London Metal Exchange three-month base metals prices were mostly subdued during morning trading on Friday July 17, with a record daily surge in US coronavirus cases weakening investor sentiment, while copper futures managed a slight improvement despite thin volumes and a tight forward curve. LME copper's outright price was recently at $6,406 per tonne, sustaining above nearby support levels and up...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More
Chinese domestic spot prices of both indium and germanium have yet to yield any gains after the provincial government of Yunnan announced further details on the commercial stockpiling of several non-ferrous metals, which in theory could lend some support to these metals, Fastmarkets understands. In the latest announcement, Yunnan's provincial government unveiled the exact volumes for the commercia...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the pricing session in Shanghai on Friday July 17. Key drivers The cobalt metal price in China retreated slightly due to softening local futures prices amid weakened sentiment following a plunge on the stock market in China on Thursday. Spot...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
Markets were mixed across the board this morning, Friday July 17, while traders consolidate recent gains - key will be how well prices manage to hold up.The base metals traded on the London Metal Exchange were all down, but only by an average of 0.3%, while the base metals on the Shanghai Futures Exchange were mixed, but down by an average of 0.2% An European Union summit is underway today to try...Read More
Demand for Japanese steel scrap in key Vietnam import markets continued this week with domestic steelmakers sourcing the raw materials to churn out billet for Chinese buyers, sources said."A lot of spot demand for scrap in Asia is now [coming from] Vietnamese steel mills, which are betting on the Chinese appetite for billet imports to continue," a mill source in Asia told Fastmarkets on Friday Jul...Read More
Import prices for containerized ferrous scrap in Taiwan stopped increasing this week because buyers have started looking to secure material from Japan instead of the United States.The spread between bulk Japanese and containerized US-origin scrap narrowed to about $15 per tonne this week, making Japanese scrap a more economical choice for Taiwanese steel mills.Fastmarkets' daily price assessment f...Read More
Exports of manganese ore from South Africa have almost quadrupled from April to July, according to preliminary trade data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply. South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdo...Read More
As the country’s tax agency, the CRA affects the lives of Canadians more than much other government and federal institutions. While its usual duty is to ensure that everyone complies with their tax obligations and to offer tax incentives to those most in need, this year has been very different. The government had to provide financial relief to its citizens, and the CRA played a key role.The...Read More
Seabridge Gold is testing for a gold-copper porphyry mineral system similar to its KSM project. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it commenced drilling at its Iskut project in British Columbia. "Seabridge acquired the large land package at Iskut because we saw clear evidence of a porphyry system with many of the characteristics of our giant KSM project in rock...Read More
Silver investmentdemand is exploding in recent months, skyrocketing higher inwildly-unprecedented fashion! That has catapultedsilver sharply higher since mid-March’s COVID-19-lockdown stock panic. Accelerating even in this usually-weak summerseason, the massive capital inflows deluging into silver show no signs ofabating. This is very bullish for silver,yet most traders rem...Read More
Signs of topping, everywhere...by Harry Dent via Harry S. Dent Jr.Something BIG is brewingRead More
There will be a wealth transfer from fiat-backed assets to precious metals...Jeff Clark interviewed on Palisade RadioTom welcomes a new guest to Palisade, Precious Metals Analyst Jeff Clark.Jeff cautions that investors should be skeptical of mining companies' claims because they will always place their best foot forward.Both Jeff and Mike believe there will be a wealth transfer from fiat-backed as...Read More
To say we live in a time that will be taught in future history classes is an understatement. Not just because of the pandemic, but because America seems to be a country without a clear path ahead of it. It's a time marked by a divided and dysfunctional federal government. It's a time marked by a shrinking influence on the world stage. It's a time marked by slow but certain change in social norm...Read More
Silver investmentdemand is exploding in recent months, skyrocketing higher inwildly-unprecedented fashion! That has catapultedsilver sharply higher since mid-March’s COVID-19-lockdown stock panic. Accelerating even in this usually-weak summerseason, the massive capital inflows deluging into silver show no signs ofabating. This is very bullish for silver,yet most traders rem...Read More
Silver investmentdemand is exploding in recent months, skyrocketing higher inwildly-unprecedented fashion! That has catapultedsilver sharply higher since mid-March’s COVID-19-lockdown stock panic. Accelerating even in this usually-weak summerseason, the massive capital inflows deluging into silver show no signs ofabating. This is very bullish for silver,yet most traders rem...Read More
Silver investmentdemand is exploding in recent months, skyrocketing higher inwildly-unprecedented fashion! That has catapultedsilver sharply higher since mid-March’s COVID-19-lockdown stock panic. Accelerating even in this usually-weak summerseason, the massive capital inflows deluging into silver show no signs ofabating. This is very bullish for silver,yet most traders rem...Read More