Rebound stalls While copper stole the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals on the London Metal Exchange were mostly a little higher during morning trading on Tuesday June 12, with aluminium, zinc and lead prices ticking higher while copper and tin prices drifted lower.Copper's three-month price slipped more than 0.4% lower over the morning, dipping below $7,200 per tonne - it had reached five-year highs at the end of last week. Unresolved labo...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday June 12*Copper -$180.73 (-1159.83 yuan) Aluminium -$541.77 (-3476.82 yuan) Zinc -$42.71 (-274.07 yuan) Nickel -$336.66 (-2160.49 yuan) * Metal Bulletin calculates the...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the U.S. May Consumer Price Index. Consensus was an increase of 0.2% versus a gain of 0.2% in April. Actual was an increase of 0.2%. Excluding food and energy, consensus for the Index was an increase of 0.2% versus a gain of 0.1% in...Read More
China's domestic rebar prices rebounded on Tuesday June 12 amid a strong recovery in the futures market.Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($633-640) per tonne, up 30-50 yuan per tonne Northern China (Beijing): 3,900-3,940 yuan per tonne, up 20 yuan per tonne Rebar futures trended upward from the second hour of trading during the day, which stimulated buying interest. The demand l...Read More
Vale has signed separate agreements with Wheaton Precious Metals Corp and Cobalt 27 Capital Corp to sell an aggregate total of 75% of the cobalt produced at Voisey's Bay, enabling it to proceed with an expansion of the mine. From January 1, 2021, Wheaton and Cobalt 27 will be entitled to receive finished cobalt equivalent to 42.4% and 32.6% respectively of the future cobalt production from its Voi...Read More
Stainless steel prices in the United States rose this month due to higher surcharges, with market participants broadly in agreement that mills will implement a July base price increase. American Metal Market's assessment of Type 304 and Type 304L stainless cold-rolled sheet rose by 2 cents to $1.40 per lb and $1.42 per lb fob mill respectively on Monday June 11, and Type 316L stainless cold-rolled...Read More
China's major steel mills lowered their daily crude steel output rates in late May after prices experienced a sharp drop during the period. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the last 11 days of May, down 2.5% from 2 million tpd in the second 10 days of...Read More
Producing and then trading metal used to be the purview of just a few, with the supply chain more typically separated into silos and companies making occasional forays into different areas. But as the line between producer and trader has become increasingly blurred, the differentiator between companies is becoming the services they provide. As Christophe Allain, group portfolio director for non-fe...Read More
Producing and then trading metal used to be the purview of just a few, with the supply chain more typically separated into silos and companies making occasional forays into different areas. But as the line between producer and trader has become increasingly blurred, the differentiator between companies is becoming the services they provide. As Christophe Allain, group portfolio director for non-fe...Read More
Producing and then trading metal used to be the purview of just a few, with the supply chain more typically separated into silos and companies making occasional forays into different areas. But as the line between producer and trader has become increasingly blurred, the differentiator between companies is becoming the services they provide. As Christophe Allain, group portfolio director for non-fe...Read More
With only hours before the United States and North Korea begin their summit in Singapore, gold prices have been holding steady and trading fractionally higher on the day. Of the three major events which are clustered this week, the first was the G7 meeting which was held in Québec over the weekend.Although the G7 meeting ended with friction between the United States and other member nations...Read More
(Kitco News) - Despite growing populism and protectionist policies emerging from several major countries, globalization is still alive and strong.In a panel discussion featuring prominent political and economic figures at the International Economic Forum of the Americas in Montreal, the topic of trade wars and their impact on global growth was debated, with the panelists concluding that globalizat...Read More
(Reuters) - U.S. and European stocks edged up on Monday as investors shook off the weekend’s chaotic G7 summit ahead of a week packed with diplomatic events, while a pair of U.S. Treasury Department auctions met with strong demand.Bullishness on the part of investors that the historic summit scheduled for Tuesday between U.S. President Donald Trump and North Korean leader Kim Jong Un will go...Read More
(Kitco News) - Texans can now store their gold right in their own home state, as local officials celebrate the opening of the Texas Bullion Depository — the country’s first state-administered precious metals depository.The official opening took place last week in Austin after several years of hard work of putting the plan together.State Rep. Giovanni Capriglione, R-Southlake, created t...Read More
NEW YORK (Reuters) - The U.S. dollar and euro on Monday were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore on Tuesday.The greenback was up 0.14 percent against a basket of six currencies during Monday’s session, despite heightened worries about a global trade war following a s...Read More
(Kitco News) - Gold prices were slightly higher in early-afternoon U.S. trading Monday. The safe-haven yellow metal saw some position evening today, ahead of important marketplace events taking place in the coming days. Silver futures hit a six-week high today, are within a whisker of hitting the key $17.00 level, as the bulls have technical momentum on their side. August Comex gold futures were l...Read More
NEW YORK, June 11 (Reuters) - U.S. inflation expectations were flat in May after several months of gains, while Americans grew more pessimistic about income and spending growth, according to a Federal Reserve Bank of New York survey published on Monday.The survey of consumer expectations, which the Fed considers along with other data on U.S. price pressures, remained at a median of 2.98 percent fo...Read More