There will be economic indications later this week with both the US and China set to release retail sales figures, Bloomberg noted.Metals and mining stocks were down a collective 2.7% in London yesterday, where most base metals also closed lower on the London Metal Exchange.Glencore (LSE: GLEN) closed down 3.5%.The big mover among Toronto's gold equities was Semafo (TSX: SMF), which plunged a furt...Read More

The company had forecast iron ore sales of 307-332 million tonnes following the fatal Brumadinho tailings dam disaster in Minas Gerais state in January. It had outlined iron ore production guidance of 400Mt for 2019, at its Vale Day presentation in London last December.The company then warned last month the Itabiruçu stoppage and revision of its sales plan meant iron ore and pellet sal...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that the Company has entered into an agreement with PI Financial Corp. (the "Underwriter") for a bought deal private placement to raise aggregate gross proceeds of C$3.50 million (the "Offering" or the "Brokered Financing") and a non-brokered private placement of Units (as defined below) (the "Non-Brokered Fi...Read More

Fastmarkets has corrected its weekly manganese ore 44% index, cif Tianjin, which was published incorrectly on Friday November 8 due to insufficiently verified data having been used in the calculation.The index was published as $3.75 per dry metric tonne unit (dmtu) on November 8.But one participant's data submission comprised an aggregated price and volume for several separate deals, the actual it...Read More

Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More

By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More

By: Ira EpsteinFed's Powell speaking this week. Still a washout in gold, huge outflows from the market. Gold 3-days under Bollinger lower band..Read More

Key data from the pricing sessions in Asia, Europe and the United States in the week to Friday November 8.China Key drivers  Chinese silicon export market continued to gain upward momentum for the third consecutive week in response to supply tightness in the domestic market after southern Chinese refiners halted their operations due to a lack of cheap hydroelectric power during dry season whi...Read More

Turkish steel producers have taken a break from the deep-sea scrap market after last week's burst of buying activity for December cargoes, sources said on Tuesday November 12.Fastmarkets has recorded trades for 10 deep-sea cargoes at strengthening prices since the beginning of last week, totaling around 340,000 tonnes.The mills stepped away from the deep-sea markets on Tuesday, but they were expec...Read More

While investors and traders are still waiting for direction on China-United States trade talks, markets are reviewing their individual situations and adjusting accordingly.The two big movers have been the precious metals and nickel, both correcting lower as profit-taking and, or short-selling, set in, while the rest of the markets seem to be consolidating.With US President Donald Trump addressing...Read More

Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More

I spent last week in the beautiful city of Nashville, Tennessee. It was my first visit, and it was impressive. You Nashvillians should be proud.Broadway, a four-block section of honky-tonks and cowboy boot stores, was jamming out at 10:30 on a Tuesday morning. A wonderful cacophony of sound blasted through open windows and rattled around the street.I was at the MetCoke Summit 2019 to learn about t...Read More

European producers of hot-rolled coil were expected to raise their domestic offer prices and were likely to achieve better trading prices because of production cuts and the lack of competitive import offers, sources told Fastmarkets on Tuesday November 12."I think [the days of] cheap offers are now gone and mills will increase their offers soon," a German source said.The steelmakers, however, pref...Read More

Wealth Minerals Ltd. (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZN) is a lithium focused, mineral resource company, with interests in Canada, Mexico, Peru and Chile. We learned from Henk van Alphen, CEO of Wealth Minerals, that they have partnered with Rosatom, a Russian state corporation and the largest nuclear power corporation in the world, with the goal to use its resources and its tec...Read More

Offer prices on flat steel imports into the United Arab Emirates and Saudi Arabia have increased over the past week, but buyers have not accepted the new prices, sources told Fastmarkets on Tuesday November 12.Buyers were still reluctant to book large tonnages because of the weak end-user demand, they said.UAEOffer prices for hot-rolled coil (HRC) from Japan were heard in the UAE at $450-460 per t...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil climbed during the week to Tuesday November 12 because of higher prices in the upstream hot-rolled coil market, sources said. HRC prices were boosted by strong domestic demand and production restrictions imposed by China's Ministry of Ecology and Environment on cities in the Yangtze River Delta to reduce air pollution.Cold r...Read More

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.Some market participants believe prices will increase further due to the global rise in production costs, while others argue that demand is not strong enough to support such increases.Billet importsBillet was offered fr...Read More

Here is what's new today on INK Ultra Money.1.Is the VC Bubble Popping? - Real Vision (free video)Filling in for AK, Real Vision's Drew Bessette breaks down the recent collapse in value of Silicon Valley unicorns as their growth-at-all-cost business model is being actively challenged. Despite interest rates at 5,000 year lows, a third of Russell 2000 stocks can't turn a profit 2. First National...Read More

Rebar contracts on the Shanghai Futures Exchange increased on Tuesday November 12 following two notices about winter production restrictions in the Fenwei Plain and Yangtze River Delta regions, but spot prices were unchanged. Eastern China (Shanghai): 3,700-3,740 yuan ($528-534) per tonne, unchangedNorthern China (Beijing): 3,630-3,650 yuan per tonne, unchangedRestrictions on production have been...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More