Adam HamiltonArchivesNov 08, 2019 The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks'...Read More
The company's shares were at 14.6p at the start of November. Its current market value is about £34 million.UK stockbroker SI Capital is now IronRidge's sole broker after arranging the placement.CEO Vincent Mascolo said IronRidge was on track to start drilling "multiple targets across our suite of gold projects in Cote d'Ivoire in the near term" and deliver a maiden mineral resource for the C...Read More
The fob Australia alumina price retreated to $280 per tonne on Friday November 8 because of reduced liquidity and continued poor downstream demand.Fastmarkets calculated the benchmark daily alumina index, fob Australia at $280.80 per tonne on Friday, down from $282.12 per tonne on the previous day. The index hit a four-week high of $285.42 per tonne on October 31.Key drivers A deal for 30,000 tonn...Read More
Solid prices for coking coal and iron ore, coupled with weak steel prices, have created a challenging environment for steel players in 2019, but the company believes mounting supply tightness willRead More
Swick Mining Services founder and managing director Kent Swick told the company's annual general meeting in Perth, Western Australia, after several years pegged around A$135-140 million of annualRead More
A convoy carrying mine workers was attacked by gunmen, 40km from SEMAFO's Boungou gold mine in the Est region, killing 37 people and injuring a further 60.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
* Mining quota at 132,000 T, smelting and separation at127,000 T * Annual quotas for 2019 are highest volumes ever allocated * Beijing had raised prospect of limiting supply in U.S.trade row * Quotas have been released unusually late in the year (Adds analyst and association official comment, milestone)By Tom DalyBEIJING, Nov 8 (Reuters) - China lifted its annual rareearth output quotas on Friday...Read More
An overview of the minor metals markets and their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,59164,76398,524181,688498,826624,803662,113 Change from Prior Reporting Period 9,1685,85533,1194,69120,61346,97859,587 Traders 20283815755290196 Small Speculators LongShortOpen Interest 65,37828,068690,181 -239-12,84846,739 non reportable positionsCha...Read More
The US stock markets have surged to all-time-record highs, fueled by extreme Fed easing. It jawboned about rate cutting, slashed rates, and birthed a new large-scale Treasury monetization campaign! All this has left traders hyper-complacent, assuming the upside will continue indefinitely. But are these lofty stock levels fundamentally-justified? The big US stocks' just-reported Q3'19 r...Read More
By: Ira EpsteinGold - how far low can it go?Read More
Typical gold and silver price movement after Diwali. Gold and silver have always formed short term peak around Diwali. Irrespective of the news, history has repeated itself. I will prefer to use sharp dips to invest for next year. Long term investment is good at current price. Short term investors and very short term traders need to remain on the sidelines. Physical demand and investment demand...Read More
Primary aluminium foundry alloy premiums in Europe fell to all-time lows on Friday November 8, while the premium in the United States held steady under quiet spot market conditions.European foundry premiums still fallingPrimary aluminium foundry alloy premiums in Europe hit record lows, with some participants saying premiums have hit a bottom.Fastmarkets assessed the aluminium wheel alloy silicon...Read More
Prices for 18/8 stainless steel scrap increased this week in Europe despite market participants insisting that demand was still at "rock bottom", sources told Fastmarkets on Friday November 8. While mills continued to enjoy high discounts for the nickel component of the scrap, traders said the recent fall in alloy scrap prices had happened too quickly and that scrap merchants were u...Read More
The inter-merchant spot market for light iron scrap in the UK moved up by ?5 ($6) per tonne in the week ended Friday November 8, repeating the increase by a similar amount the week before, on steady domestic demand and higher European export prices.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?70-90 ($90-116) per tonne on F...Read More
The flip-flip nature of headlines surrounding trade talks between China and the United States is calling the tune in the markets; there was initial weakness on news that a signing of a partial trade deal would be delayed, but markets then turned higher after it was announced that progress had been made with both sides agreeing to remove some tariffs.This morning, Friday November 8, markets are giv...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's domestic spot battery-grade lithium compound prices tumbled week on week on Thursday November 7 after producers cut their offers to stimulate downstream buying, while the European and US carbonate price fell by $0.50 per kg after buyers faced little resistance to lower bids amid a well-supplied market. Chinese producers reduced offer prices for battery-grade lithium carbonate to combat slo...Read More
It's crazy out there.And what's truly frightening: We all know it's crazy out there, but few people seem to be doing anything about it.Earlier this week, billionaire hedge fund manager Ray Dalio published a blog where he argues an excess of free money, enormous government deficits, and excessive social liabilities have set the world up for a "big paradigm shift." Dalio concludes, "The system of ma...Read More