A summary of base metals premiums from across the globe for the week to Tuesday December 3.Please click...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday November 3, with this morning's fresh cancelation of 1,326 tonnes doing little to negate selling pressure, while the metal's benchmark cash/three-month spread reached its widest level since July. Nickel's outright price on the LME closed at $13,375 per tonne this afternoon, softening by more than...Read More
Seaborne manganese ore prices for both grades in China nudged down in the week ended Friday November 29 after buying sentiment was dented by falling port-side ore prices and the continued rise in port-side inventories. Spot liquidity was light last week in advance of miners making their offers for January cargoes. Fastmarkets' index for manganese ore, 44% Mn, cif Tianjin edged down by 1 cent week...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 3, 2019While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that’s very good news for investors.Pleaseclick here now.I predicted that Indian jewellers would step into the market in the $1465 area, and that has obvio...Read More
Lead concentrate spot treatment charges (TCs) continued to rise in November, with buy-side liquidity slim amid a still-shut arbitrage window for Chinese imports. Refining charges (RCs) also remain high, around $1.20-1.30 per oz for material with high silver content. Lead concentrates with low silver content are trading with RCs at $1.50 or above. Fastmarkets assessed the lead spot concentrate...Read More
The latest sales pricing compares with the preliminary $6,200-6,500/t guidance in October.Read More
Deteriorating demand is adding continual downward pressure to Chinese and European alloy prices.Chinese domestic alloy prices weaken on thin demand Imported charge chrome prices in China drop amid competitive domestic prices Chrome ore prices hold in China European alloy market continues sliding Chinese spot domestic ferro-chrome prices resumed their decline in the week to Friday November 29, refl...Read More
Shares in the Eritrea-focused Danakali have drifted lower since April, but AFC has elected to put in a further A$74 million by buying shares at 60c, a 5% discount to the 30-day average.Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce that the Company will start transload operations in George West, TX in Live Oak County in January of 2020. As a supplier of high quality Northern White Sands, the proximity of its mine in Arkansas gives the Company a distance advantage when compared to sources in the upper mid-west. Selec...Read More
"Despite being awarded several times this year for our continued focus on safety, this incident has really knocked us off balance," CEO Scott Perry said on a call Monday."Our primary concern is to safely return our two missing employees and the safety of our search and rescue teams. We are coordinating closely with family members of the missing team members and local authorities."Centerr...Read More
Stewart Thomson, Graceland Updates 1. While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that's very good news for investors. 2. Please click here now. I predicted that Indian jewellers would step into the market in the $1465 area, and that has obviously occurred. 3. Given the onerous import duty, Nov...Read More
Dave Kranzler, Mining Stock JournalThe price of gold has held firm at the $1460 (front-month contract basis, not the Kitco "spot" price) level despite the constant price attacks that have been occurring overnight and into the Comex floor trading hours since early November.On an intra-day basis gold has managed to hold continuous aggressive attempts to push the price below $1460 for the last 6 tr...Read More
Stage is set for big rally in gold and silver unless various US November jobs numbers beat street expectation by a big margin. U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. USA has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal s...Read More
Prices for certain grades of ferrous scrap rose in the Mexican steelmaking regions of Baj?-o and Monterrey over the past week, with some consumers already applying price increases to secure their supply.In Mexico's central Baj?-o region, at least one steelmaker increased prices by up to 200 pesos ($10) per tonne last week, while other steelmakers were telling scrap sellers that they will struggle...Read More
Turkish deep-sea scrap import prices have increased on a fresh transaction amid tightening supply and good demand, sources told Fastmarkets on Tuesday December 3.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $280 per tonne and 3,000 tonnes of bonus at $290 per tonne cfr. The cargo was scheduled for shipment in January.This compares...Read More
While the metal markets have hardly been bullish, United States President Donald Trump undermined confidence across broad markets when he re-imposed tariffs on steel and aluminium imports from Argentina and Brazil and threatened France with tariffs too.This has raised concerns that a US-China trade deal may be delayed, especially following Trump's signing legislation supporting protesters in Hong...Read More
Despite Trump's tweet blowing up the market today, the economy is doing better than Wall Street has expected. And it's only going to get better over the next six months.Unemployment is at 50-year lows, and finally the working man is getting wage increases. The average household balance sheet is better than it has been in years, if not decades. The Christmas shopping season should do very well.Rece...Read More
Hot-rolled coil prices in the United States have continued to bounce between $27 and $28 per hundredweight ($540 and $560 per short ton) in a quiet pre-holiday spot market, sources said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.54 per cwt ($550.80 per ton) on Tuesday December 3, down by 0.9% from $27.79 per cwt on December 2 but roughly unchanged f...Read More
Here is what's new today on INK Ultra Money. All Canadian Insider users have access to free videos and audio, while Canadian Insider Club Ultra members have access to premium videos from Real Vision and INK Research.1 Seeking Shelter through the Storm - Real Vision (free video)In a market dominated by algorithms and stampeding crowds, how do you find an edge - especially at the end of a cycle? Th...Read More
Suppliers of hot-rolled and cold-rolled steel sheet to Russia's Central Federal District around Moscow have reduced their prices for December, but intend to put them back up for January, sources told Fastmarkets on Monday December 2.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 39,000-39,500 roubles ($606-614) per tonne on December 2, including...Read More