 / www.metalbulletin.com

Key data from the pricing sessions in London and Shanghai on Friday October 19. China  The Chinese grade 553 silicon export price rose against a backdrop of tight supply on the looming dry season from November to May when refineries in Sichuan and Yunnan province curb production as a result of a lack of cheap hydroelectric power.  Stockpiling activity among both traders and downstream co...Read More

GLOBAL ANTIMONY WRAP: Prices drop on continuous weak demand, oversupply

October 23, 2018 / www.metalbulletin.com

Global antimony prices were under pressure last week, falling both in China and Europe, following on from continued weak demand for the metal.Fastmarkets MB assessed standard grade-II antimony prices, in-warehouse Rotterdam, at $8,150-8,450 per tonne on Friday October 19, stable from Wednesday, when prices had fallen from $8,400-8,600 per tonne.The trioxide grade price was also steady at $8,150-8,...Read More

Nighthawk hits high-grade at Treasure Island in NWT

October 23, 2018 / www.northernminer.com

Drilling at Nighthawk Gold's (TSX: NHK; US-OTC: MIMZF) Treasure Island project, about 11 km to the north of its Colomac project in the Northwest Territories, has served up significant, shallow high-grade mineralization.The company was following up on a number of shallow high-grade gold intersections it had reported in 2011, and in the process has found new near-surface discoveries including a numb...Read More

SECONDARY AL CONF: Market participants head to Amsterdam for clarity in volatile market

October 23, 2018 / www.metalbulletin.com

Secondary aluminium market participants from around the world will be heading to Amsterdam from November 6-8 to attend Fastmarkets MB's 26th Secondary Aluminium Conference for insight on the 2019 market and to negotiate annual deals.The conference comes at a time where macroeconomic issues have had massive influence on global aluminium markets. Participants are determining how the United States' s...Read More

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October 23, 2018 / www.youtube.com

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October 23, 2018 / www.youtube.com

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2 Classic Canadian Stocks for New Investors to Buy and Hold for the Long Term

October 23, 2018 / www.fool.ca

When you are looking for Canadian energy and mining stocks to buy and hold, there are a few things to keep in mind, especially if you are new to trading shares. One of the first things that you need to look for if you want to hold a stock for the mid to long term is value: some folk like to use the P/E ratio almost exclusively, though this does not always tell the whole story with a stock's valuat...Read More

Is This Junior Silver Miner a Top Contrarian Play?

October 23, 2018 / www.fool.ca

Silver continues to wallow at under US$15 per an ounce, while the gold-to-silver ratio has risen to a multi-decade high triggering considerable speculation that a long-awaited rally is on the way. This has sparked calls among silverbugs for investors to bolster their exposure to the white metal.While there are signs that silver will remain stagnant for the foreseeable future, it shouldn't deter in...Read More

Is It Time to Embrace This Powerful Portfolio?

October 23, 2018 / www.fool.ca

Back in 1998, author Harry Browne wrote Fail-Safe Investing, a book that introduced the world to a concept called a permanent portfolio. Browne argued that this powerful asset allocation model as a way for investors to participate in upside while the market goes up while protecting themselves in the event of a downturn.The permanent portfolio consists of the following: 25% of assets in growth sto...Read More

Buckle Up For A Golden Ride

October 23, 2018 / www.321gold.com

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comOct 23, 2018 Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?For the likely answer to that interesting and potentially enriching question, please click here now.Double-click to enlarge this daily gold chart.Gold has formed an important...Read More

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