The massive waves recorded in London Metal Exchange copper stocks could subside in 2018, with the big bull buying up tonnage to meet the coming year's commitments and deliveries from the bears to the exchange expected to return to their normal pace seen before 2016. The battle between two major trading houses that played out in the LME copper warehouses began in 2016, causing prices to rise and fa...Read More
Iron ore prices edged up and remained above $76 per tonne cfr China on Friday January 5 despite a further retreat in Chinese steel prices.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.80 per tonne cfr QingdaoDaily change: up by $0.26 per tonneMonth-to-date average: $75.76 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.32...Read More
Gold is back on everyone's list as a must-have investment this year, and one of the best ways to profit from rising gold prices is to invest in gold mining stocks.Gold prices are up 6.3% since hitting a five-month low on Dec. 12. And this gold price rally is only just beginning.Money Morning Resource Specialist Peter Krauth predicts we are entering a gold bull market that could last until 2020, a...Read More
For over 40 years, legendary resource investor Rick Rule has followed one simple formula for producing astounding gains….That includes 6,100% on Silver Standard, 7,900% on Lumina Copper, and an astronomical 99,900% windfall on Paladin Energy."It's very simple," says Rule. "I look for commodities where demand is assured over time and where it's being sold in the market for less than the cost...Read More
Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More
Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More
Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.Sales revenues of such vehicles have increased by over 40% every year since the launch in 2011 and it is expected maintain a 38% growth rate in 2020, the reported noted.“Battery costs have dropped dramatically over the past five years and they will continue to go down with th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.U.S. equity index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December Non-farm Payrolls was 190,000 versus revised 211,000 in November. Actual was148,000. Consensus for December Unemployment Rate was unchanged at 4.1% from November. Ac...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ? Copper concentrate treatment charges (TCs) have come down to $76-85/mt over the past week, below the floor price at $87/mt set by China Smelters Purchase Team (CSPT) for the first quarter of this year.SMM understood that most transactions were done by small to medium-sized smelters with sellers giving pressure to buyers. In fact, such market condition is likely to last...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ? A similar product to nickel pig iron (NPI) produced in Indonesia, FeNi Luppen, is set to change the global nickel supply pattern if Chinese stainless steel mills are receptive, SMM learned.Backed by Russian investors, Blackspace in Indonesia launched the nickel intermediate product in 2017 and claimed the production could hit 200,000 nickel mt in 2019. A source add tha...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More
The following is a summary of our recent FS Insider podcast, US Productivity Is Accelerating, Says RenMac's Neil Dutta, which can be accessed on our site here or on iTunes here.The bull is likely to remain intact through 2018 - if not 2019 - based on the global growth outlook and leading indicators.That's the outlook from Neil Dutta, Head of Economics at Renaissance M...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More
SHANGHAI, Jan 5 (SMM)? 1/4 ?Copper: LME copper prices remained rather firm with a support at the 10-day moving average. It is possible that prices would resume the upward movement and we expect the contract to trade at $7,160-7,210/mt today. The SHFE 1803 copper, on the other hand, is forecast to trade at 54,600-55,100 yuan/mt today while we see decent physical restocking demand.Aluminium: LME alu...Read More
Private Blog – Gold & the $1,000 LevelRead More
Base metals prices trading on the London Metal Exchange are generally higher this morning, Friday January 5, with copper and aluminium both up by 0.1% at $7,193 per tonne and $2,248 per tonne, respectively, and the rest up by between 0.2% and 0.4%. The exception is nickel, which is down by 0.9% at $12,530 per tonne.Volume has been average, with 6,133 lots traded as of 06:43am London time. This fol...Read More
Palisade ResearchJanuary 5, 2018 Category: ResearchOpinions can vary, but charts made from hard data don’t lie.And what these charts are showing is that gold is about to break out into a new multi-year bull market. . .Take a look for yourself. . .Number 1.This critical chart of the TSX Venture shows you the extreme gains that come after each bear market.But – what is the TSX Venture?It...Read More
Palisade ResearchJanuary 5, 2018 Category: ResearchOpinions can vary, but charts made from hard data don’t lie.And what these charts are showing is that gold is about to break out into a new multi-year bull market. . .Take a look for yourself. . .Number 1.This critical chart of the TSX Venture shows you the extreme gains that come after each bear market.But – what is the TSX Venture?It...Read More
The non-profit organization Quality of Life Plus (QL+) donated $50,000 to enhance a lab at Colorado School of Mines where students work exclusively to develop adaptive equipment to solve mobility challenges posed by veterans and first responders who have disabilities. The funds will be used to purchase equipment for measurement, prototyping and fabrication of innovative, custom devices to elevate...Read More
European stainless steel base prices have remained unchanged over the past week, with market activity quiet early in 2018, sources told Metal Bulletin on Friday January 5.Metal Bulletin's weekly base price assessment for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,130 ($1,277-1,361) per tonne delivered in Northern Europe on Friday."The market is still very quiet, with many countries sti...Read More