Gold entered a tumbling mode last week, and on Thursday, it dipped below the uptrend line drawn from the low of November 13th, as well as below the support (turned into resistance) barrier of 1317. The free fall accelerated on Friday, with the price eventually finding support near the 1290 level just an hour ahead of the close. Today, gold opened with a positive gap, traded slightly higher for a w...Read More

The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More

Has gold broken decisively down?   Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Co...Read More

Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More

Global silver reserves and silver production are increasing.Peru, Mexico and China are still the largest silver producers.Peru, Poland and Australia have the largest silver reserves.Increased silver by-product from base metal mining is filling in for the decrease in primary silver production.Each year, the U.S. Geological Survey publishes a report on world mine production and reserves. The USGS ha...Read More

Investing.com – The prospect of a trade deal between the U.S. and China as early as this month helped shore up stocks around Asia but pushed down gold on Monday.Gold futures for April delivery on the?EUR?Comex?EUR?division of the New York?EUR?Mercantile Exchange fell 0.13% to $1,297.45 a troy ounce by?EUR?9:37 AM ET (02:37 AM GMT) Monday morning.Gold has lost some of its shine for investors...Read More

Despite gold's decline the past two weeks, the metal remains firmly above its 20-month moving average.The metal continues to trade in a large base for the past several years, and the key for the bulls is taking out $1,365/oz once and for all.Bullish sentiment has retreated on this pullback, and is now back to more subdued levels near 50% bulls.Just two weeks ago we had nearly every gold bug di...Read More

Precious metals have been a hot topic for investors and the financial markets. Gold, in particular, has caught the eye of market participants.After a 6 month rally into February, Gold futures reversed hard to the downside. This reversal came as gold prices tested triple resistance (1) at the same time that momentum was overheating (2).The move lower created an ugly bearish reversal candlestick o...Read More

Low-grade manganese ore prices rose in China last week in active trading amid strong demand, while global manganese alloys prices were largely stable - barring China, where prices weakened on muted buying. Low-grade ore prices gain up to 22 cents per dmtuAlloy prices keep sliding in ChinaIndian silica-manganese prices edge upEuropean alloy prices stabilize Low-grade manganese ore prices jumped by...Read More

Canada's Explorex Resources (CSE: EX) announced that it wants to buy New Tech Minerals' (CNSX: NTM) Buena Vista Hills cobalt - iron oxide - copper-gold project, located in Pershing County, Nevada.In a press release, Explorex said Buena Vista Hills seems to be a unique opportunity and setting for a large scale near surface cobalt target.In order to buy the property, the Vancouver-based miner entere...Read More

Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More

Financing for global mining and exploration lost momentum in 2018 with equity markets in particular shunning the metals and minerals sector according to a report released on the eve of mining's biggest annual gathering in Toronto, Canada.State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of...Read More

Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled.Barrick Gold Corp's $18 billion hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the la...Read More

Fastmarkets proposes to increase the frequency of publication of its copper concentrates treatment charges and refining charges (TC/RC) Asia Pacific index and make small adjustments to the index' specifications.Under the proposals, Fastmarkets will publish the index weekly instead of twice-monthly. The chemical specification of what Fastmarkets considers to be clean standard-grade concentrates wou...Read More

Here are five Fastmarkets MB stories you might have missed on Monday March 4 that are worth another look.The Indonesia Commodities & Derivatives Exchange (ICDX) has ended the suspension of key smelter inspector PT Surveyor Indonesia in connection with the launch of its new physical tin contract, which is set to transfer tin exports to bonded warehouses for the first time in the exchange's his...Read More

Volumes of duty-unpaid P1020 aluminium in-warehouse Rotterdam contracts traded on the Chicago Mercantile Exchange soared year on year in January and February 2019 after macro sentiment improved and bullish attitudes resurfaced. Duty-unpaid aluminium volumes for the period totaled an aggregate 5,285 tonnes, up by 2,735 tonnes from the 2,550 tonnes traded in January and February 2018. The increase i...Read More

The Indonesia Commodities & Derivatives Exchange (ICDX) has ended the suspension of key smelter inspector PT Surveyor Indonesia in connection with the launch of its new physical tin contract, which is set to transfer tin exports to bonded warehouses for the first time in the exchange's history, ICDX chief executive officer Lamon Rutten said on Monday March 4. PT Surveyor was ordered to suspend ope...Read More

The US copper market began the week on weak footing on Monday March 4 despite progress between the United States and China on the trade dispute. The copper price for May settlement on the Comex division of the New York Mercantile Exchange dipped by 1.05 cents to $2.9215 per lb. In trade talks, discussions between the US and China could be indicating resolution on the two countries' continued trade...Read More

Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More

Canadian multi-metal producer Rathdowny Resources has appointed the former Farallon Mining president Dick Whittington to his new role, as announced in a press release from March 1.Whittington has over 40 years' experience in the mining sector and has worked on global projects across Canada, Panama, Papua New Guinea, Australia and Mexico.It was in Mexico that he founded and chaired the Canadian Min...Read More