China Molybdenum Co (CMOC), the winner of the recent auction of ammonium paratungstate (APT) stocks formerly held by the defunct Fanya Metal Exchange, is not likely to offload the materials within the next year, market participants told Fastmarkets. CMOC won 28,336 tonnes of Fanya's APT stocks for 3.27 billion yuan ($463 million) in an auction on Tuesday September 17. Rather than casting a sh...Read More

The Shanghai copper cathode premium moved higher in the week to Tuesday September 24, with continued opportunities in the London-Shanghai arbitrage prompting increased market interest, while flat demand caps premiums in Europe and the United States. Improved arbitrage prompts Shanghai premium interest European demand woes continue US traders wary of import arbitrage lossImproved arbitrage drives u...Read More

Eastern China's hot-rolled coil prices retreated on Wednesday September 25 with traders seeking more sales before the country's October 1-7 Golden Week.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($512-513) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,600 yuan per tonne, unchangedHRC futures traded below Tuesday's settlement price of 3,522 yuan per tonne for most of the day...Read More

Eastern China's rebar prices retreated on Wednesday September 25, which went on to stimulate trading activity. Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($517-520) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSellers in eastern China lowered their prices after two days of increases, which led some end users in the region to raise thei...Read More

The following Fastmarkets minor metals prices changed on Wednesday September 25:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,950-6,175 per tonne from $5,850-6,150Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,900-6,100 per tonne from $5,800-6,100Antimony MMTA standard grade II, ddp China, yuan/tonne: 39,000-39,500...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday September 25.Key driversThe ferro-titanium market dropped in price in the past week, losing $10 on the top end of the range amid slow trading. Consumers have been slow to return to the market since the seasonal summer lull, both for prompt and quarterly deliveries of ferro-titanium. Around 70 tonnes of ferro-titanium was reported so...Read More

While the ferro-alloys industry prepares to gather in Chicago for the annual North American Ferro-alloys conference on September 25-27, Fastmarkets outlines some of the key topics likely to dominate discussions this year. Where is the floor for ferro-vanadium prices? Ferro-vanadium prices in Chinese and European markets both hit all-time highs last year, partly because of an anticipated increase i...Read More

The London Metal Exchange will extend the waiver of listing fees for new cobalt brands until December 20, 2019, it said on September 24. The exchange launched the initiative on March 26 this year, initially for six months, in an effort to encourage liquidity on its physically delivered cobalt contract. Since then, Norilsk grade-I cut cobalt cathodes and Huayou cut cobalt cathodes have been listed...Read More

Ahead of the annual North American Ferro-alloys conference in Chicago on September 25-27, Fastmarkets looks at some of the key factors likely to dominate vanadium contract negotiations over the coming weeks. See also: NA FERRO-ALLOYS CONF: Likely key talking points at industry gathering in ChicagoRead More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday September 25:Aluminium scrapCommercial cast, delivered consumer UK, ?/tonne: ?660-700 per tonne...Read More

Bob Moriarty ArchivesSep 26, 2019I finishedmy latest book in January. It took another month to get the layout and a cover made just right for it. Since that time about ten thousand people have bought the book or downloaded the Kindle version for free. It is one of the highest rated books I have ever seen on Amazon and I buy hundreds of books a year. But I read a lot of trash, too.In the book I pre...Read More

Investors often ask"why do gold stocks often move at a much higher rate on a percentage basisthan the price of gold itself. The fact is that Gold stocks can giveinvestors much greater upside "leverage" over the price of gold bullion.For example, if the price of Gold moves from $1200 to $1400,the return is approximately 16%..Not bad! But with the same $200 increase ingold a $4 gold stock can rise t...Read More

Base metals, ferrous and crude all "clawed back some of the day's losses in the late afternoon", Marex Spectron's Dee Perera on the LME desk noted.The positive vibes sent the gold price lower, to about US$1,509 an ounce on the spot market earlier.Wesdome Gold (TSX: WDO) was the only gold equity to gain on the S&P/TSX Composite Index yesterday.It closed up 3.65% after announcing a significant i...Read More

FPX regained the asset, close to Centerra Gold's Mount Milligan gold-copper operation, when it paid US$4.Read More

Pizimolas is Orexplore's new general manager APAC.He also worked as general manager of SGS rival ALS's global mine site services business and has more than 20 years' experience as a metallurgical engineer."I strongly believe in the power of digital core tomographic imaging and the need to progress to more real time information from drilling than has previously been available," Pizimolas said. "The...Read More

Come with me for a quick look in the rearview mirror on a career of courage, risk, and outrageous market calls.When I started Angel Publishing (the parent publisher of Energy and Capital) on January 1, 2004, my intention was to launch an entirely unique investment research company - one whose purpose was to identify trends years before Wall Street caught on and way before they entered into the mai...Read More

- Dave Kranzler"Central Banks are panicking...the whole system is on the verge of disappearing into a black hole." - Egon Von Greyerz on USAWatchdog.comOn Wednesday, after Wednesday's overnight Repo operation had $92 billion in demand for the $75 billion operations, announced that it was increasing overnight Repos to $100 billion and doubling the two-week term Repo operations to $60 billion....Read More

SRSrocco The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes. What's interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and destroy accounted for 75% of the U.S. Treasury 2018 print order. However, according to the FederalReserve.gov website, the c...Read More

David HaggithAs noted in my last article, "Fed Loses Control of its Benchmark Interest," bank liquidity strains are written all over this month's troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint. There is a sound fundamental reason, however, that a lot is not enough. The diminished money supply is...Read More

By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More