(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
Young Poong's Sukpo zinc smelter is operating normally and has not been shutdown for environmental reasons, the company told Metal Bulletin in a statement today on August 16....Read More
Large volume inquiries for spot cobalt units returned in the first half of the week, leaving market participants to suggest prices are close to bottoming out after 15 consecutive weeks of declines. In addition to increased demand, buyers reported particular difficulty securing low-grade briquettes and broken cathodes in Rotterdam, pushing the market to a premium over high-grade material. Metal Bul...Read More
China's growing focus on antimony smuggling along the China-Vietnam border has left many in the antimony market worried they will not get their contracts fulfilled. ...Read More
The Turkish steel producers have extended their silence in the deep-sea scrap markets amid the uncertainty caused by the tensions between the United States and Turkey, sources said on Thursday August 16....Read More
The UK Competition and Markets Authority (CMA) has ordered European Metal Recycling (EMR) to sell five of the scrap metal waste yards that it bought from Metal Waste Recycling (MWR) because of concerns about reduced competition....Read More
Key data from the Wednesday August 15 pricing session in Asia. ...Read More
Comex copper prices saw some short-covering on the morning of Thursday August 16 in the United States amid hopes of a trade agreement between China and the US....Read More
News that trade talks between China and the United States will take place later this month has sparked risk-on sentiment in the London Metal Exchange base metals complex this morning. Also, the risk of a 'Lira contagion' has subsided considerably after Turkish central bank intervened. Further support arrived in the form of $15 billion investment from Qatar into the Turkish economy, shoring up stab...Read More
Large volume inquiries for spot cobalt units returned in the first half of the week, leaving market participants to suggest prices are close to bottoming out after 15 consecutive weeks of declines. In addition to increased demand, buyers reported particular difficulty securing low-grade briquettes and broken cathodes in Rotterdam, pushing the market to a premium over high-grade material. Metal Bul...Read More
The outlook for cold-rolled coil (CRC) in Europe remains positive despite a slow market, sources told Metal Bulletin on Thursday August 16....Read More
China's domestic hot-rolled coil prices have fallen following commodity futures losses on Thursday August 16, while a rebound in inventory dampened participants' sentiment....Read More