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LIVE FUTURES REPORT 15/03: LME Ali price shrugs off delivery; base metals dip awaiting key data

March 15, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday March 15, while the market awaited key US data released later today."Just when it looked like the markets were going to make a sustained move yesterday we reverted back to the same discontinuous and choppy price action... All eyes are on the slew of US data to come later," Matt France, Marex Spectr...Read More

GEM signs long-term cobalt supply deal with Glencore to lock in supply

March 15, 2018 / www.metalbulletin.com

Chinese cobalt producer GEM has signed a long-term strategic procurement contract with Glencore, securing more than 50,000 tonnes of cobalt intermediates for the following three years - part of a growing trend of producers looking to lock in supply amid growing global tightness.Shenzhen-listed GEM will purchase 13,800 tonnes of crude hydroxide from Glencore in 2018 and a further 18,000 tonnes and...Read More

Low Asian stainless steel import prices 'prohibit EU base price rises,' Acerinox says

March 15, 2018 / www.metalbulletin.com

The large price gap between European and Asian prices for stainless steel is making it difficult to raise EU base prices, according to Spanish stainless producer Acerinox."Higher European domestic prices would only attract more imports from Asia right now," Acerinox chief executive officer Bernardo Vel??zquez said late last month.Asian stainless steel prices have remained largely stable so far dur...Read More

Japan's NSSMC to acquire Sweden's Ovako, make Sanyo Steel subsidiary

March 15, 2018 / www.metalbulletin.com

Japan's Nippon Steel and Sumitomo Metal Corporation will expand its global presence in special steels markets by acquiring Swedish special steels maker Ovako and making Japanese steel maker Sanyo Special Steel its subsidiary.The major Japanese steel producer intends to acquire Ovako from private equity fund Triton in the first half of the 2018 fiscal year subject to approval from the competition a...Read More

Global stainless steel output up 5.8% in 2017, ISSF says

March 15, 2018 / www.metalbulletin.com

Global crude stainless steel production totaled 48.08 million tonnes in 2017, according to figures released by the International Stainless Steel Forum (ISSF) on Thursday March 15.This was up 5.79% from the revised figure of 45.45 million tonnes produced in 2016.Production in China was 25.77 million tonnes in 2017, up 4.74% from 24.61 million tonnes in 2016.Output in Asia -...Read More

PRICING NOTICE: Correction to EU grade-304 export stainless steel sheet price

March 15, 2018 / www.metalbulletin.com

Metal Bulletin has corrected its March 2 and March 9 price assessments for EU export grade-304 stainless steel cold rolled (CR) sheet (2mm).Metal Bulletin has corrected its price assessment for EU export grade-304 stainless steel cold rolled (CR) sheet (2mm), which was published incorrectly on Friday March 2 and Friday March 9, due to a calculation error.The export grade-304 CR sheet price was pub...Read More

The Northern Miner podcast - episode 95: Back to the mothership

March 15, 2018 / www.northernminer.com

The Northern Miner podcast takes a turn this week as it relocates to our Toronto head office with a new cast of regular hosts including editor-in-chief John Cumming, senior staff writer Trish Saywell, staff writer Richard Quarisa and online editor Adrian Pocobelli.We start with a salute to our Mining Person of the Year for 2017: Sean Boyd of Agnico Eagle Mines. We then move into a quick review of...Read More

Big miners arrive in the DRC to go over new mining code

March 15, 2018 / www.mining.com

Big miners operating in the Democratic Republic of Congo took President Joseph Kabila's word seriously.Less than a week ago, Kabila signed into law a new mining code that raises royalties and taxes on operators. As he did so, the President assured them that their questions around the legal instrument would be resolved through transitional arrangements, mining regulations and agreements, and guaran...Read More

