There was little movement in the seaborne coking coal spot market on Tuesday February 13 with most buyers in China already away for the Chinese New Year holiday."Coking coal prices will not be able to drop after the Chinese New Year because they are supported by the optimistic sentiment in the downstream sector. Coke prices have also bottomed out," a coke plant source in Tangshan said. "There are...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto,...Read More

Ferrous scrap export volumes from Japan fell by 9% year on year to 767,157 tonnes in December, according to the country's Ministry of Finance.Its yearly export volumes totaled 8.22 million tonnes in 2017, a decline of 6% from the prior year.On a regional basis, Japan's ferrous scrap exports to South Korea increased by 28% year on year in December.The country exported 398,228 tonnes of ferrous scra...Read More

Domestic coking coal prices in China rose in the beginning of February amid tighter supply of premium products and higher demand for thermal coal in the country. Metal Bulletin's assessment of domestic prices for hard coking coal in Shanxi delivered to Tangshan was 1,570-1,950 yuan ($248-309) per tonne for the week to Friday February 9, up 75-100 yuan per tonne compared with a month earlier. Offer...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 13* Copper -$72.96 (-463.21 yuan) Aluminium -$453.29 (-2877.91 yuan) Zinc -$126.22 (-801.37 yuan) Nickel -$389.03 (-2527.07 yuan) *The physical arbitrage numbers...Read More

Aluminium prices on the London Metal Exchange have retreated from early morning highs after a significant delivery into LME-listed warehouses in Asia caused on-warrant stock to surge by 18%. The three-month price was trading at a high of $2,151 per tonne - a $27 per tonne increase compared to Monday's close price - before warehouse stock data was released at 9am UK time. Some 166,225 tonnes were d...Read More

Base metals on the London Metal Exchange are recovering again this morning, Tuesday February 13, with prices up by an average of 0.7%. Copper ($6,924 per tonne) and nickel lead the way with gains of 0.9%, while lead is the laggard with a 0.3% increase.Volume has been average with 8,757 lots traded as of 07.07 am London time, although half of that has been in copper. This follows gains on Monday fo...Read More

Argentina's national government is pressing ahead with its intentions to make of mining one of the pillars of job creation, and it's holding talks with the leaders of the three provinces that declined to sign a 2017 mining act, which harmonizes taxes and regulations in hopes of attracting investment.Mining secretary, Daniel Meil??n, told local paper El Diario that the government wants the leaders...Read More

Pallinghurst Resources's precious gemstones miner Gemfields is standing up to disturbing allegations of human rights abuses at the company's Montepuez ruby mine in Mozambique, and disclosed it's now target of a legal claim on behalf of 29 locals.The company, the world's top coloured gems producer, accounting for roughly a third of the global supply of emeralds and rubies, revealed that human right...Read More

Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and c...Read More

Mining giant BHP (ASX, NYSE:BHP) (LON:BLT) is taking a $1.8 billion hit from the major US tax reform package supported by President Donald Trump and passed by the Senate in DecemberThe Anglo-Australian miner said the charge, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million...Read More

Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More

A Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) worker died on Monday night while clearing a blocked ore pass at the company's Driefontein gold operation in South Africa, less than a week after a fall of rocks at its Kloof mine killed two people.The precious metals miner said investigations into the latest incident by management together with the department of mineral resources (DMR) and other releva...Read More

https://uk.reuters.com/LONDON/BEIJING (Reuters) – The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said.The exchange will issue principles for responsible sourcing in coming months and producers will have to show their metal meets indu...Read More

Feb 14, 2018 Guest(s): Maxwell Gold Director: Investment Strategy: ETF Securities Gold prices were on fire Wednesday, rebounding from losses made in the wake of stronger than expected U.S. inflation data. Kitco News caught up with Maxwell Gold of ETF Securities. "What sparked gold's price move today is the increase in inflation. I think that is boosting inflation expectations, and I think that's...Read More

Feb 13, 2018 Guest(s): Vince Lanci Real interest rates should stay negative as the Fed raises rates, creating a buying opportunity for gold, says Vince Lanci, founder of EchoBay Partners."If an unqualified spike in inflation were to come out, the stock market should definitely sell off," Lanci told Kitco News, "gold should sell off...gold should react the same way as stocks in the short term."L...Read More

Feb 13, 2018 Guest(s): Dennis Gartman Publisher, The Gartman Letter Bitcoin has, at one point, fallen to more than 60% below its December 2017 highs and may have already reached a key support level.Dennis Gartman, editor of the Gartman Letter, told Kitco News that the digital currency's support level around $6,000 a coin has been "impressive," and while he was bearish on bitcoin at higher prices...Read More

Cartier Resources Inc. (TSX-V: ECR) is an exploration company, focused on discovery in the prolific Abitibi Gold Belt in Quebec. We learned from Mr. Philippe Cloutier, Director, President & Chief Executive Officer of Cartier Resources Inc. that they are focused on their flagship past-producing Chimo Mine Project, using 4 diamond drill rigs for their exploration campaign. They now have a solid trea...Read More

Lynette Zang from ITM Trading joins SGT Report to discuss the economy, precious metals and the storm that's brewing. The criminal banks have stopped lending to each other because they know something is very wrong. Will the masses realize it - or be told about it - before it's too late? Probably not. But you will. Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002....Read More

"The problem is what happens to the budget deficit. We just went through the government shutdown and a package that lays things out for the next two years, but it widens the deficit. The deficit is beyond control."Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Gove...Read More