Base metals on the London Metal Exchange had a mixed start in morning trading on Friday November 16, with investor sentiment improving amid easing US-China trade tensions and a slight downturn in the US dollar index.Both lead and nickel futures were the biggest climbers over the morning, appreciating more than 1% respectively amid depleting LME stocks and strong demand from the electric vehicle an...Read More
Seaborne iron ore prices rose on Friday November 16, amid a likely shortage in the supply of Australian fines.MB 62% Fe Iron Ore Index: $75.31 per tonne cfr Qingdao, up $0.38 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.11 per tonne cfr Qingdao, up $0.38 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.40 per tonne cfr Qingdao, up $0.43 per tonne.MB 58% Fe Premium Index: $64.73 per tonne...Read More
The Singapore Exchange (SGX) will launch high-grade iron ore derivatives settled against the daily MB 65% Fe Iron Ore Index published by Fastmarkets MB in the first week of December."The SGX MB Iron Ore cfr China (65% Fe Fines) over-the-counter swap contracts for clearing and the futures equivalent for trading and clearing will be introduced on Monday December 3," the exchange said on Friday Novem...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday November 16:Bismuth MB China domestic, yuan/tonne: 50,000-52,000 yuan per tonne from 48,000-51,000 yuanChromium MB free market alumino-thermic, $/tonne: $10,700-11,100 per tonne from $10,800-11,200Cobalt MB free market high grade, $/lb: $33.50-34.25 per lb from $33.50-34.50Cobalt MB free market low grade, $/lb: $33.50-34.20...Read More
The manganese flake market is one of the most volatile markets today and will remain so for the near future, Arnaud Vigier, the vice president for manganese alloys sales at Eramet, told delegates of Fastmarkets' International Ferro-alloys conference in Lisbon on November 11-13. Manganese flake prices started 2018 at $1,800-1,950 per tonne and have been moving upward for most of the year mainl...Read More
The European stainless steel market was stable this week, but with prices remaining depressed because of competition among sellers, Fastmarkets heard on Friday November 16.Imported material continued to arrive from Asia and combined with domestic materials to give consumers a glut of purchasing options.But although it remains a buyers' market, prices have not moved any lower...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 16:Aluminium scrapFloated Frag: ?,?1,000-1,050 per tonne from ?,?990-1,050Mixed turnings...Read More
Asia ferrous scrap prices are still falling this because because of weak demand from steel mills and ample supply from various origins.There were further price falls in the key import markets of Taiwan and Vietnam falls across most grades of heavy melting scrap, with containerized prices for Vietnam matching that of Taiwan.Vietnamese containerized ferrous scrap prices typically fetch a premium of...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday November 16.Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Friday, with zinc, copper and tin registering gains while the rest of the complex weakened.Check Fastmarket MB's live futures report here. The availability of copper scrap units in...Read More
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It's been a tough stretch - up until recently that is - for Eldorado Gold Corp (TSX:ELD)(NYSE:EGO).Eldorado stock is currently trading at less than $1 on the TSX Index following what has been an epic collapse in the company's stock price over the past eight years or so since commodity prices began tumbling back in 2011.Since then, ELD has lost more than 95% of its value, significantly outpacing th...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Mish Shedlock of MishTalk.com about the credit cycle turning. They discuss the recent Bloomberg opinion piece arguing that 'capitalism is not working.' They also talk about 50 million empty homes in China and what that portends for the global economy.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report...Read More
Theodore Butler is an independent silver analyst who has published unique precious metals commentaries on the internet since 1996. He is the head of Butler Research LLC, where he offers a subscription service of weekly commentaries, including detailed analysis of the Commitment of Traders Report, regulatory developments, supply and demand considerations, and topics of interest to investors in prec...Read More
Schiller Institute science advisor Jason Ross discusses China's imperial ambitions in Africa through its Belt And Road Initiative and the challenges it poses to the US-dominated Bretton Woods system.Read More
"I'm not allowed to say that men aren't women or ask questions about the notion of transgenderism at all anymore? That a multi billion dollar company is censoring BASIC FACTS and silencing Continue...Read More
Precious metals expert Michael Ballanger discusses the recent rise in precious metals prices and what he sees ahead for the metals. As many of us have grown to appreciate over the years, forecasts tend to be nothing more than "educated guesses" and no matter what methods one uses, predicting directional and amplitudinal movements in economics or finance or asset prices is analogous to standing in...Read More
Let’s take an in-day snapshot of gold vs. several key competitors (for your investment dollars/euros/yen, etc.) and check the progress in turning the macro from risk ‘on’ to risk ‘off’, cyclical to counter-cyclical.Gold/Commodities motors along above the SMA 200. The move has been hysterical, and thus looks impulsive. That could mean something as we look back in hinds...Read More
The major gold miners’stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarterearnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, andproduction-growth struggles persisted. But these elite companies did hold the line on costs, portending soaringearnings as gold recovers.&...Read More
Have you heard about the Everything Bubble? Some analysts believe that after the dot-com bubble of the 1990s and the housing bubble of the 2000s, we are in the middle of a price bubble in virtually all asset classes simultaneously caused by the Fed’s unusually easy monetary policy with ultra low interest rates. Although we agree that the US central bank maintained federal funds rate too low...Read More