Powell will join a number of Fed speakers, while the FOMC minutes are also dueThe first full trading week of July will be relatively quiet on the earnings front, but there's plenty of action on the economic side. In addition to a pair of inflation updates, several central bank speakers -- including repeat performances from Fed Chair Jerome Powell -- and the Federal Open Market Committee's (FOMC) J...Read More
Gold finally has its shine back. Yes, some folks may have abandoned gold in favor of digital gold -- bitcoin has surged several hundred percent recently. But the world's favorite precious metal is sparkling again too. Recently, the price of gold topped $1,400/oz, marking its highest level in moreRead full newsRead More
"K92 Mining Announces Record Tonnage Treated in Second Quarter With Gold Production 25% Above Budget From Kainantu Gold Mine https://t.co/TG6diCyjFu"Read full newsRead More
Gold finally has its shine back. Yes, some folks may have abandoned gold in favor of digital gold -- bitcoin has surged several hundred percent recently. But the world's favorite precious metal is sparkling again too. Recently, the price of gold topped $1,400/oz, marking its highest level in moreRead full newsRead More
* Landslide at KCC mine last week killed 43 people * Activists fear standoff with army could lead to violence * Evicted miners pillaged local stores - rights activist (Adds army comment, detail about arrests)By Aaron RossDAKAR, July 4 (Reuters) - Congolese security forces evictedthousands of illegal miners from a copper and cobalt mine run byGlencore on Thursday, sparking angry protests outsidethe...Read More
Insiders have been buying as Exco Technologies (XTC) approaches a 4-year bear market. Full report is availabe here. INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. Your browser does not support the audio element. DownloadRead More
Tin's three-month price on the London Metal Exchange climbed by more than 3% at the close of trading on Wednesday July 3, settling above the nearby $18,000-per-tonne resistance level after sliding by more than 6% at Tuesday's close. More than 600 lots of tin were traded by the close, around half of Tuesday's total volumes traded but higher than the June average of around 300 lots. Recovering...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all closed at record highs. Symantec (SYMC - Get Report) shares surged amid reports that the cybersecurity firm could be bought by chipmaker Broadcom (AVGO - Get Report) . Symantec is Real Money's Stock of the Day. Tesla (TSLA - Get Report) shares rose after the electric-...Read More
Chinese nickel premiums dipped in the week to Tuesday July 2 while the closed import arbitrage window and sufficient supply of material in the region dampened physical appetite for the metal and European and United States' premiums continued to trade flat on holiday season illiquidity. Arbitrage loss in China sends both nickel premiums down European premiums trade flat amid summer season illiquidi...Read More
Open Mineral Exchange beat hopefuls to be named one of 56 Technology Pioneers of 2019 by the World Economic Forum (WEF) in Zug, Switzerland, on July 1 for its trading platform.The Swiss trading platform wants to bring transparency to the metal concentrate markets, which enables buyers and sellers to swap assays, payment terms and trade via its online business-to-business platform.The platform is.....Read More
China's Hebei Steel raised its purchase price for silico-manganese alloys to 7,900 yuan ($1,150) per tonne for July delivery, up 3.9% from 7,600 yuan per tonne for June, market sources told Fastmarkets.China's second largest steel mill's monthly purchase price hike was mostly in accordance with market expectations amid the strong momentum in spot silico-manganese prices in June, while some alloys...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The steel mills in Turkey have continued to book deep-sea scrap cargoes for August shipments to replenish their stocks, sources said on Wednesday July 3.A steel mill in the Marmara region booked a US cargo, comprising 30,000 tonnes of HMS 1&2 (80:20) at $299 per tonne, 5,000 tonnes of shredded at $304 per tonne and 5,000 tonnes of bonus at $309 per tonne cfr.This compared with the...Read More
Prices for rebar produced and delivered in Southern Europe widened downwards this week as domestic mills aimed to maintain current price levels, sources told Fastmarkets on Wednesday July 3.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?485-500 ($548-565) per tonne delivered on Wednesday, down ?,?5 per tonne week on week on the lower end from ?,?490-500 per...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More
A spike in Chinese lithium carbonate imports in the first two months of the second quarter reflects a drop in prices that made the material more attractive to buyers.China imported 4,539 tonnes of lithium carbonate in April-May 2019, according to the most recent available figures from Chinese customs, up by 37% from 3,315 tonnes in the whole of the first quarter.The monthly average value of the im...Read More
The Wednesday Market Minute Global stocks edged higher Wednesday as growth concerns and a simmering tariff dispute between Washington and Brussels were offset by bets on deeper support from global central banks.Government bond yields fall to record lows in Europe after leaders nominated IMF Managing Director Christine Lagarde as the next ECB President, while dovish central bank signals keep...Read More
Domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past seven days due to weak market activity, market sources told Fastmarkets on Wednesday July 3.Buying activity has been steady due to limited demand from end-users, sufficient stocks held by buyers, and an unclear price trend."The market is slow, because buyers mainly have enough material in stock and there is...Read More
Demand for flat steel in Turkey failed to improve in June even after the United States halved its import tariffs for Turkish steel to 25%, market participants told Fastmarkets.And local producers have now filled their order books until late August, they said on Wednesday July 3. Turkish steel prices started to rise on May 17 after US import duties of 50% introduced in August 2018 were cut to...Read More