Full Article: Fracking for Copper: BHP & Barrick Chase "Ultimate Prize"By: Global Mining ObserverAs fracking has exploded in the US, the country's crude oil production has doubled in ten years from 5 to 10 million barrels per day, lowering energy prices across North America, which is now awash with natural gas. Terminals built for imports have been reconfigured to funnel it out.Engineers in the m...Read More

The American media companies such as Tronc and Lee Enterprises are now totally dark in European Union countries.Continue...Read More

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam tightened downward over the past week with distressed cargoes dampening spot price negotiations and traders becoming more willing to lower their offers.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-605 per ton...Read More

The dollar collapse thesis - which ends with all fiat currencies achieving their intrinsic value of zero - doesn't preclude some thrills and chills along the wayContinue...Read More

TOPICS IN THIS INTERVIEW:00:30 Dead cat bounce for the US Dollar?07:45 "The FED is creating a financial Frankenstein!"11:25 Global shift in purchasing power15:00 Cryptocurrency hype aftermath24:00 Precious Metals still the ultimate wealth preserver?Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He...Read More

China's domestic hot-rolled coil prices maintained their upward trend on Monday May 28 on gains in the futures market. Domestic Eastern China (Shanghai): 4,240-4,260 yuan ($663-666) per tonne, up 30 yuan per tonne Northern China (Tianjin): 4,090-4,110 yuan per tonne, up 10 yuan per tonne Rising futures stimulated buying interest during the day and pushed up spot prices. End-users kept their procur...Read More

Chinese ferrous futures were mostly softer again during morning trading on Monday May 28, with the exception of the coking coal contracts which moved up. Physical prices had softened on Friday amid declining futures despite gains in the steel market.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,590 yuan ($562) per tonne, down 8 yuan per tonneOctober hot-rolled...Read More

China's domestic rebar prices were flat on Monday May 28 on stable trading activity.Domestic Eastern China (Shanghai): 3,830-3,880 yuan ($599-607) per tonne, unchanged Northern China (Beijing): 3,850-3,870 yuan per tonne, unchanged Buyers booked rebar actively in the morning due to the high futures prices in the first hour of trading. But their procurement rates fell in the afternoon after futures...Read More

"It is the intent of all producers to ensure that the oil market remains healthy, and if that means adjusting our policy in June, we are certainly prepared to do it," Continue...Read More

Import prices for rebar in Singapore decreased over the past week with sellers lowering their offers on weakening market fundamentals.Major Chinese mills had decreased their offers to $555-565 per tonne cfr Singapore from $575-580 per tonne cfr Singapore a week earlier.Turkish mill cargoes were being offered at $555 per tonne cfr Singapore. These offers were also heard in Hong Kong.Forward cargoes...Read More

Taiwan's China Steel Corporation (CSC) has increased its offers for the third quarter of this year due to a bullish outlook for the period."Taiwan has benefited from favorable domestic industrial production as well as overseas export markets. The economy is also expected to continue doing well in the second-half of the year," CSC said.This has been supported by market fundamentals in northeast Asi...Read More

"We've made this decision in partnership with our farming sector to protect our national herd and the long-term productivity of our economic base."Continue...Read More

Turkish domestic auto bundle scrap prices pushed up this week, while ship scrap prices fell due to the weakness of the Turkish lira compared with the US dollar, sources told Metal Bulletin on Monday May 28.Turkish domestic auto bundle scrap prices have risen, while the ship scrap prices were falling due to the weak lira, sources said on Monday May 28.Steel mills in Turkey raised their bu...Read More

The company has announced the potential to extend production at El Gallo in Mexico by at least 10 years, a US$50 million raising to finish construction at its Gold Bar mine in Nevada and the possibility of a new base metals revenue stream for its Black Fox complex in Ontario.Read More

Trading activity in the physical iron ore market was subdued on Monday May 28 amid softening prices.Metal Bulletin 62% Fe Iron Ore Index: $63.89 per tonne cfr Qingdao, down by $0.05 per tonneMetal Bulletin 58% Fe Premium Index: $53.07 per tonne cfr Qingdao, up by $0.35 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83 per tonne cfr Qingdao, down by $0.40 per tonneMetal Bulletin 62% Fe China Port...Read More

Among the highlights from the first five holes, the company hit 1.7m at 17.18g/t gold from 198m, including a higher grade intercept of 0.6m at 46.3g/t gold.Great Bear also confirmed gold at the South Limb zone where the company's first drill hole into the target hit 0.5m at 5.34g/t gold.CEO Chris Taylor said drilling had revealed "a regionally-significant gold-bearing hydrothermal system" whi...Read More

SHANGHAI, May 28 (SMM) – Nonferrous metals, except for SHFE lead, rose across the board on Monday May 28. SHFE tin led the increases with a gain of over 2%. SHFE zinc rose nearly 1.6%, while nickel, copper, and aluminium inched up.Most ferrous metals closed lower except for coking coal. Iron ore fell nearly 1%, while coke, hot-rolled coil, and rebar dipped.Copper: As shorts continue to exit...Read More

The seaborne iron ore concentrate market softened last week with premiums experiencing a decline along with a drop in the index for 65% Fe fines. Metal Bulletin's weekly 66% Fe Iron Ore Concentrate Index was $87.16 per tonne cfr China last Friday May 25, down $3.69 per tonne - or 4% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore...Read More

China's domestic rebar prices were flat on Monday May 28 on stable trading activity.Domestic Eastern China (Shanghai): 3,830-3,880 yuan ($599-607) per tonne, unchanged Northern China (Beijing): 3,850-3,870 yuan per tonne, unchanged Buyers booked rebar actively in the morning due to the high futures prices in the first hour of trading. But their procurement rates fell in the afternoon after futures...Read More

SHANGHAI, May 28 (SMM) – Spot copper was mostly offered at a discount of 90-20 yuan/mt to the SHFE 1806 contract on Monday May 28 in the Shanghai market. This compared with a discount of 110-30 yuan/mt on Friday May 25.The SHFE 1806 contract hovered at 51,300 yuan/mt with pressure during the morning trading session. Transactions started to pick up in the morning as traders widened disco...Read More