Gold and nickel look set to be winners, while coal, iron ore and zinc may struggle, the bank said.Read full newsRead More
Implats said the transaction wouldRead full newsRead More
"Reflecting on @PowerMetRes' #Katoro announcement yesterday and it is clear the exploration potential at #Haneti is huge.The full announcement can be read herehttps://t.co/jgLqVoDvcSWe will provide a review of this soon.#KAT #POW"Read full newsRead More
Two of our favorite sentiment surveys are historically far apart Two popular sentiment surveys that we follow are showing vastly different outlooks for investors. You would expect some optimism given that the S&P 500 Index (SPX) is up 15% on the year and less than 5% away from its all-time high. The sentiment survey done by Investors Intelligence (II) shows optimism just as one would expect. The s...Read More
"$UAA - Under Armour: The Dark Horse In The Sportswear Market. Sign up for updates on Seeking Alpha! https://t.co/OboV5jSbSX #stocks #finance #trading"Read full newsRead More
"$JNJ - Johnson & Johnson's Nod For Prostate Cancer Drug May Offer Hope To Specific Patients. Get more info on Seeking Alpha: https://t.co/DSI8f9TpBc #markets #investing #stockmarket"Read full newsRead More
"$DB - Deutsche Bank Shrinking, Thanks To Low Interest Rates And Anemic EU Economy. Keep reading: https://t.co/aWdS0u14Ly #stocks #investing #business"Read full newsRead More
Even in markets run by Presidential tweets and Federal Reserve whims, there are a few irreversible trends that will make fortunes for investors. Dozens of today's top experts are going to provide the inside track to these trends at the world's most exclusive and profitable investment event. The New Orleans Investment Conference has a long history of attracting insightful - even legendary - figures...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 8.Please click...Read More
The London Metal Exchange three-month copper price fell by 0.6% at the close of trading on Tuesday October 8 to $5,682 per tonne compared with $5,722 per tonne the previous day despite a doubling of lots traded from this morning, with just shy of 16,500 lots having changed hands by the afternoon kerb. The red metal's LME three-month price has ignored a 4,800 tonne outflow from LME-approved warehou...Read More
A consortium including commodities brokerage Marex Spectron has launched a product monitoring the up-to-date operational status of up to 90% of the world's copper smelters using satellite technology. The SAVANT Global Copper Smelting Index is a partnership between Marex Spectron and geospatial intelligence company Earth-i, with development partly funded by the UK Space Agency via the European Spac...Read More
Chilean copper miner Antofagasta has requested the government to mediate discussions with the union of its flagship Los Pelambres mine, putting a brake on an imminent strike at one of the world's largest copper mines. The Los Pelambres union said on Monday October 7 that Antofagasta has requested mediation from the labor bureau of the Chilean government regarding a rejected remuneration package. T...Read More
"The trade war is only becoming more complex, all of the sudden encompassing issues related to capital markets, moral concerns, and cultural institutions. For markets, this is complicating an already complicated situation," IG market analyst Kyle Rodda tweeted this morning.Meanwhile the US and Japan yesterday signed two new trade agreements.Gold has bobbed back up over US$1,500 an ounce to $1,507/...Read More
Fastmarkets has amended the specifications of its two cobalt hydroxide price assessments to take account of chemical components, mine origin of material eligible for consideration, and publication frequency. Following a consultation, Fastmarkets has tightened the chemical specification of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt...Read More
Star Diamond acquired Newmont's interest in the broader Fort à la Corne joint venture in June 2017 and concurrently entered an option to joint venture agreement with Rio over up to 60%, which it dubbed Project FalCon.The company said Rio had used new sampling technology at its Star kimberlite, with the trench cutter sampling rig able to reach up to 250m below surface and it had been designe...Read More
Turkish steel mills continued to stay out of the deep-sea scrap markets on Tuesday October 8 with prices unchanged on a lack of fresh bookings, according to market sources. Market participants told Fastmarkets that mills in Turkey booked a lot of cargoes for November shipment and can now take a break and focus on finished steel markets. But market participants believe...Read More
Participants were expecting a stronger performance by the base metals on Tuesday October 8 following the reopening of Chinese markets, but futures prices on both the London Metal Exchange and Shanghai Futures Exchange have been mixed.On the LME, three-month copper, zinc and lead prices were firmer by an average of 0.5%, while nickel, tin and aluminium were down by an average of 1.1% - led by a 2.1...Read More
Poor demand continues to weigh on Indian silico-manganese prices. Indian silico-manganese prices now down for six weeks runningEuropean alloy prices hold steady in thin tradingManganese ore prices keep sliding on poor demand, plentiful supplyUS prices remain flat in inactive market. Indian silico-manganese export prices dropped for a sixth consecutive week due to persistent weak demand domesticall...Read More
Fastmarkets has amended the specifications of its two cobalt hydroxide price assessments to take account of chemical components, mine origin of material eligible for consideration, and publication frequency. Following a consultation, Fastmarkets has tightened the chemical specification of the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt...Read More
Brazilian domestic flat steel prices fell in October, when discounts became more widespread and steelmakers were announcing price increases to try to reverse the trend.Fastmarkets' price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, was at 2,245-2,425 Reais ($546-590) per tonne on Friday October 4, down from 2,250-2,470 Reais per tonne on September 6.The assessment for&...Read More