Domestic rebar prices in Poland have remained largely unchanged over the past week due to seasonally strong market activity, sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($599-615) per tonne ex-works on June 22, compared with 2,230-2,300 zloty per tonne ex-works.The assessment reflects tra...Read More

Italian wire rod producers Feralpi and Caleotto - the latter a joint venture between Feralpi and steel trader Duferco - have each ordered new four-stand wire rod rolling lines and water-cooling equipment.The Meerdrive Plus wire rod rolling lines ordered by the two companies are "capable of rolling wire rod diameters from 4.5mm up to 27mm at speeds up to 120 meters per second," technology supplier...Read More

European import prices for austenitic alloy steel scrap narrowed slightly higher this week, with sources noting limited supply, however, the market is largely stable, with participants awaiting the third-quarter ferro-chrome benchmark settlement.Expectations for the ferro-chrome benchmark - a significant driver of steel scrap prices - had previously been for a substantial decrease amid weak spot p...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsThe Pasar copper smelter in the Philippines is likely to operate at a reduced capacity during the second half of the year while the company makes repairs to its sulfuric acid cooling plant.A few deals for cif main Japanese ports aluminium premiums for July-September delivery have...Read More

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday June 22.Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $10.95-11.05 per lb from $11.10-11.20Molybdenum US canned molybdic oxide, $/Ib $11.20-11.40 per Ib from $11.40-11.60Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $27.00-27.35 per kg from $27.40-27.70Ferro-molybdenum US 65-70...Read More

China's domestic spot battery-grade lithium hydroxide prices fell on Thursday June 21 following the recent downtrend in the lithium carbonate market as well as because of quiet buying activity among downstream consumers. Lithium hydroxide prices fell on lower offers and deals. Lithium carbonate prices stable in China due to slow market activity. Downstream consumers held off from buying in anticip...Read More

Although gold closed modestly higher on the day, the precious yellow metal scored its second consecutive week of lower pricing. Gold futures opened on Monday at $1281 per ounce and traded to a high of $1286. However, it was the weekly low of $1263 that fostered the greatest concern. Considering that gold opened just above $1,300 per ounce at the beginning of the year, the last two weeks have resul...Read More

(Kitco News) - Charles Krauthammer, the conservative columnist for Fox News and Pulitzer Prize winner, has passed away Thursday at the age of 68. During his time at Fox, Krauthammer became known as the “dean of conservative commentators” He has also appeared on Kitco News to discuss his views on the gold standard and joined a panel discussion on a Libertarian vs. Democrat vs. Republic...Read More

(Kitco News) - As gold struggles to find support after hitting a six-month low earlier this week, analysts are waiting for a reawakening of the metals’ safe-haven appeal amid a complacent market in the face of trade war fears.The yellow metal was unable to find a bid this week despite heightened trade tensions and market uncertainties, largely weighed down by the rallying U.S. dollar. August...Read More

Prices for containerized shredded scrap imports into India edged up this past week, with market activity beginning to pick up once more following a lull in trading, market sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was up by $2.03 per tonne to $381.99 per tonne cfr Nhava Sheva on June 22, from $379.96 per tonne...Read More

(Kitco News) - There are strange things done in the midnight sun By the men who moil for gold - Robert ServiceNearly three years ago, I traveled up to the Yukon to explore the region’s mining sector. I left with a strong sense of optimism among the mining CEOs as they were expecting that it would be only a matter of time before investors started to take notice of the region’s mining un...Read More

Export prices for Brazilian pig iron have fallen this week amid fresh trading activity.Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron was $375-380 per tonne on Friday June 22, down from last week's $390-395 per tonne fob.At least two cargoes involving material produced in Brazil's southeastern Minas Gerais state sold at $375-380 per tonne fob,...Read More

(Kitco News) - Wall Street remains bullish but Main Street is mixed on the direction of gold prices in the next week, based on the Kitco News weekly survey. Gold tumbled to its lowest level in six months this week largely due to strength in the U.S. dollar. In doing so, the metal was unable to draw a safe-haven bid despite weakness in equity markets as worries about a global trade war intensified....Read More

Italy’s debt to GDP ratio is amongst the highest in the world.  As the new government in Italy seeks to stimulate growth through increased borrowing, gold’s attractiveness as an asset which is not replicable and is no one’s liability will become more apparent.Italians recently elected “protest parties” M5S and La Lega, largely due to economic hardship in the coun...Read More

High-grade fines and lumps continued to outperform other types of materials in the iron ore market on Friday June 22.Metal Bulletin 62% Fe Iron Ore Index: $65.34 per tonne cfr Qingdao, up $0.46 per tonneMetal Bulletin 58% Fe Premium Index: $53.57 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao, up $1.90 per tonneMetal Bulletin 62% Fe Ch...Read More

(Kitco News) - Commerzbank looks for gold to reclaim $1,350 an ounce and silver $18 by year-end on expectations that the U.S. dollar will start to give back some of its recent strength. Gold hit a six-month low this week as the dollar hit an 11-month high, benefitting from the divergence in U.S. and European monetary policy as well as European politics, the bank said. The Federal Reserve hiked U.S...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.51 per tonne cfr China,...Read More

(Kitco News) - Gold investors should eye an even lower target from current levels, as there is currently no need for a flight to safety, said Todd “Bubba” Horwitz of bubbatrading.com.“I think soon there will be good news, but I think we’ve broken down and violated a lot of key levels, and I think really, the next real level that I’m going to want to step in, unless we...Read More

Vietnam imported 389,685 tonnes of ferrous scrap in May, down 3.42% from 403,480 tonnes a year earlier.Japan continued to be the largest supplier of ferrous scrap to Vietnam, sending 94,304 tonnes of the steelmaking raw material last month, little changed from the 94,408 tonnes shipped to Vietnam in May last year.Hong Kong was the second-largest supplier, sending 60,471 tonnes in May, up...Read More

Zinc Calls – Zinc SELL Call b60 given at price 201.80 Achieved 1st 200 & 2nd Target 199.50 Made 199.45 low. Total Profit of 2.30 Points per lotTIPS ID b60 : Mcx Zinc Target Tips - SELL Zinc at CMP 201.80 for Target 200 - 199.50 with SL Above price 202.80 Read More