The precious metals sector continues to be viewed with disdain, posits technical analyst Clive Maund, who discusses the factors that he sees are behind changes in the market. The precious metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bull market. However, the cha...Read More
Technical analyst Clive Maund tracks movements in the platinum, gold and silver markets.It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull market...Read More
Gold is the metalof kings, the ultimate money, an eternal store of value, an untarnishableembodiment of beauty. Gold is all those things. But it is not the most valuablemetal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold.Lately, platinum has traded at an abnormally large discount to the yellowmetal. Metals investorswho want to hold the most concentrated we...Read More
While mineral production has been hard hit in Canada's Prairie Provinces in line with the extended downturns in potash and uranium prices, the junior and mid-tier sector remains active in the region, with uranium and gold among the most favoured exploration and development targets. Here are profiles of eight such companies.APPIA ENERGYToronto-based junior Appia Energy (CSE: API; US-OTC: APAAF) is...Read More
Buy it: https://boomkat.com/products/the-blac..."Epic, brilliantly curated two hour collection of new and exclusive material celebrating iDEAL Recordings' (1998-2018) 20th anniversary featuring JASSS, Stephen O'Malley, Jim O'Rourke (an epic 17 minute trance-enducer - honestly worthy of its own LP), Ectoplasm Girls, Robert Aiki Aubrey Lowe, Prurient, Puce Mary and many others..."Artist(s): JASSS, J...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks rallied Wednesday to close near their highs of the day after Democrats won back control of the House of Representatives for the first time since since 2010.Twilio Inc. (TWLO) jumped 36% after the cloud communications company topped third-quarter earnings forecasts and raised its sales guidance.Michael Kors Holdings Ltd....Read More
Global nickel premiums were largely unchanged over the past week due to limited spot market activity, with market participants working to conclude long-term contract negotiations, Fastmarkets heard on Wednesday November 7. Chinese nickel premiums stable amid open import windowEuropean premiums stable with focus on long-term contractsUS premiums flat in subdued spot market. Chinese nickel premium s...Read More
The tin premium in Europe softened from its highest level since January 2017 due to a market shift to longer-term supply solutions despite remaining elevated on Indonesian supply concerns, while both US and Chinese premiums held ground on steady spot business and sufficient supply. European premiums ease while market finds supply solutions US participants look to 2019 contracts China'...Read More
Fasmarkets' fob Australia alumina index declined for the eighth trading day in a row on Wednesday October 7, falling back to levels not seen since before Hydro declared force majeure at the Alunorte refinery in Brazil in April. The benchmark daily fob Australia alumina index was calculated at $428.75 per tonne on Wednesday, down from $430 per tonne on Tuesday and 8.98% lower week on week from...Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
Gwen PrestonPosted Nov 7, 2018The following is an extract of The Maven Letter: October 31, 2018Zinc bucked the downtrend for metals last week by rising to a three-week high. The benchmark price on the London Metal Exchange (LME) was US$2,700 a tonne, rising 18% from a 22-month low in August, but still down significantly from the 52-week high of US$3,610.54 per tonne. (Click on images to enlarge)Th...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob China Europe- APT, cif Rotterdam - Ferro-tungsten, in-warehouse Rotterd...Read More
Fasmarkets' fob Australia alumina index declined for the eighth trading day in a row on Wednesday October 7, falling back to levels not seen since before Hydro declared force majeure at the Alunorte refinery in Brazil in April. The benchmark daily fob Australia alumina index was calculated at $428.75 per tonne on Wednesday, down from $430 per tonne on Tuesday and 8.98% lower week on week from...Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More
The Wednesday Market Minute Global stocks build gains as polls project that Democrats will take control of the House of Representatives for the first time since 2010 while Republicans extend their Senate majority.U.S. dollar slides in overnight trading as "split" Congress suggests some of President Donald Trump's expansionary fiscal policies could be shut down by rival lawmakers.Asia stocks book...Read More
Turkish steel producers continued their deep-sea scrap purchases on Wednesday November 7, with prices remaining largely stable, according to market sources.A steel mill in the Iskenderun region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) at $330 per tonne, 3,000 tonnes of shredded at $340 per tonne and 7,000 tonnes of bonus at $345 per tonne cfr.Another steel producer in t...Read More
Comex copper prices inched higher during morning trading in the US on Wednesday November 7 with a persistently softer dollar lending support amid a lack of other market catalysts. The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.75 cents to $2.74 per lb. "In the broader macroeconomic environment, downside price risks are likely...Read More
Long-term contracts for cobalt hydroxide supply in 2019 have been heavily weighted toward lower payables year on year, with discussions centered around increasing availability of intermediates. But the extent of the likely hydroxide surplus' impact on next year's metal market is less clear. Since last year's mating season, Glencore has announced the restart of production at Katanga in the Dem...Read More