By BullionStarhttps://www.bullionstar.com/Arguably the best known and most coveted trophy in the history of sport, the World Cup Trophy has a mythical status among elite footballers and sports fans alike, and its iconic shape and form are synonymous with the World Cup football tournament that takes place every four years.For such a legendary trophy, it goes without saying that it could not have...Read More

 CloseGain/LossGold $1247.10+$4.90Silver$15.94+$0.14XAU81.11+0.16%HUI174.82+0.17%GDM616.94+0.43%JSE Gold1055.99-16.37USD94.78+0.04Euro116.73-0.02Yen88.89-0.38Oil$70.33-$0.0510-Year2.849%+0.009T-Bond145.34375-0.125Dow24924.89+0.91%Nasdaq7823.92+1.39%S&P2798.29+0.87%  The Metals: Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close,...Read More

The U.S. unemployment rate rose in June. But this is good for the economy. What? Good? How is that? Unemployment Increases, but It's Positive 499,000. So many more people became unemployed in June. There are thus 6.6 million unemployed persons in the U.S. now, according to the latest Employment Situation Report published last week by the Bureau of Labor Statistics. It implies the rate of unem...Read More

By Larry LaBorde The lovely Miss Puddy accompanied me to Southern France last month to meet up with our son and his new fianc?e. The purpose of our trip was to meet his bride-to-be's parents in Toulouse. I also wanted to visit the family cemetery in Tartas just south of Bordeaux. After flying into CDG airport in Paris we rested a couple of days and then took the high-speed train from ga...Read More

Hallmark of an Economic Ponzi Schemeby John Hussman of Hussman FundsConsider two economic systems.In one, consumers work for employers to produce products and services. The employees are paid wages and salaries, and business owners earn profits. They use much of that income to purchase the goods and services produced by the economy.They save the remainder. A certain portion of the output represe...Read More

Switzerland has joined a growing list of countries requesting dispute consultations with the United States at the World Trade Organization, regarding US duties on certain imported steel and aluminium products, the WTO said on Thursday July 12."Switzerland claims the US duties of 25% and 10% on imports of steel and aluminium products, respectively, are inconsistent with provisions of the WTO's Gene...Read More

VANCOUVER, BRITISH COLUMBIA / July 12, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and Highbury Energy Inc. ("Highbury") are pleased to report additional work has commenced on gasification of petroleum coke ("petcoke"), an oilsands and refinery by-product, into a synthetic liquid equivalent to refinery crude oil feedstock. The expanded research and develo...Read More

After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More

The latest news and price moves to start the North American day on July 12.Nickel prices on the London Metal Exchange jumped more than 2% during morning trading, accompanied by a slight uptick in copper prices, while the rest of the complex continues to waver against intensified US trade rhetoric.Pushing back over the $14,000 per tonne level, nickel's three-month price...Read More

Good morning from Metal Bulletin's office in Asia as we bring you the latest news and pricing stories on Thursday July 12.Most base metals prices on the Shanghai Futures Exchange staged a recovery during Asian morning trading on Thursday, with only lead weakening. Nickel led the rebound with a 3.8% gain, while copper jumped by 1.2%. The other metals also logged gains in the early session, albeit a...Read More

After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More

Independent UK steelmaker Sheffield Forgemasters will appoint David Bond chief executive officer on August 1, the company said on Thursday July 12.Bond joins Forgemasters on a secondment from his role as chief operating officer for defence contractor BAE Systems Australia, where he was responsible for the company's maritime, land and integrated systems businesses.Sheffield Forgemasters declined to...Read More

Domestic steel prices in China are picking up strength after news of summer production cuts in the country's steelmaking hub of Tangshan broke.The price increases came after several mills confirmed that they had received official notices from the Chinese government. Prices rose steadily from the afternoon of Wednesday July 11 after a couple of days of uncertainty over whether the cuts would materi...Read More

With the exception of aluminium, base metals on the London Metal Exchange staged a modest recovery at the close of trading on Thursday July 12, led by a 2.2% surge in nickel prices, while the market continues to adjust to the escalating trade rift between the US and China."Markets are still waiting for the trade situation to resolve itself; either the escalations continue, or one party or another...Read More

Two companies have exited the London Metal Exchange warehousing business in the past month while others have significantly reduced their involvement, highlighting concerns over the growing unprofitability of the sector and the lack of on-exchange stock liquidity. 2018 has been particularly challenging due to a lack of available supply and rising operating costs, adding to stringent LME rules. ...Read More

Physical iron ore prices rose on Thursday July 12 amid gains in China's futures and steel markets.Metal Bulletin 62% Fe Iron Ore Index: $64.06 per tonne cfr Qingdao, up $0.72 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.73 per tonne cfr Qingdao, up $0.57 per tonneMetal Bulletin 58% Fe Premium Index: $52.08 per tonne cfr Qingdao, up $0.32 per tonneMetal Bulletin 65% Fe Iron Ore Ind...Read More

Turkish steel producers continued to book scrap in the deep-sea markets for August deliveries on Thursday July 12, with prices still falling.A steel producer in the Iskenderun region booked a Canadian cargo, comprising 25,000 tonnes of HMS 1&2 (90:10) and 25,000 tonnes of shredded, at an average price of $350.50 per tonne cfr late on July 11.The same mill booked a European cargo...Read More

Turkish billet prices have continued to fall over the past week because of falling scrap prices and sluggish demand, sources said on Thursday July 12.Billet offers from the CIS region softened over the preceding seven days, with buyers in Turkey and other markets showing limited interest in deals for CIS material.And import scrap prices in Turkey moved downward...Read More

Copper and brass scrap markets in the United States have eroded in value due to a combination of ample scrap supply, steep drops in primary metal prices on Comex and limited demand."There's been a massive destruction of value for people holding copper and brass scrap. Everyone has metal and is inquiring for prices. We have enough metal in our plant to get through the entire month of July so we're...Read More

Aluminium consumers in the United States are clamoring for an alternative to the current Midwest aluminium premium, reacting to the premium's surge to a near all-time high this year. American Metal Market's latest assessment of the P1020 premium placed it at 19.75-20.5 cents per lb on Tuesday July 10, down from the more than three-year high of 22-23 cents per lb on April 10 but stil...Read More