Seaborne iron ore lump premiums fell on Tuesday July 16, because cheaper alternatives were available at Chinese ports, market participants told Fastmarkets.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $122.15 per tonne, up $0.74 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $122.07 per tonne, up $0.74 per tonne. Fastmarkets' index for iron ore 62...Read More

Concerns about widening restrictions on imported coal at Chinese ports took center stage on Tuesday July 16, even as trading activity in the spot market remained subdued. A branded cargo changed hands at $180 per tonne fob Australia on the Global Coal platform, sources said during the day. The trade was not included in the calculation of Fastmarkets' fob DBCT index as it fell outside the eight-wee...Read More

The London Metal Exchange will list Huayou's cobalt cut cathodes with immediate effect, it announced in a note to members on Tuesday July 16.Huayou is based in China's Zhejiang province and has capacity for 2,000 tonnes per year. The approved listing is for cut cathode cobalt with...Read More

China's hot-rolled coil producers conceded to lower export prices on Tuesday July 16 despite some gains in the domestic market, with overseas buyers unwilling to pay too much for Chinese products.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, unchangedPrices picked up in Shanghai amid moderate tradi...Read More

China's domestic rebar prices picked up some strength on Tuesday July 16 on early gains in the futures market, but the export segment continued to soften on weak demand. Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-582) per tonne, widened upward by 10 yuan per tonneNorthern China (Beijing): 3,890-3,920 yuan per tonne, up 20 yuan per tonneTraders raised prices during the day in respons...Read More

The London Metal Exchange three-month nickel price rallied by 2% during morning trading on Tuesday July 16, trading just below the $14,000 per tonne resistance level while the rest of the complex followed higher. Nickel futures have not breached $14,000 per tonne since August 2018, while turnover has consistently surpassed 10,000 lots exchanged per day since July 10. The three-month price has reac...Read More

Base metals prices on the Shanghai Futures Exchange were mostly little changed with a slight downward bias during morning trading on Tuesday July 16, with renewed dollar strength offsetting the positivity stemming from China's better-than-expected economic data released on Monday. The most-traded contracts for copper, aluminium, zinc and tin on the SHFE were down between 0.1% and 0.3% as at 9.31am...Read More

Ore and alloy prices were stable in most global spot markets in the week ended Friday July 12, with excess supply continuing to put pressure on producers. UG2 ore price, cif China, ticks up; Turkish lumpy ore stable Charge chrome market in China unchanged High-carbon ferro-chrome range ddp Europe widens Ferro-chrome price in Japan narrows downward.Falls in the market for chrome ore stalled last we...Read More

New Special Coffeeshop Selection is here ?(TM)<Read More

Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy correctio...Read More

Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy correctio...Read More

Adventus said it would use the proceeds of the offering, at $1 per share, towards exploration and development activities at the Curipamba project and Ecuador exploration alliance properties, plus forRead More

When I stepped off the plane in Calgary nearly a decade ago on my first junket to the Alberta oil sands, I had a good sense of what was in store for me.I had found myself over 2,300 miles from Baltimore for the first leg of this trip, and I knew the drive ahead all too well.Once we jumped on Route 63 and headed north, there were still nearly 500 more miles to cover before I could glimpse those oil...Read More

Standard Lithium Ltd. (TSXV: SLL, OTCQX: STLHF, FRA: S5L) is a specialty chemical company, focused on unlocking the value of existing, large-scale, US-based, lithium-brine resources. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction, from over 150,000 acres of permitted brine operations,...Read More

- Stefan GleasonPresident Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton's past support of a gold standard.For example, CBS News described her as "a believer in the return to the gold standard, a money policy abandoned by the U.S. in...Read More

By: Ira EpsteinGold bias is up, daily chart shows a congestion period trying to figure out what to do next, just at the 18-DMA support. Volatility has come out of the market:Read More

By: Gary SavageLots of currency intervention going on. Be careful with gold short-term:http://blog.smartmoneytrackerpremium.comRead More

One of the real reasons for Charles Evans, Powell, etc talking about a rate cut is Trump and the Fed don't want the US Dollar too strong when the ECB is trying to drastically weaken the Euro. Fed watches both Dollar Indexes. Not just one. Which makes things very difficult for the Fed to manage the US Dollar because they have to walk a tight rope trying to manage both. Jason Burack is an investor,...Read More

James Rickards, editor of the newsletter Strategic Intelligence and an advisor on economics and financial threats to the U.S. Defense and intelligence, discusses his book, "Aftermath".Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. int...Read More

Facebook gets deservedly bad press, and yet the stock is rapidly approaching record highs. The latest headline suggests the company's planned foray into cryptocurrencies will be stillborn. Trump's administration has cited national security concerns, but the real story is that no one trusts Zuckerberg any longer. Every time he gets caught violating users' privacy in some appalling new way, he off...Read More