Base metals prices on the London Metal Exchange are mixed this morning, Friday January 26, with the complex up by an average of 0.2%.Three-month nickel prices ($13,800 per tonne) are strongest with a 0.6% gain, lead prices ($2,599 per tonne) and copper prices ($7,143 per tonne) are up by 0.5% and 0.4% respectively, while aluminium, zinc and tin are down between 0.1% and 0.2%. This week has seen co...Read More
Summary of China's minor metals exports and imports in December and the full year 2017.Unwrought bismuth metal exports Month total: 232 tonnes On month: -29.05% On year: +53.78%* Full-year total: 2,580 tonnes On year: -14.95%* Wrought bismuth metal exports Month total:...Read More
Finnish stainless tube maker Stalatube will invest ?,?20 million ($24.86 million) in expanding its capacity in Finland and opening a new service centre in Poland, it said on Friday January 26. "We will install a new tube welding line at our Finnish mill [in Lahti, southern Finland] for special sizes," ceo Jukki Nummi told Metal Bulletin on...Read More
China's ferrous futures mostly fell during morning trading on Friday January 26 following the release of the latest Chinese customs data a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,944 ($623) per tonne, down 15 yuan per tonne May hot-rolled coil: 3,963 yuan per tonne, down 5 yuan per tonne Dalian Commodity Exchange May iron ore: 519.50 yuan per to...Read More
China's domestic stainless steel prices were unchanged over the past week with soft demand offsetting the supporting effects of costlier raw materials. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,500-15,200 yuan ($2,290-2,401) per tonne including VAT for the week ended Thursday January 25, the same as a week earlier.Nickel p...Read More
https://ca.reuters.com/BEIJING (Reuters) – China on Friday outlined its ambitions to extend President Xi Jinping's signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming.Releasing its first official Arctic policy white paper, China said it would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the wa...Read More
By Ira EpsteinGold and silver continue to consolidate recent gains.https://www.iraepstein.com/ Read More
Posted: Jan 26, 2018JK: Discovery Watch Jan 26, 2018 with Jim Goddard and John KaiserPublished: Jan 26, 2018HSC: Discovery Watch Jan 26, 2018: Do we have a Discovery Watch Winner?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 pro...Read More
By Ira EpsteinGold and silver continue to consolidate recent gains.https://www.iraepstein.com/ Read More
Peruvian steel producer Aceros Arequipa will invest $180 million to construct a new electric-arc furnace (EAF) at its Pisco works to reduce its dependence on imports of billet.The new facility will have an annual production capacity of 1.25 million tonnes per year, with its start-up expected in mid-2020, the firm said in a note to the country's securities regulator, SMV, late on Thursday January 2...Read More
Metal Bulletin is proposing to update the specifications for its India domestic billet and rebar assessments to provide a clearer distinction between the primary and secondary markets in India. The specifications for domestic billet will be updated to better reflect price assessments for secondary-grade IS 2831 billet, 125x125mm thick. The specifications for domestic rebar will be updated to bette...Read More
China's ferrous futures mostly fell during morning trading on Friday January 26 following the release of the latest Chinese customs data a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,944 ($623) per tonne, down 15 yuan per tonne May hot-rolled coil: 3,963 yuan per tonne, down 5 yuan per tonne Dalian Commodity Exchange May iron ore: 519.50 yuan per to...Read More
Peruvian steel producer Aceros Arequipa will invest $180 million to construct a new electric-arc furnace (EAF) at its Pisco works to reduce its dependence on imports of billet.The new facility will have an annual production capacity of 1.25 million tonnes per year, with its start-up expected in mid-2020, the firm said in a note to the country's securities regulator, SMV, late on Thursday January 2...Read More
Metal Bulletin is proposing to update the specifications for its India domestic billet and rebar assessments to provide a clearer distinction between the primary and secondary markets in India. The specifications for domestic billet will be updated to better reflect price assessments for secondary-grade IS 2831 billet, 125x125mm thick. The specifications for domestic rebar will be updated to bette...Read More
China's ferrous futures mostly fell during morning trading on Friday January 26 following the release of the latest Chinese customs data a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,944 ($623) per tonne, down 15 yuan per tonne May hot-rolled coil: 3,963 yuan per tonne, down 5 yuan per tonne Dalian Commodity Exchange May iron ore: 519.50 yuan per to...Read More
Jan 29, 2018 Overly optimistic sentiment in the financial markets may reverse trends and cause investors to rush into gold, said Peter Schiff, CEO of Euro Pacific Capital. Speaking on the recent euphoria in equity markets, "I think they've more than priced in benefits of the tax cuts," Schiff told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "these tax cuts are not...Read More
Jan 26, 2018 Guest(s): Bill Murphy Director, GATA Gold and silver should be trading at much higher levels when compared with historical prices, said Bill Murphy, Director of the Gold Anti-Trust Action Committee."Two of the markets that should be on fire are gold and silver," Murphy told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "when you look at where we were s...Read More
Posted: Jan 26, 2018JK: Discovery Watch Jan 26, 2018 with Jim Goddard and John KaiserPublished: Jan 26, 2018HSC: Discovery Watch Jan 26, 2018: Do we have a Discovery Watch Winner?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 pro...Read More
For Part 1 of this interview, CLICK HEREListen to the explosive conclusion of my two part interview with Jim Rickards. Find out what Jim has to say about not just gold but also silver, and where he thinks things are headed between the U.S. and North Korea. Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global S...Read More
In this week's SD Metals & Markets, fund manager David Kranzler tells us he is bearish on the U.S. dollar.Kranzler says in the short term the U.S. dollar is oversold and gold is extended. But long term, he sees the U.S. dollar going a lot lower, and he says gold could hit $1,400 this year. And he is also bullish on junior mining stocks.Contrary to what the Fed is saying, Kranzler presents evidence...Read More