Seaborne premium hard coking coal prices tumbled on Friday October 16 with transactions agreed at lower prices after Chinese authorities asked for a halt to imports of Australia-origin coking coal.The Chinese authorities' notice was only in verbal form, and has not yet been published, but it led steel mills and traders in China to divert their cargoes to other destinations.Fastmarkets indicesPremi...Read More
China's domestic hot-rolled coil prices experienced some recovery on Friday October 16, but some mills have made some export pricing concessions to boost trading.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($578-579) yuan per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, down 30-60 yuan per tonnePrices in Shanghai rega...Read More
An overview of the consumer electronics markets and the latest price moves.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard...Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States. Despite the spread of the pandemic the markets seem to be assured that more stimulus will be forthcoming. EU passenger car registrations climbed 3.1% in September, compared with last year, bu...Read More
Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More
The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday, unchanged from the previous day and up by...Read More
The fact that top management holds a significant personal stake in Goldcliff Resource Corp. raises the confidence level of sector expert Michael Ballanger in the company's potential as a winning investment. Goldcliff Aurora WestWith a mere nineteen days (19) to go until the U.S. election, I think it is important to turn down the volume on the business news networks and ignore the commentators, th...Read More
Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency. Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More
Oct 19, 2020 Guest(s): Mark Skousen October 19, 1987 was a day of infamy for stock market traders. Known as the "Black Monday" stock market crash, markets all around the world tumbled, with the U.S. markets falling more than 20% during the trading session that day.Mark Skousen, editor in chief of Forecasts & Strategies, predicted that a major market correction would happen in 1987, and mont...Read More
Oct 20, 2020 Guest(s): Rahul Paul President, Radisson Mining Resources Not only are macroeconomic conditions still positive for gold, but the scarcity of supply also runs in the metal's favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V). "Because of the lack of spending over the last several years, we haven't seen as many new discoveries, so we're now beginning...Read More
Oct 20, 2020 Guest(s): Doug Casey Founder, Casey Research In this interview, Doug Casey, founder of Casey Research and InternationalMan.com, discusses the collapse of Western society, the growing chances of another American Civil War, investing versus speculating, a gold bubble, and the morality of political assassinations. The chances of Americans clashing in another Civil War are now higher th...Read More
Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency. Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More
Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency. Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More
Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency. Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More
Global nickel production is expected to decline by 7.4% to 2.19-million in 2020, data and analytics company GlobalData says, citing the temporary suspension of mines caused by the Covid-19 pandemic and the advancement of Indonesia's export ban.Indonesia's mine production is expected to fall to 680 000 t in 2020 - down by 15%, compared with 800 000 t in 2019, owing to the advancement of the exports...Read More
Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals pricesRead full newsRead More