The Tuesday Market Minute Global stocks plunge as US/China trade was escalates following latest Trump tariff threat.President vows to target an additional $200 billion in China-made goods for fresh 10% levies.China shares hit two-year low; Asia markets tumble, dollar trades at 11-month high as risk appetite vanishes.European shares open sharply lower, with export-focused benchmarks in...Read More

SINTRA, Portugal (Reuters) - European Central Bank supervisors are looking for a softer way to press euro zone lenders to deal with their bad loans after an earlier proposal met fierce opposition, two sources said.Even after a sharp reduction in the past two years, euro zone banks are sitting on 721 billion euros ($837.01 billion) of unpaid debt, mostly inherited from the 2008-12 economic crisis a...Read More

BEIJING (Reuters) - China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China’s decision to raise tariffs on $50 bill...Read More

WASHINGTON (Reuters) - U.S. homebuilding surged to near an 11-year high in May amid an acceleration in both single-family and multi-family home construction, but a second straight monthly drop in permits suggested housing market activity will remain moderate.Housing starts jumped 5.0 percent to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department said on Tue...Read More

The recent uptrend in prices persisted across the Chinese, European and United States' vanadium markets owing to low availability. Fob China vanadium prices rose on domestic tightness as uptrend continues European ferro-vanadium market strengthened once again amid supply concerns  US ferro-vanadium market ascends on low availability Metal Bulletin assessed fob China ferro-vanadium min 78...Read More

Bob Moriarty ArchivesJun 19, 2018TheDaily Sentiment Indicator tumbled to a value of 9 on Friday Jun 15th. I have said for weeks that we are due a tradable low in the June/July timeframe and it would need to be below 10. So we are in the timeframe and it is below 10. It’s just my opinion but I still see too many bulls and I suspect the low is a couple of weeks away. Look for a plunge in specu...Read More

Production curtailments at major Chinese producer Ningxia Tianyuan will continue to support manganese flake and ferro-chrome markets, market participants have told Metal Bulletin. Last month, Ningxia Tianyuan, the world's biggest manganese flake producer, cut manganese flake output by around 16,000 tonnes per month after one of its three facilities were closed for maintenance, a source at the...Read More

LONDON (Reuters) - The dollar rose to an 11-month high on Tuesday and the euro slumped after U.S. President Donald Trump threatened more tariffs on China in an escalating trade dispute investors fear could hurt global growth.Hostility over trade between the world’s two largest economies intensified on Tuesday when Trump threatened to impose a 10 percent tariff on $200 billion of Chinese good...Read More

SINTRA, Portugal, June 19 (Reuters) - The European Central Bank will take a “patient” and “gradual” approach to raising interest rates as inflation in the euro zone recovers, its president said on Tuesday, adding he was happy with current market expectations.“We will remain patient in determining the timing of the first rate rise and will take a gradual approach to ad...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJun 19, 2018The dollar and the US stock market may be starting their next major legs down today. Pleaseclick here now. Double-click to enlarge this ominous US dollar versus Japanese yen chart.Central banks around the world are ramping up their tightening. Back in 2013-2014 when I predicte...Read More

UC Rusal has started to export bauxite mined at Dian-Dian in Guinea's Bok?(C) province. Shipments follow the completion of the first stage of development at the deposit, which has capacity of 3 million tonnes per year of bauxite. As part of the first stage, Rusal has built the necessary roads, railway and other infrastructure needed...Read More

BEIJING (Reuters) - China should appropriately cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move to support the economy as U.S. trade threats grow.Fears of a full-blown trade war have added to concerns about the outlook for the world’s second-largest economy, follo...Read More

BEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un arrived in Beijing on Tuesday, where he will likely brief Chinese President Xi Jinping on his summit with U.S. President Donald Trump last week, as Washington and Seoul agreed to suspend a major joint military exercise.This is Kim’s third trip to China this year, coming a week after he met Trump in Singapore for historic talks.Trump a...Read More

Seaborne and port manganese ore prices advance again on higher offers from miners and traders. Manganese ore prices up due to higher offers Alloy prices rise in China on production cuts, low inventory levels Alloy prices hold in India, EuropeFerro-manganese prices drop in US, oversupply fears take holdManganese ore prices continued rising on Friday June 15 while miners hiked offer prices and trade...Read More

BEIJING/WASHINGTON (Reuters) - U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest economies.Trump’s latest move, as Washington fights trade battles on several fronts, was unexpectedly swift and sharp.It was retaliation, he...Read More

The Chinese domestic ferro-silicon market has lost earlier gains as a result of slow demand outweighing environmentally driven production cuts and anticipated tighter supply. Meanwhile, the European market has been stable ahead of the third-quarter delivery settlements between alloy suppliers and consumers in the steel sector. China drops in line with demand, set to fall further in near termEurope...Read More

Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More

CloseGain/LossGold $1275.50-$2.90Silver$16.30-$0.14XAU81.67-0.86%HUI176.86-0.55%GDM616.26-0.70%JSE Gold1071.97+7.06USD95.04+0.25Euro115.84-0.37Yen91.07+0.50Oil$65.07-$0.7810-Year2.890%-0.030T-Bond145.125+0.71875Dow24700.21-1.15%Nasdaq7725.59-0.28%S&P2762.57-0.40% The Metals: Gold gained $5.60 to $1284.00 in Asia before it fell back to $1270.60 in London, but it then bounced back higher in...Read More

- Own a "bit of gold" as we are moving ever closer to a trade war- Global stock markets fall and main China index down sharp 3.8% at a two-year low- Investors are starting to worry that Trump is deadly serious about a trade warby John Stepek of Money WeekThe Chinese stock market took a hit today.The Shanghai Composite Index ended the session down 3.8% to close at a two-year low, notes Bloomb...Read More

Everyone wants a piece of the world's resources, including of course mining companies. But the industry's place in future supply chains could depend on its ability to become part of a "circular economy", a Vancouver conference has heard.Henry Lazenby in Vancouver BC minister of environment and climate change, George Heyman19 JUNE 201819/06/2018commentsshareMore than 55 billion metric tonnes of res...Read More