All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More
London Metal Exchange three-month base metals prices pared gains during morning trading on Tuesday June 5, with copper, nickel and zinc prices consolidating lower, while the rest were largely unchanged. On average, the base metals prices were down by 0.1%, while total trading volume was low, with only 5,496 lots traded as at 06.32am London time.With the dollar index trading above 94.00 again, it i...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJun 5, 2018In the West, gold has rallied decently during five of the past seven recessions. I’ve suggested that the current situation in America is something like 1965 - 1970, when inflation began a long and strong up cycle.That’s partly why I’m adamant that it’s t...Read More
The EU has ended its anti-dumping investigation into ferro-silicon imports from Egypt and the Ukraine, according to a statement on the European Commission's website on Tuesday June 5.The Commission said the investigation had been terminated after the complainant, industry body Euroalliages, withdrew its complaint by email on February 27. Euroalliages had lodged a complaint with the EU on June 19,...Read More
The propaganda laced with bold lies is enveloping the media. The JOLTS report (Job Openings and Labor Turnover) released today alleges that the number of job openings in April hit a record. Of course, the April number was based on large revisions to previous data. The number reported is also "seasonally adjusted" and predicated on statistical inferences. In fact, 6.7 million allegedly...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More
The past three decades has seen an explosion in the demand for virtually every commodity. Expecting higher commodity prices, investors pour money into the mining industry for a miniscule cost of capital, hoping that increased demand translates into outsized profits. Ironically, they actively undo their expectations.Jayant Bhandari* Nuclear reactor build rates stalled? Image: Wikki Commons05 JUNE 2...Read More
Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills wo...Read More
Every few years a data plot appears that makes exploration geoscientists giddy with excitement. This new one from Geoscience Australia is right up there.David Upton05 JUNE 201805/06/2018commentsshare If you are in the mineral exploration business you'll likely remember the buzz created by Graham Heinson's "Fingers of God" cross-section of crust in the Olympic Dam province. His magnetotelluric (MT)...Read More
activities at Nevsun's Timok copper-gold project in Serbia. Source Nevsun Resources Ltd.Euro Sun Mining Inc. [ESM-TSX; CPNFF-OTC] has amended its portion of the $1.5 billion joint proposal with Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] for the acquisition of Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN] to 50% cash and 50% stock.The proposed offer now comprises $5 per share for Nevsun's entire s...Read More
Comex copper prices ticked higher on Tuesday June 5, while concerns over material supply loom following disruptions in Chile and India.Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.29% to $3.175 per lb."Copper finished higher yesterday as Chilean labor talks come...Read More
London Metal Exchange three-month base metals prices pared gains during morning trading on Tuesday June 5, with copper, nickel and zinc prices consolidating lower, while the rest were largely unchanged. On average, the base metals prices were down by 0.1%, while total trading volume was low, with only 5,496 lots traded as at 06.32am London time.With the dollar index trading above 94.00 again, it i...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased slightly this week but demand was limited because of the damping effect on business of the Islamic holy month of Ramadan, sources told Metal Bulletin on Tuesday June 5.Buyers prefer to postpone bookings during the holy month, which started in mid-May.Working hours are reduced in Saudi Arabia; Ramadan is always a slow m...Read More
I live about 15 miles from historic Ellicott City in Maryland. In the past week it's rained in buckets. On one afternoon, it dumped more than six inches in three hours.Due to development - the building of roads and parking lots - and the funnel shape of the valley, a torrent of water and mud pushed through the pre-revolutionary main street, taking out bars, restaurants, art stores, and hippy sho...Read More
China's domestic hot-rolled coil prices were flat on Tuesday June 5 amid soft demand and a fluctuating futures market. Domestic Eastern China (Shanghai): 4,260-4,290 yuan ($664-669) per tonne, unchanged Northern China (Tianjin): 4,170-4,190 yuan per tonne, unchanged Weak downstream demand had buyers keeping their procurement rates low during the day, market sources said.HRC futures also did not di...Read More
China's iron ore futures posted some recovery during morning trading on Tuesday June 5 after losing ground a day earlier, which also dragged down port prices in the country. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,718 yuan ($580.20) per tonne, up 5 yuan per tonne October hot-rolled coil: 3,890 yuan per tonne, up 9 yuan per tonne Dalian Commodity Exchange...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Oman, export, rebar, offered at $615-625 per tonne cfr on theoretical...Read More
June 5, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest moves in the gold and silver markets.Our proprietary cycle indicator is up.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last for days a...Read More