Prices for vanadium pentoxide (V2O5) jumped in China and Europe in the week ended Friday June 22, buoyed by tight supply in the spot market, while US ferro-vanadium quotations stabilized though low availability persists there. China's vanadium export prices jump on domestic tightnessEuropean vanadium market moved higher owing to tight spot cargoes US ferro-vanadium market largely was stable,...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJun 26, 2018I don't like to spend a lot of time in the grocery store but I love the price sales, and gold's superb seasonal price sale continues in orderly fashion. Astute investors are now calmly booking fabulous gold and silver put option profits, and filling their "grocery carts" with...Read More
WASHINGTON (Reuters) - Republican plans to make President Donald Trump’s tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said on Tuesday.In its annual long-term budget outlook, the nonpartisan Congressional Budget Office (CBO) said the debt will equal 78 percent of U.S. gross domestic product by the end...Read More
Ferro-chrome prices are rising in China amid domestic smelters shutdowns and South African supply concerns. Domestic ferro-chrome production shutdowns push up alloy prices in China South African charge chrome prices jump Ore prices continue to edge higher No impact from China tightness on Japan, South Korea European prices hold at 2018 high Imported ferro-chrome prices kept rising in China on Frid...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he will ask Congress for an increase in funding for his proposed wall along the border with Mexico so it can be finished quickly.Speaking to reporters during a meeting on immigration with Republican lawmakers at the White House, Trump said Republicans would make border security a centerpiece of their campaigns ahead of congressiona...Read More
Chris VermeulenPosted Jun 26, 2018Over the past few months, our research team has authored many articles regarding the weakness in China/Asia as well as the recent rotation in the global markets as trade issues, debt issues, the G7 meeting and, more recently, concerns in the US and Europe regarding immigration and political issues create chaos in what was, just 18 months ago, a relatively calm glo...Read More
WINNIPEG, Manitoba/TORONTO (Reuters) - Steel pipes and tubes used in drilling and transporting crude oil flooded into Canada this spring, a Reuters analysis shows, as U.S. President Donald Trump’s steel tariffs forced producers from Asia to Europe to seek new markets.Canada is a major steel producer in its own right and the biggest supplier to the United States, but the country is swamped by...Read More
LONDON (Reuters) - It was a choppy session for European shares on Tuesday, which initially saw a modest bounce after trade tensions triggered losses the previous day, but ran out of steam to close flat.The pan-European STOXX 600 was unchanged in percentage terms and remained at its lowest level since mid-April following Monday’s 2 percent slide.Germany's exporter-heavy DAX .GDAXI, which has...Read More
(Kitco News) - Gold and silver prices arelower in early U.S. trading Tuesday. Gold hit a six-month low and silver hit a seven-weeklow. Despite the threat of a major world trade war on the horizon, themarketplace is not seeing keen risk aversion-at least not enough to boost thesafe-haven metals. Instead, gold and silver are following their raw commoditycounterparts lower on worries of less world tr...Read More
WASHINGTON (Reuters) - U.S consumer confidence ebbed in June, with households a bit pessimistic about their short-term income prospects, potentially signaling a slowdown in economic activity later this year.The Conference Board said its consumer confidence index fell to a reading of 126.4 this month from an upwardly revised 128.8 in May. The index was previously reported at 128.0 in May.“Whi...Read More
Being huge, consequential and technologically advanced, China isn't normally lumped into the "emerging" category with Brazil and Argentina. To most observers they've already left the kids table and are now seated with the developed-world adults. But that might be premature. A big part of China's economic ascendance was purchased with borrowed money - including a lot of US dollars - and came at the...Read More
NEW YORK (Reuters) - Oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya.Brent crude LCOc1 lost 33 cents at $74.40 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. light crude CLc1 gained 20 cents at $68.28.Prices, which had been positive earlier in the session, fell following a rep...Read More
NEW YORK (Reuters) - A credit ratings analyst for Standard & Poor’s and two other defendants were criminally charged by U.S. prosecutors on Tuesday with insider trading related to Sherwin-Williams Co’s (SHW.N) $9.3 billion purchase of Valspar Corp.Authorities said the analyst, Sebastian Pinto-Thomaz, 33, tipped his friends Abell Oujaddou and Jeremy Millul in early March 2016 about...Read More
CloseGain/LossGold $1258.90-$6.90Silver$16.30-$0.05XAU80.48-0.05%HUI172.93-0.70%GDM612.24-0.07%JSE Gold1024.46-36.71USD94.71+0.41Euro116.47-0.55Yen90.95-0.11Oil$70.53+$2.4510-Year2.880%+0.005T-Bond144.28125-0.0625Dow24283.11+0.12%Nasdaq7561.63+0.39%S&P2723.06+0.22% The Metals: Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York, but it still end...Read More
Direction of global stock markets will be the key to industrial metal prices and silver. Gold if it does not rise will see more correction. Crude oil will remain unaffected by any news on very strong short term fundamentals. Physical demand of copper, silver, nickel and zinc will be the key. The next three days are very crucial for copper, zinc and nickel. If they fall, they will sink and move i...Read More
NEW YORK (Reuters) - The dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent.The dollar index, which measures the greenback against a basket of six currencies, was up 0.37...Read More
Cobalt prices drifted lower again last week in thin trading conditions, with buyers continuing to secure their minimum required volumes, or postponing purchases in a falling market. Low-grade cobalt and high-grade cobalt prices were assessed at $40.35-41.25 per lb, in-warehouse on Friday June 22, down 0.6% and 0.9% respectively over the course of the week. Spot activity has been limited since May...Read More
Antimony prices in both Europe and China have fallen further over the past week, after sentiment was dampened by sluggish demand.Metal Bulletin assessed MMTA standard grade II delivered, duty paid antimony prices at 51,500-52,000 yuan ($7,917-7,993) per tonne on Wednesday June 20, down by 500 yuan from one week ago. "Demand from downstream industries [both] domestically and globally is dull,...Read More
WASHINGTON (Reuters) - The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified.“We are bearing witness to this astonishing energy miracle,” Perry said at the opening ceremony of the trien...Read More
LONDON (Reuters) - Gains on Wall Street and Europe’s main stock exchanges relieved nervy investors on Tuesday, after the latest escalation in a global trade storm pummeled Wall Street and sent China into bear market territory.A 0.6 percent rise by the FTSE in London and 0.2 to 0.4 percent gains in Frankfurt, Paris and U.S. markets were a welcome sight, after Asia had extended a sell-off that...Read More