The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The Peruvian Ministry of Energy and Mines' latest statistical report reveals that, in the 10th month of the year, the country's gold output fell by 6.3% when compared to October of 2017. This, despite the fact that Minera Yanacocha, which is the main producer of the yellow metal, grew its output by 8.1%.Copper production, on the other hand, fell by 3.8% in October when compared to the previous yea...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Friday as Wall Street prepared for talks between Donald Trump and Chinese President Xi Jingping at the G-20 meeting. Palo Alto Networks Inc. (PANW) fell 2% after the cybersecurity company posted earnings and an outlook that topped Wall Street's forecasts. VMware Inc. (VMW) &...Read More
Base metals prices on the London Metal Exchange closed higher on Friday November 30, with zinc, lead and nickel the best performers of the day.Zinc was the strongest performer on Friday, with its three-month price rising 2.9% from Thursday to close at $2,542 per tonne. After consistently dipping since January, LME zinc stocks settled at a fresh 2018-low of 117,550 tonnes on Friday.W...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Comex copper prices experienced further weakness ahead of world leaders converging in Argentina for the Group of Twenty (G20) meeting this weekend.The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 1.80 cents to $2.7735 per lb.Price movement is expected to be muted today with investors focusing on the weekend's G20 summit, where finance ministers.....Read More
South African manganese miner Assmang has declared force majeure on manganese ore shipments from the port of Saldanha, Fastmarkets heard on Friday November 30.Assmang has now joined fellow miner United Manganese of Kalahari (UMK) in making the declaration after South African state transport...Read More
South African manganese ore miner United Manganese of Kalahari (UMK) has declared force majeure on manganese ore shipments from the port of Saldanha, Fastmarkets MB understands.UMK, which produces just above 3 million tonnes per year of manganese ore, ships about half its monthly exports from Saldanha. South Africa's state transport...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data for the pricing session for the week ended Friday November 30. China The domestic ferro-chrome spot price stabilized on thin trading activity and sellers' unwillingness to cut their price further because current levels have been close to their production costs.The imported charge chrome market was lackluster this week while the market digested the consequences of a...Read More
Adam HamiltonArchivesNov 30, 2018 The junior gold miners' stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies' battered stock prices aren't fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than sto...Read More
The Friday Market Minute Global stocks mixed as investors await the start of the G20 summit in Argentina and crucial trade talks between Presidents Donald Trump and Xi Jinping.Asia stocks mixed as China manufacturing weakens, officials urge "fair-minded" approach with Washington.Oil markets edge higher as investors await both G20 headlines on Russia/Saudi meeting on production cuts and OPEC summ...Read More
South African transport operator Transnet is issuing force majeure notices to iron ore and manganese ore customers after a railway bridge was damaged near the port of Saldanha. All rail operation was suspended following the accident in the morning on Wednesday November 28 and will restart in two weeks, Transnet said. "The accident has damaged the railway line network and compromised the integrity...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Global ferrous scrap prices continued to trend downward during the working week from Monday November 26 to Friday November 30, due to poor demand and lackluster sales of finished steel.Turkish scrap import prices and US export scrap prices fell due to weak market sentiment in Asia, while persistently poor demand continued to weigh on Asian scrap import prices. Indian import prices also slipped on...Read More
Sentiment in the European austenitic alloy scrap market has been negative and mills have continued to drag prices downward, sources told Fastmarkets on Friday November 30."Demand [for alloy steel scrap] is slow and sentiment in both the raw material and stainless steel markets is negative. The mills are trying to get...Read More
Turkish steel mills ended the week with no deep-sea scrap bookings amid poor demand for finished products in the domestic and export markets as well as concerns over Asian steel markets, sources said on Friday November 30.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of last week, steel mills in Turkey stepped out of the deep-sea scrap markets.Those...Read More
Comex copper prices experienced further weakness ahead of world leaders converging in Argentina for the Group of Twenty (G20) meeting this weekend.The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 1.80 cents to $2.7735 per lb.Price movement is expected to be muted today with investors focusing on the weekend's G20 summit, where finance ministers.....Read More
Fastmarkets MB will change the names of its benchmark in-warehouse Rotterdam price assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under the names 'low-grade' and 'high grade' will be Friday December 28. Prices will be published under thei...Read More