India's import ferrous scrap markets have continued their strong start to the year with prices for containerized material rising amid continued good demand and reduced volumes being offered for sale, sources said on Friday February 16.Prices in the key Turkish import scrap market increased this week, which served both to help sentiment in India, and to create caution among sellers when considering...Read More
Turkish steel producers went through Friday February 16 making no deep-sea bookings, but they are still expected to book more scrap for March, according to market sources.The steel producers in Turkey booked a number of deep-sea cargoes throughout the week and prices have gone up slightly.On February 15, three steel mills booked deep-sea cargoes at around $353 per tonne...Read More
Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16. Output came to 1.42 million tonnes from October to December, compared with...Read More
Lead recycler Recylex's 2017 revenue rose almost one-fifth to ?,?450.3 million ($564.1 million) from a year ago due to soaring lead and zinc prices.Sales of lead, which accounts for over 70% of Recyclex's total revenue, rose 16% to ?,?324.1 million on strong lead prices and improving production last year, according to the company statement. During 2017, average lead and zinc prices in Europe rose...Read More
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 16 with prices holding firm near fresh 2018 high levels. The three-month copper price has rallied back above $7,200 per tonne with the rally underpinned by a weaker dollar - the dollar index is now back below 89.00. Copper is now trading just $10 off its 2018 high of $7,262 per tonne - but...Read More
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday. Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) at $7,217 per tonne, with nickel and tin prices up 0.35 and zinc little changed. With the...Read More
Key data from the Friday February 16 pricing session in EuropeMercury MB free market $ per flask in warehouseKey drivers - Supply has fallen as a result of the Minamata Convention that came into force...Read More
The following Metal Bulletin minor metals prices changed on Friday February 16:Minor metals Arsenic MB free market, $/Ib: $0.70-1.05 per Ib from $0.90-1.25 Cadmium MB free market min 99.99%, cents/lb: 122-142 cents per lb...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday February 16:Aluminium ingot Duty paid delivered works pressure diecasting ingot...Read More
Subscribe, rate and follow us on SoundCloud, iTunes, YouTube, Google Play, Stitcher or RSS Feed!We’re going high-tech this week with a focus on technology minerals and an update on the cobalt market. Matt is joined by Cobalt 27 Capital (TSXV: KBLT) chairman and CEO Anthony Milewski to discuss the global conversation around renewable energy and recent developments in the sector (8:55)...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, which has been hit hard by a long-running dispute with the government of the East African nation, is mulling the sale of stakes in some or all of its operations in that country.In response to media speculation on the matter, the company said it was "engaging with a small number of potential investors" over the potential deal, adding it ad...Read More
Japanese trading house Mitsui & Co. is increasing its stake in Chile's Collahuasi copper mine, also owned by Anglo American and Glencore (44% each), but has decided to sell its 1.25% stake in the Los Pelambres mine, Antofagasta's (LON:ANTO) flagship asset.Mitsui has agreed to acquire JX Nippon Mining & Metals' 3.6% interest in Collahuasi, which takes its total stake in the mine to 11.03%...Read More
Brazil's Vale (NYSE:VALE), the world's No.1 iron ore miner, said Friday that output of the steelmaking material hit a fresh record high in 2017 thanks mainly to the outstanding performance of its so-called northern system, even though seaborne sales were a tad lower than in 2016.The Rio de Janeiro-based company said total iron ore production last year reached a record of 366.5 million tonnes, as...Read More
https://www.reuters.com/LONDON, Feb 16 (Reuters) – Nickel has enjoyed a blistering start to 2018. On the London Metal Exchange (LME) three-month nickel has this week punched up through the $14,000 level for the first time since May 2015 to hit a Thursday high of $14,420 per tonne.It has gained 10 percent since the start of the year and has bounced 34 percent from its December low of $10,740...Read More
Posted: Feb 16, 2018JK: Discovery Watch Feb 16, 2018 with Jim Goddard and John KaiserPublished: Feb 16, 2018HSC: Discovery Watch Feb 16, 2018: Is the Peregrine Really a Buzzard?Discovery 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 proje...Read More
We are told that the economy is strong. With global stock markets near all-time highs and real estate prices near or better than 2006, many people believe this is true. Happy days are here again!No one really knows what specifically caused the recent market sell-off. Some say it was the whiff of higher inflation caused by the highest wage increase since 2009. Is it possible that the recent market...Read More
Rick discusses how the Trump administration stated that a weaker dollar would be helpful. The decision to provide the boomer generation with a 1.5 trillion dollar tax cut will be paid for by younger generations. The interim spending bill will add 300 billion dollars to this year's budget as well as huge commitments to funding infrastructure with no mention of where the money will come from. The US...Read More
"In the US, regulators are not strong enough to stand up to the monopolies' political influence. The EU is better positioned, because it doesn't have any platform giants of its ownContinue...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More