China's import and export volumes for major steelmaking raw materials largely shrank month on month in the short month of February amid the Lunar New Year break. Read More
Trading activity in the physical iron ore market remained thin on Monday March 26 although prices appeared to have gained some stability.Key driversChina's benchmark steel and iron ore futures contracts closed 1.9-2.8% lower in comparison with their settlement prices last Friday, though on a close-on-close basis, the latter ended a bit higher.The signs of stabilization discouraged sellers of iron...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 26*Copper -$111.19 (-702.99 yuan) Aluminium -$396.12 (-2,504.36 yuan) Zinc -$54.55 (-344.90 yuan) Nickel -$413.39 (-2,613.58 yuan) *Metal Bulletin calculates the physical...Read More
China's plunging steel prices are stoking the bearish sentiment among buyers over prices for steelmaking raw materials. Domestic rebar prices in China had entered the month of March above 4,000 yuan ($633) per tonne. Metal Bulletin's assessment of domestic prices for rebar in east China was 3,410-3,500 yuan per tonne on Monday March 26, compared with 4,080-4,120 yuan per tonne on March 1.A steel m...Read More
Market participants have said that a credit squeeze in India will lead cadmium prices to stabilize at current levels.The end of the fiscal year has also meant that companies are putting off purchases until next month. The new fiscal year in India begins on April 1.Metal Bulletin assessed the 99.95% cadmium quotation at 155-170 cents per lb on Friday March 23, up from 150-170 cents per lb on W...Read More
Market participants believe that the vote in the US International Trade Commission (ITC) on Friday March 23 - against the imposition of silicon import duties on material from Australia, Brazil, Norway and Kazakhstan - will help to raise silicon prices in Europe.But they also believed that the price rise would be subdued, because prices in China were weakening.Metal Bulletin assessed the price of g...Read More
The LBMA Gold and Silver prices will no longer be available in the public domain or on the FastMarkets platform with respective delays of 30 minutes and 15 minutes from April 3.Instead, these delayed prices will be published in the public domain at midnight on the date of...Read More
The Chinese silicon export market continued to weaken over the past week due to soft demand, while prices in the European market were unchanged.Metal Bulletin assessed the Chinese grade 553 silicon export price at $1,960-2,000 per tonne on Friday March 23, down from $1,980-2,030 per tonne in the prior week, with sellers lowering their offer prices to entice business from otherwise uninterested buy...Read More
Summary of China's minor metals exports and imports in February 2018.Unwrought bismuth metal exports Month total: 224 tonnes On month: -34.88% On year: +53.93%* Wrought bismuth metal exports...Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time.In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up by...Read More
The European Commission (EC) launched a safeguard investigation on Monday March 26 into 26 steel product types in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU market."[The investigation] concerns products of all origins, and its opening does not prejudge its results," the EC said. "However, the procedure may result in the imposition o...Read More
South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More
A summary of China's base metal imports figures in February 2018.Refined copper Month total: 229,611 tonnes On month: -27% On year: -1.82% Copper ore and concentrates Month total: 1.45 million tonnes On month: -10.44% On year: +1.57%* Copper scrap Month total: 129,817 tonnes On month: -35.06% On year: -52.44% Aluminium Month...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Silver producer Hecla Mining (NYSE: HL) is taking Montana environmental regulators to court for labelling the company and its top executive as "bad actors," while giving them 30 days to iron out a complaint that accuses them of violating the state's mine clean-up laws.The Montana Department of Environmental (DEQ) notice to the company, which could require it to pay up to $30 million, focuses on s...Read More
Shares in Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) received a fresh boost on Monday, after it said it had found "strongly mineralized" extensions at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The discoveries, the Australian miner said, are predicted to significantly increase Cascabel's high-grade resource tonnage. The project, located on th...Read More
https://www.bloomberg.com/"Ramaphoria" boosted the rand and revived investor sentiment on South Africa. But deep underground in the country's platinum mines, there's very little cause for optimism.Producers in South Africa, which accounts for about 70 percent of the world's mined platinum, are closing shafts and cutting thousands of jobs as a stronger rand combines with stagnating prices for the m...Read More
Mar 27, 2018 Guest(s): Robert Kiyosaki Holding real gold is the best way to have steady income, says Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad" and his latest book "Why The Rich Are Getting Richer. "Kiyosaki has been a self-proclaimed gold bug since 1972, and in his latest interview with Kitco News, he explained his journey with the yellow metal, from his first foray into gold...Read More
An explorer in Sonora, Mexico, receives land adjacent to its current property, and increases its land package six-fold. Aztec Minerals Inc. (AZT:TSX.V; AZZTF:OTCQB) was recently awarded two new mineral concessions of 3,149 hectares from a Mexican government land lottery. The land is adjacent to the company's Cervantes project in Sonora and expands its land package six-fold.The company noted that...Read More
Posted: Mar 26, 2018JK: Discovery Watch Mar 26, 2018 with Jim Goddard and John KaiserPublished: Mar 26, 2018HSC: Discovery Watch Mar 26, 2018: Blockchain Taking the Taint Off CobaltDiscovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. The p...Read More