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Gold Is "Cheapest" Market In the Entire World - Ivan Bebek

March 05, 2018 / marketsanity.com

"Once the retail public sees $1,400 gold, you'll see an onslaught of investors coming back to the space, and I think from there, it's a pretty big springboard that's been pushed down in the last six years."Read More

IRON ORE PRICES: Benchmark index falls to $77 per tonne cfr China

March 05, 2018 / www.metalbulletin.com

Iron ore prices fell on Monday March 5 after China's ferrous futures weakened across the board.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.03 per tonne cfr QingdaoDaily change: down by $1.31 per tonneMonth-to-date average: $78.25 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.78 per tonne cfr QingdaoDaily change: down by $0.89 per tonneMonth-to-date average: $61.50 per tonneMetal....Read More

Will The Trump Trade Tariffs Send The Market Into A Tizzy?

March 05, 2018 / news.goldseek.com

By Avi Gilburt Each week, I believe the silliness being espoused as to what moves the market reaches a climax. Yet, the following week somehow always proves me wrong.Two weeks ago, I noted how the pundits claimed the market dropped because of rising rates, but when the market rallied, the same pundits claimed that it was rallying because of rising rates.Around the same time, these same pundits t...Read More

CIS STEEL BILLET: Prices reach five-year high, availability limited

March 05, 2018 / www.metalbulletin.com

CIS export billet prices continued to climb in the week ended Monday March 5, supported by strong demand in most sales outlets as well as reduced availability of material and rising scrap costs.Metal Bulletin's export CIS Billet Index was $534 per tonne fob Black Sea on March 5, up by $14 per tonne week-on-week. This took the index to its highest value since January 2013, according to Metal Bullet...Read More

Second Drill Rig Mobilized at Zinc One's Bongara Mine Project, Peru; Future Exploration Strategy Outlined

March 05, 2018 / news.goldseek.com

Vancouver, BC - March 5, 2018 - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZOF; Frankfurt: RH33 - "Zinc One" or the "Company") is pleased to provide an update on the current drill program at its Bongar? Zinc Mine project located in north-central Peru. As previously reported (see Company news release dated December 13, 2017), the Peruvian Ministry of Energy and Mines approved 124 drill pl...Read More

CHINA REBAR: Domestic prices fall further on futures losses

March 05, 2018 / www.metalbulletin.com

China's domestic rebar prices moved down further on Monday March 5 on futures losses. Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($630-638) per tonne, down 50-60 yuan per tonne Northern China (Beijing): 4,050-4,080 yuan per tonne, down 50 yuan per tonne A weak futures market led to bearish sentiment, and this, coupled with soft demand, pushed down spot prices. Hig...Read More

Gold Resource Corporation Announces 2018 Annual Meeting of Shareholders

March 05, 2018 / news.goldseek.com

COLORADO SPRINGS, CO., March 05, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today that it will hold its annual meeting of shareholders at 8:00 a.m. Mountain Time on Friday, June 22, 2018 at Embassy Suites located at 10250 East Costilla Avenue, Centennial, CO 80112. Gold Resource Corporation is a gold and silver producer, developer and...Read More

GLOBAL FERRO-SILICON WRAP: Chinese price slips amid slow trade; Europe, US markets quiet

March 05, 2018 / www.metalbulletin.com

The Chinese ferro-silicon market dropped on Friday March 2, with one major tender signaling a slower return in demand from Chinese consumers after the recent national week-long holiday. Chinese steel tenders signal shift in demand  Other consumer markets also dropped  European market moves sideways, eyes March business  US steady on reduced imports Chinese domestic ferro-silicon pr...Read More

Rush for cobalt, lithium as prices stay on the boil

March 05, 2018 / www.mining.com

A little heat has gone from the market for battery materials but the sector's very much still on the boil.Last week cobalt quoted on the LME retreated from 9-year peaks to finish below $80,000 a tonne for the first time since mid-January. But the price of the metal – now constituting less than 50% of global cobalt production – is still up 64% compared to March last year.Lithium carbona...Read More

GLOBAL MANGANESE WRAP: Low-grade ore prices breach $8 in China on higher producer offers

March 05, 2018 / www.metalbulletin.com

Low-grade manganese ore prices sailed through the $8 per dry metric tonne unit (dmtu) mark on Friday March 2 in China after producers ratcheted up their offers and on continued demand. Low-grade ore prices exceed $8 per dmtu in ChinaHigh-grade ore market lags in thin tradingSmelter backlash fails to slow rallyAlloy prices hold in most regionsUS ferro-manganese prices edge higher Low-grade mangane...Read More

