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

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

Prices for iron ore lumps remained strong on Monday July 2 despite a few transactions involving fines being concluded below prevailing levels.Metal Bulletin 62% Fe Iron Ore Index: $64.54 per tonne cfr Qingdao, down $0.48 per tonne Metal Bulletin 58% Fe Premium Index: $51.92 per tonne cfr Qingdao, up $0.42 per tonne Metal Bulletin 65% Fe Iron Ore Index: $91.60 per tonne cfr Qingdao,...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 100,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.38 per tonne cfr China, laycan July 17-26.Rio Tinto,...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Futures responded to growing concerns about a trade war after the European Union threatened to impose tariffs valued at $300 billion against U.S. goods.Adding to futures weakness was the presidential election in Mexico of left-leaning Lopez Obrader.Constellation Brands dropped $1.24 to...Read More

Seaborne coking coal spot prices were largely stable on Monday July 2 despite some offers being made above prevailing levels, which kept end-users away from the market. "The offers are not representative of the current market. Prices were propped up after last week's trade [of $211 per tonne cfr China]," a Chinese trader told Metal Bulletin. An end-user source said that the current market was arti...Read More

China's domestic and export prices for hot-rolled coil weakened on Monday July 2 with trading activity remaining thin, sources told Metal Bulletin.DomesticEastern China (Shanghai): 4,240-4,270 yuan ($640-645) per tonne, widened downward by 20 yuan per tonneNorthern China (Tianjin): 4,130-4,180 yuan per tonne, widened downward by 40 yuan per tonneWhile traders in Shanghai were asking for 4,260-4,27...Read More

In my view, the rout in EM currencies is due for a sharp technical reversal.To understand this coming EM currency rally, we need to understand some fundamentals about foreign exchange markets in general. After decades of studying stock markets and foreign exchange markets, I’m amazed that most analysts still don’t see the fundamental difference between the two.In stock markets, movemen...Read More

The global downtrend in antimony prices continued last week amid weakening demand.In Europe, prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam moved down to $7,900-8,150 per tonne on Friday June 29 from the mid-week assessment of $8,000-8,250 per tonne.The MMTA standard grade II antimony in-warehouse Rotterdam price was stable at $7,900-8,150 per tonne...Read More

PRIVATE BLOG – June Closings 2018Read More

The dollar constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions.So the dollar's strength or weakness can have an enormous impact on global markets.Using the Fed's broad real trade-weighted dollar index (my favorite foreign exchange metric, much better than DXY), the dollar hit an all-time high in March 1985 (128.4) and hit an all-time low in J...Read More

A continuous rise in the dollar against the Chinese yuan has put downward pressure on Chinese silicon export quotations this past week, while prices in Europe retreated amid a seasonal lull.Metal Bulletin assessed Chinese grade 553 silicon export prices at $1,710-1,760 per tonne on Friday June 29, down 2% from $1,740-1,800 per tonne one week ago. Consensus among market participants is that quotati...Read More

Let's step back and look at the big picture.This market is currently just two months away from earning the title of the longest bull market in history.That's right. The "post-crisis bull run," as it's being called, is in its 112th month, right on the tails of the 114-month bull market from October 1990 to March 2000.Since the bottom in 2009, the S&P 500 has returned over 300% with an annualize...Read More

Metal Bulletin is proposing to launch a price assessment for ferrous scrap on a cfr Vietnam basis, to be published as a $ per tonne range every week.Following an initial consultation with the market, it has become clear that Vietnam is fast becoming a key price indicator for the ferrous scrap market in Asia, and will likely become a crucial benchmark in the region. Its importance has grown to matc...Read More

TORONTO, June 29, 2018 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation ("Amarillo" or the "Company") (TSX.V:AGC) today announces the entry into an agreement for sale of a perpetual 1.75% Net Smelter Return Royalty on the Mara Rosa gold project (the "Royalty Agreement") to RG Royalties, LLC, a wholly-owned subsidiary of Royal Gold, Inc. (NASDAQ:RGLD) ("Royal Gold"), for USD $10.8 million (approximat...Read More

Mines alumna Sabre Cook '17, a rookie in the Cooper Tires USF2000 Championship powered by Mazda, recently spoke with IndyCar.com about her background in mechanical engineering and how it has influenced her racing career.From the article:Cook earned her degree in December and sees the benefits of the education to her racing career."It allows me to communicate better with our engineers. It's nice to...Read More

A computer science professor at Colorado School of Mines is contributing to a collaborative research project that aims to pinpoint and resolve scalability issues in the software stack of multi-core and many-core hardware.Assistant Professor Bo Wu will receive $499,891 in funding from the National Science Foundation's Scalable Parallelism in the Extreme (SPX) program for his part of the collaborati...Read More

Colorado School of Mines, in partnership with GE, welcomed 40 local middle-school girls to campus last week for a free, weeklong summer camp about science, technology, engineering and math (STEM) and CBS4 Denver was here to cover the story. Launched in 2011, GE Girls Camp is designed to spark girls' interest and enthusiasm in the STEM fields through fun, hands-on activities led by female role mo...Read More

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Jul 03, 2018 Guest(s): Chris Mancini Mining Analyst, Gabelli Funds Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds. "I think what ultimately drives the gold price higher will be the Fed pausing and then the market pricing in the Fed easing. A...Read More