FREE NICKEL TRADING TIPSFree Nickel Trading Tips – SELL 2 to 3 lots Nickel March at Last Market price 880 for Target 870 with SL Above price 889AFTER POST CONTENT Read More
Exchange-traded-fund investors appear to be using the recent pullback in gold and silver prices as a buying opportunity, says Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal moving in and out of storage as necessary to back the shares. The bank says ETF investors, who tend to have a longer-term horizon than speculators in the futures market, “have se...Read More
(Kitco News) - Hecla Mining Co. (NYSE: HL) has agreed to buy all outstanding shares of Klondex Mines Ltd. (NYSE American: KLDX; TSX: KDX), allowing Hecla to bump up production with the addition of the Fire Creek, Midas and Hollister mines in Nevada, the companies reported Monday.Klondex's Canadian assets will be spun out to existing shareholders. The value of Hecla’s acquisition of Klondex...Read More
The new cry for metals is “Help! I have fallen and can’t get up.” Across the board, metals are taking a beating and need the alert button as they call for help. Gold, copper and silver are all at the bottom end of trading ranges and could be in danger of breaking down here as we wait for Wednesday’s Fed decision. Interestingly enough, the suppression of the dollar by the Fe...Read More
The world's billet markets became uncertain last week, with sentiment starting to weaken amid higher availability of China-origin material and volatility in the East Asian country's domestic prices.Meanwhile, global scrap prices remained largely stable amid uncertainty about import tariffs in the United States and weakening demand for finished steel products.ChinaDomestic billet prices in the coun...Read More
The world's billet markets became uncertain last week, with sentiment starting to weaken amid higher availability of China-origin material and volatility in the East Asian country's domestic prices.Meanwhile, global scrap prices remained largely stable amid uncertainty about import tariffs in the United States and weakening demand for finished steel products.ChinaDomestic billet prices in the coun...Read More
London Metal Exchange warehouse stocks have staged a recovery over the first few months of this year from the multi-year lows of 2017, due to a flurry of large deliveries across many of the base metals. After last year was marked by dwindling stock levels across the board, the first few months of 2018 have seen a reversal - with companies putting more metal back into LME-approved warehouses. "The...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Monday March 19, while most prices lacked clear direction before Wednesday's Federal Open Market Committee (FOMC) meeting. Nickel prices declined $145 per tonne - the metal has come under sustained pressure since it hit $14,000 per tonne last week and cannot find new support."The combination of a strong dollar index...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output Profit-taking prompts fall in ferro-tungsten prices in China Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More
The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term Europe prices stable, awaits second quarter settlements US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More
Huge amounts of zinc ingots from Spain, both new and old stock, continue to enter the Chinese market after a significant inflow last year, which is leading to inventory build-up and depressed premiums, market participants have told Metal Bulletin.For the first month this year, Spain remained the biggest supplier of refined zinc to China, providing one-quarter of the total of 67,111 tonnes imported...Read More
Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More
Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More
Cobalt prices have consolidated their move last week to more than $40 per lb, amid increased spot demand for metal against a backdrop of tight supplies, a limited number of sellers, and strong downstream demand."The days of sub-$40 [per lb] buying are history," a trader source said on Monday March 19.High-grade cobalt prices were assessed at $41.70-43.00 per lb, in-warehouse, on March 16. This was...Read More
Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More
The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More
Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
Steel traders in the central region of Russia, around Moscow, have held back from the markets in the past week and have not accepted higher offers for April-production hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has been told.Metal Bulletin's weekly assessment of the price for Russian 4mm HR sheet was unchanged at 43,000-45,000 roubles ($747-782) cpt Moscow, including VAT, on Monday...Read More