Demand for seaborne coking coal remains strong amid tight supply of domestic materials in China, market participants said on Wednesday February 7.A cargo of premium low-vol hard coking coal, with laycan set for the end of February, was traded around $225 per tonne cfr China this week after a transaction involving a prompt cargo was concluded at just above $230 per tonne cfr earlier this week, mark...Read More

Export prices for Chinese hot-rolled coil picked up strength on Wednesday February 7 after a handful of overseas buyers put in higher bids in response to an increase in offers.DomesticEastern China (Shanghai): 4,110-4,130 yuan ($654-657) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedDomestic prices held steady amid sparse trading in the major markets of Shangha...Read More

Silicon metal export volumes from Brazil rose by 33.68% year on year in January, due to higher shipments to Europe, according to figures released by Brazil's foreign trade ministry MDIC on Wednesday February 7.Exports totaled 20,859 tonnes, against 15,604 tonnes in January 2017, MDIC data shows. In December, Brazil's silicon metal shipments totaled 13,015 tonnes.Meanwhile, Brazil's revenues f...Read More

An overview of the minor metals markets and the reasons for any price moves. Read More

Nornickel has signed a $4.4 billion partnership deal with Russian Platinum Plc in a 50:50 owned enterprise to jointly develop three major PGM deposits in Russia, it said on Wednesday February 7.The joint company aims at producing approximately 70-100 tonnes per year of platinum and palladium, as well as 50,000 tpy of nickel, Nornickel's president Vladimir Potanin said in...Read More

JFE Holdings' operating income rose sharply for the first three quarters of fiscal 2017 due to a change in accounting methods, cost reductions and improved sales, while its steel business renewed old facilities to ensure stable steel output.Consolidated operating income stood at ?172.32 billion ($1.56 billion) for April to December 2017, up 373.2% from ?36.4 billion for the same period a year ag...Read More

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday February 7:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5% Sn max: $0.95-1.00...Read More

G?(C)camines expects to complete an audit of its joint-venture partners active in the Democratic Republic of Congo (DRC) by mid-March, with the report expected to back up the state-run mining firm's drive to renegotiate contracts, chairman Albert Yuma said.Yuma told Metal Bulletin in an interview that the audit, conducted by E&Y over the past three years, would probably result in the renegotiation...Read More

Subscribe, rate and follow us on SoundCloud, iTunes, YouTube, Google Play, Stitcher or RSS Feed!This week we’re digging into the recent wild ride on North American equity markets (1:00) and talking about the current mining climate in the United States.Matt also discussses Barrick Gold‘s (TSX: ABX; NYSE: ABX) US$420 million write-down at the Pascua-Lama project on the Chile-Arge...Read More

According to US Census data released Tuesday, US coal exports totaled 88 million metric tonnes in 2017, a 60.9% increase from 2016.Annual export volumes climbed to the highest since 2014, when the nation's exports reached 88.3 million tonnes in large part due to strong seaborne coal prices into Europe and Asia.Of the 88 million metric tonnes exported, 50.1 million tonnes was metallurgical coal, 29...Read More

Shares in Canada's Northern Vertex Mining (TSX-V: NEE) were up Wednesday after the miner said is closer than ever to pour first gold at its Moss mine, in northwestern Arizona.The Vancouver-based company said that roughly 7,800 tonnes of ore have been stacked on the pad to date, and production is ramping up towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.Production is rampin...Read More

Rio Tinto (ASX, LON, NYSE:RIO), the world's No.2 mining company, showed investors Wednesday how well it has ridden the wave of higher commodity prices by announcing a record dividend on the back of a big surge in annual profit and its cost cutting drive.Bumper results came on the back of a recovery in the price of key commodities for Rio Tinto, including iron ore, aluminum and copper.The company,...Read More

Two miners have died after a section of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Kloof gold operation in South Africa collapsed on Wednesday, about a week after more that 1,000 workers were trapped underground at another of the company's mines in the country.Sibanye-Stillwater has suspended production at the affected area pending an investigation into the incident with the participation of the...Read More

https://www.wsj.com/Congo's state-owned miner pushes for re-nationalization of mines; global players in resource-rich nation include Glencore and RandgoldCongo's state-owned mining firm, G?(C)camines SA, is pushing to renationalize the Central African nation's rich natural resources, in a move that could roil some of the world's largest mining companies and have implications for industries ranging...Read More

Feb 08, 2018 Guest(s): George Milling-Stanley State Street Global Advisors Gold has stayed muted when stocks have been tumbling, leaving experts scratching their heads but one expert said that correlation is not always so iron-clad. Investors have been their selling gold to cover margin calls on stocks, explained George Milling-Stanley, Head of Gold Strategy for State Street Global Advisors. "In...Read More

Feb 07, 2018 Guest(s): Will Rhind CEO, GraniteShares Total gold ETF holdings are at their highest level since May, 2013, and this could be due to a growing interest in commodities in general.Will Rhind, CEO of GraniteShares, told Kitco News that growing interest in gold is driven by two main factors: "weaker U.S. dollar, and more volatility and increasing fears of inflation in the market."Rhind...Read More

By Ira EpsteinIs gold headed to $1300? https://www.iraepstein.com/ Read More

After what happened the stock and cryptocurrency markets the last few days, it feels like this week should be over.It's been a crazy ride!Talk about whipsaws!Continue...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

RAPAPORT... Consumers plan to spend $19.6 billion on gifts thisValentine's Day, with jewelry topping the list at $4.7 billion. A survey by the National Retail Federation (NRF) showed a 3%rise in the amount consumers intend to lay out on their loved ones over the holiday. Otheritems on the list were an evening out at $3.7 billion, flowers at $2 billion,$1.9 billion for clothing and $1.8 billion for...Read More