Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday August 14*...Read More
Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday August 14, pressured by weaker-than-expected economic data from China and heightened volatility across currency markets. ...Read More
Nevsun Resources has rejected another hostile bid from the Lundin Mining Corporation, it announced on August 9....Read More
Three-month base metals prices on the London Metal Exchange consolidated higher from recent lows on the morning of Tuesday August 14 as relative calmness swept through the market to support a return of risk-on sentiment after the Turkish Lira stabilized at 6.8700 against the dollar earlier today.But disappointing Chinese data out this morning has limited any gains across the base metals complex am...Read More
Gold, as well as silver, began to sell off slightly at the start of trading yesterday on Monday morning in Australia. However, by the time trading had opened in Hong Kong and moved into London, the selling became more pronounced as the price declined at a steeper pace. By 3:00 PM Eastern standard time, gold futures had sold off to the lowest price this year as gold broke and traded below $1,200 pe...Read More
NEW YORK (Reuters) - Americans were less upbeat about Wall Street even as the U.S. unemployment rate hovered near an 18-year low and the economy recorded its fastest growth pace in four years in the second quarter, a New York Federal Reserve survey released on Monday showed.The regional Fed’s barometer on consumers’ perceived chances of U.S. stock prices increasing in 12 months fell to...Read More
(Kitco News) - Platinum plunged on Monday, falling 3% on the day and hitting the lowest level in ten years.The metal’s spot price on Kitco.com was last seen trading at $805 an ounce, down 3% on the day, as of 3:00 pm EST.The base metal has been falling steadily in 2018, down nearly 20% from $1,000 an ounce in January, amid supply surplus and fears that a global trade war would dampen deman...Read More
(Kitco News) - Gold and silver prices are sharply down and near their daily lows in early-afternoon U.S. trading Monday. Gold notched a nearly 1.5-year low and fell below key technical support at $1,200.00, while silver scored a two-year low. A surging U.S. dollar index and solidly lower crude oil prices were pressuring the precious metals. December gold futures were last down $17.10 an ounce at $...Read More
(Kitco News) - Fund managers hiked their record bearish positioning in gold futures during the latest reporting week for data compiled by the Commodity Futures Trading Commission.During the week-long period to Aug. 7 that was covered by the report, Comex December gold fell $15.30 to $1,218.30 an ounce, while September silver lost 18.6 cents to $15.373.Net long or short positioning in the CFTC data...Read More
(Kitco News) - First Majestic Silver Corp. (NYSE: AG; TSX: FR) Monday reported a loss in the second quarter despite record silver-equivalent output, with the company taking special charges for an impairment and acquisition of Primero Mining Corp.The net loss was $40 million, or 22 cents per share, compared to net earnings of $1.4 million, or a penny, in the second quarter of 2017.Due to a decision...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
Sentiment in most of the global billet markets was negative in the week ended Friday August 10 amid unfavorable market conditions.Most of the buying markets in the Middle East, North Africa and Europe showed a lack of demand during the summer holiday season and weak trading in finished long steel segments.Meanwhile, Turkey was struggling with the slump of lira value amid aggravated political relat...Read More
Sentiment in most of the global billet markets was negative in the week ended Friday August 10 amid unfavorable market conditions.Most of the buying markets in the Middle East, North Africa and Europe showed a lack of demand during the summer holiday season and weak trading in finished long steel segments.Meanwhile, Turkey was struggling with the slump of lira value amid aggravated political relat...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. ...Read More
South32 Ltd has completed the acquisition of Arizona Mining, building further on the Perth, Australia-headquartered zinc portfolio at a time of relatively limited greenfield mine supply. ...Read More
The Sukpo zinc smelter in South Korea, which has links to major producer Korea Zinc, has been closed and will remain so until September for environmental reasons, a company source told Metal Bulletin....Read More
Metal Bulletin's manganese ore indices lacked direction in the week ended Friday August 10 prior to September offers, while market participants queried whether fundamentals or traders taking positions had supported alloys on the Chinese spot market. ...Read More
Ample supply and weak demand continued to push ammonium paratungstate prices down in the week ended Friday August 10. ...Read More
Metal Bulletin's manganese ore indices lacked direction in the week ended Friday August 10 prior to September offers, while market participants queried whether fundamentals or traders taking positions had supported alloys on the Chinese spot market. ...Read More
South32 Ltd has completed the acquisition of Arizona Mining, building further on the Perth, Australia-headquartered zinc portfolio at a time of relatively limited greenfield mine supply. ...Read More