Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.Bucking the trend, prices in Taiwan edged upward with improved demand, after there being no changes last week.Turkey imports...Read More

The Turkish steel producers extended their absence from the deep-sea scrap market on Friday July 6 because of weak demand for finished steel products, but they are expected to come back for August cargoes soon.The sluggish rebar demand in the country's domestic and export markets has kept the mills out of the deep-sea scrap markets since the end of last week.The domestic rebar market was expected...Read More

Kirkland Lake Gold's Macassa Mine in northeastern Ontario. Source: Kirkland Lake Gold Ltd.Kirkland Lake Gold Ltd. [KL-TSX, NYSE, KLA-ASX] on Friday July 6 reported results from the latest round of underground drilling at the Macassa Mine in northeastern Ontario, where the company is targeting upgrades and expansions to the current resources.A number of high-grade intervals were reported, including...Read More

Three-month base metals prices on the London Metal Exchange were mixed on the morning of Friday July 6, with nickel (-0.8%), zinc (+1.1%) and aluminium (+0.3%) the main movers, while copper at $6,326 per tonne and tin at $19,455 per tonne were little changed. That said, copper did spike down to a low of $6,221.50 per tonne at around 4am London time.Volume has been high with 16,267 lots traded as a...Read More

White Gold's flagship White Gold property 95 km south of Dawson City, Yukon Territory. Source: White Gold Corp.White Gold Corp. [WGO-TSXV; GFRGF-OTC], currently the largest land holder in the Yukon's White Gold District, said Friday July 6 that it has closed a $10 million private placement of flow-through common shares.Following the offering, Kinross Gold Corp. [K-TSX; KGC-NYSE] and Agnico Eagle M...Read More

Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Friday production fell sharply again in the second quarter of the year as a long-dragged row with the East African nation's government over taxes continues to hit the miner's bottom line.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), said gold production for the three months to June dropped 36% to 133,778 ounces as operat...Read More

NEW YORK (Reuters) - The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge - wage growth - rose less than forecast, while the unemployment rate increased.Nonfarm payrolls advanced by 213,000 jobs last month, the Labour Department said. Data for April and May was revised to show 37,000 more jobs created than previ...Read More

TORONTO (Reuters) - Canada’s dollar will climb over the coming year, a Reuters poll showed, but forecasters are less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes.The poll of more than 40 foreign exchange strategists predicted the Canadian dollar will rise to C$1.30 to the greenback, or 76.92 U.S. cents, in three...Read More

BEIJING (Reuters) - It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in.Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of Dalian was the 34th-highest t...Read More

I first started becoming very bullish on electric vehicles in 2013 after I spotted a Tesla Model 3; I saw this interesting looking car (I didn’t know what the hell it was) that caught my eye in the parking lot at the company office. Not long after, I said, “holy fack this thing is awesome… and the future!” In many ways, what I observed back then already had the look and fee...Read More

The Friday Market Minute Global stocks mixed as US-China tariffs on $68 billion in goods becomes official.Potential thaw in tariff threats on cars, however, helps Japan's Nikkei 225 book solid Friday gains.European stocks, Wall Street futures cautiously higher ahead of today's June employment report.U.S. Treasury yield curve continues to flatten after Fed Minutes mention trade-related slowd...Read More

China's domestic spot battery-grade lithium carbonate prices fell on Thursday July 5 due to continued weak demand and the availability of cheaper material; hydroxide prices held steady with most producers maintaining their offers although lower prices are starting to be offered. Chinese lithium carbonate prices fell on lower consumption  Cheaper battery and industrial-grade carbonate prices o...Read More

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,371.78, up 105.17 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down six cents, or 1.16 per cent, to $5.12 on 7.96 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 11 cents, or 1.18 per cent, to $9.25 on 5.7 million shares.Cenovus Energy Inc. (TSX:CVE). Oil...Read More

WASHINGTON (Reuters) - U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.Nonfarm payrolls increased by rose by 213,000 jobs last month, the Labor Department said on Friday. Data for April and May was revised to show 3...Read More

BEIJING/WASHINGTON (Reuters) - The United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.Hours before Washington’s deadline for the tariffs to take effect, U.S. President...Read More

* Premiums in India of up to $1.5/oz over local price* Investors remain wary over U.S.-China trade tensions* Premiums in China, Hong Kong little changedBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, July 6 (Reuters) - Gold was sold at a premium in India this week after a drop in domestic prices boosted demand, while buyers elsewhere in Asia were sidelined, waiting how the escalating trade te...Read More

If I could go back to my 15-year-old self to tell him one thing, it might be this:People are completely full of it. No one ever grows up. Adults are just as immature as (if not more than) teenagers.You don't have to look very hard online to see this is true. Social media is flooded with oversensitivity, unjust aggression, name-calling, bullying, finger-pointing, etc. If you use Facebook or Twitter...Read More

SHANGHAI/SINGAPORE (Reuters) - Six months of wrangling over trade tariffs with the United States has wiped out about a fifth of China’s stock market value and driven its currency down sharply. But those moves may have just been a downpayment on what is yet to come.Shanghai's benchmark share index .SSEC is down roughly 22 percent since January, when U.S. President Donald Trump's first trade...Read More

BEIJING (Reuters) - Washington imposed tariffs on $34 billion of Chinese imports on Friday and Beijing has said it will retaliate with punitive measures on U.S. products worth a similar amount, including soybeans, pork and cotton.The Chinese government had not officially confirmed on Friday afternoon that the retaliatory tariffs had taken effect.But the tit-for-tat measures have escalated the trad...Read More

Prices for some coated steel coil products in Turkey increased in the week ended Friday July 6 but demand in the local market was only moderate, Metal Bulletin has heard.Domestic pricesOne producer in northern Turkey reduced its coated coil prices by $10 per tonne during the week.The producer is now offering 0.50mm hot-dipped galvanized coil (HDG) at $770 per tonne ex-works, down from $775 per ton...Read More