Asian Metals Market Update: March-5-2018

March 05, 2018 / news.goldseek.com

The Italian election will have an impact on the euro and will also affect decision making among Eurozone members. Merkel gets a fourth term in Germany. I do not foresee a sustainable government in Germany. Merkel's pro migrant chant will reduce if she needs to stay in power. Even new Italian leaders will support the need to take in less migrants. Less migrants implies less chaos and lawlessness...Read More

SMM Evening Comments (Mar 5)

March 05, 2018 / news.metal.com

SHANGHAI, Mar 5 (SMM) – Nonferrous metals futures on the SHFE dropped for the most part today except for tin, which inched up slightly. Zinc fell over 2%, aluminium slid over 1%, while copper and lead edged down.Ferrous metals fell across the board with iron ore leading the slump and closing 4% lower. Coke dropped over 2%, rebar and hot-rolled coil slipped over 1%, and coking coal fell sligh...Read More

CHINA STEEL MARKET INSIGHT: Holiday effect distorts outlook

March 05, 2018 / www.metalbulletin.com

Growth in the Chinese manufacturing sector slowed significantly in the first two months of 2018, and coupled with falling figures for car and house sales the outlook would appear to be far from positive.With a large portion of the year so far having been taken up by official holidays, however, the overall health of China's economy is clearly distorted right now, so it is difficult to draw any clea...Read More

CHINA STEEL MARKET INSIGHT: Holiday effect distorts outlook

March 05, 2018 / www.metalbulletin.com

Growth in the Chinese manufacturing sector slowed significantly in the first two months of 2018, and coupled with falling figures for car and house sales the outlook would appear to be far from positive.With a large portion of the year so far having been taken up by official holidays, however, the overall health of China's economy is clearly distorted right now, so it is difficult to draw any clea...Read More

Rio Tinto Slashes Argyle Outlook

March 05, 2018 / www.diamonds.net

RAPAPORT... Rio Tinto has lowered its estimate of diamonds it can viably extract from the Argyle mine, after experiencing operationaldifficulties and reducing its price forecast. The asset's ore reserves slumped 45% to 16 million tonnes atthe end of 2017 versus a year earlier, the company said in a statement lastweek. That translates to 38.5 million recoverable carats, at a grade of 2.4carats...Read More

China's daily crude steel output rises in early February

March 05, 2018 / www.metalbulletin.com

China's major mills raised their crude steel output rates in early February, while their inventories for finished products decreased. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7847 million tonnes per day during the first 10 days of February, up 27,900 tonnes - or 1.6% - from 1.7568 million tpd during the last 11 days of January,...Read More

DMCC to Hold Seventh Annual Dubai Precious Metals Conference

March 05, 2018 / www.idexonline.com

(IDEX Online) - The Dubai Multi Commodities Centre (DMCC), a leading global free zone for commodities trade and enterprise, has announced that it will hold the 7th edition of its industry-leading annual Dubai Precious Metals Conference (DPMC) on 9 April at The Westin Hotel, Habtoor City, Business Bay.   The annual conference aims to bring a fresh global outlook on the precious metals sector a...Read More

Stellar trusting Newfield deal to provide Tongo-Tonguma funding

March 05, 2018 / www.miningweekly.com

JOHANNESBURG (miningweekly.com) - Aim-listed Stellar Diamonds has, over the past six months, continued to focus on sourcing the necessary funding to bring its Tongo-Tonguma project, in eastern Sierra Leone, into production."The capital markets in the UK have proven extremely difficult to raise funds for junior mining companies in recent years. Further, the market capitalisation of Stellar dur...Read More

DPA Eyes Chinese Millennial Market

March 05, 2018 / www.diamonds.net

RAPAPORT... The Diamond Producers Association (DPA) unveiled its China marketing program at the recent Hong Kong International Jewellery Show, as it plans to launch in the country in July.The DPA's "Real is Rare, Real is a Diamond" initiative, which has already launched in the US and India, is the industry's first generic-marketing initiative in 10 years. The DPA hopes to appeal to the millen...Read More

Antwerp Diamond Sector Joins Forces With CARAT+ 2018 Show

March 05, 2018 / www.idexonline.com

(IDEX Online) - Easyfairs, the organizer of CARAT+, has announced a partnership with the Federation of Belgian Diamond Bourses (FDBD) and the Antwerp World Diamond Centre (AWDC) for the second edition of the show from May 6-8.   Under the agreement, Easyfairs and the Antwerp diamond sector "will combine their efforts to continue to build an ambitious vision for the future of the internationa...Read More

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