Anglo American's fourth-quarter nickel production results showed a 5% year on year increase to 11,400 tonnes from 10,900 tonnes a year ago, resulting from improved operational stability.The 11,400 tonnes of nickel produced in the fourth quarter was also a record high, according to the company's report. The Barro Alto site in Brazil produced 9,100 tonnes of nickel metal in the fourth quarter of 201...Read More
Selenium prices in Europe continued to move up this week on sustained robust demand from India, with rallying manganese flake prices adding new impetus to the market.Metal Bulletin's selenium free market in-warehouse price rose to $18.50-20 per lb on Wednesday January 24, an increase of 2.7% from the previous assessment, a level last seen in June 2017.A recent rally in manganese flake prices conti...Read More
Stainless steel prices in East Asia retreated over the past week on thin trading amid persistently soft demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,100-2,200 per tonne cif East Asian ports for the week ended Wednesday January 24, down $10-50 per tonne from a week earlier.Metal Bulletin's assessment of prices for benchmark 304 stainless hot-r...Read More
http://www.miningmx.com/ANGLO American turned in a robust fourth quarter production performance which took full year production on a copper equivalent basis some 5% higher compared to 2016, largely owing to good numbers at Kumba Iron Ore and De Beers, its 85% subsidiary.Mark Cutifani, CEO of Anglo American, said the year-on-year improvement was despite cutting platinum and metallurgical coal outpu...Read More
"It has been hard to come across a retail investor rag or stock blog without hearing about some way to play this theme, and countless web sites Continue...Read More
Published on: Jan 25, 2018 | by finfeedPure Minerals (ASX:PM1) yesterday updated the market with additional results from its first phase of drilling at the Battery Hub manganese project, which is situated in Western Australia's Gascoyne region.The results come from 24 reverse circulation (RC) drilling holes located at the Pools Prospect, situated at the eastern end of tenement E09/2217 and immedia...Read More
Cryptocurrencies and gold – competitors or complements?Despite anecdotal comments from well-regarded financial commentators that gold prices and gold demand are suffering at the expense of cryptocurrencies, there isn’t any quantifiable evidence that gold holdings are directly suffering from competition from cryptocurrencies. The weakness in physical demand in 2017 – for...Read More
Despite Chinese winter smelter production cuts generally falling short of expectations and domestic stocks continuing to climb - both of which suggest the market remains far more comfortably supplied at this point than aluminium bulls had been anticipating - prices still rallied into the year-end to reach $2,290/tonne for the first time since March 2012.And after a New Year pull-back the strength...Read More
Copper prices were working lower during most of December and in the absence of any bullish triggers we had been expecting that trend to continue. But in late December, fund buying picked up aggressively, driving prices to a fresh multi-year high of $7,203/tonne. There was little fundamental justification for this and we should consider it a warning that speculators and investors feeling optimistic...Read More
Lead prices remain on their steady uptrend since the summer lows last year and in January have been eroding resistance around October's 6-year high above $2,600/tonne. We expect the underlying strengthening fundamentals, especially on the supply side, to maintain the uptrend this year. Primary producers may well struggle to respond to higher lead prices and we doubt there is much hoarded scrap aro...Read More
Nickel prices rallied well ahead of the fundamentals in November when the market got carried away by the prospects for demand from EVsHaving set a high of $13,030/tonne, prices corrected to $10,740/tonne in December. They have since rebounded back above to $13,000/tonne to fresh highs, but this move is difficult to justify other than it has happened in line with a general rebound across the base m...Read More
Despite Chinese winter smelter production cuts generally falling short of expectations and domestic stocks continuing to climb - both of which suggest the market remains far more comfortably supplied at this point than aluminium bulls had been anticipating - prices still rallied into the year-end to reach $2,290/tonne for the first time since March 2012.And after a New Year pull-back the strength...Read More
Copper prices were working lower during most of December and in the absence of any bullish triggers we had been expecting that trend to continue. But in late December, fund buying picked up aggressively, driving prices to a fresh multi-year high of $7,203/tonne. There was little fundamental justification for this and we should consider it a warning that speculators and investors feeling optimistic...Read More
Lead prices remain on their steady uptrend since the summer lows last year and in January have been eroding resistance around October's 6-year high above $2,600/tonne. We expect the underlying strengthening fundamentals, especially on the supply side, to maintain the uptrend this year. Primary producers may well struggle to respond to higher lead prices and we doubt there is much hoarded scrap aro...Read More
Nickel prices rallied well ahead of the fundamentals in November when the market got carried away by the prospects for demand from EVsHaving set a high of $13,030/tonne, prices corrected to $10,740/tonne in December. They have since rebounded back above to $13,000/tonne to fresh highs, but this move is difficult to justify other than it has happened in line with a general rebound across the base m...Read More
Despite Chinese winter smelter production cuts generally falling short of expectations and domestic stocks continuing to climb - both of which suggest the market remains far more comfortably supplied at this point than aluminium bulls had been anticipating - prices still rallied into the year-end to reach $2,290/tonne for the first time since March 2012.And after a New Year pull-back the strength...Read More
Copper prices were working lower during most of December and in the absence of any bullish triggers we had been expecting that trend to continue. But in late December, fund buying picked up aggressively, driving prices to a fresh multi-year high of $7,203/tonne. There was little fundamental justification for this and we should consider it a warning that speculators and investors feeling optimistic...Read More
Lead prices remain on their steady uptrend since the summer lows last year and in January have been eroding resistance around October's 6-year high above $2,600/tonne. We expect the underlying strengthening fundamentals, especially on the supply side, to maintain the uptrend this year. Primary producers may well struggle to respond to higher lead prices and we doubt there is much hoarded scrap aro...Read More
Nickel prices rallied well ahead of the fundamentals in November when the market got carried away by the prospects for demand from EVsHaving set a high of $13,030/tonne, prices corrected to $10,740/tonne in December. They have since rebounded back above to $13,000/tonne to fresh highs, but this move is difficult to justify other than it has happened in line with a general rebound across the base m...Read More
Despite Chinese winter smelter production cuts generally falling short of expectations and domestic stocks continuing to climb - both of which suggest the market remains far more comfortably supplied at this point than aluminium bulls had been anticipating - prices still rallied into the year-end to reach $2,290/tonne for the first time since March 2012.And after a New Year pull-back the strength...Read More