Turkish steel producers extended their silence in the deep-sea scrap markets on Monday July 2, but are expected to resume buying soon for August deliveries.However, the producers are waiting to see the level of demand for finished steel products before buying more scrap, according to market participants."Turkish mills ended their July bookings and will probably wait for a while to see the...Read More

Turkish domestic scrap prices have remained largely stable over the past week, with demand for material being moderate, sources said on Monday July 2.Only one steel mill changed its buy price for auto bundle scrap over the past week, while the rest kept their prices unchanged.Long steel producer ID??, in the Izmir region, increased its buy price for auto bundle scrap by TRY10 per tonne to TRY1,520...Read More

Comex copper prices softened for the fourth consecutive day on July 2 morning in the US, with a stronger dollar keeping base metals pressured.Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 2.10 cents or 0.7% to $2.9450 per lb. The red metal is being pressured by threats of a global trade war due to increasing tariffs. New reports of president....Read More

Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week."[The market is] dead in terms of people actually booking [material...Read More

Key takeaways from Industrial Minerals tenth Lithium Supply & Markets Conference, which took place in Las Vegas on June 26-28.Battery makers and new energy vehicle (NEV) manufacturers seek lower lithium prices, multi-year commitmentsThe world's largest consumers of lithium compounds, such as battery makers and NEV manufacturers, want lower and stable lithium prices. After the shortening of contrac...Read More

Panasonic is looking for consistent and lower lithium prices where all parties, producers as well as consumers, can enjoy adequate profits, according to the company's executive vice president for global procurement. Speaking at Industrial Minerals' 10th Lithium Supply & Markets conference in Las Vegas on Thursday June 28, Masaharu Nagata said Panasonic is willing to make multi-year commitments to...Read More

The export prices for hot rolled coil (HRC) from the Commonwealth of Independent States have stopped growing because trading activity has been slow, Metal Bulletin has heard.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $560-575 per tonne fob Black Sea on July 2, unchanged week on week.Ukraine's Metinvest was heard to have sold HRC at $580 per tonne cfr to Turkey. That wo...Read More

Domestic transaction prices for hot rolled coil (HRC) in the EU are expected to rise after the seasonal summer market slowdown, according to market sources.In addition, prices are expected to remain largely stable in July-August, despite a traditional downtrend in the EU flat steel market during the summer.The positive outlook is based on the likely effects of a preliminary decision in an EU safeg...Read More

July 2, 2018 (Investorideas.com Newswire) Fund manager Adrian Day updates developments at one of his favorite royalty companies, as well as from several other companies in his portfolio.Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$9.30), has been involved in several transactions this week. Arizona Mining, in which OR holds a 1% royalty, is being acquired by Australian miner South 32. Dalradian,...Read More

July 2, 2018 (Investorideas.com Newswire) An Echelon Wealth Partners report explained this company's recently reported assays and why it is a top pick.Ryan Walker, an analyst with Echelon Wealth Partners, reported in a June 26 research note that new drill results revealed additional high grades and extended the mineralization at the A zone of Wesdome Gold Mines Ltd.'s (WDO:TSX) Kiena Deep discover...Read More

July 2, 2018 (Investorideas.com Newswire) Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the fundamentals behind gold and the markets.Gold is the ultimate safe haven, for two simple reasons. First, its total aboveground supply only grows 1.4% per year, no matter what anyone does (and even this rate of increase is starting to fall as production levels have peaked). Second, gold i...Read More

Turkey imported 861,166 tonnes of flat steel in May 2018, up by 12.25% year on year from 696,242 tonnes in May 2016, according to the Turkish Statistical Institute (TUIK).The reason for the increase is strong demand for flat steel in the country in January and February 2018, and most of the orders placed then arriving in the country in May. Turkey also reduced the import duty applied to incom...Read More

US domestic merchant bar prices have risen after early June mill hikes, while import merchant bar prices held steady due to a lack of market activity following the implementation of Section 232 tariffs on steel imports from Canada, Mexico and the European Union.American Metal Market's latest price assessment for US domestic 2x2x 1/4 angle merchant bar rose to $38.05 per hundredweight ($761...Read More

Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe's current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports early this month and, under World Trade Organization rules, it...Read More

The latest metal markets news and price moves for the start of the North American day on Monday July 2.Base metals prices on the London Metal Exchange edged lower during morning trading with ongoing global trade tensions and subsequent dips in equity indexes continuing to deter market investment.Here's how base metals prices looked at 12:29pm London time:Read our live futures report here.Tata...Read More

Turkish steel producers extended their silence in the deep-sea scrap markets on Monday July 2, but are expected to resume buying soon for August deliveries.However, the producers are waiting to see the level of demand for finished steel products before buying more scrap, according to market participants."Turkish mills ended their July bookings and will probably wait for a while to see the...Read More

Pig iron export prices from Brazil remained unchanged last week, with most producers were already sold out amid rebounding domestic demand. Metal Bulletin's weekly price assessment for pig iron exports from Brazil was $390-395 per tonne fob for material from the northern Caraj??s region on Friday June 29, while the assessment for south-eastern Minas Gerais region was $375-380...Read More

 CloseGain/LossGold $1240.20-$12.30Silver$15.85-$0.24XAU81.11-0.60%HUI173.49-0.59%GDM615.97-0.77%JSE Gold1060.20+0.44USD94.99+0.42Euro116.22-0.57Yen90.27-0.10Oil$73.94-$0.2110-Year2.864%+0.009T-Bond144.75-0.25Dow24307.18+0.15%Nasdaq7567.69+0.76%S&P2726.71+0.31%  The Metals: Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a...Read More

President Trump will soon nominate his second Supreme Court justice. The first, Neil Gorsuch, has so perfectly replaced the late Antonin Scalia that it's safe to assume retiring justice Anthony Kennedy's successor will be in the same mold - which is to say formidable and unapologetically conservative. The result will be a solid conservative majority that's more definite and less flexible on the...Read More

By Clint SiegnerPresident Trump is winning on a number of fronts, and American conservatives are feeling better about their prospects than they have for a very long time.Trump supporters are cheering an imminent shift in the balance at the Supreme Court. The President is expected to nominate a justice who respects the constitution to replace the retiring Anthony Kennedy. This legacy promises to...Read More