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

The latest bids, offers and deals in the global markets for ferrous scrap products. Latest transactions: HMS, shredded, bonus, railTurkey, import, 15,000 tonnes of HMS 1&2 (80:20) traded at...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

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, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $64.13 per tonne cfr China, laycan May 4-13.Rio Tinto, 170,000 tonnes of 61% Fe Pilbara Blend...Read More

Seaborne coking coal prices fell further on Wednesday April 18 amid subdued demand for the steelmaking raw material. Half a Panamax cargo of a top Australian brand changed hands at $199.50 per tonne cfr China while the other half was traded against an index, sources told Metal Bulletin during the day. A similar product was heard offered at $198 per tonne cfr China on Wednesday. A cargo of premium...Read More

Nickel premiums in Shanghai fell to their lowest since July 2017 on a bigger negative arbitrage and concerns over potential sanctions on Nornickel, with US premiums stable on strong demand and Europe premiums unchanged while traders watch for potential sanctions. Chinese nickel premiums fall to nine-month low on concerns of potential sanctions  Nickel premiums stable, with participants watchi...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 18*Copper -$98.37 (-619.99 yuan) Aluminium -$657.29 (-4142.78 yuan) Zinc -$59.67 (-376.12 yuan) Nickel -$1398.47 (-8814.25 yuan) * Metal Bulletin calculates the...Read More

The market for cobalt sulfate is becoming more mature, market participants said on the sidelines of Metal Bulletin's Battery Materials Conference, in Shanghai, which is being held Wednesday-Thursday April 18-19.Emerging traders are getting involved in the spot market and are showing extensive interest in considering the commodity as an investment material, just like cobalt metal, they added.Cobalt...Read More

Base metals prices on the London Metal Exchange are on divergent paths so far this morning, Wednesday April 18, despite the strong risk sentiment seen across wider financial markets following solid earnings results and the surprise monetary easing announced by China's central bank. Nickel (+3.5%), Aluminium (+1.2%) and copper (+0.7%) are trading positively, while the rest of the complex was down b...Read More

The Taiwanese authorities have initiated anti-dumping and countervailing duty investigations into imports of various Chinese steel products, as part of an attempt to be exempted from United States Section 232 import tariffs.The anti-dumping probe involves Chinese imports of stainless hot-rolled and cold-rolled carbon steel, according to an April 17 statement by the territory's Ministry of Finance....Read More

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 18:Aluminium scrap Group 1 pure 99% & litho: ?1,390-1,440 per tonne from ?1,360-1,410 Commercial pure cuttings:...Read More

Following the Castilla-La Mancha government's rejection of its rare earth project near the Campo de Montiel county in central Spain, Quantum Miner?-a is now asking the Guadiana river Hydrographic Confederation for a permit to explore groundwater 200 metres deep, where the company believes there is monazite.The rare earth element, commonly found in placer deposits, is used in the manufacturing of e...Read More

Melbourne-based Davenport Resources (ASX: DAV) reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence, located in Germany's South Harz region.Ebeleben, which covers 38.8 square kilometres, is one of three perpetual mining licences in the South Harz Basin that Davenport acquired recently from the government a...Read More

http://www.kitco.com/(Kitco News) – One of Canada's most renowned gold mining companies is wading into the base metals sector, particularly zinc, as prices continue to trade near their highest level in more than ten years.Osisko Metals is celebrating its first year of operation as it continues to develop two of Canada's most prominent past producing zinc mining camps.The Osisko brand is more...Read More

With the silver market leading the way for precious metals today there are some very encouraging signs for the sector. We are not seeing any breakouts yet but let's watch where the markets close this week. Jordan Roy-Byrne, Founder of The Daily Gold joins me to share some of the factors that have him encouraged by the moves over the past couple weeks.Jordan Roy-Byrne, CMT is a Chartered Market Tec...Read More

Editor's Note: Doug Casey is a legendary contrarian. He's made millions speculating in beat-up markets. Some of those opportunities have passed. But, as Continue...Read More

Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downsideContinue...Read More

(IDEX Online) - The De Beers Group has announced that it is preparing to pilot a program called GemFair to create a secure and transparent route to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds.   GemFair will use dedicated technology to record ASM production at mine sites that meet demonstrable ethical standards, with the aim of purchasing of rough diamonds from...Read More

Silver has been about as dull as it gets for years now. You wouldn't know by looking at a price chart, but that is poised to change.Look at the trading being done by one of the largest market movers in silver, and you'll see some puzzling mixed signals.Dig deeper into the supply and demand fundamentals, and it starts to make sense.While bearish positions are hitting records, the underlying market...Read More

Apr 20, 2018 Guest(s): Jeffrey Christian Unless there is a much more negative economic view from investors' consensus, then gold is unlikely to break out of its current trading range, said Jeff Christian, managing partner at CPM Group. "It's going to take higher interest rates to move gold higher," Christian told Kitco News on the sidelines of the IPMI Precious Metals Mobility Symposium.Christi...Read More