Key data from the pricing sessions in London and Shanghai on Friday August 17. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday August 17.Base metals prices on the Shanghai Futures Exchange recovered during morning trading Friday after the promise of renewed talks between the United States and China ushered some risk-on sentiment back into the market.Check Metal Bulletin's live futures report here.Copper and bra...Read More
Base prices for both flat and long stainless steel products in Europe were assessed unchanged for the tenth consecutive week on Friday August 17....Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday August 17:...Read More
Alcoa workers in Western Australia will continue to strike indefinitely after the company and the Australian Workers' Union (AWU) failed to come to a compromise....Read More
Gold continues to trade lower, effectively trading and closing at the lowest price point this year. In trading overseas, last night gold futures hit a low of $1,167.10 before recovering. As of 3:30 PM Eastern standard time, December Comex futures are currently trading off by $4.20 and fixed at $1,180.80. Although the dollar index is trading slightly lower on the day, there is an undeniable pressur...Read More
(Kitco News) - Some primary silver producers are no doubt feeling pain these days after the sell-off in silver prices so far this year, but don’t look for major supply cutbacks any time soon, analysts said.That’s because it costs so much to shut down and restart mines that companies will put up with a loss on operations for an extended time before doing anything as drastic as mine clos...Read More
(Kitco News) - This summer’s massive drop in commodities could be a sign of a “rising macro risk” that is going unnoticed by the U.S. stock market, according to Bloomberg Intelligence.“Declining commodity prices are inconsistent with a recovering global economy, unless the receding tide is an early warning of rising macro risk. This should put the U.S. stock market at a gre...Read More
(Kitco News) - Gold prices are holding slight gains in early-afternoon U.S. trading Thursday, while silver is posting a solid rally. Both markets are seeing correctives rebounds after gold hit a nearly 1.5-year low and silver scored a two-year low earlier today. The U.S. dollar has backed off a bit from its 14-month high scored on Wednesday, while crude oil prices are seeing a modest rally today....Read More
Osisko Mining Inc. (TSX: OSK) has agreed to acquire all shares of Beaufield Resources Inc. (TSXV: BFD), the two companies report. Holders of Beaufield shares would receive 0.0482 of a common share of Osisko for each Beaufield share. This represents an implied offer price of $0.082 per Beaufield share based on Osisko’s Aug. 14 closing price, plus a premium of approximately 54% based on the 20...Read More
(Kitco News) - The release of the U.S. housing data from July had little impact on gold prices, pushing the metal slightly down following a corrective bounce. U.S. housing starts rose 0.9% to a seasonally adjusted annual rate of 1.168 million units in July, the Commerce Department said on Thursday. Consensus forecasts compiled by most news organizations called for starts to be around 1.270 million...Read More
(Kitco News) - Was yesterday the capitulation event for the metals complex? It appeared that no bids were present in the market for a period of time and as Australia opened, gold fell an additional $10 from Wednesday's close. When the Tokyo market opened, buying emerged, most likely on bargain hunting, which accelerated when news broke that China announced a new round of trade talks with the...Read More
In the movie the Marathon Man, Dustin Hoffman gets tortured by Sir Laurence Olivier with rusty dental tools. As Olivier digs the tools into the nerves of Hoffman's teeth, he continues to ask the same question -- is it safe? Gold traders and investors have been feeling the same way as we have been tortured by the sell-off that wouldn't quit. For weeks, we have been targeting $1,180 in December gold...Read More
The latest news and price moves to start the Asian day on Thursday August 16.The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows. Read more here in our live futures report.Here is how prices looked at the close of trading:Mining stock prices fell sharply on August 15...Read More
The latest news and price moves to start the Asian day on Thursday August 16.The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows. Read more here in our live futures report.Here is how prices looked at the close of trading:Mining stock prices fell sharply on August 15...Read More
The latest news and price moves to start the Asian day on Thursday August 16.The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows. Read more here in our live futures report.Here is how prices looked at the close of trading:Mining stock prices fell sharply on August 15...Read More
The prices of base metals on the London Metal Exchange were higher across the board at the close of trading on Thursday August 16, with lead prices topping broad complex gains amid sharp upticks in copper, zinc and nickel prices. ...Read More
Metal Bulletin has amended the frequency of its assessments of aluminium billet premiums in Europe, the United States and Brazil, while adjusting the publication calendar. The decision follows a one-month consultation period, which closed on August 16. Market feedback concluded that the spot market has become more liquid and volatile, with higher demand for billet products on a spot basis in Europ...Read More
Copper concentrates TC/RCs were largely unchanged in early August, with threats of Chinese tariffs on US imports the focus of the market....Read More
Copper concentrates TC/RCs were largely unchanged in early August, with threats of Chinese tariffs on US imports the focus of the market....Read More