China's ferrous futures largely trended upward during morning trading on Wednesday August 22, with the coking coal and coke contracts gaining the most on percentage basis....Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday August 22*...Read More
Base metals prices were mixed on the London Metal Exchange on the morning of Wednesday August 22, with weakness seen in copper,lead and zinc, while nickel and tin prices increased and aluminium remained unchanged. Copper was down by 0.6%, lead down 0.2% and zinc down 0.9%, while nickel was up 0.8% and tin up 0.3%. Three-month copper prices were recently quoted at $6,027 per tonne.Vo...Read More
Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday August 22, after President Donald Trump's negative commentary on upcoming trade negotiations with China....Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 22:...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Minor metals suppliers are moving indium and other minor metals into the United States in anticipation they will be swept up in US President Trump's burgeoning trade war with China. "We have been shipping indium into the US because of the threat of duties," one trader told Metal Bulletin. "We sell a lot of indium in the US, and almost all of it comes from China." The US first imposed sweeping tari...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 22:...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. Chrome ore buyers in China have been anticipating lower offer prices for chrome ore, arguing that the rand depreciation means South African producers are earning more in their own currency when they sell...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. Chrome ore buyers in China have been anticipating lower offer prices for chrome ore, arguing that the rand depreciation means South African producers are earning more in their own currency when they sell...Read More
(Kitco News) - After a major sell-off, precious metals are a cheap buy for long-term investors, according to Wells Fargo Investment Institute, which highlighted silver as the best investment choice at the moment.“At the top of our commodity buy list are metals, especially precious metals. Silver looks to be the best buy,” Wells Fargo Real Asset Strategy head John LaForge said in a note...Read More
WASHINGTON (Reuters) - U.S. and Mexican trade ministers were set to resume talks over the North American Free Trade Agreement in Washington on Tuesday in a final push for a deal on autos that would open the door for Canada to return to negotiations this week.If Mexican Economy Minister Ildefonso Guajardo and U.S. Trade Representative Robert Lighthizer can resolve remaining bilateral issues, &ldquo...Read More
(Kitco News) - Gold prices are slightly higher in midday U.S. trading Tuesday. Prices did poke back above $1,200.00 overnight, as the U.S. dollar is under pressure today after President Trump expressed disappointment with the Federal Reserve. This week the gold and silver market bears are showing signs of exhaustion, to suggest near-term market bottoms are in place. December gold futures were last...Read More
Spot gold has been boosted by remarks from U.S. President Donald Trump criticizing Fed Chair Jerome Powell for hiking U.S. interest rates, says MKS (Switzerland) S.A. Further, MKS says, “continued demand out of China saw the on-shore premium move toward $6. It was a generally orderly ascent for gold, consolidating above $1,190 in early-session flows, before moving through $1,195....” S...Read More
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) announces changes to focus on operating mines and reduce costs. The company recently announced the temporary suspension of exploration and development work at its Ana Paula project to focus efforts and capital allocation on its two operating mines, San Francisco and Florida Canyon. Against this backdrop, the vice president of project development and th...Read More
(Kitco News) - Gold prices are moderately up in early U.S. trading Tuesday and poked back above $1,200.00, as the U.S. dollar is under some pressure after President Trump again admonished the Federal Reserve. This week the gold and silver market bears are showing signs of exhaustion, to suggest near-term market bottoms are in place. December gold futures were last up $4.40 an ounce at $1,198.80. S...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More