"We are excited to see @PhoenixGlobalM take to the stage next week at #MJselectPhoenix Global has a 23 square kilometre brownfields exploration property in Idaho, USA. The old Empire Mine and 3 other past producing mines are within the property https://t.co/qhqmCphM6E #MJS"Read full newsRead More
* Copper touches highest since May 21 * GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 20 (Reuters) - Nickel and other base metalsmarched higher on Thursday after the U.S. central bank signalledrate cuts and investors hoped that the economy of top metalsconsumer China would recover.Both nickel and copper touched the highest levels in morethan three weeks, partl...Read More
"Spearmint Resources (@Spearmint_Res)(#CSE: $SPMT | #OTCQB: $SPMTF) Exploring the Bountiful #Mining Assets of the #GoldenTriangle [https://t.co/BNVT5yo7MZ]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #exploration #gold #copper #news"Read full newsRead More
As we head into the seasonally weak summer months, it is best to look for, initiate, or accumulate positions with sound fundamentals, trading with valuation disconnects due to exogenous factors, notes David Morgan, editor of The Morgan Report, www.TheMorganReport.com. Further, the adage "Sell in May and come back after Labor Day" may apply. This is the most common occurrence in the summer months;...Read More
Reuters - Barrick Gold Corp the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday. Acacia agreed on Tuesday to extend to July 9 the deadline for Toronto-based Barrick to make a firm offer to...Read More
According to Ross Norman, CEO, Sharps Pixley, www.sharpspixley.com, a London-based bullion broker, gold could be in the very early stages of a bull run. "We are seeing distinct similarities with the very early bull run in the late 1990s, just before we saw that inflection moment. There was massive despondency in the physical market for gold, increasing M&A amongst the miners and a market tra...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 19.Please click...Read More
The United States Secretary of Commerce has joined the growing chorus of voices questioning the current method of setting the US Midwest aluminium premium. Wilbur Ross said the US Midwest aluminium premium is at inflated levels that do not justify the cost of transportation and logistical handling costs that it was originally designed to reflect. His view is being echoed by a number of...Read More
Chinese nickel premiums jumped to record highs, creating expectations that global premiums will follow them higher while metal is drawn to China from Europe. Arbitrage opportunities push up both Chinese nickel premiums European premiums hold up despite some supply being diverted to Asia US premiums steady but briquette business seen as weak Chinese premiums at highest everIn China, the in-warehous...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady. Adobe (ADBE - Get Report) climbed after the San Jose, Calif.-based software company beat Wall Street's second-quarter earnings estimates. Adobe is Real Money's Stock of the Day. U.S. Ste...Read More
An overview of the noble alloys markets and the reasons for any price moves. Read More
An increase in Northern European buyers' spot market activity improved zinc premiums in Europe this week, while the closed import arbitrage window is weighing on zinc premiums in China and the United States' lead and zinc spot markets were quiet. Northern European zinc consumers acquired units from the spot market this week, leading premiums to rebound from record low levels. A major Indian lead...Read More
Codelco has presented a new labor offer to the three trade unions on strike at its Chuquicamata operation and workers will deliberate on the matter on Wednesday June 19.The Chilean state-owned copper producer proposed a 1.2% wage increase and a bonus amounting to 14.1 million Chilean pesos ($20,185) in a labor contract effective for 36 months. Under the country's law, all workers involved in the n...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Largo Resources has appointed Paul Vollant as its director of sales and trading, the vanadium producer said on Wednesday June 19.Starting from September 2019, Vollant will lead the development of Largo's sales and trading business, the Toronto-based producer said.Vollant's experience includes the position of general manager of sales and marketing at TNG Limited, Shanghai, where his responsibilitie...Read More
Turkish steel producers have resumed their deep-sea scrap bookings after a short break of a day, but demand is expected to slow down, sources said on Wednesday June 19.A steel mill in the Iskenderun region booked a US cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $278.50 per tonne and 7,000 tonnes of shredded at $283.50 per tonne cfr. This compares with a deep-sea deal from this region on M...Read More
Dovish comments from European Central Bank (ECB) president Mario Draghi combined with some positive US-China trade developments, in that US president Donald Trump said he will meet Chinese president Xi Jinping in late June, to prompt a recovery in equities and industrial metals prices on Tuesday June 18. Markets are now consolidating while they await direction from the conclusion of today's US Fed...Read More
Key data from the Wednesday June 19 pricing session in Shanghai. Key drivers - The cobalt sulfate price in China trended lower on continued weak demand, although the rate of descent slowed in June compared with May, which reflects producers' resistance to lower bids.- Changes to the Chinese subsidies policy on electric vehicles...Read More
Fastmarkets MB will launch a weekly assessment of the South America Galvalume steel coil import price, reported on a US-dollar-per-tonne cfr South America basis.Following the original consultation period for this proposed launch, which ended on May 31 before it was extended by two weeks to June 7, Fastmarkets has decided to launch its Galvalume steel coil import, cfr main ports South America, $ pe...Read More
The domestic prices paid for hot-rolled coil in Europe have been largely stable over the week, market sources told Fastmarkets on Wednesday June 19.Mills continued to make attempts to achieve higher transaction prices, while buyers resisted further price increases on slow market activity. End users were reportedly "not ready" to pay higher prices to distributors, while stockholders and service cen...Read More