The base price assessments for flat stainless steel products in Europe narrowed downward by ?,?20 per tonne this week due to pressure from cheap imports and high stock levels, sources told Metal Bulletin on Friday April 6.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,110 ($1,287-1,360) per tonne delivered in Northern Europe o...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday April 6:Aluminium scrap Floated Frag: ?,?1,255-1,275 per tonne from ?,?1,260-1,280 Cast:...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan were stable this week due to a trading lull that resulted from consecutive public holidays.Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) sold into Taiwan was $340-345 per tonne cfr for the week ended Friday April 6, unchanged from a week earlier.Price negotiations were limited to only the fi...Read More
Appetite for copper-mining assets is picking up after prices climbed in 2017 to the highest level in seven years, amid disruptions that worsened a shortfall in supply. The metal rally, however, has weakened since prices climbed to a three-year high in late December, and prices could become volatile unless the industry solves what Colin Hamilton, director of commodities research at BMO Capital Mar...Read More
A 6.16-carat blue diamond that was secretly passed down through European royalty over three centuries is going on sale for the first time in May.The pear-shaped, dark grey-blue gem, known as The Farnese Blue, is believed to be one of the most important historical diamonds left in private hands, Sotheby's said.Expected to fetch between $3.7 and $5.3 million when it goes under the auction house's ha...Read More
The president of the Pan-Amazonian Ecclesial Network, Mgr. Jos?(C) ??ngel Divasson, hosted a press conference today where he presented the Catholic Church's position regarding the exploitation of mineral resources in Venezuela's southeastern Guayana region. Divasson, who also is the vicar apostolic of the Amazonian town of Puerto Ayacucho, said that not only the church but the entire world is worr...Read More
Following the announcement of its intentions to acquire the Kandiole-North and the Kandiole-West permits, RosCan Minerals (TSXV: ROS) said that now it wants to buy the 65-square-kilometre Segando-South and the 32-square-kilometre Moussala-North permits, all located in western Mali."With the acquisition of these additional permits, RosCan's Kandiole Project will consist of approximately 164 sq. km....Read More
http://business.financialpost.com/Vancouver's Teck Resources is buying out a minority partner in a major copper project in Chile at a cost that could reach as high as $262.5 million.The total price tag, however, will depend on copper prices - often considered a barometer for global macroeconomic growth because it is used in so many products - and which at the moment are sliding as the U.S. and Chi...Read More
By Ira EpsteinGold prices up into the weekend but industrial metals down.https://www.iraepstein.com/ Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
By Ira EpsteinGold prices up into the weekend but industrial metals down.https://www.iraepstein.com/ Read More
Continue...Marin Katusa has worked directly with and financed many companies of well-known individuals in the resource industry and has become one of the most trusted and well connected dealmakers in the junior resource sector. During this time, he has become one of the most successful portfolio managers in the resource sector, such as his 2009 Fund Partnership (KC50 Fund, LLC) which has outperfor...Read More
There are four major factors driving the market. The factors are growth, trade wars, geopolitics and regulation of technology.Continue...Read More
African-American unemployment has never been this low and the spread between African-Americans and whites is narrowing.Continue...Read More
Brazilian slab export prices remained unchanged this week, with few offers heard, but producers were reported to be hoping for a new increase in offers for May-production batches.Metal Bulletin's weekly assessment of Brazil export slab prices was unchanged on Friday April 6, at $580-590 per tonne fob.Demand for slab was reported to be increasing, with buyers in Europe and Southeast Asia returning...Read More
Iron ore output in Peru grew 41.2% year on year in February, according to figures released by the country's mining ministry, MEM, late on Wednesday April 4.Production came to 942,042 tonnes, compared with 667,313 tonnes a year before.This rise was due to increased output at Shougang Hierro Per??, a subsidiary of China-based Shougang Group, as well as...Read More
Offers for Brazilian slab will likely increase in April on sellers' optimism despite growing resistance from buyers, after the United States temporarily delayed its Section 232 import tariffs on Brazil. But in Asia, slab prices are expected to remain steady or even decline slightly on sluggish trading and weakness in upstream and downstream segments, while products from the Commonwealth of Indepen...Read More
While hybrid and electric vehicles (EV) continue to grow in popularity, is there enough charging infrastructure to sustain the UK's electric dreams, Lord Copper asks.Over the past few weeks, I have been conducting a straw poll about the subject of hybrid and pure electric vehicles.No statistician would work from the arbitrary sample I have but, that proviso aside, I have found most reactions to be...Read More