RAPAPORT... Mountain Province's March tender achieved the miner's highestaverage selling price to date, driven by a bigger-than-average selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Ku?(C)mine at an average price of $142 per carat, for a total of $25.1 million, itreported in a statement last week. Production from the end of last...Read More
The auto industry is "waking up too late" to the fact that China will hold most of the world's supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report."If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late … I think it's because th...Read More
RAPAPORT... MID House of Diamonds was the premier Israelipolished-diamond exporter for the third consecutive year, according to a list thenation's Ministry of Economy and Industry published recently.The company, whose exports dropped 5% to $175 million in2017, was one of four in the top 10 that saw a decline. Overall, polishedexports for the country fell 4% to $4.48 billion, government data showed...Read More
On the 15th anniversary of the Iraq War, Americans are more skeptical of the US government, and no one has been held accountable for invading based on false intelligence. Former Congressman Ron Paul (R-Texas) joins RT America's Ed Schultz to discuss what has changed since the start of the war.Read More
'Mrs. F.' was 84 years old the first time she ever went to prison. Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine.Continue...Read More
"It doesn't matter what Kudlow says...he says the dollar is going to rise and gold will fall, and put tariffs on China. The tariffs on China are actually going to weaken the dollar, which is good for gold." Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializi...Read More
Crude steel output in Argentina grew 36.8% year on year in February, according to figures released by national steel association Acero Argentino on Tuesday March 20.Production amounted to 417,300 tonnes, up from 305,100 tonnes the year before.February's crude steel output also increased 21.4% from January's level of 343,000 tonnes.The month on month recovery is a result of the conclusion of mainte...Read More
German government figures and steel companies are looking for a quick resolution to the concerns cerated by the impending United States import tariffs on European steel. "We have agreed that very intensive talks between the EU and [the US] are needed this week to avoid a trade conflict that could damage the vital interests of both sides," Peter Altmaier, Germany's economy minister, said on Monday...Read More
Q2...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subscri...Read More
Price slide continues Aluminium prices continue...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
SHANGHAI, Mar 20 (SMM) – Base metals rode on momentum from one another and narrowed declines from yesterday. Most nonferrous metals, except nickel, closed lower. Lead fell 0.7%, tin and zinc dipped 0.6%, and copper and aluminium edged down. The ferrous complex rebounded and reduced losses. Iron ore dropped over 2%, coke fell over 1%, rebar and hot-rolled coil ed...Read More
Crude steel output in Argentina grew 36.8% year on year in February, according to figures released by national steel association Acero Argentino on Tuesday March 20.Production amounted to 417,300 tonnes, up from 305,100 tonnes the year before.February's crude steel output also increased 21.4% from January's level of 343,000 tonnes.The month on month recovery is a result of the conclusion of mainte...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. The Federal Reserve Open Market Committee meets today and tomorrow to examine U.S. monetary policy.Oracle plunged $4.56 to $47.39 after reporting lower than consensus fiscal third quarter revenues. The company also lowered its guidance. Stifel Nicolaus downgraded the stock to Hold from Bu...Read More
Aluminium Aluminium prices continue to test underlying support after the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts...Read More
SHANGHAI, Mar 20 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Tuesday March 20, while Jinchuan traded at a premium at 0-100 yuan/mt, SMM learned.Jinchuan offered nickel plate at 101,700 yuan/mt.As nickel futures traded rangebound earlier in the morning, traders made offers actively due to am...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 220-190 yuan/mt on the morning of Tuesday March 20, SMM learned. This compared with discounts of 260-220 yuan/mt on the previous day's morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
SHANGHAI, Mar 20 (SMM)? 1/4 ?The zinc market in Tianjin saw more transactions on Tuesday March 20 as many local galvanising plants resume operations gradually after a round of environmental inspection was completed, SMM learned. The 0# common brand zinc traded at a discount of 50 yuan/mt to a premium of 20 yuan/mt against the SHFE 1804 contract, and at 50 yuan/mt higher than th...Read More
Listen to this podcast airing on our site by clicking here or subscribe on iTunes here.We're likely at the beginning of a sea change in the direction of interest rates and the overall bond market, and a recession on the horizon has important implications for bond investors.In our recent Big Picture episode, Financial Sense Newshour's Jim Puplava looks at where bonds are headed and w...Read More