Stainless steel prices in North America are likely to be supported by the US Section 232 steel import tariffs while, in Asia, Chinese production cuts on environmental grounds could support prices in the third quarter.And in Europe, price stability is expected unless safeguarding measures are introduced by the European Commission, with a preliminary decision expected within the next week. Prices ar...Read More
VANCOUVER, BRITISH COLUMBIA / July 11, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering partner PurLucid Treatment Solutions Inc. ("PurLucid") are pleased to report that two sea containers containing a second wastewater treatment system have arrived from the pipe and metal fabricator. The system is scheduled for installation at an oil and gas...Read More
Full Article: The Nuances Of a Gold Price SaleBy: Stewart ThomsonFor thousands of years, alchemists have dreamed of creating gold out of thin air. Arguably, today's alchemists are gold analysts obsessed with calling "market tops and bottoms".The relentless search for this holy market grail doesn't build retained gold market wealth. That's because gold is simply an asset that is either on sale or...Read More
Tin premiums in Europe have softened over the week to Tuesday July 10 after dwindling demand began to take root over the summer period, while premiums in the United States and China held steady on abundant supply and minimal spot activity. Supply flows unsettle European tin market Rotterdam 99.9% tin premiums soften as demand weakens China, US premiums flat Tin premiums fall again in...Read More
Lead prices on the London Metal Exchange fell over 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Lead prices on the London Metal Exchange fell by more than 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Fueled...Read More
CIS export billet prices continued to fall on Wednesday July 11 amid a lack of supporting factors, Metal Bulletin was told.Buying activity in most markets remained close to nil, with customers referring to weak domestic markets for finished long steel products, and consequently expecting import billet prices to drop further.Besides that, import scrap prices in Turkey moved downward again with book...Read More
The latest news and price moves to start the North American day on July 11.Base metals on the London Metal Exchange were plummeted during morning trading due to unsettled by trade tensions amid threats of further US-imposed tariffs against $200 billion worth of Chinese goods.Here is how base metals prices looked at 12:08pm London time:Read our live futures report here."The rout in base metals cont...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday July 11.Base metals prices on the Shanghai Futures Exchange fell sharply during Asian morning trading on Wednesday, with China-US trade tensions once again weighing on the market.Check Metal Bulletin's live futures report here.Global aluminium premiums were again under pressure from...Read More
Harvey Organ says the queue jumping is now intensifying to the highest degree. Here's why it matters...by Harvey Organ of Harvey Organ BlogJULY 10.GOLD DOWN $3.85 TO $1254,95/SILVER DOWN 3 CENTS TO $16.06 AS THE RAID ORCHESTRATED BY OUR BANKER FRIENDS FAILED/BRETT KAVANAUGH NAMED AS THE REPLACEMENT FOR JUSTICE KENNEDY ON THE SUPREME COURT AND THAT CAUSED MUCH CHAOS FROM THE LEFT/BMW DECIDES TO LEA...Read More
Lead prices on the London Metal Exchange fell over 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Lead prices on the London Metal Exchange fell by more than 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Fueled...Read More
Peter Krauth"Silver is in a bull market."Admittedly, given the past year's price action, you might think I'm crazy for saying that.But the (much) bigger picture is rather bullish from here. I say that because global silver mine production has been in decline since 2016. Some analysts expect a minute increase this year of just 0.2% over 2017.Retail silver demand was down last year, but solar panel...Read More
Prices for seaborne Australian iron ore fines and lumps fell slightly on Wednesday July 11 while more details emerged over possible measures to cut emissions in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.34 per tonne cfr Qingdao, down $0.57 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.16 per tonne cfr Qingdao, down $0.66 per tonneMetal Bulletin 58% Fe Premiu...Read More
Seaborne coking coal prices continued to descend on Wednesday July 11 with sellers making more concessions in an attempt to speed up sales. "Chinese traders would rather reduce their offers for cargoes that are already on the water because it doesn't make sense to sell them once they have landed," a Chinese trading source said. Traders previously preferred to sell their cargoes only after they had...Read More
Turkish steel mills declined to make any bookings of deep-sea scrap cargo on Wednesday July 11 but the market widely expects them to purchase more material for August.The mills had returned to the deep-sea scrap markets, buying four cargoes on July 6 and Tuesday July 10 - they paid $343-348 per tonne cfr for USA-origin HMS 1&2 (80:20).More...Read More
Iranian export billet prices increased by $5-10 per tonne over the week ended Wednesday July 11 because the availability of material in the market tightened, Metal Bulletin has heard.One of the reasons for a reduced allocation of billet for exports was increased demand for the semi-finished product in the domestic market. This was not spurred by real consumption, however, but by a loss in the valu...Read More
An open import arbitrage in China helped support nickel premiums in the week to Tuesday July 10, while premiums were unchanged in Europe and the United States. Open import window push premiums in China higher Premiums unchanged in Europe in quieter summer season US demand and premiums stable Chinese premiums up amid open import window Shanghai-bonded Nickel premiums rose at the l...Read More
The Avebury nickel mine, in Australia's island state of Tasmania, is set to restart after almost ten years of inactivity, because of the current high price for nickel and healthier prospects for demand, Metal Bulletin heard on Wednesday July 11.Switzerland-based trader Transamine has signed a multi-year offtake contract with the mine's owner, Dundas Mining, for the sale of all nickel concentrates...Read More
Comex copper prices set a new low this morning on July 11 in the US, with President Donald Trump threatening an additional $200 billion in tariffs on Chinese goods.Copper for September settlement on the Comex division of the New York Mercantile Exchange tumbled 8.45 cents or 3% to $2.7550 per lb. Continued uncertainty surrounding trade relations between the United States and China have added...Read More
Premiums for zinc and lead ingots were unchanged globally over a week in which exchange prices for both metals continued to fall, breaking to fresh one-year lows. Zinc premiums remain under pressure from slack demand, backwardated spreads But LME cash/three-month backwardation narrows vs last week Lead premiums unchanged China zinc premium under pressure amid LME backwardationIn China, premiu...Read More
The latest news and price moves to start the North American day on July 11.Base metals on the London Metal Exchange were plummeted during morning trading due to unsettled by trade tensions amid threats of further US-imposed tariffs against $200 billion worth of Chinese goods.Here is how base metals prices looked at 12:08pm London time:Read our live futures report here."The rout in base metals cont...Read More