Canadian miner could reopen centenary Idaho mine

March 15, 2018 / www.mining.com

Following the settlement of a longstanding Superfund lawsuit against the owner of the Bunker Hill Mine, the project's Canadian operator might restart works at the site. Toronto-based Bunker Hill Mining Co. told The Spokesman-Review that it would consider reopening the mine on a limited basis by the end of the year, while large-scale production could be possible in about two years.The Canadian mine...Read More

Pinochet's son mining permit application causes controversy in Chile

March 15, 2018 / www.mining.com

Earlier this week the Chilean press learned about an application for a mining concession presented before Quilpu?(C)'s First Municipal Court by Augusto Pinochet Hiriart, the son of former dictator Augusto Pinochet.According to local media, back in February, Pinochet requested a "license to exploit a copper, gold, silver and other minerals" in an area near the city of Quilpu?(C), which is located i...Read More

A Trump-Kim Summit Could Unfreeze Mining Riches on the Korean Border - by Dexter Roberts (Bloomberg News - March 14, 2018)

March 15, 2018 / republicofmining.com

https://www.bloomberg.com/UN sanctions have hurt minerals businesses where China meets North Korea. The talks could change that.Sun Hongtao, the youthful-looking president of Sino-Mining International Ltd., is in a funk, sitting in a cold, empty office in the Chinese town of Changbai in Jilin province. Two miles from where he sits, across the border in North Korea, is the huge Hyesan Youth Copper...Read More

Steve Keen On Trump's Tariffs: A Potential Success?

March 15, 2018 / marketsanity.com

Are Trump's latest tariff's a potential successful long-term strategy or will he crash and burn? Prof. Steve Keen discusses it with Bart Chilton. Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economi...Read More

Lynette Zang: China's Debt Bubble - Is It Popping?

March 15, 2018 / marketsanity.com

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More

Why The U.S. Dollar Will Collapse | Mike Maloney and Stefan Molyneux

March 15, 2018 / marketsanity.com

Michael Maloney is the founder and owner of GoldSilver.com, a global leader in gold and silver sales and is also the author of the bestselling precious metals investment book of all time, "Guide To Investing in Gold & Silver: Protect Your Financial Future."Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold an...Read More

'Skin In The Game' - With Special Guest Nassim Nicholas Taleb

March 15, 2018 / marketsanity.com

New York Times bestselling author of "Skin in the Game" Nassim Nicholas Taleb joins today's Liberty Report to discuss the "interventionistas" who produce chaos everywhere in the name of "doing good." What does it mean to have "skin in the game"? Tune in!Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option transactions and examining 200,000 risk reports, he changed...Read More

GLOBAL RESET WITHIN MONTHS | Jim Willie

March 15, 2018 / marketsanity.com

China and Russia are preparing for a global reset within months, Jim Willie tells Silver Doctors.In this interview, Jim Willie answers viewer questions:- When the stock market crashes sufficiently do you think we'll see panic buying of gold, silver, and cryptos?- I'm an american expat who's made China his home. I own $150 K worth of gold and silver and have a decent holding of CNY. After the USD l...Read More

Obama DOJ Ordered 500,000 Fugitives Deleted From Background Check Database

March 15, 2018 / marketsanity.com

The Obama administration ordered the removal of over 500,000 fugitives with outstanding arrest warrants from the National Instant CriminalContinue...Read More

US says Russia hacks energy grid, critical infrastructure

March 15, 2018 / marketsanity.com

It was a "multi-stage intrusion campaign by Russian government cyber actors who targeted small commercial facilities' networks" Continue...Read More

Stockman: Kudlow 'Spent 30 Years on Wall St. and Got Totally Confused'

March 15, 2018 / marketsanity.com

David Stockman on "After the Bell" (Fox Business Network, March 15, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the...Read More

Stephen Roach: 'Trade deficits don't occur in a vacuum'

March 15, 2018 / marketsanity.com

Stephen Roach, former Morgan Stanley Asia chair, weighs in on National Trade Council Director Peter Navarro's comments to CNBC about trade and the economy.?>>?Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most re...Read More

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