There was little movement in the seaborne coking coal market on Tuesday June 19 with both buyers and sellers remaining on the sidelines.China's coke sector - which has been under strict production restrictions since early this year due to the Chinese government making an aggressive push toward cutting emissions - remains a major determining factor for price movements in the coking coal market."End...Read More
"Your typical prophecy preacher book writer/nut job knows SQUAT about economics and probably cannot make the..."Editor's Note: We have been keeping up with the 2018 prediction of Global Economic Collapse that Marshall predicts will happen July 20, - 27, 2018, most likely the 20th or 27th as Marshall explains (those days are Fridays and there is significance in the day of the week according to Mars...Read More
Peter KrauthI'm excited about silver.Now let me first say I know what happened to the price of silver over the last week. The precious metal is down 2%, and that's after the Fed rate hike is finally out of the way.I also know the U.S. Dollar Index (DXY) is up over that same time. In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro.But remember, gold tend...Read More
By Georgi Kantchev and Amrith Ramkumar Prices of copper and other industrial metals used in construction slid Tuesday as trade tensions between the U.S. and China continued to escalate. Front-month copper for June delivery dropped 1.8% to $3.0465 a pound on the Comex division of the New York Mercantile Exchange -- its lowest close since May 15. Prices posted their sixth decline in the past seven...Read More
By Amrith Ramkumar Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jump...Read More
By Georgi Kantchev and Amrith Ramkumar Prices of copper and other industrial metals used in construction slid on Tuesday as trade tensions between the U.S. and China continued to escalate. Copper for July delivery dropped 1.6% to $3.0580 a pound on the Comex division of the New York Mercantile Exchange. Prices were on track for their sixth decline in the past seven sessions, and have tumbled sin...Read More
By Amrith Ramkumar Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jump...Read More
Mining and metals stocks came in for more punishment on Tuesday as the trade spat between the US and China escalated amid a war of words between Washington and Beijing.On Tuesday, Donald Trump threatened to impose a 10% tariff on $200 billion of Chinese goods in retaliation for what the US president called the country's "predatory" trade practices. Beijing also ratcheted up the rhetoric accusing...Read More
World's No.1 miner BHP (ASX:BHP) is selling its Cerro Colorado mine, its smallest Chilean copper operation, to EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources in a cash deal worth $230 million.The Melbourne-based mining giant said in addition to the cash, it will receive $40 million in proceeds from the post-closing sale of the mine's copper invent...Read More
SHANGHAI, Jun 20 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index registered a fresh high in 11 months on Tuesday and closed at 94.98 overnight, up 0.25%.This led base metals futures to fall across the board, except for SHFE tin. LME copper, aluminium, zinc dropped over 2%, nickel slid close to 2%, tin and lead fell cl...Read More
SRK Consulting (South Africa) partner and principal consultant, Andrew van Zyl says a local review of eight recent gold-sector transactions showed a price per reserve-ounce ranged from R835/oz to R84,200/oz - adjusted for the prevailing gold price - and the price per reserve and resource ounce ranged from R36 to R3,679.van Zyl said the market approach was based on comparative transactions within t...Read More
* (Updates to close, adds commentary)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets fell with U.S. bond yields and agricultural commodities on Tuesday, while the...Read More
SHANGHAI, Jun 19 (SMM) – Nonferrous metals futures dipped across the board on Tuesday June 19 with SHFE copper leading losses and closing over 3.4% lower. Aluminium slumped over 2.8%, zinc fell nearly 2.4%, tin lost almost 2%, and nickel went down nearly 1.8%. Lead inched down.The ferrousc complex also plunged. Iron ore dived 4.6%, coke and coking coal lost some 4%, and rebar and hot-ro...Read More
Local media reported he died June 18 at the age of 94 in the Hospital Samaritano in southern Rio de Janeiro.Vale noted he was the first person to hold the role of president from 1961 to 1964 when the company was known as Companhia Vale do Rio Doce and he was only 36.In 1962, Batista signed Vale's first long-term contracts with 10 Japanese steel mills to supply 50 million tonnes of iron ore over a...Read More
He is a former executive vice president of corporate development and CFO of Goldcorp from 2016-2017. Prior to joining Goldcorp in 2013, he had the same roles at Newmont Mining, where he worked for 19 years.Ball currently serves on the boards of Trevali, Columbus Gold and Allegiant Gold.Read More
SHANGHAI, Jun 19 (SMM) – Some 2,935 mt of copper scrap imports received the green light in the 14th batch of approvals for restricted solid scrap imports, which was released on Tuesday June 19 by the solid waste management centre of China's Ministry of Ecology and Environment.Four companies involved in copper scrap imports made it to the approved list in this round. Two ar...Read More
Arizona's shares hit an all-time high of C$6.14, just shy of the $6.20 offer price agreed with South32.Around the globe miners had a better start to the week after Friday's circa-4% slump by many diversified majors, as trade war fears haven't worsened. In London, Rio Tinto (LSE: RIO) and Anglo American (LSE: AAL) both enjoyed a slight gain yesterday of 0.91%.In Australian trade though, BHP (A...Read More
* (Updates to early afternoon, adds commentary, price updates)* Agricultural commodities, metals, stocks tumble* Bond yields tumble as U.S. Treasuries in demand* Oil futures fall, investors eye safe haven currencies* Risk sentiment hurt as Trump threatens China with new tariffsBy Sin?(C)ad CarewNEW YORK, June 19 (Reuters) - Global stock markets tumbled with U.S. bond yields and agricultural commod...Read More
* STOXX 600 down 0.7 pct* Autos tumble on trade tariff fears* Siemens (NS:SIEM) and Airbus lead industrials down* Multinational clothes, luxury stocks sell off* Debenhams falls after another profit warning (Adds details, closing prices)By Helen ReidLONDON, June 19 (Reuters) - European shares extended a sell-off on Tuesday as a trade war between the United States and China escalated, with autos...Read More