The latest news and price moves to start the North American day on Tuesday August 28....Read More
China's leading stainless steel mills, Tsingshan Group, Baosteel and Taiyuan Iron & Steel (Tisco), have lowered their high-carbon ferro-chrome tender prices month on month for September amid ample supply, falling chrome ore prices and lower import costs....Read More
Turkish scrap import prices went up on Tuesday August 28 with news of a US cargo sold during the Eid al-Adha religious holiday last week....Read More
Turkish domestic scrap prices have recovered over the past two weeks with an uptick in imported scrap prices and slightly better demand for finished steel products, sources said on Tuesday August 28....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Physical iron ore prices were rangebound on Tuesday August 28 with the seaborne market maintaining moderate trading activity. ...Read More
Trading in the seaborne coking coal spot market was thin on Tuesday August 28, though sentiment among Chinese participants remained positive amid higher coke prices....Read More
China's ferrous futures trended upward during morning trading on Tuesday August 28, making up for some of the losses incurred a day earlier....Read More
In a volatile month for base metals, exemplified by sharp price drops and spread moves, the London Metal Exchange's nearby tin spread moved into a contango for the first time since April 2017....Read More
Comex copper prices were once again trading in positive territory on Tuesday August 28 with a softer dollar lifting the entire base metals complex....Read More
Base metals on the London Metal Exchange were higher across the board during morning trading on Tuesday August 28, supported by a downturn in the US dollar while a continued draw on LME on-warrant material fuels upward price momentum. ...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday August 28*...Read More
Spot cobalt prices fell slightly in the week ended Friday August 24, despite signs that material was not as readily available as it had been in recent months, with some buyers yet to return from their summer break....Read More
Three-month base metals prices on the London Metal Exchange were for the most part in positive territory on the morning of Tuesday August 28, with nickel prices bucking the trend with a 0.2% decline, while the rest were up by between 0.2% for copper at $6,082 per tonne and 0.7% for zinc at $2,545 per tonne.Volume has been above average with 8,473 lots traded as at 07.23am London time. This morning...Read More
The US International Trade Commission (ITC) has voted to extend anti-dumping duties on stainless steel bar from India. ...Read More
Considering that U.S. equities have had a strong upside move today, with the NASDAQ Composite closing at a new record high price at 8,013.33, gold futures are holding up rather well and currently trading up $3.60 at $1216.90. This is a nominal price gain; however when taking into account the incredibly strong risk-on market sentiment on the surface, it is impressive.On closer inspection, we can se...Read More
(Kitco News)- Viruses can have an impact beyond making you sick; it can now transform gold. A bacteriophage virus has been altered by researchers to re-arrange the molecular structure of gold atoms into spheroids, which could potentially make the manufacturing of gold-plated electrical components cheaper and more efficient. In a paper by science journal Nanoscale, engineers documented their disco...Read More
(Kitco News) - Gold and silver prices are modestly up in early-afternoon U.S. trading Monday. Some follow-through buying interest from Friday's solid gains and a lower U.S. dollar index on this day worked in favor of the precious metals market bulls. However, with the world marketplace quieter to start the trading week and with little risk aversion among traders and investors, gains in the safe-ha...Read More
(Reuters) - U.S. stocks posted strong gains on Monday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs, as news that the United States and Mexico were closing in on a trade deal added to optimism about the economy.A Mexican source familiar with the talks told Reuters "it's almost certain" that there will be an announcement about the North American Free Trade Agreemen...Read More
(Kitco News) - Gold prices are moderately up and at their daily highs in late-morning action Monday. Overnight losses were seen as a buying opportunity by many traders--especially after the solid gains on Friday that produced a technically bullish weekly high close in prices. The U.S. dollar index has also dropped lower and is trading near its session low at present, which is also benefitting the...Read More