Key data from the Wednesday November 6 pricing session in London. Key drivers The price for manganese flake in Europe edged down this week with several buyers able to book material in Rotterdam at cheaper levels close to $1,650 per tonne. Offers at $1,700 per tonne were turned down. The price has been under pressure on...Read More
Key data from Wednesday November 7 pricing session in Shanghai and London. Key drivers Cobalt hydroxide payables dropped at the start of November after suppliers cut their offer prices to encourage spot buying; spot trade has been slow since China's Golden Week holidays in early October. Chinese consumers have either stood on the sidelines or made aggressive bids (based on refinery net...Read More
Key data from the Wednesday November 6 pricing session in London. Key drivers: Liquidity above $18 per lb thins for both standard grade and alloy grade cobalt after recent weak spot demand entices cheaper offers. Swift rally from $12 per lb to $18...Read More
Fastmarkets invites market feedback on a consultation on a proposed increase in the frequency of its benchmark prices for cobalt standard grade and cobalt alloy grade, in-whs Rotterdam, to daily. This pricing notice was originally published on October 9. Feedback is invited until November 27. Fastmarkets currently assesses both prices on Wednesday and Friday each week.Initial feedback suggests tha...Read More
Southwestern China's Kunming Intermediate People's Court is auctioning the 19,228.05 tonnes of bismuth once held by the defunct Fanya Metal Exchange, according to an official notice published via the Alibaba judicial online platform on Thursday November 7.The auction is scheduled to begin at 10am Shanghai time on November 22 and will...Read More
Austrian steelmaking group Voestalpine has reported a fall in its earnings for the first half of the business year 2019/20 due to a "substantial damping of sentiment in its economic environment," the company said in its latest results statement.The economic downturn in Europe which has been gathering speed in key markets, and the conditions in the European steel market, had depressed earnings, the...Read More
Hebei Steel, China's second largest steel mill, has announced its purchase price for silico-manganese will be 6,100 yuan ($870) per tonne for November delivery, down by 1,200 yuan per tonne from its October tender price, market sources told Fastmarkets on Thursday November 7. This compares with the October delivery tender price set at 7,300 yuan per tonne in late September. Hebei Steel releas...Read More
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Bob Moriarty ArchivesNov 8, 2019When I found out Quinton Hennigh was going to be ageological advisor to Lion One back in early 2019, I wrote about them. They just announced results that pretty much prove what I was trying to say. In technical terms, they hit Bigly.Lion Onetalked about what they were aiming for in the drill programin a press release issued over a month ago as they began the drill p...Read More
The company's shares were at 14.6p at the start of November. Its current market value is about £34 million.UK stockbroker SI Capital is now IronRidge's sole broker after arranging the placement.CEO Vincent Mascolo said IronRidge was on track to start drilling "multiple targets across our suite of gold projects in Cote d'Ivoire in the near term" and deliver a maiden mineral resource for the C...Read More
Solid prices for coking coal and iron ore, coupled with weak steel prices, have created a challenging environment for steel players in 2019, but the company believes mounting supply tightness willRead More
Swick Mining Services founder and managing director Kent Swick told the company's annual general meeting in Perth, Western Australia, after several years pegged around A$135-140 million of annualRead More
A convoy carrying mine workers was attacked by gunmen, 40km from SEMAFO's Boungou gold mine in the Est region, killing 37 people and injuring a further 60.Read More
It's crazy out there.And what's truly frightening: We all know it's crazy out there, but few people seem to be doing anything about it.Earlier this week, billionaire hedge fund manager Ray Dalio published a blog where he argues an excess of free money, enormous government deficits, and excessive social liabilities have set the world up for a "big paradigm shift." Dalio concludes, "The system of ma...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More
The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More
By: Ira EpsteinGold - how far low can it go?Read More
Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More
"We are removing any and all mentions of the potential whistleblower's name and will revisit this decision should their name be widely published in the media or used by public figures in debate.Continue...Read More