A summary of base metals premiums across the globe for the week to Tuesday January 2.Read More
Base metals prices were on divergent paths at the close on the London Metal Exchange on Tuesday January 2 while most prices tried to consolidate recent gains. Zinc was one of the strongest performers today, hitting a high of $3,352 per tonne - the highest since August 2007. Lead followed its sister metal higher, closing up 2%. "Zinc has opened 2018 in a bullish mood; still, falling LME stocks sugg...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 2, 2018The world’s most awesome asset is taking the world gold community into the new year with grand style. Pleaseclick here now. Double-click to enlarge. Gold has stunned most analysts and roared to my $1310 target price without missing a heartbeat!The bull wedge pattern is bo...Read More
Comex copper prices consolidated in the US morning on Tuesday January 2 after trading around a four-year high at the end of 2017. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.20 cents or 0.4% to $3.2885 per lb. Earlier today, prices were in positive territory after Chinese manufacturing data surprised to the upside. But after closer inspection and...Read More
I experienced a real eye-opener this past week. The lease on my fiance's Audi A3 terminates soon. I was scanning the "pre-owned" inventory at the two largest Audi dealers in Denver expecting to see some good deals on 2013/2014 Audi A4's that had come off lease. Instead, I was shocked to see at both dealers a large selection of 2016/2017 A4s with less then 20k miles. Some under 10k miles. I even sa...Read More
High-grade manganese ore prices edged lower on Friday December 29 as fresh customs data showed rising imports to China and silico-manganese futures prices looked weaker. Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 5 cents to $6.88 per dry metric tonne unit (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rolled over at $5.79 per dmtu, equivalent to $...Read More
All members of the China Smelters Purchase Team (CSPT) have agreed to adopt $82.25 per tonne and 8.225 cents per lb as the benchmark for copper treatment and refining charges (TC/RCs) in 2018, the CSPT told Metal Bulletin on Friday December 29.2018 annual TC/RCs were settled between Tongling Nonferrous and Freeport-McMoRan on Wednesday December 27.This was the first time that Tongling No...Read More
Lithium carbonate concentrated from Sturgeon Lake oilfield brine in Alberta using MGX’s rapid recovery process. Source: MGX Minerals Inc.MGX Minerals Inc. [XMG-CSE; OTCQB-MGXMF] said Tuesday January 2 that it has completed a site survey in preparation for 3-D geophysics at the company's Paradox Basin petrolithium project in Utah. The purpose of the geophysical survey is to outline subsurface...Read More
Drilling at ML Gold's Palmetto property in Esmeralda County, Nevada, on the Walker Lane Gold Trend. Source: ML Gold Corp.ML Gold Corp. [MLG-TSXV; MLGCF-OTC] said Tuesday January 2 that it has commenced winter drilling on its recently acquired Stars property, which is located southwest of Houston, British Columbia. The company said the property lies within a highly prosperous porphyry belt that pas...Read More
The Turkish deep-sea scrap market remained silent on Tuesday January 2, as suppliers remained out of the market, sources told Metal Bulletin.Steel mills in the country paused their deep-sea bookings two weeks ago, but are expected to book more cargoes for February.However, suppliers have stayed away during the New...Read More
The Indian imported ferrous scrap market spent much of 2017 under pressure from new government regulations and the ability of Pakistani counterparts to pay higher prices.The Indian import ferrous scrap market spent much of 2017 under pressure from new government regulations and the ability of Pakistani counterparts to pay higher prices.The introduction of the goods and services tax (GST) in July,&...Read More
China's ferrous futures rose during morning trading on Tuesday January 2 as sentiment improved in the new year, leading to the recovery of trading appetite. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,871 yuan ($594) per tonne, up 70 yuan per tonne May hot-rolled coil: 3,920 yuan per tonne, up 69 yuan per tonneDalian Commodity Exchange May iron ore: 543.50 yuan...Read More
Comex copper prices consolidated in the US morning on Tuesday January 2 after trading around a four-year high at the end of 2017. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.20 cents or 0.4% to $3.2885 per lb. Earlier today, prices were in positive territory after Chinese manufacturing data surprised to the upside. But after closer inspection and...Read More
Base metals traded on the London Metal Exchange are for the most part consolidating this morning, Tuesday January 2, with lead the exception where prices are up 0.6% at $2,514 per tonne. The rest are little changed with copper prices at $7,254 per tonne, but trading volume has been high at 11,821 lots as of 7.30am London time. This comes after an overall positive close to the year on Friday Decemb...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Jack Chan's Weekly Precious Metals Market UpdateSource: Jack Chan for Streetwise Reports January 2, 2018 (Investorideas.com Newswire) Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting buy signals for both gold an...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Copper Outlook at Critical Juncture and Implications for the Silver PriceSource: Clive Maund for Streetwise Reports January 2, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund delves into the reasons behind copper's recent rise and what that...Read More
With resignations, acquisitions and co-operation agreements, the last few weeks of 2017 were unusually busy for many European steel companies. Metal Bulletin brings together some of the more important stories from the festive period.British Steel chief resigns British Steel has started 2018 without a permanent chief executive officer, after the resignation of Peter Bernscher on December...Read More
Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for new prices to be announced before making any new purchases, sources told Metal Bulletin on Tuesday January 2.There was no new price published after the New Year holiday, and the domestic markets in those countries were trying to get used to the imposition of 5% VAT on January 1, 2018.However, most buyers were expe...Read More
Nothing should happen to your body without your consent.Seems pretty straightforward. Yet our society is predicated on ignoring consent.Recently we have heard all about famous and powerful people ignoring consent when it comes to sexual advances.But consent is just as important when it comes to labor, for instance. Completely forced labor is slavery.Taxes also amount to a less intense form of forc...Read More