Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
(Kitco News) - This year will be filled with a number of risks surrounding global economy, which makes gold the perfect “defensive play” of 2018, said Mitsubishi analyst Jonathan Butler.Gold will remain supported throughout this year due to “favorable real rate environment and a subdued U.S. dollar,” Butler wrote in a note on Wednesday.The Federal Reserve kept its rates unc...Read More
LONDON, Feb 1 (Reuters) - British electric motor manufacturer YASA said on Thursday it was increasing its production capacity from 2,000 to 100,000 units with a new factory to tap into growing demand from carmakers for greener technologies. Automakers are racing to build greener vehicles and improve charge times in a bid to meet rising customer demand and air quality targets but Britain lacks suf...Read More
For best results when printing this announcement, please click on link below: Vancouver, Jan. 31, 2018 (GLOBE NEWSWIRE) -- NGEx Resources Inc. ("NGEx" orthe "Company") (TSX: NGQ; NASDAQ Stockholm: NGQ), reports the followingshare capital and voting rights update in accordance with the SwedishFinancial Instruments Trading Act.As a result of the issuance of 12,500,000 common shares, pursua...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
(Kitco News) - Gold prices ended the U.S. day session modestly higher but off their highs Wednesday. An eroding U.S. dollar index continues to work in favor of the precious metals market bulls. However, the USDX did move well off its daily lows in late trading, which pulled the gold market down from its session highs. April Comex gold futures were last up $2.90 an ounce at $1,343.30. March Comex s...Read More
Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News) - In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept i...Read More
(Kitco News) - Comex silver warehouse stocks have hit their highest level in 23 years, yet industrial demand for the metal remains strong, says Metals Focus.As of a late-Tuesday report, the consultancy said that CME Group Comex silver warehouse stocks stood at around 248 million ounces, their highest since late 1994. They have risen from some 183 million ounces at the start of 2017.“This in...Read More
Mitsubishi looks for gold to find support from two main factors in 2018 -- a favorable environment for real interest rates and a subdued U.S. dollar. “The U.S. Federal Reserve is likely to raise interest rates only slowly and conservatively and be disinclined to get ‘ahead of the curve’ despite the U.S. economy growing at full steam and signs of rising inflation beginning t...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
The latest news and price moves to start the Asian day on Wednesday January 31.Base metals prices on the London Metal Exchange closed in negative...Read More
Base metals prices on the London Metal Exchange closed in positive territory across the board on Wednesday January 31, supported by dollar weakness. The three-month nickel price remained the strongest performer of the complex throughout the day, supported from dip-buying. "A combination of surging China imports, tightening supplies and fund interest are expected to sustain prices of stainless stee...Read More
An 8% year-on-year drop in Norilsk Nickel's 2017 full-year nickel output pushed up the nickel full-plate premium cif China in the third quarter of 2017 and encouraged Norilsk to offer a historically high long-contract nickel premium of $300-320 per tonne to Chinese trading firms for 2018. Norilsk's total nickel output in 2017 came to 217,000 tonnes, down from year-ago levels of 236,000 tonnes, mai...Read More
Tin premiums for standard material were stable globally in the week ended Tuesday January 30 but the market is looking hungrier for Indonesian material and keenly awaiting exports to resume as expected in the coming days. 99.9% tin premiums stable in Europe and China but a bit higher in the United States Indonesian export permit renewal process still main focus Low-lead tin premiums a...Read More
Finnish stainless steelmaker Outokumpu expects to encounter continued cost pressure from high prices for graphite electrodes and ferro-silicon in 2018, it said on Wednesday January 31."We're seeing increases in graphite electrode [contract] prices into the early part of 2018 of more than 300% [year-on-year from the average cost in 2017]," chief financial officer Christoph de la Camp said during a...Read More