China's coke export prices have fallen amid the country's weakening ferrous markets with demand not picking up as strongly as expected in the spring season.Metal Bulletin's assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $340-350 per tonne fob China for the week ended Tuesday March 20.This is down $5-10 per...Read More
Climate change giveth, and climate change taketh away — that is, if you can attribute anything to climate change.Last December, Toronto-based Centerra Gold Inc. shut down the mill at its Mount Milligan mine in British Columbia after anemic snowmelt runoff and an unexpected extreme cold snap froze the shallow supply of water in its tailing ponds. On Friday, the company announced that same mil...Read More
Iron ore prices fell below $65 per tonne cfr China on Friday March 23 after China's ferrous futures tumbled amid trade tensions between the country and the United States.Metal Bulletin's 62% Fe Iron Ore Index Today: $64.58 per tonne cfr QingdaoDaily change: down by $2.60 per tonneMonth-to-date average: $71.57 per tonneMetal Bulletin's 58% Fe Premium Index Today: $52.17 per tonne cfr QingdaoDaily c...Read More
CEO Errol Smart spoke to Mining Journal about the secondary listing, investor appetite, advancing the Prieska project and the company's upcoming milestones.Read More
Proactive Investors Australia is delighted to invite you to attend the Proactive's CEO Investor Sessions in Sydney.The presentations will start at 12pm sharp and finish at approximately 2pm.Directors will be available from 11:15am to 11:45am and from 2pm to 2.30pm to meet and speak with you.The event is not suitable for people pursuing commercial opportunities.More details on presenting companies...Read More
Proactive Investors Australia is delighted to invite you to attend the Proactive's CEO Investor Sessions in Melbourne.The presentations will start at 12pm sharp and finish at approximately 2pm.Directors will be available from 11:15am to 11:45am and from 2pm to 2.30pm to meet and speak with you.The event is not suitable for people pursuing commercial opportunities.More details on presenting compani...Read More
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canap?(C) and wine reception. Details on the presenting companies can be found below. This event is suitable for the following:Sophisticated & private investors, private client brokers, fund managers, financial instit...Read More
Amid the threat of a trade war breaking out between the U.S. and China, Wall Street and Main Street alike look for gold prices to continue their rally next week. The yellow metal rose sharply this week and by late Friday morning was up some $40 from the lows of Tuesday. The first leg higher came when the Federal Reserve did not appear to be signaling any increase in policymakers' pace of monetar...Read More
Gold again showed resilience in the face of financial market weakness.The metal's "wall of worry" continues to grow, which is bullish.Gold ETF is close to confirming an immediate-term breakout signal.A major sell-off in the stock market caught precious metals traders by surprise on Thursday. Coming on the heels of gold's best 1-day performance in over a month, gold and silver ETF pri...Read More
Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More
Gold bulls are alive since the Fed dovish hike. $1400 is seen at the line in the sand. Gold is trading at around 1346 up 1.36% on the day so far as trade wars between the US and China intensify. Gold weekly chart Gold is consolidating and grinding higher in an ascending triangle pattern. Resistance is seen at the high of the year close to the 1365 mark, followed by 1375 the 20...Read More
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Gold skyrocketed yesterday after it hit support near the 1325 level. The metal emerged above two resistance barriers in a row and currently is trading slightly above the 1340 barrier. The rally came on the back of the escalating tensions between the US and China, which increased demand for safe haven assets, such as gold. US President Trump decided to sign a memorandum targeting up to USD 60bn wor...Read More
• Global trade war fears trigger global risk aversion trade and underpin safe-haven demand. • Faltering USD provides an additional boost and remains supportive of the strong up-move. Gold held on to its daily gains to over 1-month tops and is currently placed at over 1-month tops ahead of the US data. The US President Donald Trump's move tow...Read More
Specter of heated trade spat has markets spooked, Kitco saysBullion advances as China pushes back against Trump's tariffsJim Paulsen Says This Is Still a Very Vulnerable MarketplaceGold futures posted the biggest weekly advance in almost two years, extending gains Friday and pushing up producer stocks, as mounting economic and geopolitical tensions fueled demand for the metal as a haven. Bull...Read More
The light iron scrap market in the United Kingdom is unchanged this week, extending a steady trend from the previous week, although signs are emerging that prices may fall in the near term.The market has been steady for two weeks in a row after four weeks of price rises stemming from strengthening demand to key export markets such as Turkey and the Indian subcontinent. Metal Bulletin's price asses...Read More
The market for containerized ferrous scrap imports into India showed signs of softening this week amid poor scrap demand and weaker local steel prices, sources told Metal Bulletin on Friday March 23.Market participants shied away from buying imports at a time of uncertainty in the steel markets after no scrap deals were heard in the Turkish deep sea scrap market for the second consecutive week and...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Section 232The European steel association Eurofer is calling for quota-based safeguard trade measures even though the EU has been temporary exempted from Section 232 import tariffs in the United States. The impact of the United States' Section 232 aluminium import tariffs on Asian aluminium...Read More
Gold futures climbed Thursday to settle at their highest in more than two weeks, as the precious metal tracked a dollar hemmed in by signs the Federal Reserve would adhere to a more-conservative script with interest-rate policy this year. Prices for the yellow metal briefly tapped a session low as a benchmark dollar index found modest support after President Donald Trump signed tariffs against Chi...Read More
It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More