Miners launch cheaper offer prices for manganese ore in response to declining demand from China. Ore markets knocked by cheap offers, languishing demandSilico-manganese spot prices weaken in ChinaIndian silico-manganese prices drop amid poor demand, oversupplyEuropean alloy markets flatline in consumer absenceUS high carbon ferro-manganese price falters Seaborne manganese ore prices dived on Frida...Read More

Stewart Thomson, Graceland Updates 1. Please click here now. SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. 2. That's solid action, and I'll dare to suggest there's more coming!3. Please click here now. As the ominous month of October approaches, US stock market investors may have a new problem on their hands; a Treasury Secre...Read More

By: Ira EpsteinGold is spinning around, back and forth...Read More

Ferrous scrap prices in Mexico have dropped for almost all grades and in almost all regions this week, with some of the country's main steelmakers applying price cuts.Last week, a large Mexican mill confirmed a price reduction of 400 pesos ($20.57) per tonne for all scrap grades, adding to previously announced price cuts of 200 pesos per week in September by two other large scrap consumers.But som...Read More

Turkish deep-sea scrap prices have shown a slight uptick with news of a fresh European cargo trade, but the market direction was still unclear, sources said on Tuesday September 24.A steel mill in the Iskenderun region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) at $220 per tonne and 10,000 tonnes of shredded at $230 per tonne cfr.News of the cargo raised the daily scrap i...Read More

Belgium-based battery-materials manufacturer Umicore has reached a multi-year supply agreement with South Korean battery maker LG Chem for nickel-cobalt-manganese (NCM) cathode materials, Umicore said on Monday September 23. Under the agreement, Umicore will supply LG Chem with a total of 125,000 tonnes of NCM cathode materials over several years, starting from 2020. The companies did not reveal t...Read More

The Association of South East Asian Nations (Asean) is expecting a large number of steelmaking projects dedicated to both flat and long steel production in the next decade, covering not only regional demand but also excess volumes that may be exported, according the South East Asia Iron and Steel institute (SEAISI). The Asean regional intergovernmental organization comprises the Philippines, Indon...Read More

China signed the Paris Accord on Climate Change and made assurances to limit coal power. However, like Germany (and every other country), it cheats.So it's not surprising that satellite imagery has uncovered hundreds of new coal-fired power stations that are secretly still under construction in China, despite the central government's recent attempts to stop more coming online.As they say, China is...Read More

The prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have fallen this week on continuing limited demand, sources told Fastmarkets on Tuesday September 24.Buyers did not want to book big tonnages before prices hit bottom, they said.UAEOffer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week, with offers of India- and Japa...Read More

Steel hot-rolled sheet prices in Russia's Central Federal District around Moscow have declined over the week to Monday September 23 due to the seasonal slowdown, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia was 43,000-44,000 roubles ($671-687) per tonne on September 23, including 20% VAT, narrowing downward from 43,000-44,90...Read More

Here is what's new today on INK Ultra Money. INK Research CIA subscribers have full access to all Ultra Money videos including premium content. Non-INK subscribers can sign-up directly on INK Ultra Money or stay tuned for a special offer coming here soon.1. Former Fed Insiders on Dollar Repo Madness - Real Vision (Subscriber content)Is this just another mid-cycle adjustment like 1995? Danielle Di...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday September 24 that are worth another look.The long-lasting downtrend in the international scrap market, which has pushed prices to three-year lows this month, has led to the point where steelmakers which use electric-arc furnaces (EAFs) have a significant advantage over those equipped with blast furnaces (BFs), which use iron ore...Read More

The long-lasting downtrend in the international scrap market, which has pushed prices to three-year lows this month, has led to the point where steelmakers which use electric-arc furnaces (EAFs) have a significant advantage over those equipped with blast furnaces (BFs), which use iron ore as a feed.That was the conclusion made by the raw materials committee of the International Rebar Exporters & P...Read More

The Association of South East Asian Nations (Asean) is expecting a large number of steelmaking projects dedicated to both flat and long steel production in the next decade, covering not only regional demand but also excess volumes that may be exported, according the South East Asia Iron and Steel institute (SEAISI). The Asean regional intergovernmental organization comprises the Philippines, Indon...Read More

Ferrous scrap prices in Mexico have dropped for almost all grades and in almost all regions this week, with some of the country's main steelmakers applying price cuts.Last week, a large Mexican mill confirmed a price reduction of 400 pesos ($20.57) per tonne for all scrap grades, adding to previously announced price cuts of 200 pesos per week in September by two other large scrap consumers.But som...Read More

Turkish deep-sea scrap prices have shown a slight uptick with news of a fresh European cargo trade, but the market direction was still unclear, sources said on Tuesday September 24.A steel mill in the Iskenderun region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) at $220 per tonne and 10,000 tonnes of shredded at $230 per tonne cfr.News of the cargo raised the daily scrap i...Read More

Stewart Thomson, Graceland Updates 1. Please click here now. SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. 2. That's solid action, and I'll dare to suggest there's more coming!3. Please click here now. As the ominous month of October approaches, US stock market investors may have a new problem on their hands; a Treasury Secre...Read More

This year marked the 30th anniversary of the Denver Gold Forum (DGF), the world's most prestigious precious metal equities investment conference. The invitation-only event, held last week, was attended by an incredible seven-eighths of the world's publicly traded gold and silver companies by production, as well as leading metals and mining executives, money managers, analysts and investors.Much...Read More

Clint SiegnerJPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks' defenders were bolstered by a 5-year-long investigation by the...Read More

By: Ira EpsteinGold is spinning around, back and forth...Read More