Worldwide Warehouse Solutions (WWS) has filed for bankruptcy under Chapter 7 at a court in the United States and has closed all its operations, Metal Bulletin learnt on Wednesday July 4.The claim was filed by WWS, with legal representation from Bryan Cave Leighton Paisner, on June 28 at the Missouri Eastern Bankruptcy Court in St Louis, according to the court filing. The case lists liabilities of...Read More
China's domestic prices for hot-rolled coil bounced back on Wednesday July 4 after trading activity increased, though export prices softened amid a weakening yuan.DomesticEastern China (Shanghai): 4,220-4,250 yuan ($633-638) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, narrowing upward by 10 yuan per tonneDomestic prices posted some recovery with buyers s...Read More
China's domestic rebar prices experienced a mild recovery on Wednesday July 4 on higher sales following gains in the futures market. Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($593-600) per tonne, widened upward by 10 yuan per tonne Northern China (Beijing): 3,880-3,920 yuan per tonne, up 20 yuan per tonne Rebar futures surged during the first hour of trading, which boosted buying intere...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday July 4*Copper -$86.07 (-569.63 yuan)Aluminium -$478.65 (-3,167.72 yuan) Zinc $30.42 (201.30 yuan) Nickel -$119.02 (-787.66 yuan) *Metal Bulletin calculates the physical arbitrage for import into China...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Wednesday July 4:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,500-51,500 yuan per tonne from 50,800-51,500 yuan Cobalt MB free market high grade, $/lb: $39.00-40.85 per lb from $39.70-41.00 Cobalt MB free...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday July 4.NB: prices expressed delivered consumer...Read More
Attorney-General Tommy Thomas said he was taken aback by the rowdy supporters of Datuk Seri Najib Tun Razak during a scheduled press conference after court proceedings on Wednesday. Thomas said he did not expect the commotion and added that hopefully, it was recorded and uploaded online for posterity so that everyone can make up their mind about what happened.Read More
Jul 05, 2018 Guest(s): John Doody An escalating trade war could spiral out of control and bring the world to the brink of an economic collapse on the scale of the Great Depression of the 1930s, said John Doody, founder of Gold Stock Analyst."We're going to get a replay, to some extent, of the 1930s episode where the U.S. put the Smoot-Hawley Tariff Act, imposed taxes on 20,000 imports, and basi...Read More
Click Here to Listen to the InterviewHighlights:Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with his latest market insights.Inflation is a chief concern at EuroPac, just as the economy is headed back to a 2008 style Great Recession, which could result in StagflationStagflation has positive implications for the PMs sector, as illustrated by the...Read More
Over the last couple of years major social media, news and video platforms have been actively engaged in the censorship Continue...Read More
"She's in agony and weeping. Just as upsetting she begged no one call an ambulance. "It's $3000," she wailed. "I can't afford that."Continue...Read More
RAPAPORT... De Beers' decision to sell synthetic diamond jewelry raises important issues that are fundamental to the future of the natural diamond industry. Let us begin by analyzing the role of De Beers in the diamond industry. Until about 2000 and the advent of their "Supplier of Choice" program, De Beers was the custodian of diamonds. They maintained rough diamond prices by buying excess suppli...Read More
(IDEX Online) - Stornoway Diamond Corporation reported that it commenced remobilization of staff to the Renard mine as of July 4 following a suspension of operations due to a forest fire near the mine. "Over the last 48 hours, rainfall and a shifting of the prevailing winds have allowed the principal fires south of the Clarence and Abel Swallow Airport to be contained, allowing for the safe trans...Read More
RAPAPORT... A company in Sierra Leone has obtained and exported a 144.12-caratrough diamond worth at least $600,000, authorities in the west African nationsaid Tuesday. A licensed diamond exporter brought the stone to theprecious-minerals trading department of the National Minerals Agency (NMA) lastweek for valuation, the NMA and the Ministry of Mines and Mineral Resources(MMMR) reported. The NMA...Read More
(IDEX Online) - Firestone Diamonds plc, whose operations are focused in Lesotho, has appointed Patrick Meier to its board as a non-executive director, effective immediately. Meier has 25 years of experience in mining, and is currently Chairman of Anglo Pacific Group plc. Between 1982 and 2014, Patrick spent his career with Royal Bank of Canada (Europe) Limited, latterly as Head of European I...Read More
RAPAPORT... The Gemological Institute of America (GIA) has graded a5.01-carat lab-grown diamond that, its producer claims, is the largest pinksynthetic diamond in the world. New York-based Unique Lab Grown Diamond created the stone usingchemical vapor deposition (CVD). The square-radiant-shaped, fancy intensepinkish-orange synthetic stone has the equivalent of SI clarity, the GIA saidin a lab note...Read More
LISBON – Angola plans to start recovering large funds held by citizens in overseas accounts toward the end of the year under a law meant to repatriate cash that was illegally moved abroad, President Joao Lourenco said.Lourenco said in December that the government wouldn’t ask any questions if wealthy Angolans return their funds and invest in the country, but he didn’t set a deadl...Read More