Iron ore prices jumped to almost $78 per tonne cfr China on Monday January 8 as the futures market gained strength.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.74 per tonne cfr QingdaoDaily change: up by $0.94 per tonneMonth-to-date average: $76.15 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.58 per tonne cfr QingdaoDaily...Read More
The seaborne coking coal market remains deadlocked on Monday January 8 as buyers opt to sit on the sidelines while sellers are not lowering their offers.Metal Bulletin's indices are all unchanged for the day, at $211.20 per tonne cfr China and $257.39 per tonne fob Australia for premium hard coking coal, and $190.20 per tonne cfr China and $187.73 per tonne fob Australia for hard coking coal. "Our...Read More
The seaborne iron ore concentrates market has remained strong over the past two weeks, with some mills and traders stocking up for the Chinese New Year break.China's seven-day Lunar New Year celebrations start on Friday February 16 and market participants do not anticipate a resumption in production until mid March. But there are concerns that the upward momentum might slow due to r...Read More
The seaborne iron ore market received a boost on Monday January 8 froma strong futures market. Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement s...Read More
Lead and zinc began the week slightly higher while the rest of the base metals on the London Metal Exchange came under pressure on Monday January 8.Zinc was Monday morning's best performer, up $13 to $3,365 per tonne. Aluminium, meanwhile, continued to slip marginally lower, down $12 to $2,193.50 per tonne."There's some consolidation, it's a pretty quiet start to the week after an active start to...Read More
The spot gold price rose during Asian morning trading on Monday January 8, underpinned by weakness in the dollar following a disappointing US jobs report at the end of last week.The spot gold price was recently quoted at $1,320.25-1,320.60 per oz, up by $1.25 from the previous trading day's close. Trade has ranged from $1,319.33-1,322.25 per oz so far today.Gold has been the beneficiary of a weake...Read More
Indium prices have moved up on the higher range because of the tight availability of crude indium.Indium prices have climbed to a higher range because of tight availability of crude indium, market participants said.Metal Bulletin assessed the free market indium price at $250-280 per kg on an in-warehouse basis on Friday January 5, up from $250-270 per kg on Wednesday and lows of $220-$245 per kg o...Read More
Frank Arm, Retorte's head of sales and marketing, left the company last week, Metal Bulletin has learned. Arm had spent almost nine years at the German...Read More
Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Germanium Metal Rotterdam $ per kg Key drivers:- Lack of supply in the global market- Good demand in Europe and China offset subdued...Read More
Key data from Metal Bulletin's Friday January 5 pricing session in Europe.Gallium Metal MB free market $/kgFridayPreviousChange to midpoint of rangeMidpoint % change160-175155-17053.1%Key drivers: - Shortage of stock due...Read More
European antimony prices have started the year on a positive note with prices edging up slightly for both grades amid a tightening market.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,000-8,350 per tonne on Friday January 5, stable from Wednesday's assessment when prices had increased from $7,950-8,300 per tonne.Trioxide grade antimony prices in-wareho...Read More
Jan 08, 2018 Guest(s): Frank Holmes Bitcoin has taken a hit last month while gold is rallying. Frank Holmes, CEO of U.S. Global Investors, told Kitco News that the crypto world is affecting all fund flows in the markets, not just gold, and that cryptocurrencies will ultimately make markets more efficient. "I think the real currency is going to be Ethereum, and they settle every 10 seconds. And...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
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 investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
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"For years, many of you have endured burdensome fines, inspections, paperwork and relentless intrusion from an army of regulators at the EPA, the FDA and countless other federal Continue...Read More
Continue...Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the...Read More
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Crypto and stock prices grabbed most of the investment headlines in 2017. But by the end of 2018, a different asset class is bound to spark investor's attention.Continue...Read More