China's hot-rolled coil prices fell on Tuesday November 6 after investor sentiment was dampened by Tangshan's "smaller-than-expected" capacity cuts, with trading sparse both domestically and in the export market.DomesticEastern China (Shanghai): 4,020-4,040 yuan ($581-584) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 4,000-4,010 yuan per tonne, down 30 yuan per tonneSell...Read More

U.S. equity indices are lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Nutrien (NTR $71.47 Cdn) is expected to open higher after reporting higher than consensus third quarter sales and earnings. The company also increased its dividend and raised its fourth quarter guidcance. Mosaic (MOS $32.22) is expected to open higher after reporting higher than consensus third...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.Latest transaction: billetBillet Saudi Arabia, export, billet, offered at...Read More

Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November's offers and the start of December's. Low-grade manganese ore prices rise in China amid a lack of offersHigh-grade manganese ore index slidesChinese manganese alloy prices largely steadySilico-manganese quotation drops in EuropeUS alloy price holds in quiet marketLow...Read More

Chrome ore and alloy prices dropped in China last week after tender price cuts for November continued to weigh on sentiment, while the US high-carbon ferro-chrome price halted recent declines on an uptick in inquiries. Chinese markets still reacting negatively to lower November tendersAlloy prices hold in JapanSouth Korean alloy prices inch lowerEuropean price drop on plentiful Indian supply ...Read More

In 1935, the Social Security Act was signed into law by President Franklin D. Roosevelt. Back then, 65 was considered old age.Today, "65 is the new 45"-at least that's what many baby boomers would like to believe. In America, people fear growing old and losing their independence more than they fear dying, according to studies as old as the 1990's and as recent as this year.With advances in medicin...Read More

Saudi Crown Prince Mohammed bin Salman (MBS) has a secret.No, it’s not that he was behind the horrific interrogation, torture and murder of journalist Jamal Khashoggi.Although most people would argue otherwise.The Crown Prince’s secret that I’m referring to isn’t even that he approved the use of chemical weapons by Saudi Arabia in its proxy war in Yemen.That piece of inform...Read More

ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and g...Read More

Forecasting elections is more art than science. One of the problems in forecasting elections is the nature of polls. Many polls are misleading and suffer from flawed methodology.I was flying around the world just before the 2016 presidential election, telling audiences in Europe, Australia and here at home that Trump would win. I got a lot of funny looks and gasps from the anchors, who didn't take...Read More

Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on...Read More

Unless you've been living under a rock somewhere, you know the critical midterm elections are tomorrow. The outcome will likely have a major impact on President Trump's future in office.For months, we heard talk of a coming blue wave that would put Congress back in Democratic hands. Basically, the idea was that Democratic voters were more motivated than Republican voters, that their disgust with T...Read More

China's ferrous futures tanked after morning open on Tuesday November 6, with losses narrowed later for contracts except rebar, amid stronger expectations that the country's winter steelmaking restrictions would be lighter than those a year earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,973 yuan ($575) per tonne, down 79 yuan per tonne January hot-rolle...Read More

The market was pulled in two directions today… like a wishbone under pressure from two equally determined foes.The bears, inspired by disappointing news from Apple, pulled in one direction.The bulls, jaunty after this morning's jolly jobs report, yanked in the other.Trade war news - first going one way, then the other - was ready to swing the contest.Which side won?Perhaps more importantly&#...Read More

Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday November 6, with those of aluminium, nickel and zinc benefiting from President Xi's announcement of plans to add new free trade zones in Shanghai.President Xi said in an opening speech at the Shanghai Import and Export Expo on November 6 that China will keep expanding its importing business and r...Read More

Glencore-owned Katanga Mining will suspend the export and sale of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC) after finding excessive levels of uranium in the cobalt hydroxide produced there, the company said on Tuesday November 6.Uranium levels exceeded the limit allowed for export through the main African ports, the company said.To date, the volume of production affe...Read More

Some Chinese bismuth producers are likely to cut production on squeezed profit margins, market participants told Fastmarkets, adding that it is hard to forecast the resultant impact on spot prices in the near term. Domestic Chinese bismuth prices have fallen from highs of this year of 71,000-72,000 yuan ($10,303-10,448) per tonne in February and have been mostly under pressure so far in 2018, acco...Read More

Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal international The two countries have much in common: Westminster-style democracies, being part of the Com...Read More

LONDON - European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.The LME is launching three hot rolled coil (HRC) steel futures covering Europe, North America and China early next year, and industry sources told...Read More

Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More

SHANGHAI - State-owned metals and mineral trading firm China Minmetals signed a 20 million tonne iron ore purchase agreement with Brazilian mining giant Vale on Tuesday.The agreement was signed during a ceremony at the China International Import Expo in Shanghai.China is the world's biggest consumer of the steelmaking ingredient.Minmetals also signed a 2,400 tonne nickel briquette purchase agreeme...Read More