Europe import prices and UK domestic prices for austenitic alloy steel scrap increased this week with nickel prices continuing to rise, reversing the losses seen last week, sources told Metal Bulletin on Friday June 8.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,190-1,220 ($1,405-1,441) per tonne cif main European ports on Friday,...Read More

Turkish scrap import prices became firmer in the week ended Friday June 8 with demand for steel from the country's mills increasing because the United States imposed on other countries and regions the import tariffs threatened under its Section 232 trade legislation, thus leveling the international markets.This trend was in contrast to scrap prices elsewhere, however, with weak demand in India and...Read More

Base metals on the London Metal Exchange ended lower at the close of trading on Friday June 8, despite broad gains in copper, nickel and lead prices week on week. Bucking the trend, zinc was the only metal to trade in positive territory at the close of the afternoon kerb session, climbing 0.6% to close above $3,200 per tonne for the first time since April 24. Copper's three-month price was th...Read More

The United States pig iron market was quiet over the week ended Friday June 8 due to consumers having restocked in mid-May, while suppliers from the CIS were sold out till August and exporters from Brazil continued to stay out of the market."All suppliers are sold out and waiting till buyers start to restock in mid-June," one trader said. Metal Bulletin's weekly price assessment for US pig iron im...Read More

The latest metal markets news and price moves to start the North American day on Friday June 8.Base metals on the London Metal Exchange were broadly lower during morning trading, with lead, nickel and copper prices falling. Copper retreated slightly after hitting a four-and-a-half year high yesterday of $7,350 per tonne. Here's how base metals prices looked at 12:15 London time: See our live futur...Read More

 CloseGain/LossOn WeekGold $1298.50+$1.60+0.42%Silver$16.76+$0.07+2.26%XAU82.93-0.07%-0.13%HUI178.83+0.11%-0.18%GDM623.60-0.30%+0.41%JSE Gold1060.13+14.27+4.47%USD93.57+0.12-0.70%Euro117.70-0.30+0.95%Yen91.40+0.22-0.02%Oil$65.74-$0.21-0.11%10-Year2.943%+0.024+1.41%Bond143.90625-0.21875-0.52%Dow25316.53+0.30%+2.77%Nasdaq7645.51+0.14%+1.21%S&P2779.03+0.31%+1.62%  The Metals: ...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort185,32173,90550,712164,024298,371400,057422,988Change from Prior Reporting Period -8,331-4,617-2,230-7,337-9,679-17,898-16,526Traders18779744454260182 Small Speculators LongShortOpen Interest 50,58427,653450,641 -843-2,215-18,741 non reportable positionsChange from the previous...Read More

Cranbrook, British Columbia (FSCwire) - Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") has executed two separate option agreements with Roughrider Exploration Ltd. ("REL": TSX-V, or "Roughrider") whereby REL may earn up to an 80% interest in the Brownell Lake (VMS-polymetallic) and Olson (gold) exploration properties located 120km east of La Ronge, Saskatchewan. Property summaries...Read More

Early summer is the weakest time of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and often the markets in general, suffer a seasonal lull this time of year. But these summer doldrums offer the best seasonal buying...Read More

By Rory HallFinally! Not only is this a great day for Texas it is a great day for anyone that wishes to store their gold outside of their own possession. If you're comfortable, or have enough gold to store elsewhere this may be an option to consider.The Texas Bullion Depository (TBD) opened it's doors on Wednesday June 6, 2018 and is ready for business!Since the financial collapse began in 2008...Read More

Next week is a very big week for the global financial markets due to:1. FOMC meet on 13th June2. Trump-Korean Leaders meet in Singapore on 12th June3. European central bank meeting on 14th June Plus the regular US economic data releases. Economics and geopolitics will be clashing with each other next week. The soccer world is also there next week. Some of the funds from equiti...Read More

Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Friday June 8.Base metals prices on the Shanghai Futures Exchange were down across the board during Asian morning trading on Friday, with nickel prices, under pressure from the weakening buyer sentiment seen in the stainless steel sector and bouts of profit-taking, leading the decline.Chec...Read More

 CloseGain/LossOn WeekGold $1298.50+$1.60+0.42%Silver$16.76+$0.07+2.26%XAU82.93-0.07%-0.13%HUI178.83+0.11%-0.18%GDM623.60-0.30%+0.41%JSE Gold1060.13+14.27+4.47%USD93.57+0.12-0.70%Euro117.70-0.30+0.95%Yen91.40+0.22-0.02%Oil$65.74-$0.21-0.11%10-Year2.943%+0.024+1.41%Bond143.90625-0.21875-0.52%Dow25316.53+0.30%+2.77%Nasdaq7645.51+0.14%+1.21%S&P2779.03+0.31%+1.62%  The Metals: ...Read More

Full Article: Canadian Asset Managers Jumping Into Gold At An Astonishing PaceBy: Neils ChristensenMajor Canadian asset managers are turning to gold at an unprecedented pace as an essential portfolio diversifier and hedge against growing market risk and volatility, according to an executive at State Street Global Advisors.In a recent presentation in Montreal, Bobby Eng, head of SPRD ETF busines...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsChina's crackdown on imports of lead waste products has sent ripples through the smelting industry there, with some companies pondering capacity cuts amid one of the tightest concentrate markets in years.Primary copper smelting capacities have been partly suspended in import...Read More

SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More

SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More

China's crackdown on imports of lead waste products has sent ripples through the smelting industry there, with some companies pondering capacity cuts amid one of the tightest concentrate markets in years. Chinese customs publicly named Glencore at the end of May as attempting to import 16,000 tonnes of lead waste products labeled as concentrates originating in Germany, detaining two employees...Read More

Base metals on the London Metal Exchange ended lower at the close of trading on Friday June 8, despite broad gains in copper, nickel and lead prices week on week. Bucking the trend, zinc was the only metal to trade in positive territory at the close of the afternoon kerb session, climbing 0.6% to close above $3,200 per tonne for the first time since April 24. Copper's three-month price was th...Read More

Comex copper prices inched higher in the US on Friday June 8, while concerns surrounding the highly anticipated Escondida negotiations drove the red metal's rally this week.Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 1.8 cents or 0.55% to $3.293 per lb."LME copper has railed strongly, by 5%, so far this week, up 6%...Read More