Export prices for Southern European rebar have widened downward by ?,?5 per tonne week-on-week amid continued low market activity, sources told Metal Bulletin on Wednesday April 18.Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?470-485 ($581-600) per tonne fob main ports on Wednesday, compared with ?,?475-485 per tonne on April 11.The assessment widened downward...Read More
Marshall says in preparation to crash the world economy this July, the commercials have to reign in the spec shorts. Here's an update on today's action...by Marshall Swing of The Church of ActsBeen busy the last few days and just taking a few moments to update folks on what is going on in silver and gold. And still hoping I get some time in the next few days to write that article giving more ins...Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe have widened downward week-on-week, with Italian mills adjusting their offers amid low Turkish import prices, sources said on Wednesday April 18.Southern European domestic prices for mesh-quality wire rod widened downward by ?,?10 per tonne over the week to ?,?530-560 ($656-693) per tonne delivered on April 18, com...Read More
Oil has been rising of late, and Saudi Arabia couldn't be happier. According to sources who spoke to Reuters, Saudi Arabia would be happy to see crude rise to $80 Continue...Read More
SD Midweek Update: Gold & silver are rallying into the open. Here's what to look for today and going into the end of the week...Silver has shown strength overnight and into this morning:If we can get a close above $17 today, that would be very bullish.Why?Well, silver has been stuck in this miserable channel for months on end:Overnight with follow through this morning, silver has broken through th...Read More
SHANGHAI, Apr 18 (SMM) – As the China-US trade war worsened, stock prices of Chinese minor metal producers dropped for the most part on Wednesday April 18 at Shanghai and Shenzhen Stock Exchanges, SMM learned. This marked a fifth day's dip in a row, and prices approached record two-month lows, with the biggest drop at 2.6% this morning. Last week, prices of antimony ingots...Read More
Prices for rebar produced and delivered in Northern Europe have weakened by ?,?5-10 per tonne over the past week, with activity remaining subdued, market participants told Metal Bulletin on Wednesday April 18.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe fell to ?,?540-560 ($668-693) per tonne delivered on Wednesday, compared with ?,?545-570 per tonne delivered on...Read More
SHANGHAI, Apr 18 (SMM) – Prices of residential property in China’s first-tier cities continued to decline on the year in March, while prices across second- and third-tier cities rose at a slower rate, data from the National Statistics Bureau showed. In first-tier cities, prices of new and resale homes in March fell 0.6% and 0.1% on the year, respectively. The data covere...Read More
Turkish steel producers have booked more deep-sea scrap for May deliveries, but prices fell amid weak finished steel markets, sources said on Wednesday April 18.One steel producer booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne and 15,000 tonnes of shredded at $360 per tonne cfr, late on Tuesday April 17. The cargo was scheduled to be shipped in the second hal...Read More
However in the same update, the company said its four-year-old Josnitoro joint venture in Peru with Hochschild Mining had been terminated after Lupaka was unable to reach a community agreement for exploration by March.Read More
Silver's popping today. Which is what people following the futures market action have been expecting for several months now.Continue...Read More
SHANGHAI, Apr 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 89.4 from a low of 89.215 overnight. Most base metals rose. SHFE copper and nickel dipped, zinc rose over 1%. LME aluminium, zinc, and tin went up over 1%, lead and nickel inched up slightly. Only copper edged down.China’s gr...Read More
The seaborne iron ore market continued to pick up strength on Wednesday April 18 on a fixed-price basis though premiums for index-linked cargoes continued to soften.Metal Bulletin 62% Fe Iron Ore Index: $65.88 per tonne cfr Qingdao, up by $1.37 per tonneMetal Bulletin 58% Fe Premium Index: $53.10 per tonne cfr Qingdao, up by $0.88 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83.90 per tonne cfr...Read More
Centennial, Colorado, April 18, 2018 - Westwater Resources, Inc. - (NASDAQ: WWR) a diversified and growing developer of energy minerals and materials, is pleased to announce the completion of a Technical Report on its Ambrosia Lake Uranium Project, which is located in McKinley County in the State of New Mexico. The Technical Report is available on the Company's website: www.WestwaterResources.net,...Read More
Rio Tinto is expecting its Canadian iron ore pellet and concentrate output to drop this year but is maintaining its guidance for its Australian iron ore and coking coal operations.Pilbara iron oreThe miner shipped 80.3 million tonnes of iron ore on a 100% basis from its Pilbara operations in Western Australia in the first three months of 2018, up 5% from a year earlier but down 11% in comparison w...Read More
Sentiment mixed as April trading slows. Manufacturers concerned abouttight profit after De Beers raised prices average 1% to 2% at $520M sight.Indian liquidity squeezed as banks reexamine diamond loans. Rough pricessupported by limited 2Q availability. De Beers increasing supply to southernAfrica beneficiation centers. Rising expectations for US demand ahead of LasVegas shows. Chinese retail impro...Read More
(IDEX Online) - Stuller, Inc. has announced a new strategic service arrangement with GIA (Gemological Institute of America) by offering GIA's Melee Analysis Service inside its global headquarters in Lafayette, Louisiana. Melee used at Stuller's facility will be screened on-site by GIA staff independently operating the GIA-owned analytical instrumentation in a dedicated, secured space. &nbs...Read More
But while the landscape is far rosier for explorers seeking finance than it was in the downturn, it is by no means free of rocky ground.Read More
Iranian export semi-finished steel prices went largely unchanged in the week ended Wednesday April 18 because of the lack of activity in the market.Metal Bulletin's weekly price assessment for Iranian billet exports was $495-505 per tonne fob on April 18, unchanged week on week.Several cargoes were reported sold to...Read More