Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Tuesday July 3, with aluminium and tin prices both off by 0.3%, while the rest of the complex was up by between 0.1% and 0.6%. Zinc led the rebound, while copper was the laggard at $6,578 per tonne.Volume has been above average with 8,372 lots traded as at 7:13am London time.Precious metals were...Read More

Following extensive market engagement, Metal Bulletin has decided to extend the consultation period for the proposed launch of a battery-grade lithium ex-works China index to provide additional time for market participants to submit feedback. Metal Bulletin is committed to providing transparent pricing for the lithium sector and is therefore extending the timeframe to collect further feedback on t...Read More

My easy pre-holiday commute to the office today was rudely interrupted by the battering ram-like force of an 1997 silver Isuzu truck slamming into the back of my Mustang. As my neck snapped back, I gave a brief and non-librarian thanks to whatever government regulation required headrests.I'd hate to have taken that hit in a mid-60s muscle car. As it is, my formerly pristine GT will be saddled with...Read More

We learned from Dr. Andrew Tunks, Managing Director of the Australian cobalt exploration company, Meteoric Resources (ASX: MEI), with projects in Canada. Meteoric Resources has engaged leading Canadian geology firm, Orix Geoscience, to re-analyze historical exploration to identify targets for an aggressive drilling program. We learned from Dr. Tunks that their main focus will be on Meteoric's exte...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia either held steady or decreased this week because of lower offer prices, sources told Metal Bulletin on Tuesday July 3.Construction activity is very low in the region because of seasonal summer effects, market participants said, with demand unlikely to improve before August.UAEMetal Bulletin's weekly price assessment for UAE imp...Read More

Thunder Bay, Ontario - July 3, 2018 (Newsfile Corp.) (Investorideas.com Newswire) White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to announce that it has received the assay results of 269 grab samples taken on the Gunners Cove Property (the "Property") and that, as a result, 5 new gold occurrences have been found. The new occurrences, named the Bazooka Zone, the...Read More

July 3, 2018 (Investorideas.com Newswire) Rigs have started turning at the project in British Columbia's Golden Triangle.Golden Ridge Resources Ltd. (GLDN:TSX.V) has begun drilling at the Hank project located in the province's Golden Triangle.The company last week received authorization from the British Columbia Ministry of Energy, Mines and Petroleum Resources to drill. The agency allotted the co...Read More

July 3, 2018 (Investorideas.com Newswire) Rick Mills of Ahead of the Herd discusses why he believes one company that has a large lithium resource estimate for its Nevada deposit is undervalued.On June 11, Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) published its resource estimate for its Clayton Valley Lithium Project in Nevada on SEDAR, detailing the technical report it first pub...Read More

July 3, 2018 (Investorideas.com Newswire) The mineral claims are located near a new porphyry discovery.Shamrock Enterprises Inc. (SRS:CSE) recently announced it has signed an Option to Purchase Agreement to acquire a 100% interest in the Buckley Project mineral claims, in British Columbia. Located about 57 kilometers southwest of Houston, British Columbia, the Buckley Project consists of 24 minera...Read More

July 3, 2018 (Investorideas.com Newswire) Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-t...Read More

July 3, 2018 (Investorideas.com Newswire) The exceptional zinc mineralization reported could indicate a feeder system, The Critical Investor reports.Ayawilca project; drilling location1. IntroductionInvestors had to wait longer than expected for a big hit, but this week Tinka Resources Ltd. (TK:TSX.V; TLD:FSE; TKRFF:OTCPK) proved that looking for substantially more mineralization first instead of...Read More

A leading Japanese steel major has hiked its offers for August-shipment hot-rolled coil (HRC) to $660-665 per tonne cfr Southeast Asia after market sentiment turned bullish.It is offering base-grade HRC at $660 per tonne and SS400 HRC at $665 per tonne to Malaysia. It is offering base-grade HRC at $660 per tonne and SAE1006 HRC at $665 per tonne to Indonesia. It is not offering any HRC to Vietnam....Read More

China's ferrous futures retreated across the board during morning trading on Tuesday July 3, especially the steel contracts, amid weakness in the physical markets.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,723 yuan ($562) per tonne, down 46 yuan per tonne October hot-rolled coil: 3,835 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange Septemb...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transactions: rebarRebarOman, export, rebar, traded at $615-620 per tonne cfr, theoretical weight, to the UAE.Oman,...Read More

Novolipetsk Steel (NLMK) has reduced its rebar prices for Russia's Central region, following similar action by fellow steelmaker Severstal, which decreased its offers last week.Metal Bulletin's domestic prices for Russian 12mm A500C rebar narrowed downward on July 2 by 1,000 roubles per tonne to 37,000-37,500 roubles ($585-593) per tonne cpt Moscow, including...Read More

CIS export rebar and wire rod prices remained largely unchanged in the week ended Monday July 2 because buying activity was reduced.Metal Bulletin's weekly assessment of rebar export prices from the CIS widened downward by $5 per tonne to $545-575 per tonne fob Black Sea on July 2.There were not many offers of rebar because most mills have almost closed their order books for July.Several market pa...Read More

Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More

By Craig HemkeIt has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has run. However, this post from mid-May clearly lays out that $1235 COMEX gold was at least a "possibility". o https://www.sprottmoney.com/Blog/the-g...Read More

Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack...Read More

Graceland UpdatesBy Stewart Thomson 1. Charts don't make fundamentals, but fundamentals do make charts. That's because market fundamentals create liquidity flows. Those liquidity flows create technical action on the charts.2. Please click here now. Double-click to enlarge this important daily gold chart.3. When market technical indicators like RSI, MACD, and Stochastics...Read More