Key data from the pricing sessions in London and Shanghai on Friday September 7. China Chinese grade 553 silicon export prices were steady week on week, but they are still vulnerable due to weak consumption in both domestic and international markets. Spot inquiries are thin after Japanese buyers concluded purchases for materials for delivery in the fourth quarter; meanwhile, there is n...Read More
Antimony prices continued upward in Europe last week, with availability of material still a concern amid China's intensifying smuggling crackdown; prices in China followed international markets up despite continued weak demand. Metal Bulletin's price quotation for antimony with bismuth content below 100 ppm in-warehouse Rotterdam climbed to $8,400-8,600 per tonne on Friday September 7, up fro...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb In...Read More
Undeniably the most important economic data to be released this month is the U.S. Labor Department's jobs report which came out today. Economic estimates for new nonfarm jobs for the month of August came in at 190,000. The actual data released today came in above expectations and forecasts revealing that 201,000 new nonfarm jobs were added last month. These solid numbers are the last and most impo...Read More
(Kitco News) - With U.S. wage growth back in the game, the Federal Reserve could be on “auto-pilot” to raise rates, according to analysts, who worry what this might mean for gold.August’s employment data, which sent gold to daily lows of just below the $1,200 an ounce level on Friday, is likely to play a big role in gold’s price direction next week. December Comex gold futu...Read More
(Kitco News) - Wall Street and Main Street tilted toward bullish in the weekly Kitco News gold survey, although not by much, with the largest bloc of voters coming in at less than 50% in both polls.Gold was nearly unchanged for the week going into the New York trading session Friday, before falling modestly after the Labor Department reported that U.S. nonfarm payrolls rose by 201,000 during Augus...Read More
(Kitco News) - Since Vanguard announced a major restructuring of its Vanguard Precious Metal and Mining Fund (VGPMX) on July 27th, the sell-off in the GDX has increased much more than the selling in gold. The fund’s investment strategy is shifting from investing 80% in mining companies and 20% directly in precious metals, to 25% in mining companies and 75% broad global stock market exposure...Read More
(Kitco News) - Gold prices are modestly down in early U.S. trading Friday, following a U.S. employment report that was slightly stronger than market expectations. The U.S. dollar index rallied on the upbeat jobs data. December gold futures were last down $3.00 an ounce at $1,201.40. December Comex silver was last down $0.011 at $14.17 an ounce.Arguably the most important U.S. economic report of th...Read More
(Kitco News) - Gold prices has given up some of its modest gains but continues to hover around the psychological level of $1,200 an ounce as the labor market added more jobs than expected last month and wages sharply increased.The Bureau of Labor Statistics said 201,000 jobs were created in August; economists were expecting to see job gains of around 191,000. While the August numbers were better t...Read More
The latest news and price moves to start the Asian day on Friday September 7.Copper prices on the London Metal Exchange rose at the close of trading on Thursday September 6, propelled by a raft of fresh buying and a softer dollar index. Meanwhile, a downswing in aluminium prices came amid escalating trade tensions between the United States and China. Read more in our live futures report....Read More
The latest news and price moves to start the Asian day on Friday September 7.Copper prices on the London Metal Exchange rose at the close of trading on Thursday September 6, propelled by a raft of fresh buying and a softer dollar index. Meanwhile, a downswing in aluminium prices came amid escalating trade tensions between the United States and China. Read more in our live futures report....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Lead prices on the London Metal Exchange were up around 2% at the close of trading on Friday September 7 while aluminium gained 1.4% on news that industrial action at Alcoa's alumina operations in Western Australia is set to continue. After more than 7,000 tonnes of material were booked for removal on Friday morning, three-month lead regained most of the losses made by Thursday's close. Marginal u...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsWorkers at Alcoa's alumina and bauxite operations in Western Australia have voted to extend industrial action, with around 80% of members rejecting a proposed workplace agreement, the Australian Workers Union (AWU) said in a statement on Friday September 7.Shanghai zinc premiums touc...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsWorkers at Alcoa's alumina and bauxite operations in Western Australia have voted to extend industrial action, with around 80% of members rejecting a proposed workplace agreement, the Australian Workers Union (AWU) said in a statement on Friday September 7.Shanghai zinc premiums touc...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Prices for light iron scrap in the United Kingdom have dropped at the top end of their price range over the past week, with monthly settlements for deliveries to consumers in September set to follow, sources told Metal Bulletin on Friday September 7.The move down in the weekly inter-merchant light iron price follows a decline in supplier offer prices in the UK market after a fall in demand from ke...Read More
Steel scrap prices in the major markets have continued to rise in line with the revival in Turkish buying during the working week from Monday September 3 to Friday September 7.Export prices for scrap out of the United States have strengthened with a number of deep-sea cargoes sold to Turkey and to Vietnam.Turkey importsTurkish steel producers have booked at least nine deep-sea cargoes over the pas...Read More