Base metals on the Shanghai Futures Exchange were mixed but confined to narrow ranges during morning trading on Friday January 10, with participants staying fairly cautious ahead of key employment data out of the United States later.While tensions between the US and Iran continue to ease, markets are switching focus back to the global economic outlook and the next major indicator of that, the US'...Read More
Key data from the January 10 pricing session in London.Key drivers- Cobalt prices continue to become firmer in the second half of the week ended Friday January 10, with market participants reporting a mix of trader, fund and consumer inquiries, to which sellers have gradually increased their offer prices.- Producers were believed to be comfortably sold,...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 10.Europe The ferro-manganese and silico-manganese markets rose following a steady increase in manganese ore prices in recent weeks. Alloy producers were keen to pass on the increased cost of ore to their customers, although consumers in the steel sector have been slow to show much buying in...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
The price of stainless steel in Europe decreased this week on lower monthly alloy surcharges for January, sources told Fastmarkets on Friday January 10. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-2,100 ($2,277-2,333) per tonne on January 3, down by ?,?40-50 per tonne...Read More
The United States' ferrous scrap market appears to have peaked, with buyers and sellers concurring that there is no further upside left for prices in February, but participants were mixed on where the market will head next month. "For this cycle, for sure it feels like the market has peaked. The only question, in my mind, is how soon does the market start to give back some of the gains from the la...Read More
Gold has come down a bit the last few days and so have a number of the gold mining stocks. Whether or not the conflict in Iran escalates any further, it’s a good reminder of the flight to safety we see from the market, when fear multiplies instantaneously.Clearly from the Iranian conflict scare, investors will rush to gold for more than just fear of an economic issue, which is why investors...Read More
Neodymium chunks in an ampoule. (Image by W. Oelen, Wikimedia Commons). In a recent report, analyst Roskill forecasted that the market share of neodymium-iron-boron or NdFeB-based rare earths will grow to 38% of total demand by 20?EUROE29.The rise is explained by the fact that NdFeB magnets have become the key technology in new-energy and energy-saving applications such as electric vehicles, wind...Read More
Cerro Lindo operation. (Image courtesy of Nexa Resources). Brazil's Nexa Resources (TSX, NYSE: NEXA) and the Chav?-n y Valle de Topar?? farming communities in Peru's western department of Ica, reached a deal related to the benefits people are expecting to receive for allowing the Cerro Lindo operation near their respective towns.Following a long negotiation process that required the intervention...Read More
Yellow caution tape. (Image in the Public Domain taken from Pxfuel). A report by Fitch Ratings states that miners should resist the temptation to increase cash returned to shareholders as gold prices rise and suggests exhibiting more caution than in past bull cycles.According to Fitch, companies whose goals are to stand strong in the coming years and to maintain financial and operating flexibilit...Read More
The 18-?EUR
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
RAPAPORT... The companies behind WD Lab Grown Diamonds have filed three lawsuits against competitors, accusing them of infringing patents for diamond synthesis and treatment. The Carnegie Institution of Washington, a science organization, and M7D Corporation, which trades as WD Lab Grown Diamonds, took action Thursday again six companies that produce or sell diamonds made using chemical vapor depo...Read More
RAPAPORT... De Beers has launched an immersive concept store for its Forevermark jewelry brand in China. The boutique, the first of its kind for the brand, is located in jewelry department store Caibai in Beijing, De Beers said last week. The 100-square-meter space contains interactive features, including a discovery wall, which features stories on the origin of diamonds and their positive im...Read More
RAPAPORT... Jewelers of America (JA) honored retailers, designers and journalists at Friday's GEM Awards in New York.Ed Bridge, who ran the family-owned Ben Bridge Jeweler until his retirement in November 2018, picked up the Lifetime Achievement accolade in recognition of his contribution to the industry during his time at the company. Bridge, who became CEO in 1990, ran the company with his...Read More