Metal Bulletin has launched a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.After a consultation period, Metal Bulletin has launched a price assessment to cover the Chinese cobalt sulfate market. Cobalt sulfate, of which China is the largest producer in th...Read More
Metal Bulletin proposes to discontinue its selenium dioxide min 98% China domestic in-warehouse price. Selenium dioxide is mostly used in the electrolytic manganese flake industry in China, but in the past two years consumers have turned increasingly to the overseas market for their cargoes. Consequently, domestically traded volumes in China have dropped significantly. Due to the fall in liquidity...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 15:...Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
After yesterday's dynamic price drop, the real question is will gold go lower or will it rally from here? The possible answers are entirely different when you look at the technical data and when you then look at the fundamental events behind the selloff in gold. On a technical basis, gold is over-sold. This week gold broke below the 0.618% retracement as it traded through and below $1,218 per ounc...Read More
NEW YORK (Reuters) - As Turkey's financial markets spiral down, threatening the country's economy, investors are gauging whether emerging markets as an asset class are in danger of falling out of grace. The following selection of data points indicate there is relative weakness in Argentina and South Africa, while Asia and Mexico show strength.A plunge in the Turkish lira has set off a wave of sell...Read More
(Kitco News) - Streaming company Wheaton Precious Metals Corp. (TSX, NYSE: WPM) late Tuesday reported a rise in its second-quarter adjusted profit as revenues got a boost from higher gold sales and prices.Adjusted net earnings were $73 million, or 16 cents per share, up from $67 million, or 15 cents, in the same period of 2017.Net earnings were $318 million, up from $67 million. The April-June net...Read More
(Kitco News) - Gold and silver prices are modestly up in early-afternoon U.S. trading Tuesday, on mild rebounds after gold hit a nearly 1.5-year low and silver a two-year low on Monday. An encouraging sign for the precious metals bulls is that their markets were able to sustain gains today despite a solid rally in the U.S. dollar index to a 14-month high. December gold futures were last up $3.30 a...Read More
(Kitco News) - After briefly breaching the $1,200-an-ounce level, gold prices have only higher to go, with the third quarter marking the bottom for prices in 2018 and 2019, according to ABN Amro.“Gold, silver and platinum prices are expected to bottom out during the coming weeks. We expect higher prices in 2019,” the Dutch bank’s senior precious metals and diamond analyst, George...Read More
(Kitco News) - The giant Donlin gold project in southwestern Alaska has received major permits from the federal government, owners Barrick Gold Corp. (NYSE, TSX: ABX) and NovaGold Resources Inc. (TSX, NYSE American: NG) announced in a joint statement. Company officials say this marks the end of a multi-year federal environmental review. A “record of decision” (ROD) was issued by the U....Read More
(Kitco News) - Well-known fund manager Ray Dalio's Bridgewater Associates maintained holdings in gold exchange-traded funds during the second quarter even as the price of the metal fell, filings show.Institutional investment managers must file a Form 13F-HR, showing their major holdings, with the Securities and Exchange Commission within 45 days of the end of each quarter. The most recent round o...Read More
(Kitco News) - Gold's break to the downside was signaled on Friday when the euro failed to hold support at the 1.15 euro/dollar level. Traders were reluctant to sell into the weekend but the momentum accelerated on Monday. The issues with Turkey should have provided some safe-haven buying but the flows went into the dollar, as traders ignored gold's historic role. The selling in gold has abated so...Read More
Holdings of gold by the world’s exchange-traded funds have fallen by 4.5% since their May high as the precious metal weakened, says BMO Capital Markets. Gold on Monday fell below $1,200 an ounce and went on to its weakest price since last year, with the market selling gold in response to U.S. dollar strength rather than buying as a safe haven with Turkey “teetering on the edge of crisi...Read More
The latest news and price moves to start the Asian day on Tuesday August 14.With the exception of lead, base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. Read more here in our live futures report.Here is how prices looked at th...Read More
The latest news and price moves to start the Asian day on Tuesday August 14.With the exception of lead, base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. Read more here in our live futures report.Here is how prices looked at th...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 14....Read More
Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Tuesday August 14, under pressure from a continued surge in the US dollar index while a tendency toward risk-aversion continues to work its way through the commodities landscape....Read More
Australian zinc miner New Century Resources has started zinc concentrate production at its newly refurbished Century zinc mine. ...Read More
Chinese ferro-silicon prices started to climb last week on early signs of consumer buying interest, although increased production may temper stronger rallies, while the US market was supported ahead of expected renewed consumer demand. ...Read More