Seaborne coking coal prices moved up on Monday December 2, as spot trading activity remained robust. Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.95 per tonne, up $3.29 per tonnePremium hard coking coal, cfr Jingtang: $146.63 per tonne, down $0.67Hard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingtang: $130.25 per tonne, unchanged ....Read More
Fastmarkets has changed the publication day for its weekly Shanxi-origin, Tangshan-delivered domestic China coking coal price from every Friday to every Monday.The change follows market consultations that started on November 11.The specifications of the price remain unchanged:Price: Hard coking coal domestic China spot market, Shanxi-origin, delivered Tangshan, yuan/tonne Quality: Volatile ma...Read More
Seaborne iron ore concentrate and pellet prices continued to rise last week, with Chinese steelmakers still favoring higher grade materials given extending profitability.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao rose by $3.56 per tonne to $104.11 per tonne on Friday November 29.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qin...Read More
Fastmarkets will increase the frequency of its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, to daily from Monday February 3, 2020.From February 3, Fastmarkets will assess prices for the following two markets on a daily basis: Cobalt alloy grade, in-whs Rotterdam, $/lb Cobalt standard grade, in-whs Rotterdam, $/lb The decision to increase frequency follows an e...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday November 30.China The Chinese silicon 5-5-3 export price increased from previous week even though the market was quiet - the rise reflects tight domestic supply caused by a seasonal production suspension in Sichuan and Yunnan provinces and low operating rates at smelters in Xinjiang province.Chinese producers have...Read More
Key data from the pricing sessions in Asia and Europe in the week ended Friday November 30.China The price of antimony, MMTA standard grade II, ddp China continued lower for the fourth consecutive week in the week on November 29 in response to a few suppliers lowering their offers again to entice buying interest for the sake of cash generation.Several antimony suppliers cut their offers again last...Read More
Belgian battery-materials manufacturer Umicore has completed its purchase of cobalt refining and cathode precursor activities in Kokkola, Finland, from Freeport Cobalt for $203 million. The purchase is on a debt and cash-free basis and includes about $50 million of net working capital. It is anticipated that the acquisition will be earnings accretive from 2020 and value accretive from 2021, Umicor...Read More
Weekly Reports |Dec 03 2019Volumes in uranium markets surged in November as buyers from all corners jumped on the bandwagon.-Spot uranium volumes up 50%-Uncertainties still linger-Swedes prefer greenBy Greg Peel"The month of November was tumultuous on a number of fronts for the nuclear fuel industry," notes industry consultant TradeTech. "The decision by the US government to lift the waiver on Ira...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 3, 2019While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that’s very good news for investors.Pleaseclick here now.I predicted that Indian jewellers would step into the market in the $1465 area, and that has obvio...Read More
The latest sales pricing compares with the preliminary $6,200-6,500/t guidance in October.Read More
Shares in the Eritrea-focused Danakali have drifted lower since April, but AFC has elected to put in a further A$74 million by buying shares at 60c, a 5% discount to the 30-day average.Read More
"Despite being awarded several times this year for our continued focus on safety, this incident has really knocked us off balance," CEO Scott Perry said on a call Monday."Our primary concern is to safely return our two missing employees and the safety of our search and rescue teams. We are coordinating closely with family members of the missing team members and local authorities."Centerr...Read More
Despite Trump's tweet blowing up the market today, the economy is doing better than Wall Street has expected. And it's only going to get better over the next six months.Unemployment is at 50-year lows, and finally the working man is getting wage increases. The average household balance sheet is better than it has been in years, if not decades. The Christmas shopping season should do very well.Rece...Read More
By: Daniel R. Amerman, CFAWe currently have well above average prices for stocks, bonds and homes. This raises a simple question - what would happen to the average retirement account and to home equity for the average homeowner, if valuations were to return to what long term averages show us are normal valuations?Using decades of valuation information on stocks, bonds and homes, this analysis de...Read More
Stewart Thomson, Graceland Updates 1. While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that's very good news for investors. 2. Please click here now. I predicted that Indian jewellers would step into the market in the $1465 area, and that has obviously occurred. 3. Given the onerous import duty, Nov...Read More
Clint Siegner, Money MetalsThe presidential race will mesmerize Americans over the next 11 months. The country hasn't been this polarized since the Civil War.Voters on the left desperately want a story which undermines support for President Trump. They are also searching for a candidate who can actually win.Many Republicans are outraged about the Deep State and corporate media campaign obsession...Read More
Dave Kranzler, Mining Stock JournalThe price of gold has held firm at the $1460 (front-month contract basis, not the Kitco "spot" price) level despite the constant price attacks that have been occurring overnight and into the Comex floor trading hours since early November.On an intra-day basis gold has managed to hold continuous aggressive attempts to push the price below $1460 for the last 6 tr...Read More
Stage is set for big rally in gold and silver unless various US November jobs numbers beat street expectation by a big margin. U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. USA has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal s...Read More
If history were to repeat itself, the recent escalation of the trade wars could result in a recession, this according to Doug Casey, founder of Casey Research."It was the Smoot-Hawley tariffs that really brought on the last Great Depression, and it could happen again this time. The world is much more involved in trade now than it was in the 1920's," Casey told Kitco News. Doug Casey is an American...Read More
Topics include: on the verge of economic collapse, the Bernanke bust, repurchase agreements and QE, inter-bank LIBOR rate cuts, negative interest rates, massive currency creation, impossible to be fixed, vital to be prepared, modern monetary 'theory' and socialism, risk of hyperinflation, safe havens in precious metals and certain cryptos, zero risk in precious metals, self-sufficiency, GoldSilver...Read More