Base metals prices on the London Metal Exchange were down across the board during morning trading on Friday February 9 after aluminium and copper stocks rose significantly. The three-month copper price dropped to a low of $6,784.50 per tonne this morning with on-warrant stocks climbing 22% this week. "LME on-warrant stocks have risen another 10% today, resulting in a 53,600 tonne or 22% rise this...Read More

China's hot-rolled coil futures tumbled on Friday February 9, though spot prices for the product were unchanged due to sparse trading.DomesticEastern China (Shanghai): 4,110-4,130 yuan ($650-654) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedThe Shanghai stock market plummeted for a fourth day, which led to growing risk aversion that weighed on ferrous futures...Read More

Chinese demand for seaborne coking coal remains underpinned ahead of next week's New Year Holiday, market participants said on Friday February 9. Surging domestic coking coal prices in the country and limited inventories meant mills were encouraging buyers to enquire about seaborne materials, a trader source said. "Some domestic miners have already gone on leave and that is further tightening...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Metal Bulletin minor metals prices changed on Friday February 9:Minor metals Antimony MB free market regulus, $/tonne: $8,500-8,700 per tonne from $8,400-8,600 Antimony MMTA standard grade II, $/tonne: $8,400-8,600...Read More

Most Chinese minor metals markets were quiet in the week to Friday February 9, the week before the Lunar New Year holiday. The major logistics companies in China have closed and most minor metals market participants...Read More

Base metals traded on the London Metal Exchange are experiencing downward pressure this morning, Friday February 9, with the complex posting an average loss of 0.7% amid healthy volumes. Nickel (-1.6%) has been hit the worst, while copper (-0.2%) appears to be the most resilient.The downward pressure across the industrial metals is driven by a deterioration in risk sentiment in Asia, evident in eq...Read More

Annual aluminium wheel alloy silicon 7 ingot premiums in Japan and South Korea for 2018 supply have largely settled at lower levels than those for last year, market sources told Metal Bulletin.Annual premiums in Japan have settled at $105-120 per tonne cif main Japanese ports for 2018 supply, down slightly from a range of $110-120 per tonne for supply in the prior year. The premiums were assessed...Read More

Swedish steelmaker Ovako predicts that it will achieve a higher volume of sales in the first quarter of 2018, driven by strong industrial activity among its customers, the company said on Friday February 9.Eurozone manufacturing output has been at multi-year highs during recent months, and Sweden has seen strong markets for cars, trucks and industrial equipment, Ovako said.The company's sales volu...Read More

China's ferrous futures trended downward during the morning trading session on Friday February 9. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,922 ($621) per tonne, down 8 yuan per tonne May hot-rolled coil: 4,008 yuan per tonne, down 14 yuan per tonne Dalian Commodity Exchange May iron ore: 529.50 yuan per tonne, down 1.50 yuan per tonne May coking coal: 1,363 y...Read More

China's domestic stainless steel prices stabilized over the past week with more and more participants leaving the market ahead of the Chinese New Year. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-15,500 yuan ($2,295-2,453) per tonne including VAT for the week ended Thursday February 8, the same as a week earlier. "More a...Read More

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday February 9:Aluminium ingot Duty paid delivered works...Read More

West Africa-focused gold producer Avocet Mining (LON:AVM) has finally concluded the three-times delayed sale of some key assets in Burkina Faso for $5 million to Ghana-based Balaji Group, a move that should avoid a looming bankruptcy.The $5-million deal includes the Inata gold mine and the Souma exploration project.The transaction, which includes the Inata gold mine and the Souma exploration pro...Read More

Canada's top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply.Uranium prices have fallen more than 70% since the Fukushima disaster in 2011, remaining low since then as a result of global glut of...Read More

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country's government and De Beers it's selling its Elizabeth Bay mine in a move that will affect at least 130 of its 1,700 employees.The announcement comes three weeks after the company wrote to staff offering voluntary redundancies, saying the move sought to ensure the sustainability of Namdeb land-based operations....Read More

https://www.reuters.com/LONDON (Reuters) – Copper bulls who are betting on labor strife this year due to a full calendar of contract talks may be disappointed if early wage deals at two copper mines are a signpost for further agreements with mine workers.Benchmark copper prices rallied 12 percent in December, partly due to fear of shortages if workers go on strike since many major operations...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More

Posted: Feb 9, 2018JK: Discovery Watch Feb 9, 2018 with Jim Goddard and John KaiserPublished: Feb 9, 2018HSC: Discovery Watch Feb 29 2018: Will Osisko's Windfall Rethink Payoff?Discovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. The proje...Read More

The Pentagon is considering deploying Marine Expeditionary Units to Asia to reassure Asian allies and deter Chinese influence in the region.Continue...Read More