Key data from Metal Bulletin's Wednesday January 10 pricing session in Europe.Gallium Metal MB free market $/kg Key drivers: - Major producers have run out of inventory - Producers in China are not increasing output, despite a significant reduction over recent months- Supply from earlier...Read More
Base metals prices on the London Metal Exchange are generally higher this morning, Thursday January 11, with aluminium leading the way with a 0.8% gain to $2,203 per tonne, while tin is the one bucking the trend with a 0.3% decline. Nickel prices are unchanged, while the rest are up by between 0.2% and 0.4%, with copper prices up by 0.3% at $7,169 per tonne.Volume has been average, with 6,933 lots...Read More
The spot gold price rose during Asian morning trading on Thursday January 11 after the dollar continued to drift lower following news that Chinese officials have recommended the country slow or halt its purchases of US bonds.The spot gold price was quoted at $1,319.05-1,319.35 per oz as of 11.39am Shanghai time, up by $2.05 from the previous session's close. Trade has ranged from $1,317.05-1,320.7...Read More
Silicon metal prices in the United States inched up again in January, pressured by continuing supply concerns. Metal Bulletin sister publication American Metal Market assessed the spot price for US delivered 553 silicon at $1.40-1.42 per lb on Wednesday January 10, up by 2.5% from a month earlier when prices were in a range of $1.35-1.40 per...Read More
East Asia's stainless steel market has started to show signs of weakness, with prices for cold-rolled coil retreating over the past week amid thin trading and soft demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,130-2,150 per tonne cif East Asian ports for the week ended Wednesday January 10, down $20-50 per tonne from $2,150-2,200 per tonne cif...Read More
Domestic and export aluminium ingot ADC 12 prices in China rose this past week after Japanese buyers returned to the market following the New Year holidays and producers raised their offers due to higher raw material costs.Metal Bulletin assessed the aluminium ingot ADC 12 main Japanese ports spot price at $1,990-2,020 per tonne on Wednesday January 10, up by 2.3% from $1,950-1,970 per tonne last...Read More
Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
Peter Schiff talks about his 2018 Outlook including recession, gold, Trump, China, dollar, inflation, tax cuts, and interest rates.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and inves...Read More
Doug Casey isn't afraid to speak his mind... even if it means offending people. That's a rare commodity. These days, most people only think what they're supposed to think. Continue...Read More
Frank discusses gold and Hive Blockchain a company where he is chairman. They have partnered with Genesis. Hive is a cryptocurrency mining and investing company. He became interested in the space when found out that the CEO of Fidelity a company with two trillion in funds has been discussing bitcoin. He says, "Something big is happening." Hive made far more than they anticipated in the first quart...Read More
LONDON, 11 January 2018 - Analysis from BullionVault features tonight in the latest gold-price report from MarketWatch, the leading US finance site that's part of the Dow Jones group of companies.Gold "rising with equities isn't unusual," MarketWatch quotes BullionVault director of research Adrian Ash. "They go in the same direction around 50% of the time."But the move against [US government] T-bo...Read More
Continue...Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Pow...Read More
India's JSW Steel recorded its highest-ever quarterly crude steel output in October-December 2017, producing 4.11 million tonnes - up 7% compared with the same quarter in 2016.The October-December period is the third quarter of JSW Steel's 2017-2018 financial year, which runs to March 31, 2018. Flat steel production dropped 1% year on year to 2.82 million tonnes, while long steel production increa...Read More
Mechel, one of the leading Russian mining and metals companies, has appointed Nelli Galeeva as its new chief financial officer (CFO), the company reported on Wednesday January 10.Prior to this appointment, Galeeva had been leading Mechel's accounting and tax department for four years and oversaw work on the...Read More
Shares in Skeena Resources Limited (TSX.V:SKE) jumped 6% on Thursday after the company announced additional drill results from 13 holes at its Snip gold project located in the Golden Triangle of British Columbia.In lunchtime trade the Vancouver-based junior was exchanging hands for $0.74, up 10.4% on the TSX Venture Exchange, in more than double usual volumes. Skeena is now worth $53 million in To...Read More
JOHANNESBURG (miningweekly.com) – Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped.Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by Alrosa was “a little lower than a year ago”,...Read More
Published on: Jan 11, 2018 | by finfeedNorthern Cobalt (ASX:N27) has provided an update from its Stanton Cobalt Deposit in the Northern Territory. The company commenced its scoping study of the promising region on 2 January this year, with drill core samples from its diamond drilling program at the deposit arriving in Adelaide on 22 December 2017.Core inspection by the scoping study team commenced...Read More
RAPAPORT... Shmuel Shnitzer has left his post as chairman of the IsraelDiamond Institute (IDI). The IDI board appointed Boaz Moldawsky acting chairman,the institute announced Thursday. Shnitzer (pictured) has served in numerous industry positions over the past 30 years, including as president of the Israel Diamond Exchange (IDE) and cofounder of the WorldDiamond Council. He began his term as...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE:BTO) said Thursday it had achieved record fourth quarter and full-year output in 2017, thanks mainly to the start of commercial production at its Fekola mine, in south-western Mali.The Vancouver-based company, which poured its first gold at Fekola in November, produced 630,565 ounces of the yellow metal last year, a figure that includes the 79,243 ounces...Read More
Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have ma...Read More