The bullish run in China's alumina price may end in July on smaller than expected alumina production cuts in Xinfa Group's alumina refineries and easing tightness after more imported cargoes arrive, sources told Fastmarkets on Thursday May 30."I heard the aluminium production lines in Xinfa's Jiaokou plant were not fully stopped because the materials loaded in previously were not used up and it ma...Read More

London-listed Pembridge Resources will purchase Capstone Mining's Minto copper mine in a deal that could total $20 million based on future price performance, but does not guarantee any money will change hands at current levels.Pembridge will pay Capstone $5 million once Minto has reached 60% mill capacity, another $5 million when that capacity is reached and the copper price has averaged over $3 p...Read More

China Nonferrous Metals Industry Association Antimony Branch (CAA) has held an industry meeting calling major producers to reduce output in a move that is likely to halt the price decline since the start of the year, market sources told Fastmarkets. Several major antimony producers, whose output accounts for more than 80% of the country's total volume, including China Minmetals Rare Earth Co, Huna...Read More

Gold futures on Monday tallied a fourth straight session climb, settling at their highest in more than three months, as investors fled to the perceived safety of havens like precious metals and bonds amid persistent tariff tensions between the U.S. and its global trade partners. "Gold is looking good here-responding to the rise in economic wars via tariffs to the global economic slowdown," said Pe...Read More

Montr?(C)al, Qu?(C)bec - June 04, 2019 - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM / OTCQX:SYATF), a leading provider of in-vehicle communication devices, is pleased to announce the Uniden (R) UV350 in-vehicle mounted phablet is FirstNet ReadyTM, making it tested and approved for use with services on the FirstNet communications platform.FirstNet is built with AT&T in a public-pri...Read More

The Precious Metals sector has broken strongly higher in recent days, with silver breaking out of its downtrend just yesterday, when the fundamental reason for this move emerged - the Fed has let it be known, via the St Louis Fed governor, that they are going to drop rates soon. This is clearly a panic move triggered by the stockmarket breaking down below key support - the intention is to head...Read More

By: Ira EpsteinGold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes:Read More

London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR a...Read More

Gold faces key resistance at $1339.10. Gold needs to break and trade over $1339.10 to rise to $1353 and $1374. Sell off will be there if gold does not break and trade over $1339.10. Speculation of interest rate cuts by the Federal Reserve will be bullish for gold and silver. Momentum is very bullish. Today and tomorrow are very crucial days for continuance of bullish trend. Silver needs to trade...Read More

The Turkish deep-sea scrap markets remained quiet on Tuesday June 4 with participants still absent because of the week-long Eid al-Fitr public holiday, sources told Fastmarkets.This lack of market activity was expected and was likely to continue for the rest of the week, with Turkey being on public holiday from June 3 until June 7. The holiday marks the end of the period of...Read More

* GRAPHIC-2019 asset returns: (Updates with closing prices, rare earths update)By Zandi ShabalalaLONDON, June 4 (Reuters) - Copper prices hovered near afive-month low on Tuesday as an escalation of the U.S.-Chinatrade war reinforced concern about demand for industrial metalswhile the weaker dollar provided some suppport.China on Tuesday warned that its companies operating in theUnited States could...Read More

Gold was down a couple of dollars to US$1,323 an ounce earlier, while palladium was worth $1,306/oz on the spot market, as macro uncertainties continue.In London, SolGold (LSE: SOLG) has recovered about half the value shed last week, having tumbled on local media reporting Ecuador was moving towards holding a referendum on mining in some areas.SolGold has said there was no indication its tenure wa...Read More

Markets remain nervous about the trade wars and the impact these are having on global economic growth with recent manufacturing purchasing managers' index (PMI) data showing a combination of manufacturing contraction, stable but low growth, or slowing growth.Equites continue to show weakness while gold and the Japanese yen attract haven demandLow treasury yields and US President Donald Trump's age...Read More

The Tuesday Market Minute Global stocks traded mixed Tuesday, with weakness ini Asia offset by modest optimism in Europe and the US following signals of a near-term Fed rate cut.St. Louis Fed President James Bullard said a "darkened" global trade narrative could lead to easing, with investors now waiting a mid-morning speech from Chairman Jerome Powell today in Chicago.European stocks edge highe...Read More

China's domestic hot-rolled coil prices continued to weaken on Tuesday June 4, which led exporters to lower their offers as well.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($562-563) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,800-3,820 yuan per tonne, down 30 yuan per tonnePrices continued to drop with thin trading reported in eastern China. Mills kept their offers sta...Read More

As I write this, the price of gold is trading at $1,330.40 an ounce. This is a big deal.Check out yesterday's high volume action on the SPDR Gold ETF (NYSE: GLD):Gold has been bouncing around $1,300.00 an ounce for the past five years after peaking in 2011. If it can hold this breakout above that resistance, there is a lot of upside.Markets that consolidate for a long time act like a coiled spring...Read More

For Canadian investors who have had to endure years of underperformance versus US stocks, there has been a surprising twist over the past few months. Canadian stocks are broadly beating US stocks as the Sino-American trade war heats up. We discuss this development and more in our latest edition of Insights. You can read the newsletter here and no registration is required. Read More

European steelmakers have called on the region's policy-makers to take immediate action to strengthen the safeguard measures for the steel industry, with effect from July 1.The call was made in an open letter signed by the chief executive officers of 45 EU steel companies, and was dated Monday June 3."Europe's steel industry is in crisis because of external factors, yet as a strategic sector it un...Read More

China's rebar prices fell further on Tuesday June 4 in both the domestic and export markets amid attempts by sellers to secure orders.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($565-572) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,820-3,870 yuan per tonne, down 30 yuan per tonneStockists are mostly pessimistic about demand in the spot market over the next month or two...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More