WASHINGTON (Reuters) - U.S. coal mining companies are worried President Donald Trump’s intensifying trade dispute with China could hurt their booming export business, one of the ailing sector’s most important lifelines, according to industry players.Beijing this month added coal and other energy products to a list of U.S. goods facing import tariffs in retaliation for Trump administrat...Read More

The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More

WASHINGTON/BRUSSELS (Reuters) - Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reuters.Failure by the EU to explicitly exempt markets regulators from the bloc’s General Data Protection Regulation (GDPR) could je...Read More

(Kitco News) - Gold and silver prices are modestly down in late-morningaction Monday. Looking across the raw commodity price spectrum, most marketsare down today, mainly on U.S.-China and worldwide trade war worries that couldcurtail demand for raw commodities. Gold and silver continue to want to actlike commodities and trade with their commodity counterparts, instead oftrading like safe-haven ass...Read More

The Chinese domestic ferro-silicon market has dropped further, in line with demand and increased production in northern China, while export prices have held despite weaker demand; meanwhile, the European market has been steady, and market sentiment suggests higher spot prices in the near term. Weaker fundamentals, higher supply in northern China drag down domestic prices Europe third-quarter...Read More

BEIJING (Reuters) - China told France on Monday it would buy more of its farm produce, hinted at future Airbus purchases and pledged to work on market access, shoring up its trade ties with Europe amid the increasing danger of a tariff war with the United States.Chinese Premier Li Keqiang told French Prime Minister Edouard Philippe that Beijing was planning to buy more planes this year and was rea...Read More

Kevin Yao, Ben BlanchardBEIJING (Reuters) - China said on Monday it would buy more planes and agricultural products from France and work on market access issues, shoring up its trade ties with Europe as danger mounted of a tariff war with the United States.Chinese Premier Li Keqiang told French Prime Minister Edouard Philippe late on Monday that China was planning to purchase more planes this year...Read More

After an artificial pause in 2017, US government debt has resumed its inexorable climb……the dollar has fallen by around 5%… … and inflation - even the massaged-beyond-recognition Consumer Price Index (CPI) - has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It's almost exactly unchanged from last June:Gold'...Read More

The ascent in ammonium paratungstate (APT) prices paused last week after a few consecutive weeks of increases. Chinese, European APT prices stabilize  Low availability continues to support APT prices but fewer inquiries seen  European ferro-tungsten edges down amid weak demand Chinese ammonium paratungstate (APT) export market slowed down last week amid fewer inquiries from overseas and...Read More

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from Treasury will not be specific to China but would apply “to all countries that are trying to steal our technology.”In a Twitter message, Mnuchin said stories on investment restrictions from Bloomberg and the Wall Street Journal “are false, fake news.”A g...Read More

Emirates Global Aluminium (EGA) received its first bauxite shipment from Compagnie des Bauxites de Guin?(C)e (CBG) on Sunday June 24 in preparation for the commissioning of its Al Taweelah alumina refinery in Abu Dhabi. Al Taweelah will produce its first alumina in the first half of 2019. At full capacity, the refinery will receive 5 million tonnes per year of bauxite from CBG. EGA has the capacit...Read More

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in landmark elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament.Erdogan’s main rival, Muharrem Ince of the Republican People’s Party (CHP), conceded defeat but branded the elections “unjust” and said...Read More

After an artificial pause in 2017, US government debt has resumed its inexorable climb……the dollar has fallen by around 5%… … and inflation - even the massaged-beyond-recognition Consumer Price Index (CPI) - has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It's almost exactly unchanged from last June:Gold'...Read More

(Kitco News) - Gold prices near steady levels on the day in early morning U.S. trading Monday. Bullsare working to stabilize the yellow metal after prices late last week fell to asix-month low. Gold prices remain in a 2.5-month-old downtrend on the dailycharts. Augustgold futureswere last down $0.30 an ounce at $1,270.40. July Comex silver was last down $0.054 at $16.405 an ounce.Worldstock market...Read More

The Monday Market Minute Global stocks extend declines as Trump opens new fronts in trade war.Reports suggest President will target tech sector in next tariff move to thwart China investment in U.S.Asia shares tumble, Europe set for weaker open as tariff threats trim risk appetite.Oil continues to slide as OPEC decision on output adds supply, but investors question details.Wall Street futur...Read More

NEW YORK (Reuters) - Investors have reached $96 million in settlements with the final five defendants in private U.S. litigation accusing banks of rigging a key interest rate benchmark in the global derivatives market, boosting the total payout to more than $500 million.BNP Paribas SA (BNPP.PA) and Morgan Stanley (MS.N) will each pay $33.5 million, Nomura Holdings Inc (8604.T) and Wells Fargo &...Read More

Ferro-chrome benchmark price negotiations for the third quarter of 2018 are revealing a fresh spin on some familiar topics and a more detailed look at regional price differences across the supply chain. Metal Bulletin reported last week that the widely-expected reduction in the third-quarter settlement is likely to be smaller than previously anticipated, due to strengthening ferro-chrome markets,...Read More

(Reuters) - The world’s biggest oil and gas players are gathering for a summit in Washington D.C. this week that will be overshadowed by the specter of shifting trade patterns due to a trade dispute between the United States and China.The uncertainty comes at a historic moment for the United States, which has become the world’s biggest natural gas producer, one of the top crude oil pro...Read More

CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37% The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ende...Read More

Chinese silicon export prices continued to fall amid thin buying appetite and a stronger dollar last week while the European market remained quiet. Metal Bulletin's Chinese grade 553 silicon metal export price dropped to $1,740-1,800 per tonne on Friday June 22, from $1,760-1,850 per tonne the week before. In China, continued environmental scrutiny has weakened demand from silicon metal consu...Read More