An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Fastmarkets' Wednesday June 26 pricing session in Europe.Key drivers The European ferro-titanium price fell for the fifth consecutive week after six weeks of stability. Demand has been quieter since an initial bout of short-covering in mid-April when major European producer FE Mottram stopped production after a fire damaged its UK plant.FE Mottram aims to restart production aroun...Read More
The following Fastmarkets minor metals prices changed on Wednesday June 26:Antimony MB free market regulus, $/tonne: $6,300-6,500 per tonne from $6,300-6,550Cobalt MB free market alloy grade, $/lb: $14.35-14.80 per lb from $14.50-15.15Cobalt MB free...Read More
UK aluminium alloy producers have been forced to close smelters or partially cease production as a confluence of weakening automotive sector demand for material, sluggish regional gross domestic product (GDP) growth and tariff uncertainty continues to push LM24 ingot prices lower. Market participants have reported rumors that three prominent UK secondary aluminium smelters have ceased operations w...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 26:Aluminium scrapCommercial pure cuttings: ?900-950 per tonne from ?920-960Loose old rolled cuttings: ?635-650 per tonne from ?650-665Commercial cast: ?700-750 per...Read More
Kincora Copper [TSX-V: KCC] fell off investor's radar screens due to an extended period of inactivity in 2018, but now the Company is cashed up, team in place, and ready for extensive drilling at 5 independent, large-scale porphyry targets with a 12-month funded budget for up to 18,000 m of drilling.Kincora has been operating in Mongolia for > 8 years. In 2016, the Company secured unencumber...Read More
Kincora Copper [TSX-V: KCC] fell off investor's radar screens due to an extended period of inactivity in 2018, but now the Company is cashed up, team in place, and ready for extensive drilling at 5 independent, large-scale porphyry targets with a 12-month funded budget for up to 18,000 m of drilling.Kincora has been operating in Mongolia for > 8 years. In 2016, the Company secured unencumber...Read More
Mining major BHP (ASX: BHP) is at a multi-year high, rising within a whisker of its pre-GFC 2007 and 2011 boom-time peaks, hitting A$41.71 in Australian trade earlier today.The iron ore price is above US$115 per tonne for 62% fines according to MySteel on supply constraints, while gold is holding above $1,400 an ounce on the spot market.Metals and mining stocks closed about 1% higher in Toronto ye...Read More
Daniel Peltonen has been appointed president of Boliden Smelters and is expected to assume the role soon, but Hjelmstedt will perform the interim duties and also be part of Boliden´s management team.Read More
It is understood the company has secured an initial US$16.3 million from private equity firm GenNx360 Capital Partners.GenNx360 is an existing lender and owns a large stake in Schramm's bankrupt parent company HDR Holding Inc.If all goes to plan, the deadline for the entry of the bidding will be July 19 and any transaction be closed by September 3.Schramm, founded in West Chester, Pennsylvania, in...Read More
Meanwhile the miner has announced an additional US$450 million spend to improve safety at the remaining structures at Córrego do Feijão and on recovery efforts.Luiz Augusto Pessoa Nogueira told The Wall Street Journal Vale might have carried out an explosion at its mine less than a mile from the dam, hours before it collapsed."This is one of the hypotheses that we are investigating a...Read More
He's never made it a secret.Nor has his Secretary of State or National Security Advisory.The current administration wants to wipe Iran off the face of the map. And while some restraint has been exercised recently, it won't last.Both sides smell blood, and both sides are willing to sacrifice plenty of blood and treasure if necessary.Truth is, at this very moment, preparations are being made for eve...Read More
Bill Murphy & Chris Waltzek Ph.D. - June 25th, 2019. * Mp3.HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to sell.According to the mountain o...Read More
- Dave Kranzler"We are confident we can produce further improvement in our results in the second half of this year" - KB Homes CEO in reference to its "returns-focused" growth model"Returns-Focused Growth Model." Has a nice ring to it, doesn't it? KBH's revenues dropped 7.3% YoY for Q2. It's operating income plunged a healthy 28%. How's that growth strategy working out for you, Jay?Of course...Read More
- Jeffrey A. Tucker Facebook's Libra - a stablecoin that could offer a serious challenge to the money and banking status quo - will likely be very good for mainstream acceptance of blockchain technology as an infrastructure of a global privately produced currency. It could become a genuine challenge to the whole idea of nation-state money as a means of payment and a technology of final sett...Read More
By: Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
August Gold's attempt to reverse from a morning sell-off prompted a subscriber to ask in the Rick's Picks trading room whether bullion is already getting second wind. I doubt it, since June's sensational run-up was too steep to sustain and will likely require a breather of perhaps 2-3 weeks to recharge. But I do expect the uptrend to resume after a proper pullback because this month's surge de...Read More
By: Ira EpsteinWorld trade has the market nervous. Gold had a straight up spike, does it need to consolidate and correct a bit?Read More
Today's guest, Michael Pento, joins us to share his thoughts on the economy and how the Federal Reserve's monetary policy will crush the dollar like a sledgehammer.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well...Read More
The game is on. Martin believes that gold's recent advance was just the opening salvo. He wouldn't be surprised to see it take a hit for now and then come screaming back to start making new highs. As Martin says, people are starting to wise up to the monetary debasement game. Confidence in the Government Con, as low as it might be now, is going to all but disappear. And that's bad news for paper m...Read More